S 3816
116th Congress
Senate
Energy
Congressional oversight
Energy storage, supplies, demand
Environmental assessment, monitoring, research
Lease and rental services
Oil and gas
Strategic materials and reserves
Strategic Petroleum Reserve Reform Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2020
Read twice and referred to the Committee on Energy and Natural Resources.
May 21, 2020
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Energy and Natural Resources.
Committees of jurisdiction
1