A resolution relating to the redistribution of certain windfall corporate profits.

Summary

Directs the Administrator of the Federal Energy Administration to take all necessary steps to recover windfall profits resulting from use of illegal nonproduct cost passthroughs by petroleum producers and marketers. Authorizes the Administrator to use selective price rollbacks, civil penalties, and other measures authorized by law which will most equitably redistribute such monies throughout the economic sector.

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Timeline

1. 29 September 1976

   Introduced

   Referred to Senate Committee on Interior and Insular Affairs.

   Source: IntroReferral

2. 29 September 1976

   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 · 29 September 1976

  Open at official source

Sponsors

• Sen. Hartke, Vance [D-IN] · D · Sponsor
• · sseg00 · Standing

Related records

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