Ending Fossil Fuel Bailouts Act of 2026

This bill, titled the Ending Fossil Fuel Bailouts Act of 2026, modifies federal bankruptcy laws to specifically target oil, gas, and coal companies. It requires these companies to prioritize paying worker wages and environmental cleanup costs over other debts, including those owed to shareholders. The legislation also prevents fossil fuel firms from abandoning their assets during bankruptcy and extends the time period for investigating fraudulent financial transfers to ten years. Additionally, it prohibits the transfer of certain federal energy leases if the company holding them files for bankruptcy. These changes aim to ensure that environmental liabilities and employee compensation are addressed before other financial claims are settled.