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Code · BILL · 115th Congress · S. 1460 (Placed on Calendar Senate) — To provide for the modernization of the energy and natural resources policies of the United States, and for other pur... · Sec. 2101

Sec. 2101. Strategic petroleum reserve drawdown and sale

104 words·~1 min read·/bill/115/s/1460/pcs/section-2101·

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Section 403 of the Bipartisan Budget Act of 2015 ( Public Law 114–74 ; 129 Stat. 589) is amended by adding at the end the following: The Secretary of Energy may increase the drawdown and sales under paragraphs
(1)through
(8)of subsection
(a)as the Secretary of Energy determines to be appropriate to maximize the financial return to United States taxpayers. The Secretary of Energy shall not drawdown or conduct sales of crude oil under this section after the date on which a total of $5,050,000,000 has been deposited in the general fund of the Treasury from sales authorized under this section. .
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  • 129 Stat. 589
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Sec. 2101
Strategic petroleum reserve drawdown and sale
Stat.129 Stat. 589
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