US Congress Senate Bill 3816 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on May 21 2020 - 25% progression, died in committee
Action: 2020-05-21 - Read twice and referred to the Committee on Energy and Natural Resources.
Pending: Senate Energy And Natural Resources Committee
Text: Latest bill text (Introduced) [PDF]

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.

Strategic Petroleum Reserve Reform Act

Sen. Bill Cassidy [R-LA]

Date	Chamber	Action
2020-05-21	Senate	Read twice and referred to the Committee on Energy and Natural Resources.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/3816/all-info
Text	https://www.congress.gov/116/bills/s3816/BILLS-116s3816is.pdf