HR 16217 · 93th Congress · Foreign Trade and International Finance

A bill to provide interim cost relief for customers of regulated public utilities.

Introduced 1974-08-01· Sponsored by Rep. Grasso, Ella T. [D-CT-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Interstate and Foreign Commerce.(1974-08-01)

Plain Language Summary

[AI summary unavailable — showing source text] Provides for reimbursement of 85 percent of the cost of imported residual fuel oil exceeding the average price of domestically produced residual fuel oil to public utilities or $10 per barrel, whichever is lower. Provides a $10,000 a day fine and liability for all reimbursements previously paid to a utility that passes on to its customers the costs of imported residual fuel oil, if such costs represent more than 15 percent of any amount expended for such residual fuel oil exceeding the average price of domestically produced residual fuel oil.…

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