National Resilience and Recovery Fund Act
This bill creates a National Resilience and Recovery Fund financed by specific taxes on crude oil and natural gas production. The fund will be supported by taxes from Gulf of Mexico offshore oil production, environmental taxes on crude oil, and a new windfall profits tax on large crude oil producers exceeding 300,000 barrels per day in 2023. The money will directly support four existing federal disaster resilience programs: Hazard Mitigation Grants, Building Resilient Infrastructure, Safeguarding Tomorrow Revolving Loans, and Flood Mitigation Assistance. The bill also clarifies that certain oil types (including oil from tar sands and oil shale) will be subject to these taxes, with the windfall tax applying to producers exceeding specified production thresholds.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2025
Committee Review
Floor Vote
President
Introduced Nov 7, 2025
Last action Nov 8, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Nov 8, 2025
Committee
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
lower
Nov 7, 2025
Committee
Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Financial Services, 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
Nov 7, 2025
Introduced
Introduced in House
lower
1 primary · 6 co-sponsors
Sponsors
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