3.0.0 2480 2023-01-11T16:17:54Z 2023-01-11T16:17:54Z House H HR 2007-05-24 110 hsif00 Energy and Commerce Committee House Standing hsif03 Energy, Climate and Grid Security Subcommittee Referred to 2007-05-24T19:50:14Z Referred to 2007-05-24T14:04:20Z hswm00 Ways and Means Committee House Standing Referred to 2007-05-24T14:04:15Z 2007-05-24 hsif03 Energy, Climate and Grid Security Subcommittee 1 House committee actions Referred to the Subcommittee on Energy and Air Quality. Committee 2007-05-24 Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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 hsif00 Energy and Commerce Committee 2007-05-24 Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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 2007-05-24 Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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 2007-05-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-05-24 Introduced in House IntroReferral 1000 9 Library of Congress H001030 Rep. Hill, Baron P. [D-IN-9] BARON HILL D IN P. 9 N B001258 Rep. Boyda, Nancy E. [D-KS-2] Nancy Boyda D KS E. 2 2007-05-24 True M001168 Rep. Murphy, Patrick J. [D-PA-8] Patrick Murphy D PA J. 8 2007-06-12 False K000365 Rep. Kagen, Steve [D-WI-8] Steve Kagen D WI 8 2007-06-19 False Energy Alcohol as fuel Commerce Compressed natural gas Congress Congressional agencies Congressional investigations Congressional reorganization Congressional reporting requirements Depreciation and amortization Diesel motor Economics and Public Finance Energy prices Excise tax Federal advisory bodies Government trust funds Petroleum Petroleum industry Petroleum refineries Tax credits Tax deductions Tax exemption Tax rates Tax refunds Taxation Transportation and Public Works Energy 00 2007-05-24 Introduced in House 2007-07-02T19:08:36Z Gas Price Relief Act of 2007 - Amends the Internal Revenue Code to suspend certain federal motor fuel excise taxes until the average price of unleaded regular gasoline is less than $3.00 per gallon for a period of six consecutive months (suspension period). Provides for adjustments to such excise taxes for floor stocks of motor fuels held by dealers prior to or after the suspension period.

Repeals provisions allowing a taxpayer election to expense the cost of qualified refinery property. Transfers to the Highway Trust Fund increased tax revenues resulting from such repeal.

Requires the Federal Trade Commission (FTC) to monitor gasoline prices in the United States and to report to Congress on its findings.

Requires the Speaker of the House of Representatives to establish a Commission on Gas Price Relief to study the causes of high oil prices.

]]> Gas Price Relief Act of 2007 Display Title Gas Price Relief Act of 2007 Official Title as Introduced To amend the Internal Revenue Code of 1986 to suspend the Federal motor fuel excise taxes until the average price of unleaded gasoline is below $3 per gallon for at least 6 months. Introduced in House IH Short Titles as Introduced Gas Price Relief Act of 2007 Introduced in House 2007-05-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2480ih/xml/BILLS-110hr2480ih.xml 2007-05-24 Referred to the Subcommittee on Energy and Air Quality. 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.