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Crude by Rail Volatility Standard Act
2/9/2022, 2:28 AM
Congressional Summary of HR 5553
Crude by Rail Volatility Standard Act
This bill establishes a maximum volatility standard for crude oil.
Specifically, the bill
- prohibits the transportation by rail of crude oil with Reid vapor pressure (a measure of gasoline's volatility) of more than 9.5 pounds per square inch (the maximum volatility set by the New York Mercantile Exchange for crude oil futures contracts), and
- directs the Pipeline and Hazardous Materials Safety Administration to finalize a rule setting a maximum volatility standard for crude oil and other hazardous materials transported by rail.
Read the Full Bill
Current Status of Bill HR 5553
Bill HR 5553 is currently in the status of Bill Introduced since January 8, 2020. Bill HR 5553 was introduced during Congress 116 and was introduced to the House on January 8, 2020. Bill HR 5553's most recent activity was Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. as of January 9, 2020
Bipartisan Support of Bill HR 5553
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
4Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5553
Primary Policy Focus
Transportation and Public WorksPotential Impact Areas
- Administrative law and regulatory procedures
- Oil and gas
- Railroads
- Transportation safety and security
Alternate Title(s) of Bill HR 5553
Crude by Rail Volatility Standard Act
To prohibit transportation by rail of crude oil with a Ried vapor pressure of more than 9.5 pounds per square inch, and for other purposes.
Crude by Rail Volatility Standard Act
Comments
Sponsors and Cosponsors of HR 5553
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