Energy Security and Price Stability Act of 1991

Summary

Energy Security and Price Stability Act of 1991 - Amends the Harmonized Tariff Schedule of the United States to direct the Secretary of Energy to: (1) determine monthly whether a crude petroleum floor price adjustment factor based upon the average West Texas price of a barrel of crude petroleum is attributable to such monthly period; and (2) calculate and certify to the Secretary of the Treasury the applicable floor price adjustment surcharges. Establishes the Energy Security Investment Fund for: (1) acquisition of crude petroleum and petroleum products (including home heating oil) in the Strategic Petroleum Reserve; (2) low-income weatherization; and (3) the promotion of energy efficiency, energy efficiency commercialization, and domestic oil and gas recovery. Authorizes the President to waive import duties from Western Hemisphere countries under specified circumstances. Directs the President to report to the Congress on ways in which the United States and the Western Hemisphere petroleum producing countries can cooperate regarding energy production and conservation.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 18 June 1991

  Open at official source

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