S. 2088 · 101st Congress · enacted
Energy Policy and Conservation Act Amendments of 1990
Became Public Law No: 101-383.
Latest official action 1990-09-15 · Enacted
The bill, briefly
Strategic Petroleum Reserve Amendments of 1990 - Amends the Energy Policy and Conservation Act to extend from August 15, 1990, to December 31, 1994, authorities relating to domestic energy supply availability. Authorizes the Secretary of Energy (the Secretary) to take the following actions upon finding that a severe energy supply interruption may be imminent: (1) suspend acquisition and injection of petroleum products destined for the Strategic Petroleum Reserve (SPR); and (2) sell any petroleum product not yet injected into the SPR. Sets forth a fill-rate reduction formula for any fiscal year in which petroleum product purchases are suspended or in which petroleum product sales are consummated. Prescribes guidelines under which the Secretary is authorized to draw down and distribute the SPR if the President finds that a national or regional energy emergency is imminent. Grants the Secretary additional authority to enter into agreements to acquire petroleum products for SPR storage. Subjects such agreements to congressional approval. Directs the Secretary to: (1) provide that until there are 20,000,000 barrels of refined petroleum product in the SPR, at least ten percent of the total petroleum products acquired for it shall be refined; and (2) contract for storage facilities in those regions that are most dependent upon imported petroleum. Precludes the Secretary from acquirin…
Congressional Research Service · 1990-07-16
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Politicians behind the bill
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What happened after enactment?
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