HR 3608
106th Congress
House
Energy
Commerce
Energy supplies
Gulf of Mexico
Harbors
Heating
New York City
Petroleum
Petroleum industry
Petroleum prices
Petroleum reserves
Petroleum storage
Public Lands and Natural Resources
Restrictive trade practices
Transportation and Public Works
Weather
Home Heating Oil Price Stability Act
Introduced: February 9, 2000
Introduced by:
Sanders, Bernard
Independent
· Vermont
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 24, 2000
Referred to the Subcommittee on Energy and Power.
Feb 9, 2000
Referred to the House Committee on Commerce.
Feb 9, 2000
Introduced in House
Plain-English summary
Home Heating Oil Price Stability Act - Instructs the Secretary of Energy to immediately create a fuel oil reserve containing two million barrels of heating oil in leased storage facilities in the New York Harbor area and 4.7 million barrels in one of the four Strategic Petroleum Reserve (SPR) caverns in the Gulf Coast. Permits the Secretary to fill such heating oil reserve by trading SPR crude oil for heating oil.
Authorizes the President to immediately draw down the Fuel Oil Product Reserve only when domestic fuel oil prices rise sharply because of anticompetitive activity, during a fuel oil shortage, or during periods of extreme winter weather.
Authorizes appropriations.
What's happening now
Referred to the Subcommittee on Energy and Power.
Committees of jurisdiction
2