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SECTION 1. SHORT TITLE.

This Act may be cited as the ''Domestic Petroleum Security Act of
1993''.

SEC. 2. FEE ON IMPORTED CRUDE OIL OR REFINED PETROLEUM PRODUCTS.

(a) In General.--Subtitle E of the Internal Revenue Code of 1986
(relating to alcohol, tobacco, and certain other excise taxes) is
amended by adding at the end thereof the following new chapter:

''CHAPTER 55--IMPORTED CRUDE OIL OR REFINED PETROLEUM PRODUCTS

''Sec. 5891. Imposition of tax.
''Sec. 5892. Definitions.
''Sec. 5893. Registration.
''Sec. 5894. Procedures; returns;
penalties.

''SEC. 5891. IMPOSITION OF TAX.

''(a) Imposition of Tax.--In addition to any other tax imposed
under this title, an excise tax is hereby imposed on--
''(1) the first sale within the United States of each
barrel (or its equivalent) of--
''(A) any crude oil, or
''(B) any refined petroleum product,
that has been imported into the United States, and
''(2) the use within the United States of each barrel (or
its equivalent) of--
''(A) any crude oil, or
''(B) any refined petroleum product,
that has been imported into the United States if no tax has
been imposed with respect to such crude oil or refined
petroleum product prior to such use.
''(b) Rate of Tax.--
''(1) Crude oil.--For purposes of paragraphs (1)(A) and
(2)(A) of subsection (a) the rate of tax on any barrel (or its
equivalent) shall be the excess, if any, of--
''(A) $25, over
''(B) the energy policy price per barrel of crude
oil.
''(2) Refined petroleum product.--For purposes of
paragraphs (1)(B) and (2)(B) of subsection (a), the rate of tax
on any barrel (or its equivalent) shall be equal to--
''(A) $3, plus
''(B) the tax determined under paragraph (1) of
this subsection.
''(3) Fractional parts of barrels.--In the case of a
fraction of a barrel, the tax imposed by subsection (a) shall
be the same fraction of the amount of such tax imposed on the
whole barrel.
''(c) Determination of Energy Policy Price.--
''(1) In general.--For purposes of this section, the energy
policy price with respect to any week during which the tax
under subsection (a) is imposed shall be determined by the
Secretary and published in the Federal Register on the first
day of such week.
''(2) Basis of determination.--For purposes of paragraph
(1), the energy policy price for any week is the weighted
average international price of a barrel of crude oil for the
preceding 4 weeks as determined by the Secretary, after
consultation with the Administrator of the Energy Information
Administration of the Department of Energy, pursuant to the
formula for determining such international price as used in
publishing the Weekly Petroleum Status Report and as in effect
on the date of the enactment of this section.
''(d) Liability for Payment of Tax.--
''(1) Sales.--The taxes imposed by subsection (a)(1) shall
be paid by the first person who sells the crude oil or refined
petroleum product within the United States.
''(2) Use.--The taxes imposed by subsection (a)(2) shall be
paid by the person who uses the crude oil or refined petroleum
product.
''(3) Tax-free exports.--
''(A) In general.--Under regulations prescribed by
the Secretary, no tax shall be imposed under this
chapter on the sale of crude oil or refined petroleum
products for export or for resale by the purchaser to a
second purchaser for export.
''(B) Proof of export.--Where any crude oil or
refined petroleum product has been sold free of tax
under subparagraph (A), such subparagraph shall cease
to apply with respect to the sale of such crude oil or
refined petroleum product, unless, within the 6-month
period which begins on the date of the sale, the seller
receives proof that the crude oil or refined petroleum
product, has been exported.

''SEC. 5892. DEFINITIONS.

''For purposes of this chapter--
''(1) Crude oil.--The term 'crude oil' means crude oil
other than crude oil produced from a well located in the United
States (within the meaning of section 638(2)) or a possession
of the United States.
''(2) Barrel.--The term 'barrel' means 42 United States
gallons.
''(3) Refined petroleum product.--The term 'refined
petroleum product' shall have the same meaning given to such
term by section 3(5) of the Emergency Petroleum Allocation Act
of 1973 (15 U.S.C. 752(5)).
''(4) Export.--The term 'export' includes shipment to a
possession of the United States; and the term 'exported'
includes shipment to a possession of the United States.

''SEC. 5893. REGISTRATION.

''Every person subject to tax under section 5891 shall, before
incurring any liability for tax under such section, register with the
Secretary.

''SEC. 5894. PROCEDURES; RETURNS; PENALTIES.

''For purposes of this title, the tax imposed by section 5891 shall
be treated in the same manner as the tax imposed by section 4986 (as in
effect before its repeal).''
(b) Conforming Amendment.--The table of chapters for subtitle E is
amended by adding at the end thereof the following new item:

''Chapter 55. Imported crude oil or
refined petroleum products.''
(c) Deductibility of Imported Oil Tax.--The first sentence of
section 164(a) (relating to deductions for taxes) is amended by
inserting after paragraph (5) the following new paragraph:
''(6) The imported oil taxes imposed by section 5891.''

SEC. 3. EFFECTIVE DATE.

The amendments made by this Act shall apply with respect to sales
and use of imported crude oil or imported refined petroleum products on
or after the date of enactment.
Domestic Petroleum Security Act of 1993 - Amends the Internal Revenue Code to impose an excise tax on the first sale within the United States of any crude oil or refined petroleum product imported into the United States. (The tax is imposed on first use if no prior tax has been imposed.) Exempts crude oil and refined petroleum products purchased for export or resale by the purchaser to a second purchaser for export.