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United States · Bill · S

S. 2820 (109th)

Fuel Emergency Relief Act

referredUnited States· United States Congress· EN

Introduced

17 May 2006

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

15 August 2025

Summary

Fuel Emergency Relief Act - Directs the Secretary of Energy to establish a fuel assistance block grant program to assist states to provide needs-based assistance to resident households of consumers of high-priced fuel. Amends the Internal Revenue Code to: (1) establish in the Treasury the Fuel Assistance Block Grant Trust Fund; and (2) require certain integrated oil taxpayers to adjust, according to a specified formula, the valuation of LIFO (Last In, First Out) inventories of crude oil, natural gas, or other petroleum product.

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Documents

3 official files

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