A bill to amend the Internal Revenue Code of 1954 to deny the deduction of any expenditure of any oil company for advertising not directly related to the sale of products or services.

[AI summary unavailable — showing source text] Denies a tax deduction for any expenditure of any oil company for advertising not directly related to the sale of products or services under the Internal Revenue Code States that this prohibition shall not be construed to apply to the allowance of a deduction for expenses incurred in appearances before the committees, or individual Members of Congress or of any body of a State.…