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H.R. 7019 · 116th Congress

Strategic Petroleum Reserve Reform Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

16 cosponsors · 3 D, 13 R

This bill revises requirements for the Strategic Petroleum Reserve to address underutilized storage facilities.

What it does: CRS summary · Introduced in House · May 26, 2020

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Strategic Petroleum Reserve Reform Act

Latest action (May 26, 2020): Referred to the House Committee on Energy and Commerce.

Policy area: Energy · Origin: House · Introduced: May 26, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.