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    <updateDate>2023-01-11T13:27:48Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:27:48Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <type>S</type>
    <introducedDate>2015-03-24</introducedDate>
    <congress>114</congress>
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        <systemCode>ssfi00</systemCode>
        <name>Finance Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2015-03-24T14:41:23Z</date>
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    <relatedBills>
      <item>
        <title>Medical Device Tax Elimination Act</title>
        <congress>114</congress>
        <number>1533</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2015-04-07</actionDate>
          <text>Referred to the Subcommittee on Health.</text>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
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      </item>
      <item>
        <title>Deficit Reduction Through Fair Oil Royalties Act</title>
        <congress>114</congress>
        <number>1310</number>
        <type>S</type>
        <latestAction>
          <actionDate>2015-06-09</actionDate>
          <text>Committee on Energy and Natural Resources. Hearings held.</text>
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        <relationshipDetails>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
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      <item>
        <actionDate>2015-03-24</actionDate>
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            <systemCode>ssfi00</systemCode>
            <name>Finance Committee</name>
          </item>
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        <sourceSystem>
          <name>Senate</name>
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        <text>Read twice and referred to the Committee on Finance.</text>
        <type>IntroReferral</type>
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      <item>
        <actionDate>2015-03-24</actionDate>
        <text>Introduced in Senate</text>
        <type>IntroReferral</type>
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        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
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        <bioguideId>M000133</bioguideId>
        <fullName>Sen. Markey, Edward J. [D-MA]</fullName>
        <firstName>Edward</firstName>
        <lastName>Markey</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>J.</middleName>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Accounting and auditing</name>
        </item>
        <item>
          <name>Energy prices</name>
        </item>
        <item>
          <name>Energy revenues and royalties</name>
        </item>
        <item>
          <name>Gulf of Mexico</name>
        </item>
        <item>
          <name>Health technology, devices, supplies</name>
        </item>
        <item>
          <name>Marine and coastal resources, fisheries</name>
        </item>
        <item>
          <name>Oil and gas</name>
        </item>
        <item>
          <name>Sales and excise taxes</name>
        </item>
        <item>
          <name>Tax administration and collection, taxpayers</name>
        </item>
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      <policyArea>
        <name>Taxation</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2015-03-24</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2015-06-12T17:43:24Z</updateDate>
        <text><![CDATA[ <p>This bill repeals the excise tax on medical devices and offsets the cost of such repeal by prohibiting: (1) major integrated oil companies from using the last-in, first-out (LIFO) accounting method; and (2) the issuance of new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to any person who does not renegotiate their existing leases to generate payment of royalties from such leases.</p>]]></text>
      </summary>
    </summaries>
    <title>A bill to repeal the medical device excise tax, and for other purposes.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>A bill to repeal the medical device excise tax, and for other purposes.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to repeal the medical device excise tax, and for other purposes.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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        <type>Introduced in Senate</type>
        <date>2015-03-24T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-114s844is/xml/BILLS-114s844is.xml</url>
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    <latestAction>
      <actionDate>2015-03-24</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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