Directs the Secretary of Energy to complete the sale of U.S. naval petroleum reserves within one year after the enactment of this Act. Requires such sale to be for at least fair market value, using competitive procedures. Requires petroleum purchasers to be held harmless for any claim of liability arising exclusively from or during U.S. ownership. Waives certain congressional consultation and presidential approval requirements with respect to such sale.
Introduced in House
Introduced in House
Referred to the Committee on National Security, and in addition to the Committee on Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on National Security, and in addition to the Committee on Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on National Security, and in addition to the Committee on Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Energy and Power, for a period to be subsequently determined by the Chairman.
Referred to the Subcommittee on Military Readiness.
Executive Comment Requested from DOD, DOE.
Unfavorable Executive Comment Received from DOE.
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