HR 6035
110th Congress
House
Energy
Armed Forces and National Security
Commerce
Congress
Energy prices
Government Operations and Politics
Government publicity
Petroleum
Petroleum industry
Petroleum reserves
Public Lands and Natural Resources
Strategic materials
Sunset legislation
To authorize the Secretary of Energy to exchange light crude oil in the Strategic Petroleum Reserve for heavy crude oil, and for other purposes.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 14, 2008
Referred to the Subcommittee on Energy and Air Quality.
May 13, 2008
Referred to the House Committee on Energy and Commerce.
May 13, 2008
Introduced in House
Plain-English summary
Instructs the Secretary of Energy to: (1) publish an announcement in the Federal Register, within 14 days after the end of any period of ten consecutive days during which the price of oil exceeds $90 per barrel, offering 50 million barrels of light crude oil from the Strategic Petroleum Reserve (SPR) in exchange for heavy crude oil; and (2) establish a schedule distributing exchanges over a period of two years.
Sunsets the authority to enter into such exchange agreement one year after the date of enactment of this Act.
What's happening now
Referred to the Subcommittee on Energy and Air Quality.
Committees of jurisdiction
2