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.
Short title
This Act may be cited as the Empower Energy Exporting Communities Act
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Oil and Gas Community Trust Fund
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:
Oil and Gas Community Trust Fund
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).
Transfers to trust fund
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.
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.
Expenditures from trust fund
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.
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.
Limitation based on export share
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).
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.
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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:
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