HR 13308 · 93th Congress · Petroleum industry
Energy Accounting Investigations Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Interstate and Foreign Commerce.(1974-03-06)
Plain Language Summary
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Energy Accounting Investigations Act - Declares that the Congress reiterates the continuing commitment of the United States to the goal of a free enterprise economy which functions fairly and efficiently with a minimum of Government interference. Defines the terms used in this Act. Defines the term "energy industries" as meaning the following lines of commerce: (1) production of mineral fuels; (2) refining or otherwise processing mineral fuels for use as a source of energy; (3) transportation of mineral fuels by rail, motor vehicle, water, pipeline, or otherwise; (4) electrical power generation and transmission; or (5) wholesale or retail distribution or sale of mineral fuels or electrical energy. Defines the term "production" as meaning the development of oil lands or oil shale lands within any State, the extraction of crude petroleum or oil shale, and the storage of crude petroleum on or in such lands. Requires the Federal Trade Commission to determine: (1) the extent to which competition among persons engaged in the provision of accounting services is abridged with relation to the provision of such services to the major oil companies; (2) the nature of the practices of persons e…
Summarized by Claude AI · Non-partisan · For informational purposes only