HR 245
107th Congress
House
Energy
Armed Forces and National Security
Commerce
Congress
Congressional reporting requirements
Economics and Public Finance
Energy shortages
Gas industry
Gas storage
Government trust funds
Natural gas reserves
Public Lands and Natural Resources
Strategic materials
Natural Gas Reserve Act of 2001
Introduced: January 30, 2001
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2001
Referred to the Subcommittee on Energy and Air Quality.
Jan 30, 2001
Referred to the House Committee on Energy and Commerce.
Jan 30, 2001
Sponsor introductory remarks on measure. (CR E52)
Jan 30, 2001
Introduced in House
Plain-English summary
Natural Gas Reserve Act of 2001 - Amends the Energy Policy and Conservation Act to authorize the Secretary of Energy to establish and operate a Natural Gas Reserve (NGR), which shall not be deemed to be a component of the Strategic Petroleum Reserve.
Sets forth implementation authority for natural gas release and sales predicated upon a finding that a natural gas supply shortage exists. Restricts such sales to entities customarily engaged in natural gas sale and distribution.
Instructs the Secretary of the Treasury to establish a Natural Gas Reserve Account to serve as depository for receipts from disposition of NGR natural gas.
Authorizes the Secretary of Energy to obligate amounts in such Account without the need for further appropriation. Retains the availability of such funds for obligation without fiscal year limitation.
What's happening now
Referred to the Subcommittee on Energy and Air Quality.
Committees of jurisdiction
2