119th Congress Energy
S. 168: Energy for America’s Economic Future Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
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Amendments
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Other bills by Eric Schmitt
History
- Introduced in the Senate by Eric Schmitt.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Energy and Natural Resources.