Amendment reauthorizes the Strategic Petroleum Reserve through 2003; authorizes the Secretary of Energy to buy oil from stripper wells; and authorizes the establishment of the Northeast Home Heating Oil Reserve.

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Amendment Number
928
Description
Amendment reauthorizes the Strategic Petroleum Reserve through 2003; authorizes the Secretary of Energy to buy oil from stripper wells; and authorizes the establishment of the Northeast Home Heating Oil Reserve.
Purpose
An amendment printed in House Report 106-701 to replace the bill's provisions reauthorizing the Strategic Petroleum Reserve for one year with a new reauthorization for 3 years; authorize the Energy Department to buy oil from small or marginal wells when oil prices fall below $15 a barrel; and to authorize the establishment of a new regional home heating oil reserve in the Northeast.
Congress
106
Type
HAMDT
Latest Action Date
Jun 27, 2000
Latest Action Text
On agreeing to the Sherwood amendment (A014) Agreed to by recorded vote: 393 - 33 (Roll no. 339).
Latest Action Time
23:08:00
Submitted Date
Jun 27, 2000
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 928 — Informed