HR 1698 · 99th Congress · Energy

Strategic Petroleum Reserve Reliability Improvement Act

Introduced 1985-03-25· Sponsored by Rep. Sharp, Philip R. [D-IN-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: For Further Action See H.R.1699.(1985-05-22)

Plain Language Summary

[AI summary unavailable — showing source text] Strategic Petroleum Reserve Reliability Improvement Act - Amends the Energy Policy and Conservation Act to direct the Secretary of Energy (the Secretary) to implement a test drawdown and distribution of approximately 1,100,000 barrels of petroleum product from the Strategic Petroleum Reserve (the Reserve) in order to evaluate the implementation of the Strategic Petroleum Distribution Plan (the Plan). Requires that any modification of the Plan be transmitted to the Congress within 15 calendar days prior to the offering of any petroleum product for sale under this Act. Prohibits the Secretary from selling any petroleum product to any Federal agency while implementing the test drawdown and distribution. Prohibits the Secretary from selling any petroleum product under this Act at less than 90 percent of the sales price of the comparable petroleum product being sold in the same area at the time. Requires the Secretary to acquire petroleum product for the Reserve in the same amount as the total amount of petroleum product sold pursuant to the test drawdown and distribution. Requires the Secretary to transmit to the Congress a detailed explanation of any test implemented under this Act.…

Summarized by Claude AI · Non-partisan · For informational purposes only