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© 2026 Govwatch

S1030Referred to Committee

Stop Giving Big Oil Free Money Act

Share:
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: 67.0% (321 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.

  • Bernard Sanders (I-VT)Original· 2025-03-13
  • Chris Van Hollen (D-MD)Original· 2025-03-13
  • Jeff Merkley (D-OR)Original· 2025-03-13
  • Peter Welch (D-VT)Original· 2025-03-13

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
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S4625A bill to amend the Older Americans Act of 1965 to establish the Office of LGBTQI Inclusion and a rural outreach grant program, and for other purposes.
    Referred to Committee · 2026-05-21
  • S236A bill to amend the Act of August 9, 1955 (commonly known as the "Long-Term Leasing Act"), to authorize leases of up to 99 years for land in the Mashpee Wampanoag Tribe Reservation and land held in trust for the Wampanoag Tribe of Gay Head (Aquinnah), and for other purposes.
    Referred to Committee · 2026-05-20
  • S4495Reactors at Risk Act of 2026
    Referred to Committee · 2026-05-12
  • S2232Expanding the Surety Bond Program Act of 2025
    Passed Senate · 2026-05-04