S. 4406, titled the "End Polluter Welfare Act of 2024," seeks to eliminate various subsidies that support fossil-fuel production. The bill intends to increase royalties in certain energy sectors, remove limits on liability for oil facilities, and terminate tax benefits that...
Simple Explanation
The End Polluter Welfare Act of 2024 aims to stop giving extra money and help to companies that dig for oil, gas, and coal, encouraging them to focus more on clean energy instead. This means these companies might have to pay more and won’t get special tax breaks, as the government wants to protect the environment better.