119th Congress
S. 168
Energy for America’s Economic Future Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Eric Schmitt(R-MO)
- Introduced
- Jan 21, 2025
- Policy area
- Energy
- Committees
- Senate Committee on Energy and Natural Resources
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (0)
No cosponsors.
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” version
Energy for America’s Economic Future Act
This bill establishes a fund to reduce the principal of the federal debt. Each fiscal quarter, 25% of the total revenue generated by activities relating to advancing artificial intelligence infrastructure in the United States as well as 25% of the total revenue generated by federal oil and gas lease sales must be deposited into the fund. Total revenue includes bonus bid amounts collected at the time of an oil or gas lease sale, as well as royalties, rental payments, and fees accrued over the life of the lease that were disbursed to the Treasury as miscellaneous receipts.
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 21, 2025 · Senate
Read twice and referred to the Committee on Energy and Natural Resources. - Jan 21, 2025
Introduced in Senate