H.R. 1426House113th Congress (2013-2015)In Committee

Big Oil Welfare Repeal Act of 2013

Introduced April 9, 2013

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

April 9, 2013

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HouseIntro Referral

Introduced in House

April 9, 2013

HouseIntro Referral

Referred to the House Committee on Ways and Means.

April 9, 2013

Floor Debate

6 members

What members said about H.R. 1426 on the floor

2 Republicans4 Democrats
Rob Bishop
Rep. Rob BishopR-UT-1 · Jun 25, 2014

Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 641 and ask for its immediate consideration. Mr. Speaker, for the purpose of debate only, I yield the customary 30…

Alcee L. Hastings
Rep. Alcee L. HastingsD-FL-20 · Jun 25, 2014

Mr. Speaker, I yield myself such time as I may consume. I thank the gentleman, my friend from Utah (Mr. Bishop), for yielding me the customary 30 minutes for debate. Mr. Speaker, I join my good…

Rob Bishop
Rep. Rob BishopR-UT-1 · Apr 10, 2013

Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 140 and ask for its immediate consideration. Mr. Speaker, for the purpose of debate only, I yield the customary 30…

Louise McIntosh Slaughter
Rep. Louise McIntosh SlaughterD-NY-25 · Apr 10, 2013

Good afternoon, Mr. Speaker. I thank the gentleman from Utah for yielding me the customary 30 minutes and yield myself such time as I may consume. Mr. Speaker, last Friday we received the news that…

Scott R. Tipton
Rep. Scott R. TiptonR-CO-3 · Apr 10, 2013

I thank Chairman Bishop for yielding. When we're talking about job creation in this country, I think it's worthy to note I just traveled through the Third Congressional District of Colorado visiting…

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Timothy H. Bishop
Rep. Timothy H. BishopD-NY-1 · Jun 25, 2014

Mr. Speaker, I thank my colleague for yielding. I rise to urge defeat of the previous question to allow consideration of my legislation, the Big Oil Welfare Repeal Act, which would finally end middle…

Lois Capps
Rep. Lois CappsD-CA-24 · Jun 25, 2014

I thank my colleague for yielding. Mr. Speaker, I rise today in strong opposition to this rule and the underlying bill. H.R. 4899 is yet another example of the majority's backward energy policy that…

Bill Text

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Introduced in HouseIssued April 9, 2013

I

113th CONGRESS

1st Session

H. R. 1426

IN THE HOUSE OF REPRESENTATIVES

April 9, 2013

Mr. Bishop of New York introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to disallow the deduction for income attributable to domestic production activities with respect to oil and gas activities of major integrated oil companies.

1.

Short title

This Act may be cited as the Big Oil Welfare Repeal Act of 2013.

2.

Deduction for income attributable to domestic production activities not allowed with respect to oil and gas activities of major integrated oil companies

(a)

In general

Subparagraph (A) of section 199(d)(9) of the Internal Revenue Code of 1986 is amended by inserting (9 percent in the case of any major integrated oil company (as defined in section 167(h)(5)(B))) after 3 percent.

(b)

Effective date

The amendment made by subsection (a) shall apply to taxable years beginning after the date of the enactment of this Act.