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Code · BILL · 117th Congress · H.R. 8989 (Introduced in House) — To lower consumer fuel prices, and for other purposes. · Sec. 301

Sec. 301. Assistance for Western Hemisphere refineries

329 words·~1 min read·/bill/117/hr/8989/ih/section-301

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The Secretary of Energy shall establish and carry out a program to increase the amount of crude oil refined in oil refineries located in covered countries by— developing, producing, or procuring resources, materials, or equipment that can be used at such oil refineries to increase the amount of crude oil refined at such oil refineries; providing to covered entities, under such terms and conditions as the Secretary of Energy determines appropriate, resources, materials, or equipment that can be used at such oil refineries to increase the amount of crude oil refined at such oil refineries; issuing grants, loans, or loan guarantees to covered entities, under such terms and conditions as the Secretary of Energy determines appropriate, to carry out projects in covered countries that can increase the amount of crude oil refined in such oil refineries; and providing technical assistance to covered entities, as the Secretary of Energy determines necessary to increase the amount of crude oil refined in such oil refineries.
The Secretary of Energy may partner with other Federal agencies to carry out the program established under subsection (a). In carrying out the program established under subsection (a), the Secretary of Energy may enter into one or more agreements directly with third parties under such terms and conditions as the Secretary of Energy determines appropriate. In this section: The term covered country means a foreign country located in the Western Hemisphere, other than Venezuela, with respect to which the Secretary of State, in consultation with the Secretary of Defense and the Secretary of Energy, determines that increased crude oil refining in that country would promote the national security and economic interests of the United States.
The term covered entity means a covered country or a third party that owns or operates an oil refinery located in a covered country. There is authorized to be appropriated to the Secretary of Energy to carry out this section $90,000,000 for fiscal year 2022, to remain available until September 30, 2024.
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