A bill to require petroleum produced from the Naval Petroleum Reserves to be sold in exchange for crude oil to be deposited in the Strategic Petroleum Reserve.

referredUnited States· United States Congress· EN

Introduced

23 April 1980

Last action

—

Status

Referred to Senate Committee on Armed Services.

Summary

Directs the Secretary of the Navy to sell petroleum produced from the Naval Petroleum Reserves Numbered 1 and 3 only to persons who agree to deposit, or to cause to be deposited, 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 Senate
summary · EN · 23 April 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/senate-bill/2598
Open data entity: https://api.congress.gov/v3/bill/96/s/2598