Energy Security Corporation Act

[AI summary unavailable — showing source text] Energy Security Corporation Act - Title I: Corporate Status, General Powers, Subsidiaries, and Tax Status - Establishes an Energy Security Corporation for the production of synthetic fuels and solar energy. Sets forth the powers of such Corporation. Empowers the Corporation to create wholly-owned subsidiaries to carry out authorized functions of such Corporation. Exempts the Corporation from all Federal, State, or local taxation. Title II: Structure and Organization - Vests the powers of the Corporation in a Board of Directors. Sets forth the membership structure of such Board. Subjects Directors, officials, and employees of the Corporation to conflict of interest provisions of Federal law. Requires the Corporation to submit a quarterly report to the President and Congress on its financial condition, an annual report on the Corporation's operations during the year, and a report, on or before September 30, 1986, of the overall impact of the Corporation with a plan for liquidation of the Corporation in the event that its authority is not extended by Congress. Title III: Energy Bonds - Authorizes the Corporation to issue interest-bearing energy bonds for purchase by the general public…