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End Fossil Fuel Subsidies: Higher Fees and Taxes for Companies.

This act aims to eliminate subsidies and tax breaks for fossil fuel companies, including those producing coal, oil, and natural gas. This means these companies will face higher fees and taxes, potentially impacting energy prices and transportation costs. The changes are intended to reduce support for the fossil fuel industry and promote more environmentally friendly solutions.
Key points
Increased royalties for coal, oil, and natural gas extraction on federal lands.
Elimination of various tax incentives for fossil fuel companies, potentially raising their operating costs.
Higher oil spill liability trust fund financing rate, which could lead to increased consumer costs.
Termination of federal research and development programs related to fossil fuels.
Introduction of a new tax on crude oil and natural gas produced from the Outer Continental Shelf in the Gulf of Mexico.
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Expired
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Additional Information
Print number: 117_HR_2102
Sponsor: Rep. Omar, Ilhan [D-MN-5]
Process start date: 2021-03-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

End Polluter Welfare Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2102.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-19.

What are the main provisions?

Key points include:

  • Increased royalties for coal, oil, and natural gas extraction on federal lands.
  • Elimination of various tax incentives for fossil fuel companies, potentially raising their operating costs.
  • Higher oil spill liability trust fund financing rate, which could lead to increased consumer costs.
  • Termination of federal research and development programs related to fossil fuels.
  • Introduction of a new tax on crude oil and natural gas produced from the Outer Continental Shelf in the Gulf of Mexico.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Omar, Ilhan [D-MN-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Environment Taxes Economy