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Strategic Petroleum Reserve Reform Act

USA116th CongressS-3816| Senate 
| Updated: 5/21/2020
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Energy and Natural Resources Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Strategic Petroleum Reserve Reform Act This bill revises requirements for the Strategic Petroleum Reserve to address underused storage facilities. Specifically, the bill authorizes the Department of Energy (DOE) to lease such storage facilities to private entities. Currently, DOE may only lease these storage facilities to foreign governments. DOE must ensure that leasing of facilities to foreign governments will not impair national security. In addition, DOE must conduct a program to lease storage capacity for up to 200 million barrels of petroleum products at storage facilities of the Strategic Petroleum Reserve and related facilities.
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Timeline
May 21, 2020
Introduced in Senate
May 21, 2020
Read twice and referred to the Committee on Energy and Natural Resources.
May 26, 2020

Latest Companion Bill Action

HR 116-7019
Introduced in House
  • May 21, 2020
    Introduced in Senate


  • May 21, 2020
    Read twice and referred to the Committee on Energy and Natural Resources.


  • May 26, 2020

    Latest Companion Bill Action

    HR 116-7019
    Introduced in House

Energy

Congressional oversightEnergy storage, supplies, demandEnvironmental assessment, monitoring, researchLease and rental servicesOil and gasStrategic materials and reserves

Strategic Petroleum Reserve Reform Act

USA116th CongressS-3816| Senate 
| Updated: 5/21/2020
Strategic Petroleum Reserve Reform Act This bill revises requirements for the Strategic Petroleum Reserve to address underused storage facilities. Specifically, the bill authorizes the Department of Energy (DOE) to lease such storage facilities to private entities. Currently, DOE may only lease these storage facilities to foreign governments. DOE must ensure that leasing of facilities to foreign governments will not impair national security. In addition, DOE must conduct a program to lease storage capacity for up to 200 million barrels of petroleum products at storage facilities of the Strategic Petroleum Reserve and related facilities.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 21, 2020
Introduced in Senate
May 21, 2020
Read twice and referred to the Committee on Energy and Natural Resources.
May 26, 2020

Latest Companion Bill Action

HR 116-7019
Introduced in House
  • May 21, 2020
    Introduced in Senate


  • May 21, 2020
    Read twice and referred to the Committee on Energy and Natural Resources.


  • May 26, 2020

    Latest Companion Bill Action

    HR 116-7019
    Introduced in House
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Energy and Natural Resources Committee

Energy

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightEnergy storage, supplies, demandEnvironmental assessment, monitoring, researchLease and rental servicesOil and gasStrategic materials and reserves