A bill to lower the burden of gasoline prices on the economy of the United States and circumvent the efforts of OPEC to reap windfall oil profits.

Summary

Expresses the sense of Congress that the President should: (1) directly confront and challenge the Organization of Petroleum Exporting Countries (OPEC) to increase oil production immediately; and (2) direct the Federal Trade Commission and Attorney General to exercise vigorous oversight over the oil markets to protect the people of the United States from price gouging and unfair practices at the gasoline pump. Declares that from the date of enactment of this Act until 30 days afterward: (1) deliveries of oil to the Strategic Petroleum Reserve (SPR) shall be suspended; and (2) one million barrels of oil per day shall be released from the SPR. Provides for the release of one million barrels of oil per day from the SPR for an additional 30 days if it is necessary to: (1) lower the burden of gasoline prices on the domestic economy; and (2) circumvent OPEC efforts to reap windfall crude oil profits.

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

Timeline

1. 19 April 2005

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 19 April 2005

   Introduced

   Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

   Source: Calendars

3. 20 April 2005

   Calendars

   Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 81.

   Source: Calendars

Votes

No vote records are attached yet.

Versions

• Placed on Calendar Senate · 20 April 2005 · Official file

Documents

3 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 20 April 2005

  ViewDownloadOpen at official source

• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 20 April 2005

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 19 April 2005

  Open at official source

Sponsors

• Sen. Stabenow, Debbie [D-MI] · D · Sponsor
• Charles Schumer · D · Sponsor
• Rep. Boxer, Barbara [D-CA-6] · D · Cosponsor

Related records

No cross-record relationships stored yet.