A bill to limit mergers and acquisitions of competing energy resources by energy companies.
Energy Resources Competition Act - Makes it unlawful for any person who has any interest in any petroleum business, coal business, oil shale business, uranium business, nuclear reactor business, geothermal steam business, or solar energy business to acquire any interest or control in any petroleum business, coal business, oil shale business, nuclear reactor business, geothermal steam business, or solar energy business except that such limitation shall not apply to the acquisition of any interest in the same primary energy business as that of the acquiring person.
States that no person engaged in the petroleum business shall be permitted to acquire a lease of any Federal interest in real property, including the Outer Continential Shelf, the purpose of which is to extract or produce any energy resources other than petroleum or natural gas.
Sets forth criminal and civil penalties for violations of this Act.
Introduced in Senate
Referred to Senate Committee on the Judiciary.
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