Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency of the Department of the Treasury relating to the review of applications under the Bank Merger Act.
- Last Action
- 4/10/2025
Actions
- 2025-01-03Referred to the House Committee on Energy and Commerce.
- 2025-01-03Introduced in House
- 2025-01-03Introduced in House
CRS Summary
As of 2025-01-03 (00)
Strategic Production Response and Implementation Act
This bill modifies the Energy Policy and Conservation Act to prohibit the Department of Energy (DOE) from drawing down petroleum products in the Strategic Petroleum Reserve until DOE develops and implements a plan to increase the percentage of federal lands leased for oil and gas production. The increase must be equal to the percentage of petroleum in the Strategic Petroleum Reserve that is to be drawn down. However, the bill does not apply to a drawdown of petroleum products in the case of a severe energy supply interruption, which is permitted under current law.
The plan must not provide for a total increase in the percentage of federal lands leased for oil and gas production in excess of 10%.
Subjects
- Energy storage, supplies, demand
- Land use and conservation
- Marine and coastal resources, fisheries
- Oil and gas
- Strategic materials and reserves
Sourced from Congress.gov (public domain).
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