H.R. 10434 – Empower Energy Exporting Communities Act

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Updated September 22, 2026 at 11:51 AM UTC

The Empower Energy Exporting Communities Act would add a new section to the Internal Revenue Code to create an Oil and Gas Community Trust Fund. The fund is financed by a 3% share of net revenues that the Treasury receives from oil and gas companies whose main business is producing, refining, processing, transporting, or distributing oil and gas. Money from the fund can be used to pay for infrastructure and public‑service projects in localities that are close to major oil and gas export ports.

Key Provisions

Creates the Oil and Gas Community Trust Fund within the Treasury.
Funds the trust with 3% of net revenues collected from specified oil and gas companies for tax years after enactment.
Defines “specified oil and gas company” as any corporation whose large share of gross receipts comes from oil and gas production, refining, processing, transportation, or distribution.
Allows the Secretary to spend trust money on eligible communities without additional appropriations or fiscal‑year limits.
Designates eligible communities as counties, parishes, municipalities, or tribal areas within 50 miles of a major oil or gas export port.
Limits annual payments to each port region so they reflect that region’s share of total national oil and gas exports.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Ways and Means Committee

September 16, 2026

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HouseIntro Referral

Introduced in House

September 16, 2026

HouseIntro Referral

Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Ways and Means Committee

September 16, 2026

Bill Text

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Introduced in HouseIssued September 16, 2026

I

119th CONGRESS

2d Session

H. R. 10434

IN THE HOUSE OF REPRESENTATIVES

September 16, 2026

Mr. Vicente Gonzalez of Texas introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend the Internal Revenue Code of 1986 to establish a dedicated trust fund for investments in oil and gas communities.

1.

Short title

This Act may be cited as the Empower Energy Exporting Communities Act.

2.

Oil and Gas Community Trust Fund

(a)

In general

Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:

9512.

Oil and Gas Community Trust Fund

(a)

In general

There is established in the Treasury of the United States a trust fund to be known as the Oil and Gas Community Trust Fund consisting of such amounts as may be appropriated to such Trust Fund as provided in this section and section 9602(b).

(b)

Transfers to trust fund

(1)

In general

There are hereby appropriated to the Oil and Gas Community Trust Fund amounts equivalent to 3 percent of the net revenues received in the Treasury under section 11 from specified oil or gas companies for taxable years beginning after the date of the enactment of this section.

(2)

Specified oil or gas company

The term specified oil or gas company means any corporation if a significant portion of the gross receipts of such corporation are attributable to the production, refining, processing, transportation, or distribution of oil, gas, or any primary product thereof.

(c)

Expenditures from trust fund

(1)

In general

Amounts in the Oil and Gas Community Trust Fund shall be available to the Secretary, without need of further appropriation and without fiscal year limitation, for purposes of making payments to eligible oil and gas communities for infrastructure and public service investments.

(2)

Eligible oil and gas community

For purposes of this subsection, the term eligible oil and gas community means any county, parish, municipality, or Tribal community if the Secretary determines that such county, parish, municipality, or Tribal community is located within 50 miles of a major port for the export of oil, gas, or any primary product thereof.

(3)

Limitation based on export share

(A)

In general

For any fiscal year, payments made under paragraph (1) during such year to eligible oil and gas communities in a port region shall not exceed, in the aggregate, the amount which bears the same ratio to the total amounts available in the Oil and Gas Community Trust Fund as the port region’s total amount of exports of oil, gas, or any primary product thereof bears to the total amount of such exports of all major ports nationwide (as determined by the Secretary based on the most recent year for which data is available).

(B)

Port region

For purposes of this paragraph, the term port region means any region within 50 miles of a major port for the export of oil, gas, or any primary product thereof.

.

(b)

Clerical amendment

The table of sections for subchapter A of chapter 98 of such Code is amended by adding at the end the following new item:

Sec. 9512. Oil and Gas Community Trust Fund.

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