End Polluter Welfare for Enhanced Oil Recovery Act of 2026
Sen. Merkley Introduces the End Polluter Welfare for Enhanced Oil Recovery Act
This bill was introduced in the Senate and is currently being reviewed by the Committee on Finance. It is in the early stages of the legislative process and has no upcoming votes scheduled. The bill is considered active as it waits for further action from the committee.
Legislative Progress
This bill is led by progressive Democrats and faces heavy opposition from the oil industry and lawmakers from energy-producing states.
Key Points
Impact Analysis
Personal Impact
Small and mid-sized oil producers that rely on enhanced oil recovery techniques to keep aging wells productive would lose two key tax credits. These operators often have tighter margins than major oil companies and depend more heavily on the Enhanced Oil Recovery Credit and the 45Q credit to make CO2 injection projects financially viable. Losing these subsidies could force some smaller operators to shut down marginal wells.
“Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking section 43.”
State Impacts
Milestones
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
End Polluter Welfare for Enhanced Oil Recovery Act of 2026
Data Sources
Sponsor
Cosponsors
(5)Analysis generated by AI. Always verify with official sources.