3.0.0 5405 2023-01-14T22:48:32Z 2023-01-14T22:48:32Z House H HR 2004-11-19 108 hsif00 Energy and Commerce Committee House Standing hsif03 Energy, Climate and Grid Security Subcommittee Referred to 2004-12-01T19:57:42Z Referred to 2004-11-19T14:02:20Z 2004-12-01 hsif03 Energy, Climate and Grid Security Subcommittee 1 House committee actions Referred to the Subcommittee on Energy and Air Quality. Committee 2004-11-19 Referred to the House Committee on Energy and Commerce. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2004-11-19 Sponsor introductory remarks on measure. (CR 11/20/2004 E2110-2111) IntroReferral B00100 9 Library of Congress 2004-11-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2004-11-19 Introduced in House IntroReferral 1000 9 Library of Congress L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 N Energy Armed Forces and National Security Cartels Commerce Congress Congressional reporting requirements Energy prices Energy shortages Energy supplies Petroleum reserves Public Lands and Natural Resources Restrictive trade practices Strategic materials Energy 00 2004-11-19 Introduced in House 2005-01-03T20:32:09Z Oil Price Safeguard Act - Amends the Energy Policy and Conservation Act to declare that a severe energy supply interruption, warranting a drawdown from the Strategic Petroleum Reserve (SPR), shall be deemed to exist if the President determines that: (1) there is a significant reduction in the supply of petroleum of significant scope and duration that has caused a significant increase in the price of petroleum products; (2) the price increase is likely to cause a significant adverse impact on the national economy; and (3) a substantial cause of the reduction in supply is the anticompetitive conduct of foreign countries or international entities.

Requires the President to report to certain congressional committees if the price of a barrel of crude oil exceeds $35 for a period greater than 14 days.

]]> Oil Price Safeguard Act Display Title Oil Price Safeguard Act Official Title as Introduced To provide the Secretary of Energy with authority to draw down the Strategic Petroleum Reserve when oil and gas prices in the United States rise sharply because of anticompetitive activity, and to require the President, through the Secretary of Energy, to consult with Congress regarding the sale of oil from the Strategic Petroleum Reserve. Introduced in House IH Short Titles as Introduced Oil Price Safeguard Act Introduced in House 2004-11-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-108hr5405ih/xml/BILLS-108hr5405ih.xml 2004-12-01 Referred to the Subcommittee on Energy and Air Quality. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.