HR 7019
Strategic Petroleum Reserve Reform Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
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.
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Primary sponsor
Cosponsors
Bill Flores
Collin C. Peterson
Fred Keller
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