H.R. 3807 · 112th Congress
Guaranteed Energy Assistance Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MurphySponsorNo cosponsors.
Guaranteed Energy Assistance Act of 2011 - Amends the Internal Revenue Code to impose an excise tax on each barrel of oil extracted pursuant to any lease of federal onshore lands under the Mineral Leasing Act, the Mineral Leasing Act for Acquired Lands, or any other federal law, or any lease under the Outer Continental Shelf Lands Act.
What it does: CRS summary · Introduced in House · Jan 23, 2012
Guaranteed Energy Assistance Act of 2011 - Amends the Internal Revenue Code to impose an excise tax on each barrel of oil extracted pursuant to any lease of federal onshore lands under the Mineral Leasing Act, the Mineral Leasing Act for Acquired Lands, or any other federal law, or any lease under the Outer Continental Shelf Lands Act. Establishes the amount of such tax at the lesser of 50 cents per barrel or such amount as the Secretary of the Treasury estimates would result in aggregate revenue for a fiscal year equal to the excess of $5.1 billion over the amount appropriated for such fiscal year for providing assistance under the Low-Income Home Energy Assistance Act of 1981.
Establishes in the Treasury the Low-Income Home Energy Assistance Program Trust Fund (LIHEAP Trust Fund) to provide assistance under the Low-Income Home Energy Assistance Act of 1981. Limits the amount of such assistance to $5.1 billion in any fiscal year. Dedicates revenues from the tax on oil under this Act to such Fund.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Guaranteed Energy Assistance Act of 2011
Latest action (Mar 29, 2012): Referred to the Subcommittee on Higher Education and Workforce Training.
Policy area: Energy · Origin: House · Introduced: Jan 23, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.