S 3655 United States Senate · 118th Congress

Strategically Lowering Gas Prices Act

This bill amends the Energy Policy and Conservation Act to add restrictions on drawing down petroleum from the Strategic Petroleum Reserve. It prevents the Secretary of the Interior from selling reserve oil if land has been withdrawn from oil/gas leasing by the President, Interior Secretary, or Agriculture Secretary, requiring the Interior Inspector General to make a determination within 30 days and publish it in the Federal Register. The restriction does not apply during severe energy emergencies caused by sabotage, war, terrorism, or natural disasters. The bill does not directly lower gas prices but limits when the government can sell oil from the reserve under specific land withdrawal circumstances.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
President
Introduced Jan 24, 2024 Last action Jan 24, 2024
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2
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Committee
1
Jan 24, 2024
Committee
Read twice and referred to the Committee on Energy and Natural Resources.
upper
Jan 24, 2024
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors

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