Summary: H.R.8943 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.8943. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/25/1975)

Interfuel Competition Act - Provides that it shall be unlawful for any integrated oil company to acquire any coal, oil shale, tar sands, uranium, geothermal steam, and solar energy asset after the enactment of this Act, or to own or control such asset after the expiration of three years after enactment of this Act. Requires that each integrated oil company controlling such assets report such holdings to the Attorney General and Chairman of the Federal Trade Commission.

Directs the Attorney General and/or the Chairman of the Federal Trade Commission to commence a civil action for relief whenever this Act shall be violated. Establishes the penalty for violationg this Act as a fine of not to exceed $100,000 or imprisonment not exceeding ten years, or both.

Defines the terms used in this Act.