A bill to provide for the energy security of the United States.

Summary

Amends the Tariff Schedules of the United States to increase the tariff on crude petroluem, motor fuel, kerosene, certain naphthas, and certain liquid forms of hydrocarbon mixtures. Provides that the amount of the tariff increase involves a formula based on the average world price of each such article and a certain applicable offset amount for each such article. Requires the Secretary of Energy to determine and publish the average world price of each such article for each calendar quarter. Directs the Secretary of the Treasury to publish the applicable offset amount for each such article for each calendar quarter. Requires the revenues from the increased tariff to be used to reduce the deficit in the Federal budget.

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Timeline

1. 10 April 1986

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 10 April 1986

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 April 1986

   Introduced

   Introduced in House

   Source: IntroReferral

4. 14 April 1986

   Referred

   Referred to Subcommittee on Trade.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 10 April 1986

  Open at official source

Sponsors

• Rep. Breaux, John B. [D-LA-7] · D · Sponsor
• · hswm00 · Standing

Related records

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