United States · Bill · HR
H.R. 3379 (111th)
LOPSIDED Oil Prices Act of 2009
Introduced
29 July 2009
Last action
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Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
Summary
Lowering Oil Price Speculation for Infrastructure Dedicated to Economic Development Act of 2009 or the LOPSIDED Oil Prices Act of 2009 - Amends the Internal Revenue Code to: (1) impose an excise tax on transactions in oil futures and options, to be paid by the trading facility on which the transactions occur or the buyer of the transactions; (2) require withholding of such tax; and (3) deposit revenues from the tax into the Highway Trust Fund. Exempts from such tax certain commercial oil traders and bona fide hedging transactions.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 29 July 2009
Introduced in House (PDF)
Introduced in House · EN · 29 July 2009
Introduced in House
summary · EN · 29 July 2009
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/111th-congress/house-bill/3379
- Open data entity: https://api.congress.gov/v3/bill/111/hr/3379