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H.R. 6511: Strategic Petroleum Reserve Reform Act

CBO Score

$300 million

Date of Report

Fri December 7th, 2018

CBO Report Details

Legislation Details

115th Congress

To authorize the Secretary of Energy to carry out a program to lease underutilized Strategic Petroleum Reserve facilities, and for other purposes.

Sponsor: Rep. Joe Barton — R — TX

Strategic Petroleum Reserve Reform Act (Sec.2)This bill amends the Energy Policy and Conservation Act to authorize the Department of Energy (DOE)to lease underutilized Strategic Petroleum Reserve storage facilities to private entities. Currently, DOE may only lease these storage facilities to foreign governments. (Sec.3)DOE must conduct a pilot program to lease underutilized storage facilities. The program must make available capacity for storage of up to 200 million barrels of petroleum pro...

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