arrow_back Back to App

Strategic Petroleum Reserve: Sales Linked to Oil and Gas Leasing

This bill aims to link the ability to sell oil from the Strategic Petroleum Reserve to presidential decisions regarding oil and gas land leases. If the President withdraws certain lands from leasing, oil sales from the reserve could be restricted. Exceptions apply for severe energy supply interruptions caused by sabotage, terrorism, or acts of God.
Key points
Restricts oil sales from the Strategic Petroleum Reserve if the President withdraws land from oil and gas leasing.
Aims to connect energy policy with domestic resource availability.
Exceptions for severe energy crises caused by sabotage, terrorism, or acts of God.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6297
Sponsor: Rep. Budd, Ted [R-NC-13]
Process start date: 2021-12-16
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Strategically Lowering Gas Prices Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6297.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-12-16.

What are the main provisions?

Key points include:

  • Restricts oil sales from the Strategic Petroleum Reserve if the President withdraws land from oil and gas leasing.
  • Aims to connect energy policy with domestic resource availability.
  • Exceptions for severe energy crises caused by sabotage, terrorism, or acts of God.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Budd, Ted [R-NC-13].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Energy.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Environment