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S 1951 106th Congress Senate Energy Armed Forces and National Security Commerce Congress Congressional reporting requirements Economic impact statements Economics and Public Finance Energy supplies Foreign Trade and International Finance Government trust funds Heating Petroleum industry Petroleum prices Petroleum reserves Restrictive trade practices Strategic materials

Oil Price Safeguard Act

Introduced: November 17, 1999 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2000
Sponsor introductory remarks on measure. (CR S1370-1371)
Nov 17, 1999
Read twice and referred to the Committee on Energy and Natural Resources.
Nov 17, 1999
Sponsor introductory remarks on measure. (CR S14734-14735)
Nov 17, 1999
Introduced in Senate
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 Plain-English summary Congressional Research Service
Oil Price Safeguard Act - Amends the Energy Policy and Conservation Act to expand the circumstances under which a severe energy supply interruption shall be deemed to exist (thus permitting a drawdown of the Strategic Petroleum Reserve (SPR). Provides for the deeming of such an interruption when oil and gas prices in the United States increase to a level likely to cause a significant adverse impact on the national economy as a result of the anticompetitive conduct of one or more foreign countries or international entities.

Directs the President to present a status report to certain congressional committees if the price of a barrel of crude oil exceeds a specified price for a period greater than 14 days, including: (1) the impact upon the price of home heating oil; and (2) whether the President supports a drawdown and distribution from the SPR.

What's happening now March 9, 2000

Sponsor introductory remarks on measure. (CR S1370-1371)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Reed, Jack
Rhode Island · Feb 8, 2000
 R
Collins, Susan M.
Maine · Nov 17, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1951: Oil Price Safeguard Act. 106th Congress. Open America. https://openamerica.io/bill/106-S-1951/
MLA
"S. 1951: Oil Price Safeguard Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-1951/.
Bluebook (legal)
S. 1951, 106th Cong. (2026), https://openamerica.io/bill/106-S-1951/.
Markdown link
[S. 1951: Oil Price Safeguard Act](https://openamerica.io/bill/106-S-1951/)
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