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 It prevents the Secretary of the Interior from selling reserve oil if land has been withdrawn from oil/gas leasing by the President, Interior Secretary, or Agriculture Secretary, requiring the Interior Inspector General to make a determination within 30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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
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
Sponsors
Role
Legislator
Party
State
District
P
Ted Budd
RRepublican
Co
Dan Sullivan
RRepublican
Co
Eric Schmitt
RRepublican
Co
Mike Braun
RRepublican
Co
Pete Ricketts
RRepublican
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