,,ii #aaith ,,congress #b;d ,session ,s4 #efej ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #cj1 #bjbf,mr4 ,heinrich introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to align priorities and investments relating to the ,strategic ,petroleum ,reserve1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,spr ,readiness and ,long-,term ,modernization ,act4 #b4 ,prioritization and investments relating to the ,strategic ,petroleum ,reserve 7a7 ,repeal of certain drawdown and sale requirements for the ,strategic ,petroleum ,reserve ,the following provisions of law requiring a drawdown or sale of the ,strategic ,petroleum ,reserve are repealed3 7#a7 ,section #cjji of the ,america's ,water ,infrastructure ,act of #bjah 7,public ,law #aae-bgj2 #acb ,stat4 #chgj74 7#b7 ,section #ijjjb of the ,infrastructure ,investment and ,jobs ,act 7#db ,u4,s4,c4 #fbda note2 ,public ,law #aag-eh74 7b7 ,assessment and long-,term plan ,not later than #ahj days after the date of enactment of this ,act1 the ,secretary of ,energy shall-- 7#a7 complete a long-range strategic review of the ,strategic ,petroleum ,reserve2 and 7#b7 develop and submit to ,congress a proposed action plan1 including a proposed implementation schedule1 that-- 7,a7 specifies near-term and long-term roles of the ,strategic ,petroleum ,reserve relative to the energy and economic security goals and objectives of the ,united ,states2 7,b7 describes whether existing legal authorities that govern the policies1 configuration1 and capabilities of the ,strategic ,petroleum ,reserve are adequate to ensure that the ,strategic ,petroleum ,reserve can meet the current and future energy and economic security goals and objectives of the ,united ,states2 7,c7 identifies the configuration and performance capabilities of the ,strategic ,petroleum ,reserve and recommends an action plan to achieve the optimal-- 7i7 capacity1 location1 and composition of petroleum products in the ,strategic ,petroleum ,reserve2 and 7ii7 storage and distributional capabilities2 and 7,d7 estimates the resources required to attain and maintain the long-term sustainability and operational effectiveness of the ,strategic ,petroleum ,reserve4 7c7 ,updated reporting requirements ,section #afe of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbde7 is amended-- 7#a7 in paragraph 7#e71 by striking in the preceding year and planned in the following year and inserting during the period covered by the report and planned during the following #ahj days2 7#b7 in paragraph 7#h71 by striking for the year and inserting during that period2 7#c7 in paragraph 7#aj71 by adding and after the semicolon at the end2 7#d7 by redesignating paragraphs 7#a7 through 7#aa7 as paragraphs 7#b7 through 7#ab71 respectively2 and 7#e7 by striking the section designation and heading and all that follows through shall include-- in the second sentence of the matter preceding paragraph 7#b7 7as so redesignated7 and inserting the following3 #afe4 ,semiannual reports 7a7 ,in general ,not less frequently than twice each year1 the ,secretary shall submit to the ,president and ,congress a report describing actions carried out to implement this part during the preceding #ahj-;day period4 7b7 ,inclusions ,each report under this section shall include1 with respect to the period covered by the report-- 7#a7 impacts to any well1 cavern1 or related facilities of the ,reserve2 4 7d7 ,technical and conforming amendments 7#a7 ,section #aea of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbca7 is amended-- 7,a7 by striking the section designation and heading and all that follows through ,congress finds that in subsection 7a7 and inserting the following3 #aea4 ,findings2 declaration of policy 7a7 ,findings ,congress finds that-- 2 and 7,b7 in subsection 7b71 by striking 7b7 ,it and inserting the following3 7b7 ,declaration of policy ,it 4 7#b7 ,section #aeb of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbcb7 is amended-- 7,a7 by striking paragraphs 7#e7 and 7#f72 7,b7 by redesignating paragraphs 7#b71 7#d71 7#h71 7#i71 7#aj71 and 7#aa7 as paragraphs 7#a71 7#b71 7#c71 7#d71 7#e71 and 7#f71 respectively2 7,c7 in each of paragraphs 7#a7 through 7#f7 7as so redesignated71 by adding a paragraph heading1 the text of which comprises the term defined in the paragraph2 and 7,d7 by striking the section designation and heading and all that follows through ,as used in in the matter preceding paragraph 7#a7 7as so redesignated7 and inserting the following3 #aeb4 ,definitions ,in 4 7#c7 ,section #aed of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbcd7 is amended by redesignating subsection 7f7 as subsection 7c74 7#d7 ,section #aei of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbci7 is amended-- 7,a7 in subsection 7f77#g71 by adding and after the semicolon at the end2 and 7,b7 by redesignating subsections 7f71 7g71 7j71 7k71 and 7l7 as subsections 7a71 7b71 7c71 7d71 and 7e71 respectively4 7#e7 7,a7 ,section #afj of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbdj7 is amended-- 7i7 in subsection 7b71 by redesignating paragraphs 7#c7 through 7#e7 as paragraphs 7#b7 through 7#d71 respectively2 and 7ii7 by redesignating subsections 7f7 and 7h7 as subsections 7d7 and 7e71 respectively4 7,b7 ,section #afg of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbdg7 is amended by striking section #afj7;f7 each place it appears and inserting section #afj7;d74 7#f7 7,a7 ,section #afa of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbda7 is amended-- 7i7 in subsection 7g7-- 7,i7 by conforming the margin of paragraph 7#f7 so as to conform with the margin of paragraph 7#e72 and 7,,ii7 by redesignating paragraphs 7#c7 through 7#h7 as paragraphs 7#b7 through 7#g71 respectively2 7ii7 in subsection 7h77#a7-- 7,i7 in subparagraph 7,a71 by striking subsection 7d7 and inserting subsection 7b72 and 7,,ii7 by conforming the margins of subparagraphs 7,c7 and 7,d7 so as to conform with the margin of subparagraph 7,b72 7iii7 in subsection 7j77#b71 in the paragraph heading1 by striking ,in general and inserting ,authorization2 and 7iv7 by redesignating subsections 7d71 7e71 7g71 7h71 7i71 and 7j7 as subsections 7b71 7c71 7d71 7e71 7f71 and 7g71 respectively4 7,b7 ,section #afg of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbdg7 is amended by striking subsection 7g7 of such section each place it appears and inserting subsection 7d7 of that section4 7#g7 ,section #afg7;b7 of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbdg7;b77 is amended-- 7,a7 by redesignating paragraphs 7#b7 and 7#c7 as subparagraphs 7,a7 and 7,b71 respectively1 and indenting the subparagraphs appropriately2 7,b7 in the undesignated matter following subparagraph 7,b7 7as so redesignated71 by striking ,funds and inserting the following3 7#b7 ,availability ,the funds made 2 and 7,c7 by striking 7b7 ,amounts and inserting the following3 7b7 ,obligation 7#a7 ,in general ,amounts 4 7#h7 ,section #afh7;a7 of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbdg;a7a77 is amended1 in the first sentence1 by striking product owned and inserting products owned4 7#i7 ,section #afi7;b7 of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbdg;b7b77 is amended by striking ,the and inserting ,in this section1 the4