United States 119th Congress Status: In Committee 7 R cosponsors

S 4604 — Protecting America’s Small Oil and Gas Producers and Rural Jobs Act

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

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced May 20, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 26% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 7 sponsors

    1 primary, 6 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (7 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill modifies tax rules for oil and gas depletion allowances.

This bill amends the Internal Revenue Code to change certain depletion rules for marginal oil and gas properties, including increasing depletion rates and changing the quantity calculation. The changes will take effect for taxable years starting after December 31, 2026.

What this means for you
  • Small Business: This could provide tax benefits to small oil and gas producers by allowing greater depletion allowances.

Bill Text

Action History

  1. Introduced in Senate

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

Sponsors

Sponsorship breakdown

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1 sponsors · 6 co-sponsors · 540 not signed on

Sponsors (1)

Co-sponsors (6)

Not signed on (540)

540 members have not signed on to this bill.

Show all 540 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation labor energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors S 4604?
S 4604 is sponsored by Cassidy, Bill (Republican), Moran, Jerry (Republican), Lankford, James (Republican), Daines, Steve (Republican), Moreno, Bernie (Republican), Ricketts, Pete (Republican), and Marshall, Roger (Republican).
What is the current status of S 4604?
This bill is in committee in the Senate. Introduced May 20, 2026. It must pass committee before a floor vote.
Where can I track S 4604?
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Last checked for changes 2 months ago · updated continuously

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