Consumer Relief and Investment in Our Future Act

Bill: 109-hr-5874
Sponsor: Rep. Carnahan, Russ [D-MO-3]
Introduced: 2006-07-25 in the House
Policy area: Energy
Subjects: Air pollution control
Alternative energy sources
Authorization
Biomass energy
Coal
Coke industry
Commerce
Corporation taxes
Department of Commerce
Depletion allowances
Depreciation and amortization
Economics and Public Finance
Electric power production
Electric power transmission
Electric vehicles
Energy prices
Environmental Protection
Environmental technology
Excess profits tax
Excise tax
Fuel cells
Gas industry
Gas pipelines
Gasoline
Geology
Geophysical prediction
Geothermal resources
Government Operations and Politics
Government trust funds
Infrastructure
Motor vehicle pollution control
Natural gas vehicles
Nuclear energy
Nuclear facilities
Nuclear power plants
Oil and gas leases
Oil and gas royalties
Petroleum
Petroleum industry
Petroleum pipelines
Petroleum refineries
Public Lands and Natural Resources
Science, Technology, Communications
Small business
Solar energy
Tax credits
Tax deductions
Tax refunds
Taxation
Technological innovations
Transportation and Public Works
Wind power

Summary:
action_date: 2006-07-25
text: 
Consumer Relief and Investment in Our Future Act - Requires the Secretary of the Interior to suspend and renegotiate the application of royalty relief for oil or natural gas production if specified prices prevail.
 
Requires royalties from oil or gas production on federal lands to be deposited in the Treasury and made available to the Secretary of Energy for: (1) certain biomass programs administered by the Assistant Secretary of Energy for Energy Efficiency and Renewable Energy; (2) FreedomCAR and Vehicle Technologies Program, including the Clean Cities Program; and (3) the Hydrogen, Fuel Cells, and Infrastructure Program.
 
Authorizes appropriations for the National Institute of Standards and Technology's Advanced Technology Program.
 
Amends the Internal Revenue Code to: (1) impose a windfall profits tax on crude oil; and (2) reduce highway motor fuel taxes.
 
Amends the Energy Policy Act of 2005 to repeal specified tax credits, including: (1) production from advanced nuclear power facilities; (2) investment in clean coal facilities; and (3) production of fuel from a non-conventional source for facilities producing coke or coke gas.


Legislative actions:
action_date: 2006-08-16
text: Referred to the Subcommittee on Energy.
action_date: 2006-08-16
text: Referred to the Subcommittee on Environment, Technology, and Standards.
action_date: 2006-08-01
text: Referred to the Subcommittee on Energy and Mineral Resources.
action_date: 2006-08-01
text: Executive Comment Requested from Interior.
action_date: 2006-07-25
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Resources, and Science, 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.
action_date: 2006-07-25
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Resources, and Science, 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.
action_date: 2006-07-25
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Resources, and Science, 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.
action_date: 2006-07-25
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Resources, and Science, 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.
action_date: 2006-07-25
text: Introduced in House
action_date: 2006-07-25
text: Introduced in House