# 119-s-4604: Protecting America’s Small Oil and Gas Producers and Rural Jobs Act

119-s-4604, Protecting America’s Small Oil and Gas Producers and Rural Jobs Act, is a 119th Congress bill sponsored by Sen. Marshall, Roger [R-KS] (R-KS); status introduced; PRIA reads it as touching household money (as of 2026-08-01).

- Canonical: https://policyrisk.com/legislation/119-s-4604
- As of: 2026-08-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4604
- Congress: 119
- Title: Protecting America’s Small Oil and Gas Producers and Rural Jobs Act
- Status: introduced
- Introduced: 2026-05-20
- Sponsor: Sen. Marshall, Roger [R-KS] (R-KS)
- Cosponsors: 7
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-01

## Summary

**Expand tax depletion benefits for marginal oil and gas producers.** This bill would change percentage depletion rules, remove a taxable income limit for marginal properties, and raise the depletable oil quantity threshold. - Small oil and gas producers: Would set a base 15% depletion rate that can rise up to 25% tied to crude oil prices. - Owners of marginal wells: Would remove the taxable income limit for depletion on marginal properties and raise the depletable oil quantity from 1,000 to 2,000 barrels. - Taxpayers and compliance: Changes apply to tax years beginning after Dec 31, 2026 and include a Producer Price Index adjustment to update the price benchmark in later years.

## Cosponsors (7)

- Sen. Cassidy, Bill [R-LA] (R-LA), 2026-05-20T00:00:00.000Z
- Sen. Moran, Jerry [R-KS] (R-KS), 2026-05-20T00:00:00.000Z
- Sen. Lankford, James [R-OK] (R-OK), 2026-06-08T00:00:00.000Z
- Sen. Daines, Steve [R-MT] (R-MT), 2026-06-16T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2026-06-16T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2026-06-23T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2026-07-30T00:00:00.000Z

## Provisions PRIA read

- Higher tax breaks for small oil producers: benefit, high. If enacted, owners of marginal oil and gas properties would be able to claim higher percentage depletion for those properties. The applicable percentage would start at 15% and would rise by 1 percentage point for each whole dollar the calendar year reference price for crude oil exceeds $70, capped…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-3752: SAVE America Act
- 119-s-401: Fair Access to Banking Act
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025
- 119-s-6: Born-Alive Abortion Survivors Protection Act

## Sources
- [119-s-4604 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4604)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-s-186)
- [119-s-6: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-s-6)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4604 (as of 2026-08-01).