HR 7871 United States House · 117th Congress

People Over Petroleum Act

Summary
People Over Petroleum Act This bill repeals or limits certain fossil fuel subsidies for large oil companies. It also allows individual taxpayers a 2022 gas prices rebate for the first taxable year beginning in 2022. The bill defines 2022 gas prices rebate as the sum of $500 ($1,000 for joint returns), plus $500 times the number of taxpayer dependents who had attained the age of 16 as of the end of the taxable year. The bill allows advance payments of the rebate and requires taxpayers to provide a Social Security account number on their tax returns.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2022
Committee Review
Floor Vote
President
Introduced May 24, 2022 Last action May 24, 2022
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
May 24, 2022
Committee
Referred to the House Committee on Ways and Means.
lower
May 24, 2022
Introduced
Introduced in House
lower
1 primary · 3 co-sponsors

Sponsors