PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Energy and Air Quality, for a period to be subsequently determined by the Chairman.
Congressional Research Service
Version 00 · Introduced in House · Sep 8, 2005
Gas Stamps Act of 2005 - Directs the Secretary of Energy to: (1) establish a program for the equitable allocation among the states of gas stamps for distribution to individuals eligible to receive food stamps who can demonstrate a need for gasoline; and (2) provide for the distribution of gas stamps in conjunction with the distribution of food stamps, in coordination with the Secretary of Agriculture.
Sets a $330 million limit for such national distribution in each of the first three months after enactment of this Act.
Amends the Internal Revenue Code to impose an excise tax upon the sale in the United States of any crude oil, natural gas, and any fuel which is a product of crude oil or natural gas, equal to the windfall profit on such sale.
Defines "windfall profit" as so much of the profit on such sale as exceeds a 15 percent pretax rate of return.
Imposes liability for the windfall profits tax upon the seller.
People & committees
Rep. McDermott, Jim [D-WA-7] · D–WA
Legislative record
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Referred to the Subcommittee on Energy and Air Quality, for a period to be subsequently determined by the Chairman.
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.
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