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United States · Bill · HR

H.R. 7099 (117th)

Stop Gas Price Gouging Tax and Rebate Act

referredUnited States· United States Congress· EN

Introduced

16 March 2022

Last action

16 March 2022 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. DeFazio, Peter A. [D-OR-4], Rep. Takano, Mark [D-CA-39], Rep. Tlaib, Rashida [D-MI-12], Rep. Porter, Katie [D-CA-47], Rep. Carson, André [D-IN-7], Rep. Cohen, Steve [D-TN-9], Rep. Kaptur, Marcy [D-OH-9], Rep. García, Jesús G. "Chuy" [D-IL-4], Rep. Titus, Dina [D-NV-1], Rep. Jones, Mondaire [D-NY-17], Rep. Ross, Deborah K. [D-NC-2], Rep. Grijalva, Raúl M. [D-AZ-7], Sen. Welch, Peter [D-VT], Rep. Malinowski, Tom [D-NJ-7], Rep. Jayapal, Pramila [D-WA-7], Rep. Underwood, Lauren [D-IL-14], Rep. Pingree, Chellie [D-ME-1], Rep. Barragán, Nanette Diaz [D-CA-44], Rep. Horsford, Steven [D-NV-4], Rep. Bowman, Jamaal [D-NY-16], Sen. Schiff, Adam B. [D-CA], Rep. Scanlon, Mary Gay [D-PA-5], Rep. Quigley, Mike [D-IL-5], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Mrvan, Frank J. [D-IN-1], Marie Newman, Rep. Lieu, Ted [D-CA-36], Rep. Smith, Adam [D-WA-9], Rep. McCollum, Betty [D-MN-4], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. McGovern, James P. [D-MA-2], Sen. Gallego, Ruben [D-AZ], Michael San Nicolas, Rep. Cleaver, Emanuel [D-MO-5], Rep. Huffman, Jared [D-CA-2], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Ruppersberger, C. A. Dutch [D-MD-2], Rep. DeSaulnier, Mark [D-CA-10], Rep. Sherman, Brad [D-CA-32], Rep. Brown, Shontel M. [D-OH-11], Rep. Strickland, Marilyn [D-WA-10], Rep. Langevin, James R. [D-RI-2], Rep. Axne, Cynthia [D-IA-3], Rep. Lowenthal, Alan S. [D-CA-47], Rep. Craig, Angie [D-MN-2], Rep. Crow, Jason [D-CO-6], Rep. DeGette, Diana [D-CO-1], Rep. Dean, Madeleine [D-PA-4]

Subjects

Energy, Taxation

Source updated

7 April 2025

Energy · Taxation

Official sourceDownload fileView documentsShare

Summary

Stop Gas Price Gouging Tax and Rebate Act This bill imposes an excise tax of 50% of the excess of the windfall profit of a producer of crude oil (including crude oil condensates and natural gasoline) that has an average daily worldwide production of crude oil of at least 300,000 barrels for the taxable year, and had gross receipts in excess of $1 billion for its last taxable year during 2005. The bill defines windfall profit as the excess of the adjusted taxable income of such producer for taxable year 2022 over the reasonably inflated average profit for such taxable year. The bill requires payment of energy price rebates to eligible individuals.

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

Timeline

  1. 16 March 2022

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 16 March 2022

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 16 March 2022

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 16 March 2022

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  • Introduced in House (PDF)

    Introduced in House · EN · 16 March 2022

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 16 March 2022

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Sponsors

Showing 48 of 49 sponsors and actors.

Related records

Sources

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