,,ii #aai? ,,congress #a/ ,session ,s4 #cdjg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #i1 #bjbe,mr4 ,curtis introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,en]gy & ,natural ,res\rces ,a ,,bill ,to direct ! ,secret>y ( ,en]gy to e/abli% a ,we/]n ,ref9$ ,fuel ,/orage ,res]ve z "p ( ! ,/rategic ,petroleum ,res]ve1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,we/]n ,ref9$ ,fuel ,res]ve ,act ( #bjbe4 #b4 ,we/]n ,ref9$ ,fuel ,/orage ,res]ve ,! ,en]gy ,policy & ,cons]vation ,act is am5d$ by ins]t+ aft] section #afc 7#db ,u4,s4,c4 #fbdc7 ! foll[+3 #afd4 ,we/]n ,ref9$ ,fuel ,/orage ,res]ve 7a7 ,def9itions ,9 ?is section3 7#a7 ,ref9$ ,fuel ,/orage ,res]ve ,! t]m ,ref9$ ,fuel ,/orage ,res]ve means a /orage facility t-- 7,a7 is a salt cav]n =mation2 & 7,b7 is capable ( /or+ ref9$ petroleum products4 7#b7 ,ref9$ petroleum product ,! t]m ref9$ petroleum product means gasol9e1 diesel1 & jet fuel4 7#c7 ,we/]n ,/ate ,! t]m ,we/]n ,/ate means ! ,/ates ( ,arizona1 ,cali=nia1 ,idaho1 ,montana1 ,nevada1 ,oregon1 ,utah1 & ,wa%+ton4 7b7 ,e/abli%m5t 7#a7 ,9 g5]al ,n lat] ?an #f mon?s aft] ! date ( enactm5t ( ! ,we/]n ,ref9$ ,fuel ,res]ve ,act ( #bjbe1 ! ,secret>y %all e/abli% a ,ref9$ ,fuel ,/orage ,res]ve = ! /orage ( ref9$ petroleum products z "p ( ! ,/rategic ,petroleum ,res]ve1 pursuant to-- 7,a7 ! au?ority ( ! ,secret>y "u section #aei7;f7 to address en]gy supply & transportation vuln]abilities 9 ,we/]n ,/ates1 9 accordance ) ,executive ,ord] #adaef 7#ij ,f$4 ,reg4 #hdcc2 relat+ to decl>+ a national en]gy em]g5cy72 & 7,b7 ?is ,act4 7#b7 ,requirem5ts 7,a7 ,id5tification & selection ,9 c>ry+ out p>agraph 7#a71 ! ,secret>y %all-- 7i7 id5tify exi/+ or pot5tial /orage locations 9 ,we/]n ,/ates suitable to e/abli% a ,ref9$ ,fuel ,/orage ,res]ve1 tak+ into acc\nt-- 7,i7 ! proximity ( exi/+ di/ribution sy/ems2 7,,ii7 areas ( ! ,unit$ ,/ates-- 7aa7 mo/ dep5d5t on import$ petroleum products2 & 7bb7 areas ( ! ,unit$ ,/ates mo/ likely to exp]i5ce %ortages ( ref9$ petroleum products2 7,,iii7 ! capability = exp$iti\s di/ribution ( ref9$ petroleum products f ! ,ref9$ ,fuel ,/orage ,res]ve to areas ( ! ,unit$ ,/ates describ$ 9 subclause 7,,ii72 & 7,,iv7 ! co/ ( e/abli%+ ! ,ref9$ ,fuel ,/orage ,res]ve-- 7aa7 9 ! applicable ,we/]n ,/ate2 & 7bb7 at ! applicable /orage location2 & 7ii7 select #a /orage location4 7,b7 ,exi/+ locations ,9 c>ry+ out subp>agraph 7,a71 ! ,secret>y %all1 to ! maximum ext5t practicable-- 7i7 id5tify locations suitable = ! ,ref9$ ,fuel ,/orage ,res]ve 9 ,we/]n ,/ates2 & 7ii7 ent] into a contractual arrangem5t ) a public or private entity = ! use & op]ation ( a public or private /orage location4 7c7 ,fill & ma9t5ance 7#a7 ,requirem5ts ,dur+ ! #e fiscal ye>s foll[+ ! date ( e/abli%m5t ( ! ,ref9$ ,fuel ,/orage ,res]ve "u subsection 7b77#a71 ! ,secret>y %all1 9 accordance ) p>agraph 7#b71 fill & ma9ta9 ! ,ref9$ ,fuel ,/orage ,res]ve at n less ?an #ge p]c5t ( ! m9imum capacity = ea* ref9$ petroleum product on an adju/$ annual basis us+-- 7,a7 am\nts appropriat$ by ,congress = acquisition1 by pur*ase1 ( petroleum products = /orage 9 ! ,/rategic ,petroleum ,res]ve2 & 7,b7 rev5ues f em]g5cy or te/ sales c>ri$ out pursuant to section #afa4 7#b7 ,m9imum capacity ,! m9imum capacity ( ! ,ref9$ ,fuel ,/orage ,res]ve is-- 7,a7 #e1jjj1jjj b>rels ( gasol9e2 7,b7 #c1jjj1jjj b>rels ( diesel2 & 7,c7 #b1jjj1jjj b>rels ( jet fuel4 7d7 ,drawd[n ,! ,secret>y may )draw ref9$ petroleum products /or$ 9 ! ,ref9$ ,fuel ,/orage ,res]ve to respond to em]g5cies1 supply disruptions1 or any o!r circum/ances consi/5t ) ! int5t ( ! ,/rategic ,petroleum ,res]ve or ! ne$s ( ,we/]n ,/ates4 7e7 ,/ate & local gov]nm5t /orage ,! ,secret>y %all1 z ! ,secret>y det]m9es appropriate1 pursue agreem5ts ) applicable ,we/]n ,/ate gov]nm5ts & local gov]nm5ts = /orage ( non-,f$]al petroleum products )9 ! ,ref9$ ,fuel ,/orage ,res]ve4 7f7 ,report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,we/]n ,ref9$ ,fuel ,res]ve ,act ( #bjbe1 & annually !reaft]1 ! ,secret>y %all submit to ,congress a report on ! e/abli%m5t & op]ations ( ! ,ref9$ ,fuel ,/orage ,res]ve1 :i* %all include-- 7#a7 an evaluation (-- 7,a7 ! me*anisms us$ to c>ry out ! requirem5ts ( ?is section2 & 7,b7 o!r pot5tial me*anisms t c\ld be us$ 9 ! future to c>ry out ! requirem5ts ( ?is section2 7#b7 ! process = pur*ase or leas+ ( /orage facilities requir$ = ! ,ref9$ ,fuel ,/orage ,res]ve1 z applicable2 & 7#c7 recomm5dations = future /orage ( ref9$ petroleum products 9 ! ,ref9$ ,fuel ,/orage ,res]ve1 includ+ any adm9i/rative actions & legislation necess>y to implem5t ! recomm5dations1 z ! ,secret>y det]m9es appropriate4 4