HR 12509 · 93th Congress · Energy
A bill to regulate commerce prohibiting certain combinations among persons engaged in commerce relating to energy.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on the Judiciary.(1974-02-04)
Plain Language Summary
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Limits the ownership and control of assets related to the business of producing, transporting, refining, and marketing of energy resource products. States that it shall be unlawful after the date of enactment of this Act for any person engaged in commerce in the business of: (1) extracting energy resource products to acquire any energy pipeline asset, energy refinery asset, or energy marketing asset; (2) transporting energy resource products by pipeline to acquire any resource product extraction asset, energy refinery asset, or energy marketing asset; (3) refining energy resource products to acquire any energy resource product extraction asset, energy pipeline asset, or energy marketing asset; or (4) marketing energy resource products to acquire any energy resource product extraction asset, energy pipeline asset, or energy refinery asset. Requires reports of persons engaged in commerce owning or controlling, on the date of enactment of this Act, assets covered by this Act. Provides that any person who knowingly violates any provision of this Act shall, upon conviction, be punished, in the case of an individual, by a fine of not to exceed $500,000 or by imprisonment for a period not…
Summarized by Claude AI · Non-partisan · For informational purposes only