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Congress recesses with oil import rulings pending
Congress has recessed for the general election without acting on several oil related measures. The House Ways and Means Committee proposal to bar tariffs on oil imports remains far from passage, posing a ticklish pre election issue for some lawmakers, especially senators opposed to oil import controls. Other commodities like textiles are also set for import limits.
MENTIONED IN THIS ARTICLE
Max B. Skelton
Houston, Tex
Congress
American Petroleum Institute
Western
Europe
Middle East
Syria
Libya
House
Ways and Means
Mittee
Herbert Stein
Council of Economic Advisers