H.R.3791 - Oil Reserve Pricing Reform Act109th Congress (2005-2006)
|Sponsor:||Rep. Brown, Sherrod [D-OH-13] (Introduced 09/15/2005)|
|Committees:||House - Energy and Commerce|
|Latest Action:||09/19/2005 Referred to the Subcommittee on Energy and Air Quality. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3791 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in House (09/15/2005)
Oil Reserve Pricing Reform Act - Authorizes the Secretary of Energy, in certain circumstances, to defer a petroleum acquisition for the Strategic Petroleum Reserve (SPR) that is in excess of 700,000,000 barrels.
Requires the Secretary, in determining whether to defer such acquisition, to: (1) use pre-2202 market-based practices when deciding to acquire petroleum for the Strategic Petroleum Reserve; (2) carry out and make public analyses of costs and savings; (3) report to Congress the impact such acquisition will have on the domestic and foreign supply of petroleum and the resulting price increases or decreases; and (4) consult with the Secretary of Homeland Security on the security consequences of such acquisition or deferral.