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National Debt Reduction Fund from Energy and AI Revenues

This act establishes a new fund that will use a portion of revenues from federal oil and gas leases and activities related to artificial intelligence development. The collected money will be used exclusively to reduce the United States' national debt, potentially impacting the country's financial stability in the long run.
Key points
Creation of a Debt Reduction Fund, financed by 25% of revenues from federal oil and gas leases.
The fund will also receive 25% of revenues from activities related to advancing artificial intelligence infrastructure.
All funds deposited will be used solely to reduce the principal of the U.S. federal debt.
The Secretary of the Treasury will regularly report to Congress on the use of funds and debt reduction.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_168
Sponsor: Sen. Schmitt, Eric [R-MO]
Process start date: 2025-01-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Energy for America’s Economic Future Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_168.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-01-21.

What are the main provisions?

Key points include:

  • Creation of a Debt Reduction Fund, financed by 25% of revenues from federal oil and gas leases.
  • The fund will also receive 25% of revenues from activities related to advancing artificial intelligence infrastructure.
  • All funds deposited will be used solely to reduce the principal of the U.S. federal debt.
  • The Secretary of the Treasury will regularly report to Congress on the use of funds and debt reduction.
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 Sen. Schmitt, Eric [R-MO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

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

CATEGORIES

Economy Public Investments