Referred to the Subcommittee on Energy and Air Quality.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Sep 15, 2005
Oil Reserve Pricing Reform Act - Authorizes the Secretary of Energy, in certain circumstances, to defer a petroleum acquisition for the Strategic Petroleum Reserve (SPR) that is in excess of 700,000,000 barrels.
Requires the Secretary, in determining whether to defer such acquisition, to: (1) use pre-2202 market-based practices when deciding to acquire petroleum for the Strategic Petroleum Reserve; (2) carry out and make public analyses of costs and savings; (3) report to Congress the impact such acquisition will have on the domestic and foreign supply of petroleum and the resulting price increases or decreases; and (4) consult with the Secretary of Homeland Security on the security consequences of such acquisition or deferral.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.
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