This Senate resolution formally designates May 2026 as Renewable Fuels Month to honor the contributions of biofuels like ethanol and biodiesel. The bill highlights how these fuels support rural economies, create jobs, and reduce the nation's dependence on foreign oil. It also notes the environmental benefits, such as lower greenhouse gas emissions and improved air quality, without imposing any new laws or regulations.
The Offshore Parity Act of 2026 grants the states of Louisiana, Mississippi, and Alabama greater control over offshore resources by expanding their jurisdiction to three marine leagues in the Gulf of Mexico. Under this bill, the Secretary of the Interior would delegate authority to these states to manage oil, gas, and other energy activities on the newly included lands, provided the states demonstrate they have the resources and administrative capacity to do so. The legislation also allows these states to set their own rental rates and royalties for new leases while retaining federal oversight for endangered species and national security matters. Additionally, the act extends state management powers to fisheries in the same expanded area, enabling local oversight of fishing resources within these new boundaries.
This bill increases the corporate tax rate on stock buybacks to 25 percent for large oil and gas companies that meet specific revenue and operational criteria. It targets corporations with an average annual gross receipt of at least $1 billion that are primarily engaged in producing, refining, processing, transporting, or distributing oil or natural gas. The higher tax rate applies only to stock repurchases made after the bill is enacted and before gasoline prices fall below $2.937 per gallon for five consecutive weeks. If gasoline prices drop below this threshold, the special tax provision ceases to apply, and companies may claim a partial reduction in their tax liability based on the duration of the high-price period.
This bill, the Protect Domestic Oil and Gas Small Business Act of 2026, exempts small oil and gas wells from certain federal air quality standards and reporting requirements under the Clean Air Act. It defines a "marginal well" as one producing 15 barrels of oil or less per day, or 90,000 cubic feet of natural gas or less per day, and removes obligations for monitoring, leak detection, and emissions testing for these sites. The legislation also mandates that the EPA approve state plans excluding marginal wells within 180 days and must terminate any ongoing enforcement actions against such wells. Additionally, the EPA is required to update its regulations within 180 days of the bill's enactment to implement these new exemptions.
The Next-Generation Geothermal Research and Development Act expands federal geothermal research to include advanced technologies like closed-loop and supercritical systems. It directs the Department of Energy to create a new research program, establish a center of excellence, and award grants for developing drilling equipment and materials needed for these systems. The bill also requires the creation of a public database for geothermal data and mandates periodic reports on water usage and the commercial potential of next-generation geothermal energy.
Energy Consumer Protection Act of 2026 This bill expands enforcement provisions under the Federal Power Act and the Natural Gas Act to protect consumers from price manipulation, including by allowing the Federal Energy Regulatory Commission to temporarily or permanently ban any person from trading in energy markets if the person (1) violates those acts by manipulating the electricity or natural gas markets, or (2) files false information regarding those markets.
This bill, the Energy Consumer Protection Act of 2026, strengthens enforcement powers for the Federal Energy Regulatory Commission (FERC) to protect consumers in the electricity and natural gas markets. It allows FERC to ban companies or individuals who violate reporting rules or engage in deceptive practices from buying or selling energy and related services. The legislation also adds specific penalties for knowingly submitting false information about natural gas prices or availability to federal agencies. These changes apply to utilities, energy traders, and other market participants regulated by FERC.
The LNG Export Security Act amends the Natural Gas Act to redefine 'public interest' when evaluating natural gas projects. This change requires federal officials to explicitly consider the development of U.S. gas facilities, domestic supply levels, economic interests, and national security. The bill directly affects regulators and companies involved in natural gas exports by adding specific criteria they must weigh in their decisions.
This resolution provides for the consideration of the bill (H.R. 4690) to amend the Energy Conservation and Production Act to repeal certain Federal building energy efficiency performance standards, and for other purposes; providing for consideration of the resolution (H. Res. 1182) expressing support for rural communities across the United States as stewards of the environment, major suppliers of United States energy resources, critical providers of food production and manufacturing capacity, and drivers of national economic stability, and recognizing the work of the House of Representatives in the 119th Congress in support of those vital communities; providing for consideration of the bill (H.R. 1897) to amend the Endangered Species Act of 1973 to optimize conservation through resource prioritization, incentivize wildlife conservation on private lands, provide for greater incentives to recover listed species, create greater transparency and accountability in recovering listed species, streamline the permitting process, eliminate barriers to conservation, and restore congressional intent; and providing for consideration of the bill (H.R. 5587) to amend the Geothermal Steam Act of 1970 to waive the requirement for a Federal drilling permit for certain activities, to exempt certain activities from the requirements of the National Environmental Policy Act of 1969, and for other purposes.
This bill, titled the "End Polluter Welfare for Enhanced Oil Recovery Act of 2026," eliminates federal tax credits related to enhanced oil recovery (EOR). It directly affects oil and gas companies that utilize or plan to utilize EOR methods. Specifically, the bill strikes Section 43 of the Internal Revenue Code, thereby ending the existing Enhanced Oil Recovery Credit. Furthermore, for new facilities constructed after the bill's enactment, it removes eligibility for the carbon capture tax credit (Section 45Q) when captured carbon oxide is used for enhanced oil recovery. These changes discontinue tax incentives that support specific oil extraction techniques.
