[Congressional Record Volume 161, Number 8 (Friday, January 16, 2015)]
[Senate]
[Page S244]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 50. Mr. HATCH submitted an amendment intended to be proposed by 
him to the bill S. 1, to approve the Keystone XL Pipeline; which was 
ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. CLARIFICATION OF TAR SANDS AS CRUDE OIL FOR EXCISE 
                   TAX PURPOSES.

       (a) In General.--Paragraph (1) of section 4612(a) of the 
     Internal Revenue Code of 1986 is amended to read as follows:
       ``(1) Crude oil.--The term `crude oil' includes--
       ``(A) crude oil condensates and natural gasoline, and
       ``(B) in the case of any calendar quarter beginning more 
     than 60 days after the date on which the certification under 
     subsection (g) is made, synthetic petroleum, any bitumen or 
     bituminous mixture, any oil derived from a bitumen or 
     bituminous mixture, and any oil derived from kerogen-bearing 
     sources.''.
       (b) Technical Amendment.--Paragraph (2) of section 4612(a) 
     of such Code is amended by adding at the end the following 
     new sentence: ``In the case of any calendar quarter beginning 
     more than 60 days after the date on which the certification 
     under subsection (g) is made, the preceding sentence shall be 
     applied without regard to whether the crude oil is produced 
     from a well.''.
       (c) Certification That Modification Will Not Increase Price 
     of Gasoline.--Section 4612 of such Code is amended by adding 
     at the end the following new subsection:
       ``(g) Special Rule Relating to Definition of Crude Oil.--
     The Secretary shall not make a certification under this 
     subsection unless the Secretary, in consultation with the 
     Secretary of Commerce, determines that the provisions of 
     subparagraph (B) of subsection (a)(1) and the second sentence 
     of subsection (a)(2) will not result in any increase in the 
     retail price of gasoline in the United States.''.
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