H.R.12351 - A bill to require oil producers, refiners, and distributors to provide certain information as requested by the Federal Energy Administration, to authorize auditing of such information by the General Accounting Office, and to provide for enforcement.93rd Congress (1973-1974)
|Sponsor:||Rep. Madigan, Edward R. [R-IL-21] (Introduced 01/29/1974)|
|Committees:||House - Interstate and Foreign Commerce|
|Latest Action:||House - 01/29/1974 Referred to House Committee on Interstate and Foreign Commerce. (All Actions)|
This bill has the status Introduced
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Summary: H.R.12351 — 93rd Congress (1973-1974)All Information (Except Text)
Introduced in House (01/29/1974)
Requires producers of petroleum, natural gas, and refined petroleum products to provide to the Federal Energy Administration all information requested regarding the location and volume of crude oil and natural gas reserves, the location and volume of refined petroleum products, and the existing and potential rates of production of refineries and oil and gas wells.
Authorizes the Comptroller General to audit and verify the accuracy of all such information.
Provides a fine of not less than $2500 and not more than $5000 for each violation of this Act.