S.Amdt. 3269

SA 3269. Ms. CANTWELL submitted an amendment intended to be proposed
to amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to
provide for the modernization of the energy policy of the United
States, and for other purposes; which was ordered to lie on the table;
as follows:

Beginning on page 385, strike line 11 and all that follows
through page 389, line 18, and insert the following: provide
notice of a plan to collect information identifying all oil
inventories, and other physical oil assets (including all
petroleum-based products and the storage of such products in
off-shore tankers), that are owned by the 50 largest traders
of oil contracts (including derivative contracts); and
``(B) not later than 90 days after the date on which notice
is provided under subparagraph (A), implement the plan
described in that subparagraph.
``(2) Information.--The plan required under paragraph (1)
shall include a description of the plan of the Administrator
for collecting company-specific data, including--
``(A) volumes of product under ownership; and
``(B) storage and transportation capacity (including owned
and leased capacity).
``(3) Protection of proprietary information.--Section 12(f)
of the Federal Energy Administration Act of 1974 (15 U.S.C.
771(f)) shall apply to information collected under this
subsection.
``(o) Collection of Information on Storage Capacity for Oil
and Natural Gas.--
``(1) In general.--Not later than 90 days after the date of
enactment of this subsection, the Administrator of the Energy
Information Administration shall collect information
quantifying the commercial storage capacity for oil and
natural gas in the United States.
``(2) Updates.--The Administrator shall update annually the
information required under paragraph (1).
``(3) Protection of proprietary information.--Section 12(f)
of the Federal Energy Administration Act of 1974 (15 U.S.C.
771(f)) shall apply to information collected under this
subsection.
``(p) Financial Market Analysis Office.--
``(1) Establishment.--There shall be within the Energy
Information Administration a Financial Market Analysis
Office.
``(2) Duties.--The Office shall--
``(A) be responsible for analysis of the financial aspects
of energy markets;
``(B) review the reports required by section 4503(c) of the
Energy Policy Modernization Act of 2016 in advance of the
submission of the reports to Congress; and
``(C) not later than 1 year after the date of enactment of
this subsection--
``(i) make recommendations to the Administrator of the
Energy Information Administration that identify and quantify
any additional resources that are required to improve the
ability of the Energy Information Administration to more
fully integrate financial market information into the
analyses and forecasts of the Energy Information
Administration;
``(ii) conduct a review of implications of policy changes
(including changes in export or import policies) and changes
in how crude oil and refined petroleum products are
transported with respect to price formation of crude oil and
refined petroleum products; and
``(iii) notify the Committee on Energy and Natural
Resources, the Committee on Appropriations, and the Committee
on Agriculture of the Senate and the Committee on Energy and
Commerce, the Committee on Appropriations, and the Committee
on Agriculture of the House of Representatives of the
recommendations described in clause (i).
``(3) Analyses.--The Administrator of the Energy
Information Administration shall take analyses by the Office
into account in conducting analyses and forecasting of energy
prices.''.
(b) Conforming Amendment.--Section 645 of the Department of
Energy Organization Act (42 U.S.C. 7255) is amended by
inserting ``(15 U.S.C. 3301 et seq.) and the Natural Gas Act
(15 U.S.C. 717 et seq.)'' after ``Natural Gas Policy Act of
1978''.

SEC. 4502. WORKING GROUP ON ENERGY MARKETS.

(a) Establishment.--There is established a Working Group on
Energy Markets (referred to in this section as the ``Working
Group'').
(b) Composition.--The Working Group shall be composed of--
(1) the Secretary;
(2) the Secretary of the Treasury;
(3) the Chairman of the Federal Energy Regulatory
Commission;
(4) the Chairman of Federal Trade Commission;
(5) the Chairman of the Securities and Exchange Commission;
and
(6) the Administrator of the Energy Information
Administration.
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