HR 4404
97th Congress
House
Energy
Petroleum and petroleum products
Petroleum industry
Petroleum prices
Petroleum reserves
A bill to provide that petroleum company overcharges paid to the United States shall be available for completing the Strategic Petroleum Reserve.
Introduced: August 4, 1981
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 1981
Referred to Subcommittee on Fossil and Synthetic Fuels.
Aug 4, 1981
Referred to House Committee on Energy and Commerce.
Aug 4, 1981
Introduced in House
Plain-English summary
Amends the Department of Energy Organization Act and the Energy Policy and Conservation Act to require that petroleum company overcharges, paid to the United States, be used to complete the Strategic Petroleum Reserve. Provides for initial good-faith efforts to refund such amounts to original purchasers.
Permits payment either by cash or by in-kind transfers of petroleum products.
Requires the Secretary of Energy to study and report to the President and the Congress on the final Strategic Storage Level.
What's happening now
Referred to Subcommittee on Fossil and Synthetic Fuels.
Committees of jurisdiction
2
Cosponsors
1