US Congress House Bill 1959 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on May 24 2011 - 25% progression, died in committee
Action: 2011-09-08 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]

Pain at the Pump Act - Amends the Internal Revenue Code to repeal certain tax incentives for oil and gas companies, including: (1) the tax credit for enhanced oil recovery, (2) the tax credit for producing oil and gas from marginal wells, (3) the expensing allowance for intangible drilling and development costs, (4) the tax deduction for tertiary injectant expenses, (5) the exception to passive loss limitations for working interests in oil and gas properties, and (6) percentage depletion for oil and gas wells. Denies a tax deduction for income attributable to the domestic production, refining, processing, transportation, or distribution of oil, gas, or any primary product thereof. Extends the required amortization period for geological and geophysical expenditures. Expresses the sense of Congress that increases in revenue resulting from this Act should be used to make additional expenditures for clean energy programs, including for alternative fuel technology, research and development, clean energy loan guarantees, and low-income home energy assistance.

Pain at the Pump Act

Rep. Paul Tonko [D-NY]	Rep. Corrine Brown [D-FL]	Rep. Andre Carson [D-IN]	Rep. John Lewis [D-GA]
Rep. John Olver [D-MA]

Date	Chamber	Action
2011-09-08	House	Referred to the Subcommittee on Higher Education and Workforce Training.
2011-06-09	House	Referred to the Subcommittee on Energy and Environment.
2011-06-03	House	Referred to the Subcommittee on Energy and Power.
2011-05-24	House	Referred to House Education and the Workforce
2011-05-24	House	Referred to House Science, Space, and Technology
2011-05-24	House	Referred to House Energy and Commerce
2011-05-24	House	Referred to House Ways and Means
2011-05-24	House	Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Science, Space, and Technology, and Education and the Workforce, 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.

HB4231 (Related) 2012-03-21 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1959/all-info
Text	https://www.congress.gov/112/bills/hr1959/BILLS-112hr1959ih.pdf