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Bill > HR9008


US HR9008

US HR9008
Home Heating Oil Price Reduction Act


summary

Introduced
09/28/2022
In Committee
09/29/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To increase the size of the Northeast Home Heating Oil Reserve, and for other purposes.

AI Summary

This bill aims to increase the size of the Northeast Home Heating Oil Reserve from 2 million barrels to 4 million barrels. It also amends the conditions for releasing the reserve, prohibiting the sale or export of the petroleum distillate to certain covered entities, such as China, North Korea, Russia, and Iran, unless the Secretary of Energy certifies that it is in the national security interests of the United States. Additionally, the bill eliminates a limitation that previously capped the reserve at 1 million barrels, allowing it to be expanded up to the new 4 million barrel capacity.

Committee Categories

Agriculture and Natural Resources, Business and Industry

Sponsors (6)

Last Action

Referred to the Subcommittee on Energy. (on 09/29/2022)

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