S 168 · in committee · significant
Energy for America’s Economic Future Act
- economy
What this bill does
- This bill creates a fund to pay down federal debt using revenue from AI infrastructure and oil/gas leases.
- The fund receives 25% of quarterly revenue from federal oil and gas sales and AI infrastructure activities.
- Revenue deposited includes lease bonuses, royalties, rental payments, and fees collected by the Treasury.
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Community Threads
Started by Cosponsor
- 01
How would directing oil and gas lease revenue toward debt reduction affect federal funding for clean energy programs currently supported by Interior Department budgets?
- 02
What specific activities count as 'AI infrastructure' for revenue collection purposes, and how would the government measure or audit these contributions?
- 03
If oil and gas revenues decline due to market shifts or reduced leasing, what spending or other revenue sources would compensate for the lost debt-reduction deposits?
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Sponsor · R-MO
Eric Schmitt
Citizen cosponsors
0
In Congress
0/ 100
Senators cosponsoring
Introduced 2025-01-21
Legislative timeline
2025-01-21 · senate · IntroReferral
Read twice and referred to the Committee on Energy and Natural Resources.
2025-01-21 · IntroReferral
Introduced in Senate
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