API Applauds House Ways and Means Committee Passage of Budget Reconciliation Bill

WASHINGTON, May 14, 2025 – American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement after the House Ways and Means Committee approved its portion of the budget reconciliation bill:
 
“We congratulate Chairman Jason Smith and the House Ways and Means Committee for passing a tax plan that supports American energy leadership. We look forward to working with Congress on a final tax package that strengthens pro-investment policies, accelerates innovation and advances global competitiveness.” 

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.