End Polluter Welfare Act of 2024
April 28, 2026
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Where This Stands
Currently in_committee. The next step in the legislative lifecycle is Floor Vote.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →The Frame
If passed, this legislation would increase the cost of doing business for fossil fuel companies by raising royalty payments to the federal government and eliminating specific tax deductions, while simultaneously removing legal limits on financial liability for oil spill damages.
Potentially affected actors named in the source documents. Mention is not a position.
Fossil fuel production companies
These companies would face higher royalty payments, the loss of specific tax deductions, and increased financial liability for environmental damages.
Black Lung Disability Trust Fund beneficiaries
This group may see increased funding for the trust fund due to the proposed increase in coal excise taxes.
Current stage: in_committee.
Floor Vote.
Summary
Key Facts
- Increases royalty rates for coal, oil, and natural gas leases on federal lands from 12.5% or 16.6% to 18.75%.
- Removes existing liability caps for offshore facilities and pipeline operators regarding oil spill damages.
- Repeals specific royalty relief programs for deep-water and shallow-water oil and gas production in the Gulf of Mexico.
- Eliminates the ability for fossil fuel companies to receive interest payments on royalty overpayments.
- Terminates various tax deductions and credits, including percentage depletion for coal and hard minerals.
- Repeals the corporate income tax exemption for publicly traded partnerships involved in fossil fuel activities.
- Increases the excise tax rate used to fund the Black Lung Disability Trust Fund.
- Eliminates the 'last-in, first-out' (LIFO) inventory accounting method for oil, natural gas, and coal companies.
- Requires geological and geophysical expenditures to be amortized over seven years.
- Denies tax deductions for removal costs and damages associated with certain oil spills.
- Prohibits international financial institutions and the Export-Import Bank from using appropriated funds for fossil fuel projects.
- Repeals specific provisions of the Fiscal Responsibility Act and the Inflation Reduction Act related to fossil fuel subsidies.
Why It Matters
If passed, this legislation would increase the cost of doing business for fossil fuel companies by raising royalty payments to the federal government and eliminating specific tax deductions, while simultaneously removing legal limits on financial liability for oil spill damages.
Frequently Asked Questions
Does this bill ban fossil fuel production?
How does this affect oil spill liability?
What happens to the Black Lung Disability Trust Fund?
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Direct Repeal of Recent Acts
The bill explicitly targets and seeks to repeal sections of the Inflation Reduction Act and the Fiscal Responsibility Act, signaling a direct legislative challenge to recent energy policy compromises.
Connected Entities
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy80Intensity of disagreement among stakeholders
- Entertainment20Compellingness for a non-policy-wonk reader
- Buzz60Current news / social attention level
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