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Strategic Gasoline and Fuel Reserve Act of 2007

Introduced: May 10, 2007 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 10, 2007
Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced in Senate: CR S5934-5936)
May 10, 2007
Introduced in Senate
 Plain-English summary Congressional Research Service

Strategic Gasoline and Fuel Reserve Act of 2007 - Amends the Energy Policy and Conservation Act to direct the Secretary of Energy to establish, maintain, and operate a Strategic Gasoline and Fuel Reserve of gasoline and jet fuel.

Instructs the Secretary to determine between three and five regionally strategic Reserve sites throughout the United States.

Permits the Secretary to release gasoline or fuel from the Reserve only if: (1) the President finds that there is a severe fuel supply disruption; or (2) the governor of a state requests a release from the Reserve, accompanied by specified findings.

Establishes in the Treasury a revolving Strategic Gasoline and Fuel Reserve Fund.

What's happening now May 10, 2007

Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced in Senate: CR S5934-5936)

 Committees of jurisdiction 1