legislation: 106-hr-3533

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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
106-hr-3533 106 hr 3533 Oil Price Safeguard Act Energy 2000-01-27 2000-02-07 Referred to the Subcommittee on Energy and Power. House Rep. Ackerman, Gary L. [D-NY-5] NY D A000022 4 Oil Price Safeguard Act - Amends the Energy Policy and Conservation Act to deem a severe energy supply to exist if the President determines that: (1) a significant reduction in petroleum supply of significant scope and duration has caused a significance increase in the price of petroleum products which is likely to cause a significant adverse impact upon the national economy; and (2) a substantial cause of such reduction is the anticompetitive conduct of foreign countries or international entities.Mandates that proceeds from petroleum sales drawn down pursuant to the President's determination be deposited in the Strategic Petroleum Reserve (SPR) Account and used exclusively for specified Account purposes.Requires the President to report certain information and analyses to specified congressional committees if crude oil prices exceed $25 per barrel for more than 14 days. 2025-08-20T14:19:19Z  

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