H.R. 4835 amends the Defense Production Act of 1950 to prevent the federal government from discriminating against energy companies based on their energy source when using certain wartime economic authorities. Specifically, the bill prohibits the President from denying financial support and other assistance under the Defense Production Act to companies involved in fossil fuel exploration, development, production, or sales, except when the support directly relates to energy production itself. The legislation effectively limits the government's ability to steer resources away from fossil fuel industries during national emergencies or through strategic investment programs. The bill carves out an exception for environmental protection purposes and applies to key financial assistance sections of the Defense Production Act. No specific funding amounts or implementation timelines are specified in the legislation.
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