A bill to amend section 232 of the Trade Expansion Act of 1962 to prohibit the President from increasing the rate of duty on imports of petroleum and petroleum products in the absence of a national military emergency.
Imported Oil Tax Prohibition Act - Amends the Trade Expansion Act of 1962, to deny the President authority to impose customs duties on or to otherwise adjust imports of petroleum or petroleum products except during specific national emergencies involving hostilities.
Referred to House Committee on Ways and Means.
Introduced in Senate
Referred to Senate Committee on Finance.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line