Energy Security Act of 1986

Summary

Energy Security Act of 1986 - Amends the Internal Revenue Code to impose an import fee on: (1) the first sale within the United States of any crude oil or any refined petroleum product imported into the United States; and (2) the use within the United States of any crude oil or any refined petroleum product imported into the United States if no such tax has been imposed prior to such use. Exempts from such tax crude oil or refined petroleum products purchased for export. Sets the rate of such tax as the difference between $18 per barrel and the average world price of crude oil per barrel.

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Timeline

1. 15 August 1986

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 15 August 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 15 August 1986

  Open at official source

Sponsors

• Sen. Domenici, Pete V. [R-NM] · R · Sponsor
• Sen. Boren, David L. [D-OK] · D · Sponsor
• Sen. Bingaman, Jeff [D-NM] · D · Sponsor
• Sen. Nickles, Don [R-OK] · R · Sponsor
• Sen. Bentsen, Lloyd M. [D-TX] · D · Sponsor
• Sen. Long, Russell B. [D-LA] · D · Sponsor
• Sen. Johnston, J. Bennett [D-LA] · D · Sponsor
• Sen. Simpson, Alan K. [R-WY] · R · Sponsor
• Sen. Stevens, Ted [R-AK] · R · Sponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Sponsor
• Sen. Kassebaum, Nancy Landon [R-KS] · R · Sponsor
• Sen. Pryor, David H. [D-AR] · D · Sponsor
• Sen. Levin, Carl [D-MI] · D · Sponsor
• · ssfi00 · Standing

Related records

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