PANews reported on April 2 that according to Bitcoin.com, U.S. Senator Ted Cruz recently announced the launch of the "Promoting the Utilization of Lower Atmospheric Emissions (FLARE) Act", a federal proposal that aims to transform wasted energy into effective use through targeted tax reforms. The federal bill seeks to: amend the Internal Revenue Code of 1986 to provide for the permanent full expense of property used to capture natural gas that would otherwise be burned or emitted and use it for value-added products. Cruz described the move as a strategic step to take advantage of the state's abundant energy supply and strengthen its leadership in the digital asset field. The congressman said: "I am committed to making Texas the preferred place for Bitcoin mining. The FLARE Act incentivizes entrepreneurs and cryptocurrency miners to utilize natural gas that would otherwise be stranded."