A bill to amend the Energy Policy and Conservation Act for the purpose of improving national energy policy.

Summary

Amends the Energy Policy and Conservation Act to authorize the President to establish a petroleum production rate from specified Naval Petroleum Reserves that is less than the maximum efficient rate and that takes into account energy security, petroleum price fluctuations, and long-term Federal revenue implications. Directs the President to establish a minimum sales price for such petroleum reserves based on a formula designed to prevent petroleum sales for prices: (1) significantly below prevailing market prices; or (2) below the petroleum acquisition cost for the Strategic Petroleum Reserve.

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Documents

4 official files

• Public Law (PDF)

  Public Law · EN · 30 August 1986

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• Passed House amended

  summary · EN · 13 August 1986

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• Reported to House amended, Part I

  summary · EN · 8 August 1986

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• Introduced in House

  summary · EN · 15 May 1986

  Open at official source

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