S 514 · 96th Congress · Energy

A bill to amend the Emergency Petroleum Allocation Act of 1973 to exempt from price controls economically marginal crude oil production.

Introduced 1979-03-01· Sponsored by Sen. Bellmon, Henry L. [R-OK]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Energy and Natural Resources.(1979-03-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Emergency Petroleum Allocation Act of 1973 to allow the first sale of deep stripper well crude oil to be exempt from price regulation under such Act. Requires a well to be producing at the maximum feasible rate throughout a 12-month period in order to qualify for such exemption.…

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