Energy (Oil & Gas)

This bill, the Energy Consumer Protection Act of 2026, strengthens enforcement powers for the Federal Energy Regulatory Commission (FERC) to protect consumers in the electricity and natural gas markets. It allows FERC to ban companies or individuals who violate reporting rules or engage in deceptive practices from buying or selling energy and related services. The legislation also adds specific penalties for knowingly submitting false information about natural gas prices or availability to federal agencies. These changes apply to utilities, energy traders, and other market participants regulated by FERC.

The LNG Export Security Act amends the Natural Gas Act to redefine 'public interest' when evaluating natural gas projects. This change requires federal officials to explicitly consider the development of U.S. gas facilities, domestic supply levels, economic interests, and national security. The bill directly affects regulators and companies involved in natural gas exports by adding specific criteria they must weigh in their decisions.

This resolution provides for the consideration of the bill (H.R. 4690) to amend the Energy Conservation and Production Act to repeal certain Federal building energy efficiency performance standards, and for other purposes; providing for consideration of the resolution (H. Res. 1182) expressing support for rural communities across the United States as stewards of the environment, major suppliers of United States energy resources, critical providers of food production and manufacturing capacity, and drivers of national economic stability, and recognizing the work of the House of Representatives in the 119th Congress in support of those vital communities; providing for consideration of the bill (H.R. 1897) to amend the Endangered Species Act of 1973 to optimize conservation through resource prioritization, incentivize wildlife conservation on private lands, provide for greater incentives to recover listed species, create greater transparency and accountability in recovering listed species, streamline the permitting process, eliminate barriers to conservation, and restore congressional intent; and providing for consideration of the bill (H.R. 5587) to amend the Geothermal Steam Act of 1970 to waive the requirement for a Federal drilling permit for certain activities, to exempt certain activities from the requirements of the National Environmental Policy Act of 1969, and for other purposes.

This bill, titled the "End Polluter Welfare for Enhanced Oil Recovery Act of 2026," eliminates federal tax credits related to enhanced oil recovery (EOR). It directly affects oil and gas companies that utilize or plan to utilize EOR methods. Specifically, the bill strikes Section 43 of the Internal Revenue Code, thereby ending the existing Enhanced Oil Recovery Credit. Furthermore, for new facilities constructed after the bill's enactment, it removes eligibility for the carbon capture tax credit (Section 45Q) when captured carbon oxide is used for enhanced oil recovery. These changes discontinue tax incentives that support specific oil extraction techniques.

Gasoline Export Ban Act of 2026 This bill prohibits the exportation of gasoline produced in the United States during certain periods of high gasoline prices. Specifically, the bill directs the President to prohibit the exportation of gasoline produced in the United States during periods when the average price for gasoline in the United States has been equal to or higher than $3.12 per gallon for each of the preceding seven days. The President may exempt from the prohibition exports of gasoline as the President determines to be consistent with the national interest and the purposes of the bill.

This bill establishes a new excise tax on crude oil extracted or imported by large oil companies and uses the revenue to provide rebates to eligible consumers. The tax would be imposed on companies that extract or import over 300,000 barrels of crude oil per day, at a rate of 50% of the difference between the current Brent crude oil price and a 2025 baseline price, adjusted for inflation. All revenue from this tax would be deposited into a new "Protect Consumers from Gas Hikes Fund." This fund would then be used to provide refundable tax credits, or rebates, to eligible individuals, with the rebate amount determined by the Secretary based on fund revenues and the number of eligible individuals. These rebates would be phased out for individuals with adjusted gross incomes exceeding certain thresholds, such as $150,000 for joint filers.

This bill, the American LNG First Act of 2026, modifies U.S. maritime laws to allow foreign-owned vessels to transport liquefied natural gas (LNG) within U.S. waters, provided they meet specific ownership and crew restrictions. It directly affects ship operators and the LNG industry by creating an exemption from coastwise laws that typically require vessels transporting domestic goods to be U.S.-built and U.S.-flagged. The key provision excludes vessels owned or crewed by Russian or Chinese nationals, as well as those flagged to Russia or China, from this exemption. By allowing eligible foreign vessels to carry LNG while maintaining restrictions on Russian and Chinese entities, the bill aims to increase supply options without opening access to competitors from sanctioned countries.

This bill targets Hungarian officials who continue to facilitate Russian oil and gas imports or block financial aid to Ukraine, imposing sanctions on those individuals. The key mechanism requires the President to ban property transactions and revoke U.S. visas for Hungarian government officials who obstruct Ukraine assistance or approve Russian energy imports after the law is enacted. Sanctions can be waived if Hungary adopts a public plan to end Russian energy dependence by 2028 and stops blocking Ukraine aid for at least 180 days. Additionally, the bill mandates a report from Treasury and State officials detailing any U.S. licenses or approvals that enabled Hungary to purchase Russian oil and gas.

This bill, the End Polluter Welfare for Enhanced Oil Recovery Act of 2026, removes tax incentives for enhanced oil recovery projects that use carbon dioxide as an injectant. It directly affects oil and gas companies and energy producers who build qualified facilities after the law is enacted. The legislation eliminates the tax credit for carbon capture and storage when the captured carbon dioxide is used to extract more oil from existing wells. Additionally, the bill repeals the federal enhanced oil recovery tax credit that previously allowed companies to deduct certain costs related to extracting additional oil from mature wells. These changes apply to taxable years beginning after the bill is enacted.

This bill establishes a new Refined Fuel Storage Reserve in eight Western States to store gasoline, diesel, and jet fuel as part of the national Strategic Petroleum Reserve. The Energy Department must identify and select one storage location within six months of enactment, prioritizing areas dependent on imported fuel or likely to face shortages, and must fill the reserve to at least 75 percent capacity over five years using existing federal funding. The reserve can be used during emergencies or supply disruptions, and the Energy Secretary may partner with state and local governments to store non-federal fuel in the facility. The bill also requires annual reports to Congress on the reserve's establishment, operations, and future recommendations.