SHELTER Act of 2018
Latest action · Dec 20, 2018 Referred to the Committee on Ways and Means, and in addition to the Committees on Natural Resources, Financial Services, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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.
- IntroducedDec 20, 2018
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Stronger, Healthier Environment for Low-Income Tenants and Economic Renewal Act of 2018 or the SHELTER Act of 2018
This bill limits or repeals several tax deductions, credits, and related rules that benefit major integrated oil companies. It also repeals royalty relief (suspension of royalties) for (1) natural gas production from deep wells in shallow waters of the Gulf of Mexico, and (2) deep water oil and gas production in the Western and Central Planning Area of the Gulf (including a specified portion of the Eastern Planning Area).
Any increase in revenues as a result of this bill must be credited to the Housing Trust Fund, which provides funding to states for activities to increase affordable housing. The bill also specifies requirements for the fund regarding funding for (1) environmental rehabilitation activities, and (2) childhood lead prevention.
Cosponsors 1
Members who signed on, in the order they did. All signed on Dec 20, 2018.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MI | Brenda L. Lawrence | Original | Dec 20, 2018 |
Committees 4
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 Dec 20, 2018 |
| House | Natural Resources Committee | Referred Dec 20, 2018 |
| House | Financial Services Committee | Referred Dec 20, 2018 |
| House | Budget Committee | Referred Dec 20, 2018 |
Actions 2
Everything that happened, newest first.
- Dec 20, 2018Introduced in House
- Dec 20, 2018Referred to the Committee on Ways and Means, and in addition to the Committees on Natural Resources, Financial Services, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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.
Constitutional authority
The sponsor’s statement, as printed in the page H10511.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1710 | Close Big Oil Tax Loopholes Act | Related bill | Aug 2, 2017 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To eliminate certain tax breaks and benefits and use the savings for investment in affordable housing for extremely low- and very low-income families, and for other purposes.
- Short Titles as Introduced
- SHELTER Act of 2018
- Stronger, Healthier Environment for Low-Income Tenants and Economic Renewal Act of 2018
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Administrative law and regulatory procedures
- Child safety and welfare
- Energy revenues and royalties
- Government trust funds
- Hazardous wastes and toxic substances
- Health information and medical records
- Housing supply and affordability
- Income tax credits
- Income tax deductions
- Low- and moderate-income housing
- Oil and gas
- Residential rehabilitation and home repair
- Taxation
- Taxation of foreign income
Text 1
Each version as it was printed, newest first.
- Dec 20, 2018Introduced in House
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.
