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HR 5551 101th Congress House Taxation Excess profits tax Finance and Financial Sector Government corporations Petroleum Petroleum prices

To amend the Internal Revenue Code of 1986 to reinstate the windfall profit tax on domestic crude oil and to appropriate the proceeds of the tax to the Resolution Trust Corporation.

Introduced: September 5, 1990 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 5, 1990
Referred to the House Committee on Ways and Means.
Sep 5, 1990
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to reinstate the windfall profit tax on domestic crude oil. Terminates such tax after the last full month the Resolution Trust Corporation is in existence. Appropriates revenues received from such tax to the Corporation.

What's happening now September 5, 1990

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Sep 13, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5551: To amend the Internal Revenue Code of 1986 to reinstate the windfall profit tax on domestic crude oil and to appropriate the proceeds of the tax to the Resolution Trust Corporation.. 101st Congress. Open America. https://openamerica.io/bill/101-HR-5551/
MLA
"H.R. 5551: To amend the Internal Revenue Code of 1986 to reinstate the windfall profit tax on domestic crude oil and to appropriate the proceeds of the tax to the Resolution Trust Corporation.." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-5551/.
Bluebook (legal)
H.R. 5551, 101st Cong. (2026), https://openamerica.io/bill/101-HR-5551/.
Markdown link
[H.R. 5551: To amend the Internal Revenue Code of 1986 to reinstate the windfall profit tax on domestic crude oil and to appropriate the proceeds of the tax to the Resolution Trust Corporation.](https://openamerica.io/bill/101-HR-5551/)
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