IPAA was part of a coalition letter was sent to the Members of the United States Senate supporting the proposed 10-year moratorium on enforcement of state and local AI-specific regulations.
The Independent Petroleum Association of America (IPAA) strongly supports H.Con.Res.14, the “One Big Beautiful Bill Act” and urges the House of Representatives to pass the measure as soon as possible.
Dear Representative Fedorchak:
The undersigned organizations are pleased to provide our views in response to your AI and Energy Working Group’s recently circulated Request for Information. We represent companies and workers who build and provide equipment, materials, supplies and services to energy infrastructure development, including facilities essential to natural gas production, transportation and consumption. We comprise the vast industrial and labor supply chain that underpins American energy abundance, reliability and affordability.
We applaud and stand ready to support your critical work to develop legislative and policy recommendations to ensure that abundant power is available to support data centers critical to American AI dominance.
Long-term policy durability enshrined in law is critically essential to encourage large, long- term, multi-year investments by developers of energy infrastructure. Our comments below primarily address Pillar One of your Request for Information: American Energy Dominance and AI Energy Demands.
Dear Speaker Johnson, Majority Leader Thune, Leader Jeffries, and Leader Schumer:
We, the undersigned organizations, representing thousands of businesses who collectively employ millions of Americans in all sectors of the U.S. economy, urge Congress to immediately enact three specific pro-growth tax relief proposals in the upcoming reconciliation bill authorized by H.Con.Res.14, the fiscal year 2025 budget resolution. …
We strongly urge Congress to bolster our economy and support American workers and families. Congress should restore immediate R&D expensing, a pro-growth interest deductibility standard, and full expensing for capital investments.
We write to you today as a coalition of oil and natural gas trade associations representing over 80% of domestic production in the United States to express our strong support for the budget reconciliation provisions currently under consideration by the House Natural Resources Committee. We stand ready to offer our full assistance in fulfilling President Donald J. Trump’s goals to unleash American energy and strengthen the economic future of the United States.
We strongly agree with the President that the success of the American economy and the prosperity of its citizens depend on the ability of our members to prudently access and develop the abundant energy resources with which our nation has been so generously blessed.
The budget reconciliation provisions under consideration are critical to advancing this shared goal. Our coalition advocated tirelessly during the Biden Administration for a return to regularly held federal lease sales, common-sense permitting reform, and unleashing American resources. These provisions, included in the House Natural Resources bill text will increase domestic energy production allowing for affordable and reliable energy to all Americans. …
Dear Speaker Johnson and Majority Leader Thune:
On behalf of America’s independent oil and natural gas producers, the Independent Petroleum Association of America (IPAA) urges you to help preserve the current tax treatment of carried interest to protect energy investment, support job creation, and ensure the continued growth of a resilient, domestically powered energy economy. …
The carried interest structure is a well-established mechanism that rewards long-term investment and risk-taking. It is particularly critical in the oil and natural gas industry, where smaller, independent companies often partner with private equity investors to raise the capital needed to explore, drill, and produce America’s energy resources. Nowhere is this model more embedded-or more vital-than in the Gulf Coast states, where these partnerships drive innovation, economic growth, and energy resilience. …
Dear Speaker Johnson and Majority Leader Thune:
We, the undersigned, congratulate you on the recent passage of H.J. Res 35, expressing Congress’s disapproval of the Environmental Protection Agency’s (EPA) rulemaking on the Waste Emissions Charge (WEC).
Passage of this Congressional Review Act (CRA) resolution, signed by President Trump, is an important step toward rectifying a disastrous approach to regulating methane emissions stemming from oil and natural gas production by eliminating the administrative means to collect the tax.
However, that was just step one. It is critically important to repeal the WEC, which was established in the 2022 Inflation Reduction Act (IRA) and remains federal law.
While the CRA removed the ability of EPA to charge for methane emissions, and collect the tax for now, the legal authority for doing so in the future remains, and it is imperative that Congress address this matter as soon as possible. …
To Members of the United States Congress:
The undersigned organizations support extending pro-growth tax policies that have raised workers’ wages, helped families weather inflation, and led to more well-paying jobs. The individual, business, and estate tax provisions of the 2017 Tax Cuts and Jobs Act (“TCJA”) have been instrumental in helping achieve these goals and should be made permanent.
As lawmakers contemplate advancing tax reform legislation through budget reconciliation this year, the importance of adopting the appropriate budget baseline cannot be overstated. We believe it is imperative that Congress adopt a current-policy baseline.
Adopting a current-policy baseline would avoid a $4 trillion dollar tax increase on American families and employers by creating a pathway for Congress to make the TCJA permanent. Doing so would provide businesses the certainty and stability they need to make the long-term investments that drive growth, accelerate productivity, and increase prosperity across all segments of the economy. …
Dear Senator Cruz,
We are writing to express our strong support for your proposed resolution of disapproval under the Congressional Review Act (CRA) regarding the Department of Energy’s (DOE) rule on gas-fired instantaneous water heaters.
Our respective Trade Associations represent 80% of the new oil and gas resources brought online each year. Over the past four years we have fought the prior Administration’s every move to restrict the production and consumption of fossil energy. This rule is a perfect example of the direct result of the Biden Administration’s illegal whole-of-government assault on oil and natural gas use and consumption.
It effectively mandates the use of condensing technology, which increases the upfront cost and restricts options for American families. The clear intent of this regulation is to increase the upfront cost of natural gas-fired equipment to force consumers to fuel switch and use electric water heaters. This constitutes an unlawful overreach, and Congressional intervention is urgently required to rectify this flawed rule. …
Re: Equalize the Tax Treatment of Oil & Natural Gas Capital Expenditures under the CAMT to Unlock Domestic Energy Production
Dear Chairman Smith, Chairman Crapo, Ranking Member Neal, and Ranking Member Wyden:
With this new Congress, we have a real opportunity to spur domestic energy production through common-sense, durable reform. This includes tax policy and the equitable treatment of capital investment to produce our own oil and natural gas.
On behalf of U.S. independent producers of oil and natural gas, we urge this Congress to rectify prior unsound and disparate tax policy embedded in the corporate alternative minimum tax (CAMT) and allow for the accelerated cost-recovery of intangible drilling costs (IDCs).
IDCs are ordinary business expenses incurred in the exploration, development, and drilling of new wells — including wages, repairs, supplies, fuel, surveying, and ground clearing. …
