H.R.7019 - Strategic Petroleum Reserve Reform Act116th Congress (2019-2020) |
|Sponsor:||Rep. Scalise, Steve [R-LA-1] (Introduced 05/26/2020)|
|Committees:||House - Energy and Commerce|
|Latest Action:||House - 05/26/2020 Referred to the House Committee on Energy and Commerce. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.7019 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (05/26/2020)
Strategic Petroleum Reserve Reform Act
This bill revises requirements for the Strategic Petroleum Reserve to address underutilized storage facilities.
Specifically, the bill authorizes the Department of Energy (DOE) to lease such storage facilities to private entities. Currently, DOE may only lease these storage facilities to foreign governments. DOE must ensure that leasing of facilities to foreign governments will not impair national security.
In addition, DOE must conduct a pilot program to lease storage capacity for up to 200 million barrels of petroleum products.