Summary: H.Con.Res.202 — 99th Congress (1985-1986)All Information (Except Text)

There is one summary for H.Con.Res.202. Bill summaries are authored by CRS.

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Introduced in House (10/01/1985)

Expresses the sense of the Congress that the President should: (1) purchase petroleum from Mexico for the Strategic Petroleum Reserve (SPR) by using the total amount in the SPR Petroleum Account that is available for petroleum products acquisition; and (2) submit a plan to the Congress for a $1,500,000,000 loan to Mexico to be repaid, with interest, with petroleum for the SPR. Urges such a plan to offset in the Federal budget the amount of the loan outlay by reducing certain Department of Defense expenditures.