The bill wants to stop giving special money rewards to companies that use a certain type of gas to get more oil from the ground, starting after the bill becomes law. It changes some tax rules, which could make it harder for those companies to get extra money help.

The "Enhanced Energy Recovery Act" is a new rule that changes how a special tax credit works for catching carbon, making sure everyone gets a fair deal no matter how they use the carbon, like storing it or using it to get more oil. The amount of this tax credit will change with inflation, to make sure it stays useful over time.