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United States · Bill · HR

H.R. 7019 (116th)

Strategic Petroleum Reserve Reform Act

referredUnited States· United States Congress· EN

Introduced

26 May 2020

Last action

Status

Referred to the House Committee on Energy and Commerce.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Strategic Petroleum Reserve Reform Act This bill revises requirements for the Strategic Petroleum Reserve to address underutilized storage facilities. Specifically, the bill authorizes the Department of Energy (DOE) to lease such storage facilities to private entities. Currently, DOE may only lease these storage facilities to foreign governments. DOE must ensure that leasing of facilities to foreign governments will not impair national security. In addition, DOE must conduct a pilot program to lease storage capacity for up to 200 million barrels of petroleum products.

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Documents

3 official files

Introduced in House (text)

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