S. 1435

A bill to amend the Energy Policy and Conservation Act to increase the capacity of the Strategic Petroleum Reserve, and for other purposes.

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II

110th CONGRESS

1st Session

S. 1435

IN THE SENATE OF THE UNITED STATES

May 21, 2007

Mr. Cochran introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources

A BILL

To amend the Energy Policy and Conservation Act to increase the capacity of the Strategic Petroleum Reserve, and for other purposes.

1.

Increase in capacity of Strategic Petroleum Reserve

(a)

Strategic petroleum reserve

(1)

Policy

Section 151(b) of the Energy Policy and Conservation Act (42 U.S.C. 6231(b)) is amended by striking 1 billion and inserting 1,500,000,000.

(2)

Creation

Section 154(a) of the Energy Policy and Conservation Act (42 U.S.C. 6234(a)) is amended by striking 1 billion and inserting 1,500,000,000.

(b)

Filling strategic petroleum reserve to capacity

Section 301(e) of the Energy Policy Act of 2005 (42 U.S.C. 6240 note; Public Law 109–58) is amended by striking 1,000,000,000-barrel and inserting 1,500,000,000-barrel.