Proposed
Bill · 119th Congress · HR 5983
National Resilience and Recovery Fund Act
Refreshed 3 h ago
Introduced 2025-11-07Topic: taxes · energy · public safetySummary
AI-generated summary, report an errorThis bill would create a National Resilience and Recovery Fund in the U.S. Treasury, paid for by new and expanded taxes on oil and gas. FEMA could use the money, as provided in appropriation laws, for four disaster mitigation programs, including hazard mitigation grants and flood mitigation assistance. The bill would add a 10-cent-per-barrel tax on crude oil and imported petroleum products and would count oil from tar sands and oil shale as crude oil for this tax. It would place a quarterly tax on large oil producers and importers equal to 50 percent of the amount by which Brent crude prices exceed their 2015–2019 average. It would also tax oil and natural gas from federal offshore leases in the Gulf of Mexico at 13 percent of the sale price, minus federal royalties paid.
Sponsors
- Melanie A. Stansbury Democrat sponsor
- 6 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-11-08 | House | Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. | refer |
| 2025-11-07 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2025-11-07 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2025-11-07 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2025-11-07 | Introduced in House | introduce | |
| 2025-11-07 | Introduced in House | introduce |