HR 7019
116th Congress
House
Energy
Energy revenues and royalties
Energy storage, supplies, demand
Oil and gas
Strategic materials and reserves
Strategic Petroleum Reserve Reform Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 26, 2020
Referred to the House Committee on Energy and Commerce.
May 26, 2020
Introduced in House
Plain-English summary
Strategic Petroleum Reserve Reform Act
This bill revises requirements for the Strategic Petroleum Reserve to address underutilized storage facilities.
Specifically, the bill authorizes the Department of Energy (DOE) to lease such storage facilities to private entities. Currently, DOE may only lease these storage facilities to foreign governments. DOE must ensure that leasing of facilities to foreign governments will not impair national security.
In addition, DOE must conduct a pilot program to lease storage capacity for up to 200 million barrels of petroleum products.
What's happening now
Referred to the House Committee on Energy and Commerce.
Committees of jurisdiction
1