H.R. 6653: Consumer Energy Relief Act of 2008

Before you vote › Federal bills

H.R. 6653: Consumer Energy Relief Act of 2008

110th Congress · introduced 2008-07-30 · Energy · Latest: Referred to the Subcommittee on General Farm Commodities and Risk Management.

federal

Save to my notebook What does this mean? Print

Official title

Consumer Energy Relief Act of 2008

Plain summary

Consumer Energy Relief Act of 2008 - Amends the Internal Revenue Code to: (1) deny major integrated oil companies a tax deduction for income attributable to domestic production of oil, gas, or primary products thereof; (2) conform tax treatment of foreign oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit; (3) impose a windfall profits tax on major integrated oil companies; and (4) establish an Energy Independence and Security Trust Fund funded by revenues raised by this Act. Allows distributions from such Trust Fund for low-income home energy assistance, home weatherization, grants for research and development of renewable energy sources, and financing the purchases of hybrid vehicles, energy efficient vehicles, and energy efficient appliances. Petroleum Consumer Price Gouging Protection Act - Amends the Commodity Exchange Act to extend the regulatory authority of the Commodity Futures Trading Commission (CFTC) to include energy commodities. Declares it unlawful for a supplier to sell crude oil, natural gas, gasoline, petroleum distillates, or biofuel at an unconscionably excessive price in an area for which the President has declared an energy emergency. Grants the Federal Trade Commission (FTC) authority to enforce this Act. Authorizes state attorneys general to bring civil actions to enforce this Act. No Oil Producing and Exporting Cartels Act of 2008 or NOPEC - Amends the Sherman Act to make it illegal for any foreign state to act with another foreign state to: (1) limit the production or distribution of oil, natural gas, or any other petroleum product; (2) set or maintain prices for such products; or (3) otherwise take any action in restraint of trade for such products. Denies sovereign immunity or act of state doctrine protections for foreign states that engage in such conduct. Amends the Commodity Exchange Act to require the Commodity Futures Trading Commission (CFTC) to: (1) determine that foreign boards of trade subject to CFTC jurisdiction regulate and provide information on off-shore oil trading; and (2) set increases in margin levels for all oil futures trades, contracts, or transactions to reduce excessive speculation and protect consumers.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

PSI Sci description of the legislative step (not an opinion).

The strongest published arguments

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Schakowsky, Janice D. [D-IL-9] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Rep. Schakowsky, Janice D. [D-IL-9] reported raising $415,385 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

• Congressional Research Service summary (Introduced in House)
• Congress.gov
• Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-110hr6653.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/110/hr>

Record fed-us-cong110-hr6653 · catalog fed-us-congress-bills-cong110 · updated 2026-11-15 by psicol fed-bills-cong110