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

This Act aims to eliminate subsidies, tax breaks, and financial support for companies involved in fossil fuel production and use (coal, oil, gas). Companies will face increased operating costs and taxes resulting from the new regulations. Concurrently, the Act boosts funding for the Oil Spill Liability Trust Fund and the Black Lung Disability Trust Fund.
Key points
Tax Breaks Eliminated: Termination of numerous tax credits, deductions, and special depreciation rules for the fossil fuel industry, increasing their tax burden.
Higher Extraction Fees: Royalty rates for extracting coal, oil, and gas on federal lands are raised to 18.75%.
Increased Oil Spill Liability: Removal of liability limits for offshore facilities and pipeline operators in case of oil spills.
New Environmental Taxes: Increase in the Oil Spill Liability Trust Fund financing rate and imposition of a new 13% severance tax on oil and gas produced from the Outer Continental Shelf in the Gulf of Mexico.
Federal Funding Prohibition: Prohibition on using federal funds (including DOE, USDA, and international financial institutions) to support projects related to fossil fuels.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2444
Sponsor: Sen. Sanders, Bernard [I-VT]
Process start date: 2025-07-24
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

End Polluter Welfare Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2444.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-24.

What are the main provisions?

Key points include:

  • Tax Breaks Eliminated: Termination of numerous tax credits, deductions, and special depreciation rules for the fossil fuel industry, increasing their tax burden.
  • Higher Extraction Fees: Royalty rates for extracting coal, oil, and gas on federal lands are raised to 18.75%.
  • Increased Oil Spill Liability: Removal of liability limits for offshore facilities and pipeline operators in case of oil spills.
  • New Environmental Taxes: Increase in the Oil Spill Liability Trust Fund financing rate and imposition of a new 13% severance tax on oil and gas produced from the Outer Continental Shelf in the Gulf of Mexico.
  • Federal Funding Prohibition: Prohibition on using federal funds (including DOE, USDA, and international financial institutions) to support projects related to fossil fuels.
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. Sanders, Bernard [I-VT].

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 2025-12-31.

CATEGORIES

Taxes Environment Economy