A bill to require oil producers, refiners, and distributors to provide certain information as requested by the Federal Energy Administration, to authorize auditing of such information by the General Accounting Office, and to provide for enforcement.

Summary

Requires the producers of petroleum, natural gas, and refined petroleum products to provide to the Federal Energy Administration all information requested regarding the location and volume of crude oil and natural gas reserves, the location and volume of refined petroleum products, and the existing and potential rates of production of refineries and oil and gas wells. Authorizes the Comptroller General of the United States to investigate, audit, and verify the accuracy of all information required to be provided by this Act. States that any producer of petroleum, natural gas, or refined petroleum products who knowingly fails to provide information requested or who provides inaccurate information shall be fined not less than $2,500 nor more than $5,000 for each violation.

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Documents

1 official file

• Introduced in House

  summary · EN · 12 December 1973

  Open at official source

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