,i #aacth ,,congress #ast ,session ,h4 ,r4 #adbf ,,in ,,the ,,house ,,of ,,representatives ,april #i1 #bjac ,mr4 ,bishop of ,new ,york introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to disallow the deduction for income attributable to domestic production activities with respect to oil and gas activities of major integrated oil companies4 #a4 ,short title ,this ,act may be cited as the ,big ,oil ,welfare ,repeal ,act of #bjac4 #b4 ,deduction for income attributable to domestic production activities not allowed with respect to oil and gas activities of major integrated oil companies 7a7 ,in general ,subparagraph 7,a7 of section #aii7;d77#i7 of the ,internal ,revenue ,code of #aihf is amended by inserting 7#i percent in the case of any major integrated oil company 7as defined in section #afg7;h77#e77;,b777 after #c percent4 7b7 ,effective date ,the amendment made by subsection 7a7 shall apply to taxable years beginning after the date of the enactment of this ,act4