HR 6000
110th Congress
House
Energy
Automobile industry
Buy American
Collective bargaining
Commerce
Economics and Public Finance
Energy efficiency
Excess profits tax
Federal advisory bodies
Federal aid to transportation
Foreign Trade and International Finance
Fuel consumption
Gas industry
Government Operations and Politics
Income tax
Labor and Employment
Labor contracts
Mass rapid transit
Motor buses
Motor vehicles
Gas Price Spike Act of 2008
Introduced: May 8, 2008
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 2008
Referred to the Subcommittee on Highways and Transit.
May 8, 2008
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 8, 2008
Introduced in House
Plain-English summary
Gas Price Spike Act of 2008 - Amends the Internal Revenue Code to impose a windfall profit tax on crude oil, natural gas, or products of crude oil or natural gas. Defines "windfall profit" as so much of the profit on a sale of crude oil, natural gas, or related products as exceeds a reasonable profit. Establishes the Reasonable Profits Board to determine levels of reasonable profit from the sale of such products.
Allows a tax credit for the purchase of certain fuel-efficient, American-made passenger vehicles.
Authorizes the Secretary of Transportation to make grants to operators of mass transit systems, including bus and commuter rail systems, to reduce passenger fares on such systems.
What's happening now
Referred to the Subcommittee on Highways and Transit.
Committees of jurisdiction
3