This resolution condemns state policies that limit domestic oil production and refining capacity, arguing that such restrictions raise gasoline prices and harm national security. It specifically cites states like California as examples where these regulations have led to higher fuel costs for consumers and increased expenses for the Department of Defense. The text warns against similar federal restrictions and encourages policies that support domestic energy development to ensure affordable fuel for American families and military readiness.
Energy and Water Development and Related Agencies Appropriations Act, 2027 This bill provides FY2027 appropriations for U.S. Army Corps of Engineers civil works projects, the Department of the Interior's Bureau of Reclamation, the Department of Energy (DOE), and several independent agencies. The bill provides appropriations for U.S. Army Corps of Engineers civil works projects, including for Investigations, Construction, Mississippi River and Tributaries, Operation and Maintenance, the Regulatory Program, Flood Control and Coastal Emergencies, Expenses, the Office of the Assistant Secretary of the Army for Civil Works, and the Water Infrastructure Finance and Innovation Program. The bill provides appropriations to the Department of the Interior for the Central Utah Project and the Bureau of Reclamation. The bill provides appropriations to DOE for energy programs, including Critical Minerals and Energy Innovation; Cybersecurity, Energy Security, and Emergency Response; Electricity; Nuclear Energy; Hydrocarbons and Geothermal Energy; Naval Petroleum and Oil Shale Reserves; the Strategic Petroleum Reserve; the Northeast Home Heating Oil Reserve; the Energy Information Administration; Non-Defense Environmental Cleanup; the Uranium Enrichment Decontamination and Decommissioning Fund; Science; Nuclear Waste Disposal; the Advanced Research Projects Agency—Energy; the Title 17 Innovative Technology Loan Guarantee Program; the Advanced Technology Vehicles Manufacturing Loan Program; the Tribal Energy Loan Guarantee Program; Indian Energy Policy and Programs; Departmental Administration; and the Office of the Inspector General. The bill also provides appropriations to DOE for Atomic Energy Defense Activities of the National Nuclear Security Administration, Environmental and Other Defense Activities, and the Power Marketing Administrations. The bill provides appropriations to several independent agencies, including the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission. The bill also sets forth requirements and restrictions for using funds provided by this and other appropriations acts.
The Geothermal Cost-Recovery Authority Act of 2026 allows the Department of the Interior to charge geothermal lease applicants and holders for administrative costs related to processing applications and monitoring activities such as drilling and site construction. Effective upon enactment, this authority applies through September 30, 2032, and covers expenses incurred during the review of permits and the inspection of exploration, drilling, and facility operations. While the Secretary of the Interior has the power to require full reimbursement, they must consider existing cost-sharing agreements and may reduce charges if full payment would cause economic hardship or hinder resource development. Any funds collected under this program must be used specifically to cover the same administrative and monitoring costs listed in the bill. Additionally, the Act requires a report to be submitted five years after enactment to assess the program's impact and recommend future updates.
The Protecting America's Small Oil and Gas Producers and Rural Jobs Act modifies federal tax rules to provide financial incentives for small oil and gas producers. It increases the percentage of income that can be deducted for taxes on marginal oil properties and removes a specific income limit that restricts these deductions. Additionally, the bill raises the threshold for counting oil as depletable from 1,000 to 2,000 barrels per well. These tax changes are designed to take effect for taxable years beginning after December 31, 2026.
This Senate resolution formally designates May 2026 as Renewable Fuels Month to honor the contributions of biofuels like ethanol and biodiesel. The bill highlights how these fuels support rural economies, create jobs, and reduce the nation's dependence on foreign oil. It also notes the environmental benefits, such as lower greenhouse gas emissions and improved air quality, without imposing any new laws or regulations.
The Offshore Parity Act of 2026 grants the states of Louisiana, Mississippi, and Alabama greater control over offshore resources by expanding their jurisdiction to three marine leagues in the Gulf of Mexico. Under this bill, the Secretary of the Interior would delegate authority to these states to manage oil, gas, and other energy activities on the newly included lands, provided the states demonstrate they have the resources and administrative capacity to do so. The legislation also allows these states to set their own rental rates and royalties for new leases while retaining federal oversight for endangered species and national security matters. Additionally, the act extends state management powers to fisheries in the same expanded area, enabling local oversight of fishing resources within these new boundaries.
This bill increases the corporate tax rate on stock buybacks to 25 percent for large oil and gas companies that meet specific revenue and operational criteria. It targets corporations with an average annual gross receipt of at least $1 billion that are primarily engaged in producing, refining, processing, transporting, or distributing oil or natural gas. The higher tax rate applies only to stock repurchases made after the bill is enacted and before gasoline prices fall below $2.937 per gallon for five consecutive weeks. If gasoline prices drop below this threshold, the special tax provision ceases to apply, and companies may claim a partial reduction in their tax liability based on the duration of the high-price period.
This bill, the Protect Domestic Oil and Gas Small Business Act of 2026, exempts small oil and gas wells from certain federal air quality standards and reporting requirements under the Clean Air Act. It defines a "marginal well" as one producing 15 barrels of oil or less per day, or 90,000 cubic feet of natural gas or less per day, and removes obligations for monitoring, leak detection, and emissions testing for these sites. The legislation also mandates that the EPA approve state plans excluding marginal wells within 180 days and must terminate any ongoing enforcement actions against such wells. Additionally, the EPA is required to update its regulations within 180 days of the bill's enactment to implement these new exemptions.
The Next-Generation Geothermal Research and Development Act expands federal geothermal research to include advanced technologies like closed-loop and supercritical systems. It directs the Department of Energy to create a new research program, establish a center of excellence, and award grants for developing drilling equipment and materials needed for these systems. The bill also requires the creation of a public database for geothermal data and mandates periodic reports on water usage and the commercial potential of next-generation geothermal energy.
Energy Consumer Protection Act of 2026 This bill expands enforcement provisions under the Federal Power Act and the Natural Gas Act to protect consumers from price manipulation, including by allowing the Federal Energy Regulatory Commission to temporarily or permanently ban any person from trading in energy markets if the person (1) violates those acts by manipulating the electricity or natural gas markets, or (2) files false information regarding those markets.
