SB3655: Strategically Lowering Gas Prices Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to prohibit a drawdown and sale of petroleum products from the Strategic Petroleum Reserve if the President has withdrawn certain land from oil and gas leasing, and for other purposes.
Plain-language summary
This bill would prevent the President from selling oil from the Strategic Petroleum Reserve—a government stockpile kept for emergencies—if the President has blocked land from being leased for oil and gas drilling. The Strategic Petroleum Reserve holds crude oil that the government can release during supply emergencies. The bill would tie these two decisions together: if the President protects certain federal lands from oil drilling, the President cannot also sell reserve oil. This is currently an introduced bill, meaning it has been submitted to Congress but not yet debated or voted on in .
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SB3655: Strategically Lowering Gas Prices Act
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Sponsors
Ted Budd
Primary SponsorCo-sponsors (4)
Dan Sullivan
Pete Ricketts
Eric Schmitt
Mike Braun