Oil Price Safeguard Act

Summary

Oil Price Safeguard Act - Amends the Energy Policy and Conservation Act to deem a severe energy supply to exist if the President determines that: (1) a significant reduction in petroleum supply of significant scope and duration has caused a significance increase in the price of petroleum products which is likely to cause a significant adverse impact upon the national economy; and (2) a substantial cause of such reduction is the anticompetitive conduct of foreign countries or international entities. Mandates that proceeds from petroleum sales drawn down pursuant to the President's determination be deposited in the Strategic Petroleum Reserve (SPR) Account and used exclusively for specified Account purposes. Requires the President to report certain information and analyses to specified congressional committees if crude oil prices exceed $25 per barrel for more than 14 days.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 27 January 2000

   Introduced

   Referred to the House Committee on Commerce.

   Source: IntroReferral

2. 27 January 2000

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 January 2000

   Introduced

   Introduced in House

   Source: IntroReferral

4. 7 February 2000

   Referred

   Referred to the Subcommittee on Energy and Power.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 January 2000 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 January 2000

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 January 2000

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 27 January 2000

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Ackerman, Gary L. [D-NY-5] · D · Sponsor
• Rep. Lowey, Nita M. [D-NY-17] · D · Sponsor
• Rep. Crowley, Joseph [D-NY-14] · D · Sponsor
• Rep. Forbes, Michael P. [D-NY-1] · D · Sponsor
• Rep. Lazio, Rick [R-NY-2] · R · Sponsor
• · hsif00 · Standing

Related records

• related to ← Oil Price Safeguard Act