HR 1482 · 111th Congress · Taxation

Consumer Reasonable Energy Price Protection Act of 2009

Introduced 2009-03-12· Sponsored by Rep. Kanjorski, Paul E. [D-PA-11]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Appropriations(2009-03-12)

Plain Language Summary

[AI summary unavailable — showing source text] Consumer Reasonable Energy Price Protection Act of 2009 - 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