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.

Summary

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.

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Legislative Actions

1974-09-09
Introduced in Senate
1974-09-09
Referred to Senate Committee on Interior and Insular Affairs.

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.

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