S4604-119

In Committee

Protecting America’s Small Oil and Gas Producers and Rural Jobs Act

119th Congress Introduced May 20, 2026

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill requires modification of certain percentage depletion rules with respect to oil and gas wells Section 613A(c)(6)(C) of the Internal Revenue Code of 1986 is amended to read as follows: (C)Applicable percentage(i). It relies on definition changes, tax rate changes, reporting requirements, and compliance mandates. The main policy areas are Agriculture, Environment, and Energy.

Who Benefits and How

Oil and gas producers, refiners, or users affected by the bill could face lower compliance burdens and Environmental and public health interests affected by the bill could face lower compliance burdens.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.

Key Provisions

  • Requires modification of certain percentage depletion rules with respect to oil and gas wells Section 613A(c)(6)(C) of the Internal Revenue Code of 1986 is amended to read as follows: (C)Applicable percentage(i)...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill requires modification of certain percentage depletion rules with respect to oil and gas wells Section 613A(c)(6)(C) of the Internal Revenue Code of 1986 is amended to read as follows: (C)Applicable percentage(i).

Key Policy Areas

Agriculture, Environment, Energy

Primary Purpose

The bill requires modification of certain percentage depletion rules with respect to oil and gas wells Section 613A(c)(6)(C) of the Internal Revenue Code of 1986 is amended to read as follows: (C)Applicable percentage(i).

Policy Domains

Agriculture Environment Energy

Whole bill

Identified Gains
  • Oil and gas producers, refiners, or users affected by the bill
  • Environmental and public health interests affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: is
Environmental and public health interests affected by the bill:
Oil and gas producers, refiners, or users affected by the bill:
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Public beneficiaries or protected communities affected by the clause
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: is
Public beneficiaries or protected communities affected by the clause:
Federal, state, or local agencies responsible for implementing the clause:

Legislative Progress

In Committee
Introduced Committee Passed
May 20, 2026

Read twice and referred to the Committee on Finance.

May 20, 2026

Introduced in Senate

May 20, 2026

Mr. Marshall (for himself, Mr. Cassidy, and Mr. Moran) introduced …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Agriculture Environment Energy

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology