Home > 106th Congressional Bills > H.R. 5265 (ih) To amend the Internal Revenue Code of 1986 to exempt State and local political committees from the notification and reporting requirements made applicable to political organizations by Public Law 106-230. [Introduced in House] ...
H.R. 5265 (ih) To amend the Internal Revenue Code of 1986 to exempt State and local political committees from the notification and reporting requirements made applicable to political organizations by Public Law 106-230. [Introduced in House] ...
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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