End Oil and Gas Tax Subsidies Act of 2025

Bill 119 HR 383, also known as the Fossil Fuel Subsidy Repeal Act, aims to make changes to the Internal Revenue Code of 1986 in order to eliminate subsidies for oil companies. The bill seeks to end financial support provided to these companies by the government, with the goal of promoting cleaner and more sustainable energy sources.

The legislation is designed to address concerns about the environmental impact of fossil fuels and the need to transition to renewable energy sources. By repealing subsidies for oil companies, the bill aims to level the playing field for all energy producers and encourage the development of alternative energy technologies.

In addition to repealing fossil fuel subsidies, the bill also includes provisions for other purposes, which may include measures to support renewable energy development, promote energy efficiency, or address other related issues. Overall, Bill 119 HR 383 represents a significant step towards reducing the reliance on fossil fuels and promoting a more sustainable energy future for the United States.