Sec. 199993. Delay of Strategic Petroleum Reserve sale
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Section 404 of the Bipartisan Budget Act of 2015 ( 42 U.S.C. 6239 note) is amended— in subsection (e), by striking 2020 and inserting 2022 ; and in subsection (g), by striking 2020 and inserting 2022 . Title III of division C of the Further Consolidated Appropriations Act, 2020 ( Public Law 116–94 ) is amended in the matter under the heading Department of Energy—Energy Programs—Strategic Petroleum Reserve by striking and all that follows through the period at the end and inserting the following:
Provided , That . Provided , That, as authorized by section 404 of the Bipartisan Budget Act of 2015 ( Public Law 114–74 ; 42 U.S.C. 6239 note), the Secretary of Energy shall draw down and sell not to exceed a total of $450,000,000 of crude oil from the Strategic Petroleum Reserve in fiscal year 2020, fiscal year 2021, or fiscal year 2022: Provided further , That the proceeds from such drawdown and sale shall be deposited into the Energy Security and Infrastructure Modernization Fund during the fiscal year in which the sale occurs and shall be made available in such fiscal year, to remain available until expended, for necessary expenses to carry out the Life Extension II project for the Strategic Petroleum Reserve.
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Sec. 199993
Delay of Strategic Petroleum Reserve sale
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