Energy for America’s Economic Future Act

This bill creates a Debt Reduction Fund that redirects 25% of revenue from federal oil and gas lease sales (including royalties, fees, and rentals) into the U.S. Treasury. The fund’s money must be used solely to reduce the national debt by purchasing public-held Treasury securities. The Treasury must report quarterly to Congress on the specific debt instruments redeemed and the resulting debt reduction. It affects how federal lease revenue is allocated but does not change the process of leasing oil and gas lands.