H.R.3641 - Home Heating Fuel Price Spike Act of 2000106th Congress (1999-2000)
|Sponsor:||Rep. Sweeney, John E. [R-NY-22] (Introduced 02/10/2000)|
|Committees:||House - Commerce|
|Latest Action:||02/17/2000 Referred to the Subcommittee on Energy and Power. (All Actions)|
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Summary: H.R.3641 — 106th Congress (1999-2000)All Bill Information (Except Text)
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.
Introduced in House (02/10/2000)
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.