Buy Low and Sell High Act

Summary

Buy Low and Sell High Act This bill revises requirements concerning the Strategic Petroleum Reserve (SPR) and sets forth provisions to reduce the demand for petroleum fuel and increase fuel supply. For example, the bill directs the Department of Energy (DOE) to establish within the SPR an Economic Petroleum Reserve of up to 350 million barrels of crude oil. DOE must also establish a national network of Strategic Refined Petroleum Product Reserves to store up to 250 million barrels of gasoline and diesel fuel, which may be sold when there is a severe fuel supply interruption within the district in which the reserve is located. In addition, the bill increases the cap on the amount of barrels of petroleum distillate that may be stored in the Northeast Home Heating Oil Reserve from two million to four million. It also establishes limits on the sale and exportation of petroleum products from such reserves. Further, the bill establishes provisions concerning electrifying the transportation sector, zero-emission vehicles, and a program to increase the amount of crude oil refined in oil refineries in certain countries in the Western Hemisphere.

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

Timeline

1. 20 January 2023

   Introduced

   Referred to the Committee on Energy and Commerce, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 20 January 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 January 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 January 2023

   Referred

   Referred to the Subcommittee on Energy, Climate and Grid Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 January 2023 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 January 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 January 2023

  ViewDownloadOpen 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.

• Introduced in House

  summary · EN · 20 January 2023

  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. Pallone, Frank [D-NJ-6] · D · Sponsor
• Rep. Kuster, Ann M. [D-NH-2] · D · Sponsor
• Rep. Trone, David J. [D-MD-6] · D · Sponsor
• Rep. Spanberger, Abigail Davis [D-VA-7] · D · Sponsor
• Rep. Craig, Angie [D-MN-2] · D · Sponsor
• Rep. Crow, Jason [D-CO-6] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Cosponsor
• · hsif00 · Standing
• · hsgo00 · Standing

Related records

• related to → Banning Oil Exports to Foreign Adversaries Act
• related to ← Banning Oil Exports to Foreign Adversaries Act
• related to ← Buy Low and Sell High Act