S.1794 - Strategic Gasoline and Fuel Reserve Act of 2005109th Congress (2005-2006)
|Sponsor:||Sen. Durbin, Richard [D-IL] (Introduced 09/29/2005)|
|Committees:||Senate - Energy and Natural Resources|
|Latest Action:||10/18/2005 Sponsor introductory remarks on measure. (CR S11463) (All Actions)|
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Summary: S.1794 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in Senate (09/29/2005)
Strategic Gasoline and Fuel Reserve Act of 2005 - Amends the Energy Policy and Conservation Act to direct the Secretary of Energy to establish, maintain, and operate a Strategic Gasoline and Fuel Reserve of gasoline and jet fuel.
Instructs the Secretary to determine between three and five regionally strategic Reserve sites throughout the United States.
Permits the Secretary to release gasoline or fuel from the Reserve only if: (1) the President finds that there is a severe fuel supply disruption; or (2) the Governor of a state requests a release from the Reserve, accompanied by specified findings.
Establishes in the Treasury a revolving Strategic Gasoline and Fuel Reserve Fund.