Federal Response to Energy Emergencies Act of 2005

Bill: 109-hr-3936
Sponsor: Rep. Stupak, Bart [D-MI-1]
Introduced: 2005-09-28 in the House
Policy area: Commerce
Subjects: Administrative procedure
Civil actions and liability
Coastal zone
Congress
Congressional reporting requirements
Consumer education
Crime and Law Enforcement
Disasters
Economic impact statements
Economic statistics
Economics and Public Finance
Electronic government information
Emergency Management
Energy
Energy assistance for the poor
Energy prices
Energy security
Energy supplies
Federal Trade Commission
Fines (Penalties)
Fraud
Gas industry
Gasoline
Government Operations and Politics
Government publicity
Government trust funds
Governmental investigations
Gulf of Mexico
Hurricane aftermath legislation
Hurricanes
Independent regulatory commissions
International Affairs
Law
Marine and coastal resources, fisheries
Market manipulation
Natural gas
Parties to actions
Petroleum
Petroleum industry
Restrictive trade practices
Retail trade
Service stations
Social Welfare
Terrorism
War and emergency powers
Wholesale trade

Summary:
action_date: 2005-09-28
text: 
Federal Response to Energy Emergencies Act of 2005 - Declares unlawful: (1) unconscionable pricing of gasoline, oil, natural gas, and petroleum distillates during emergencies; (2) intentional reporting of false price information concerning wholesale prices of such products; and (3) market manipulation regarding the purchase or sale at wholesale of such products.
 
Authorizes the President to declare a federal energy emergency upon finding that the national health, safety, welfare, or economic well-being is at risk because of an actual or imminent shortage of such products due to a disruption of the national distribution system, or significant pricing anomalies in national or regional energy markets for the products.
 
Empowers the Federal Trade Commission (FTC) and State Attorneys General to enforce this Act.
 
Sets forth civil and criminal penalties for violations of this Act.
 
Requires fines and penalties collected under this Act to be deposited in a separate fund in the treasury to be known as the Consumer Relief Trust Fund to provide assistance under the Low Income Home Energy Assistance Program.
 
Directs the FTC to facilitate price transparency in wholesale markets for the sale of crude oil and essential petroleum products.
 
Instructs the FTC to transmit a confidential report to Congress on the potential impact on domestic prices of crude oil, residual fuel oil, and refined petroleum products that would result from the disruption for periods of one week, one year, and five years, respectively.
 
Directs the Secretary of Energy and the Energy Information Administration to review and report to Congress on expenditures and activities undertaken by certain size companies to protect the energy supply system from terrorist attacks, international supply disruptions, and natural disasters, and ensure a stable and reasonably priced supply of such products to consumers in the United States.
 
Requires such report to assess the companies' preparations for the forecasted period of more frequent and more intense hurricane activity in the Gulf of Mexico and other vulnerable coastal areas.


Legislative actions:
action_date: 2006-07-12
text: Sponsor introductory remarks on measure. (CR H5101-5102)
action_date: 2006-06-29
text: Sponsor introductory remarks on measure. (CR H4816-4817)
action_date: 2006-05-03
text: Sponsor introductory remarks on measure. (CR H1995)
action_date: 2006-04-26
text: Sponsor introductory remarks on measure. (CR H1821-1822)
action_date: 2006-04-25
text: Sponsor introductory remarks on measure. (CR H1685)
action_date: 2005-11-07
text: Referred to the Subcommittee on Education Reform.
action_date: 2005-11-03
text: Sponsor introductory remarks on measure. (CR H9610-9611)
action_date: 2005-10-17
text: Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
action_date: 2005-09-28
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-09-28
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-09-28
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-09-28
text: Introduced in House
action_date: 2005-09-28
text: Introduced in House
action_date: 2005-09-27
text: Sponsor introductory remarks on measure. (CR H8379-8380)
action_date: 2005-09-21
text: Sponsor introductory remarks on measure. (CR H8222-8223)