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S 1093 111th Congress Senate Taxation Climate change and greenhouse gases Energy efficiency and conservation Government information and archives Income tax credits Motor carriers Motor fuels Motor vehicles Sales and excise taxes

OILSAVE Act

Introduced: May 20, 2009 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5708-5710)
May 20, 2009
Sponsor introductory remarks on measure. (CR S5704-5706)
May 20, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Oil Independence, Limiting Subsidies, and Accelerating Vehicle Efficiency Act or the OILSAVE Act - Amends the Internal Revenue Code to: (1) allow a new tax credit for the purchase of fuel-efficient motor vehicles; (2) allow a business-related tax credit for the installation of fuel savings components in motor vehicles; and (3) revise the gas guzzler tax for automobiles with fuel economy ratings of less than 24.2 miles per gallon of gasoline (or equivalent amount of other fuel) consumed.

Increases civil penalties for violations of manufacturer corporate average fuel economy (CAFE) standards.

Amends the Energy Policy Act of 2005 to require: (1) the Administrator of the Environmental Protection Agency (EPA) to implement a program to support deployment of low-greenhouse gas and fuel-saving technologies; and (2) the Secretary of Commerce to define and collect data on characteristics of the U.S. truck fleet, with emphasis on data relating to fuel efficiency and greenhouse gas performance.

What's happening now May 20, 2009

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5708-5710)

 Committees of jurisdiction 1