A bill to provide for Congressional evaluation of energy policy by imposing a moratorium on certain acquisitions involving major energy concerns and domestic petroleum companies until June 30, 1982.

Summary

Prohibits, between December 1, 1981, and June 30, 1982: (1) any major energy concern (including foreign investors) from acquiring more than five percent of any other major energy concern or domestic petroleum company; or (2) any domestic petroleum company from acquiring more than five percent of a major energy concern. Prohibits, during the above time period, any major energy concern from acquiring assets valued at more than $500,000,000 from any other major energy concern or domestic petroleum company. Permits the Attorney General to grant exceptions to the prohibitions of this Act.

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Documents

1 official file

• Introduced in House

  summary · EN · 16 December 1981

  Open at official source

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