National Energy Security Corporation Act
Latest action. Referred to House Committee on Interstate and Foreign Commerce.
National Energy Security Corporation Act - Amends the Energy Policy and Conservation Act to establish a nonprofit corporation to be known as the National Energy Security Corporation to undertake or provide for the undertaking of commercial-scale ventures assuring the availability of the maximum amount of energy for domestic use and furthering the national goal of a domestic synthetic fuel and feedstock production capacity of 2,500,000 barrels crude oil equivalent. Directs the Board of Directors of such Corporation to designate energy projects designed to carry out the purposes of this Act, with priority being given to projects resulting in the greatest production or conservation of energy. Prohibits the Board from so designating projects involving nuclear power, projects subject to foreign jurisdiction, research and development projects, or projects adversely affecting competition. Authorizes the Board to provide financial assistance to such projects in the form of loans or price subsidies, price guarantees, or purchase guarantees for products produced by such project, or to acquire stock or otherwise participate in the financing of such projects, or to undertake the project itself. Stipulates that such financial assistance may be provided only if it is not otherwise available. Sets forth other requirements for providing such assistance. Sets forth requirements regarding the composition of the Board of Directors of the Corporation. Sets forth the general authority of the Corporation and restrictions thereon. Authorizes appropriations for fiscal years 1980 through 1982 to carry out the purposes of this Act. Directs the Secretary of the Treasury to establish a revolving fund into which shall be deposited Corporation receipts from activities carried out pursuant to this Act. Exempts the Corporation from State and local taxation. Terminates the activities of the Corporation on January 1, 2000, subject to a liquidation plan developed by the Corporation and submitted to the President and specified congressional committees for approval.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on August 1, 1979. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on August 1, 1979: Referred to House Committee on Interstate and Foreign Commerce.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 96th Congress (1979-80), 613 of the 12,581 bills and joint resolutions introduced became law, about 4.9 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
JOHN DINGELL (D-MI) introduced it on August 1, 1979. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on August 1, 1979, 17207 days ago. The most recent recorded action was 17207 days ago, on August 1, 1979.
Measures do not carry over. Anything the 96th Congress has not finished by January 3, 1981 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers