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API Statement on Senate Finance Committee Reconciliation Proposal

Issues / News & Press Releases / API Statement on Senate Finance Committee Reconciliation Proposal

WASHINGTON, June 16, 2025 — American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement after the Senate Finance Committee released its proposed markup of the 2025 reconciliation bill: 

“We applaud Chairman Crapo and the Senate Finance Committee for presenting a tax plan that fortifies America’s energy advantage. This proposal strengthens key investment provisions and encourages oil and natural gas development to meet growing demand for affordable, reliable energy. We look forward to working with Congress to get the One Big Beautiful Bill across the finish line and ensure a final tax package that 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.

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