S1030Referred to Committee

Stop Giving Big Oil Free Money Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-03-13
Introduced
4
Cosponsors
S
ⓘ
Type

Sponsor

Edward J. Markey
Edward J. Markey
Democrat · MA · Senator
Votes with party: 85.3% (852 recorded votes)

Full profile: /officials/M000133

Source: Congress.gov · FEC

Cosponsors (4)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Energy and Natural Resources.

2025-03-13

Source: Congress.gov

Plain-English Summary

This bill would eliminate or reduce federal tax breaks and subsidies that currently benefit large oil and gas companies, redirecting that money elsewhere in the federal budget. The change would affect major energy corporations by removing special tax deductions and financial advantages they've received, potentially lowering their profits while increasing government revenue. The bill aims to level the playing field between fossil fuel companies and other industries that don't receive similar government support.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Energy
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