Sec. 501. verification examination
440 words·~2 min read·
/statute-compilations/comps-845/sec-501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 501 verification examination ###
(a)The Comptroller General may conduct verification examinations with respect to the books, records, papers, or other documents of— ####
(1)any person who is required to submit energy information to the Federal Energy Administration, the Department of the Interior, or the Federal Power Commission pursuant to any rule, regulation, order, or other legal process of such Administration, Department or Commission; ####
(2)any person who is engaged in the production, processing, refining, transportation by pipeline, or distribution (at other than the retail level) of energy resources— #####
(A)if such person has furnished, directly or indirectly, energy information (without regard to whether such information was furnished pursuant to legal requirements) to any Federal agency (other than the Internal Revenue Service), and #####
(B)if the Comptroller General of the United States determines that such information has been or is being used or taken into consideration, in whole or in part, by a Federal agency in carrying out responsibilities committed to such agency; or ####
(3)any vertically integrated petroleum company with respect to financial information of such company related to energy resource exploration, development, and production and the transportation, refining and marketing of energy resources and energy products. ###
(b)The Comptroller General shall conduct verification examinations of any person or company described in subsection (a), if requested to do so by any duly established committee of the Congress having legislative or oversight responsibilities under the rules of the House of Representatives or of the Senate, with respect to energy matters or any of the laws administered by the Department of the Interior (or the Secretary thereof), the Federal Power Commission, or the Federal Energy Administration (or the Secretary). ###
(c)For the purposes of this title— ####
(1)The term “**verification examination**” means an examination of such books, records, papers, or other documents of a person or company as the Comptroller General determines necessary and appropriate to assess the accuracy, reliability, and adequacy of the energy information, or financial information, referred to in subsection (a). ####
(2)The term “**energy information**” has the same meaning as such term has in section 11(e)(1) of the Energy Supply and Environmental Coordination Act of 1974. ####
(3)The term “**person**” has the same meaning as such term has in section 11(e)(2) of the Energy Supply and Environmental Coordination Act of 1974. ####
(4)The term “**vertically integrated petroleum company**” means any person which itself, or through a person which is controlled by, controls, or is under common control with such person, is engaged in the production, refining, and marketing of petroleum products. **[**[42 U.S.C. 6381](/us/usc/t42/s6381)**]**
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 501
verification examination
Cites 1Cited by 0 across 0 sources