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.
Actions
Jan 9, 2020
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Jan 8, 2020
Referred to the House Committee on Transportation and Infrastructure.