Summary: H.R.3641 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for H.R.3641. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/10/2000)

Home Heating Fuel Price Spike Act of 2000 - Instructs the Secretary of Energy to: (1) conduct a study to identify reasons for the home heating fuel shortage and its corresponding price surge in the northeast region, (2) propose alternatives to alleviate future shortages; and (3) establish a heating oil reserve in various northeast regions. Permits those reserves to be filled by trading petroleum products from the Strategic Petroleum Reserve for heating oil.

Authorizes the President to immediately drawdown heating oil from such reserves to address severe home heating price fluctuations, or at any other time to serve the national interest.