SRES 568 · 94th Congress · Energy

A resolution relating to the redistribution of certain windfall corporate profits.

Introduced 1976-09-29· Sponsored by Sen. Hartke, Vance [D-IN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Interior and Insular Affairs.(1976-09-29)

Plain Language Summary

[AI summary unavailable — showing source text] Directs the Administrator of the Federal Energy Administration to take all necessary steps to recover windfall profits resulting from use of illegal nonproduct cost passthroughs by petroleum producers and marketers. Authorizes the Administrator to use selective price rollbacks, civil penalties, and other measures authorized by law which will most equitably redistribute such monies throughout the economic sector.…

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