What does Preamble of End Polluter Welfare Act of 2025 do?

This bill aims to eliminate certain subsidies for fossil-fuel production. The bill was introduced in the House of Representatives. It was referred to multiple committees for consideration.

What does SHORT TITLE. of End Polluter Welfare Act of 2025 do?

This bill is formally titled End Polluter Welfare Act of 2025

What does DEFINITION OF FOSSIL FUEL. of End Polluter Welfare Act of 2025 do?

This section defines the term 'fossil fuel' as it is used within the Act. Fossil fuel is defined to include coal, petroleum, and natural gas. Derivatives of coal, petroleum, or natural gas used for fuel are also considered fossil fuels.

What does ROYALTY RELIEF. of End Polluter Welfare Act of 2025 do?

This section modifies the Outer Continental Shelf Lands Act by striking subparagraph (B) of section 8(a)(3) and redesignating subparagraph (C) as subparagraph (B). This section repeals section 344 of the Energy Policy Act of 2005, which concerns incentives for natural gas production from deep wells in the shallow waters of the Gulf of Mexico. This section also repeals section 345 of the Energy Policy Act of 2005, which concerns deep water production.

What does ROYALTIES UNDER MINERAL LEASING ACT. of End Polluter Welfare Act of 2025 do?

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What does OFFSHORE OIL AND GAS ROYALTY RATE. of End Polluter Welfare Act of 2025 do?

This section amends Section 8(a)(1) of the Outer Continental Shelf Lands Act. The amendment modifies the offshore oil and gas royalty rate. The royalty rate is changed from a range of 16 2/3 percent to 18 3/4 percent.

What does ELIMINATION OF INTEREST PAYMENTS FOR ROYALTY OVERPAYMENTS. of End Polluter Welfare Act of 2025 do?

This section amends the Federal Oil and Gas Royalty Management Act of 1982. The amendment adds a provision that prohibits the payment of interest on royalty overpayments.

What does REMOVAL OF LIMITS ON LIABILITY FOR OFFSHORE FACILITIES AND of End Polluter Welfare Act of 2025 do?

This section amends Section 1004(a) of the Oil Pollution Act of 1990. It removes the $75,000,000 limit on liability for responsible parties under section 1002. It clarifies that the liability limits for onshore facilities do not apply to onshore pipelines transporting diluted bitumen, bituminous mixtures, or any oil manufactured from bitumen. It establishes a liability limit under section 1002 for onshore facilities transporting diluted bitumen, bituminous mixtures, or any oil manufactured from bitumen.

What does RESTRICTIONS ON USE OF APPROPRIATED FUNDS BY INTERNATIONAL of End Polluter Welfare Act of 2025 do?

This section defines "international financial institution" to include institutions listed in section 1701(c) of the International Financial Institutions Act and the North American Development Bank. It establishes a rescission of unobligated funds if an international financial institution provides support for a project supporting fossil fuel production or use. The rescission amount is determined by the Secretary of the Treasury to be equivalent to the institution’s support for such a project. Future U.S. contributions to international financial institutions are contingent on the institution’s agreement not to use those funds to support fossil fuel projects.

What does OFFICE OF FOSSIL ENERGY AND CARBON MANAGEMENT. of End Polluter Welfare Act of 2025 do?

This section terminates the authority of the Secretary of Energy to carry out the Office of Fossil Energy and Carbon Management (OFECM) within the Department of Energy. Any unobligated funds for OFECM are rescinded upon enactment of this Act. No new funds can be expended for OFECM after enactment, except for costs associated with terminating ongoing research, as determined by the Secretary of Energy in consultation with other federal agencies.