legislation: 99-s-2726

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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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-s-2726 99 s 2726 A bill to provide for a minimum price and an alternative production rate for petroleum produced from the naval petroleum reserves, and for other purposes. Energy 1986-08-07 1986-08-07 Read twice and referred to the Committee on Armed Services. Senate Sen. Bradley, Bill [D-NJ] NJ D B001225 0 Amends Federal law regarding the administration of the Naval Petroleum Reserves to direct the Secretary of the Navy to establish a petroleum production rate from Naval Petroleum Reserves Numbered 1, 2, and 3 that is less than the maximum efficient rate if the Secretary determines that a specified minimum rate cannot be attained for the Federal share of such petroleum. Establishes a minimum price for such petroleum that is the higher of either: (1) 90 percent of the current sales price of comparable petroleum in the same area; or (2) the price of Strategic Petroleum Reserve petroleum minus the cost of transporting such petroleum from the Naval Petroleum Reserve to the Strategic Petroleum Reserve, with adjustments for differences in petroleum quality. Reduces from 30 to 15 days the period for Department of Justice review of Naval Petroleum Reserve contracts for antitrust violations. 2025-01-14T17:07:58Z  

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