Bill raises tax breaks for small oil and gas companies.
S. 4604 — Protecting America’s Small Oil and Gas Producers and Rural Jobs Act · Filed by Roger Marshall (R-KS) · 7 cosponsors · Introduced May 20, 2026 · Referred to committee
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What it does
The bill lets small oil and gas producers deduct more money from taxes. It raises the daily pump limit for the tax break from 1,000 to 2,000 barrels. When oil prices drop below $70 per barrel, companies get bigger deductions. The deduction amount grows each year to match inflation starting in 2028.
Who it affects
Small oil and gas producers pay less in taxes. Rural oil and gas operations pay less in taxes. The federal government collects less tax money from this industry.
One thing to notice
The bill expands which companies qualify for the tax break. Larger, more profitable oil operations can now get tax breaks meant for struggling wells.
From the analysis of the bill text, linked under Primary records below.
Where it stands
7 cosponsors: 7 Republicans.
- May 20, 2026 — Introduced · Congress.gov: “Introduced in Senate”
- May 20, 2026 — Referred to Senate Committee on Finance · Congress.gov: “Read twice and referred to the Committee on Finance”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
1 groups reported lobbying about this bill. They filed 1 reports from Jun 2026 to Jun 2026.
Those reports show $250,000 in lobbying spending. Each report lists about 27 bills. So that money was not all for this bill.
More groups named this bill than 0% of bills with any report.
Roger Marshall, who sponsored the bill, received $1,837,391 from PACs for the 2026 election.
- Independent Petroleum Association of America — $250,000 in 1 report
Lobbying is legal. These reports show who lobbied about this bill, not what changed.
Words to know
- barrels — Large containers used to measure oil. One barrel holds 42 gallons.
- inflation — When prices for things go up over time, so money buys less than before.
- lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
- PACs — Groups that collect money and give it to candidates for office.
- sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (2,493 characters) on Jun 3, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,778 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Jun 2026 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 18, 2026 · page rendered 2026-11-01.
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