Establishes a trust fund for investments in oil and gas communities.

The bill amends the Internal Revenue Code to create the Oil and Gas Community Trust Fund. This fund will receive 3% of net revenues from specified oil or gas companies. The trust will support infrastructure and public service investments in eligible oil and gas communities, which are defined as those within 50 miles of a major oil or gas export port. Payments will be proportionate to each port region's share of national exports.

Establishes a trust fund for investments in oil and gas communities.

The bill amends the Internal Revenue Code to create the Oil and Gas Community Trust Fund. This fund will receive 3% of net revenues from specified oil or gas companies. The trust will support infrastructure and public service investments in eligible oil and gas communities, which are defined as those within 50 miles of a major oil or gas export port. Payments will be proportionate to each port region's share of national exports.