S 2047
106th Congress
Senate
Energy
Armed Forces and National Security
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
Strategic materials
Transportation and Public Works
Weather
Home Heating Oil Price Stability Act
Introduced: February 9, 2000
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 9, 2000
Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S546)
Feb 9, 2000
Sponsor introductory remarks on measure. (CR S545, S546-547)
Feb 9, 2000
Introduced in Senate
Plain-English summary
Home Heating Oil Price Stability Act - Instructs the Secretary of Energy to immediately create a Heating 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 on the coast of the Gulf of Mexico. 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 Heating Oil Reserve 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
Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S546)
Committees of jurisdiction
1
Cosponsors
1