,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #eihc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #g1 #bjbe,ms4
 ,/ansbury 7= h]self1 ,ms4 ,bal9t1 ,mr4 
,huffman1 ,mr4 ,c>son1 & ,ms4 ,norton7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means1 & 9    
addition to ! ,committees on            
,transportation & ,infra/ructure1 &     
,f9ancial ,s]vices1 = a p]iod to be     
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to e/abli% a      
,national ,resili5ce & ,recov]y ,fund1 &
 = o!r purposes4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,national          
,resili5ce & ,recov]y ,fund ,act4  #b4  
,e/abli%m5t ( ,national ,resili5ce &    
,recov]y ,fund  7a7 ,national ,resili5ce
 & ,recov]y ,fund ,sub*apt] ,a ( *apt]  
#ih ( ! ,int]nal ,rev5ue ,code ( #aihf  
7relat+ to e/abli%m5t ( tru/ funds7 is  
am5d$ by add+ at ! end ! foll[+ new     

section3  #ieab4 ,national ,resili5ce & 
,recov]y ,fund  7a7 ,creation ( tru/    
fund ,!re is e/abli%$ 9 ! ,treasury ( ! 
,unit$ ,/ates a tru/ fund to be kn[n z !
 ,national ,resili5ce & ,recov]y ,fund1 
consi/+ ( su* am\nts z may be           
appropriat$ or cr$it$ to su* ,fund z    
provid$ 9 ?is section or section        
#ifjb7;b74  7b7 ,transf]s to ,fund ,!re 
are h]eby appropriat$ to ! ,national    
,resili5ce & ,recov]y ,fund am\nts      
equival5t to-- 7#a7 taxes receiv$ 9 !   
,treasury "u section #eija7;a7 7relat+  
to ! excise tax on crude oil & natural  
gas produc$ f ! out] ,cont95tal ,%elf 9 
! ,gulf ( ,mexico71  7#b7 taxes receiv$ 
9 ! ,treasury "u section #dfaa 7relat+  
to environm5tal tax on crude oil &      
petroleum7 to ! ext5t attributable to ! 
,national ,resili5ce & ,recov]y ,fund   
f9anc+ rate "u section #dfaa7;c71 &     
7#c7 taxes receiv$ 9 ! ,treasury "u     
section #ehif7;a7 7relat+ to ! excise   
tax on crude oil w9dfall pr(its74  7c7  
,exp5ditures ,am\nts 9 ! ,fund %all be  

available1 z provid$ 9 appropriation    
,acts1 to ! ,adm9i/rator ( ! ,f$]al     
,em]g5cy ,managem5t ,ag5cy to c>ry out !
 purposes ( ! foll[+ programs ( su*     
,ag5cy3 7#a7 ,! ,haz>d ,mitigation      
,grant ,program e/abli%$ pursuant to    
section #djd ( ! ,rob]t ,t4 ,/af=d      
,disa/] ,relief & ,em]g5cy ,assi/ance   
,act 7#db ,u4,s4,c4 #eagj;c74  7#b7 ,!  
,build+ ,resili5t ,infra/ructure &      
,communities grant program e/abli%$     
pursuant to section #bjc ( ! ,rob]t ,t4 
,/af=d ,disa/] ,relief & ,em]g5cy       
,assi/ance ,act 7#db ,u4,s4,c4 #eacc74  
7#c7 ,! ,safegu>d+ ,tomorr[ ,revolv+    
,loan ,fund ,program e/abli%$ pursuant  
to section #bje ( ! ,rob]t ,t4 ,/af=d   
,disa/] ,relief & ,em]g5cy ,assi/ance   
,act 7#db ,u4,s4,c4 #eace74  7#d7 ,!    
,flood ,mitigation ,assi/ance program   
e/abli%$ pursuant to section #acff ( !  
,exc]pts f ! ,h\s+ & ,urban ,developm5t 
,act ( #aifh 7#db ,u4,s4,c4 #dajd;c74  4
  7b7 ,cl]ical am5dm5t ,! table (       
sections = sub*apt] ,a ( *apt] #ih ( su*

 ,code is am5d$ by add+ aft] ! item     
relat+ to section #ieaa ! foll[+ new    
item3 ,sec4 #ieab4 ,national ,resili5ce 
& ,recov]y ,fund4  7c7 ,effective date  
,! am5dm5ts made by ?is section %all    
take effect on ,janu>y #a1 #bjbe4  #c4  
,cl>ification ( t> s&s & oil %ale z     
crude oil = excise tax purposes  7a7 ,9 
g5]al ,p>agraph 7#a7 ( section #dfab7;a7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ to read z foll[s3  7#a7 ,crude oil
 ,! t]m crude oil includes crude oil    
cond5sates1 natural gasol9e1 any bitum5 
or bitum9\s mixture1 any oil d]iv$ f a  
bitum5 or bitum9\s mixture 7includ+ oil 
d]iv$ f t> s&s71 & any oil d]iv$ f      
k]og5-be>+ s\rces 7includ+ oil d]iv$ f  
oil %ale74  4  7b7 ,regulatory au?ority 
,to address o!r types ( crude oil &     
petroleum products ,subsection 7a7 (    
section #dfab ( su* ,code is am5d$ by   
add+ at ! end ! foll[+ new p>agraph3    
7#aj7 ,regulatory au?ority to address   
o!r types ( crude oil & petroleum       
products ,"u su* regulations z !        

,secret>y may prescribe1 ! ,secret>y may
 include z crude oil or z a petroleum   
product subject to tax "u section #dfaa1
 any fuel fe$/ock or f9i%$ fuel product 
cu/om>ily transport$ by pipel9e1 vessel1
 railc>1 or tank] truck if ! ,secret>y  
det]m9es t-- 7,a7 ! classification ( su*
 fuel fe$/ock or f9i%$ fuel product is  
consi/5t ) ! def9ition ( oil "u ! ,oil  
,pollution ,act ( #aiij1 &  7,b7 su*    
fuel fe$/ock or f9i%$ fuel product is   
produc$ 9 suffici5t comm]cial quantities
 z to pose a significant risk ( haz>d 9 
! ev5t ( a dis*>ge4  4  7c7 ,te*nical   
am5dm5t ,p>agraph 7#b7 ( section        
#dfab7;a7 ( su* ,code is am5d$ by /rik+ 
f a well locat$4  7d7 ,effective date ,!
 am5dm5ts made by ?is section %all take 
effect on ! date ( ! enactm5t ( ?is     
,act4  #d4 ,additional excise tax on    
crude oil & import$ petroleum products  
7a7 ,9 g5]al ,section #dfaa7;c7 ( !     
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+ &
 at ! end ( subp>agraph 7,a71 by /rik+ !

 p]iod at ! end ( subp>agraph 7,b7 &    
ins]t+ 1 &1 & by add+ at ! end ! foll[+ 
new subp>agraph3  7,c7 ! ,national      
,resili5ce & ,recov]y ,fund f9anc+ rate4
  1  7#b7 9 p>agraph 7#b71 by /rik+ & at
 ! end ( subp>agraph 7,a71 by /rik+ !   
p]iod at ! end ( subp>agraph 7,b7 &     
ins]t+ 1 &1 & by add+ at ! end ! foll[+ 
new subp>agraph3  7,c7 ! ,national      
,resili5ce & ,recov]y ,fund f9anc+ rate 
is #aj c5ts a b>rel4  1 &  7#c7 9       
p>agraph 7#c71 by /rik+ ! am\nt 9       
p>agraph 7#b77;,a7 & ins]t+ ! am\nts 9  
subp>agraphs 7,a7 & 7,c7 ( p>agraph     
7#b74  7b7 ,effective date ,! am5dm5ts  
made by ?is section %all apply to       
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjbd4  #e4 ,w9dfall pr(its tax  7a7 ,9 
g5]al ,subtitle ,e ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by add+ at ! end 
!re( ! foll[+ new *apt]3  #ef ,w9dfall  
pr(its on crude oil  ,sec4 #ehif4       
,imposition ( tax4,sec4 #ehig4          
,def9itions & special rules4  #ehif4    
,imposition ( tax  7a7 ,9 g5]al ,9      

addition to any o!r tax impos$ "u ?is   
title1 9 ea* cal5d> qu>t] !re is h]eby  
impos$ on any cov]$ taxpay] an excise   
tax at ! rate det]m9$ "u subsection 7b7 
on-- 7#a7 ea* b>rel ( taxable crude oil 
extract$ by ! taxpay] )9 ! ,unit$ ,/ates
 & remov$ f ! prop]ty ( su* taxpay] dur+
 ! cal5d> qu>t]1 &  7#b7 ea* b>rel (    
taxable crude oil ent]$ into ! ,unit$   
,/ates dur+ ! cal5d> qu>t] by ! taxpay] 
= consumption1 use1 or w>eh\s+4  7b7    
,rate ( tax  7#a7 ,9 g5]al ,! rate ( tax
 impos$ by ?is section on any b>rel (   
taxable crude oil = any cal5d> qu>t] is 
! product (-- 7,a7 #ej p]c5t1 &  7,b7 ! 
excess 7if any7 (-- 7i7 ! av]age price (
 a b>rel ( ,br5t crude oil ov] ! cov]$  
cal5d> qu>t]1 ov]  7ii7 ! av]age price (
 a b>rel ( ,br5t crude oil ov] ! p]iod  
beg9n+ on ,janu>y #a1 #bjae1 & end+ on  
,decemb] #ca1 #bjai4  7#b7 ,inflation   
adju/m5t  7,a7 ,9 g5]al ,9 ! case ( a   
cal5d> qu>t] beg9n+ 9 any taxable ye>   
beg9n+ aft] #bjbe1 ! am\nt det]m9$ "u   
p>agraph 7#a77;,b77ii7 %all be increas$ 

by an am\nt equal to-- 7i7 su* doll>    
am\nt1 multipli$ by  7ii7 ! co/-(-liv+  
adju/m5t det]m9$ "u section #a7;f77#c7 =
 ! cal5d> ye> 9 :i* ! taxable ye> beg9s1
 det]m9$ by sub/itut+ #bjbd = #bjaf 9   
subp>agraph 7,a77ii7 !re(4  7,b7 ,r\nd+ 
,if any doll> am\nt1 aft] be+ increas$  
"u subp>agraph 7,a71 is n a multiple (  
#j4ej1 su* doll> am\nt %all be r\nd$ to 
! next l[e/ multiple ( #j4ja4  7c7      
,fractional "p ( b>rel ,9 ! case ( a    
fraction ( a b>rel1 ! tax impos$ by     
subsection 7a7 %all be ! same fraction (
 ! am\nt ( su* tax impos$ on ! :ole     
b>rel4  #ehig4 ,def9itions & special    
rules  7a7 ,def9itions ,= purposes ( ?is
 *apt]-- 7#a7 ,cov]$ taxpay]  7,a7 ,9   
g5]al ,! t]m cov]$ taxpay] means1 )     
respect to any cal5d> qu>t]1 any taxpay]
 if-- 7i7 ! av]age daily numb] ( b>rels 
( taxable crude oil extract$ & import$  
by ! taxpay] = cal5d> ye> #bjbc exce$$  
#cjj1jjj b>rels1 or  7ii7 ! av]age daily
 numb] ( b>rels ( taxable crude oil     
extract$ & import$ by ! taxpay] = !     

cal5d> qu>t] exce$s #cjj1jjj4  7,b7     
,aggregation rules ,all p]sons treat$ z 
a s+le employ] "u subsection 7a7 or 7b7 
( section #eb or subsection 7m7 or 7o7 (
 section #dad %all be treat$ z "o p]son 
= purposes ( p>agraph 7#a74  7#b7       
,taxable crude oil ,! t]m taxable crude 
oil includes crude oil1 crude oil       
cond5sates1 & natural gasol9e4  7#c7    
,b>rel ,! t]m b>rel means #db ,unit$    
,/ates gallons4  7#d7 ,unit$ ,/ates ,!  
t]m ,unit$ ,/ates has ! same mean+ giv5 
su* t]m "u section #dfab4  7b7 ,)hold+ &
 deposit ( tax ,! ,secret>y %all provide
 su* rules z are necess>y = ! )hold+ &  
deposit ( ! tax impos$ "u section #ehif 
on any taxable crude oil4  7c7 ,records 
& in=mation ,ea* taxpay] liable = tax "u
 section #ehif %all keep su* records1   
make su* returns1 & furni% su* in=mation
 7to ! ,secret>y & to o!r p]sons hav+ an
 int]e/ 9 ! taxable crude oil7 ) respect
 to su* oil z ! ,secret>y may by        
regulations prescribe4  7d7 ,return (   
w9dfall pr(it tax ,! ,secret>y %all     

provide = ! fil+ & ! "t ( su* fil+ ( !  
return ( ! tax impos$ "u section #ehif4 
7e7 ,regulations ,! ,secret>y %all      
prescribe su* regulations z may be      
necess>y or appropriate to c>ry out !   
purposes ( ?is *apt]4  4  7b7 ,cl]ical  
am5dm5t ,! table ( *apt]s = subtitle ,e 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by add+ at ! end ! foll[+ new     
item3  ,*apt] #ef4 ,w9dfall pr(its on   
crude oil4  4  7c7 ,effective date  7#a7
 ,9 g5]al ,! am5dm5ts made by ?is       
section %all apply to crude oil remov$  
or ent]$ aft] ,decemb] #ca1 #bjbd1 9    
cal5d> qu>t]s end+ aft] su* date4  7#b7 
,special rule = qu>t]s dur+ #bjbe ,9 !  
case ( any cal5d> qu>t] end+ 9 cal5d>   
ye> #bjbe1 ! tax impos$ "u section #ehif
 %all n be due be=e ,m>* #ca1 #bjbf4    
#f4 ,tax on crude oil & natural gas     
produc$ f ! out] ,cont95tal ,%elf 9 !   
,gulf ( ,mexico  7a7 ,9 g5]al ,subtitle 
,e ( ! ,int]nal ,rev5ue ,code ( #aihf is
 am5d$ by add+ at ! end ! foll[+ new    
*apt]3  #eg ,tax on sev]ance ( crude oil

 & natural gas f ! out] ,cont95tal ,%elf
 9 ! ,gulf ( ,mexico  ,sec4 #eija4      
,imposition ( tax4,sec4 #eijb4 ,taxable 
crude oil or natural gas & removal      
price4,sec4 #eijc4 ,special rules &     
def9itions4  #eija4 ,imposition ( tax   
7a7 ,9 g5]al ,9 addition to any o!r tax 
impos$ "u ?is title1 !re is h]eby impos$
 a tax equal to #ac p]c5t ( ! removal   
price ( any taxable crude oil or natural
 gas remov$ f ! premises dur+ any       
taxable p]iod4  7b7 ,cr$it = ,f$]al     
royalties paid  7#a7 ,9 g5]al ,!re %all 
be all[$ z a cr$it aga9/ ! tax impos$ by
 subsection 7a7 ) respect to !          
production ( any taxable crude oil or   
natural gas an am\nt equal to !         
aggregate am\nt ( royalties paid "u     
,f$]al law ) respect to su* production4 
7#b7 ,limitation ,! aggregate am\nt (   
cr$its all[$ "u p>agraph 7#a7 to any    
taxpay] = any taxable p]iod %all n exce$
 ! am\nt ( tax impos$ by subsection 7a7 
= su* taxable p]iod4  7c7 ,tax paid by  
produc] ,! tax impos$ by ?is section    

%all be paid by ! produc] ( ! taxable   
crude oil or natural gas4  #eijb4       
,taxable crude oil or natural gas &     
removal price  7a7 ,taxable crude oil or
 natural gas ,= purposes ( ?is *apt]1 ! 
t]m taxable crude oil or natural gas    
means crude oil or natural gas :i* is   
produc$ f ,f$]al subm]g$ l&s on ! out]  
,cont95tal ,%elf 9 ! ,gulf ( ,mexico    
pursuant to a lease ent]$ into ) !      
,unit$ ,/ates :i* au?orizes !           
production4  7b7 ,removal price ,=      
purposes ( ?is *apt]-- 7#a7 ,9 g5]al    
,except z o!rwise provid$ 9 ?is         
subsection1 ! t]m removal price means-- 
7,a7 9 ! case ( taxable crude oil1 !    
am\nt = :i* a b>rel ( su* crude oil is  
sold1 &  7,b7 9 ! case ( taxable natural
 gas1 ! am\nt p] #a1jjj cubic feet = :i*
 su* natural gas is sold4  7#b7 ,sales  
betwe5 relat$ p]sons ,9 ! case ( a sale 
betwe5 relat$ p]sons1 ! removal price   
%all n be less ?an ! con/ructive sales  
price = purposes ( det]m9+ gross income 
f ! prop]ty "u section #fac4  7#c7 ,oil 

or natural gas remov$ f prop]ty be=e    
sale ,if crude oil or natural gas is    
remov$ f ! prop]ty be=e x is sold1 !    
removal price %all be ! con/ructive     
sales price = purposes ( det]m9+ gross  
income f ! prop]ty "u section #fac4     
7#d7 ,ref9+ begun on prop]ty ,if !      
manufacture or conv]sion ( crude oil    
into ref9$ products beg9s be=e su* oil  
is remov$ f ! prop]ty-- 7,a7 su* oil    
%all be treat$ z remov$ on ! day su*    
manufacture or conv]sion beg9s1 &  7,b7 
! removal price %all be ! con/ructive   
sales price = purposes ( det]m9+ gross  
income f ! prop]ty "u section #fac4     
7#e7 ,prop]ty ,! t]m prop]ty has ! mean+
 giv5 su* t]m by section #fad4  #eijc4  
,special rules & def9itions  7a7        
,adm9i/rative requirem5ts  7#a7 ,)hold+ 
& deposit ( tax ,! ,secret>y %all       
provide = ! )hold+ & deposit ( ! tax    
impos$ "u section #eija on a qu>t]ly    
basis4  7#b7 ,records & in=mation ,ea*  
taxpay] liable = tax "u section #eija   
%all keep su* records1 make su* returns1

 & furni% su* in=mation 7to ! ,secret>y 
& to o!r p]sons hav+ an int]e/ 9 !      
taxable crude oil or natural gas7 )     
respect to su* oil z ! ,secret>y may by 
regulations prescribe4  7#c7 ,taxable   
p]iods2 return ( tax  7,a7 ,taxable     
p]iod ,except z provid$ by ! ,secret>y1 
ea* cal5d> ye> %all con/itute a taxable 
p]iod4  7,b7 ,returns ,! ,secret>y %all 
provide = ! fil+1 & ! "t = fil+1 ( !    
return ( ! tax impos$ "u section #eija4 
7b7 ,def9itions ,= purposes ( ?is       
*apt]-- 7#a7 ,produc] ,! t]m produc]    
means ! hold] ( ! economic int]e/ )     
respect to ! crude oil or natural gas4  
7#b7 ,crude oil ,! t]m crude oil        
includes crude oil cond5sates & natural 
gasol9e4  7#c7 ,premises & crude oil    
product ,! t]ms premises & crude oil    
product h ! same mean+s z :5 us$ =      
purposes ( det]m9+ gross income f !     
prop]ty "u section #fac4  7c7 ,adju/m5t 
( removal price ,9 det]m9+ ! removal    
price ( oil or natural gas f a prop]ty 9
 ! case ( any transaction1 ! ,secret>y  

may adju/ ! removal price to reflect    
cle>ly ! fair m>ket value ( oil or      
natural gas remov$4  7d7 ,regulations ,!
 ,secret>y %all prescribe su*           
regulations z may be necess>y or        
appropriate to c>ry out ! purposes ( ?is
 *apt]4  4  7b7 ,d$uctibility ( tax ,!  
fir/ s5t5ce ( section #afd7;a7 ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] p>agraph 7#d7 ! foll[+   
new p>agraph3  7#e7 ,! tax impos$ by    
section #eija7;a7 7aft] application (   
section #eija7;b77 on ! sev]ance ( crude
 oil or natural gas f ! out] ,cont95tal 
,%elf 9 ! ,gulf ( ,mexico4  4  7c7      
,cl]ical am5dm5t ,! table ( *apt]s =    
subtitle ,e is am5d$ by add+ at ! end ! 
foll[+ new item3  ,*apt] #eg4 ,tax on   
sev]ance ( crude oil & natural gas f !  
out] ,cont95tal ,%elf 9 ! ,gulf (       
,mexico4  4  7d7 ,effective date ,!     
am5dm5ts made by ?is section %all apply 
to crude oil or natural gas remov$ aft] 
,decemb] #ca1 #bjbd4