House Bill 7019
116th Congress(2019-2020)
Strategic Petroleum Reserve Reform Act
Introduced
Introduced in House on May 26, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7019
Congress
116
Policy Area
Energy
Energy
Primary focus of measure is all sources and supplies of energy, including alternative energy sources, oil and gas, coal, nuclear power; efficiency and conservation; costs, prices, and revenues; electric power transmission; public utility matters.
No House votes have been held for this bill.
Summary
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.
May 26, 2020
05/26/2020
Referred to the House Committee on Energy and Commerce.
05/26/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:42:49 PM