legislation: 99-s-2779

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
99-s-2779 99 s 2779 Energy Security Act of 1986 Taxation 1986-08-15 1986-08-15 Read twice and referred to the Committee on Finance. Senate Sen. Domenici, Pete V. [R-NM] NM R D000407 12 Energy Security Act of 1986 - Amends the Internal Revenue Code to impose an import fee on: (1) the first sale within the United States of any crude oil or any refined petroleum product imported into the United States; and (2) the use within the United States of any crude oil or any refined petroleum product imported into the United States if no such tax has been imposed prior to such use. Exempts from such tax crude oil or refined petroleum products purchased for export. Sets the rate of such tax as the difference between $18 per barrel and the average world price of crude oil per barrel. 2025-08-29T16:33:17Z  

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