A bill to amend the Clayton Act to preserve competition among corporations in the production of oil, coal, uranium, and geothermal power.

Summary

Provides, under the Clayton Act, that it shall be unlawful for any oil company: (1) to acquire any coal, uranium, or geothermal power asset after the enactment of this Act; or (2) to own or control any coal, uranium, or geothermal power asset after the expiration of 3 years after the enactment of this Act. Requires each oil company which owns or controls any coal, uranium, or geothermal asset to file with the Attorney General such reports resepcting such assets as the Attorney General may by regulation require. Directs the Attorney General to commence a civil action for appropriate relief, including a permanent or temporary injunction, whenever any person violates the provisions of this Act. States that any person who 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 10 years, or both. Defines the terms used in this Act.

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Documents

1 official file

• Introduced in House

  summary · EN · 29 January 1975

  Open at official source

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