H.R. 2908 · 111th Congress
Enhanced Supply and Price Reduction Act of 2009
- Stage
- In committee
- Sponsor
- Ed Markey
- Introduced
- 2009-06-17
- Latest action
- 2009-06-18 · Referred to the Subcommittee on Energy and Environment.
Summary
Enhanced Supply and Price Reduction Act of 2009 - Directs the Secretary of Energy to publish a plan to: (1) sell light grade petroleum from the Strategic Petroleum Reserve (SPR) and acquire an equivalent volume of heavy grade petroleum or refined petroleum product; (2) deposit the cash proceeds from such sales into the SPR Petroleum Account established under the Energy Policy and Conservation Act; and (3) withdraw, from the cash proceeds deposited, the amount necessary to pay for the direct administrative and operational costs of the sale and acquisition.