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Wholesale Motor Fuel Fairness and Competition Restoration Act

Introduced: February 27, 2003 Introduced by: Thompson, Mike Democratic · California See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2003
Referred to the Subcommittee on Energy and Air Quality.
Feb 27, 2003
Referred to the House Committee on Energy and Commerce.
Feb 27, 2003
Introduced in House
 Plain-English summary Congressional Research Service
Wholesale Motor Fuel Fairness and Competition Restoration Act - Declares that it shall be unlawful for an owner or operator to sell motor fuel from its terminal facility to any person in excess of the price it charges any other person, including a distributor or retailer which it owns or with which it is affiliated. Exempts from such prohibition certain franchises or sales contracts entered into before enactment of this Act.

Establishes civil and criminal penalties for violations of this Act.

Instructs the Federal Trade Commission to: (1) issue regulations requiring full disclosure by refiners and distributors of their wholesale motor fuel pricing policies, with a separate listing of each component contributing to prices, including the cost of crude oil, refining, marketing, transportation, equipment, overhead, and profit, along with a description of any rebates, incentives, and market enhancement allowances; and (2) ensure that all information acquired pursuant to such regulations is disseminated to the public.

What's happening now March 10, 2003

Referred to the Subcommittee on Energy and Air Quality.

 Committees of jurisdiction 2