A bill to amend the Emergency Petroleum Allocation Act of 1973 to provide incentives for the enhanced recovery of domestic oil reserves by water-flooding techniques and by enhanced recovery techniques.

referredUnited States· United States Congress· EN

Introduced

12 May 1976

Last action

—

Status

Referred to House Committee on Interstate and Foreign Commerce.

Summary

Amends the Emergency Petroleum Allocation Act of 1973 to authorize the President to exempt crude oil produced from conventional waterflooding or enhanced recovery techniques from price controls imposed by such Act. Establishes criteria for determining whether or not an exemption is justified in view of increased costs associated with such techniques, and other factors.

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Documents

1 official file

Introduced in House
summary · EN · 12 May 1976
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/13721
Open data entity: https://api.congress.gov/v3/bill/94/hr/13721