Consumer Relief and Investment in Our Future Act

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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D CarnahanSponsor

No cosponsors.

Consumer Relief and Investment in Our Future Act - Requires the Secretary of the Interior to suspend and renegotiate the application of royalty relief for oil or natural gas production if specified prices prevail.

What it does: CRS summary · Introduced in House · Jul 25, 2006

Requires royalties from oil or gas production on federal lands to be deposited in the Treasury and made available to the Secretary of Energy for: (1) certain biomass programs administered by the Assistant Secretary of Energy for Energy Efficiency and Renewable Energy; (2) FreedomCAR and Vehicle Technologies Program, including the Clean Cities Program; and (3) the Hydrogen, Fuel Cells, and Infrastructure Program.

Authorizes appropriations for the National Institute of Standards and Technology's Advanced Technology Program.

Amends the Internal Revenue Code to: (1) impose a windfall profits tax on crude oil; and (2) reduce highway motor fuel taxes.

Amends the Energy Policy Act of 2005 to repeal specified tax credits, including: (1) production from advanced nuclear power facilities; (2) investment in clean coal facilities; and (3) production of fuel from a non-conventional source for facilities producing coke or coke gas.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Consumer Relief and Investment in Our Future Act

Latest action (Aug 16, 2006): Referred to the Subcommittee on Energy.

Policy area: Energy · Origin: House · Introduced: Jul 25, 2006

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.