S 4887
116th Congress
Senate
Energy
Accounting and auditing
Administrative law and regulatory procedures
Advanced technology and technological innovations
Agricultural prices, subsidies, credit
Air quality
Alternative and renewable resources
Banking and financial institutions regulation
Business expenses
Business investment and capital
Capital gains tax
Cardiovascular and respiratory health
Climate change and greenhouse gases
Coal
Competitiveness, trade promotion, trade deficits
Congressional oversight
Corporate finance and management
Credit and credit markets
Department of Energy
Department of the Interior
End Polluter Welfare Act of 2020
Introduced: November 10, 2020
Introduced by:
Sanders, Bernard
Independent
· Vermont
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 10, 2020
Read twice and referred to the Committee on Finance.
Nov 10, 2020
Introduced in Senate
Plain-English summary
End Polluter Welfare Act of 2020
This bill limits or eliminates certain fossil fuel subsidies for oil, coal, and natural gas companies, including by
- eliminating the authority of the Department of Energy to carry out the Fossil Energy Research and Development Program;
- expanding the definition of crude oil for purposes of the excise tax on petroleum and petroleum products to include any oil derived from a bitumen or bituminous mixture (tar sands), any liquid fuel derived from coal, and any oil derived from kerogen-bearing sources (oil shale);
- limiting the financial assistance that such companies may receive from programs that provide relief to businesses affected by the COVID-19 pandemic;
- terminating certain tax incentives relating to fossil fuels, including the percentage depletion allowance and capital gains treatment for royalties from coal; and
- increasing the Oil Spill Liability Trust Fund financing rate.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1