H.R. 1807 · 112th Congress
Enhanced SPR Act
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MarkeySponsorNo cosponsors.
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 include refined petroleum products within its required capacity of 1 billion barrels of petroleum products.
What it does: CRS summary · Introduced in House · May 10, 2011
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 include refined petroleum products within its required capacity of 1 billion barrels of petroleum products.
Authorizes the Secretary of Energy (DOE) to sell at least 30 million barrels of petroleum from the SPR and acquire refined petroleum product. Prescribes a schedule for such transactions.
Directs the Secretary to deposit the cash proceeds from such sales into the SPR Petroleum Account.
Authorizes the President to instruct the Secretary to drawdown and sell or exchange petroleum product from the SPR if a circumstance exists of such significance and scope that action would be warranted to address market manipulation or otherwise be in the public interest.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Enhanced SPR Act
Also known as: Enhanced Supply and Price Reduction Act of 2011
Latest action (May 13, 2011): Referred to the Subcommittee on Energy and Power.
Policy area: Energy · Origin: House · Introduced: May 10, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.