A concurrent resolution to express the sense of the United States Congress regarding the imposition of import fees on crude oil by the President of the United States.

(Reported to Senate from the Committee on Finance with amendment, S. Rept. 95-787)

Declares it the sense of Congress that: (1) the President should not impose additional import fees on oil as a means of reducing crude oil imports; (2) the President should not impose additional import fees on imports of refined petroleum products if additional import fees are not imposed on imported crude oil and if a crude oil equalization tax is not imposed on domestically produced crude oil; and (3) the President should hold open public hearings to assess and mitigate the effects on the economic well-being of affected regions and industries of additional import fees on refined petroleum products before imposing such fees.