Search Results: keywords:"petroleum products"

  • S. 4761 — To require increased duties for goods and services imported from countries that import crude oil or petroleum products produced in the Islamic Republic of Iran.
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    Status:Introduced in Senate
    Words:1,177

    The Tariffs for Terrorism Act of 2024 aims to impose steep duties on goods and services imported into the United States from countries that buy crude oil or petroleum products from Iran. These duties could be as high as 500% to discourage international trade with Iran, which...

    Simple Explanation

    The Tariffs for Terrorism Act of 2024 is like a new rule that says the U.S. can charge a lot more money (up to 500% extra) on stuff it buys from countries that get oil from Iran, to try and stop Iran from getting money that might be used for bad things. Every four months, they will check which countries this affects, but it's a tricky process that could make trading with other countries confusing or difficult.

  • H. R. 10314 — To amend the Internal Revenue Code of 1986 to establish a National Resilience and Recovery Fund, and for other purposes.
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    Status:Introduced in House
    Words:3,444

    The bill H. R. 10314, known as the "National Resilience and Recovery Fund Act," aims to amend the Internal Revenue Code of 1986 to create a fund focused on national resilience and recovery. This fund will help finance various federal programs related to disaster mitigation...

    Simple Explanation

    The bill wants to make a new money-saving piggy bank called the "National Resilience and Recovery Fund" by collecting some extra pennies from big companies that drill oil and gas. This piggy bank would help pay for fixing things when storms and disasters happen, but people are concerned because they aren't sure exactly how it will all work or if it will be fair to everyone.

  • S. 3828 — To prohibit the export of liquefied natural gas and petroleum products to certain countries.
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    Status:Introduced in Senate
    Words:675

    S. 3828 aims to stop the export of liquefied natural gas and petroleum products from the United States to certain countries, specifically targeting entities controlled by China, Russia, North Korea, or Iran. The bill allows for the possibility of waivers, which can be granted...

    Simple Explanation

    S. 3828 is a rule that says the U.S. can't sell certain types of gas and oil to some countries like China and Russia, but there are exceptions if it's really important for safety. If someone breaks this rule, they could get into big trouble and be fined a lot of money or even go to jail.