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Federal Response to Energy Emergencies Act of 2005

Introduced: September 28, 2005 See on congress.gov
 Everywhere this bill has been 12 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 2006
Sponsor introductory remarks on measure. (CR H5101-5102)
Jun 29, 2006
Sponsor introductory remarks on measure. (CR H4816-4817)
May 3, 2006
Sponsor introductory remarks on measure. (CR H1995)
Apr 26, 2006
Sponsor introductory remarks on measure. (CR H1821-1822)
Apr 25, 2006
Sponsor introductory remarks on measure. (CR H1685)
Nov 7, 2005
Referred to the Subcommittee on Education Reform.
Nov 3, 2005
Sponsor introductory remarks on measure. (CR H9610-9611)
Oct 17, 2005
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Sep 28, 2005
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 28, 2005
Introduced in House
Sep 27, 2005
Sponsor introductory remarks on measure. (CR H8379-8380)
Sep 21, 2005
Sponsor introductory remarks on measure. (CR H8222-8223)
 Plain-English summary Congressional Research Service

Federal Response to Energy Emergencies Act of 2005 - Declares unlawful: (1) unconscionable pricing of gasoline, oil, natural gas, and petroleum distillates during emergencies; (2) intentional reporting of false price information concerning wholesale prices of such products; and (3) market manipulation regarding the purchase or sale at wholesale of such products.

Authorizes the President to declare a federal energy emergency upon finding that the national health, safety, welfare, or economic well-being is at risk because of an actual or imminent shortage of such products due to a disruption of the national distribution system, or significant pricing anomalies in national or regional energy markets for the products.

Empowers the Federal Trade Commission (FTC) and State Attorneys General to enforce this Act.

Sets forth civil and criminal penalties for violations of this Act.

Requires fines and penalties collected under this Act to be deposited in a separate fund in the treasury to be known as the Consumer Relief Trust Fund to provide assistance under the Low Income Home Energy Assistance Program.

Directs the FTC to facilitate price transparency in wholesale markets for the sale of crude oil and essential petroleum products.

Instructs the FTC to transmit a confidential report to Congress on the potential impact on domestic prices of crude oil, residual fuel oil, and refined petroleum products that would result from the disruption for periods of one week, one year, and five years, respectively.

Directs the Secretary of Energy and the Energy Information Administration to review and report to Congress on expenditures and activities undertaken by certain size companies to protect the energy supply system from terrorist attacks, international supply disruptions, and natural disasters, and ensure a stable and reasonably priced supply of such products to consumers in the United States.

Requires such report to assess the companies' preparations for the forecasted period of more frequent and more intense hurricane activity in the Gulf of Mexico and other vulnerable coastal areas.

What's happening now July 12, 2006

Sponsor introductory remarks on measure. (CR H5101-5102)

 Committees of jurisdiction 4