,i  #aagth ,,congress  #b;d ,session    
,h4 ,r4 #gifc  ,,in ,,the ,,house ,,of  
,,representatives  ,june #g1 #bjbb,mr4  
,estes introduced the following bill2   
which was referred to the ,committee on 
,energy and ,commerce  ,a ,,bill  ,to   
replenish the ,strategic ,petroleum     
,reserve1 and for other purposes4  #a4  
,short title ,this ,act may be cited as 
the ,strategic ,petroleum ,reserve      
,replenishment ,act4  #b4 ,findings     
,congress finds the following3 7#a7 ,on 
,may #e1 #bjbb1 the ,department of      
,energy announced a long-term           
replenishment plan for the ,strategic   
,petroleum ,reserve under which the     
,department intends to begin a          
rule-making proceeding to consider      
broadening ,,doe's buyback regulations  
to allow for a competitive1 fixed-price 
bid process as an alternative to the    
index-pricing that is traditionally     
used4  7#b7 ,such fixed-price bid       
process is not a traditional mechanism  
used by oil traders4  #c4 ,replenishing 

the ,strategic ,petroleum ,reserve  7a7 
,in general ,subject to the provisions  
of section #afj of the ,energy ,policy  
and ,conservation ,act 7#db ,u4,s4,c4   
#fbdj7 and the availability of          
appropriations for such purpose1 the    
,secretary of ,energy shall acquire1 by 
purchase1 exchange1 or otherwise1 a     
minimum of #c1fjj1jjj barrels of        
petroleum products for storage in the   
,strategic ,petroleum ,reserve per month
 during the period that-- 7#a7 begins on
 the date that is the first day of the  
month following the date that the       
,secretary of ,energy determines is the 
first date after the date of enactment  
of this ,act that the ,west ,texas      
,intermediate spot price per barrel has 
been #ij or less for a period of #ajj   
consecutive days2 and  7#b7 ends on the 
date that the ,secretary of ,energy     
determines is the first date after the  
date of enactment of this ,act that the 
,strategic ,petroleum ,reserve stores at
 least #gaj1jjj1jjj barrels of petroleum

 products4  7b7 ,use of index-,based    
pricing ,in purchasing petroleum        
products pursuant to this ,act1 the     
,secretary of ,energy shall use an      
index-based bidding process4  7c7       
,treatment as additional acquisitions   
,any acquisition of petroleum products  
made pursuant to this ,act shall be in  
addition to 7and not in lieu of7        
acquisitions of petroleum products the  
,secretary of ,energy would otherwise   
make pursuant to part ,b of the ,energy 
,policy and ,conservation ,act 7#db     
,u4,s4,c4 #fbca et seq474