3.0.0 1732 2023-01-13T04:50:00Z 2023-01-13T04:50:00Z Senate S S 2005-09-20 109 sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2005-09-20T21:51:24Z 2005-09-20 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. IntroReferral 2005-09-20 Introduced in Senate IntroReferral 10000 9 Library of Congress N000180 Sen. Nelson, Ben [D-NE] E. Nelson D NE Benjamin N H001028 Sen. Hagel, Chuck [R-NE] CHUCK HAGEL R NE 2005-09-22 False Commerce Alcohol as fuel Congress Congressional reporting requirements Energy Energy prices Energy supplies Gasoline Governmental investigations Hurricane aftermath legislation Petroleum industry Petroleum refineries Petroleum reserves Restrictive trade practices Strategic materials Commerce 00 2005-09-20 Introduced in Senate 2005-09-30T21:18:35Z Directs the Federal Trade Commission (FTC) to: (1) initiate an inquiry into the retail prices (both before and after Hurricane Katrina) of natural gas and gasoline, including gasoline containing ethanol, within 14 days after enactment of this Act, to determine if they are being artificially manipulated by reduction of refinery capacity, by speculation in oil market, or by any other form of manipulation; (2) report the results to Congress within 14 days after initiation of the inquiry; and (3) hold a public hearing to present such results within 14 days after issuing the report.

Directs the FTC to: (1) take appropriate action in cooperation with the attorney general of any affected state if it determines that the increase in natural gas and gasoline prices, including gasoline containing ethanol, is a result of market manipulation; and (2) notify the Secretary of Energy if it determines that the increase in such prices is not the result of market manipulation.

Requires the Secretary, within 14 days after receiving the FTC notification, to decide if expanded use of the Strategic Petroleum Reserve should be implemented to assure adequate supplies of gasoline.

]]> A bill to require the Federal Trade Commission to conduct an inquiry into the retail prices of natural gas and gasoline. Display Title A bill to require the Federal Trade Commission to conduct an inquiry into the retail prices of natural gas and gasoline. Official Title as Introduced A bill to require the Federal Trade Commission to conduct an inquiry into the retail prices of natural gas and gasoline. Introduced in Senate IS Introduced in Senate 2005-09-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s1732is/xml/BILLS-109s1732is.xml 2005-09-20 Read twice and referred to the Committee on Commerce, Science, and Transportation. 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.