,,ii #aah? ,,congress #a/ ,session ,s4 #ccg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,febru>y #i1 #bjbc,mr4 ,sullivan introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,en]gy & ,natural ,res\rces ,a ,,bill ,to am5d ! ,en]gy ,policy & ,cons]vation ,act to require t ! ,/rategic ,petroleum ,res]ve conta9 petroleum products produc$ or ref9$ 9 ! ,unit$ ,/ates1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,repl5i%+ ,our ,am]ican ,res]ves ,act or ! ,,ro> ,act4 #b4 ,prioritiz+ dome/ic petroleum products = refill ( ! ,/rategic ,petroleum ,res]ve 7a7 ,9 g5]al ,section #afj7;c7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbdj7;c77 is am5d$-- 7#a7 9 ! fir/ s5t5ce ( ! matt] prec$+ p>agraph 7#a71 by ins]t+ products aft] petroleum2 7#b7 9 p>agraph 7#e71 by /rik+ & aft] ! semicolon2 7#c7 by r$esignat+ p>agraph 7#f7 z p>agraph 7#g72 & 7#d7 by ins]t+ aft] p>agraph 7#e7 ! foll[+3 7#f7 effective on ! date ( enactm5t ( ! ,,ro> ,act1 ensure t only petroleum products t h be5 produc$ or ref9$ 9 ! ,unit$ ,/ates are acquir$ & inject$ into ! ,res]ve2 & 4 7b7 ,regulation ,updates ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,en]gy %all promulgate appropriate regulations to update proc$ures = ! acquisition ( petroleum products = ! ,/rategic ,petroleum ,res]ve 9 accordance ) ! am5dm5ts made by ?is section4 #c4 ,limitation on ! import ( petroleum products f c]ta9 c\ntries 7a7 ,9 g5]al ,section #afj ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbdj7 is am5d$-- 7#a7 by r$esignat+ subsections 7f7 & 7h7 z subsections 7d7 & 7e71 respectively2 & 7#b7 by add+ at ! end ! foll[+3 7f7 ,limitation on fill+ ! ,/rategic ,petroleum ,res]ve 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,cov]$ c\ntry ,! t]m cov]$ c\ntry means-- 7i7 ,alg]ia2 7ii7 ,angola2 7iii7 ,! ,democratic ,republic ( ! ,congo2 7iv7 ,equatorial ,gu9ea2 7v7 ,gabon2 7vi7 ,iran2 7vii7 ,iraq2 7viii7 ,kuwait2 7ix7 ,libya2 7x7 ,nig]ia2 7xi7 ,! ,p's ,republic ( ,*9a2 7xii7 ,! ,russian ,f$]ation2 7xiii7 ,saudi ,arabia2 7xiv7 ,unit$ ,arab ,emirates2 & 7xv7 ,v5ezuela4 7,b7 ,production ,! t]m production1 ) respect to a petroleum product1 does n include ! ref9+ ( t petroleum product4 7#b7 ,limitation ,! ,/rategic ,petroleum ,res]ve may n be fill$ ) a petroleum product import$ f-- 7,a7 a cov]$ c\ntry2 or 7,b7 a =eign c\ntry o!r ?an a cov]$ c\ntry1 unless ! ,secret>y submits to ,congress a c]tification t all means ( increas+ production ( petroleum products 9 ! ,unit$ ,/ates has be5 exhau/$1 includ+-- 7i7 increas+ ! availability ( ,f$]al l& = leas+2 & 7ii7 increas+ ! numb] ( applications = p]mits to drill2 & 7#c7 ,consultation ,9 c>ry+ out p>agraph 7#b71 ! ,secret>y %all consult )-- 7,a7 ! ,secret>y ( ,agriculture2 7,b7 ! ,secret>y ( ! ,int]ior2 & 7,c7 ! ,secret>y ( ,def5se4 4 7b7 ,con=m+ am5dm5ts ,section #afg ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbdg7 is am5d$-- 7#a7 9 subsection 7b77#c71 by /rik+ section #afj7;f7 & ins]t+ section #afj7;d72 & 7#b7 9 subsection 7d71 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ section #afj7;f7 & ins]t+ section #afj7;d74 #d4 ,prohibition on export & sale ( ,/rategic ,petroleum ,res]ve products ,section #afa7;i7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbda7;i77 is am5d$-- 7#a7 by /rik+ 7i7 ,not)/&+ any o!r law & ins]t+ ! foll[+3 7i7 ,ref9e or ex*ange outside ! ,unit$ ,/ates 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law & subject to p>agraphs 7#b7 & 7#c7 2 & 7#b7 by ins]t+ aft] p>agraph 7#a7 7z s designat$7 ! foll[+3 7#b7 ,prohibition on export ( /rategic petroleum res]ve petroleum products ,not)/&+ any o!r provision ( law1 ) respect to ! drawd[n & sale at auction ( petroleum products f ! ,/rategic ,petroleum ,res]ve "u ?is section aft] ! date ( enactm5t ( ?is p>agraph1 ! ,secret>y %all require z a condition ( ! sale t ! petroleum products %all n be export$ to a c\ntry t is designat$ z a c\ntry ( p>ticul> conc]n = religi\s fre$om "u section #djb7;b77#a77;,a77ii7 ( ! ,int]national ,religi\s ,fre$om ,act ( #aiih 7#bb ,u4,s4,c4 #fddb7;b77#a77;,a77ii774 7#c7 ,requirem5ts applicable to c]ta9 /ate-own$ entities ,not)/&+ any o!r provision ( law1 ) respect to ! drawd[n & sale at auction ( petroleum products f ! ,/rategic ,petroleum ,res]ve "u ?is section aft] ! date ( enactm5t ( ?is p>agraph1 if ! ,secret>y det]m9es t !re is 9 effect a ,unit$ ,/ates ban on1 or ! imposition ( sanctions by ! ,unit$ ,/ates ) respect to1 ! pur*ase ( crude oil f #a or m c\ntries1 ! ,secret>y %all n sell petroleum products to a ,/ate-own$ entity p>ticipat+ 9 ! auction unless t ,/ate-own$ entity submits to ! ,secret>y a c]tification t ! ,/ate-own$ entity has n pur*as$ any petroleum products f a c\ntry subject to su* a ban or sanctions aft] ! date t is #ae days aft] ! date on :i* ! ban or sanctions took effect4 4 #e4 ,/udy on ,remote ,crude ,oil & ,natural ,gas ,res]ve 7a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,en]gy %all prep>e & submit to ,congress a report reg>d+ ! feasibility ( e/abli%+ a res]ve1 to be kn[n z ! ,remote ,crude ,oil & ,natural ,gas ,res]ve1 subject to subsections 7b7 & 7c71 consi/+ ( crude oil & natural gas to be acquir$ & /or$ by ! ,unit$ ,/ates1 9 place1 pursuant to a contract or o!r agreem5t or arrangem5t betwe5 ! ,unit$ ,/ates & an individual or entity t discov]$ ! oil or gas 9 a remote area describ$ 9 subsection 7c74 7b7 ,purpose ,! purpose ( ! ,remote ,crude ,oil & ,natural ,gas ,res]ve %all be-- 7#a7 consi/5t ) ! purposes describ$ 9 section #b ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbja72 & 7#b7 to ensure-- 7,a7 ! long-t]m capability to increase ! en]gy supply ( ! ,unit$ ,/ates & allies ( ! ,unit$ ,/ates2 & 7,b7 to ! maximum ext5t practicable1 t en]gy co/s rema9 af=dable = ,unit$ ,/ates consum]s4 7c7 ,locations ,! ,remote ,crude ,oil & ,natural ,gas ,res]ve %all include facilities locat$ 91 z applicable-- 7#a7 ! ,/ate ( ,alaska2 & 7#b7 any o!r area ( ! ,unit$ ,/ates 9 close proximity to a qualifi$ opportunity zone designat$ "u section #adjj,z-#a ( ! ,int]nal ,rev5ue ,code ( #aihf4