S. 168 — Energy for America’s Economic Future Act

This section establishes in the Treasury of the United States the Debt Reduction Fund. Effective 100 days after enactment, it requires quarterly deposits into the fund of (1) 25% of total revenue—defined as bonus bids, royalties, rentals, and fees disbursed to the Treasury as miscellaneous receipts—from onshore and offshore federal oil and gas lease sales under the Mineral Leasing Act (30 U.S.C. 181 et seq.), the Mineral Leasing Act for Acquired Lands (30 U.S.C. 351 et seq.), or the Outer Continental Shelf Lands Act (43 U.S.C. 1331 et seq.); and (2) 25% of total revenue generated by activities associated with Executive Order 14141 (90 Fed. Reg. 5469; relating to advancing United States leadership in artificial intelligence infrastructure). It directs the Secretary of the Treasury to apply all fund amounts solely to redeem outstanding Treasury securities held by the public or other debt instruments by the end of each fiscal quarter, thereby reducing federal debt principal. (Thus, these revenues are diverted from the general fund.) It further requires the Secretary to report to Congress initially within one year of enactment and quarterly thereafter on deposits, redemptions, and resulting debt reductions.