S 2989 · 98th Congress · Energy

Petroleum Foreign Investment Disclosure Act of 1984

Introduced 1984-09-12· Sponsored by Sen. DeConcini, Dennis [D-AZ]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Energy and Natural Resources.(1984-09-12)

Plain Language Summary

[AI summary unavailable — showing source text] Petroleum Foreign Investment Disclosure Act of 1984 - Requires a report to the Secretary of Energy from any foreign person who acquires or transfers any interest, other than a security interest, in: (1) an oil retail outlet, if the aggregate number of outlets held by such person is 20 or more; or (2) an oil refinery. Specifies information to be included in such report. Requires any foreign person who holds any interest, other than a security interest, in 20 or more retail outlets or an oil refinery on the day prior to the enactment of this Act to submit a report to the Secretary. Specifies information to be included in such report. Requires any person who holds or acquires any interest, other than a security interest, in 20 or more retail outlets or an oil refinery at a time when such person is not a foreign person and who later becomes a foreign person to report to the Secretary. Specifies information to be included in such report. Requires all of the reports required by this paragraph to be available for public inspection. Sets forth civil penalties for individuals failing to submit a report required by this Act. Authorizes the Secretary to take actions necessary to monitor compl…

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