,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gifc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #g1 #bjbb,mr4   
,e/es introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,en]gy &      
,comm]ce  ,a ,,bill  ,to repl5i% !      
,/rategic ,petroleum ,res]ve1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,/rategic ,petroleum       
,res]ve ,repl5i%m5t ,act4  #b4 ,f9d+s   
,congress f9ds ! foll[+3 7#a7 ,on ,may  
#e1 #bjbb1 ! ,dep>tm5t ( ,en]gy ann\nc$ 
a long-t]m repl5i%m5t plan = ! ,/rategic
 ,petroleum ,res]ve "u :i* ! ,dep>tm5t  
int5ds to beg9 a rule-mak+ proce$+ to   
consid] broad5+ ,,doe's buyback         
regulations to all[ = a competitive1    
fix$-price bid process z an alt]native  
to ! index-pric+ t is traditionally us$4
  7#b7 ,su* fix$-price bid process is n 
a traditional me*anism us$ by oil       
trad]s4  #c4 ,repl5i%+ ! ,/rategic      
,petroleum ,res]ve  7a7 ,9 g5]al        
,subject to ! provisions ( section #afj 
( ! ,en]gy ,policy & ,cons]vation ,act  

7#db ,u4,s4,c4 #fbdj7 & ! availability (
 appropriations = su* purpose1 !        
,secret>y ( ,en]gy %all acquire1 by     
pur*ase1 ex*ange1 or o!rwise1 a m9imum (
 #c1fjj1jjj b>rels ( petroleum products 
= /orage 9 ! ,/rategic ,petroleum       
,res]ve p] mon? dur+ ! p]iod t-- 7#a7   
beg9s on ! date t is ! fir/ day ( ! mon?
 foll[+ ! date t ! ,secret>y ( ,en]gy   
det]m9es is ! fir/ date aft] ! date (   
enactm5t ( ?is ,act t ! ,we/ ,texas     
,int]m$iate spot price p] b>rel has be5 
#ij or less = a p]iod ( #ajj consecutive
 days2 &  7#b7 ends on ! date t !       
,secret>y ( ,en]gy det]m9es is ! fir/   
date aft] ! date ( enactm5t ( ?is ,act t
 ! ,/rategic ,petroleum ,res]ve /ores at
 lea/ #gaj1jjj1jjj b>rels ( petroleum   
products4  7b7 ,use ( index-,bas$ pric+ 
,9 pur*as+ petroleum products pursuant  
to ?is ,act1 ! ,secret>y ( ,en]gy %all  
use an index-bas$ bidd+ process4  7c7   
,treatm5t z additional acquisitions ,any
 acquisition ( petroleum products made  
pursuant to ?is ,act %all be 9 addition 

to 7& n 9 lieu (7 acquisitions (        
petroleum products ! ,secret>y ( ,en]gy 
w\ld o!rwise make pursuant to "p ,b ( ! 
,en]gy ,policy & ,cons]vation ,act 7#db 
,u4,s4,c4 #fbca et seq474