To provide the Secretary of Energy with authority to create a Fuel Oil Product Reserve to be available for use when fuel oil prices in the United States rise sharply because of anticompetitive activity, during a fuel oil shortage, or during periods of extreme winter weather.
Authorizes the President to immediately draw down the Fuel Oil Product Reserve only when domestic fuel oil prices rise sharply because of anticompetitive activity, during a fuel oil shortage, or during periods of extreme winter weather.
Authorizes appropriations.
Introduced in House
Introduced in House
Referred to the House Committee on Commerce.
Referred to the Subcommittee on Energy and Power.
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