A bill to amend title 10, United States Code, to require that the United States share of petroleum produced from certain naval petroleum reserves be sold only in exchange for crude oil to be deposited in the Strategic Petroleum Reserve.

referredUnited States· United States Congress· EN

Introduced

13 May 1980

Last action

—

Status

Referred to House Committee on Armed Services.

Summary

Directs the Secretary of the Navy to sell the United States share of petroleum produced from the Naval Petroleum Reserves Numbered 1 and 3 only to persons who agree to deposit in the Strategic Petroleum Reserve within 30 days an equivalent amount of crude oil in return for payment by the Secretary of the appropriate current market price for such crude oil at the point of transfer of title, taking specified factors into consideration.

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Documents

1 official file

Introduced in House
summary · EN · 13 May 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/7333
Open data entity: https://api.congress.gov/v3/bill/96/hr/7333