,,ii #aad? ,,congress #a/ ,session ,s4 #abca ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #f1 #bjae ,ms4 ,murk[ski introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,en]gy & ,natural ,res\rces ,a ,,bill ,to require congressional notification = c]ta9 ,/rategic ,petroleum ,res]ve op]ations & to det]m9e options available = ! cont9u$ op]ation ( ! ,/rategic ,petroleum ,res]ve4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/rategic ,petroleum ,res]ve ,mod]nization ,act ( #bjae4 #b4 ,/rategic ,petroleum ,res]ve te/ drawd[n & sale notification ,section #afa7;g7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbda7;g77 is am5d$ by /rik+ p>agraph 7#h7 & ins]t+ ! foll[+3 7#h7 ,notice to congress 7,a7 ,prior notice ,n less ?an #cj days be=e ! date on :i* a te/ is c>ri$ out "u ?is subsection1 ! ,secret>y %all notify bo? ,h\ses ( ,congress ( ! te/4 7,b7 ,detail$ description 7i7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date on :i* a te/ is complet$ "u ?is subsection1 ! ,secret>y %all submit to bo? ,h\ses ( ,congress a detail$ description ( ! te/4 7ii7 ,report ,a detail$ description submitt$ "u clause 7i7 may be includ$ z "p ( a report made to ! ,presid5t & ,congress "u section #afe4 4 #c4 ,/rategic ,petroleum ,res]ve /udy 7a7 ,/udy ,z soon z practicable aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,en]gy 7ref]r$ to 9 ?is ,act z ! ,secret>y7 %all conduct a /udy t-- 7#a7 evaluates ! int]national obligations t gave rise to ! e/abli%m5t & ma9t5ance ( ! ,/rategic ,petroleum ,res]ve e/abli%$ "u "p ,b ( title ,i ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbca et seq472 7#b7 analyzes *anges t h occurr$ 9 en]gy security infra/ructure s9ce ! e/abli%m5t ( ! ,/rategic ,petroleum ,res]ve1 includ+ *anges 9 ! di/ribution infra/ructure & ! integrity ( ! salt cav]ns associat$ ) ! ,/rategic ,petroleum ,res]ve2 7#c7 e/imates ! co/s ( complet+ def]r$ ma9t5ance = ! ,/rategic ,petroleum ,res]ve2 7#d7 e/imates ! co/s ( life ext5sion sp5d+ t is requir$ = ,/rategic ,petroleum ,res]ve infra/ructure t is ne>+ ! end ( ! design life ( ! infra/ructure2 & 7#e7 evaluates ! size ( ! ,/rategic ,petroleum ,res]ve z ( ! date ( ! /udy1 bas$ on curr5t & project$ supply & dem& = oil4 7b7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all submit to ! appropriate committees ( ,congress a report t describes-- 7#a7 ! results ( ! /udy "u subsection 7a72 7#b7 ! co/s associat$ ) ma9ta9+ ! ,/rategic ,petroleum ,res]ve2 7#c7 ! co/s associat$ ) ext5d+ ! op]at+ life ( ! ,/rategic ,petroleum ,res]ve2 & 7#d7 co/-effective options =1 alt]natives to1 or /ructural modifications ( ! ,/rategic ,petroleum ,res]ve t w\ld adh]e to1 & acc\nt =1 ! int]national obligations evaluat$ "u subsection 7a77#a74