Petrodollar Reporting Act

Summary

Petrodollar Reporting Act - Establishes in the Department of the Treasury a Task Force on Petrodollar to be composed of specified Cabinet and other Federal officers. States that the Task Force shall: (1) collect and analyze data on the use, transfer, and investment of foriegn exchange earnings by oil exporting nations, particularly nations comprising the Organization of Petroleum Exporting Countries; (2) examine the implications of the flow of revenue received from abroad by oil exporting nations from the sale of oil produced by nations who are members of the Organization of Petroleum Exporting Countries, as the flow of such revenue affects the United States and the world and consider appropriate action to deal effectively with such implications; and (3) report to the President and the Congress not less than 4 times in each fiscal year on the findings of the Task Force together with such recommendations as the Task Force determines necessary and appropriate. Grants to the Task Force the information gathering powers necessary to carry out its functions under this Act.

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Timeline

1. 11 October 1974

   Introduced

   Referred to Senate Committee on Government Operations.

   Source: IntroReferral

2. 11 October 1974

   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 · 11 October 1974

  Open at official source

Sponsors

• Sen. Humphrey, Hubert H. [D-MN] · D · Sponsor
• · ssga00 · Standing

Related records

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