US HB1347 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on April 4 2011 - 25% progression, died in committee
Action: 2011-05-13 - Referred to the Subcommittee on Terrorism, Nonproliferation, and Trade.
Pending: House Subcommittee on Terrorism, Nonproliferation, and Trade Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Oil Price Reduction Act of 2011- Prohibits U.S. bilateral assistance and arms exports (not including humanitarian assistance) to any country that is a major net oil exporter, including any country that is a member of the Organization of Petroleum Exporting Countries (OPEC), if such country is engaged in oil price fixing to the detriment of the U.S. economy. Amends the Internal Revenue Code to allow taxpayers who drive a highway vehicle fueled by gasoline or diesel fuel a $1,000 tax credit in the taxpayer's last taxable year ending in 2011.

Tracking Information

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Title

Oil Price Reduction Act of 2011

Sponsors


History

DateChamberAction
2011-05-13HouseReferred to the Subcommittee on Terrorism, Nonproliferation, and Trade.
2011-04-04HouseReferred to House Foreign Affairs
2011-04-04HouseReferred to House Ways and Means
2011-04-04HouseReferred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, 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.

Subjects


US Congress State Sources


Bill Comments

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