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HR 3807 112th Congress House Energy Energy assistance for the poor and aged Government trust funds Marine and coastal resources, fisheries Oil and gas Sales and excise taxes

Guaranteed Energy Assistance Act of 2011

Introduced: January 23, 2012 Introduced by: Murphy, Christopher Democratic · Connecticut 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
Mar 29, 2012
Referred to the Subcommittee on Higher Education and Workforce Training.
Jan 23, 2012
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and the Workforce, 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.
Jan 23, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Guaranteed Energy Assistance Act of 2011 - Amends the Internal Revenue Code to impose an excise tax on each barrel of oil extracted pursuant to any lease of federal onshore lands under the Mineral Leasing Act, the Mineral Leasing Act for Acquired Lands, or any other federal law, or any lease under the Outer Continental Shelf Lands Act. Establishes the amount of such tax at the lesser of 50 cents per barrel or such amount as the Secretary of the Treasury estimates would result in aggregate revenue for a fiscal year equal to the excess of $5.1 billion over the amount appropriated for such fiscal year for providing assistance under the Low-Income Home Energy Assistance Act of 1981.

Establishes in the Treasury the Low-Income Home Energy Assistance Program Trust Fund (LIHEAP Trust Fund) to provide assistance under the Low-Income Home Energy Assistance Act of 1981. Limits the amount of such assistance to $5.1 billion in any fiscal year. Dedicates revenues from the tax on oil under this Act to such Fund.

What's happening now March 29, 2012

Referred to the Subcommittee on Higher Education and Workforce Training.

 Committees of jurisdiction 4