United States · Bill · S
S. 2431 (94th)
Organization of Petroleum Exporting Countries Oil Price Reduction Act
Introduced
30 September 1975
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Organization of Petroleum Exporting Countries Oil Price Reduction Act - Provides that if the Organization of Petroleum Exporting Countries increases its publicly announced price for crude oil, natural gas, or products between September 1, 1975, and December 1, 1975, then the President shall reduce, but not below zero, the amount of any duty, license fee, supplemental fee, or other charge, imposed under the Trade Expansion Act, on imports of such oil, gas, or products by an amount equal to such increase.
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Documents
1 official file
Introduced in Senate
summary · EN · 30 September 1975
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/2431
- Open data entity: https://api.congress.gov/v3/bill/94/s/2431