Sec. 107. Strategic Petroleum Reserve drawdown and sale

710 words·~3 min read·/bill/117/hr/8989/ih/section-107·

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Section 403 of the Bipartisan Budget Act of 2015 ( Public Law 114–74 ; 129 Stat. 589) is amended— in subsection (a)— in paragraph (6), by striking during and inserting by the end of ; in paragraph (7), by striking during and inserting by the end of ; and in paragraph (8), by striking during and inserting by the end of ; and by adding at the end the following: Any sale required by paragraph (6), (7), or

(8)of subsection

(a)may be deferred, in whole or in part, to not later than the end of fiscal year 2032, as determined appropriate by the Secretary. In determining the timing of each draw down and sale from the Strategic Petroleum Reserve under this section, to the maximum extent practicable, the Secretary shall maximize the financial return to the United States taxpayers. . Section 32204 of the FAST Act ( Public Law 114–94 ; 129 Stat. 1740) is amended— in subsection (a)— in paragraph (1)— in subparagraph (B), by striking during and inserting by the end of ; in subparagraph (C), by striking during and inserting by the end of ; and in subparagraph (D), by striking during and inserting by the end of ; in paragraph (2), by striking paragraph

(1)and inserting this section ; and by adding at the end the following: Any sale required by subparagraph (B), (C), or

(D)of paragraph

(c)Increase; Limitation The Secretary of Energy shall not and inserting the following: The Secretary of Energy shall not . Section 20003(a) of Public Law 115–97 (131 Stat. 2237) is amended— in paragraph (1), by striking during the period of fiscal years 2026 through 2027 and inserting by the end of fiscal year 2027 ; and by adding at the end the following: In determining the timing of each draw down and sale from the Strategic Petroleum Reserve under this section, to the maximum extent practicable, the Secretary shall maximize the financial return to the United States taxpayers. . Section 30204(a) of the Bipartisan Budget Act of 2018 ( Public Law 115–123 ; 132 Stat. 126) is amended— in paragraph (1)— in subparagraph (B), by striking during and inserting by the end of ; and in subparagraph (C), by striking during and inserting by the end of ; in paragraph (2), by striking paragraph

(1)and inserting this section ; and by adding at the end the following: Any sale required by subparagraph

(B)or

(C)of paragraph

(1)may be deferred, in whole or in part, to not later than the end of fiscal year 2032, as determined appropriate by the Secretary. In determining the timing of each draw down and sale from the Strategic Petroleum Reserve under this section, to the maximum extent practicable, the Secretary shall maximize the financial return to the United States taxpayers. . Section 3009(a) of America’s Water Infrastructure Act of 2018 ( Public Law 115–270 ; 132 Stat. 3870) is amended— in paragraph (1), by striking during and inserting by the end of ; and by adding at the end the following: In determining the timing of each draw down and sale from the Strategic Petroleum Reserve under this section, to the maximum extent practicable, the Secretary shall maximize the financial return to the United States taxpayers. . Section 90002(a) of the Infrastructure Investment and Jobs Act ( Public Law 117–58 ; 135 Stat. 1342) is amended— in paragraph (1), by striking during the period of fiscal years 2028 through 2031 and inserting by the end of fiscal year 2032 ; and by amending paragraph

(2)to read as follows: In determining the timing of each draw down and sale from the Strategic Petroleum Reserve under this section, to the maximum extent practicable, the Secretary shall maximize the financial return to the United States taxpayers. .

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