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U.S. Department of Energy
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H. R. 4553: a bill to provide fair incentives for the domestic production of oil and gas, and give flexibility to financial institutions with regard to energy and agricultural loans, and for other purposes. Introduced in the House of Representatives, Ninety-Ninth Congress, Second Session, April 10, 1986

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OSTI ID:5577823
The purpose of the Energy Incentives and Agricultural Financial Resources Act of 1986 is to provide fair incentives for the domestic production of oil and gas, and to give flexibility to financial institutions with regard to energy and agricultural loans. The legislation reflects the current drop in activity and investment as a result of economic conditions and tax laws. It amends the Federal Deposit Insurance Act to assist troubled banks in providing capital and restructuring loans for energy development and agricultural pursuits. Title II repeals certain restrictions on the use of natural gas and petroleum imposed under the Fuel Use Act to open up markets and eliminate pricing requirements.
OSTI ID:
5577823
Country of Publication:
United States
Language:
English