Prohibits, between December 1, 1981, and June 30, 1982: (1) any major energy concern (including foreign investors) from acquiring more than five percent of any other major energy concern or domestic petroleum company; or (2) any domestic petroleum company from acquiring more than five percent of a major energy concern.
Prohibits, during the above time period, any major energy concern from acquiring assets valued at more than $500,000,000 from any other major energy concern or domestic petroleum company.
Permits the Attorney General to grant exceptions to the prohibitions of this Act.
For Further Action See H.R.5274.
Introduced in House
Introduced in House
House Committee on The Judiciary Discharged by Suspension of Rules.
House Committee on The Judiciary Discharged by Suspension of Rules.
House Committee on Energy and Commerce Discharged by Suspension of Rules.
House Committee on Energy and Commerce Discharged by Suspension of Rules.
Referred to House Committee on Energy and Commerce.
For Previous Action See H.R.4930.
Referred to House Committee on The Judiciary.
Referred to Subcommittee on Monopolies and Commercial Law.
Called up by House Under Suspension of Rules.
Passed/agreed to in House: Passed House by Yea-Nay Vote: 223 - 107 (Record Vote No: 371).
Roll Call #371 (House)checking server…
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Passed House by Yea-Nay Vote: 223 - 107 (Record Vote No: 371).
Roll Call #371 (House)Received in the Senate, read twice, and referred to the Committee on Judiciary.