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.
Introduced in House
Introduced in House
Referred to House Committee on Armed Services.
Referred to House Committee on Foreign Affairs.
Referred to House Committee on Energy and Commerce.
Referred to Subcommittee on Fossil and Synthetic Fuels.
Executive Comment Requested from DOD, DOE.
Referred to Subcommittee on Investigations.
Referred to Subcommittee on Western Hemisphere Affairs.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line