[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5264 Introduced in House (IH)]






108th CONGRESS
  2d Session
                                H. R. 5264

  To authorize the use of Strategic Petroleum Reserve capacity above 
   700,000,000 barrels to address sustained petroleum product price 
                               increases.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 7, 2004

 Mr. Langevin introduced the following bill; which was referred to the 
                    Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
  To authorize the use of Strategic Petroleum Reserve capacity above 
   700,000,000 barrels to address sustained petroleum product price 
                               increases.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AMENDMENTS.

    Section 161 of the Energy Policy and Conservation Act (42 U.S.C. 
6241) is amended by adding at the end the following new subsection:
    ``(k) Sustained Price Increases.--Notwithstanding subsections (d) 
and (h) (except for paragraph (2)(A) and (B) of subsection (h)), the 
Secretary may draw down and sell petroleum products from the Strategic 
Petroleum Reserve to address sustained petroleum product price 
increases in the United States that could have an adverse impact on the 
Nation's economy, whether there has been a supply interruption or 
shortage or not. The Secretary may not reduce the capacity of the 
Strategic Petroleum Reserve under this subsection to less than 
700,000,000 barrels of petroleum product.''.

SEC. 2. SAVINGS PROVISION.

    Nothing in the amendment made by section 1 shall be construed to 
limit or alter the authority of the Secretary to draw down petroleum 
products under section 161(a) through (j) of the Energy Policy and 
Conservation Act.
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