Legislation

Official Short: Oil Price Safeguard Act

Long Title: To provide the Secretary of Energy with authority to draw down the Strategic Petroleum Reserve when oil and gas prices in the United States rise sharply because of anticompetitive activity, and to require the President, through the Secretary of Energy, to consult with Congress regarding the sale of oil from the Strategic Petroleum Reserve.

Sponsors: Mr. Schumer, Ms. Collins, Mr. Dodd, Mr. Lieberman, Mr. Jeffords and Mr. Reed

THOMAS: http://thomas.loc.gov/cgi-bin/bdquery/z?d106:S.1951:

Short Titles

  • Strategic Petroleum Reserve, to provide the Secretary of Energy with authority to draw down the Strategic Petroleum Reserve when oil and gas prices in the United States rise sharply because of anticompetitive activity, and to require the President, through the Secretary of Energy, to consult with Congress regarding the sale of oil from the

Status

  • Feb 8 2000 12:00AM: Mr. Reed added as cosponsor.
  • Jan 31 2000 12:00AM: Mr. Dodd, Mr. Lieberman and Mr. Jeffords added as cosponsors.
  • Nov 17 1999 12:00AM: Introduced.