H.R.142 - National Strategic Gasoline Reserve for Purposes of National Security Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Kissell, Larry [D-NC-8] (Introduced 01/05/2011)|
|Committees:||House - Energy and Commerce|
|Latest Action:||02/01/2011 Referred to the Subcommittee on Energy and Power. (All Actions)|
This bill has the status Introduced
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Summary: H.R.142 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (01/05/2011)
National Strategic Gasoline Reserve for Purposes of National Security Act of 2011 - Directs the Secretary of Energy to establish a Strategic Gasoline Reserve system with a total capacity of 10 million barrels of regular unleaded gasoline.
Directs the Secretary to: (1) transmit to Congress, the Secretary of Homeland Security, and the governor of each state in which a Gasoline Reserve will be sited a plan for the transportation of its contents to wholesale or retail markets in the event of an emergency sale; (2) complete the process of filling the Gasoline Reserve to a minimum of 90% within two years after submitting a transportation plan to Congress; (3) review the gasoline supply annually to ensure the reserves in the Gasoline Reserve do not exceed their shelf life; and (4) have in place a plan for ensuring that the inventory is sold and replaced in a manner that ensures the integrity of the product at all times.
Directs the Secretary of Energy to sell gasoline from the Gasoline Reserve if the governor of an affected state submits a written request and the President issues an Executive order requiring immediate release from any or all Gasoline Reserves after determining that certain emergency conditions are satisfied.