3.0.0 4887 2023-01-11T13:44:11Z 2023-01-11T13:44:11Z Senate S 2020-11-10 116 ssfi00 Finance Committee Senate Standing Referred to 2020-11-10T21:39:20Z End Polluter Welfare Act of 2020 116 7781 HR 2020-09-03 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Identical bill CRS ReWIND Act 116 6707 HR 2020-05-27 Referred to the Subcommittee on Energy and Mineral Resources. Related bill CRS ReWIND Act 116 3611 S 2020-05-05 Read twice and referred to the Committee on Energy and Natural Resources. Related bill CRS Big Oil Bailout Prevention Unlimited Liability Act of 2020 116 5081 S 2020-12-21 Read twice and referred to the Committee on Environment and Public Works. Related bill CRS 2020-11-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-11-10 Introduced in Senate IntroReferral 10000 9 Library of Congress S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT N 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 Department of the Treasury Electric power generation and transmission Emergency medical services and trauma care Energy prices Energy research Energy revenues and royalties Energy storage, supplies, demand Executive agency funding and structure Export-Import Bank of the United States Financial services and investments 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 Infectious and parasitic diseases Interest, dividends, interest rates Marine and coastal resources, fisheries Marine pollution Military procurement, research, weapons development Mining Montana Motor fuels Multilateral development programs Navigation, waterways, harbors Oil and gas Pipelines Pollution liability Public contracts and procurement 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 Strategic materials and reserves Tax administration and collection, taxpayers Taxation of foreign income Transportation programs funding Worker safety and health Wyoming Energy 00 2020-11-10 Introduced in Senate 2021-08-25T13:30:27Z 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.
]]> End Polluter Welfare Act of 2020 Display Title End Polluter Welfare Act of 2020 Short Title(s) as Introduced End Polluter Welfare Act of 2020 Introduced in Senate IS Official Title as Introduced A bill to eliminate certain subsidies for fossil-fuel production. Introduced in Senate IS Introduced in Senate 2020-11-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4887is/xml/BILLS-116s4887is.xml 2020-11-10 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.