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Surface Transportation Investment Act: Tax Changes for Oil Companies

This act aims to increase government revenue by limiting tax breaks for large oil companies. The funds collected will be used to finance transportation programs, potentially improving road quality and infrastructure, which could impact citizens' daily commutes and travel.
Key points
Large oil companies will lose certain tax benefits, meaning they will pay more in taxes.
Revenue from these changes will go into a fund for surface transportation projects, like road construction and repairs.
The act modifies the definition of a "major integrated oil company" to include successors, preventing avoidance of new rules.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_HR_1329
Sponsor: Rep. Brownley, Julia [D-CA-26]
Process start date: 2021-02-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Surface Transportation Investment Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1329.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-25.

What are the main provisions?

Key points include:

  • Large oil companies will lose certain tax benefits, meaning they will pay more in taxes.
  • Revenue from these changes will go into a fund for surface transportation projects, like road construction and repairs.
  • The act modifies the definition of a "major integrated oil company" to include successors, preventing avoidance of new rules.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Brownley, Julia [D-CA-26].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Highways and Transit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Transport Economy