S. 847 · 109th Congress
A bill to lower the burden of gasoline prices on the economy of the United States and circumvent the efforts…
Full title
A bill to lower the burden of gasoline prices on the economy of the United States and circumvent the efforts of OPEC to reap windfall oil profits.
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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.
D
StabenowSponsor2 cosponsors · 2 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Expresses the sense of Congress that the President should: (1) directly confront and challenge the Organization of Petroleum Exporting Countries (OPEC) to increase oil production immediately; and (2) direct the Federal Trade Commission and Attorney General to exercise vigorous oversight over the oil markets to protect the people of the United States from…
What it does: CRS summary · Introduced in Senate · Apr 19, 2005
Expresses the sense of Congress that the President should: (1) directly confront and challenge the Organization of Petroleum Exporting Countries (OPEC) to increase oil production immediately; and (2) direct the Federal Trade Commission and Attorney General to exercise vigorous oversight over the oil markets to protect the people of the United States from price gouging and unfair practices at the gasoline pump.
Declares that from the date of enactment of this Act until 30 days afterward: (1) deliveries of oil to the Strategic Petroleum Reserve (SPR) shall be suspended; and (2) one million barrels of oil per day shall be released from the SPR.
Provides for the release of one million barrels of oil per day from the SPR for an additional 30 days if it is necessary to: (1) lower the burden of gasoline prices on the domestic economy; and (2) circumvent OPEC efforts to reap windfall crude oil profits.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to lower the burden of gasoline prices on the economy of the United States and circumvent the efforts of OPEC to reap windfall oil profits.
Latest action (Apr 20, 2005): Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 81.
Policy area: Energy · Origin: Senate · Introduced: Apr 19, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.