Congresswoman Stephanie Bice is teaming up with Congressman Ted Budd of North Carolina to introduce a bill which targets President Biden’s executive orders limiting energy development on federal lands.
Bice and Budd call the bill the Strategically Lowering Gas Prices Act.
It would keep the president from releasing oil from the Strategic Petroleum Reserve (SPR) until he revokes the executive orders which halted oil and gas activity on federal lands.
Bice says Biden’s attempt to use the SPR to lower gasoline prices will have a minimal impact.
“President Biden’s actions continue to degrade our nation’s oil and gas industry and the high-paying jobs that it provides. Instead of turning to American companies to increase output, Biden used his executive power to release 50 million barrels of oil from our country’s Strategic Petroleum Reserve to help lower gas prices. That’s why the Strategically Lowering Gas Prices Act is important. This legislation would disallow the president from ordering a sell off from the SPR while executive orders or mandates are in effect blocking oil and gas leasing on federal lands. The SPR was created specifically to draw upon in times of emergency or significant shortage, not to help a president whose strategies have failed to save face with the American people.”
The Biden Administration is releasing 50-million barrels from the SPR along with coordinated releases by other countries.
More than a half dozen other Representative have signed onto the legislation as a co-sponsor, including Congressman Tom Cole.
