2025-2026 Regular Session • US Congress Legislature
HB662: Promoting Domestic Energy Production Act
Legislative Summary
To amend the Internal Revenue Code of 1986 to allow intangible drilling and development costs to be taken into account when computing adjusted financial statement income.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
1/23/2025
Introduced in House
House of Representatives
1/23/2025
Referred to the House Committee on Ways and Means.
House of Representatives
Status Information
Current Status
Introduced(1/23/2025)
Chamber
House of Representatives
Committee
Ways And Means(House of Representatives)
Sponsors
Republican: 41
Democrat: 3
Primary Sponsor
Mike Carey
Republican
Co-Sponsors (43)
Vicente Gonzalez
Democrat
Nicholas Langworthy
Republican
Michael Rulli
Republican
Warren Davidson
Republican
Dan Crenshaw
Republican
Ryan Zinke
Republican
Troy Balderson
Republican
Marc Veasey
Democrat
Darin LaHood
Republican
John Carter
Republican
Dan Meuser
Republican
Glenn Thompson
Republican
Mary Miller
Republican
Kevin Hern
Republican
Claudia Tenney
Republican
Carol Miller
Republican
Roger Williams
Republican
Henry Cuellar
Democrat
Wesley Hunt
Republican
Tracey Mann
Republican
Max Miller
Republican
Tom Cole
Republican
Randy Weber
Republican
Dan Newhouse
Republican
Addison McDowell
Republican
Patrick Fallon
Republican
Elizabeth Van Duyne
Republican
Greg Murphy
Republican
Jake Ellzey
Republican
Brian Babin
Republican
Gabe Evans
Republican
Craig Goldman
Republican
Nicole Malliotakis
Republican
Ron Estes
Republican
Mark Amodei
Republican
Michael Lawler
Republican
Cory Mills
Republican
Greg Steube
Republican
August Pfluger
Republican
Stephanie Bice
Republican
Robert Latta
Republican
David Taylor
Republican
Nathaniel Moran
Republican