Bills · S 4222
IN COMMITTEE· 119TH CONGRESS
Senate BillS 4222Taxation
End Polluter Welfare for Enhanced Oil Recovery Act of 2026
This bill removes tax breaks for oil companies that use advanced drilling techniques and carbon capture to increase oil production.AI-written
INTRO MAR 26· LAST ACTION MAR 26
PASSAGE CHANCESLONG SHOT
5%
READING
3MIN
COSPONSORS
5
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
tl;dr
AI-writtenEliminates federal tax credits for oil companies that use captured carbon to extract more oil from the ground, aiming to end government subsidies for fossil fuel production.
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenCurrently, U.S. tax law creates a paradox: it gives credits for 'capturing' carbon to help the climate, but allows companies to use that carbon to drill for more oil. Supporters of this bill believe tax dollars should not subsidize fossil fuel production. If this becomes law, it could speed up the transition away from oil by making it more expensive to drill, but critics worry it could also lead to higher energy prices or less investment in the very technology needed to clean up the atmosphere.
KEY PROVISIONS
3AI-extractedPROVISION 01
Eliminates the Section 45Q tax credit for carbon oxide used to recover oil at new facilities.
This ensures that new carbon capture projects cannot claim environmental tax credits if the end goal is producing more oil.
PROVISION 02
Repeals the Section 43 Enhanced Oil Recovery Credit entirely.
This removes a long-standing direct subsidy that helped oil companies offset the high costs of advanced drilling techniques.
PROVISION 03
Updates the Internal Revenue Code to remove references and links to these expired credits.
These technical changes prevent companies from using legal loopholes or other tax sections to claim similar benefits.
SPONSORSHIP
1 + 5
D· Oregon
YRS IN OFFICE
17
BILLS LED
128
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 4 REP 0 IND 1
ACTION TIMELINE
2 EVENTSMAR 26
Introduced in Senate
MAR 26
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 4222
Congress119th
StatusIn Committee
IntroducedMar 26, 2026
Last actionMar 26, 2026
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED MAR 26, 2026
Senate BillS 4222Taxation
End Polluter Welfare for Enhanced Oil Recovery Act of 2026
This bill removes tax breaks for oil companies that use advanced drilling techniques and carbon capture to increase oil production.AI-written
INTRODUCED MAR 26, 2026· LAST ACTION MAR 26, 2026
PASSAGE CHANCES
5%
READING
3 min
COSPONSORS
5
COMPLEXITY
Moderate
