legislation: 106-s-3118

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
106-s-3118 106 s 3118 Windfall Oil Profits for Heating Assistance Act of 2000 Taxation 2000-09-27 2000-10-25 Sponsor introductory remarks on measure. (CR S10992-10993) Senate Sen. Leahy, Patrick J. [D-VT] VT D L000174 0 Windfall Oil Profits For Heating Assistance Act of 2000 - Amends the Internal Revenue Code to impose an excise tax on the windfall profit from removed domestic crude oil (and products thereof) at a rate equal to 100 percent of such windfall profit. Defines "windfall profit" as, with respect to any removal of crude oil or taxable product, so much of the profit on such removal as exceeds a reasonable profit.Directs the Federal Trade Commission to investigate the profits of the oil industry and make reasonable profit determinations. Authorizes appropriations.Establishes the Windfall Oil Profits Trust Fund consisting amounts equivalent to the taxes received pursuant to the excise tax established by this Act. Provides for expenditures from the Fund for heating assistance to consumers and small businesses. 2025-08-20T14:20:48Z  

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