S. 3275Senate112th Congress (2011-2013)In Committee

Master Limited Partnerships Parity Act

Introduced June 7, 2012

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3842)

June 7, 2012

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SenateIntro Referral

Introduced in Senate

June 7, 2012

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S3841-3842)

June 7, 2012

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3842)

June 7, 2012

Floor Debate

23 members

What members said about S. 3275 on the floor

11 Republicans12 Democrats
Jeff Sessions
Sen. Jeff SessionsR-AL · Jun 7, 2012

Mr. President, I know the Senator is the assistant leader. The majority has a lot of things to do. If he would like to finish now, I would be pleased to yield. The American people are all worried…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Jun 7, 2012

Mr. President, political leaders on the Democratic side of the aisle are now preemptively charging the Supreme Court with judicial activism if that Court would strike down President Obama's health…

Ron Wyden
Sen. Ron WydenD-OR · Jun 7, 2012

Madam President, I came to the floor to talk about legislating. I was struck, in fact, by the comments recently because what I am here to talk about is essentially the yeoman's bipartisanship we have…

John Hoeven
Sen. John HoevenR-ND · Jun 7, 2012

Mr. President, I rise to speak in support of the farm bill which is now before the Senate. As a member of the Senate Agriculture Committee, I worked, together with my fellow committee members, on a…

Harry Reid
Sen. Harry ReidD-NV · Jun 7, 2012

Mr. President, I move to proceed to Calendar No. 415, S. 3240. Mr. President, we are now on the motion to proceed to the farm bill. Mr. President, the time until 10:30 a.m. will be equally divided…

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Saxby Chambliss
Sen. Saxby ChamblissR-GA · Jun 7, 2012

Madam President, I rise today to speak on S. 3240, the legislation to reauthorize the farm bill. As a former chairman and former ranking member of the Agriculture Committee in the Senate, I recognize…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Jun 7, 2012

Mr. President, are we in morning business? I ask consent to speaking as in morning business. Mr. President, I listened carefully to the speech given on health care reform, and I would like to put in…

John McCain
Sen. John McCainR-AZ · Jun 7, 2012

I would like to thank Senator Moran of Kansas for a very moving tribute to those who have served and sacrificed. I know the people of Kansas join him in expressing their gratitude for their service…

Joseph I. Lieberman
Sen. Joseph I. LiebermanD-CT · Jun 7, 2012

Madam President, it is an honor to join in this colloquy with my friend from Arizona, though I obviously take no pleasure in it because it is an outcry--a cri de coeur--an outcry of the heart about…

Debbie Stabenow
Sen. Debbie StabenowD-MI · Jun 7, 2012

Mr. President, today the Senate will vote to move forward on the Agriculture Reform, Food, and Jobs Act, also known as the farm bill. I hope my colleagues will vote to join us and begin the debate…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · Jun 7, 2012

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. Mr. President, today the House of Representatives will vote on the Health Care Cost Reduction Act of 2012. I…

Christopher A. Coons
Sen. Christopher A. CoonsD-DE · Jun 7, 2012

Mr. President, when it comes to America's energy policy, Republicans and Democrats alike have made it clear they support an all- of-the-above energy strategy. As the Presiding Officer knows, serving…

Christopher A. Coons
Sen. Christopher A. CoonsD-DE · Jun 7, 2012

Mr. President, when it comes to America's energy policy, Republicans and Democrats alike have made it clear they support an all- of-the-above energy strategy. As the Presiding Officer knows, serving…

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John Thune
Sen. John ThuneR-SD · Jun 7, 2012

Madam President, earlier today the majority leader and the majority whip came to the floor to decry and denounce, attack Republicans for what appeared to be literally everything bad that has happened…

Mike Lee
Sen. Mike LeeR-UT · Jun 7, 2012

Mr. President, I stand today to respond to what I believe are irresponsible and dangerous attacks on the legitimacy of the Supreme Court of the United States. Over a 3-day period, beginning on March…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · Jun 7, 2012

Madam President, I rise in support of the words of the majority leader and the majority whip. Many of us have been frustrated lately by the glacial pace of activity in the House of Representatives.…

Daniel Coats
Sen. Daniel CoatsR-IN · Jun 7, 2012

Madam President, I ask unanimous consent that the order for the quorum call be rescinded. Madam President, I just returned from a week back home in Indiana where I had the opportunity to meet with…

Patty Murray
Sen. Patty MurrayD-WA · Jun 7, 2012

Madam President, I come today to talk--as my colleagues have discussed--about the fact that Republicans in the House of Representatives seem ready to pack it in for the year. Led by their majority…

Kent Conrad
Sen. Kent ConradD-ND · Jun 7, 2012

Mr. President, I want to say that the Senator has provided brilliant leadership on this legislation. I am in my 26th year here. I have never seen a chairwoman so personally and directly engaged to…

Sheldon Whitehouse
Sen. Sheldon WhitehouseD-RI · Jun 7, 2012

Madam President, I ask unanimous consent that the order for the quorum call be rescinded. I ask permission to speak as in morning business. Madam President, we are always wise in this Chamber to…

Sherrod Brown
Sen. Sherrod BrownD-OH · Jun 7, 2012

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. I ask unanimous consent to speak as in morning business for up to 10 minutes. Mr. President, I come to the…

Jeanne Shaheen
Sen. Jeanne ShaheenD-NH · Jun 7, 2012

Mr. President, actually, I am not here to play the blame game. I am here to talk about a place where we in the Senate have found real bipartisan consensus. It is an issue that is critical to us in…

Mitch McConnell
Sen. Mitch McConnellR-KY · Jun 7, 2012

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. Mr. President, it has been a week now since the Republican leadership in the Senate and the House sent several…

John Barrasso
Sen. John BarrassoR-WY · Jun 7, 2012

Mr. President, I would just like to comment on that. Because it does not matter how long one is here, all we need do is pick up the newspaper or pick up the National Journal. I agree with my…

Bill Text

Latest available legislative text

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Introduced in SenateIssued June 7, 2012

II

112th CONGRESS

2d Session

S. 3275

IN THE SENATE OF THE UNITED STATES

June 7, 2012

Mr. Coons (for himself, Mr. Moran, Mr. Tester, Mr. Franken, Ms. Klobuchar, Mr. Whitehouse, and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels, and for other purposes.

1.

Short title

This Act may be cited as the Master Limited Partnerships Parity Act.

2.

Extension of publicly traded partnership ownership structure to energy power generation projects and transportation fuels

(a)

In general

Subparagraph (E) of section 7704(d)(1) of the Internal Revenue Code of 1986 is amended by striking , industrial source carbon dioxide, and all that follows and inserting or of any industrial source carbon dioxide; or the generation, storage, or transmission to the electrical grid of electric power exclusively utilizing any resource described in section 45(c)(1) or energy property described in section 48, or the accepting or processing of such resource or property for such utilization; or the generation or storage of thermal power exclusively utilizing any such resource or property; or the transportation or storage of any fuel described in subsection (b), (c), (d), or (e) of section 6426; or the production for sale by the taxpayer, the transportation, or the storage of any renewable fuel described in section 211(o)(1)(J) of the Clean Air Act (42 U.S.C. 7545(o)(1)(J)),.

(b)

Effective date

The amendment made by this section shall take effect on the date of the enactment of this Act, in taxable years ending after such date.