Strategically Lowering Gas Prices Act

Bill: 117-hr-6297
Sponsor: full_name: Rep. Budd, Ted [R-NC-13]
Introduced: 2021-12-16
Policy area: Energy
Latest action: action_date: 2021-12-17
text: Referred to the Subcommittee on Energy.

Summaries:
action_date: 2021-12-16
action_desc: Introduced in House
text: <p><b>Strategically Lowering Gas Prices Act</b></p> <p>This bill prohibits, subject to certain exceptions, the Department of Energy from drawing down or selling stocks from the Strategic Petroleum Reserve at the direction of a President if that President has withdrawn federal land subject to any of the mineral leasing laws from oil and gas leasing.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 6297 IN THE HOUSE OF REPRESENTATIVES December 16, 2021 Mr. Budd (for himself, Mrs. Bice of Oklahoma , Mr. Perry , Mr. Carter of Georgia , Mrs. Hinson , Mr. Gohmert , Mr. Steube , Mr. Gibbs , and Mr. Cole ) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To prohibit a drawdown and sale of petroleum products from the Strategic Petroleum Reserve if the President has withdrawn certain land from oil and gas leasing, and for other purposes.

1. Short title This Act may be cited as the Strategically Lowering Gas Prices Act . 2. Drawdown and sale of petroleum products Section 161 of the Energy Policy and Conservation Act ( 42 U.S.C. 6241 ) is amended by adding at the end the following: (k) Effect of withdrawal of lands (1) In general Notwithstanding subsections (d) and (h), the Secretary may not draw down and sell petroleum products pursuant to a finding made by a President under this section if that President, as determined by the Secretary of the Interior, has withdrawn land that is subject to disposition under any of the mineral leasing laws from oil and gas leasing. (2) Withdrawal by statute For purposes of paragraph (1), a withdrawal of land from oil and gas leasing provided by statute shall not be considered a withdrawal by the President. (3) Exception Paragraph (1) shall not apply with respect to a drawdown and sale that is required by a severe energy supply interruption that is caused by an act of sabotage, an act of terrorism, or an act of God. .