3.0.0 1973 2023-01-13T04:49:35Z 2023-01-13T04:49:35Z Senate S S 2005-11-08 109 ssfi00 Finance Committee Senate Standing Referred to 2005-11-08T16:27:23Z 2005-11-08 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12528-12530) IntroReferral 2005-11-08 Sponsor introductory remarks on measure. (CR S12528) IntroReferral B00100 9 Library of Congress 2005-11-08 Introduced in Senate IntroReferral 10000 9 Library of Congress S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI N Energy Administrative procedure Appropriations Civil actions and liability Commerce Competition Consumer protection Crime and Law Enforcement Economics and Public Finance Electronic government information Energy assistance for the poor Energy prices Federal Trade Commission Fines (Penalties) Gasoline Government Operations and Politics Government paperwork Income tax Independent regulatory commissions Law Parties to actions Petroleum Petroleum industry Price discrimination Profit Restrictive trade practices Social Welfare Tax rebates Taxation Wholesale trade Energy 00 2005-11-08 Introduced in Senate 2006-01-13T17:33:44Z Energy Tax Rebate Act of 2005 - Amends the Internal Revenue Code to provide a formula for an energy tax rebate to eligible individuals for the taxable year beginning in 2005.

Expresses the sense of the Senate that Congress should appropriate $5.1 billion for FY2006 and each subsequent fiscal year for the Low-Income Home Energy Assistance Program (LIHEAP) under the Low-Income Home Energy Assistance Act of 1981.

Declares it is unlawful for any person to sell crude oil, gasoline, or petroleum distillates at a price that: (1) is unconscionably excessive; or (2) indicates the seller is taking unfair advantage of circumstances to increase prices unreasonably.

Prohibits geographic price-setting and territorial restrictions.

Empowers the Federal Trade Commission (FTC) and the State Attorneys General to enforce this Act.

Sets forth civil and criminal penalties for violations of this Act.

Directs the FTC to: (1) facilitate price transparency in markets for the sale of crude oil and essential petroleum products at wholesale; (2) seek to ensure that consumers and competitive markets are protected from the adverse effects of potential collusion or other anticompetitive behaviors that can be facilitated by untimely public disclosure of transaction-specific information; and (3) conclude a memorandum of understanding with the Commodity Futures Trading Commission and other appropriate agencies relating to information sharing.

]]> Energy Tax Rebate Act of 2005 Display Title Energy Tax Rebate Act of 2005 Official Title as Introduced A bill to provide an immediate Federal income tax rebate to help taxpayers with higher fuel costs, to express the sense of the Senate regarding full funding of LIHEAP, and to provide consumer protections against fuel price gouging, and for other purposes. Introduced in Senate IS Short Titles as Introduced Energy Tax Rebate Act of 2005 Popular Titles Price Gouging bill 9 Library of Congress Introduced in Senate 2005-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s1973is/xml/BILLS-109s1973is.xml 2005-11-08 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12528-12530) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.