End Polluter Welfare Act of 2021
Latest action · Apr 15, 2021 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 15, 2021
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 8
Members who signed on, in the order they did. Signatures ran from Apr 15, 2021 to Jun 9, 2022, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Chris Van Hollen | Original | Apr 15, 2021 |
| D-NJ | Cory A. Booker | Original | Apr 15, 2021 |
| D-MA | Edward J. Markey | Original | Apr 15, 2021 |
| D-MA | Elizabeth Warren | Original | Apr 15, 2021 |
| D-OR | Jeff Merkley | Original | Apr 15, 2021 |
| D-NY | Kirsten E. Gillibrand | May 10, 2021 | |
| D-CT | Richard Blumenthal | Mar 10, 2022 | |
| D-CA | Alex Padilla | Jun 9, 2022 |
Actions 2
Everything that happened, newest first.
- Apr 15, 2021Introduced in Senate
- Apr 15, 2021Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2102 | End Polluter Welfare Act of 2021 | Identical bill | May 26, 2021 |
Subjects
Assigned by the Library of Congress. Policy area: Energy.
- Accounting and auditing
- Administrative law and regulatory procedures
- Advanced technology and technological innovations
- Agricultural prices, subsidies, credit
- Air quality
- Alternative and renewable resources
- Business expenses
- Business investment and capital
- Capital gains tax
- Climate change and greenhouse gases
- Coal
- Competitiveness, trade promotion, trade deficits
- Congressional oversight
- Corporate finance and management
- Department of Energy
- Department of the Interior
- Department of the Treasury
- Electric power generation and transmission
- Energy
- Energy prices
- Energy research
- Energy revenues and royalties
- Energy storage, supplies, demand
- Executive agency funding and structure
- Export-Import Bank of the United States
- Foreign and international corporations
- Foreign loans and debt
- Government information and archives
- Government lending and loan guarantees
- Government studies and investigations
- Government trust funds
- Gulf of Mexico
- Hazardous wastes and toxic substances
- Income tax credits
- Income tax deductions
- Interest, dividends, interest rates
- Marine and coastal resources, fisheries
- Marine pollution
- Mining
- Montana
- Motor fuels
- Multilateral development programs
- Navigation, waterways, harbors
- Oil and gas
- Pipelines
- Pollution liability
- Public participation and lobbying
- Railroads
- Research administration and funding
- Research and development
- Rural conditions and development
- Sales and excise taxes
- Securities
- Solid waste and recycling
- Tax administration and collection, taxpayers
- Taxation of foreign income
- Transportation programs funding
- Worker safety and health
- Wyoming
Text 1
Each version as it was printed, newest first.
- Apr 15, 2021Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.