A bill to amend the Internal Revenue Code of 1954 to impose a temporary tax of $2 a barrel on imported petroleum products and to use the proceeds of such tax for purposes of reducing the public debt of the United States.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to impose a temporary excise tax of $2 per barrel on imported petroleum products. Terminates such tax on March 31, 1984. Requires that funds raised by such tax be used to reduce the public debt.…