Petroleum and Petrochemical Marketing Moratorium and Divestiture Act

Summary

Petroleum and Petrochemical Marketing Moratorium and Divestiture Act - States that it shall be unlawful for any person or business association engaged in the refining of petroleum products whose aggregate gross sales from any source exceeded $1,000,000,000 during the previous year or any preceding year to: (1) acquire, operate, or control, either directly or indirectly, any wholesale or retail outlet for the marketing of petroleum products which was not acquired, operated, or controlled by such person or an affiliate on the effective date of this Act; or (2) engage in petroleum marketing or petrochemical marketing, either directly or indirectly, after the expiration of five years from the effective date hereof. States that whoever knowingly violates the provisions of this Act shall upon conviction be punished by a fine of not to exceed $100,000 or by imprisonment not exceeding five years, or by both such fine and imprisonment.

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Timeline

1. 14 January 1975

   Introduced

   Referred to House Committee on the Judiciary.

   Source: IntroReferral

2. 14 January 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 January 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 14 January 1975

  Open at official source

Sponsors

• Rep. Smith, Neal Edward [D-IA-4] · D · Sponsor
• Rep. Hungate, William L. [D-MO-9] · D · Cosponsor
• Rep. McCollister, John Y. [R-NE-2] · R · Cosponsor
• Rep. Edwards, Don [D-CA-10] · D · Cosponsor
• Rep. Mezvinsky, Edward [D-IA-1] · D · Cosponsor
• · hsju00 · Standing

Related records

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