H.R.777 - Strategic Petroleum Reserve Enhancement Act of 1991102nd Congress (1991-1992)
|Sponsor:||Rep. Sharp, Philip R. [D-IN-2] (Introduced 02/04/1991)|
|Committees:||House - Energy and Commerce|
|Latest Action:||House - 10/08/1992 For Further Action See H.R.776. (All Actions)|
This bill has the status Introduced
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Summary: H.R.777 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in House (02/04/1991)
Strategic Petroleum Reserve Enhancement Act of 1991 - Amends the Energy Policy and Conservation Act to direct the Secretary of Energy (the Secretary) to establish and implement during FY 1992 a minimum (Strategic Petroleum) Reserve fill rate of 200,000 barrels per day until the quantity of crude oil in storage in the Reserve is at least 1,500,000,000. Prescribes implementation guidelines.
Requires the Secretary to assess and collect charges from each person who stores petroleum in the Reserve pursuant to such program.