HR 3023 108th Congress House Energy Administrative remedies California Commerce Congress Congressional reporting requirements Department of Energy Economics and Public Finance Emergency Management Energy prices Energy shortages Federal-state relations Gasoline Government Operations and Politics Government paperwork Law Midwest (U.S.) Northeastern States Petroleum reserves Retail trade

Gasoline Availability Stabilization (GAS) Reserves Act

Introduced: September 5, 2003 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Sep 23, 2003

Referred to the Subcommittee on Energy and Air Quality.

Sep 5, 2003

Referred to the House Committee on Energy and Commerce.

Sep 5, 2003

Introduced in House

Plain-English summary Congressional Research Service

Gasoline Availablity Stabilization (GAS) Reserves Act - Directs the Secretary [of Energy] to: (1) establish a Gasoline Availability Stabilization Reserve (GAS Reserve) system with a total capacity of 20 million barrels of regular unleaded gasoline; and (2) determine a site for one GAS Reserve each in the Northeast and Midwest regions and one in California, to be operational within two years after the date of enactment of this Act.

Instructs the Secretary to: (1) transmit to Congress, the Secretary of Homeland Security, and the Governor of each State in which a reserve will be sited a plan for the transportation of the contents of the GAS Reserve to consumers in the event of an emergency sale; and (2) complete the process of filling the GAS Reserve by March 1, 2006.

Prescribes procedural guidelines for emergency sales by the Secretary from the GAS Reserve upon written request from the Governor of a State for GAS Reserve emergency sales assistance owing to a physical disruption in the gasoline supplies that is likely to result in price volatility for retail gasoline in the Governor's State.

Authorizes the Secretary to conduct purchases and sales of gasoline at wholesale for maintenance of the GAS Reserve system.

What's happening now September 23, 2003

Referred to the Subcommittee on Energy and Air Quality.

Committees of jurisdiction 2