[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6022 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6022

  To suspend the acquisition of petroleum for the Strategic Petroleum 
                    Reserve, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 12, 2008

    Mr. Welch of Vermont (for himself, Mr. Lampson, and Mr. Markey) 
 introduced the following bill; which was referred to the Committee on 
   Energy and Commerce, and in addition to the Committee on Natural 
 Resources, for a period to be subsequently determined by the Speaker, 
 in each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
  To suspend the acquisition of petroleum for the Strategic Petroleum 
                    Reserve, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Strategic Petroleum Reserve Fill 
Suspension and Consumer Protection Act of 2008''.

SEC. 2. SUSPENSION OF PETROLEUM ACQUISITION FOR STRATEGIC PETROLEUM 
              RESERVE.

    (a) In General.--Except as provided in subsection (b) and 
notwithstanding any other provision of law, during the period beginning 
on the date of enactment of this Act and ending on December 31, 2008--
            (1) the Secretary of the Interior shall suspend acquisition 
        of petroleum for the Strategic Petroleum Reserve through the 
        royalty-in-kind program; and
            (2) the Secretary of Energy shall suspend acquisition of 
        petroleum for the Strategic Petroleum Reserve through any 
        acquisition method.
    (b) Resumption in Calendar Year 2008.--During the period specified 
in subsection (a) but not earlier than 30 days after the date on which 
the President notifies Congress that the President has determined that 
the weighted average price of petroleum in the United States for the 
most recent 90-day period is $75 or less per barrel--
            (1) the Secretary of the Interior may resume acquisition of 
        petroleum for the Strategic Petroleum Reserve through the 
        royalty-in-kind program; and
            (2) the Secretary of Energy may resume acquisition of 
        petroleum for the Strategic Petroleum Reserve through any 
        acquisition method.
    (c) Existing Contracts.--
            (1) Department of the interior contracts.--In the case of 
        any royalty-in-kind oil scheduled to be delivered to the 
        Department of Energy for the Strategic Petroleum Reserve 
        pursuant to a contract entered into by the Secretary of 
        Interior prior to, and in effect on, the date of enactment of 
        this Act, the Secretary of Energy shall accept delivery of such 
        oil.
            (2) Department of energy contracts.--In the case of any oil 
        scheduled to be delivered to the Strategic Petroleum Reserve 
        pursuant to a contract entered into by the Secretary of Energy 
        prior to, and in effect on, the date of enactment of this Act, 
        the Secretary shall, to the maximum extent practicable, 
        negotiate a deferral of the delivery of the oil in accordance 
        with procedures of the Department of Energy in effect on the 
        date of enactment of this Act for deferrals of oil.
                                 <all>