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Bill > HR92


US HR92

US HR92
Strategic Production Response and Implementation Act


summary

Introduced
01/03/2025
In Committee
01/03/2025
Crossed Over
Passed
Dead

Introduced Session

119th Congress

Bill Summary

A BILL To provide for the development of a plan to increase oil and gas production under oil and gas leases of Federal lands under the jurisdiction of the Secretary of Agriculture, the Secretary of Energy, the Secretary of the Interior, and the Secretary of Defense in conjunction with a drawdown of petroleum reserves from the Strategic Petroleum Reserve.

AI Summary

This bill, known as the Strategic Production Response and Implementation Act, requires the Secretary of Energy to develop a comprehensive plan before conducting a drawdown of petroleum from the Strategic Petroleum Reserve (SPR). Specifically, the bill mandates that for any drawdown of petroleum products, the Secretary must simultaneously increase the percentage of Federal lands under the jurisdiction of the Secretaries of Agriculture, Energy, Interior, and Defense that are leased for oil and gas production. The increase in leased lands is capped at 10 percent and must directly correspond to the percentage of petroleum being drawn down from the SPR. The Secretary is required to collaborate with the other mentioned Cabinet secretaries in developing this plan. This approach aims to ensure that any reduction in petroleum reserves is balanced by an equivalent expansion of domestic oil and gas production on federal lands, potentially helping to maintain energy security and domestic production levels during strategic petroleum reserve drawdowns.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Energy and Commerce. (on 01/03/2025)

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