Energy for America’s Economic Future Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedJan 21, 2025
Read twice and referred to the Committee on Energy and Natural Resources.
Who’s behind it
- Introduced in SenateJan 21, 2025
- Jan 21, 2025IntroReferral
Read twice and referred to the Committee on Energy and Natural Resources.
Energy and Natural Resources Committee - Jan 21, 2025IntroReferral10000
Introduced in Senate