§ 4505. — Reports.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC4505]
TITLE 15--COMMERCE AND TRADE
CHAPTER 71--PETROLEUM OVERCHARGE DISTRIBUTION AND RESTITUTION
Sec. 4505. Reports
(a) Report on receipts and disbursements
The Secretary shall transmit, not later than 60 days after October
21, 1986, a report to the committees referred to in subsection (d) of
this section containing a clear and complete statement of all receipts,
disbursements, and commitments of restitutionary amounts, as of October
21, 1986, by the Secretary pursuant to--
(1) any judicial or administrative proceeding (including any
settlement agreement or declaratory judgment) instituted at any time
by the Secretary to enforce the crude oil and petroleum product
pricing and allocation regulations issued under the Emergency
Petroleum Allocation Act of 1973 [15 U.S.C. 751 et seq.] or the
Economic Stabilization Act of 1970; or
(2) section 155 of Public Law 97-377.
(b) Report on collection of certain deficiency funds
The Secretary shall transmit a report each fiscal year, beginning in
fiscal year 1987, to such committees on the status of collections by the
Secretary of deficiency funds to be deposited into the M.D.L. No. 378
escrow account established by the United States District Court for the
District of Kansas until all such deficiency funds have been paid. The
Secretary shall, in a manner substantially similar to that required by
section 155 of Public Law 97-377 with respect to amounts disbursed under
such section, monitor the disposition by the States of any funds
disbursed to the States by the court pursuant to the opinion and order
of such District Court, dated July 7, 1986, with respect to In Re: the
Department of Energy Stripper Well Exemption Litigation, M.D.L. No. 378,
including the use of such funds for administrative costs and attorneys
fees.
(c) Report on amount estimated to be available for indirect restitution
The Secretary shall transmit, on March 1 of each year beginning with
1987 and continuing until all the restitutionary amounts to which
section 4501(a) of this title applies have been collected and disbursed
as provided in this chapter, a report to such committees containing an
estimate of the amount that will be determined under section 4502(c) \1\
of this title to be the excess amount for purposes of section
4502(d)(1)(B) \1\ of this title for the fiscal year beginning the next
October 1.
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\1\ See References in Text note below.
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(d) Receipt by committees
The reports required by this chapter shall be transmitted to the
Committee on Energy and Commerce of the House of Representatives and the
Committee on Energy and Natural Resources of the Senate.
(Pub. L. 99-509, title III, Sec. 3006, Oct. 21, 1986, 100 Stat. 1886.)
References in Text
The Emergency Petroleum Allocation Act of 1973, referred to in
subsec. (a)(1), is Pub. L. 93-159, Nov. 27, 1973, 87 Stat. 628, as
amended, which was classified generally to chapter 16A (Sec. 751 et
seq.) of this title, was omitted from the Code pursuant to section 760g
of this title, which provided for the expiration of the President's
authority under that chapter on Sept. 30, 1981.
The Economic Stabilization Act of 1970, referred to in subsec.
(a)(1), is title II of Pub. L. 91-379, Aug. 15, 1970, 84 Stat. 799, as
amended, formerly set out as an Economic Stabilization Provisions note
under section 1904 of Title 12, Banks and Banking.
Section 155 of Public Law 97-377, referred to in subsecs. (a)(2),
(b), is section 155 of Pub. L. 97-377, title I, Dec. 21, 1982, 96 Stat.
1919, which is not classified to the Code.
Section 4502(c) and (d) of this title, referred to in subsec. (c),
was repealed by section 4502(e) of this title.
Change of Name
Committee on Energy and Commerce of House of Representatives treated
as referring to Committee on Commerce of House of Representatives by
section 1(a) of Pub. L. 104-14, set out as a note preceding section 21
of Title 2, The Congress. Committee on Commerce of House of
Representatives changed to Committee on Energy and Commerce of House of
Representatives, and jurisdiction over matters relating to securities
and exchanges and insurance generally transferred to Committee on
Financial Services of House of Representatives by House Resolution No.
5, One Hundred Seventh Congress, Jan. 3, 2001.
Section Referred to in Other Sections
This section is referred to in section 4506 of this title.
