S. 168: Energy for America’s Economic Future Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-01-21 |
| Sponsor | Sen. Schmitt, Eric [R-MO] |
| Policy area | Energy |
| Cosponsors | 0 |
| Latest action | 2025-01-21 — Read twice and referred to the Committee on Energy and Natural Resources. |
| Last updated | 2026-03-24 |
Summary
Official summary (Introduced in Senate, 2025-01-21):
Energy for America’s Economic Future Act
This bill establishes a fund to reduce the principal of the federal debt. Each fiscal quarter, 25% of the total revenue generated by activities relating to advancing artificial intelligence infrastructure in the United States as well as 25% of the total revenue generated by federal oil and gas lease sales must be deposited into the fund. Total revenue includes bonus bid amounts collected at the time of an oil or gas lease sale, as well as royalties, rental payments, and fees accrued over the life of the lease that were disbursed to the Treasury as miscellaneous receipts.
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 168 are published by Congress on congress.gov.
Frequently asked questions
What is S. 168?
S. 168 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Energy for America’s Economic Future Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 168 are available on congress.gov.
Bill data: congress.gov API (official congressional records).