HR 7120 · 93th Congress · Petroleum industry

Offshore Oil Safety Act

Introduced 1973-04-17· Sponsored by Rep. Wydler, John W. [R-NY-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] Offshore Oil Safety Act - Requires the Administrator of the Environmental Protection Agency to establish study and research programs to insure that the extraction and transportation of offshore oil shall not endanger the marine environment. Imposes an excise tax of 12 cents per barrel upon the extraction of oil from every offshore site. Establishes in the department of the Treasury an "Offshore Oil Safety Trust Fund". Provides that accounts in the trust fund shall be available for making expenditures to carry out this Act.…

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