Oil Independence Act of 1979

Summary

Oil Independence Act of 1979 - Amends the Rural Development Act of 1972 to direct the Secretary of Agriculture to carry out a program for the production and marketing of industrial hydrocarbons and motor fuels derived from agricultural commodities, forest products, coal, coal tars, and solid waste. Authorizes the Secretary to guarantee loans, not to individually exceed $15,000,000, for each of twenty plants to be constructed for such purposes by public, private, or cooperative organization. Amends the Food and Agriculture Act of 1977 to expand the range of activities for which alcohol and industrial hydrocarbon production and marketing research grants may be made, to include research in solid waste and forest product and research relating to the identification and development of by-products from such production.

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1 official file

• Introduced in House

  summary · EN · 19 June 1979

  Open at official source

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