A bill to provide that all crude oil and other energy sources, and all products refined or derived therefrom, imported from any country in which such oil or other energy source, or such refined product is sold by the government of such country shall be imported by the Government of the United States; to establish a United States Energy Import Administration.
Energy Import Act - Title I: Importation of Energy Sources and Refined Energy Products From Controlled States - States that it shall be unlawful as of January 1, 1976, for any person or government, other than the Government of the United States: (1) to import into the United States any energy source extracted in a foreign country or instrumentality which is a controlled energy source state with respect to that energy source, or; (2) to import into the United States any refined energy product produced in a foreign country or instrumentality which is a controlled refined energy product state with respect to that refined energy product.
Title II: United States Energy Import Administration Establishment - Creates the United States Energy Import Administration to act as the agent of the United States, with respect to the importation of any energy source into the United States extracted from any country or instrumentality which controls the sale of that energy source or the sale of the refined product.
Authorizes to be appropriated such sums as may be necessary to carry out the purpose of this Act.
Introduced in Senate
Referred to Senate Committee on Finance.
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