H.R.6436 - Oil Price Reduction Act of 2008110th Congress (2007-2008)
|Sponsor:||Rep. Chabot, Steve [R-OH-1] (Introduced 07/08/2008)|
|Committees:||House - Ways and Means; Foreign Affairs|
|Latest Action:||House - 07/08/2008 Referred to House Foreign Affairs (All Actions)|
This bill has the status Introduced
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Summary: H.R.6436 — 110th Congress (2007-2008)All Information (Except Text)
Introduced in House (07/08/2008)
Oil Price Reduction Act of 2008 - Prohibits U.S. bilateral assistance and arms exports (not including humanitarian assistance) to any country that is a major net oil exporter, including any country that is a member of the Organization of Petroleum Exporting Countries (OPEC), if such country is engaged in oil price fixing to the detriment of the U.S. economy.
Amends the Internal Revenue Code to allow taxpayers who drive a highway vehicle fueled by gasoline or diesel fuel a $1,000 tax credit in 2008.