S.Amdt. 1511
What it does: Adds Subtitle D--Miscellaneous SEC. 1____. STRATEGIC PETROLEUM RESERVE DRAWDOWN AUTHORITY Section 161(d)(2) of the Energy Policy and Conservation Act (42 U.S.C. 6241(d)(2)) is amended-- on page 90, between lines 15 and 16
Sen. Charles E. Schumer (D-NY)What it changes
1 change to S. 14
Adds Subtitle D--Miscellaneous SEC. 1____. STRATEGIC PETROLEUM RESERVE DRAWDOWN AUTHORITY Section 161(d)(2) of the Energy Policy and Conservation Act (42 U.S.C. 6241(d)(2)) is amended-- on page 90, between lines 15 and 16
Adds a sectionPrinted pageInserted: Subtitle D--Miscellaneous SEC. 1____. STRATEGIC PETROLEUM RESERVE DRAWDOWN AUTHORITY Section 161(d)(2) of the Energy Policy and Conservation Act (42 U.S.C. 6241(d)(2)) is amended--
Inserted: (1) by striking "(A) an emergency" and inserting "(A)(i) an emergency";
Inserted: (2) by striking "(B) a severe" and inserting "(ii) a severe";
Inserted: (3) by striking "(C) such price" and inserting "(iii) such price";
Inserted: (4) by striking "economy." and inserting "economy; or"; and
Inserted: (5) by adding at the end the following:
Inserted: "(B) there exist severe economic conditions or volatility in the price of petroleum or petroleum products that pose a significant threat to economic stability that could be mitigated by a drawdown and sale of petroleum products from the Strategic Petroleum Reserve.".
Original wording
On page 90, between lines 15 and 16, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1511. Mr. SCHUMER submitted an amendment intended to be proposed by him to the bill S. 14, to enhance the energy security of the United States, and for other purposes; which was ordered to lie on the table; as follows:
On page 90, between lines 15 and 16, insert the following:
Subtitle D--Miscellaneous SEC. 1____. STRATEGIC PETROLEUM RESERVE DRAWDOWN AUTHORITY
Section 161(d)(2) of the Energy Policy and Conservation Act (42 U.S.C. 6241(d)(2)) is amended--
(1) by striking “(A) an emergency” and inserting “(A)(i) an emergency”;
(2) by striking “(B) a severe” and inserting “(ii) a severe”;
(3) by striking “(C) such price” and inserting “(iii) such price”;
(4) by striking “economy.” and inserting “economy; or”; and
(5) by adding at the end the following:
“(B) there exist severe economic conditions or volatility in the price of petroleum or petroleum products that pose a significant threat to economic stability that could be mitigated by a drawdown and sale of petroleum products from the Strategic Petroleum Reserve.”.
Legislative Activity
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Senate amendment submitted
July 31, 2003