United States · Bill · HR
H.R. 7103 (117th)
Stop Profiting Off Putin’s War Act
Introduced
16 March 2022
Last action
16 March 2022 · Introduced
Status
Referred to the House Committee on Ways and Means.
Sponsors
Rep. Maloney, Sean Patrick [D-NY-18]
Subjects
Taxation
Source updated
3 January 2025
Summary
Stop Profiting Off Putin's War Act This bill imposes a 50% excise tax through 2023 on the adjusted taxable income of certain major integrated oil companies during calendar quarters when the national average price of unleaded gasoline is equal to or greater than the national average price of unleaded gasoline on February 24, 2022, the day of the Russian invasion of Ukraine. The rate of such tax is increased to 75% for companies that raise prices in response to this new tax. The bill requires tax revenues to be paid as rebates to eligible individuals and establishes the Gas Profit Recovery Fund to finance the payment of such rebates.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
16 March 2022
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
16 March 2022
Introduced
Introduced in House
Source: IntroReferral
16 March 2022
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 16 March 2022 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 16 March 2022
Introduced in House (PDF)
Introduced in House · EN · 16 March 2022
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Introduced in House
summary · EN · 16 March 2022
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Maloney, Sean Patrick [D-NY-18] · D · Sponsor
- · hswm00 · Standing
Related records
- related to → Big Oil Windfall Profits Tax Act
- related to → Stop Gas Price Gouging Tax and Rebate Act
- related to → Big Oil Windfall Profits Tax Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/7103
- Open data entity: https://api.congress.gov/v3/bill/117/hr/7103
- us · 117-hr-7103 · source updated 3 January 2025