Summary: S.Con.Res.73 — 95th Congress (1977-1978)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Reported to Senate with amendment(s) (05/09/1978)

(Reported to Senate from the Committee on Finance with amendment, S. Rept. 95-787)

Declares it the sense of Congress that: (1) the President should not impose additional import fees on oil as a means of reducing crude oil imports; (2) the President should not impose additional import fees on imports of refined petroleum products if additional import fees are not imposed on imported crude oil and if a crude oil equalization tax is not imposed on domestically produced crude oil; and (3) the President should hold open public hearings to assess and mitigate the effects on the economic well-being of affected regions and industries of additional import fees on refined petroleum products before imposing such fees.