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115-hr-7375115th Congress

SHELTER Act of 2018

Sponsored By: Representative Jones, Brenda [D-MI-13]

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Summary

Stronger, Healthier Environment for Low-Income Tenants and Economic Renewal Act of 2018 or the SHELTER Act of 2018 This bill limits or repeals several tax deductions, credits, and related rules that benefit major integrated oil companies. It also repeals royalty relief (suspension of royalties) for (1) natural gas production from deep wells in shallow waters of the Gulf of Mexico, and (2) deep water oil and gas production in the Western and Central Planning Area of the Gulf (including a specified portion of the Eastern Planning Area). Any increase in revenues as a result of this bill must be credited to the Housing Trust Fund, which provides funding to states for activities to increase affordable housing. The bill also specifies requirements for the fund regarding funding for (1) environmental rehabilitation activities, and (2) childhood lead prevention.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Jones, Brenda [D-MI-13]

MI • D

Cosponsors

  • Rep. Lawrence, Brenda L. [D-MI-14]

    MI • D

    Sponsored 12/20/2018

Roll Call Votes

No roll call votes available for this bill.

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