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42 U.S.C. § 6231 — Congressional finding and declaration of policy

submitted 51 years ago by Pub. L. 94-163 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 110 words · no verdicts yet

in plain englishAI-generated · not legal advice

Congress finds that a large petroleum reserve would reduce U.S. vulnerability to a severe energy-supply interruption and provide limited short-term protection. U.S. policy is to create a reserve of up to 1 billion barrels for stated energy-security purposes.

(a) Congress finds that storing substantial quantities of petroleum products will reduce the United States’ vulnerability to a severe interruption in energy supplies and provide limited protection from the short-term effects of petroleum-product supply interruptions.
(b) It is U.S. policy to create a Strategic Petroleum Reserve holding up to 1 billion barrels of petroleum products to reduce the effect of supply disruptions, meet U.S. obligations under the international energy program, and serve other purposes provided in this chapter.

the actual law source: uscode.house.gov ↗public domain
(a)

The Congress finds that the storage of substantial quantities of petroleum products will diminish the vulnerability of the United States to the effects of a severe energy supply interruption, and provide limited protection from the short-term consequences of interruptions in supplies of petroleum products.

(b)

It is the policy of the United States to provide for the creation of a Strategic Petroleum Reserve for the storage of up to 1 billion barrels of petroleum products to reduce the impact of disruptions in supplies of petroleum products, to carry out obligations of the United States under the international energy program, and for other purposes as provided for in this chapter.

Source credit: (Pub. L. 94–163, title I, § 151, Dec. 22, 1975, 89 Stat. 881; Pub. L. 106–469, title I, § 103(4), Nov. 9, 2000, 114 Stat. 2029.)

history & why it existsrecord from the source credit
  • 1975Enacted · Pub. L. 94-163 · 89 Stat. 881
  • 2000Amended · Pub. L. 106-469 · 114 Stat. 2029

A history note hasn’t been published yet. The record shows enactment by Pub. L. 94-163 on 1975-12-22.

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