H.R.2908 - Enhanced Supply and Price Reduction Act of 2009

To provide for the sale of light grade petroleum from the Strategic Petroleum Reserve and its replacement with heavy grade petroleum. view all titles (2)

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All Bill Titles

  • Official: To provide for the sale of light grade petroleum from the Strategic Petroleum Reserve and its replacement with heavy grade petroleum. as introduced.
  • Short: Enhanced Supply and Price Reduction Act of 2009 as introduced.

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President
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06/16/09
 
 
 
 
 
 
 

Official Bill Text Comment on about 4 Pages

Official Summary

6/17/2009--Introduced.Enhanced Supply and Price Reduction Act of 2009 - Directs the Secretary of Energy to publish a plan to: (1) sell light grade petroleum from the Strategic Petroleum Reserve (SPR) and acquire an equivalent volume of heavy grade petroleum or refined petroleum product; (2
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Official Summary

6/17/2009--Introduced.Enhanced Supply and Price Reduction Act of 2009 - Directs the Secretary of Energy to publish a plan to:
(1) sell light grade petroleum from the Strategic Petroleum Reserve (SPR) and acquire an equivalent volume of heavy grade petroleum or refined petroleum product;
(2) deposit the cash proceeds from such sales into the SPR Petroleum Account established under the Energy Policy and Conservation Act; and
(3) withdraw, from the cash proceeds deposited, the amount necessary to pay for the direct administrative and operational costs of the sale and acquisition.

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06/15/09
Bill Action: Introduced: HR 2908: To provide for the sale of light ...

Rep. Edward Markey [D-MA7] introduced this bill. [This event matched these trackers: Active Legislation ]

Source: Active Legislation -- Tracked by GovTrack.us
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