Empower Energy Exporting Communities Act
The source supplies the latest action, but no lifecycle stage.
Latest action (16 Sep 2026): Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
What this bill does
H.R. 10434, the Empower Energy Exporting Communities Act, would establish a dedicated trust fund named the "Oil and Gas Community Trust Fund." This fund would be created by appropriating an amount equivalent to 3 percent of the net revenues received by the Treasury from "specified oil or gas companies." A "specified oil or gas company" is defined as a corporation where a significant portion of its gross receipts comes from the production, refining, processing, transportation, or distribution of oil, gas, or their primary products.
The trust fund's money would be available for investments in eligible oil and gas communities. These eligible communities are defined as counties, parishes, municipalities, or Tribal communities located within 50 miles of a major port used for exporting oil, gas, or their primary products. The bill specifies that these funds would be used for infrastructure and public service investments within these communities.
This bill was introduced in the House of Representatives and has been referred to two committees: the Committee on Ways and Means and the Committee on Oversight and Government Reform. These committees will consider the provisions of the bill that fall within their respective jurisdictions. The bill's status does not indicate if it has progressed beyond this committee referral stage.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
16 Sep 2026
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Common questions
- What does H.R. 10434 do?
- H.R. 10434, the Empower Energy Exporting Communities Act, would establish a dedicated trust fund named the "Oil and Gas Community Trust Fund." This fund would be created by appropriating an amount equivalent to 3 percent of the net revenues received by the Treasury from "specified oil or gas companies." A "specified oil or gas company" is defined as a corporation where a significant portion of its gross receipts comes from the production, refining, processing, transportation, or distribution of oil, gas, or their primary products. The trust fund's money would be available for investments in eligible oil and gas communities. These eligible communities are defined as counties, parishes, municipalities, or Tribal communities located within 50 miles of a major port used for exporting oil, gas, or their primary products. The bill specifies that these funds would be used for infrastructure and public service investments within these communities. This bill was introduced in the House of Representatives and has been referred to two committees: the Committee on Ways and Means and the Committee on Oversight and Government Reform. These committees will consider the provisions of the bill that fall within their respective jurisdictions. The bill's status does not indicate if it has progressed beyond this committee referral stage.
- Has H.R. 10434 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10434. Check the latest action and official source below.
- Who sponsored H.R. 10434?
- H.R. 10434 was sponsored by Rep. Gonzalez, Vicente [D-TX-34] (D-TX), with 1 cosponsor.
- What's the latest action on H.R. 10434?
- Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (16 Sep 2026).
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