,i #aag? ,,congress #b;d ,session ,h4 ,r4 #hgff ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #b1 #bjbb,mr4 ,*abot introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,en]gy & ,comm]ce1 & 9 addition to ! ,committees on ,transportation & ,infra/ructure1 ,natural ,res\rces1 & ,ov]sight & ,re=m1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to require ! ,secret>y ( ,en]gy to conduct /udies relat+ to ,/rategic ,petroleum ,res]ve levels1 to am5d ! ,en]gy ,policy & ,cons]vation ,act ) respect to su* ,res]ve1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,res]v+ ,en]gy ,= ,indep5d5ce & ,emp[]m5t ,act or ! ,,ref9e ,act4 #b4 ,f9d+s2 s5se ( ,congress 7a7 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,! ,/rategic ,petroleum ,res]ve 0 creat$ ?r\gh ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbca et seq47 to address sev]e en]gy supply int]ruptions & provid$ ! executive bran* au?ority to draw d[n ^! res]ves provid$ t specific conditions are met4 7#b7 ,accord+ to ! ,u4,s4 ,en]gy ,in=mation ,adm9i/ration's ,annual ,en]gy ,outlook #bjbb1 petroleum & natural gas w rema9 ! mo/-consum$ s\rces ( en]gy 9 ! ,unit$ ,/ates ?r\gh #bjej4 7#c7 ,z ( ,augu/ #ai1 #bjbb1 ! ,/rategic ,petroleum ,res]ve fell to #dec4a million b>rels1 f a maximum capacity ( #gad million b>rels1 :i* is ! l[e/ level s9ce #aihe4 7#d7 ,em]g5cy sales 9 #bjbb f ! ,/rategic ,petroleum ,res]ve 7 pur*as$ by ,unipec1 a subsidi>y ( ,*9ese oil giant ,s9opec1 & deliv]$ to ! ,p's ,republic ( ,*9a1 ! pr9ciple /rategic competitor to ! ,unit$ ,/ates4 7b7 ,s5se ( ,congress ,x is ! s5se ( ,congress t-- 7#a7 cont9u+ to limit en]gy production 9 ! ,unit$ ,/ates w only provide fur!r lev]age & fund+ = our adv]s>ies & cont9ue to weak5 global security2 & 7#b7 ! en]gy indep5d5ce ( ! ,unit$ ,/ates is critical to national security & %\ld include ! production ( all available en]gy s\rces1 includ+ coal1 natural gas1 oil1 nucle>1 & r5ewables1 z well z /rategic m9]als critical to electric vehicles & o!r clean en]gy s\rces4 #c4 ,/rategic ,petroleum ,res]ve levels & em]g5cy sales 7a7 ,/udies & assessm5t 7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,en]gy %all submit to ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives & ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate a report conta9+-- 7,a7 ! results ( a /udy ( metrics t may be us$ = det]m9+ ! adequacy ( ! am\nts ( petroleum products /or$ 9 ! ,/rategic ,petroleum ,res]ve to support ,unit$ ,/ates en]gy security objectives1 tak+ into consid]ation gross crude oil imports1 net crude oil imports1 & ref9+ capacity & utilization1 & a det]m9ation ( :i* su* metrics are ! mo/ appropriate = su* purpose2 7,b7 ! results ( a /udy & analysis ( dome/ic crude oil ref9+ capacity 7includ+ te*nical configuration ( ref9]ies1 d[n/ream *>ge capacity1 & atmosph]ic crude di/illation units7 & issues relat+ to ag+ infra/ructure t w\ld inhibit ! ability to meet production dem&1 & any recomm5dations = improvem5ts2 & 7,c7 an assessm5t ( acquisition proc$ures & id5tification ( any provisions ( ,f$]al law or regulation t ei!r limit or prohibit accel]at$ repl5i%m5t ( ! ,/rategic ,petroleum ,res]ve necess>y to ma9ta9 & support ,unit$ ,/ates en]gy security objectives4 7#b7 ,=m ,! report requir$ by p>agraph 7#a7 %all be submitt$ 9 unclassifi$ =m1 b may conta9 a classifi$ annex4 7b7 ,prohibition 7#a7 ,9 g5]al ,! ,en]gy ,policy & ,cons]vation ,act is am5d$ by ins]t+ aft] section #afc 7#db ,u4,s4,c4 #fbdc7 ! foll[+3 #afd4 ,prohibition on exports 7a7 ,9 g5]al ,not)/&+ section #aja7;b7 ( division ,o ( ! ,consolidat$ ,appropriations ,act1 #bjaf 7#db ,u4,s4,c4 #fbab;a7b771 ! ,secret>y %all issue regulations prohibit+ ! export ( petroleum products drawn d[n & sold f ! ,/rategic ,petroleum ,res]ve to-- 7#a7 any c\ntry t is-- 7,a7 subject to a ,unit$ ,/ates arms emb>go1 z specifi$ 9 li/ ,d3#e ( ,c\ntry ,gr\p ,d 9 ,supplem5t ,no4 #a to "p #gdj ( title #ae1 ,code ( ,f$]al ,regulations2 or 7,b7 a /ate sponsor ( t]rorism2 & 7#b7 any entity t is :olly or p>tially own$ by ! ,p's ,republic ( ,*9a4 7b7 ,def9ition ,9 ?is section1 ! t]m /ate sponsor ( t]rorism means a c\ntry ! gov]nm5t ( :i* has repeat$ly provid$ support = int]national t]rorism pursuant to-- 7#a7 section #aged7;c77#a77;,a7 ( ! ,export ,control ,re=m ,act ( #bjah 7#ej ,u4,s4,c4 #dhac7;c77#a77;,a772 7#b7 section #fbj;,a ( ! ,=eign ,assi/ance ,act ( #aifa 7#bb ,u4,s4,c4 #bcga72 7#c7 section #dj ( ! ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bghj72 or 7#d7 any o!r applicable provision ( law4 4 7#b7 ,con=m+ am5dm5ts 7,a7 ,drawd[n & sale ( petroleum products ,section #afa7;a7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbda7;a77 is am5d$ by ins]t+ & section #afd be=e ! p]iod at ! end4 7,b7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,en]gy ,policy & ,cons]vation ,act is am5d$ by ins]t+ aft] ! item relat+ to section #afc ! foll[+3 ,sec4 #afd4 ,prohibition on exports4 4 #d4 ,dome/ic production response plan ,section #afa ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbda7 is am5d$ by add+ at ! end ! foll[+3 7k7 ,plan 7#a7 ,9 g5]al ,except 9 ! case ( a sev]e en]gy supply int]ruption describ$ 9 subsection 7d71 ! ,secret>y may n execute ! fir/ drawd[n ( petroleum products 9 ! ,res]ve aft] ! date ( enactm5t ( ?is subsection1 :e!r ?r\gh sale1 ex*ange1 or loan1 until ! ,secret>y has develop$ a plan to increase ! p]c5tage ( ,f$]al l& 7includ+ subm]g$ l& ( ! out] ,cont95tal ,%elf7 "u ! jurisdiction ( ! ,secret>y ( ,agriculture1 ! ,secret>y ( ,en]gy1 ! ,secret>y ( ! ,int]ior1 & ! ,secret>y ( ,def5se leas$ = oil & gas production by ! same p]c5tage z ! p]c5tage ( petroleum 9 ! ,/rategic ,petroleum ,res]ve t is to be drawn d[n 9 t fir/ drawd[n & subsequ5t drawd[ns4 7#b7 ,consultation ,! ,secret>y %all prep>e ! plan "u p>agraph 7#a7 9 consultation ) ! ,secret>y ( ,agriculture1 ! ,secret>y ( ! ,int]ior1 & ! ,secret>y ( ,def5se4 4 #e4 ,executive & ag5cy action ,on ! date ( enactm5t ( ?is ,act1 ! ,presid5t %all-- 7#a7 resc9d ,executive ,ord] #aciij 7#hf ,f$4 ,reg4 #gjcg2 relat+ to protect+ public heal? & ! environm5t & re/or+ sci5ce to tackle ! climate crisis72 & 7#b7 direct ea* ,f$]al ag5cy 7includ+ ! ,c\ncil on ,environm5tal ,quality7 to1 n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act-- 7,a7 id5tify & repeal any regulation promulgat$ by ! ,f$]al ag5cy t has ! int5t or effect ( sub/antially r$uc+ ! en]gy indep5d5ce ( ! ,unit$ ,/ates2 & 7,b7 issues regulations & guidance to-- 7i7 r$uce ! regulatory burd5 = en]gy produc]s 9 ! ,unit$ ,/ates2 & 7ii7 increase ! en]gy output by ^? produc]s4