PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5708-5710)
Congressional Research Service
Version 00 · Introduced in Senate · May 20, 2009
Oil Independence, Limiting Subsidies, and Accelerating Vehicle Efficiency Act or the OILSAVE Act - Amends the Internal Revenue Code to: (1) allow a new tax credit for the purchase of fuel-efficient motor vehicles; (2) allow a business-related tax credit for the installation of fuel savings components in motor vehicles; and (3) revise the gas guzzler tax for automobiles with fuel economy ratings of less than 24.2 miles per gallon of gasoline (or equivalent amount of other fuel) consumed.
Increases civil penalties for violations of manufacturer corporate average fuel economy (CAFE) standards.
Amends the Energy Policy Act of 2005 to require: (1) the Administrator of the Environmental Protection Agency (EPA) to implement a program to support deployment of low-greenhouse gas and fuel-saving technologies; and (2) the Secretary of Commerce to define and collect data on characteristics of the U.S. truck fleet, with emphasis on data relating to fuel efficiency and greenhouse gas performance.
People & committees
Sen. Wyden, Ron [D-OR] · D–OR
Legislative record
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Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5708-5710)
Sponsor introductory remarks on measure. (CR S5704-5706)
Introduced in Senate
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.
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