Concurrent resolution expressing the sense of Congress that the President of the United States should immediately appoint a Special Prosecutor to empanel a grant jury for possible civil and criminal antitrust violations by the oil and gas industries.

Summary

States that it is the sense of the Congress that the President appoint a Special Prosecutor and have empaneled a grand jury to investigate possible criminal violations of the Sherman and Clayton Antitrust Acts: (1) arising from the Federal Trade Commission complaint (docket numbered 8934; July 18, 1973) involving Exxon, Texaco, Gulf, Mobil, Standard Oil of California, Standard Oil of Indiana, Shell, and Atlantic Richfield; (2) arising from any concerted maintenance of an inaccurate natural gas reserve reported program which influences the price at which producers sell natural gas to interstate pipeline companies by the American Gas Association, Exxon, Gulf, Mobil, Pennzoil, Shell, Standard Oil of California, Standard Oil of Indiana, Tenneco, Texaco, Union Oil of California, and Continental Oil Corporation; or (3) arising from collusive conduct in the curtailment of gas supplies by deliberately maintaining nonproducing gas reserves on Federal offshore leases in the Gulf of Mexico in order to intensify pressure for deregulation of natural gas.

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1 official file

• Introduced in House

  summary · EN · 10 July 1975

  Open at official source

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