A bill to establish a program of loan guarantee to enable independent refiners of crude oil to construct or acquire new or expanded refining facilities in the United States.

Summary

Authorizes the Secretary of the Interior to guarantee the repayment of loans made to independent refiners to enable them to construct or acquire new refining facilities or expanded refining facilities in the United States. Defines "independent refiner" for purpose of this Act. States that in order to qualify for such guarantee, an applicant must establish that: (1) the new or expanded refining facilities will increase his refining capacity and will not replace existing refining facilities of another refiner; (2) the new or expanded refining facilities will be capable of producing refined products in proportions commensurate with the national needs; and (3) the applicant has been unable, after reasonable good faith efforts, to obtain assurance of supplies of crude oil sufficient to utilize the full capacity of the new or expanded refining facilities, together with his existing refining facilities (if any).

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Timeline

1. 27 November 1973

   Introduced

   Referred to Senate Committee on Interior and Insular Affairs.

   Source: IntroReferral

2. 27 November 1973

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 21 November 1974

   Reported

   Reported to Senate from the Committee on Interior and Insular Affairs with amendment, S. Rept. 93-1293.

   Source: Committee

4. 21 November 1974

   Reported

   Reported to Senate from the Committee on Interior and Insular Affairs with amendment, S. Rept. 93-1293.

   Source: Committee

5. 26 November 1974

   Passed

   Measure passed Senate, amended.

   Source: Floor

6. 26 November 1974

   Passed

   Passed/agreed to in Senate: Measure passed Senate, amended.

   Source: Floor

7. 3 December 1974

   Introduced

   Referred to House Committee on Banking and Currency.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Passed Senate amended

  summary · EN · 26 November 1974

  Open at official source

• Introduced in Senate

  summary · EN · 27 November 1973

  Open at official source

Sponsors

• Sen. Johnston, J. Bennett [D-LA] · D · Sponsor
• Sen. Haskell, Floyd K. [D-CO] · D · Cosponsor
• · hsba00 · Standing
• · sseg00 · Standing

Related records

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