S 997 · 99th Congress · Energy
Emergency Preparedness Act of 1985
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Subcommittee on Public Lands and Reserved Water. Hearings held.(1986-04-11)
Plain Language Summary
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Emergency Preparedness Act of 1985 - Title I: Strategic Petroleum Reserve - Amends the Energy Policy and Conservation Act to authorize the Secretary of Energy (the Secretary) to conduct a test sale of at least one million but not more than five million barrels of Strategic Petroleum Reserve petroleum products. Requires such test sale to comply with the Strategic Petroleum Distribution Plan. Requires the sales prices of all petroleum products sold during any test sale to be at a minimum of: (1) a price not less than that which the Secretary determines appropriate under the test sale circumstances; or (2) not less than 80 percent of the price estimated by the Secretary for comparable petroleum products being sold in the same areas at the same time. Reduces the minimum required fill rate for any fiscal year in which a test sale is conducted by the amount for any oil withdrawn under the test sale from the Strategic Petroleum Reserve. Increases the minimum fill rate for the next fiscal year by the same amount. Authorizes the curtailment or suspension of new petroleum products purchase contracts and of the injection of petroleum products into the Strategic Petroleum Reserve if the Presid…
Summarized by Claude AI · Non-partisan · For informational purposes only