3.0.0 2372 2023-01-11T16:03:26Z 2023-01-11T16:03:26Z House H HR 2007-05-17 110 hsru00 Rules Committee House Standing Referred to 2007-05-17T14:03:35Z hsbu00 Budget Committee House Standing Referred to 2007-05-17T14:03:30Z hswm00 Ways and Means Committee House Standing Referred to 2007-05-17T14:03:25Z 2007-05-17 Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2007-05-17 Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2007-05-17 Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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. IntroReferral H11100-A 9 Library of Congress 2007-05-17 Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-05-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-05-17 Introduced in House IntroReferral 1000 9 Library of Congress D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 N K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2007-05-17 True C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2007-05-17 True F000043 Rep. Fattah, Chaka [D-PA-2] CHAKA FATTAH D PA 2 2007-05-17 True S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 2007-05-21 False C001037 Rep. Capuano, Michael E. [D-MA-8] MICHAEL CAPUANO D MA E. 8 2007-05-21 False W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2007-05-23 False Taxation Air pollution control Alternative energy sources Commerce Congress Corporation taxes Economics and Public Finance Energy Energy conservation Energy efficiency Energy prices Energy research Environmental Protection Environmental technology Excess profits tax Excise tax Government trust funds Income tax Indexing (Economic policy) Legislation Petroleum industry Research and development Science, Technology, Communications Tax deductions Taxation 00 2007-05-17 Introduced in House 2007-06-19T20:01:38Z Windfall Energy Alternatives for the Nation (WEAN) Off of Oil Act of 2007 or the WEAN Off of Oil Act of 2007 - Amends the Internal Revenue Code to impose upon major integrated oil companies an excise tax of 50 percent of their net windfall profits from the production of taxable crude oil in a taxable year. Defines "windfall profit" as the excess of the removal price (sales price) of a barrel of taxable crude oil over the adjusted base price of such barrel (i.e., $50 per barrel, adjusted for inflation). Terminates such tax three years after the enactment of this Act.

Allows a tax deduction for the payment of any windfall profit tax.

Establishes a separate account to be funded by windfall profit tax receipts (to be known as the Strategic Energy Efficiency and Renewables Reserve) for the purpose of financing legislation to: (1) accelerate the use of clean domestic renewable energy resources and alternative fuels; (2) promote the utilization of energy-efficient products, practices, and conservation; and (3) increase research, development, and deployment of clean renewable energy and efficiency technologies.

]]> WEAN Off of Oil Act of 2007 Display Title WEAN Off of Oil Act of 2007 Official Title as Introduced To amend the Internal Revenue Code of 1986 to impose a temporary windfall profit tax on crude oil, to make the revenues from such tax available for investments in renewable energy and energy efficiency, and for other purposes. Introduced in House IH Short Titles as Introduced WEAN Off of Oil Act of 2007 Short Titles as Introduced Windfall Energy Alternatives for the Nation (WEAN) Off of Oil Act of 2007 Introduced in House 2007-05-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2372ih/xml/BILLS-110hr2372ih.xml 2007-05-17 Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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. 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.