Appalachian Synthetics Development Act

Summary

Appalachian Synthetics Development Act - Directs the President to aid in the planning and development and foster the execution of a national program for the development of commercially feasible process for the synthesizing of liquid and gaseous hydrocarbons from natural occurring minerals and to reduce dependence on foreign sources of fuel following the development of such synthesizing processes. Authorizes the creation of a Synthetic Hydrocarbon Corporation for profit which will not be an agency or establishment of the United States Government. Authorizes the Corporation to conduct, or contract for, research and development of processes for the synthesizing of liquid and gaseous hydrocarbons and to furnish these processes under an appropriate franchise system. Provides the method for appointment of the board of directors and officers of the Corporation. Provides that the Corporation shall have the powers conferred upon a stock corporation by the District of Columbia Business Corporation Act. Directs the Office of Coal Research to cooperate with the Corporation in research and development, and to assist the Corporation by furnishing, when requested, on a reimbursable basis, such facilities as necessary for the most expeditious and economic development of a process for the synthesizing of liquid and gaseous hydrocarbons. Authorizes the Federal Power Commission to make such investigations of the Corporation as are necessary. Prescribes the requirements for the President and the Federal Power Commission to report to Congress on the activities and accomplishments of the Corporation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 11 December 1973

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.