Petroleum Marketing Divorcement Act

Summary

Petroleum Marketing Divorcement Act - States that it shall be unlawful for any person directly or indirectly to be engaged in commerce in the marketing of refined petroleum products while such person or affiliate of such person who is also engaged in one or more of the other three branches of the petroleum industry; namely, production, refining, and transportation. Provides that any person who knowingly violates the provisions of this Act on or after January 1, 1974, shall upon conviction be punished by a fine of not to exceed $100,000 for each such offense committed. Requires the Attorney General to examine the relationships of persons now engaged in one or more branches of the petroleum industry and to institute suits in equity in the United States district courts for the issuance of mandatory injunctions commanding any person to comply with the provisions of this Act. Grants the United States district courts exclusive jurisdiction of violations of this Act and of all suits in equity and actions at law brought to enforce compliance with or enjoin any violation of this Act.

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1 official file

• Introduced in House

  summary · EN · 6 September 1973

  Open at official source

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