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New Oil Taxes Fund National Disaster Resilience and Recovery Programs.

This law establishes the National Resilience and Recovery Fund to finance FEMA programs focused on disaster preparedness, flood protection, and building resilient infrastructure. The funding comes from new or increased excise taxes on large oil and gas companies, including a 50% tax on their "windfall profits" when oil prices are high. Citizens benefit from enhanced safety and faster recovery, with costs primarily borne by the energy sector.
Key points
A dedicated fund is created solely for disaster mitigation projects and building resilient national infrastructure.
A 50% excise tax is imposed on the windfall profits of large crude oil producers when Brent oil prices exceed a historical average.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5983
Sponsor: Rep. Stansbury, Melanie A. [D-NM-1]
Process start date: 2025-11-07
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

National Resilience and Recovery Fund Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5983.

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 2025-11-07.

What are the main provisions?

Key points include:

  • A dedicated fund is created solely for disaster mitigation projects and building resilient national infrastructure.
  • A 50% excise tax is imposed on the windfall profits of large crude oil producers when Brent oil prices exceed a historical average.
What is the specific legal status?

The current status is Introduced.

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. Stansbury, Melanie A. [D-NM-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Public Investments Environment