Sec. 2. Compensatory production increase plan
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Section 161 of the Energy Policy and Conservation Act ( 42 U.S.C. 6241 ) is amended by adding at the end the following new subsection: Except in the case of a severe energy supply interruption described in subsection (d), the Secretary may not execute the first drawdown of petroleum products in the Reserve after the date of enactment of this subsection, whether through sale, exchange, or loan, until the Secretary has developed and submitted to Congress a plan to increase the percentage of Federal lands (including submerged lands of the Outer Continental Shelf) under the jurisdiction of the Secretary of Agriculture, the Secretary of Energy, the Secretary of the Interior, and the Secretary of Defense leased for oil and gas production by the same percentage as the percentage of petroleum in the Strategic Petroleum Reserve that has been drawn down during the period beginning January 21, 2021, and ending on the date of enactment of this Act, and that is to be drawn down in that first and subsequent drawdowns, subject to the limitation under paragraph (2).
The plan required by paragraph
(1)shall not provide for— a total increase in the percentage of Federal lands described in paragraph
(1)leased for oil and gas production in excess of 15 percent; or the financial benefit or participation of any entity that has a contractual relationship with, or is owned, controlled, or under the influence of, a foreign entity of concern. In this paragraph, the term foreign entity of concern means— the People’s Republic of China; the Democratic People’s Republic of Korea; the Russian Federation; the Islamic Republic of Iran; and any other country the government of which is subject to sanctions imposed by the United States. The Secretary shall, in consultation with the Secretary of Agriculture, the Secretary of the Interior, and the Secretary of Defense— prepare the plan required by paragraph (1); and ensure such plan will not result in the sale of petroleum products drawn down from the Reserve to Iran, China, North Korea, or Russia. The Secretary shall submit the plan developed under paragraph
(1)to the Committees on Armed Services, Agriculture, Energy and Commerce, and Natural Resources of the House of Representatives and the Committees on Energy and Natural Resources, Environment and Public Works, Armed Services, and Agriculture, Nutrition, and Forestry of the Senate. As part of the plan developed under paragraph (1), the Secretary shall identify areas to lease within the approximately 224,793.73 acres, including approximately 200,518.28 acres of National Forest System lands, approximately 15,464.99 acres of public lands, and approximately 8,810.46 acres of reserved Federal mineral interest within the Thompson Divide area in Colorado. The plan required by paragraph
(1)shall include a list of parcels planned to be offered for lease, including, for each such parcel— the size of the parcel, by acre; the location of the parcel; and any permits and approvals necessary to access the parcel and produce oil and gas on the parcel. .
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Sec. 2
Compensatory production increase plan
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