S168Referred to Committee
Energy for America’s Economic Future Act
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-01-21
Introduced
0
Cosponsors
S
ⓘType
Sponsor
Eric Schmitt
Republican · MO · Senator
Votes with party: 76.7% (904 recorded votes)
Top industries funding sponsor:
- Conservative Groups$1,449k
Full profile: /officials/S001227
Source: Congress.gov · FEC
Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.
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.
2025-01-21
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Energy and Natural ResourcesReferred To · 2025-01-21
Plain-English Summary
Energy for America’s Economic Future Act 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.
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
Subjects
Energy
Full bill text is not yet cached locally.
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