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Bill

HR 6418

Employee Profit-Sharing Encouragement Act of 2025

119th Congress Introduced by Bonnie Watson Coleman and 1 co-sponsor

Creates a 14-member commission to study Rhode Island's alternative fuels infrastructure (excluding solar/wind), report by March 10, 2026, no pay, expires May 10, 2026.

Introduced in House
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Bill Summary · HR 6418

Summary of the Legislative Document (Rhode Island House Resolution LC003055)

Note on potential mismatch
- The user requested a summary for HR 6418 (a federal-style bill to deny deductions for executive compensation unless there are profit-sharing distributions). The text provided, however, contains Rhode Island House Resolution LC003055, a state-level measure proposing a special legislative commission on alternative fuels. The following summary reflects the provided RI resolution. If you want a summary of HR 6418 as described (the executive compensation/deductions bill), please supply the correct text or confirm that you want a summary of that federal-style bill.

Bill Type and Status (RI resolution)
- Type: House Resolution creating a special legislative commission
- Introduced: June 12, 2025
- Referred to: House Corporations
- Current status (as of the provided actions): Committee recommended measure be held for further study (06/16/2025); additional actions listed include referrals to Ways and Means (06/12/2025 and 12/03/2025)

Purpose and Intent
- Objective: Establish a fourteen-member special legislative commission to study and provide recommendations for increasing the use and infrastructure for alternative fuels in Rhode Island (excluding solar and wind in the explicit scope, though other renewables may be considered for discussion).
- Rationale: To evaluate current and emerging alternative fuel sources viable for Rhode Island’s energy future, identify necessary infrastructure, assess implementation costs, and promote in-state production, use, and investment in alternative fuel technologies.

Key Provisions and Structure
- Composition: 14 members, including:
- 4 House members (no more than 3 from one party)
- Appointees representing various energy and business sectors, including:
- Energy Marketers Association of Rhode Island
- Large and small-to-mid biofuel energy companies headquartered/based in RI
- Director of Rhode Island Nuclear Science Center (or designee)
- Rhode Island Manufacturers Association
- Rhode Island Public Utilities Commission
- Biomass/modern wood heating sector representative (e.g., MESYS or similar)
- Director of the RI Office of Energy Resources (or designee)
- Dominion Energy Nuclear Facilities representative
- RI Business Leaders Alliance representative
- Some appointments may be filled by non-legislators; the appointing authority may substitute a public member in lieu of a legislator
- Support and resources: State departments and agencies must provide necessary information; Speaker of the House to provide office space and administrative support
- Meetings: To be organized promptly upon passage with a chair selected from members
- Vacancies: To be filled in the same manner as original appointments
- Compensation: Members receive no compensation for service
- Reporting and expiration: Must report findings and recommendations to the RI House no later than March 10, 2026; resolution expires May 10, 2026

Timeline and Procedural Notes
- Report due: March 10, 2026
- Expiration of commission: May 10, 2026
- Interim actions: The bill has undergone committee consideration and is slated for further study per the June 2025 committee action

Impact and Focus
- Targeted impact: Rhode Island energy policy, infrastructure planning, and investment in alternative fuels (excluding solar and wind from explicit scope)
- Stakeholders: Lawmakers, energy marketers, biofuel producers, nuclear facilities, manufacturers, utilities, biomass sector, energy resource agencies, and business associations
- Policy implication: Provides a structured, time-limited mechanism to evaluate viable alternative fuels and related infrastructure, informing future legislation or agency actions based on commission findings

If you provide the correct text for HR 6418 (the executive-compensation/deduction bill), I can generate a parallel, detailed summary for that bill.

Compiled from official sources — confirm details with the bill’s official record.

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