Natural Gas Tax Repeal Act
Natural Gas Tax Repeal Act
Plain Language Summary
# Natural Gas Tax Repeal Act Summary **What the Bill Would Do** This bill would eliminate two federal programs related to natural gas and methane emissions. First, it would end an EPA program that helps the oil and gas industry reduce methane leaks from their operations. Second, it would repeal a tax charge (called a methane emissions fee) that applies to large oil and gas facilities that emit significant amounts of greenhouse gases. **Who It Affects** The bill primarily affects oil and gas companies, particularly larger operations that currently pay the methane emissions fee.
It would also impact the EPA's ability to fund methane reduction efforts in the energy sector. Potentially, it could affect consumers' energy costs and the government's climate change initiatives, though the extent depends on how these programs currently influence market prices and emissions. **Current Status** The bill was introduced by Senator Ted Cruz (R-TX) in the 119th Congress and is currently in committee, meaning it has not yet been voted on by the full Senate. It has not advanced beyond the initial review stage.
CRS Official Summary
Natural Gas Tax Repeal ActThis bill eliminates a program administered by the Environmental Protection Agency that provides support for reducing methane emissions from the oil and gas sector. It also repeals a charge on methane emissions from facilities that contain petroleum and natural gas systems and emit 25,000 metric tons or more of greenhouse gases per year.
Latest Action
Read twice and referred to the Committee on Environment and Public Works.