PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 00 · Introduced in House · Jan 27, 2000
Oil Price Safeguard Act - Amends the Energy Policy and Conservation Act to deem a severe energy supply to exist if the President determines that: (1) a significant reduction in petroleum supply of significant scope and duration has caused a significance increase in the price of petroleum products which is likely to cause a significant adverse impact upon the national economy; and (2) a substantial cause of such reduction is the anticompetitive conduct of foreign countries or international entities.Mandates that proceeds from petroleum sales drawn down pursuant to the President's determination be deposited in the Strategic Petroleum Reserve (SPR) Account and used exclusively for specified Account purposes.Requires the President to report certain information and analyses to specified congressional committees if crude oil prices exceed $25 per barrel for more than 14 days.
People & committees
Rep. Ackerman, Gary L. [D-NY-5] · D–NY
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the Subcommittee on Energy and Power.
Referred to the House Committee on Commerce.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We currently store references to these documents.
Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
AI Conversation Starters
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Analyze H.R.3533 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.R.3533 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine H.R.3533 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine H.R.3533 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.