SB5350Introduced in the Senate
American Energy Independence and Tax Fairness Act
Introduced by Martin Heinrich, District NM
What does this bill do?
Plain-English breakdown
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Official description
A bill to amend the Internal Revenue Code of 1986 to include foreign oil and gas extraction income in net CFC tested income, to include income from the extraction of minerals from oil shale and tar sands in the definitions of foreign oil and gas extraction income and foreign oil related income, and for other purposes.
Where it stands
Read twice and referred to the Committee on Finance.
August 6, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Read twice and referred to the Committee on Finance.
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