A bill to amend the Energy Policy and Conservation Act with respect to the Strategic Petroleum Reserve by requiring testing of drawdown and distribution of the Reserve.
Strategic Petroleum Reserve Reliability Improvement Act - Amends the Energy Policy and Conservation Act to direct the Secretary of Energy (the Secretary) to implement a test drawdown and distribution of approximately 1,100,000 barrels of petroleum product from the Strategic Petroleum Reserve (the Reserve) in order to evaluate the implementation of the Strategic Petroleum Distribution Plan (the Plan).
Requires that any modification of the Plan be transmitted to the Congress within 15 calendar days prior to the offering of any petroleum product for sale under this Act.
Prohibits the Secretary from selling any petroleum product to any Federal agency while implementing the test drawdown and distribution.
Prohibits the Secretary from selling any petroleum product under this Act at less than 90 percent of the sales price of the comparable petroleum product being sold in the same area at the time.
Requires the Secretary to acquire petroleum product for the Reserve in the same amount as the total amount of petroleum product sold pursuant to the test drawdown and distribution.
Requires the Secretary to transmit to the Congress a detailed explanation of any test implemented under this Act.
Became Public Law No: 99-58.
Introduced in House
Introduced in House
Referred to House Committee on Energy and Commerce.
Referred to Subcommittee on Fossil and Synthetic Fuels.
Subcommittee Hearings Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended).
For Further Action See H.R.1699.
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