United States · Bill · S
S. 514 (96th)
A bill to amend the Emergency Petroleum Allocation Act of 1973 to exempt from price controls economically marginal crude oil production.
Introduced
1 March 1979
Last action
—
Status
Referred to Senate Committee on Energy and Natural Resources.
Sponsors
—
Subjects
Discovery layer
Source updated
24 March 2026
Summary
Amends the Emergency Petroleum Allocation Act of 1973 to allow the first sale of deep stripper well crude oil to be exempt from price regulation under such Act. Requires a well to be producing at the maximum feasible rate throughout a 12-month period in order to qualify for such exemption.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 1 March 1979
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/senate-bill/514
- Open data entity: https://api.congress.gov/v3/bill/96/s/514