Renewable Investment and Consumer Protection Act

Summary

Renewable Investment and Consumer Protection Act - Establishes in the Treasury a Clean Energy Fund, to which shall be appropriated an amount equivalent to the increase in revenues resulting from a tax imposed on each repurchase of outstanding shares of stock by a major integrated oil company pursuant to a stock buyback program. Appropriates amounts in the fund as follows: (1) 60% to offset the cost of subsequent legislation to accelerate the use of clean domestic renewable energy resources and alternative fuels, promote energy efficiency and conservation, and increase research, development, and deployment of clean renewable energy and energy efficiency technologies; and (2) 40% for carrying out the Low-Income Home Energy Assistance program. Amends the Internal Revenue Code to impose the oil company stock repurchase transaction tax.

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Timeline

1. 22 May 2008

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Science and Technology, and Education and Labor, 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

2. 22 May 2008

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Science and Technology, and Education and Labor, 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

3. 22 May 2008

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 May 2008

   Introduced

   Introduced in House

   Source: IntroReferral

5. 23 May 2008

   Introduced

   Sponsor introductory remarks on measure. (CR E1088-1089)

   Source: IntroReferral

6. 3 June 2008

   Referred

   Referred to the Subcommittee on Energy and Environment.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 May 2008 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 May 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 May 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 May 2008

  Open at official source

Sponsors

• Sen. Markey, Edward J. [D-MA] · D · Sponsor
• · hssy00 · Standing
• · hsed00 · Standing
• · hsif00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.