Bill > HR3788

This bill, the Northeast Gasoline Supply Reserve Act, amends the Energy Policy and Conservation Act to establish a Northeast Gasoline Supply Reserve as a component of the Strategic Petroleum Reserve. The Reserve can hold up to 1 million barrels of refined petroleum products, such as gasoline, and the Secretary of Energy can sell or exchange these products if the President determines there is a severe energy supply interruption that has or is likely to result in a dislocation in the refined petroleum product market or a regional supply shortage. The bill outlines procedures for the acquisition, storage, and release of the refined petroleum products, with the goal of minimizing costs, protecting national security, and avoiding adverse impacts on supply and prices.

Agriculture and Natural Resources, Business and Industry

https://www.congress.gov/bill/115th-congress/house-bill/3788/all-info