S.Amdt. 2358

1. Rewrites section 52204

   Replaces

   Removes section 52204.

   Inserted: SEC. 52204. STRATEGIC PETROLEUM RESERVE.

   Inserted: (a) Strategic Petroleum Reserve Test Drawdown and Sale Notification and Definition Change.--

   Inserted: (1) Notice to congress.--Section 161(g) of the Energy Policy and Conservation Act (42 U.S.C. 6241(g)) is amended by striking paragraph (8) and inserting the following:

   Inserted: "(8) Notice to congress.--

   Inserted: "(A) Prior notice.--Not less than 14 days before the date on which a test is carried out under this subsection, the Secretary shall notify both Houses of Congress of the test.

   Inserted: "(B) Emergency.--The prior notice requirement in subparagraph (A) shall not apply if the Secretary determines that an emergency exists which requires a test to be carried out, in which case the Secretary shall notify both Houses of Congress of the test as soon as possible.

   Inserted: "(C) Detailed description.--

   Inserted: "(i) In general.--Not later than 180 days after the date on which a test is completed under this subsection, the Secretary shall submit to both Houses of Congress a detailed description of the test.

   Inserted: "(ii) Report.--A detailed description submitted under clause (i) may be included as part of a report made to the President and Congress under section 165.".

   Inserted: (2) Definition change.--Section 3(8)(C)(iii) of the Energy Policy and Conservation Act (42 U.S.C. 6202(8)(C)(iii)) is amended by striking "sabotage or an act of God" and inserting "sabotage, an act of terrorism, or an act of God".

   Inserted: (b) Strategic Petroleum Reserve Mission Readiness Optimization.--Not later than 180 days after the date of enactment of this Act, the Secretary of Energy shall--

   Inserted: (1) complete a long-range strategic review of the Strategic Petroleum Reserve; and

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   Inserted: (2) develop and submit to Congress a proposed action plan, including a proposed implementation schedule, that--

   Inserted: (A) specifies near- and long-term roles of the Strategic Petroleum Reserve relative to the energy and economic security goals and objectives of the United States;

   Inserted: (B) describes whether existing legal authorities that govern the policies, configuration, and capabilities of the Strategic Petroleum Reserve are adequate to ensure that the Strategic Petroleum Reserve can meet the current and future energy and economic security goals and objectives of the United States;

   Inserted: (C) identifies the configuration and performance capabilities of the Strategic Petroleum Reserve and recommends an action plan to achieve the optimal --

   Inserted: (i) capacity, location, and composition of petroleum products in the Strategic Petroleum Reserve; and

   Inserted: (ii) storage and distributional capabilities; and

   Inserted: (D) estimates the resources required to attain and maintain the long-term sustainability and operational effectiveness of the Strategic Petroleum Reserve.

   Inserted: (c) Strategic Petroleum Reserve Modernization.--

   Inserted: (1) Reaffirmation of policy.--Congress reaffirms the continuing strategic importance and need for the Strategic Petroleum Reserve as found and declared in section 151 of the Energy Policy and Conservation Act (42 U.S.C. 6231).

   Inserted: (2) Spr petroleum account.--Section 167(b) of the Energy Policy and Conservation Act (42 U.S.C. 6247(b)) is amended to read as follows:

   Inserted: "(b) Obligation of Funds for the Acquisition, Transportation, and Injection of Petroleum Products Into SPR and for Other Purposes.--

   Inserted: "(1) Purposes.--Amounts in the Account may be obligated by the Secretary of Energy for--

   Inserted: "(A) the acquisition, transportation, and injection of petroleum products into the Reserve;

   Inserted: "(B) test sales of petroleum products from the Reserve;

   Inserted: "(C) the drawdown, sale, and delivery of petroleum products from the Reserve;

   Inserted: "(D) the construction, maintenance, repair, and replacement of storage facilities and related facilities; and

   Inserted: "(E) carrying out non-Reserve projects needed to enhance the energy security of the United States by increasing the resilience, reliability, safety, and security of energy supply, transmission, storage, or distribution infrastructure.

   Inserted: "(2) Amounts.--Amounts in the Account may be obligated by the Secretary of Energy for purposes of paragraph (1), in the case of any fiscal year--

   Inserted: "(A) subject to section 660 of the Department of Energy Organization Act (42 U.S.C. 7270), in such aggregate amounts as may be appropriated in advance in appropriations Acts; and

   Inserted: "(B) notwithstanding section 660 of the Department of Energy Organization Act (42 U.S.C. 7270), in an aggregate amount equal to the aggregate amount of the receipts to the United States from the sale of petroleum products in any drawdown and a distribution of the Reserve under section 161, including--

   Inserted: "(i) a drawdown and distribution carried out under subsection (g) of that section; or

   Inserted: "(ii) from the sale of petroleum products under section 160(f).

   Inserted: "(3) Availability of funds.--Funds available to the Secretary of Energy for obligation under this subsection may remain available without fiscal year limitation.".

   Inserted: (3) Definition of related facility.--Section 152(8) of the Energy Policy and Conservation Act (42 U.S.C. 6232(8)) is amended by inserting "terminals," after "reservoirs,".

   Original wording

   Strike section 52204 and insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed