H.R. 92
Strategic Production Response and Implementation Act
In Plain Language
This bill prevents the Department of Energy from releasing oil from the Strategic Petroleum Reserve unless it first creates a plan to increase oil and gas leasing on federal lands by a matching percentage—up to a maximum of 10% more leased land. The restriction doesn't apply during severe energy emergencies, when releases are allowed under current law.
Official Congressional Research Service summary
Strategic Production Response and Implementation ActThis bill modifies the Energy Policy and Conservation Act to prohibit the Department of Energy (DOE) from drawing down petroleum products in the Strategic Petroleum Reserve until DOE develops and implements a plan to increase the percentage of federal lands leased for oil and gas production. The increase must be equal to the percentage of petroleum in the Strategic Petroleum Reserve that is to be drawn down. However, the bill does not apply to a drawdown of petroleum products in the case of a severe energy supply interruption, which is permitted under current law. The plan must not provide for a total increase in the percentage of federal lands leased for oil and gas production in excess of 10%.
Sponsor
Cosponsors
None listed
Latest action
Referred to the House Committee on Energy and Commerce.
Jan 3, 2025
Official source
Action history
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