Interfuel Competition Act

Summary

Interfuel Competition Act - Makes it unlawful for any person engaged in the production and refining of petroleum or natural gas, or both: (1) to acquire any interest in the coal business, oil shale business, uranium business, nuclear reactor business, geothermal steam business, or solar energy business after the enactment of this Act, or (2) to own or control any coal business, oil shale business, uranium business, nuclear reactor business, geothermal steam business, or solar energy business after the expiration of three years after the enactment of this Act. Provides that each person who has any interest in, owns or controls any coal business, oil shale business, uranium business, nuclear reactor business, geothermal steam business, or solar energy business shall, within 120 days after the enactment of this Act, file with the Attorney General such reports concerning each such business as the Attorney General may by regulation require. States that any person knowingly violating the provisions of this Act shall be fined not more than $100,000 or imprisoned for not more than ten years, or both.

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1 official file

• Introduced in Senate

  summary · EN · 29 January 1975

  Open at official source

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