H.R. 2884 · 106th Congress · enacted
Energy Act of 2000
Became Public Law No: 106-469.
Latest official action 2000-11-09 · Enacted
The bill, briefly
Amends the Energy Policy and Conservation Act to extend through FY 2003: (1) the authorization of appropriations to manage and operate the Strategic Petroleum Reserve (SPR); and (2) the authorities and funding for U.S. participation in the International Energy Agreement. (Sec. 2) Authorizes the Secretary of Energy (Secretary) to purchase oil from a marginal well at $15 per barrel, adjusted for inflation, from amounts authorized to operate the SPR whenever the price of oil decreases to less than that amount. (Sec. 3) Authorizes the Secretary to establish, maintain, and operate a Northeast Home Heating Oil Reserve (Reserve) (containing no more than two million barrels of petroleum distillate) in the Northeast. States that such Reserve shall not be considered to be an SPR component. Restricts release of Reserve petroleum distillate to: (1) a severe energy supply disruption; (2) a severe price increase; or (3) an emergency affecting the Northeast which the President determines to merit such release. Mandates establishment of the Northeast Home Heating Oil Reserve Account in the Treasury subsequent to the Secretary's decision to establish the Reserve. Authorizes appropriations.
Congressional Research Service · 2000-04-12
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
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Politicians behind the bill
Sponsors and cosponsors from the official source, limited to members currently in office. Campaign amounts are cycle-wide and are not payments for this bill.
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0 of 0 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.
PAC donors to the listed sponsors
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What happened after enactment?
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Measured outcome: not established
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