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HR 741 102th Congress House Energy Congressional oversight Energy policy Energy security Energy supplies Federal preemption Fines (Penalties) Government paperwork Petroleum Petroleum prices War and emergency powers

Emergency Oil Market Stability Act of 1991

Introduced: January 30, 1991 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 1991
Referred to the Subcommittee on Energy and Power.
Jan 30, 1991
Referred to the House Committee on Energy and Commerce.
Jan 30, 1991
Introduced in House
 Plain-English summary Congressional Research Service

Emergency Oil Market Stability Act of 1991 - Amends the Energy Policy and Conservation Act to direct the President to promulgate and transmit to the Congress a standby regulation providing for mandatory allocation of petroleum products. Specifies emergency circumstances in which the President may implement such regulation. Mandates that the regulation include an optional standby program for crude oil sharing among refiners.

Declares that the President shall have no authority to: (1) impose any tax, tariff, or user fee; (2) prescribe minimum petroleum prices; (3) establish a program for the assignment of rights for end-user purchases gasoline or diesel fuel; or (4) restrict or allocate consumer petroleum inventories.

Preempts State and local law about petroleum product pricing or allocation, except where exempted by the President. Permits a Governor to implement a State set aside program for residual fuel oil or any refined petroleum and, if the President approves it, also win exemption.

Establishes a civil penalty for violation of the standby regulation.

Directs the President to collect information on a State-by-State basis regarding petroleum products pricing, supply, and distribution.

Terminates all authority under this Act on a specified date.

What's happening now February 11, 1991

Referred to the Subcommittee on Energy and Power.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1