US HB1930 | 2015-2016 | 114th Congress

Status

Sponsorship: Partisan Bill (Democrat 3)
Status: Introduced on April 22 2015 - 25% progression, died in committee
Action: 2015-08-18 - Referred to the Subcommittee on Environment.
Pending: House Subcommittee on Environment Committee
Text: Latest bill text (Introduced) [PDF]

Summary

End Polluter Welfare Act of 2015 Amends the Outer Continental Shelf Lands Act and the Energy Policy Act of 2005 to repeal the authority of the Department of the Interior to reduce or eliminate royalty payments for oil and natural gas leases in the Outer Continental Shelf. Amends the Mineral Leasing Act to increase minimum royalty payments for coal, oil, and natural gas leases. Amends the Federal Oil and Gas Royalty Management Act of 1982 to prohibit payment of interest upon any overpayment of royalties. Amends the Oil Pollution Act to eliminate the limitation on liability for offshore facilities and pipeline operators for oil spills. Rescinds all unobligated balances made available to the World Bank, the Overseas Private Investment Corporation (OPIC), the Export-Import Bank, the Advanced Research Projects Agency in the Department of Energy (DOE), and other international financing entities to carry out any project that supports power plants that operate on fossil fuel (i.e., coal, petroleum, natural gas, or any derivatives used for fuel). Exempts from such rescission any fossil-fueled power plant project located in a Least Developed Country if no other economically feasible alternative exists, and the project uses the most efficient technology available. Terminates the Office of Fossil Energy Research and Development in DOE and related implementation authority. Prohibits the Department of Agriculture from making loans under the Rural Electrification Act of 1936 to carry out projects that will use fossil fuel. Prohibits the use of Department of Transportation funds to award any grant or other direct assistance to any rail or port project that transports fossil fuel. Amends the Internal Revenue Code to: (1) limit or repeal provisions allowing tax incentives for investment in fossil fuels, (2) increase the Oil Spill Liability Trust Fund financing rate, and (3) impose a 13% tax on the removal price of any taxable crude oil or natural gas from the Outer Continental Shelf in the Gulf of Mexico. Repeals the corporate income tax exemption for publicly traded partnerships with qualifying income and gains from activities relating to fossil fuels. Designates the Powder River Basin in southeast Montana and northeast Wyoming as a coal producing region. Eliminates accelerated depreciation for property that is receiving a subsidy for fossil fuel production.

Tracking Information

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Title

End Polluter Welfare Act of 2015

Sponsors


History

DateChamberAction
2015-08-18HouseReferred to the Subcommittee on Environment.
2015-05-19HouseReferred to the Subcommittee on Energy and Mineral Resources.
2015-05-15HouseReferred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2015-04-24HouseReferred to the Subcommittee on Energy and Power.
2015-04-23HouseReferred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
2015-04-22HouseReferred to House Foreign Affairs
2015-04-22HouseReferred to House Financial Services
2015-04-22HouseReferred to House Appropriations
2015-04-22HouseReferred to House Agriculture
2015-04-22HouseReferred to House Energy and Commerce
2015-04-22HouseReferred to House Science, Space, and Technology
2015-04-22HouseReferred to House Natural Resources
2015-04-22HouseReferred to House Transportation and Infrastructure
2015-04-22HouseReferred to House Ways and Means
2015-04-22HouseReferred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Natural Resources, Science, Space, and Technology, Energy and Commerce, Agriculture, Appropriations, Financial Services, and Foreign Affairs, 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.
2015-04-22HouseIntroduced in House

Same As/Similar To

SB1041 (Same As) 2015-04-22 - Read twice and referred to the Committee on Finance.

Subjects

Accounting and auditing
Agricultural prices, subsidies, credit
Alternative and renewable resources
Appropriations
Business investment and capital
Capital gains tax
Climate change and greenhouse gases
Coal
Congressional oversight
Department of Energy
Electric power generation and transmission
Energy
Energy research
Energy revenues and royalties
Environmental technology
Executive agency funding and structure
Foreign loans and debt
Government lending and loan guarantees
Government trust funds
Gulf of Mexico
Income tax credits
Income tax deductions
Interest, dividends, interest rates
Marine and coastal resources, fisheries
Marine pollution
Mining
Montana
Motor fuels
Multilateral development programs
Navigation, waterways, harbors
Oil and gas
Pipelines
Pollution liability
Public utilities and utility rates
Railroads
Research and development
Rural conditions and development
Sales and excise taxes
Securities
Tax administration and collection, taxpayers
Taxation of foreign income
Transportation programs funding
Wyoming

US Congress State Sources


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