S 900 · 96th Congress · Energy

A bill to provide for the establishment of an energy production, conservation, and conversion trust fund.

Introduced 1979-04-05· Sponsored by Sen. Ribicoff, Abraham A. [D-CT]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1979-04-05)

Plain Language Summary

[AI summary unavailable — showing source text] Establishes in the Treasury of the United States a trust fund to be known as the Energy Production, Conservation, and Conversion Trust Fund. Establishes within such Trust Fund the Energy Financing Program Account and the Energy-Efficient Program Account. Appropriates to the Trust Fund $1 plus any increase in budget receipts from any new oil windfall profits tax. Permits amounts in any account of the Trust Fund to be expended for energy programs and projects.…

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