Oil Independence, Limiting Subsidies, and Accelerating Vehicle Efficiency (OILSAVE) Act
Latest action · Jun 14, 2007 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7734-7735)
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.
- IntroducedJun 14, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Oil Independence, Limiting Subsidies, and Accelerating Vehicle Efficiency (OILSAVE) Act - Amends the Internal Revenue Code to allow a tax credit for the purchase of a new qualified fuel-efficient motor vehicle. Defines "new qualified fuel-efficient motor vehicle" as a passenger automobile with a fuel economy rating of not less than 34.5 miles per gallon or a light truck with a 27.5 miles per gallon rating which are manufactured for model years 2009-2011.
Expresses the sense of the Senate that the cost of this Act shall be offset by equivalent revenues in related legislation.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jun 14, 2007.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-UT | Robert F. Bennett | Original | Jun 14, 2007 |
Actions 3
Everything that happened, newest first.
- Jun 14, 2007Introduced in Senate
- Jun 14, 2007Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7734-7735)
- Jun 14, 2007Sponsor introductory remarks on measure. (CR S7734)
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3315 | To provide that the great hall of the Capitol Visitor Center shall be known as Emancipation Hall. | Text similarities | Dec 18, 2007 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jun 14, 2007Introduced in Senate
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.