Energy for America’s Economic Future Act
Introduced Jan 21, 2025 by Sen. Eric Schmitt
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill establishes a fund to reduce the principal of the federal debt. Each fiscal quarter, 25% of the total revenue generated by activities relating to advancing artificial intelligence infrastructure in the United States as well as 25% of the total revenue generated by federal oil and gas lease sales must be deposited into the fund. Total revenue includes bonus bid amounts collected at the time of an oil or gas lease sale, as well as royalties, rental payments, and fees accrued over the life of the lease that were disbursed to the Treasury as miscellaneous receipts.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.