A bill to exempt the first sale of certain categories of crude oil from Government price controls.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Feb 19, 1974)
Provides that the first sale of the following categories of crude oil shall not be subject to price restraints established pursuant to the Economic Stabilization Act or the Emergency Petroleum Allocation Act: (1) crude oil produced from any lease whose average daily production for the preceding twelve-month period does not exceed ten barrels per well, and (2) crude oil produced from any well put into production on or after the date of enactment of this Act by any oil producer who produces only crude oil or natural gas in the United States and who does not own or control any transporting, refining, or marketing facilities.
What just happenedFeb 19, 1974
Referred to Senate Committee on Interior and Insular Affairs.
Who’s behind it
- Feb 19, 1974IntroReferral
Referred to Senate Committee on Interior and Insular Affairs.
Energy and Natural Resources Committee - Feb 19, 1974IntroReferral10000
Introduced in Senate