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S 1588 111th Congress Senate

STOP Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide the same tax treatment for both commercial and noncommercial investors in oil and natural gas and … Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to provide the same tax treatment for both commercial and noncommercial investors in oil and natural gas and related commodities, and for other purposes.

Introduced: August 6, 2009 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
Taxation Capital gains taxCommodities marketsCongressional oversightIncome tax rates
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Oil and gasTax-exempt organizations
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 6, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8998-8999)
Aug 6, 2009
Sponsor introductory remarks on measure. (CR S8997-8998)
Aug 6, 2009
Introduced in Senate
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 Latest action August 6, 2009

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8998-8999)

 Plain-English summary Congressional Research Service

Stop Tax-breaks for Oil Profiteering Act or the STOP Act - Amends the Internal Revenue Code to: (1) treat gain or loss from the sale or exchange of oil or natural gas and related commodities as ordinary income or loss (thus taxed at regular income tax rates); and (2) require certain tax-exempt entities to pay unrelated business tax on gain or loss from the sale or exchange of oil or natural gas and related commodities. Makes such tax treatment applicable to commodities acquired after August 31, 2009, and before January 1, 2014.

Directs the Secretary of the Treasury to study and report to Congress on the tax treatment of certain commodities and contracts under section 1256 of the Internal Revenue Code.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1588: STOP Act. 111th Congress. Open America. https://openamerica.io/bill/111-S-1588/
MLA
"S. 1588: STOP Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1588/.
Bluebook (legal)
S. 1588, 111th Cong. (2026), https://openamerica.io/bill/111-S-1588/.
Markdown link
[S. 1588: STOP Act](https://openamerica.io/bill/111-S-1588/)
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