Domestic Oil Production Policy Act of 1981

Summary

Domestic Oil Production Policy Act of 1981 - Amends the Emergency Petroleum Allocation Act to exempt the first sale of new crude oil and the first sale of market incentive crude oil from price and allocation regulation under such Act. Sets forth provisions for the establishment of a ceiling price on old crude oil. Exempts the first sale of tertiary crude oil from regulation under such Act. Exempts the first sale of: (1) deep stripper well crude oil; (2) stripper well crude oil; (3) high water cut crude oil; and (4) marginal offshore crude oil from regulation. States that to qualify for such exemptions a property must be producing crude oil at a maximum feasible rate throughout a 12- month qualifying period.

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Timeline

1. 22 January 1981

   Introduced

   Referred to House Committee on Energy and Commerce.

   Source: IntroReferral

2. 22 January 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 January 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 February 1981

   Referred

   Referred to Subcommittee on Fossil and Synthetic Fuels.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 22 January 1981

  Open at official source

Sponsors

• Rep. Hinson, Jon C. [R-MS-4] · R · Sponsor
• · hsif00 · Standing

Related records

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