H.R. 3792 · 109th Congress
Gasoline Availability Stabilization Reserve Act
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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BrownSponsor
Gasoline Availability Stabilization Reserve Act - Directs the Secretary of Energy to: (1) establish a Gasoline Availability Stabilization Reserve (GAS Reserve) system with a total capacity of 20 million barrels of regular unleaded gasoline; (2) determine a site for one GAS Reserve each in the Northeast and Midwest regions of the United States, and one in…
What it does: CRS summary · Introduced in House · Sep 15, 2005
Gasoline Availability Stabilization Reserve Act - Directs the Secretary of Energy to: (1) establish a Gasoline Availability Stabilization Reserve (GAS Reserve) system with a total capacity of 20 million barrels of regular unleaded gasoline; (2) determine a site for one GAS Reserve each in the Northeast and Midwest regions of the United States, and one in California; and (3) transmit to Congress, the Secretary of Homeland Security, and the Governor of each state in which a reserve will be sited a transportation plan for the transportation of the contents of the GAS Reserve to consumers in the event of an emergency sale.
Requires the Secretary to sell gasoline from the GAS Reserve upon written notification by a state Governor that cites a physical disruption in the system supplying gasoline to the Governor's state likely to result in price volatility for retail gasoline markets in that state.
Prescribes guidelines under which the Secretary is authorized to conduct purchases and sales of gasoline at wholesale for maintenance of the GAS Reserve system.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Gasoline Availability Stabilization Reserve Act
Latest action (Sep 19, 2005): Referred to the Subcommittee on Energy and Air Quality.
Policy area: Energy · Origin: House · Introduced: Sep 15, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.