H.R.1017 - Enhanced SPR Act

To provide for the sale of light grade petroleum from the Strategic Petroleum Reserve and its replacement with refined petroleum product. view all titles (3)

All Bill Titles

  • Official: To provide for the sale of light grade petroleum from the Strategic Petroleum Reserve and its replacement with refined petroleum product. as introduced.
  • Short: Enhanced SPR Act as introduced.
  • Short: Enhanced Supply and Price Reduction Act of 2011 as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 3
  • All-Time: 982
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/10/11
 
 
 
 
 
 
 

Sponsor

Senator

Edward Markey

D-MA

View Co-Sponsors (8)

Official Summary

Enhanced Supply and Price Reduction Act of 2011 or Enhanced SPR Act - Amends the Energy Policy and Conservation Act to require the Strategic Petroleum Reserve (SPR) to contain at least 30 million barrels of refined petroleum products. Directs the Secretary of Energy (DOE) to: (1) sell at le

Official Summary

Enhanced Supply and Price Reduction Act of 2011 or Enhanced SPR Act - Amends the Energy Policy and Conservation Act to require the Strategic Petroleum Reserve (SPR) to contain at least 30 million barrels of refined petroleum products. Directs the Secretary of Energy (DOE) to:
(1) sell at least 30 million barrels of light grade petroleum from the SPR and acquire refined petroleum product;
(2) deposit the cash proceeds from such sales into the SPR Petroleum Account; and
(3) from such deposited proceeds withdraw the amount necessary to pay for the direct administrative and operational costs of the sale and acquisition, including for acquisition and maintenance of, and improvements to, storage facilities.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC