S. 4887 · 116th Congress
End Polluter Welfare Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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SandersSponsorNo cosponsors.
This bill limits or eliminates certain fossil fuel subsidies for oil, coal, and natural gas companies, including by
What it does: CRS summary · Introduced in Senate · Nov 10, 2020
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: End Polluter Welfare Act of 2020
Latest action (Nov 10, 2020): Read twice and referred to the Committee on Finance.
Policy area: Energy · Origin: Senate · Introduced: Nov 10, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.