Oil companies would pay a new fee on high profits to fund roads, transit, and environmental cleanup.
This bill would create a new 50 percent fee on "excess profits" made by large, integrated oil companies. The money collected would help pay for highway projects, public transportation, and cleaning up leaking underground fuel tanks. This means more funds for these public services, starting in 2026.
Currently, large, integrated oil companies do not pay a specific federal fee on their "excess profits." Also, there isn't a direct way for such a fee to fund the Highway Trust Fund, Mass Transit Account, or Leaking Underground Storage Tank Trust Fund. If this bill becomes law, these companies would pay a new 50 percent fee on their "excess profits" starting in 2026. This money would then be used to boost funding for roads, public transit, and environmental cleanup efforts.
S 5569 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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