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Senate bill · S. 5350 (119th Congress)

Amend the Internal Revenue Code of 1986 to include foreign oil and gas extraction income in net CFC tested income…

U.S. Senate

Latest action Aug 6, 2026

Sponsor: Martin Heinrich (U.S. Senator for New Mexico, Democratic)

Official titleShow

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.

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

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From Congress.gov and official rosters. This record was last updated Aug 8, 2026. About our data

Summary

There is no summary of this item on Agora. The official record has its full text.

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Senate Committee on Finance · U.S. Senate

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Full history

  1. Aug 6, 2026

    Introduced

    Introduced in U.S. Senate

    U.S. Senate

  2. Aug 6, 2026

    Referred to committee

    Read twice and referred to the Committee on Finance.

  3. Aug 6, 2026

    Referred to committee

    Read twice and referred to the Committee on Finance.

Read the record