S. 2444 · Where this bill is now
In committee
Introduced in the Senate, Jul 24, 2025
119th Congress
1st SessionS. 2444
1st SessionS. 2444
A BILL
End Polluter Welfare Act of 2025
In the SenateNo vote yet
Sponsor: Sen. Bernard Sanders (I-VT) · Introduced Jul 24, 2025 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 24, 2025: “Read twice and referred to the Committee on Finance.”
Sections
Title I — Elimination of fossil fuel subsidies · 16
- Sec. 101Definition of fossil fuelNo change
- Sec. 102Royalty reliefNo change
- Sec. 103Royalties under Mineral Leasing ActNo change
- Sec. 104Offshore oil and gas royalty rateNo change
- Sec. 105Elimination of interest payments for royalty overpaymentsNo change
- Sec. 106Removal of limits on liability for offshore facilities and pipeline operatorsNo change
- Sec. 107Restrictions on use of appropriated funds by international financial institutions for projects that support fossil fuelNo change
- Sec. 108Office of Fossil Energy and Carbon ManagementNo change
- Sec. 109Loan Programs Office of the Department of EnergyNo change
- Sec. 110USDA assistance for carbon capture and storage systemsNo change
- Sec. 111Advanced Research Projects Agency—EnergyNo change
- Sec. 112Incentives for innovative technologiesNo change
- Sec. 113Rural Utility Service loan guaranteesNo change
- Sec. 114Prohibition on use of funds by the United States International Development Finance Corporation or the Export-Import Bank of the United States for financing projects, transactions, or other activities that support fossil fuelNo change
- Sec. 115Transportation funds for grants, loans, loan guarantees, and other direct assistanceNo change
- Sec. 116Elimination of exclusion of certain lenders as owners or operators under CERCLANo change
Title II — Amendments to Internal Revenue Code of 1986 · 24
- Sec. 201Termination of various tax expenditures relating to fossil fuelsNo change
- Sec. 202Termination of certain deductions and credits related to fossil fuelsNo change
- Sec. 203Uniform seven-year amortization for geological and geophysical expendituresNo change
- Sec. 204Natural gas gathering lines treated as 15-year propertyNo change
- Sec. 205Termination of last-in, first-out method of inventory for oil, natural gas, and coal companiesNo change
- Sec. 206Repeal of percentage depletion for coal and hard mineral fossil fuelsNo change
- Sec. 207Termination of capital gains treatment for royalties from coalNo change
- Sec. 208Modifications of foreign tax credit rules applicable to oil and gas industry taxpayers receiving specific economic benefitsNo change
- Sec. 209Increase in oil spill liability trust fund financing rateNo change
- Sec. 210Application of certain environmental taxes to synthetic crude oilNo change
- Sec. 211Denial of deduction for removal costs and damages for certain oil spillsNo change
- Sec. 212Tax on crude oil and natural gas produced from the outer Continental Shelf in the Gulf of MexicoNo change
- Sec. 213Repeal of corporate income tax exemption for publicly traded partnerships with qualifying income and gains from activities relating to fossil fuelsNo change
- Sec. 214Amortization of qualified tertiary injectant expensesNo change
- Sec. 215Amortization of development expendituresNo change
- Sec. 216Amortization of certain mining exploration expendituresNo change
- Sec. 217Amortization of intangible drilling and development costs in the case of oil and gas wellsNo change
- Sec. 218Increase in excise tax rate for funding of Black Lung Disability Trust FundNo change
- Sec. 219Elimination of renewable electricity production credit eligibility for refined coalNo change
- Sec. 220Treatment of foreign oil related income as subpart F incomeNo change
- Sec. 221Repeal of exclusion of foreign oil and gas extraction income from the determination of tested incomeNo change
- Sec. 222Termination of credit for carbon oxide sequestrationNo change
- Sec. 223Eliminate drawbacks on petroleum taxesNo change
- Sec. 224Modifying clean hydrogen production creditNo change