Securing Our Propane Supply Act

Hozzl · 2023-12-15T16:06:08Z

Explore the details of Senate Bill 515 Securing Our Propane Supply Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

12/15/2023, 4:06 PM

Summary of Bill S 515

Bill 118 s 515, also known as the Securing Our Propane Supply Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to ensure that there is a reliable and secure supply of propane available in the United States.

The bill outlines several key provisions to achieve this goal. One of the main provisions is the establishment of a strategic propane reserve, similar to the Strategic Petroleum Reserve that currently exists for oil. This reserve would help to mitigate any potential disruptions in the supply of propane, such as natural disasters or geopolitical events.

Additionally, the bill calls for increased coordination and communication between federal, state, and local agencies to better monitor and respond to any potential propane supply issues. This would help to ensure that there is a coordinated and effective response in the event of a propane shortage. Furthermore, the bill includes provisions to incentivize the development of infrastructure for the storage and distribution of propane, as well as measures to promote research and development in the propane industry. Overall, the Securing Our Propane Supply Act aims to address potential vulnerabilities in the US propane supply chain and ensure that there is a reliable and secure supply of propane available to consumers and businesses across the country.

Congressional Summary of S 515

Securing Our Propane Supply Act

This bill requires the Department of Energy (DOE) to study the feasibility and effectiveness of establishing a national strategic propane reserve that is separate from the Strategic Petroleum Reserve. If DOE finds a reserve should be established, then DOE must develop an implementation plan.

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Current Status of Bill S 515

Bill S 515 is currently in the status of Bill Introduced since February 16, 2023. Bill S 515 was introduced during Congress 118 and was introduced to the Senate on February 16, 2023. Bill S 515's most recent activity was Read twice and referred to the Committee on Energy and Natural Resources. as of February 16, 2023

Bipartisan Support of Bill S 515

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 515

Primary Policy Focus

Energy

Alternate Title(s) of Bill S 515

Securing Our Propane Supply ActSecuring Our Propane Supply ActA bill to require the Secretary of Energy to conduct a study to determine the feasibility and effectiveness of establishing a national strategic propane reserve.

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