119th Congress · introduced in the Senate · Jan 21, 2025
Energy for America’s Economic Future Act
Official title from Congress.gov
Latest action (Jan 21, 2025): Read twice and referred to the Committee on Energy and Natural Resources.
View on Congress.govPolicy area: Energy
Congressional Research Service summary, version: Introduced in Senate (Jan 21, 2025)
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.
No cosponsors.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Read twice and referred to the Committee on Energy and Natural Resources.
Introduced in Senate
Actions from Congress.gov, newest first.
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