United States 114th Congress Status: Died 1 I cosponsors

S 1041 — End Polluter Welfare Act of 2015

Last action — Read twice and referred to the Committee on Finance.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

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.

Bill Text

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Read S 1041 on the official United States source →

Action History

  1. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

Accounting and auditing Agricultural prices, subsidies, credit Alternative and renewable resources Business investment and capital Capital gains tax Climate change and greenhouse gases Coal Congressional oversight Department of Energy Electric power generation and transmission 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 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 Appropriations Public utilities and utility rates Energy
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Frequently asked questions

What does S 1041 do?
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.
Who sponsors S 1041?
S 1041 is sponsored by Bernard Sanders (I).
What is the current status of S 1041?
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 1041?
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