Empower Energy Exporting Communities Act

This bill would create a new federal trust fund called the Oil and Gas Community Trust Fund. The fund would receive an amount equal to 3 percent of the federal corporate income tax revenue paid by companies that earn a significant portion of their income from producing, refining, processing, transporting, or distributing oil or gas. The Treasury Secretary could use the money, without further approval from Congress, to pay counties, parishes, cities, and Tribal communities located within 50 miles of a major oil or gas export port for infrastructure and public services. Each port region's share of the money would be capped based on its share of the nation's total oil and gas exports.

Full text and official record on Congress.gov

Sponsors

• Vicente Gonzalez Democrat sponsor
• 1 cosponsors