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United States · Bill · HR

H.R. 3379 (111th)

LOPSIDED Oil Prices Act of 2009

referredUnited States· United States Congress· EN

Introduced

29 July 2009

Last action

29 July 2009 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. DeFazio, Peter A. [D-OR-4], Rep. Oberstar, James L. [D-MN-8], Rep. Miller, George [D-CA-11], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Rahall, Nick J., II [D-WV-3], Rep. Boswell, Leonard L. [D-IA-3], Rep. Capuano, Michael E. [D-MA-8], Rep. Lipinski, Daniel [D-IL-3], Rep. Cummings, Elijah E. [D-MD-7], Rep. Dicks, Norman D. [D-WA-6], Rep. Hinchey, Maurice D. [D-NY-22], Sen. Hirono, Mazie K. [D-HI], Rep. Thompson, Mike [D-CA-4], Rep. Kildee, Dale E. [D-MI-5], Rep. Hare, Phil [D-IL-17], Rep. Baird, Brian [D-WA-3], Rep. Kaptur, Marcy [D-OH-9], Rep. Mollohan, Alan B. [D-WV-1], Rep. Stark, Fortney Pete [D-CA-13], Rep. Wu, David [D-OR-1], Rep. Costello, Jerry F. [D-IL-12], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Filner, Bob [D-CA-51], Rep. Perriello, Thomas S.P. [D-VA-5], Rep. Bishop, Timothy H. [D-NY-1], Rep. Napolitano, Grace F. [D-CA-32], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Larson, John B. [D-CT-1], Rep. Olver, John W. [D-MA-1], Rep. Carnahan, Russ [D-MO-3], Rep. Blumenauer, Earl [D-OR-3]

Subjects

Transport, Taxation

Source updated

14 August 2025

Transport · Taxation

Official sourceDownload fileView documentsShare

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.

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

Timeline

  1. 29 July 2009

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 29 July 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 29 July 2009

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 29 July 2009

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  • Introduced in House (PDF)

    Introduced in House · EN · 29 July 2009

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 29 July 2009

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Sponsors

Related records

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Sources

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