S. 5350 · Where this bill is now
In committee
Introduced in the Senate, Aug 6, 2026
119th Congress
2nd SessionS. 5350
2nd SessionS. 5350
A BILL
American Energy Independence and Tax Fairness Act
In the SenateNo vote yet
Sponsor: Sen. Martin Heinrich (D-NM) · Introduced Aug 6, 2026 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Aug 6, 2026: “Read twice and referred to the Committee on Finance.”
Sections
Sections · 4
- Sec. 1Short titleNo change
- Sec. 2Foreign oil and gas extraction income included in net CFC tested incomeNo change
- Sec. 3Foreign oil and gas extraction income and foreign oil related income to include oil shale and tar sandsNo change
- Sec. 4Modifications of foreign tax credit rules applicable to certain taxpayers receiving specific economic benefitsNo change