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United States · Bill · HR

H.R. 4404 (97th)

A bill to provide that petroleum company overcharges paid to the United States shall be available for completing the Strategic Petroleum Reserve.

referredUnited States· United States Congress· EN

Introduced

4 August 1981

Last action

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Status

Referred to Subcommittee on Fossil and Synthetic Fuels.

Sponsors

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Subjects

Discovery layer

Source updated

5 February 2024

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Summary

Amends the Department of Energy Organization Act and the Energy Policy and Conservation Act to require that petroleum company overcharges, paid to the United States, be used to complete the Strategic Petroleum Reserve. Provides for initial good-faith efforts to refund such amounts to original purchasers. Permits payment either by cash or by in-kind transfers of petroleum products. Requires the Secretary of Energy to study and report to the President and the Congress on the final Strategic Storage Level.

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Documents

1 official file

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