HR 12069 · 93th Congress · Energy

Energy Conservation and Development Trust Fund Act

Introduced 1973-12-20· Sponsored by Rep. Wright, James C., Jr. [D-TX-12]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-12-20)

Plain Language Summary

[AI summary unavailable — showing source text] Energy Conservation and Development Trust Fund Act - Title I: Energy Conservation and Development - Establishes in the Treasury of the United States a trust fund to be known as the Energy Conservation and Development Trust Fund. Provides for the transfer of specified excise taxes to such Fund. Authorizes to be appropriated from the General Fund of the Treasury to the Fund such sums as may be necessary to provide the Fund with initial capital, and such additional sums as may be necessary (over and above any specified excise tax amounts transferred to the Fund under this Act) to make the expenditures under this Act. Directs the Secretary of the Treasury to hold the Fund, and to report to the Congress not later than the 1st day of March of each year on the financial condition and the results of the operations of the Fund during the preceding fiscal year and on its expected condition and operations during the current and next ensuing fiscal year. Provides that such report shall be printed as a House document of the session of the Congress to which the report is made. Provides for expenditures from the Fund. Authorizes the Urban Mass Transit Administration in the Department of Transport…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (12)

9 Democrats3 Republicans