Text: H.R.6022 — 110th Congress (2007-2008)All Information (Except Text)

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Public Law No: 110-232 (05/19/2008)

 
[110th Congress Public Law 232]
[From the U.S. Government Printing Office]


[DOCID: f:publ232.110]

[[Page 122 STAT. 879]]

Public Law 110-232
110th Congress

                                 An Act


 
  To suspend the acquisition of petroleum for the Strategic Petroleum 
 Reserve, and for other purposes. <<NOTE: May 19, 2008 -  [H.R. 6022]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress <<NOTE: Strategic Petroleum Reserve 
Fill Suspension and Consumer Protection Act of 2008.>> assembled,
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Strategic Petroleum Reserve Fill 
Suspension and Consumer Protection Act of 2008''.
SEC. 2. SUSPENSION OF PETROLEUM ACQUISITION FOR STRATEGIC 
                    PETROLEUM RESERVE.

    (a) In General.--Except <<NOTE: Time period.>>  as provided in 
subsection (b) and notwithstanding any other provision of law, during 
the period beginning on the date of enactment of this Act and ending on 
December 31, 2008--
            (1) the Secretary of the Interior shall suspend acquisition 
        of petroleum for the Strategic Petroleum Reserve through the 
        royalty-in-kind program; and
            (2) the Secretary of Energy shall suspend acquisition of 
        petroleum for the Strategic Petroleum Reserve through any 
        acquisition method.

    (b) Resumption in Calendar Year 2008.--
During <<NOTE: Deadline. President. Notification.>>  the period 
specified in subsection (a) but not earlier than 30 days after the date 
on which the President notifies Congress that the President has 
determined that the weighted average price of petroleum in the United 
States for the most recent 90-day period is $75 or less per barrel--
            (1) the Secretary of the Interior may resume acquisition of 
        petroleum for the Strategic Petroleum Reserve through the 
        royalty-in-kind program; and
            (2) the Secretary of Energy may resume acquisition of 
        petroleum for the Strategic Petroleum Reserve through any 
        acquisition method.

    (c) Existing Contracts.--
            (1) Department of the interior contracts.--In the case of 
        any royalty-in-kind oil scheduled to be delivered to the 
        Department of Energy for the Strategic Petroleum Reserve 
        pursuant to a contract entered into by the Secretary of Interior 
        prior to, and in effect on, the date of enactment of this Act, 
        the Secretary of Energy shall accept delivery of such oil.
            (2) Department of energy contracts.--In the case of any oil 
        scheduled to be delivered to the Strategic Petroleum Reserve 
        pursuant to a contract entered into by the Secretary of Energy 
        prior to, and in effect on, the date of enactment

[[Page 122 STAT. 880]]

        of this Act, the Secretary shall, to the maximum extent 
        practicable, negotiate a deferral of the delivery of the oil in 
        accordance with procedures of the Department of Energy in effect 
        on the date of enactment of this Act for deferrals of oil.

    Approved May 19, 2008.

LEGISLATIVE HISTORY--H.R. 6022:
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CONGRESSIONAL RECORD, Vol. 154 (2008):
            May 13, considered and passed House.
            May 14, considered and passed Senate.

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