H.R. 6511: Strategic Petroleum Reserve Reform Act
CBO Score
$300 million
Documentation
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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