A bill to prohibit the use of a tax or fee adjusted imports of petroleum and petroleum products under the Trade Expansion Act of 1962; to provide for the distribution of amounts collected as such a tax or fee to retail petroleum product marketers who lower prices to consumers; and for other purposes.
Consumer Protection Products Rebate Act - Amends the Trade Expansion Act of 1962 to prohibit the President from adjusting imports of petrolem and petrolem products by means of a tax or fee.
Amends the Emergency Petroleum Allocation Act of 1973 to direct the President to establish a program for the reimbursement of retail petroleum product marketers who sell petroleum products at a price below the ceiling price for such products.
Stipulates that the total amount authorized to be appropriated for such reimbursements shall not exceed the total amount of all taxes and fees imposed by the President on petroleum imports.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Referred to House Committee on Interstate and Foreign Commerce.
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