# 119-s-3632: Renewable Chemicals Act of 2026

119-s-3632, Renewable Chemicals Act of 2026, is a 119th Congress bill sponsored by Sen. Ricketts, Pete [R-NE] (R-NE); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3632
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3632
- Congress: 119
- Title: Renewable Chemicals Act of 2026
- Status: introduced
- Introduced: 2026-01-14
- Sponsor: Sen. Ricketts, Pete [R-NE] (R-NE)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Would create tax credits for U.S. renewable chemical production.** The bill would set up two linked incentives: a production credit for qualifying renewable chemicals and a 30% investment credit for facilities that make them.

## Cosponsors (1)

- Sen. Coons, Christopher A. [D-DE] (D-DE), 2026-01-14T00:00:00.000Z

## Provisions PRIA read

- Investment tax credit for production facilities: mixed, high. If enacted, taxpayers placing a renewable chemical production facility in service would be able to claim a 30% investment tax credit on eligible equipment (tangible personal property, not buildings). Taxpayers must make an irrevocable election to apply this credit to a facility, and if they do they…
- National allocation program and caps: mixed, high. If enacted, the Secretary of the Treasury would have 180 days to set up a national program that allocates all investment and production credit amounts. The total pool of allocable credits would be $500 million, and no single taxpayer could receive more than $25 million (related entities treated as…
- Production tax credit for renewable chemicals: mixed, high. If enacted, businesses that make qualifying renewable chemicals would be able to claim a production tax credit equal to 15% of the sales price per pound. The credit would be reduced by the chemical's non‑biobased share and biobased content would be measured by ASTM D6866 testing. Only chemicals mad…

## Related bills

- 119-s-4668: Protect College Sports Act of 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-2904: SHADOW Fleet Sanctions Act of 2026
- 119-s-4392: Energy Security Pacts Act
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-4456: AI OVERWATCH Act

## Sources
- [119-s-3632 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3632)

## Related
- [119-s-4668: Protect College Sports Act of 2026](https://policyrisk.com/legislation/119-s-4668)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-2904: SHADOW Fleet Sanctions Act of 2026](https://policyrisk.com/legislation/119-s-2904)
- [119-s-4392: Energy Security Pacts Act](https://policyrisk.com/legislation/119-s-4392)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-4456: AI OVERWATCH Act](https://policyrisk.com/legislation/119-s-4456)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3632 (as of 2026-04-21).