H.R. 1679 · 114th Congress
Bakken Crude Stabilization Act of 2015
- Stage
- In committee
- Sponsor
- John Garamendi
- Introduced
- 2015-03-26
- Latest action
- 2015-03-27 · Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Summary
Bakken Crude Stabilization Act of 2015
This bill authorizes Bakken crude oil to be transported by rail only if it has a Reid vapor pressure of not more than 9.5 pounds per square inch (the maximum volatility set by the New York Mercantile Exchange for crude oil futures contracts).