Energy Company of America Act
Latest action. Referred to Senate Committee on Governmental Affairs.
Energy Company of America Act - Amends the Department of Energy Organization Act to establish a government corporation to be known as the Energy Company of America. Sets forth the composition of the Board of Directors of such Company. Authorizes the Company to: (1) explore for oil, natural gas, coal, and uranium on any Federal lands; (2) develop, produce, import, purchase, refine or enrich, store, transport, and sell fuel technology resources; (3) engage in research and development for improved methods of fuel resource technology; (4) obtain necessary equipment and facilities; (5) explore for, develop, produce, import, purchase, store, transport, and sell fuel resources in or from non-domestic sources; (6) sue and be sued in its corporate name, use a corporate seal, and adopt, amend, and repeal bylaws governing the operation of the Board; (7) determine employee qualifications, duties, and compensation; (8) enter into agreements necessary to conduct authorized activities; and (9) consult and cooperate with representatives of private and governmental activities. Sets forth the duties of the Company. Provides for production from standby reserves upon a finding that such production is necessary to alleviate domestic shortages. Provides for the establishment of standby reserves. Sets forth Federal lands conveyance procedures. Sets forth procedures to ensure environmental protection relevant to the construction of Company facilities. Prohibits the Company from proceeding with any such proposed activity except as provided by the Administrator of the Environmental Protection Agency unless, upon judicial review, the court sets aside an adverse determination of the administrator. Sets forth the principle and standards by which the Company shall exercise its duty to act as the exclusive bargaining agent of the United States. Directs the Company to sell fuel resources in such a manner as to: (1) encourage domestic competition; (2) allocate available supplies equitably on a geographical basis; and (3) insure the maximum utilization of domestic energy resource facilities. Prohibits the sale of domestic energy resources to any foreign person or entity unless such person or entity is a qualified buyer who intends to refine it for transportation and sale to the United States at a later date. Exempts the Company from Federal taxation. Permits comparable State and local taxation of the Company. Prohibits the Company from selling at prices below actual adjusted costs. Directs excess revenues to be covered into the miscellaneous receipts fund of the Treasury of the United States. Directs the Company to transmit an annual report to the Congress and the President. Excludes the receipts and disbursements of the Company from totals of the budget of the United States and exempts them from any annual expenditure and net lending limitations imposed on a budget of the United State Government. Declares that Congress shall exercise continuing oversight of the activities of the Company. Establishes within the Company a Citizens Advisory Commission. Sets forth the composition, compensation, and duties of the Commission. Empowers the Company to incur debt for capital and operating purposes through any form of securities, agreements, or obligations. Directs the Secretary of Energy to transfer to the Company all right, title, and interest in any uranium enrichment facilities owned by the Department of Energy. Provides for the expiration of any existing authority to control or regulate the price of petroleum products upon a Presidential finding and declaration that the Company has become sufficiently established to perform effectively as a competitive entity in the energy industry. Makes conforming and technical amendments to such Act.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on March 8, 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 March 8, 1979: Referred to Senate Committee on Governmental Affairs.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- 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?
ADLAI STEVENSON (D-IL) introduced it on March 8, 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 March 8, 1979, 17353 days ago. The most recent recorded action was 17353 days ago, on March 8, 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
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers