HR 8554 United States House · 118th Congress

End Polluter Welfare Act of 2024

The End Polluter Welfare Act of 2024 eliminates numerous subsidies and tax benefits for fossil fuel companies by repealing provisions that provide royalty relief, reducing royalty rates, and ending tax incentives for oil, natural gas, and coal production. The bill prohibits federal funding for fossil fuel projects by restricting international financial institutions, the Export-Import Bank, and the Department of Transportation from supporting fossil fuel infrastructure. It also repeals recent legislation that provided fossil fuel subsidies, including parts of the Fiscal Responsibility Act and Inflation Reduction Act. This comprehensive approach directly affects oil, gas, and coal producers by removing financial benefits that have historically supported the fossil fuel industry, while directing studies to identify and eliminate additional fossil fuel subsidies.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
President
Introduced May 23, 2024 Last action Dec 17, 2024
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Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
4
Dec 17, 2024
Committee
Referred to the Subcommittee on Trade.
lower
Oct 8, 2024
Committee
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
lower
May 31, 2024
Committee
Referred to the Subcommittee on Environment, Manufacturing, and Critical Materials.
lower
May 23, 2024
Committee
Referred to the Committee on Ways and Means, and in addition to the Committees on Natural Resources, Transportation and Infrastructure, Financial Services, Science, Space, and Technology, Agriculture, Energy and Commerce, Foreign Affairs, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
May 23, 2024
Introduced
Introduced in House
lower
1 primary · 32 co-sponsors

Sponsors