S. 3816 · 116th Congress
Strategic Petroleum Reserve Reform Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
CassidySponsorNo cosponsors.
This bill revises requirements for the Strategic Petroleum Reserve to address underused storage facilities.
What it does: CRS summary · Introduced in Senate · May 21, 2020
Strategic Petroleum Reserve Reform Act
This bill revises requirements for the Strategic Petroleum Reserve to address underused storage facilities.
Specifically, the bill authorizes the Department of Energy (DOE)to lease such storage facilities to private entities. Currently, DOE may only lease these storage facilities to foreign governments. DOE must ensure that leasing of facilities to foreign governments will not impair national security.
In addition, DOE must conduct a program to lease storage capacity for up to 200 million barrels of petroleum products at storage facilities of the Strategic Petroleum Reserve and related facilities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Strategic Petroleum Reserve Reform Act
Latest action (May 21, 2020): Read twice and referred to the Committee on Energy and Natural Resources.
Policy area: Energy · Origin: Senate · Introduced: May 21, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.