S 3655
Strategically Lowering Gas Prices Act
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Strategically Lowering Gas Prices Act, aims to limit the release of oil from the Strategic Petroleum Reserve (SPR). Specifically, it prevents the government from selling oil from the SPR if the President, or designated officials, have withdrawn land from oil and gas leasing after the bill’s enactment. The bill establishes a process for determining when such withdrawals occur and requires publication of those determinations. However, there are exceptions for emergencies like sabotage, war, terrorism, or natural disasters.
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Primary sponsor
Cosponsors
Mike Braun
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