H.R. 1914 · 112th Congress
Gas Price Stabilization Act of 2011
- Stage
- In committee
- Sponsor
- Henry Cuellar
- Introduced
- 2011-05-13
- Latest action
- 2011-05-23 · Referred to the Subcommittee on Energy and Power.
Summary
Gas Price Stabilization Act of 2011 - 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, (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 such cash proceeds the amount necessary to pay for the direct administrative and operational costs of the sale and acquisition.