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Code · STATUTE-COMPILATIONS · Fixing America’s Surface Transportation Act · Sec. 32204

Sec. 32204. STRATEGIC PETROLEUM RESERVE DRAWDOWN AND SALE

274 words·~1 min read·/statute-compilations/comps-13423/sec-32204

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## SEC. 32204 STRATEGIC PETROLEUM RESERVE DRAWDOWN AND SALE **[**[42 U.S.C. 6241 note](/us/usc/t42/s6241)**]** ###
(a)Drawdown and Sale ####
(1)In general Notwithstanding section 161 of the Energy Policy and Conservation Act (42 U.S.C. 6241), except as provided in subsections
(b)and (c), the Secretary of Energy shall drawdown and sell from the Strategic Petroleum Reserve— #####
(A)the quantity of barrels of crude oil that the Secretary of Energy determines to be appropriate to maximize the financial return to United States taxpayers for each of fiscal years 2016 and 2017; and #####
(B)16,000,000 barrels of crude oil during fiscal year 2023. ####
(2)Deposit of amounts received from sale Amounts received from a sale under paragraph
(1)shall be deposited in the general fund of the Treasury during the fiscal year in which the sale occurs. ###
(b)Emergency Protection The Secretary shall not draw down and sell crude oil under this section in quantities that would limit the authority to sell petroleum products under section 161(h) of the Energy Policy and Conservation Act (42 U.S.C. 6241(h)) in the full quantity authorized by that subsection. ###
(c)Increase; Limitation ####
(1)Increase The Secretary of Energy may increase the drawdown and sales under subparagraphs
(A)through
(I)of subsection (a)(1) as the Secretary of Energy determines to be appropriate to maximize the financial return to United States taxpayers. ####
(2)Limitation The Secretary of Energy shall not drawdown or conduct sales of crude oil under this section after the date on which a total of $6,200,000,000 has been deposited in the general fund of the Treasury from sales authorized under this section.
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Sec. 32204
STRATEGIC PETROLEUM RESERVE DRAWDOWN AND SALE
U.S.C.§ 6241
Cites 1Cited by 0 across 0 sources
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