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S. 5458 (119th Congress)Committee
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A bill to reduce energy supply shortages and consumer fuel costs by lowering production cost barriers for domestic upstream oil and natural gas producers, providing temporary royalty and tax relief during periods of supply stress, streamlining permitting for additional production, encouraging State severance tax relief, and for other purposes.

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Summary

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Based on the bill's title, this bill would reduce barriers to domestic oil and natural gas production by lowering production costs for upstream producers, providing temporary royalty and tax relief during supply shortages, streamlining permitting processes, and encouraging states to provide severance tax relief. The stated goal is to increase energy supply and reduce consumer fuel costs.

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