S.Amdt. 1848

SA 1848. Ms. CANTWELL submitted an amendment intended to be proposed
to amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for
himself

[[Page S7756]]

and Ms. Murkowski)) to the bill H.R. 1, to provide for reconciliation
pursuant to titles II and V of the concurrent resolution on the budget
for fiscal year 2018; which was ordered to lie on the table; as
follows:

Strike title II and insert the following:

TITLE II

SEC. 20001. STRATEGIC PETROLEUM RESERVE DRAWDOWN AND SALE.

(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
draw down and sell from the Strategic Petroleum Reserve
25,000,000 barrels of crude oil during the period of fiscal
years 2026 through 2027.
(2) Disposition of amounts received from sale.--The
Secretary of the Treasury shall, in the year in which the
sale occurs, deposit the amounts received from a sale under
paragraph (1) in the general fund of the Treasury.
(b) Limitation.--The Secretary of Energy shall not drawdown
or conduct sales of crude oil under subsection (a) after the
date on which a total of $1,000,000,000 has been deposited in
the general fund of the Treasury from sales authorized under
that subsection.
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