Senate bill · S. 224 (119th Congress)

Promoting Domestic Energy Production Act

U.S. Senate

Latest action May 21, 2025

Sponsor: James Lankford (U.S. Senator for Oklahoma, Republican)

Following needs an Agora account. You will sign in first, then come back to this page.

From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

Summary

This bill would amend the Internal Revenue Code to allow intangible drilling and development costs to be included in computations of adjusted financial statement income for federal tax purposes.

AI summary. Not an official summary. How we handle summaries

Where it stands

Assigned to a committee for review.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Committee

Senate Committee on Finance · U.S. Senate

Your position on this bill

Choose the position closest to yours. You'll sign in or create an account to save it.

Cosponsors

Showing the 17 who are on Agora, A to Z. Congress.gov listed 18 as of Jul 31, 2026.

See all cosponsors on Congress.gov

Republican17

Party is shown for the 17 cosponsors who are on Agora.

Shown in neutral colors by design; Agora is non-partisan.

Show the full list (17 names)

As identified by Congress.gov.

Full history

May 21, 2025
Introduced
Introduced in U.S. Senate
U.S. Senate
Jan 23, 2025
Introduced
Introduced in Senate
U.S. Senate
Jan 23, 2025
In committee
Read twice and referred to the Committee on Finance.
U.S. Senate
Jan 23, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
Jan 23, 2025
Referred to committee
Read twice and referred to the Committee on Finance.

Show full history (1 earlier event)

Jan 23, 2025
Referred to committee
Read twice and referred to the Committee on Finance.

Read the record

Read on Congress.gov (opens in a new tab) The official record on Congress.gov.