S.Amdt. 2359

SA 2359. Ms. MURKOWSKI (for herself and Ms. Cantwell) submitted an amendment intended to be proposed by her to the bill H.R. 22, to amend the Internal Revenue Code of 1986 to exempt employees with health coverage under TRICARE or the Veterans Administration from being taken into account for purposes of determining the employers to which the employer mandate applies under the Patient Protection and Affordable Care Act; which was ordered to lie on the table; as follows:

Strike section 52204 and insert the following:

SEC. 52204. STRATEGIC PETROLEUM RESERVE DRAWDOWN AND SALE; CLARIFICATION OF EXCISE TAX TREATMENT OF OIL SANDS.

(a) Drawdown and Sale.--

(1) In general.--Notwithstanding section 161 of the Energy Policy and Conservation Act (42 U.S.C. 6241), except as provided in subsection (b), the Secretary of Energy shall drawdown and sell from the Strategic Petroleum Reserve--

(A) 7,000,000 barrels of crude oil during fiscal year 2021;

(B) 10,000,000 barrels of crude oil during fiscal year 2022;

(C) 16,000,000 barrels of crude oil during fiscal year 2023;

(D) 25,000,000 barrels of crude oil during fiscal year 2024; and

(E) 25,000,000 barrels of crude oil during fiscal year 2025.

(2) Deposit of amounts received from sale.--Amounts received from a sale under paragraph (1) shall be deposited in the general fund of the Treasury during the fiscal year in which the sale occurs.

(b) Emergency Protection.--In any 1 fiscal year described in subsection (a)(1), the Secretary of Energy shall not drawdown and sell crude oil under this section in quantities that would result in a Strategic Petroleum Reserve that contains an inventory of petroleum products representing fewer than 90 days of emergency reserves, based on the average daily level of net imports of crude oil and petroleum products in the calendar year preceding that fiscal year.

(c) Clarification of Oil Sands as Crude Oil for Excise Tax Purposes.--

(1) In general.--Paragraph (1) of section 4612(a) of the Internal Revenue Code of 1986 is amended to read as follows:

“(1) Crude oil.--The term ‘crude oil' includes crude oil condensates, natural gasoline, synthetic petroleum, any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture, and any oil derived from kerogen-bearing sources.”.

(2) Technical amendment.--Paragraph (2) of section 4612(a) of such Code is amended by striking “from a well located”.

(3) Effective date.--The amendments made by this subsection shall apply to oil and petroleum products received, entered, used, or exported during calendar quarters beginning more than 60 days after the date of the enactment of this Act.