U.S. Congress legislation · 119th Congress
SB5689: RECLAIM Act
Status: In committee, October 15, 2026
A bill to prohibit Federal and State incentives for the development or commercial operations of data centers.
What the bill says
To prohibit Federal and State incentives for the development or commercial operations of data centers.
From the introduced text, October 15, 2026:
A BILL To prohibit Federal and State incentives for the development or commercial operations of data centers. SECTION 1. Short title This Act may be cited as the Recapturing Excessive Corporate Largesse through Accountability and Incentive Measures Act or the RECLAIM Act . SECTION 2. Prohibition on incentives for covered data centers (a) No Federal incentives A covered data center (as defined in section 5000E(b) of the Internal Revenue Code of 1986, as added by subsection (b)) shall not be eligible for any Federal grant, loan, loan guarantee, cooperative agreement, tax credit or deduction, exclusion, exemption, abatement, or other form of Federal financial assistance or tax incentive for the development or commercial operations of such covered data center. (b) Excise tax on prohibited state and local incentives (1) In general Subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter: 50B Prohibited state and local incentives for data centers Sec. 5000E. Prohibited state and local incentives for data centers. SECTION 5000E. Prohibited state and local incentives for data centers (a) In general In the case of any covered data center, there is imposed a tax in an amount equal to 100 percent of the amount of any prohibited State or local incentive received by the data center operator during the …
Sponsors
- Moreno, Bernie (R) · primary sponsor
Latest actions
- : Read twice and referred to the Committee on Finance under authority of the order of the Senate of 09/30/2026.
- : Introduced in Senate
Subjects: Taxation
Common questions
- What is SB5689?
- SB5689 is a bill in Congress (119th Congress): RECLAIM Act.
- What does SB5689 do?
- In its own words: To prohibit Federal and State incentives for the development or commercial operations of data centers.
- What is the status of SB5689?
- In committee as of October 15, 2026. Latest action: Read twice and referred to the Committee on Finance under authority of the order of the Senate of 09/30/2026. (October 15, 2026).
- Who sponsored SB5689?
- Moreno, Bernie (R).
- Where is the official record for SB5689?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5689
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.