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S. 3973

A bill to amend the Emergency Petroleum Allocation Act of 1973 to reduce the price of crude oil, residual fuel oil, and refined petroleum products.

Authorizes the President, under the Emergency Petroleum Allocation Act of 1973, to reduce the price of crude oil, residual fuel oil, and refined petroleum products if it is determined, after taking specified factors into account, that a person's petroleum related taxable income is excessive.

Referred to Senate Committee on Interior and Insular Affairs.

Sen. Scott, Hugh [R-PA](R-PA)Sponsor
1committees2actions6subjects
  1. IntroReferral

    Referred to Senate Committee on Interior and Insular Affairs.

    Energy and Natural Resources Committee
  2. IntroReferral10000

    Introduced in Senate

A bill to amend the Emergency Petroleum Allocation Act of 1973 to reduce the price of crud… — Informed