legislation: 99-hr-4653

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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
99-hr-4653 99 hr 4653 Domestic Petroleum Supply Act of 1986 Energy 1986-04-22 1986-04-30 Referred to Subcommittee on Fossil and Synthetic Fuels. House Rep. Fields, Jack [R-TX-8] TX R F000111 4 Domestic Petroleum Supply Act of 1986 - Amends the Energy Policy and Conservation Act to direct the Secretary of Energy to purchase domestic crude oil for the Strategic Petroleum Reserve (within a three-year period beginning 30 days after enactment of this Act) from certain stripper well property at an average annual rate of 200,000 barrels a day. Requires the Secretary, during such period, to implement petroleum acquisition transportation and injection activities at a level sufficient to assure a minimum average fill rate of 200,000 barrels per day in addition to any petroleum products acquired to replace withdrawals from the Reserve resulting from test drawdowns and distribution. Requires such petroleum purchases to be: (1) on a competitive bid basis; and (2) at least 75 percent purchased from independent producers. 2025-08-29T16:29:18Z  

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