Gas Price Spike Act of 2005

openUnited States· United States Congress· EN

Introduced

4 May 2005

Last action

3 May 2006 · Introduced

Status

Sponsor introductory remarks on measure. (CR H1986-1987)

Sponsors

Rep. Kucinich, Dennis J. [D-OH-10], Rep. Serrano, Jose E. [D-NY-15], Rep. Abercrombie, Neil [D-HI-1], Rep. DeFazio, Peter A. [D-OR-4], Rep. Frank, Barney [D-MA-4], Rep. McDermott, Jim [D-WA-7], Rep. Solis, Hilda L. [D-CA-32], Rep. Filner, Bob [D-CA-51], Rep. Carson, Julia [D-IN-7], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Lantos, Tom [D-CA-12], Rep. Lee, Barbara [D-CA-12], Rep. McGovern, James P. [D-MA-2], Rep. McKinney, Cynthia A. [D-GA-4], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Owens, Major R. [D-NY-11], Rep. Strickland, Ted [D-OH-6], Rep. Conyers, John, Jr. [D-MI-13], Rep. Davis, Danny K. [D-IL-7], Sen. Sanders, Bernard [I-VT], Rep. Farr, Sam [D-CA-20], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Evans, Lane [D-IL-17], Rep. Nadler, Jerrold [D-NY-12], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Sherman, Brad [D-CA-32], Rep. Lewis, John [D-GA-5], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Visclosky, Peter J. [D-IN-1], Rep. Kildee, Dale E. [D-MI-5], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Kaptur, Marcy [D-OH-9], Rep. Olver, John W. [D-MA-1], Rep. Stupak, Bart [D-MI-1], Rep. Berman, Howard L. [D-CA-28], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. Fattah, Chaka [D-PA-2], Sen. Baldwin, Tammy [D-WI], Rep. Tierney, John F. [D-MA-6], Rep. Sánchez, Linda T. [D-CA-38], Rep. Meehan, Martin T. [D-MA-5], Rep. Moran, James P. [D-VA-8], Rep. Neal, Richard E. [D-MA-1], Rep. Honda, Michael M. [D-CA-15], Rep. Wynn, Albert Russell [D-MD-4], Sen. Markey, Edward J. [D-MA], Rep. Watson, Diane E. [D-CA-33], Rep. McNulty, Michael R. [D-NY-23]

Subjects

Energy, Taxation

Source updated

15 August 2025

Energy · Taxation

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Summary

Gas Price Spike Act of 2005 - Amends the Internal Revenue Code to impose a windfall profit tax on crude oil, natural gas, or products of crude oil or natural gas. Defines "windfall profit" as so much of the profit on a sale of crude oil, natural gas, or related products as exceeds a reasonable profit. Establishes the Reasonable Profits Board to determine levels of reasonable profit from the sale of such products. Allows a tax credit for the purchase of certain fuel-efficient, American-made passenger vehicles. Authorizes the Secretary of Transportation to make grants to operators of mass transit systems, including bus and commuter rail systems, to reduce passenger fares on such systems.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

4 May 2005
Introduced
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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.
Source: IntroReferral
4 May 2005
Introduced
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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.
Source: IntroReferral
4 May 2005
Introduced
Sponsor introductory remarks on measure. (CR E867)
Source: IntroReferral
4 May 2005
Introduced
Introduced in House
Source: IntroReferral
4 May 2005
Introduced
Introduced in House
Source: IntroReferral
5 May 2005
Referred
Referred to the Subcommittee on Highways, Transit and Pipelines.
Source: Committee
21 September 2005
Introduced
Sponsor introductory remarks on measure. (CR E1913)
Source: IntroReferral
3 May 2006
Introduced
Sponsor introductory remarks on measure. (CR H1986-1987)
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 4 May 2005 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 4 May 2005
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Introduced in House (PDF)
Introduced in House · EN · 4 May 2005
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Introduced in House
summary · EN · 4 May 2005
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Related records

related to ← Gasoline Price Stabilization Act of 2005
related to ← Gas Price Relief Act of 2005
related to ← Consumer Reasonable Energy Price Protection Act of 2005
related to ← Windfall Profits Rebate Act of 2005
related to ← Consumer Windfall Excess Oil Profits Protection Act of 2005
related to ← Windfall Profits and Consumer Assistance Act of 2005
related to ← To amend the Internal Revenue Code of 1986 to impose a temporary windfall profit tax on crude oil and to use the proceeds to carry out the Low-Income Home Energy Assistance Act of 1981.
related to ← Consumer Energy Assistance and Fairness Act of 2005

Showing 8 of 12 related records.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/109th-congress/house-bill/2070
Open data entity: https://api.congress.gov/v3/bill/109/hr/2070
us · 109-hr-2070 · source updated 15 August 2025