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HR 295 102th Congress House Taxation Energy assistance for the poor Energy policy Excess profits tax Government trust funds Petroleum Public assistance programs Residential energy conservation

Petroleum Producers Burden Sharing Act

Introduced: January 3, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) 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
Jan 3, 1991
Referred to the House Committee on Ways and Means.
Jan 3, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

Petroleum Producers Burden Sharing Act - Amends the Internal Revenue Code to reinstate the windfall profit tax on domestic crude oil. Terminates such tax: (1) after the expiration of the first four calendar quarters beginning after the date of enactment of this section; or (2) after the expiration of the first six such calendar quarters, if the President determines that a continuing energy price crisis exists.

Establishes the Low Income Energy Support Trust Fund to fund the grant program under the Low-Income Home Energy Assistance Act of 1981 and the weatherization program under the Energy Conservation in Existing Buildings Act of 1976. Transfers to such Fund 33 percent of the taxes received from the windfall profit tax on domestic crude oil.

What's happening now January 3, 1991

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
D
Neal, Richard E.
Massachusetts · Jan 30, 1991
 I
Sanders, Bernard
Vermont · Jan 30, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 295: Petroleum Producers Burden Sharing Act. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-295/
MLA
"H.R. 295: Petroleum Producers Burden Sharing Act." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-295/.
Bluebook (legal)
H.R. 295, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-295/.
Markdown link
[H.R. 295: Petroleum Producers Burden Sharing Act](https://openamerica.io/bill/102-HR-295/)
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