To reduce, suspend, or terminate any assistance under the Foreign Assistance Act of 1961 and the Arms Export Control Act to each country determined by the President to be engaged in oil price fixing to the detriment of the United States economy, and for other purposes.
Directs the President, within 30 days after enactment of this Act, to report to Congress with respect to: (1) the overall economic and security relationship between the United States and each major net oil exporting country (including members of the Organization of Petroleum Exporting Countries (OPEC)); (2) the effect that coordination among such countries with respect to oil production and pricing has had on the U.S. economy and global energy supplies; (3) information on all assistance provided to such countries under the Foreign Assistance Act of 1961 and the Arms Export Control Act (including licenses for the export of defense articles and defense services); and (4) the President's determination as to whether or not each such country is engaging in oil price fixing to the detriment of the U.S. economy.
Directs the President, not later than 30 days after submitting the report, to: (1) undertake a concerted diplomatic campaign to convince any country determined to be engaged in oil price fixing to the detriment of the U.S. economy that the current oil price levels are unsustainable and will negatively affect global economic growth rates in oil consuming and developing countries; and (2) take the necessary steps to begin negotiations to achieve multilateral action to reduce, suspend, or terminate bilateral assistance and arms exports to major net oil exporters engaged in oil price fixing as part of a concerted diplomatic campaign with other major net oil importers to bring about the complete dismantlement of international oil price fixing arrangements. Requires the President to report to Congress with respect to such diplomatic efforts.
Read twice and referred to the Committee on Foreign Relations.
Motion to reconsider laid on the table Agreed to without objection.
Placed on the Union Calendar, Calendar No. 293.
Rules Committee Resolution H. Res. 445 Reported to House. Rule provides for consideration of H.R. 3822 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. Makes in order the Committee on International Relations amendment in the nature of a substitute now printed in the bill as an original bill. Makes in order only those amendments printed in the Congressional Record and pro forma amendments for the purpose of debate.
Rule H. Res. 445 passed House.
Considered under the provisions of rule H. Res. 445. (consideration: CR H1218-1246; text of Section 1 as reported in House: CR H1231; text of Section 2 as reported in House: CR H1231; text of Section 3 as reported in House: CR H1231; text of Section 4 as reported in House: CR H1231; text of Section 5 as reported in House: CR H1231; text of Section 6 as reported in House: CR H1231; text of Section 7 as reported in House: CR H1236)
Rule provides for consideration of H.R. 3822 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. Makes in order the Committee on International Relations amendment in the nature of a substitute now printed in the bill as an original bill. Makes in order only those amendments printed in the Congressional Record and pro forma amendments for the purpose of debate.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 445 and Rule XXIII.
The Speaker designated the Honorable Ray LaHood to act as Chairman of the Committee.
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GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3822.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3822.
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
Mr. Gejdenson moved to recommit with instructions to International Relations.
DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion require the Committee on International Relations to consider effective measures that reduce the high oil prices on the international market created by OPEC and report the bill back to the House with amendments containing such effective measures.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by voice vote.
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 382 - 38, 1 Present (Roll no. 65).
Roll Call #65 (House)On passage Passed by the Yeas and Nays: 382 - 38, 1 Present (Roll no. 65).
Roll Call #65 (House)Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.