Sec. 3. Strategic Petroleum Reserve levels and emergency sales

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Not later than 1 year after the date of enactment of this Act, the Secretary of Energy shall submit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Energy and Natural Resources of the Senate a report containing— the results of a study of metrics that may be used for determining the adequacy of the amounts of petroleum products stored in the Strategic Petroleum Reserve to support United States energy security objectives, taking into consideration gross crude oil imports, net crude oil imports, and refining capacity and utilization, and a determination of which such metrics are the most appropriate for such purpose; the results of a study and analysis of domestic crude oil refining capacity (including technical configuration of refineries, downstream charge capacity, and atmospheric crude distillation units) and issues relating to aging infrastructure that would inhibit the ability to meet production demand, and any recommendations for improvements; and an assessment of acquisition procedures and identification of any provisions of Federal law or regulation that either limit or prohibit accelerated replenishment of the Strategic Petroleum Reserve necessary to maintain and support United States energy security objectives.

The report required by paragraph

(1)shall be submitted in unclassified form, but may contain a classified annex. The Energy Policy and Conservation Act is amended by inserting after section 163 ( 42 U.S.C. 6243 ) the following: Notwithstanding section 101(b) of division O of the Consolidated Appropriations Act, 2016 ( 42 U.S.C. 6212a(b) ), the Secretary shall issue regulations prohibiting the export of petroleum products drawn down and sold from the Strategic Petroleum Reserve to— any country that is— subject to a United States arms embargo, as specified in list D:5 of Country Group D in Supplement No. 1 to part 740 of title 15, Code of Federal Regulations; or a state sponsor of terrorism; and any entity that is wholly or partially owned by the People’s Republic of China. In this section, the term state sponsor of terrorism means a country the government of which has repeatedly provided support for international terrorism pursuant to— section 1754(c)(1)(A) of the Export Control Reform Act of 2018 ( 50 U.S.C. 4813(c)(1)(A) ); section 620A of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2371 ); section 40 of the Arms Export Control Act ( 22 U.S.C. 2780 ); or any other applicable provision of law. . Section 161(a) of the Energy Policy and Conservation Act ( 42 U.S.C. 6241(a) ) is amended by inserting and section 164 before the period at the end. The table of contents for the Energy Policy and Conservation Act is amended by inserting after the item relating to section 163 the following: Sec. 164. Prohibition on exports. .

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Sec. 3

Strategic Petroleum Reserve levels and emergency sales

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