HR 5800 · 110th Congress · Taxation

Consumer Reasonable Energy Price Protection Act of 2008

Introduced 2008-04-15· Sponsored by Rep. Kanjorski, Paul E. [D-PA-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, 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.(2008-04-15)

Plain Language Summary

[AI summary unavailable — showing source text] Consumer Reasonable Energy Price Protection Act of 2008 - Amends the Internal Revenue Code to impose a windfall profit tax on crude oil, natural gas, or fuel which is the product of crude oil or natural gas. Defines "windfall profit" as so much of the profit as exceeds a reasonable profit. Establishes a Reasonable Profits Board to determine reasonable profit. Dedicates the proceeds of such tax to the low-income home energy assistance program.…

Summarized by Claude AI · Non-partisan · For informational purposes only