legislation: 101-hr-5723

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
101-hr-5723 101 hr 5723 Emergency Oil Market Stability Act of 1990 Energy 1990-09-26 1990-10-30 Referred to the Subcommittee on Energy and Power. House Rep. Mineta, Norman Y. [D-CA-13] CA D M000794 6 Emergency Oil Market Stability Act of 1990 - Amends the Energy Policy and Conservation Act to direct the President to promulgate and transmit to the Congress a standby regulation providing for mandatory allocation of petroleum products and, if deemed necessary, price limits on any petroleum product. Specifies emergency circumstances in which the President may implement such regulation. Mandates that the regulation include an optional standby program for crude oil sharing among refiners. Declares the President shall have no authority to: (1) impose any tax, tariff, or user fee; (2) prescribe minimum petroleum prices; (3) establish a program for the assignment of rights for end-user purchases of gasoline or diesel fuel; or (4) restrict or allocate consumer petroleum inventories. Preempts State and local law about petroleum product pricing or allocation, except where exempted by the President. Permits a Governor to implement a State set aside program for residual fuel oil or any refined petroleum and, if the President approves it, also win exemption. Establishes a civil penalty for violation of the standby regulation. Directs the President to collect information on a State-by-State basis regarding petroleum products pricing, supply, and distribution. Terminates all authority under this Act on a specified date. 2025-08-26T17:26:28Z  

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