API Applauds House Passage Of Bipartisan Tax Bill, Urges Senate To Act Swiftly

The American Petroleum Institute (API) released the following statement today from API Executive Vice President and Chief Advocacy Officer Amanda Eversole after the House approved the Tax Relief for American Families and Workers Act of 2024:

"We thank Speaker Johnson and Chairman Smith for their leadership in passing the Tax Relief for American Families and Workers Act. This bipartisan legislation is critical to our industry’s ability to produce affordable and reliable energy, support American jobs and strengthen U.S. competitiveness. We urge the Senate to build on this progress and act quickly to send this bill to President Biden’s desk."

About API
API represents all segments of America’s natural gas and oil industry, which supports nearly 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.