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HR 3379 111th Congress House

LOPSIDED Oil Prices Act of 2009

Official title: To amend the Internal Revenue Code of 1986 to impose a tax on transactions in oil futures and options and to deposit the revenues from the tax into the Highway Trust Fund.

Introduced: July 29, 2009 See on congress.gov
Taxation Commodities marketsFinancial services and investmentsGovernment trust fundsOil and gas
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Roads and highwaysSales and excise taxesTax administration and collection, taxpayersTransportation programs funding
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Jul 29, 2009
Referred to the House Committee on Ways and Means.
Jul 29, 2009
Introduced in House
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 Latest action July 29, 2009

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Lowering Oil Price Speculation for Infrastructure Dedicated to Economic Development Act of 2009 or the LOPSIDED Oil Prices Act of 2009 - Amends the Internal Revenue Code to: (1) impose an excise tax on transactions in oil futures and options, to be paid by the trading facility on which the transactions occur or the buyer of the transactions; (2) require withholding of such tax; and (3) deposit revenues from the tax into the Highway Trust Fund. Exempts from such tax certain commercial oil traders and bona fide hedging transactions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 5
Hare, Phil
· Jul 29, 2009
 D
Hirono, Mazie K.
Hawaii · Jul 29, 2009
 D
Kaptur, Marcy
Ohio · Jul 29, 2009
 D
Larson, John B.
Connecticut · Jul 29, 2009
 D
Norton, Eleanor Holmes
District of Columbia · Jul 29, 2009
Perriello, Thomas
· Jul 29, 2009
 D
Thompson, Mike
California · Jul 29, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3379: LOPSIDED Oil Prices Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-3379/
MLA
"H.R. 3379: LOPSIDED Oil Prices Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-3379/.
Bluebook (legal)
H.R. 3379, 111th Cong. (2026), https://openamerica.io/bill/111-HR-3379/.
Markdown link
[H.R. 3379: LOPSIDED Oil Prices Act of 2009](https://openamerica.io/bill/111-HR-3379/)
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