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HR 432 118th Congress House Energy

Buy Low and Sell High Act

Introduced: January 20, 2023 Introduced by: Pallone, Frank Democratic · New Jersey See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 27, 2023
Referred to the Subcommittee on Energy, Climate and Grid Security.
Jan 20, 2023
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Oversight and Accountability, 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.
Jan 20, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Buy Low and Sell High Act

This bill revises requirements concerning the Strategic Petroleum Reserve (SPR) and sets forth provisions to reduce the demand for petroleum fuel and increase fuel supply.

For example, the bill directs the Department of Energy (DOE) to establish within the SPR an Economic Petroleum Reserve of up to 350 million barrels of crude oil.

DOE must also establish a national network of Strategic Refined Petroleum Product Reserves to store up to 250 million barrels of gasoline and diesel fuel, which may be sold when there is a severe fuel supply interruption within the district in which the reserve is located.

In addition, the bill increases the cap on the amount of barrels of petroleum distillate that may be stored in the Northeast Home Heating Oil Reserve from two million to four million.

It also establishes limits on the sale and exportation of petroleum products from such reserves.

Further, the bill establishes provisions concerning electrifying the transportation sector, zero-emission vehicles, and a program to increase the amount of crude oil refined in oil refineries in certain countries in the Western Hemisphere.

What's happening now January 27, 2023

Referred to the Subcommittee on Energy, Climate and Grid Security.

 Related & companion bills 2
  • HR 293 Related bill Banning Oil Exports to Foreign Adversaries Act
  • S 4020 Related bill Banning Oil Exports to Foreign Adversaries Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 6
All 6 Democratic 3
D
Pingree, Chellie
Maine · Feb 1, 2023
 D
Craig, Angie
Minnesota · Jan 20, 2023
 D
Crow, Jason
Colorado · Jan 20, 2023
Kuster, Ann
· Jan 20, 2023
Spanberger, Abigail
· Jan 20, 2023
Trone, David
· Jan 20, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 432: Buy Low and Sell High Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-432/
MLA
"H.R. 432: Buy Low and Sell High Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-432/.
Bluebook (legal)
H.R. 432, 118th Cong. (2026), https://openamerica.io/bill/118-HR-432/.
Markdown link
[H.R. 432: Buy Low and Sell High Act](https://openamerica.io/bill/118-HR-432/)
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