[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 74 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
S. RES. 74

 Expressing the opposition of the Senate to the imposition of a fee on 
  or in-kind storage diversion requirement for imported crude oil and 
                      refined petroleum products.


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                   IN THE SENATE OF THE UNITED STATES

             February 25 (legislative day, January 5), 1993

Mr. Pell (for himself, Mr. Mitchell, Mr. Chafee, Mr. Kennedy, Mr. Dodd, 
Mr. Kerry, Mr. Lieberman, Mr. D'Amato, Mr. Smith, Mr. Cohen, Mr. Gregg, 
  Mr. Jeffords, Mr. Lautenberg, and Mr. Roth) submitted the following 
       resolution; which was referred to the Committee on Finance

_______________________________________________________________________

                               RESOLUTION


 
 Expressing the opposition of the Senate to the imposition of a fee on 
  or in-kind storage diversion requirement for imported crude oil and 
                      refined petroleum products.

Whereas a fee on imported crude oil and refined petroleum products, whether in 
        the form of a levy for general revenues, a levy to fund specific 
        programs, or an in-kind storage requirement of a percentage of imported 
        crude oil and refined petroleum products, and whether fixed or variable, 
        would directly increase the costs of production and manufacturing for 
        industries that use petroleum products;
Whereas the increased production costs resulting from such a fee, levy, or 
        diversion would impair the ability of industries to compete in 
        international markets;
Whereas such a fee, levy, or diversion would directly increase the costs to 
        other users of petroleum products, including those dependent on oil and 
        oil products to heat their homes and those who use electricity generated 
        from oil; and
Whereas the increased costs to industry and to homeowners from such a fee, levy, 
        or diversion would not be uniformly distributed among geographic regions 
        or economic sectors, but would be borne disproportionately by the 
        regions and economic sectors that are most dependent on petroleum 
        products: Now, therefore, be it
    Resolved, That it is the sense of the Senate that neither the 
President nor the Congress should impose fees, levies, or diversion 
requirements on imported crude oil and refined petroleum products.

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