Bill > S2444

This bill, the End Polluter Welfare Act of 2025, is a comprehensive legislative effort to eliminate various subsidies, tax benefits, and financial incentives for fossil fuel production and use. The bill covers multiple aspects of federal support for fossil fuel industries, including tax credits, deductions, royalty relief, and international financing. Key provisions include terminating tax credits for oil and gas production, increasing royalty rates for fossil fuel extraction, prohibiting federal agencies from funding fossil fuel projects, modifying foreign tax credit rules for oil and gas companies, and repealing recent legislation that provided fossil fuel industry support. The bill also mandates studies to identify additional fossil fuel subsidies and requires their potential elimination. Specifically, the legislation would end various tax benefits like enhanced oil recovery credits, modify the treatment of foreign oil-related income, increase taxes on offshore oil and gas production, and restrict government financing for fossil fuel projects both domestically and internationally. The bill aims to reduce financial incentives for fossil fuel production as part of a broader strategy to address climate change and promote cleaner energy alternatives.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/2444/all-info