BillsHH.R. 662

Promoting Domestic Energy Production Act

119th CongressIntroduced January 23, 2025Rep. Carey, Mike [R-OH-15]· OH-15

Stage

In committee

Latest action

Referred to the House Committee on Ways and Means.

January 23, 2025

Summary

Promoting Domestic Energy Production Act This bill allows corporations to reduce their adjusted financial statement income to account for certain intangible costs related to oil, gas, or geothermal

Committees

PrimaryWays and Means Committee

Action history

January 23, 2025Introduced in House
January 23, 2025Introduced in House
January 23, 2025Referred to the House Committee on Ways and Means.

Cosponsors (42)

Rep. Babin, Brian [R-TX-36]TX-36
Rep. Balderson, Troy [R-OH-12]OH-12
Rep. Cole, Tom [R-OK-4]OK-04
Rep. Crenshaw, Dan [R-TX-2]TX-02
Rep. Cuellar, Henry [D-TX-28]TX-28
Rep. Davidson, Warren [R-OH-8]OH-08
Rep. Ellzey, Jake [R-TX-6]TX-06
Rep. Evans, Gabe [R-CO-8]CO-08
Rep. Fallon, Pat [R-TX-4]TX-04
Rep. Goldman, Craig [R-TX-12]TX-12
Rep. Gonzalez, Vicente [D-TX-34]TX-34
Rep. Hern, Kevin [R-OK-1]OK-01
Rep. Hunt, Wesley [R-TX-38]TX-38
Rep. LaHood, Darin [R-IL-16]IL-16
Rep. Langworthy, Nicholas A. [R-NY-23]NY-23
Rep. Malliotakis, Nicole [R-NY-11]NY-11
Rep. Mann, Tracey [R-KS-1]KS-01
Rep. McDowell, Addison [R-NC-6]NC-06
Rep. Meuser, Daniel [R-PA-9]PA-09
Rep. Miller, Carol D. [R-WV-1]WV-01
Rep. Miller, Mary E. [R-IL-15]IL-15
Rep. Miller, Max L. [R-OH-7]OH-07
Rep. Murphy, Gregory F. [R-NC-3]NC-03
Rep. Newhouse, Dan [R-WA-4]WA-04
Rep. Rulli, Michael A. [R-OH-6]OH-06
Rep. Tenney, Claudia [R-NY-24]NY-24
Rep. Thompson, Glenn [R-PA-15]PA-15
Rep. Van Duyne, Beth [R-TX-24]TX-24
Rep. Veasey, Marc A. [D-TX-33]TX-33
Rep. Weber, Randy K. Sr. [R-TX-14]TX-14
Rep. Williams, Roger [R-TX-25]TX-25
Rep. Zinke, Ryan K. [R-MT-1]MT-01
Rep. Amodei, Mark E. [R-NV-2]NV-02
Rep. Estes, Ron [R-KS-4]KS-04
Rep. Lawler, Michael [R-NY-17]NY-17
Rep. Mills, Cory [R-FL-7]FL-07
Rep. Pfluger, August [R-TX-11]TX-11
Rep. Steube, W. Gregory [R-FL-17]FL-17
Rep. Bice, Stephanie I. [R-OK-5]OK-05
Rep. Latta, Robert E. [R-OH-5]OH-05
Rep. Taylor, David [R-OH-2]OH-02
Rep. Moran, Nathaniel [R-TX-1]TX-01

Text versions

Introduced in House
January 23, 2025
HTML ↗︎PDF ↗︎XML ↗︎

Related bills

S. 224identical
Promoting Domestic Energy Production Act
H.R. 1related
An act to provide for reconciliation pursuant to title II of H. Con. Res. 14.