August Pfluger

SAVE Act

United States · United States Congress · 3 January 2025

Safeguard American Voter Eligibility Act or the SAVE Act This bill requires individuals to provide documentary proof of U.S. citizenship when registering to vote in federal elections. Specifically, the bill prohibits states from accepting and processing an application to register to vote in a federal election unless the applicant presents documentary proof of U.S. citizenship. The bill specifies what documents are considered acceptable proof of U.S. citizenship, such as identification that complies with the REAL ID Act of 2005 that indicates U.S. citizenship. Further, the bill (1) prohibits states from registering an individual to vote in a federal election unless, at the time the individual applies to register to vote, the individual provides documentary proof of U.S. citizenship; and (2) requires states to establish an alternative process under which an applicant may submit other evidence to demonstrate U.S. citizenship. Each state must take affirmative steps on an ongoing basis to ensure that only U.S. citizens are registered to vote, which shall include establishing a program to identify individuals who are not U.S. citizens using information supplied by certain sources. Additionally, states must remove noncitizens from their official lists of eligible voters. The bill allows for a private right of action against an election official who registers an applicant to vote in a federal election who fails to present documentary proof of U.S. citizenship. The bill establishes criminal penalties for certain offenses, including registering an applicant to vote in a federal election who fails to present documentary proof of U.S. citizenship.

Lowering Costs for Caregivers Act of 2025

United States · United States Congress · 3 January 2025

Regulations from the Executive in Need of Scrutiny Act of 2025

United States · United States Congress · 3 January 2025

Regulations from the Executive in Need of Scrutiny Act of 20 25 This bill revises provisions relating to congressional review of agency rulemaking. Specifically, the bill establishes a congressional approval process for a major rule. A major rule may only take effect if Congress approves of the rule. A major rule is a rule that has resulted in or is likely to result in (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices for consumers, individual industries, government agencies, or geographic regions; or (3) significant adverse effects on competition, employment, investment, productivity, innovation, or the ability of U.S.-based enterprises to compete with foreign-based enterprises. The bill generally preserves the current congressional review process for a nonmajor rule.

FIND Act

United States · United States Congress · 3 January 2025

Firearm Industry Non-Discrimination Act or the FIND Act This bill prohibits the federal government from entering into contracts with an entity that discriminates against firearm trade associations or businesses that deal in firearms, ammunition, or related products. Specifically, the bill requires a federal agency to include in each contract for the procurement of goods or services awarded by the agency a clause requiring the prime contractor to certify that it (1) has no policy, practice, guidance, or directive that discriminates against a firearm entity or firearm trade association; and (2) will not adopt a policy, practice, guidance, or directive that discriminates against a firearm entity or firearm trade association during the term of the contract. The bill establishes (1) a similar requirement with respect to subcontracts, and (2) penalties for violations. The bill makes such prohibition inapplicable to a contract for the procurement of goods or services that is a sole-source contract.

HALT Fentanyl Act

United States · United States Congress · 3 January 2025

Halt All Lethal Trafficking of Fentanyl Act or the HALT Fentanyl Act This bill permanently places fentanyl-related substances as a class into schedule I of the Controlled Substances Act. A schedule I controlled substance is a drug, substance, or chemical that has a high potential for abuse; has no currently accepted medical value; and is subject to regulatory controls and administrative, civil, and criminal penalties under the Controlled Substances Act. Under the bill, offenses involving fentanyl-related substances are triggered by the same quantity thresholds and subject to the same penalties as offenses involving fentanyl analogues (e.g., offenses involving 100 grams or more trigger a 10-year mandatory minimum prison term). Additionally, the bill establishes a new, alternative registration process for certain schedule I research. The bill also makes several other changes to registration requirements for conducting research with controlled substances, including permitting a single registration for related research sites in certain circumstances, waiving the requirement for a new inspection in certain situations, and allowing a registered researcher to perform certain manufacturing activities with small quantities of a substance without obtaining a manufacturing registration. Finally, the bill expresses the sense that Congress agrees with the interpretation of Controlled Substances Act in United States v. McCray , a 2018 case decided by the U.S. District Court for the Western District of New York. In that case, the court held that butyryl fentanyl, a controlled substance, can be considered an analogue of fentanyl even though, under the Controlled Substances Act, the term controlled substance analogue specifically excludes a controlled substance.

Protecting American Energy Production Act

United States · United States Congress · 3 January 2025

Protecting American Energy Production Act This bill prohibits the President from declaring a moratorium on the use of hydraulic fracturing unless Congress authorizes the moratorium. The bill also expresses the sense of Congress that states should maintain primacy (authority) for the regulation of hydraulic fracturing for oil and natural gas production on state and private lands. Hydraulic fracturing, or fracking, is a process to extract underground resources such as oil or gas from a geologic formation by injecting water, a propping agent (e.g., sand), and chemical additives into a well under enough pressure to fracture the formation.

Born-Alive Abortion Survivors Protection Act

United States · United States Congress · 3 January 2025

Born-Alive Abortion Survivors Protection Act This bill establishes requirements for the degree of care a health care practitioner must provide in the case of a child born alive following an abortion or attempted abortion. Specifically, a health care practitioner who is present must (1) exercise the same degree of care as would reasonably be provided to any other child born alive at the same gestational age, and (2) ensure the child is immediately admitted to a hospital. Additionally, a health care practitioner or other employee who has knowledge of a failure to comply with the degree-of-care requirements must immediately report such failure to law enforcement. A health care practitioner who fails to provide the required degree of care, or a health care practitioner or other employee who fails to report such failure, is subject to criminal penalties—a fine, up to five years in prison, or both. An individual who intentionally kills or attempts to kill a child born alive is subject to prosecution for murder. The bill bars the criminal prosecution of a mother of a child born alive under this bill and allows her to bring a civil action against a health care practitioner or other employee for violations.

New Source Review Permitting Improvement Act

United States · United States Congress · 3 January 2025

New Source Review Permitting Improvement Act This bill modifies terminology for purposes of the New Source Review (NSR) permitting program of the Environmental Protection Agency (EPA). In order for a change to a stationary source to be a modification (a change to a stationary source that increases the air pollutant emissions or results in new pollutants) for purposes of the NSR permitting program, the maximum hourly emission rate achievable by such source must be higher than the maximum hourly rate achievable by such source during any hour in the 10-year period preceding the change. A change at a stationary source is not considered to be a modification under the bill if it is designed to (1) reduce the amount of any air pollutant emitted; or (2) restore, maintain, or improve the reliability of operations at, or safety of, the source. However, such changes are not excepted if the EPA determines the increase in the maximum achievable hourly emission rate from such change would cause an adverse effect on human health or the environment. Construction , in connection with a major emitting facility (a type of stationary source), does not include a change at such a facility that does not result in a significant emissions increase or a significant net emissions increase. In relation to major emitting facilities in nonattainment areas, the terms modifications and modified do not include changes at such facilities that do not result in a significant emissions increase or a significant net emissions increase.

Stopping Border Surges Act

United States · United States Congress · 3 January 2025

Stopping Border Surges Act This bill modifies immigration law provisions relating to unaccompanied alien minors and to asylum seekers. The bill requires the Department of Homeland Security (DHS) to repatriate certain unaccompanied, inadmissible alien children, generally those not at risk of being trafficking victims nor having a fear of persecution. Currently, only inadmissible unaccompanied aliens from neighboring countries are subject to repatriation, and DHS has discretion whether to repatriate. When the Department of Health and Human Services releases an unaccompanied child to an individual, it shall provide DHS with certain information about that individual, including Social Security number and immigration status. The bill requires a stricter standard to find a credible fear of persecution and imposes additional rules on credible fear interviews. If an alien is granted asylum because of fear of persecution in a country, the alien shall be deemed to have renounced asylum status by returning to that country, if there has been no change in the country's conditions. The bill also (1) expands the definition of what constitutes a frivolous asylum application, (2) imposes additional limitations on eligibility for asylum, (3) shortens the deadline for applying for asylum, and (4) extends the time period an alien seeking asylum must wait before receiving employment authorization. Any individual who knowingly and willfully makes materially false statements or uses fraudulent documents in asylum-related proceedings shall be fined or imprisoned up to 10 years, or both.

Constitutional Concealed Carry Reciprocity Act of 2025

United States · United States Congress · 3 January 2025

Constitutional Concealed Carry Reciprocity Act This bill establishes a federal statutory framework to regulate the carry or possession of concealed firearms across state lines. Specifically, an individual who is eligible to carry a concealed firearm in one state may carry or possess a concealed handgun (other than a machine gun or destructive device) in another state that allows its residents to carry concealed firearms. It sets forth requirements for lawful concealed carry across state lines. The bill preempts most state and local laws related to concealed carry and establishes a private right of action for a person adversely affected by interference with a concealed-carry right established by this bill.

National Law Enforcement Officers Remembrance, Support, and Community Outreach Act

United States · United States Congress · 9 January 2025

National Law Enforcement Officers Remembrance, Support and Community Outreach Act. [ sic ] This bill temporarily directs the Department of the Interior to award a grant to the National Law Enforcement Officers Memorial Fund for the expenses associated with operating and enhancing the community outreach, public education, and officer safety and wellness programs of the National Law Enforcement Museum.

Organ Donation Referral Improvement Act

United States · United States Congress · 9 January 2025

Organ Donation Referral Improvement Act This bill requires the Office of the Assistant Secretary for Planning and Evaluation (ASPE) in the Department of Health and Human Services to conduct a study on hospitals’ use of electronic automated referrals for organ donations. The bill defines electronic automated referral as an electronic system that uses electronic health records to identify patients who are potential organ donors and automatically refers those patients to organ procurement organizations.  The ASPE must include specified components in the study, including identifying benefits, reviewing best practices, and developing recommendations for the use of electronic automated referrals for organ donations.

Natural Gas Tax Repeal Act

United States · United States Congress · 9 January 2025

Natural Gas Tax Repeal Act This bill eliminates a program administered by the Environmental Protection Agency that provides support for reducing methane emissions from the oil and gas sector. It also repeals a charge on methane emissions from facilities that contain petroleum and natural gas systems and emit 25,000 metric tons or more of greenhouse gases per year.

Undersea Cable Protection Act of 2025

United States · United States Congress · 9 January 2025

Undersea Cable Protection Act of 2025 This bill prohibits the Department of Commerce from enforcing certain permit requirements for activities related to undersea fiber optic cables in national marine sanctuaries.  Specifically, Commerce may not prohibit or require an authorization for any covered activities related to undersea fiber optic cables if a license, lease, or permit has been issued by a state or federal agency to authorize the covered activity. Covered activities are the installation, continued presence, operation, maintenance, repair, or recovery of undersea fiber optic cables in a national marine sanctuary. The bill also authorizes Commerce to direct the National Oceanic and Atmospheric Administration to engage in interagency cooperation regarding federal agency actions that are likely to destroy, cause the loss of, or injure a resource in a national marine sanctuary and involve covered activities.  

Preserving Safe Communities by Ending Swatting Act of 2025

United States · United States Congress · 9 January 2025

Preserving Safe Communities by Ending Swatting Act of 2025 This bill makes it a crime to intentionally convey false or misleading information in circumstances where the information may reasonably be expected to cause an emergency response and the information indicates the occurrence of criminal conduct or a threat to health or safety (commonly referred to as swatting ).

To designate the facility of the United States Postal Service located at 107 North Hoyne Avenue in Fritch, Texas, as the "Chief Zeb Smith Post Office".

United States · United States Congress · 9 January 2025

This bill designates the facility of the United States Postal Service located at 107 North Hoyne Avenue in Fritch, Texas, as the "Chief Zeb Smith Post Office".

REMAIN in Mexico Act of 2025

United States · United States Congress · 9 January 2025

Return Excessive Migrants and Asylees to International Neighbors in Mexico Act of 2025 or the REMAIN in Mexico Act of 2025 This bill requires the Department of Homeland Security (DHS) to implement the Migrant Protection Protocols as outlined in the January 25, 2019, memo titled Policy Guidance for Implementation of the Migrant Protection Protocols . (The protocols generally required aliens who are not clearly admissible, including those seeking asylum, arriving by land along the U.S.-Mexico border to be returned to Mexico while their immigration proceedings are pending, rather than remain in the United States. On January 21, 2021, DHS stopped applying the protocols to newly-arrived individuals.)

Veterans’ True Choice Act of 2025

United States · United States Congress · 9 January 2025

Veterans' True Choice Act of 2025 This bill allows covered veterans to receive coverage under TRICARE Select, a health care program of the Department of Defense (DOD). Veterans covered by this bill include those with service-connected disabilities, former prisoners of war, Purple Heart recipients, Medal of Honor recipients, those discharged from service due to disability, and those entitled to disability compensation. The Department of Veterans Affairs (VA) must reimburse DOD's costs of enrolling eligible veteran beneficiaries in the program. A covered veteran may not concurrently receive medical care from DOD and the VA.

To name the Department of Veterans Affairs community-based outpatient clinic in Lubbock, Texas, as the "General Bernie Mittemeyer VA Clinic".

United States · United States Congress · 9 January 2025

This bill designates the community-based outpatient clinic of the Department of Veterans Affairs in Lubbock, Texas, as the General Bernie Mittemeyer VA Clinic.

Special Interest Alien Reporting Act of 2025

United States · United States Congress · 9 January 2025

Special Interest Alien Reporting Act of 2024 [ sic ] This bill requires the Department of Homeland Security (DHS) to report every month on non-U.S. nationals ( aliens under federal law) who attempt to unlawfully enter the United States and who potentially pose a national security risk. DHS must report on (1) the number of individuals, (2) the nationalities or countries of last residence of these individuals, and (3) the location of the encounters.

No Tax Dollars for Terrorists Act

United States · United States Congress · 9 January 2025

No Tax Dollars for Terrorists Act This bill requires the Department of State to develop and implement a strategy to discourage foreign countries and nongovernmental organizations from providing financial or material support to the Taliban, including by using U.S.-provided foreign assistance to discourage countries and organizations from providing such support to the Taliban. The State Department must report to Congress on (1) foreign countries and nongovernmental organizations that have provided financial or material support to the Taliban and U.S. efforts to oppose such support; (2) the strategy to discourage such support and a plan for the strategy's implementation; (3) U.S.-funded direct cash assistance programs in Afghanistan; and (4) the Afghan Fund, including Taliban influence over Da Afghanistan Bank (the Afghan central bank).

No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025

United States · United States Congress · 22 January 2025

No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025 This bill modifies provisions relating to federal funding for, and health insurance coverage of, abortions. Specifically, the bill prohibits the use of federal funds for abortions or for health coverage that includes abortions. Such restrictions extend to the use of funds in the budget of the District of Columbia. Additionally, abortions may not be provided in a federal health care facility or by a federal employee. Historically, language has been included in annual appropriations bills for the Department of Health and Human Services (HHS) that prohibits the use of federal funds for abortions—such language is commonly referred to as the Hyde Amendment. Similar language is also frequently included in appropriations bills for other federal agencies and the District of Columbia. The bill makes these restrictions permanent and extends the restrictions to all federal funds (rather than specific agencies). The bill's restrictions regarding the use of federal funds do not apply in cases of rape, incest, or where a physical disorder, injury, or illness endangers a woman's life unless an abortion is performed. The Hyde Amendment provides the same exceptions. The bill also prohibits qualified health plans from including coverage for abortions. Currently, qualified health plans may cover abortion, but the portion of the premium attributable to abortion coverage is not eligible for subsidies.

State Border Security Reimbursement Act of 2025

United States · United States Congress · 15 January 2025

State Border Security Reimbursement Act of 2025 This bill requires the federal government to reimburse eligible states for their border security expenses. To be eligible, a state must have expended more than $2.5 billion on border security and enforcement in the 10 years before this bill's enactment. If such a state provides by a certain deadline an accounting of all of its nonfederally funded border security expenses, the federal government must reimburse the full amount.

Miracle on Ice Congressional Gold Medal Act

United States · United States Congress · 15 January 2025

Miracle on Ice Congressional Gold Medal Act This bill provides for the award of Congressional Gold Medals to the members of the 1980 U.S. Olympic men's ice hockey team in recognition of the team's achievement at the 1980 Winter Olympic Games.

Repealing Big Brother Overreach Act

United States · United States Congress · 15 January 2025

Repealing Big Brother Overreach Act This bill repeals the Corporate Transparency Act. The act requires existing companies and newly created companies to report beneficial ownership information to the Department of the Treasury’s Financial Crimes Enforcement Network for purposes of addressing the financing of terrorism and money laundering.

Hearing Protection Act

United States · United States Congress · 15 January 2025

Declaration of Energy Independence Act

United States · United States Congress · 16 January 2025

Declaration of Energy Independence Act This bill reduces certain royalty rates, minimum bids, rental rates, and fees for onshore oil and gas leases on federal lands and modifies related leasing procedures. Specifically, the bill (1) decreases the royalty rate from 16 2/3% to 12 1/2% for developing oil and gas on federal lands, (2) lowers the minimum bid amount from $10.00 to $2.00 per acre for oil and gas leases on federal lands, and (3) decreases the rental rates from a maximum of $15.00 per acre to $1.50 per acre for the first five years and $2.00 per acre thereafter. The bill also eliminates the fee for expressing interest in a lease.  It also modifies leasing procedures to provide for noncompetitive leasing under certain circumstances. In addition, the bill modifies the conditions for the reinstatement of leases that have been cancelled or terminated, including by reducing the applicable royalty and rental rates.

RACE Act

United States · United States Congress · 16 January 2025

Restoring American Confidence in Elections Act or the RACE Act This bill establishes deadlines for states to count ballots and certify results in federal elections.  Specifically, the bill requires a state to finish counting the ballots cast in a federal election held in the state not later than 10:00 p.m. on the date of the election. Further, the state must certify the election results not later than 48 hours after the election.  The bill provides exceptions to these deadlines for bona fide emergencies (e.g., major disasters) or technical difficulties (e.g., malfunctioning election equipment or software).

CONTAINER Act

United States · United States Congress · 16 January 2025

Creating Obstructions Necessary to Address Illegal and Nefarious Entry Rapidly Act or CONTAINER Act This bill requires the Department of the Interior and the Forest Service to allow border states to place temporary, movable structures on federal lands adjacent to the U.S.-Canada and U.S.-Mexico borders without a special use authorization. Border states may place these structures on such lands for the purpose of securing the northern or southern border for a period of not more than one year. Interior and the Forest Service must approve extension requests in 90-day increments if U.S. Customs and Border Protection determines that operational control of the border area has not been achieved.

Protecting Access for Hunters and Anglers Act

United States · United States Congress · 16 January 2025

Protecting Access for Hunters and Anglers Act of 2025 This bill bars the Fish and Wildlife Service (FWS), the Bureau of Land Management (BLM), and the Forest Service from prohibiting or regulating the use of lead ammunition or tackle on federal land or water. The bill makes exceptions for specified existing regulations and where the FWS, the BLM, or the Forest Service determines that a decline in wildlife population at the specific unit of federal land or water is primarily caused by the use of lead in ammunition or tackle, based on the field data from such unit, and the state approves the regulations.

Recognizing that article I, section 10 of the United States Constitution explicitly reserves to the States the sovereign power to repel an invasion and defend their citizenry from the overwhelming and "imminent danger" posed by paramilitary, narco-terrorist cartels, terrorists and criminal actors who seized control of our southern border.

United States · United States Congress · 16 January 2025

This resolution declares that every state within the United States has the sovereign right to exclude any person who does not have the right to be there. It also declares that the states along the southern border (1) were invaded by terrorists, narco-terrorist cartels, and criminal actors from 2021 through 2024; and (2) have the sovereign and unilateral authority to defend themselves against such an invasion.

To amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.

United States · United States Congress · 16 January 2025

This bill increases the annual limit on the tax credit for qualified railroad track maintenance expenses (also referred to as the short line railroad tax credit) and expands eligibility for claiming the credit. Under current law, the tax credit is limited each tax year to $3,500 multiplied by the sum of the number of miles of railroad track owned or leased by the taxpayer (miles owned or leased) and the number of railroad track miles assigned to the taxpayer by a Class II or III railroad (miles assigned). This bill increases the annual limit to $6,100 multiplied by the sum of miles owned or leased and miles assigned. The $6,100 amount used in the calculation of the tax credit limit is adjusted for inflation for tax years beginning after 2025. The bill also expands eligibility for the tax credit to include gross expenses for maintaining railroad tracks owned or leased as of January 1, 2024. Under current law, the tax credit is limited to gross expenses for maintaining railroad tracks owned or leased as of January 1, 2015.

Chiropractic Medicare Coverage Modernization Act of 2025

United States · United States Congress · 16 January 2025

Chiropractic Medicare Coverage Modernization Act of 2025 This bill expands Medicare coverage of chiropractic services to include all services provided by chiropractors, rather than only subluxation corrections through manual manipulation of the spine.

ACES Act

United States · United States Congress · 16 January 2025

ACES Act This bill requires the Department of Veterans Affairs to enter into an agreement with the National Academies of Sciences, Engineering, and Medicine to study and report on the prevalence and mortality of cancers among veterans who served on active duty as aircrew members and regularly flew in fixed-wing aircraft.  

No Retaining Every Gun In a System That Restricts Your Rights Act

United States · United States Congress · 20 January 2025

No Retaining Every Gun In a System That Restricts Your Rights Act This bill modifies the retention requirements for firearm transaction records of federal firearms licensees (FFLs) that go out of business. Current law generally requires FFLs that go out of business to deliver their firearm transaction records to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). This bill removes the requirement for FFLs that go out of business to deliver their firearm transaction records to the ATF. Further, the bill requires the ATF to destroy all out-of-business records it has collected from FFLs.

Birthright Citizenship Act of 2025

United States · United States Congress · 21 January 2025

Birthright Citizenship Act of 2025 This bill limits birthright citizenship by redefining what it means to be subject to the jurisdiction of the United States. Currently, a person born in the United States and subject to U.S. jurisdiction is entitled to citizenship. Under the bill, a person is subject to U.S. jurisdiction if he or she is born to a parent who is (1) a U.S. citizen or national, (2) a lawful permanent resident residing in the United States, or (3) a non-U.S. national ( alien under federal law) with a lawful immigration status who is performing active service in the Armed Forces. The bill does not affect the citizenship or nationality status of any person born before the bill's enactment date.

TAKE IT DOWN Act

United States · United States Congress · 22 January 2025

Tools to Address Known Exploitation by Immobilizing Technological Deepfakes On Websites and Networks Act or the TAKE IT DOWN Act This bill generally prohibits the nonconsensual online publication of intimate visual depictions of individuals, both authentic and computer-generated, and requires certain online platforms to promptly remove such depictions upon receiving notice of their existence.  Specifically, the bill prohibits the online publication of intimate visual depictions of an adult subject where publication is intended to cause or does cause harm to the subject, and where the depiction was published without the subject’s consent or, in the case of an authentic depiction, was created or obtained under circumstances where the adult had a reasonable expectation of privacy; or a minor subject where publication is intended to abuse or harass the minor or to arouse or gratify the sexual desire of any person.  Violators are subject to mandatory restitution and criminal penalties, including prison, a fine, or both. Threats to publish intimate visual depictions of a subject are similarly prohibited under the bill and subject to criminal penalties.   Separately, covered platforms must establish a process through which subjects of intimate visual depictions may notify the platform of the existence of, and request removal of, an intimate visual depiction including the subject that was published without the subject’s consent. Covered platforms must remove such depictions within 48 hours of notification. Under the bill,  covered platforms are defined as public websites, online services, or applications that primarily provide a forum for user-generated content.

PARTS Act of 2025

United States · United States Congress · 22 January 2025

FARM Act

United States · United States Congress · 22 January 2025

Foreign Adversary Risk Management Act or the FARM Act This bill places the Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS). It also requires CFIUS to review any investment that could result in foreign control of any U.S. agricultural business. Further, the bill includes agricultural systems and supply chains in the definitions of critical infrastructure and critical technologies for the purposes of reviewing such investments. The Department of Agriculture and the Government Accountability Office must each annually analyze and report on foreign influence in the U.S. agricultural industry.

Promoting Domestic Energy Production Act

United States · United States Congress · 23 January 2025

Promoting Domestic Energy Production Act This bill allows corporations to reduce their adjusted financial statement income to account for certain intangible costs related to oil, gas, or geothermal well drilling and development for purposes of calculating the corporate alternative minimum tax. Under current law, a 15% corporate alternative minimum tax is imposed on a corporation with adjusted financial statement income exceeding an average of $1 billion for a consecutive three-year period (or an average of $100 million for a U.S. corporation that is part of a foreign parent multinational group if the adjusted financial statement income of such group exceeds an average of $1 billion for a consecutive three-year period). Adjusted financial statement income generally is the net income or loss reported on the corporation’s applicable financial statement for a tax year, with adjustments for specific items. This bill expands the reductions that may be made to a corporation’s adjusted financial statement income to include (1) intangible drilling and development costs incurred by an operator of a domestic oil, gas, or geothermal well that are allowed as a deduction in the current tax year when computing regular taxable income; and (2) any depletion expenses related to the intangible oil, gas, or geothermal well drilling and development costs.