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Promoting Domestic Energy Production Act
Legislative Progress
Momentum (last 30 days)
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vs 5,674 other S bills in the 119th — cohort avg 32d
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 well drilling and development for purposes of calculating the corporate alternative minimum tax. Under current law, a 15% corporate alternative minimum tax is imposed on a corporation with adjusted financial statement income exceeding an average of $1 billion for a consecutive three-year period (or an average of $100 million for a U.S. corporation that is part of a foreign parent multinational group if the adjusted financial statement income of such group exceeds an average of $1 billion for a consecutive three-year period). Adjusted financial statement income generally is the net income or loss reported on the corporation’s applicable financial statement for a tax year, with adjustments for specific items. This bill expands the reductions that may be made to a corporation’s adjusted financial statement income to include (1) intangible drilling and development costs incurred by an operator of a domestic oil, gas, or geothermal well that are allowed as a deduction in the current tax year when computing regular taxable income; and (2) any depletion expenses related to the intangible oil, gas, or geothermal well drilling and development costs.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (7)
2026 · third_quarter · Taxation/Internal Revenue Code
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
H. Con. Res. 14: Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Recovery Act HR 8034 - Protecting Americas Small Oil and Gas Producers and Rural Jobs Act S 4604 - Protecting Americas Small Oil and Gas Producers and Rural Jobs Act -Issues related to tax policy and impact on American oil and natural gas producers
Client expense: $120,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2026 · second_quarter · Taxation/Internal Revenue Code
H. Con. Res. 14: Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Recovery Act HR 8034 - Protecting Americas Small Oil and Gas Producers and Rural Jobs Act S 4604 - Protecting Americas Small Oil and Gas Producers and Rural Jobs Act -Issues related to tax policy and impact on American oil and natural gas producers
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2026 · first_quarter · Foreign Relations
HR 23/S. 224 Illegitimate Court Counteraction Act HR 867 IGO Anti-Boycott Act HR 348 Stop Corrupt Iranian Oligarchs and Entities Act HR 1710/S. 198 PLO and PA Terror Payments Accountability Act of 2025 HR 4397/S. 2293 Muslim Brotherhood Terrorist Designation Act HR 2570 Maximum Pressure Act HR 1422/S. 556 Enhanced Iran Sanctions Act S.J.Res. 136, 137, 138 Resolutions of disapproval affecting Israel aid
Client expense: $100,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2026 · first_quarter · Taxation/Internal Revenue Code
H. Con. Res. 14: Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Recovery Act -Issues related to tax policy and impact on American oil and natural gas producers
Client expense: $180,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2025 · fourth_quarter · Foreign Relations
HR 23/S. 224 Illegitimate Court Counteraction Act HR 867 IGO Anti-Boycott Act HR 348 Stop Corrupt Iranian Oligarchs and Entities Act HR 1710/S. 198 PLO and PA Terror Payments Accountability Act of 2025 HR 2570 Maximum Pressure Act HR 1422/S. 556 Enhanced Iran Sanctions Act
Client expense: $100,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to cost recovery provisions, including S.224/H.R. 662, Promoting Domestic Energy Production Act, and H.R. 1.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2025 · fourth_quarter · Taxation/Internal Revenue Code
H. Con. Res. 14: Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Recovery Act -Issues related to tax policy and impact on American oil and natural gas producers
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2025 · third_quarter · Foreign Relations
opposed to joint resolutions providing for congressional disapproval of proposed military sales to Israel: H. Res. 68, 69, 70, 71, 83,84, 85, 86 / S. Res. 20, 21, 22, 23, 25, 26, 27, 32, 33, 34, 35, 40, 41, 42 HR 23/S. 224 Illegitimate Court Counteraction Act HR 867 IGO Anti-Boycott Act HR 348 Stop Corrupt Iranian Oligarchs and Entities Act HR 1710/S. 198 PLO and PA Terror Payments Accountability Act of 2025 HR 2570 Maximum Pressure Act HR 1422/S. 556 Enhanced Iran Sanctions Act
Client expense: $100,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · third_quarter · Taxation/Internal Revenue Code
Issues related to cost recovery provisions, including S.224/H.R. 662, Promoting Domestic Energy Production Act, and H.R. 1.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2025 · third_quarter · Taxation/Internal Revenue Code
Issues relating to the implementation of H.R. 662 on intangible drilling costs. Issues relating to the implementation of S. 224 on intangible drilling costs.
Client expense: $500,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · third_quarter · Taxation/Internal Revenue Code
H. Con. Res. 14: Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Recovery Act -Issues related to tax policy and impact on American oil and natural gas producers
Client expense: $120,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2025 · third_quarter · Taxation/Internal Revenue Code
Discussions related to corporate taxation and energy related tax issues including 45V Hydrogen PTC; H.R.662/S.224, Promoting Domestic Energy Production Act; extension of the Tax Cuts and Jobs Act (P.L.115-97); H.R.1, One Big Beautiful Bill Act (P.L.119-21).
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · second_quarter · Foreign Relations
opposed to joint resolutions providing for congressional disapproval of proposed military sales to Israel: H. Res. 68, 69, 70, 71, 83,84, 85, 86 / S. Res. 20, 21, 22, 23, 25, 26, 27, 32, 33, 34, 35, 40, 41, 42 HR 23/S. 224 Illegitimate Court Counteraction Act HR 867 IGO Anti-Boycott Act HR 348 Stop Corrupt Iranian Oligarchs and Entities Act HR 1710/S. 198 PLO and PA Terror Payments Accountability Act of 2025 HR 2570 Maximum Pressure Act HR 1422/S. 556 Enhanced Iran Sanctions Act
Client expense: $100,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · second_quarter · Taxation/Internal Revenue Code
Issues related to cost recovery provisions, including S.224/H.R. 662, Promoting Domestic Energy Production Act, and H.R. 1.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2025 · second_quarter · Taxation/Internal Revenue Code
Discussions related to corporate taxation and energy related tax issues including 45V Hydrogen PTC; implementation of the Inflation Reduction Act of 2022 (P.L.117-169); H.R.662/S.224, Promoting Domestic Energy Production Act; extension of the Tax Cuts and Jobs Act (P.L.115-97); H.R.1, One Big Beautiful Bill Act.
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · second_quarter · Taxation/Internal Revenue Code
HR 1 One Big Beautiful Bill Act (provisions related to Titles IV, VIII, XI, and the energy industry); HR 5376 Inflation Reduction Act of 2022 (tax provisions related to the oil and gas industry); S 1605 International Competition for American Jobs Act; S 187 ALIGN Act; S 224 Promoting Domestic Energy Production Act; S 796 Book Minimum Tax Repeal Act; draft legislation that would allow for the expensing of intangible drilling costs under the corporate alternative minimum tax; efforts related to Internal Revenue Code Sections 45Q, 45V and 45Z.
Client expense: $2,070,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2025 · second_quarter · Taxation/Internal Revenue Code
H. Con. Res. 14: Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. HR 383 - End Oil and Gas Tax Subsidies Act of 2025 HR 1 - One Big Beautiful Bill Act HR 662 - Promoting Domestic Energy Production Act HR 1003 - Enhancing Energy Recovery Act S 224 - Promoting Domestic Energy Production Act S 425 - Enhancing Energy Recovery Act -Issues related to tax policy and impact on American oil and natural gas producers
Client expense: $140,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2025 · second_quarter · Taxation/Internal Revenue Code
Company tax policy priorities in the coming reauthorization of the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. - 21% corporate rate - Intangible drilling cost expensing - Dual capacity taxpayer rules - Current international tax regime - Bonus Depreciation - Deductibility of state and local Taxes Support for S.224, Promoting Domestic Energy Production Act.
Client expense: $770,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2025 · second_quarter · Fuel/Gas/Oil
H.R.1 - One Big Beautiful Bill Act: provisions related to tax treatment of IDCs under CAMT, methane tax, IDCs, and federal lands HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to intangible drilling and development costs to be taken into account when computing adjusted financial statement income. Matters related to federal-lands reforms, including mandatory leasing and related permitting
Client expense: $700,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Economic Council (NEC), SENATE, Treasury, Dept of, White House Office
2025 · second_quarter · Environment/Superfund
H.R.1 - One Big Beautiful Bill Act: provisions related to tax treatment of IDCs under CAMT, methane tax, IDCs, and federal lands HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to intangible drilling and development costs to be taken into account when computing adjusted financial statement income. Matters related to federal-lands reforms, including mandatory leasing and related permitting
Client expense: $700,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Economic Council (NEC), SENATE, Treasury, Dept of, White House Office
2025 · second_quarter · Taxation/Internal Revenue Code
H.R.1 - One Big Beautiful Bill Act: provisions related to tax treatment of IDCs under CAMT, methane tax, IDCs, and federal lands HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to intangible drilling and development costs to be taken into account when computing adjusted financial statement income. Matters related to federal-lands reforms, including mandatory leasing and related permitting
Client expense: $700,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Economic Council (NEC), SENATE, Treasury, Dept of, White House Office
2025 · second_quarter · Energy/Nuclear
H.R.1 - One Big Beautiful Bill Act: provisions related to tax treatment of IDCs under CAMT, methane tax, IDCs, and federal lands HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to intangible drilling and development costs to be taken into account when computing adjusted financial statement income. Matters related to federal-lands reforms, including mandatory leasing and related permitting
Client expense: $700,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Economic Council (NEC), SENATE, Treasury, Dept of, White House Office
2025 · first_quarter · Foreign Relations
opposed to joint resolutions providing for congressional disapproval of proposed military sales to Israel: H. Res. 68, 69, 70, 71, 83,84, 85, 86 / S. Res. 20, 21, 22, 23, 25, 26, 27, 32, 33, 34, 35, 40, 41, 42 HR 23/S. 224 Illegitimate Court Counteraction Act S. Res. 72 A resolution affirming that Hamas cannot retain any political or military control in the Gaza Strip HR 867 IGO Anti-Boycott Act HR 348 Stop Corrupt Iranian Oligarchs and Entities Act HR 1710/S. 198 PLO and PA Terror Payments Accountability Act of 2025
Client expense: $100,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · first_quarter · Taxation/Internal Revenue Code
Issues related to cost recovery provisions; S.224/H.R. 662, Promoting Domestic Energy Production Act; S.J.Res. 12/H.J. Res. 35, to nullify EPA methane tax.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2025 · first_quarter · Taxation/Internal Revenue Code
Discussions related to corporate taxation including energy related tax provisions; implementation of the Inflation Reduction Act of 2022 (P.L.117-169); H.R.662/S.224, Promoting Domestic Energy Production Act. Issues related to the 45V Hydrogen PTC. Issues related to extension of the Tax Cuts and Jobs Act (P.L.115-97).
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · first_quarter · Taxation/Internal Revenue Code
HR 1141 Natural Gas Tax Repeal Act; HR 5073 Promoting Domestic Energy Production Act; HR 5376 Inflation Reduction Act of 2022 (tax provisions related to the oil and gas industry); S 187 ALIGN Act; S 224 Promoting Domestic Energy Production Act; S 796 Book Minimum Tax Repeal Act; draft Fiscal Year 2025 Budget Resolution (provisions relating to tax); efforts related to Internal Revenue Code Sections 45Q, 45V and 45Z; efforts related to international tax reform; efforts related to retention of corporate tax provisions in 2025 legislation.
Client expense: $1,920,000 · Firm income: Not reported
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2025 · first_quarter · Fuel/Gas/Oil
H.J. Res. 25: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales"; provisions related to methane tax final rule S.J. Res. 12: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Waste Emissions Charge for Petroleum and Natural Gas Systems: Procedures for Facilitating Compliance, Including Netting and Exemptions"; provisions related to methane tax final rule Budget reconciliation: Provisions related to methane tax, IDCs, and federal-lands reforms HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to accelerated cost-recovery of IDCs under CAMT Matters related to federal-lands reforms, including mandatory leasing and related permitting
Client expense: $470,000 · Firm income: Not reported
2025 · first_quarter · Environment/Superfund
H.J. Res. 25: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales"; provisions related to methane tax final rule S.J. Res. 12: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Waste Emissions Charge for Petroleum and Natural Gas Systems: Procedures for Facilitating Compliance, Including Netting and Exemptions"; provisions related to methane tax final rule Budget reconciliation: Provisions related to methane tax, IDCs, and federal-lands reforms HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to accelerated cost-recovery of IDCs under CAMT Matters related to federal-lands reforms, including mandatory leasing and related permitting
Client expense: $470,000 · Firm income: Not reported
2025 · first_quarter · Taxation/Internal Revenue Code
H.J. Res. 25: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales"; provisions related to methane tax final rule S.J. Res. 12: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Waste Emissions Charge for Petroleum and Natural Gas Systems: Procedures for Facilitating Compliance, Including Netting and Exemptions"; provisions related to methane tax final rule Budget reconciliation: Provisions related to methane tax, IDCs, and federal-lands reforms HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to accelerated cost-recovery of IDCs under CAMT Matters related to federal-lands reforms, including mandatory leasing and related permitting
Client expense: $470,000 · Firm income: Not reported
2025 · first_quarter · Energy/Nuclear
H.J. Res. 25: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales"; provisions related to methane tax final rule S.J. Res. 12: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Waste Emissions Charge for Petroleum and Natural Gas Systems: Procedures for Facilitating Compliance, Including Netting and Exemptions"; provisions related to methane tax final rule Budget reconciliation: Provisions related to methane tax, IDCs, and federal-lands reforms HR 662/S 224: Promoting Domestic Energy Production Act; provisions related to accelerated cost-recovery of IDCs under CAMT Matters related to federal-lands reforms, including mandatory leasing and related permitting
Client expense: $470,000 · Firm income: Not reported
2025 · first_quarter · Taxation/Internal Revenue Code
Company tax policy priorities in the coming reauthorization of the Tax Cuts and Jobs Act (TCJA), P.L. 115-97: - 21% corporate rate - Intangible drilling cost expensing - Dual capacity taxpayer rules - Current international tax regime - Bonus Depreciation - Deductibility of state and local Taxes S.224 and H.R.662, Promoting Domestic Energy Production Act.
Client expense: $3,230,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Republican |
| AK |
| James E. Risch | Republican | ID |
| Jerry Moran | Republican | KS |
| John Barrasso | Republican | WY |
| John Cornyn | Republican | TX |
| John Hoeven | Republican | ND |
| Jon Husted | Republican | OH |
| Kevin Cramer | Republican | ND |
| Markwayne Mullin | Republican | OK |
| Mike Lee | Republican | UT |
| Roger Marshall | Republican | KS |
| Steve Daines | Republican | MT |
| Ted Cruz | Republican | TX |
| Tim Scott | Republican | SC |
| Tim Sheehy | Republican | MT |
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE