Petrodollar Reporting Act

Summary

Petrodollar Reporting Act - Establishes in the Department of the Treasury a Task Force on Petrodollars to be composed of the following: the Secretary of the Treasury, the Secretary of State, the Secretary of Defense, the Secretary of Commerce, the Director of the Central Intelligence Agency, the Director of the Defense Intelligence Agency, the Chairman of the Council of Economic Advisers, the chairman of the Federal Reserve System, and such other officers as may be designated. Directs the Task Force to: (1) collect data on the investment of foreign exchange earnings by oil exporting countries; (2) examine the effects of the flow of revenue received from abroad by oil exporting nations; and (3) report such findings to the President and the Congress at least four times a year. Authorizes the Chairman to do specified acts in order to carry out the functions of the Task Force.

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1 official file

• Introduced in Senate

  summary · EN · 17 April 1975

  Open at official source

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