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United States · Bill · HR

H.R. 2285 (98th)

Strategic Petroleum Reserve Funding Act of 1983

referredUnited States· United States Congress· EN

Introduced

23 March 1983

Last action

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Status

Referred to Subcommittee on Mining, Forest Management and Bonneville Power Administration.

Sponsors

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Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Strategic Petroleum Reserve Funding Act of 1983 - Amends the Outer Continental Shelf Lands Act to provide that specified revenues from leases on the Outer Continental Shelf shall be deposited in the Treasury as follows: (1) 80 percent shall be deposited in the Strategic Petroleum Reserve Account; and (2) the other 20 percent of such revenues shall be deposited in the miscellaneous receipts account. Permits the President, with the prior approval of Congress, to suspend or reduce such deposits if it would be in the national interest. Amends the Energy Policy and Conservation Act and the Land and Water Conservation Fund Act of 1965 to make conforming changes. Makes this Act effective for fiscal year 1984.

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1 official file

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