S.J.Res. 32Senate110th Congress (2007-2009)Introduced

A joint resolution limiting the issuance of a letter of offer with respect to a certain proposed sale of defense articles and defense services to the Kingdom of Saudi Arabia.

Introduced May 13, 2008

Legislative Activity

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3 earlier actions
SenateCalendars Latest Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 736.

May 14, 2008

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SenateIntro Referral

Introduced in Senate

May 13, 2008

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S4112-4114)

May 13, 2008

SenateCalendars

Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

May 13, 2008

SenateCalendars

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 736.

May 14, 2008

Floor Debate

20 members

What members said about S.J.Res. 32 on the floor

10 Republicans9 Democrats1 Independent
Michael B. Enzi
Sen. Michael B. EnziR-WY · May 13, 2008

Mr. President, I suggest the absence of a quorum. Mr. President, I appreciate the opportunity to finally comment on some of these things and to do my opening statement. I do want to say I was a…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · May 13, 2008

Mr. President, I see my colleague from New York. I think he would like to speak on this issue, and then we will continue to balance off the speakers the best that we can to try to take into…

Lamar Alexander
Sen. Lamar AlexanderR-TN · May 13, 2008

Mr. President, I ask unanimous consent to set aside the pending amendment. I send to the desk an amendment and ask for its immediate consideration. I believe Senator Kennedy has seen a copy of it.…

Robert Menendez
Sen. Robert MenendezD-NJ · May 13, 2008

I will be happy to yield to the Senator. Mr. President, let me first say I appreciate the Senator from Massachusetts and his leadership in this regard. I have come to the floor not only to…

Jon Kyl
Sen. Jon KylR-AZ · May 13, 2008

Mr. President, I wish to speak to this legislation and address briefly some of the comments that have been made. I don't think there is any question that this legislation would represent an…

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Sherrod Brown
Sen. Sherrod BrownD-OH · May 13, 2008

Mr. President, I concur in what the junior Senator from Maine has said, if the volunteer firefighter organizations worked closely with Senators Gregg and Kennedy and they are supportive and have…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · May 13, 2008

Mr. President, I rise to discuss rising energy prices. I remind President Bush, as he leaves for his trip to the Middle East, his ally, Saudi Arabia, holds the key to reducing gasoline prices at home…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · May 13, 2008

Mr. President, I rise to discuss rising energy prices. I remind President Bush, as he leaves for his trip to the Middle East, his ally, Saudi Arabia, holds the key to reducing gasoline prices at home…

Chuck Grassley
Sen. Chuck GrassleyR-IA · May 13, 2008

Mr. President, I come to the floor to discuss with my colleagues an issue that has hit home over the last few years for all Americans, and that issue is crimes against children. We have all heard…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · May 13, 2008

Mr. President, in a short while I am going to call up an amendment, and I will move at that time to set aside the pending amendment to call up amendment No. 4759. I am not going to do it yet because…

Susan M. Collins
Sen. Susan M. CollinsR-ME · May 13, 2008

Mr. President, I rise in support of the Public Safety Employer- Employee Cooperation Act. I have been a cosponsor of this legislation in previous Congresses, and I am pleased that the bill, which I…

Patty Murray
Sen. Patty MurrayD-WA · May 13, 2008

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. Mr. President, 46 years ago, President Kennedy designated this week to honor our first responders, particularly…

Daniel K. Akaka
Sen. Daniel K. AkakaD-HI · May 13, 2008

Mr. President, today I join with my good friends Senators Ted Stevens, Daniel Inouye, and Lisa Murkowski to introduce legislation to ensure retirement equity for Federal workers in Hawaii, Alaska,…

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Christopher J. Dodd
Sen. Christopher J. DoddD-CT · May 13, 2008

Mr. President, I rise today to speak in support of the Public Safety Employer-Employee Cooperation Act, a bipartisan measure that will guarantee our Nation's law enforcement officers, firefighters…

Ted Stevens
Sen. Ted StevensR-AK · May 13, 2008

Mr. President, I join my friend from Hawaii in introducing the Non-foreign Area Retirement Equity Act. I thank Senator Akaka for his hard work on this important legislation that finally brings…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · May 13, 2008

I can probably do it in less than 10 minutes or around that. Mr. President, I believe my amendment No. 4755 is at the desk. I call it up and ask for its immediate consideration. Mr. President, I ask…

Bob Corker
Sen. Bob CorkerR-TN · May 13, 2008

Mr. President, I ask unanimous consent that the pending amendment be set aside. Yes. If it is OK to continue, I will. Mr. President, with the approval of the senior Senator from Massachusetts, at the…

Judd Gregg
Sen. Judd GreggR-NH · May 13, 2008

Mr. President, today I am pleased to be joined by Senator Kennedy and the other 31 cosponsors of the Public Safety Employer- Employee Cooperation Act of 2007, as we begin discussion of this…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · May 13, 2008

Mr. President, I am proud to introduce a bill today to reauthorize the Bulletproof Vest Partnership Grant Act for 3 years, through 2012. This legislation has enjoyed strong bipartisan support in…

Pete V. Domenici
Sen. Pete V. DomeniciR-NM · May 13, 2008

Mr. President, today I rise to introduce legislation to continue the restoration and preservation of the unique cultural resources along the famous Route 66. Passage of the Route 66 Corridor…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · May 13, 2008

I am going to speak on this for a minute and then on one other issue that I mentioned to the Senator from Massachusetts. But first I thank him for his leadership. The bottom line is, we have made…

Bernard Sanders
Sen. Bernard SandersI-VT · May 13, 2008

Mr. President, I understand that S.J. Res. 32, introduced earlier today, is at the desk. I ask for its first reading. Mr. President, I now ask for its second reading and object to my own request.

Harry Reid
Sen. Harry ReidD-NV · May 14, 2008

Mr. President, S.J. Res. 32 is at the desk and due for a second reading. I object to any further proceedings with respect to the joint resolution.

Bill Text

Latest available legislative text

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Placed on Calendar SenateIssued May 14, 2008

IIA

Calendar No. 736

110th CONGRESS

2d Session

S. J. RES. 32

IN THE SENATE OF THE UNITED STATES

May 13, 2008

Mr. Schumer (for himself, Mr. Dorgan, Mr. Casey, Ms. Klobuchar, and Mr. Sanders) introduced the following joint resolution; which was read the first time

May 14, 2008

Read the second time and placed on the calendar

JOINT RESOLUTION

Limiting the issuance of a letter of offer with respect to a certain proposed sale of defense articles and defense services to the Kingdom of Saudi Arabia.

Whereas record-high gasoline prices are placing considerable fiscal strain on American households that are already burdened by a weakening United States economy;

Whereas the increase in gasoline prices is principally due to the increasing price of crude oil, which has reached a price of more than $120 per barrel in recent weeks, the highest price on record in inflation-adjusted terms;

Whereas, because United States gasoline refiners must purchase crude oil on the world market, the price they pay is highly sensitive to crude oil production decisions made by entities with significant shares in the market;

Whereas since 1973, the Organization of the Petroleum Exporting Countries (OPEC) has cartelized the crude oil market, effectively controlling the supply and price of petroleum products;

Whereas the Kingdom of Saudi Arabia, through the nationalized oil company Saudi Aramco, controls 98 percent of the more than 260,000,000,000 barrels of crude oil reserves in Saudi Arabia, and daily production of crude oil in Saudi Arabia constitutes more than 10 percent of the world daily production of crude oil;

Whereas, as the dominant member of Organization of the Petroleum Exporting Countries, the Kingdom of Saudi Arabia has historically exercised considerable market power by producing between 1,000,000 and 5,000,000 barrels of crude oil per day below its maximum daily capacity;

Whereas in April 2008, crude oil production by the Kingdom of Saudi Arabia was nearly 2,000,000 barrels per day below its maximum daily capacity;

Whereas crude oil production by the Kingdom of Saudi Arabia in 2007 was approximately 800,000 barrels per day less than in 2005;

Whereas energy economic analysis has determined that, holding world demand constant, an increase by one percent of the crude oil supply of the world results in a reduction by between 20 percent and 25 percent in world crude oil prices in the near term;

Whereas, according to this analysis, an increase in crude oil production by the Kingdom of Saudi Arabia by 1,000,000 barrels per day, which would result in an increase in world crude oil supply of more than one percent, could—

(1)

reduce world oil prices by between 20 percent and 25 percent, and result in a reduction in the price of a barrel of crude oil by more than $25 per barrel from the current price of $126 per barrel; and

(2)

in turn, reduce the price of gasoline by between 13 percent and 17 percent, or by more than 62 cents off the expected summer regular-grade price of $3.66 per gallon;

Whereas, despite the refusal of the Kingdom of Saudi Arabia to increase its oil production, the Administration continues to reward Saudi Arabia with lucrative arms deals;

Whereas, since October 2007, the Administration has offered to sell the Kingdom of Saudi Arabia $1,400,000,000 worth of arms, including 900 Joint Direct Attack Munition (JDAM) kits, which are applied to conventional bombs to make them laser-guided bombs; and

Whereas the Administration should cease the sale of weapons to Kingdom of Saudi Arabia unless and until it increases its production of crude oil: Now, therefore, be it

1.

Limitation on certain proposed sales of defense articles and defense services to the Kingdom of Saudi Arabia

(a)

Limitation

The issuance of a letter of offer with respect to each proposed sale of defense articles and defense services to the Kingdom of Saudi Arabia specified in subsection (b) is hereby prohibited unless the Kingdom of Saudi Arabia—

(1)

commencing not later than 30 days after the date of the enactment of this Joint Resolution, increases its oil production by 1,000,000 barrels of oil per day in excess of its oil production as of January 1, 2008 (as reported by the International Energy Agency); and

(2)

maintains such increased oil production for not less than 90 days after the date on which such increased oil production is reached (as so reported).

(b)

Proposed sales of defense articles and defense services

The proposed sales of defense articles and defense services to the Kingdom of Saudi Arabia specified in this subsection are the proposed sales as follows:

(1)

The proposed sale of defense articles and defense services to the Kingdom of Saudi Arabia described in the certifications transmitted to the Speaker of the House of Representatives and the Chairman of the Committee on Foreign Relations of the Senate pursuant to section 36(b) of the Arms Export Control Act on October 4, 2007 (Transmittal Number 08–03).

(2)

The proposed sale of defense articles and defense services to the Kingdom of Saudi Arabia described in the certifications transmitted to the Speaker of the House of Representatives and the Chairman of the Committee on Foreign Relations of the Senate pursuant to section 36(b) of the Arms Export Control Act on December 7, 2007 (Transmittal Number 08–28).

(3)

The proposed sale of defense articles and defense services to the Kingdom of Saudi Arabia described in the certifications transmitted to the Speaker of the House of Representatives and the Chairman of the Committee on Foreign Relations of the Senate pursuant to section 36(b) of the Arms Export Control Act on December 7, 2007 (Transmittal Number 08–29).

(4)

The proposed sale of defense articles and defense services to the Kingdom of Saudi Arabia described in the certifications transmitted to the Speaker of the House of Representatives and the Chairman of the Committee on Foreign Relations of the Senate pursuant to section 36(b) of the Arms Export Control Act on January 14, 2008 (Transmittal Number 08–18).

May 14, 2008

Read the second time and placed on the calendar