HR 1986 · 107th Congress 2001–2003, ended

Municipal Utility Natural Gas Supply Act Of 2001

Introduced May 24, 2001 Originated House Sponsor Mac Collins R-GA

Latest action · May 24, 2001 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedMay 24, 2001
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Municipal Utility Natural Gas Supply Act of 2001 - Amends the Internal Revenue Code to exclude from the definition of the term "investment property," as such term is used in defining "higher yield investments," any prepayment on a supply contract for the purpose of obtaining a supply of natural gas reasonably expected to be used by a utility which is owned and operated by a State or local government, or any State or local government political subdivision or instrumentality (thus permitting municipal gas systems to use their tax-exempt borrowing authority to fund the purchase of long-term, prepaid supplies of natural gas).

Cosponsors 31

Members who signed on, in the order they did. Signatures ran from May 24, 2001 to Aug 2, 2001; 20 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
D-LA	Christopher John	Original	May 24, 2001
D-GA	Cynthia A. McKinney	Original	May 24, 2001
R-FL	E. Clay Shaw Jr.	Original	May 24, 2001
R-TN	Ed Bryant	Original	May 24, 2001
R-KY	Ed Whitfield	Original	May 24, 2001
R-GA	Jack Kingston	Original	May 24, 2001
R-LA	Jim McCrery	Original	May 24, 2001
R-LA	John Cooksey	Original	May 24, 2001
D-GA	John Lewis	Original	May 24, 2001
R-GA	John Linder	Original	May 24, 2001
D-SC	John M. Spratt, Jr.	Original	May 24, 2001
D-TN	John S. Tanner	Original	May 24, 2001
R-GA	Johnny Isakson	Original	May 24, 2001
D-FL	Karen L. Thurman	Original	May 24, 2001
D-KY	Ken Lucas	Original	May 24, 2001
R-FL	Mark Foley	Original	May 24, 2001
R-GA	Nathan Deal	Original	May 24, 2001
R-AL	Robert B. Aderholt	Original	May 24, 2001
R-KY	Ron Lewis	Original	May 24, 2001
R-GA	Saxby Chambliss	Original	May 24, 2001
R-GA	Charles W. Norwood		Jun 5, 2001
R-GA	Bob Barr		Jun 12, 2001
D-GA	Sanford D. Bishop, Jr.		Jun 19, 2001
R-IA	Tom Latham		Jun 19, 2001
R-TN	Van Hilleary		Jun 28, 2001
D-CA	Anna G. Eshoo		Jul 27, 2001
R-LA	David Vitter		Jul 27, 2001
D-FL	Jim Davis		Jul 27, 2001
D-FL	Peter Deutsch		Aug 1, 2001
R-LA	Richard H. Baker		Aug 1, 2001
R-TN	Zach Wamp		Aug 2, 2001

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Ways and Means Committee	Referred May 24, 2001

Actions 3

Everything that happened, newest first.

May 24, 2001Introduced in House
May 24, 2001Sponsor introductory remarks on measure. (CR E931-932)
May 24, 2001Referred to the House Committee on Ways and Means.

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

Where	In the Record	Members	Date
Extensions	Debate and remarks E931	Mac Collins R-GA	May 24, 2001

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Printed hearings 2

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

Number	Hearing	Committee	Held
Serial No. 107-25	THIRD IN SERIES ON EFFECT OF FEDERAL TAX LAWS ON THE PRODUCTION, SUPPLY, AND CONSERVATION OF ENERGY129 pages	Ways and Means Committee	Jun 13, 2001
Serial No. 107-27	SECOND IN SERIES ON EFFECT OF FEDERAL TAX LAWS ON THE PRODUCTION, SUPPLY, AND CONSERVATION OF ENERGY130 pages	Ways and Means Committee	Jun 12, 2001

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To amend the Internal Revenue Code of 1986 to allow the proceeds from bonds to be used for prepayments for natural gas.
Short Titles as Introduced: Municipal Utility Natural Gas Supply Act Of 2001

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

May 24, 2001Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.