Legis Daily

End Polluter Welfare Act of 2021

USA117th CongressS-1167| Senate 
| Updated: 4/15/2021
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (8)
Edward J. Markey (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Alex Padilla (Democratic)Chris Van Hollen (Democratic)Cory A. Booker (Democratic)Jeff Merkley (Democratic)Richard Blumenthal (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
End Polluter Welfare Act of 2021 This bill limits or eliminates certain fossil fuel oil and gas subsidies for oil companies, including by (1) eliminating the limit on liability for offshore facilities and pipeline operators; (2) eliminating the authority of the Department of Energy to carry out the Fossil Energy Research and Development Program and prohibiting funds made available to the Advanced Research Project Agency from being used to carry out any project that supports fossil fuels; (3) terminating certain provisions relating to enhanced oil recovery, producing oil and natural gas from marginal wells, and limitations on percentage depletion for oil and natural gas wells; (4) terminating other deductions and accounting methods supporting oil, natural gas, and coal companies; (5) increasing the Oil Spill Liability Trust Fund financing rate; (6) denying a tax deduction for removal costs and damages relating to oil spills; (7) imposing an excise tax on the removal price of any taxable crude oil or natural gas; (8) increasing amortization periods for tertiary injectant expenses, development expenditures of a mine or other natural deposit, mining exploration expenditures, and intangible drilling and development costs for oil and gas wells and geothermal wells; (9) repealing the tax credits for the production of electricity from refined coal and for carbon oxide sequestration; and (10) requiring a study and elimination of certain other fossil fuel subsidies.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-4887
End Polluter Welfare Act of 2020
Apr 15, 2021
Introduced in Senate
Apr 15, 2021
Read twice and referred to the Committee on Finance.
May 26, 2021

Latest Companion Bill Action

HR 117-2102
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • Bill from Previous Congress

    S 116-4887
    End Polluter Welfare Act of 2020


  • April 15, 2021
    Introduced in Senate


  • April 15, 2021
    Read twice and referred to the Committee on Finance.


  • May 26, 2021

    Latest Companion Bill Action

    HR 117-2102
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Energy

Related Bills

  • HR 117-2102: End Polluter Welfare Act of 2021
Accounting and auditingAdministrative law and regulatory proceduresAdvanced technology and technological innovationsAgricultural prices, subsidies, creditAir qualityAlternative and renewable resourcesBusiness expensesBusiness investment and capitalCapital gains taxClimate change and greenhouse gasesCoalCompetitiveness, trade promotion, trade deficitsCongressional oversightCorporate finance and managementDepartment of EnergyDepartment of the InteriorDepartment of the TreasuryElectric power generation and transmissionEnergy pricesEnergy researchEnergy revenues and royaltiesEnergy storage, supplies, demandExecutive agency funding and structureExport-Import Bank of the United StatesForeign and international corporationsForeign loans and debtGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsGovernment trust fundsGulf of MexicoHazardous wastes and toxic substancesIncome tax creditsIncome tax deductionsInterest, dividends, interest ratesMarine and coastal resources, fisheriesMarine pollutionMiningMontanaMotor fuelsMultilateral development programsNavigation, waterways, harborsOil and gasPipelinesPollution liabilityPublic participation and lobbyingRailroadsResearch administration and fundingResearch and developmentRural conditions and developmentSales and excise taxesSecuritiesSolid waste and recyclingTax administration and collection, taxpayersTaxation of foreign incomeTransportation programs fundingWorker safety and healthWyoming

End Polluter Welfare Act of 2021

USA117th CongressS-1167| Senate 
| Updated: 4/15/2021
End Polluter Welfare Act of 2021 This bill limits or eliminates certain fossil fuel oil and gas subsidies for oil companies, including by (1) eliminating the limit on liability for offshore facilities and pipeline operators; (2) eliminating the authority of the Department of Energy to carry out the Fossil Energy Research and Development Program and prohibiting funds made available to the Advanced Research Project Agency from being used to carry out any project that supports fossil fuels; (3) terminating certain provisions relating to enhanced oil recovery, producing oil and natural gas from marginal wells, and limitations on percentage depletion for oil and natural gas wells; (4) terminating other deductions and accounting methods supporting oil, natural gas, and coal companies; (5) increasing the Oil Spill Liability Trust Fund financing rate; (6) denying a tax deduction for removal costs and damages relating to oil spills; (7) imposing an excise tax on the removal price of any taxable crude oil or natural gas; (8) increasing amortization periods for tertiary injectant expenses, development expenditures of a mine or other natural deposit, mining exploration expenditures, and intangible drilling and development costs for oil and gas wells and geothermal wells; (9) repealing the tax credits for the production of electricity from refined coal and for carbon oxide sequestration; and (10) requiring a study and elimination of certain other fossil fuel subsidies.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-4887
End Polluter Welfare Act of 2020
Apr 15, 2021
Introduced in Senate
Apr 15, 2021
Read twice and referred to the Committee on Finance.
May 26, 2021

Latest Companion Bill Action

HR 117-2102
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
  • Bill from Previous Congress

    S 116-4887
    End Polluter Welfare Act of 2020


  • April 15, 2021
    Introduced in Senate


  • April 15, 2021
    Read twice and referred to the Committee on Finance.


  • May 26, 2021

    Latest Companion Bill Action

    HR 117-2102
    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (8)
Edward J. Markey (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Alex Padilla (Democratic)Chris Van Hollen (Democratic)Cory A. Booker (Democratic)Jeff Merkley (Democratic)Richard Blumenthal (Democratic)

Finance Committee

Energy

Related Bills

  • HR 117-2102: End Polluter Welfare Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingAdministrative law and regulatory proceduresAdvanced technology and technological innovationsAgricultural prices, subsidies, creditAir qualityAlternative and renewable resourcesBusiness expensesBusiness investment and capitalCapital gains taxClimate change and greenhouse gasesCoalCompetitiveness, trade promotion, trade deficitsCongressional oversightCorporate finance and managementDepartment of EnergyDepartment of the InteriorDepartment of the TreasuryElectric power generation and transmissionEnergy pricesEnergy researchEnergy revenues and royaltiesEnergy storage, supplies, demandExecutive agency funding and structureExport-Import Bank of the United StatesForeign and international corporationsForeign loans and debtGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsGovernment trust fundsGulf of MexicoHazardous wastes and toxic substancesIncome tax creditsIncome tax deductionsInterest, dividends, interest ratesMarine and coastal resources, fisheriesMarine pollutionMiningMontanaMotor fuelsMultilateral development programsNavigation, waterways, harborsOil and gasPipelinesPollution liabilityPublic participation and lobbyingRailroadsResearch administration and fundingResearch and developmentRural conditions and developmentSales and excise taxesSecuritiesSolid waste and recyclingTax administration and collection, taxpayersTaxation of foreign incomeTransportation programs fundingWorker safety and healthWyoming