HR 2070 · 109th Congress 2005–2007, ended

Gas Price Spike Act of 2005

Introduced May 4, 2005 Originated House Sponsor Dennis J. Kucinich D-OH

Fact sheet Spreadsheet

Latest action · May 3, 2006 Sponsor introductory remarks on measure. (CR H1986-1987)

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.

  1. IntroducedMay 4, 2005
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Gas Price Spike Act of 2005 - Amends the Internal Revenue Code to impose a windfall profit tax on crude oil, natural gas, or products of crude oil or natural gas. Defines "windfall profit" as so much of the profit on a sale of crude oil, natural gas, or related products as exceeds a reasonable profit. Establishes the Reasonable Profits Board to determine levels of reasonable profit from the sale of such products.

Allows a tax credit for the purchase of certain fuel-efficient, American-made passenger vehicles.

Authorizes the Secretary of Transportation to make grants to operators of mass transit systems, including bus and commuter rail systems, to reduce passenger fares on such systems.

Cosponsors 51

Members who signed on, in the order they did. Signatures ran from May 4, 2005 to May 19, 2006; 33 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-CABarbara LeeOriginalMay 4, 2005
D-MABarney FrankOriginalMay 4, 2005
D-MIBart StupakOriginalMay 4, 2005
I-VTBernard SandersOriginalMay 4, 2005
D-CABob FilnerOriginalMay 4, 2005
D-CABrad ShermanOriginalMay 4, 2005
D-GACynthia A. McKinneyOriginalMay 4, 2005
D-MIDale E. KildeeOriginalMay 4, 2005
D-ILDanny K. DavisOriginalMay 4, 2005
D-CAHilda L. SolisOriginalMay 4, 2005
D-MAJames P. McGovernOriginalMay 4, 2005
D-NYJerrold NadlerOriginalMay 4, 2005
D-WAJim McDermottOriginalMay 4, 2005
D-MIJohn Conyers, Jr.OriginalMay 4, 2005
D-GAJohn LewisOriginalMay 4, 2005
Show all 51 cosponsors

Committees 2

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

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred May 4, 2005
HouseTransportation and Infrastructure Committee
Referred May 4, 2005
Highways and Transit Subcommittee
Referred May 5, 2005

Actions 6

Everything that happened, newest first.

  1. May 3, 2006Sponsor introductory remarks on measure. (CR H1986-1987)
  2. Sep 21, 2005Sponsor introductory remarks on measure. (CR E1913)
  3. May 5, 2005Referred to the Subcommittee on Highways, Transit and Pipelines.
  4. May 4, 2005Introduced in House
  5. May 4, 2005Sponsor introductory remarks on measure. (CR E867)
Show all 6 actions

In the Congressional Record 2

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.

WhereIn the RecordMembersDate
HouseDebate and remarks H1746Dennis J. Kucinich D-OHApr 26, 2006
ExtensionsDebate and remarks E867Dennis J. Kucinich D-OHMay 4, 2005

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 1

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

NumberHearingCommitteeHeld
Serial No. 109-102PETROLEUM REFINERIES: WILL RECORD PROFITS SPUR INVESTMENT IN NEW CAPACITY?139 pagesOversight and Government Reform CommitteeOct 19, 2005

CRS reports 2

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 2

Products on other subjects that cite it, usually among other measures.

Related bills 12

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 1631Windfall Profits Rebate Act of 2005Related billFeb 15, 2006
S 1809Recapture Excess Profits and Invest in Relief (REPAIR) Act of 2005Related billOct 3, 2005
S 1981Windfall Profits Tax Act of 2005Related billApr 25, 2006
S 2103A bill to impose a temporary windfall profits tax on crude oil and provide a rebate to each household from the revenues resulting from such tax.Related billDec 14, 2005
HR 3544Gasoline Price Stabilization Act of 2005Related billAug 8, 2005
Show all 12 related bills

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 impose a windfall profit tax on oil and natural gas (and products thereof) and to allow an income tax credit for purchases of fuel-efficient passenger vehicles, and to allow grants for mass transit.
Short Titles as Introduced
Gas Price Spike Act of 2005

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. May 4, 2005Introduced 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.