,,ii  #aai? ,,congress  #b;d ,session   
,s4 #efej  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #cj1         
#bjbf,mr4 ,he9ri* introduc$ ! foll[+    
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,en]gy & ,natural         
,res\rces  ,a ,,bill  ,to align         
priorities & inve/m5ts relat+ to !      
,/rategic ,petroleum ,res]ve1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,,spr ,read9ess &          
,long-,t]m ,mod]nization ,act4  #b4     
,prioritization & inve/m5ts relat+ to ! 
,/rategic ,petroleum ,res]ve  7a7       
,repeal ( c]ta9 drawd[n & sale          
requirem5ts = ! ,/rategic ,petroleum    
,res]ve ,! foll[+ provisions ( law      
requir+ a drawd[n or sale ( ! ,/rategic 
,petroleum ,res]ve are repeal$3 7#a7    
,section #cjji ( ! ,am]ica's ,wat]      
,infra/ructure ,act ( #bjah 7,public    
,law #aae-bgj2 #acb ,/at4 #chgj74  7#b7 
,section #ijjjb ( ! ,infra/ructure      
,inve/m5t & ,jobs ,act 7#db ,u4,s4,c4   
#fbda note2 ,public ,law #aag-eh74  7b7 

,assessm5t & long-,t]m plan ,n lat] ?an 
#ahj days aft] ! date ( enactm5t ( ?is  
,act1 ! ,secret>y ( ,en]gy %all--  7#a7 
complete a long-range /rategic review ( 
! ,/rategic ,petroleum ,res]ve2 &  7#b7 
develop & submit to ,congress a propos$ 
action plan1 includ+ a propos$          
implem5tation s*$ule1 t--  7,a7         
specifies ne>-t]m & long-t]m roles ( !  
,/rategic ,petroleum ,res]ve relative to
 ! en]gy & economic security goals &    
objectives ( ! ,unit$ ,/ates2  7,b7     
describes :e!r exi/+ legal au?orities t 
gov]n ! policies1 configuration1 &      
capabilities ( ! ,/rategic ,petroleum   
,res]ve are adequate to ensure t !      
,/rategic ,petroleum ,res]ve c meet !   
curr5t & future en]gy & economic        
security goals & objectives ( ! ,unit$  
,/ates2  7,c7 id5tifies ! configuration 
& p]=mance capabilities ( ! ,/rategic   
,petroleum ,res]ve & recomm5ds an action
 plan to a*ieve ! optimal--  7i7        
capacity1 location1 & composition (     
petroleum products 9 ! ,/rategic        

,petroleum ,res]ve2 &  7ii7 /orage &    
di/ributional capabilities2 &  7,d7     
e/imates ! res\rces requir$ to atta9 &  
ma9ta9 ! long-t]m su/a9ability &        
op]ational effectiv5ess ( ! ,/rategic   
,petroleum ,res]ve4  7c7 ,updat$ report+
 requirem5ts ,section #afe ( ! ,en]gy   
,policy & ,cons]vation ,act 7#db        
,u4,s4,c4 #fbde7 is am5d$-- 7#a7 9      
p>agraph 7#e71 by /rik+ 9 ! prec$+ ye> &
 plann$ 9 ! foll[+ ye> & ins]t+ dur+ !  
p]iod cov]$ by ! report & plann$ dur+ ! 
foll[+ #ahj days2  7#b7 9 p>agraph 7#h71
 by /rik+ = ! ye> & ins]t+ dur+ t p]iod2
  7#c7 9 p>agraph 7#aj71 by add+ & aft] 
! semicolon at ! end2  7#d7 by          
r$esignat+ p>agraphs 7#a7 ?r\gh 7#aa7 z 
p>agraphs 7#b7 ?r\gh 7#ab71             
respectively2 &  7#e7 by /rik+ ! section
 designation & head+ & all t foll[s     
?r\gh %all include-- 9 ! second s5t5ce (
 ! matt] prec$+ p>agraph 7#b7 7z s      
r$esignat$7 & ins]t+ ! foll[+3  #afe4   
,semiannual reports  7a7 ,9 g5]al ,n    
less frequ5tly ?an twice ea* ye>1 !     

,secret>y %all submit to ! ,presid5t &  
,congress a report describ+ actions     
c>ri$ out to implem5t ?is "p dur+ !     
prec$+ #ahj-;day p]iod4  7b7 ,inclusions
 ,ea* report "u ?is section %all        
include1 ) respect to ! p]iod cov]$ by !
 report-- 7#a7 impacts to any well1     
cav]n1 or relat$ facilities ( ! ,res]ve2
  4  7d7 ,te*nical & con=m+ am5dm5ts    
7#a7 ,section #aea ( ! ,en]gy ,policy & 
,cons]vation ,act 7#db ,u4,s4,c4 #fbca7 
is am5d$-- 7,a7 by /rik+ ! section      
designation & head+ & all t foll[s ?r\gh
 ,congress f9ds t 9 subsection 7a7 &    
ins]t+ ! foll[+3  #aea4 ,f9d+s2         
decl>ation ( policy  7a7 ,f9d+s         
,congress f9ds t--  2 &  7,b7 9         
subsection 7b71 by /rik+ 7b7 ,x & ins]t+
 ! foll[+3  7b7 ,decl>ation ( policy ,x 
4  7#b7 ,section #aeb ( ! ,en]gy ,policy
 & ,cons]vation ,act 7#db ,u4,s4,c4     
#fbcb7 is am5d$-- 7,a7 by /rik+         
p>agraphs 7#e7 & 7#f72  7,b7 by         
r$esignat+ p>agraphs 7#b71 7#d71 7#h71  
7#i71 7#aj71 & 7#aa7 z p>agraphs 7#a71  

7#b71 7#c71 7#d71 7#e71 & 7#f71         
respectively2  7,c7 9 ea* ( p>agraphs   
7#a7 ?r\gh 7#f7 7z s r$esignat$71 by    
add+ a p>agraph head+1 ! text ( :i*     
comprises ! t]m def9$ 9 ! p>agraph2 &   
7,d7 by /rik+ ! section designation &   
head+ & all t foll[s ?r\gh ,z us$ 9 9 ! 
matt] prec$+ p>agraph 7#a7 7z s         
r$esignat$7 & ins]t+ ! foll[+3  #aeb4   
,def9itions ,9  4  7#c7 ,section #aed ( 
! ,en]gy ,policy & ,cons]vation ,act    
7#db ,u4,s4,c4 #fbcd7 is am5d$ by       
r$esignat+ subsection 7f7 z subsection  
7c74  7#d7 ,section #aei ( ! ,en]gy     
,policy & ,cons]vation ,act 7#db        
,u4,s4,c4 #fbci7 is am5d$-- 7,a7 9      
subsection 7f77#g71 by add+ & aft] !    
semicolon at ! end2 &  7,b7 by          
r$esignat+ subsections 7f71 7g71 7j71   
7k71 & 7l7 z subsections 7a71 7b71 7c71 
7d71 & 7e71 respectively4  7#e7 7,a7    
,section #afj ( ! ,en]gy ,policy &      
,cons]vation ,act 7#db ,u4,s4,c4 #fbdj7 
is am5d$-- 7i7 9 subsection 7b71 by     
r$esignat+ p>agraphs 7#c7 ?r\gh 7#e7 z  

p>agraphs 7#b7 ?r\gh 7#d71 respectively2
 &  7ii7 by r$esignat+ subsections 7f7 &
 7h7 z subsections 7d7 & 7e71           
respectively4  7,b7 ,section #afg ( !   
,en]gy ,policy & ,cons]vation ,act 7#db 
,u4,s4,c4 #fbdg7 is am5d$ by /rik+      
section #afj7;f7 ea* place x appe>s &   
ins]t+ section #afj7;d74  7#f7 7,a7     
,section #afa ( ! ,en]gy ,policy &      
,cons]vation ,act 7#db ,u4,s4,c4 #fbda7 
is am5d$-- 7i7 9 subsection 7g7-- 7,i7  
by con=m+ ! m>g9 ( p>agraph 7#f7 s z to 
con=m ) ! m>g9 ( p>agraph 7#e72 &       
7,,ii7 by r$esignat+ p>agraphs 7#c7     
?r\gh 7#h7 z p>agraphs 7#b7 ?r\gh 7#g71 
respectively2  7ii7 9 subsection        
7h77#a7-- 7,i7 9 subp>agraph 7,a71 by   
/rik+ subsection 7d7 & ins]t+ subsection
 7b72 &  7,,ii7 by con=m+ ! m>g9s (     
subp>agraphs 7,c7 & 7,d7 s z to con=m ) 
! m>g9 ( subp>agraph 7,b72  7iii7 9     
subsection 7j77#b71 9 ! p>agraph head+1 
by /rik+ ,9 g5]al & ins]t+              
,au?orization2 &  7iv7 by r$esignat+    
subsections 7d71 7e71 7g71 7h71 7i71 &  

7j7 z subsections 7b71 7c71 7d71 7e71   
7f71 & 7g71 respectively4  7,b7 ,section
 #afg ( ! ,en]gy ,policy & ,cons]vation 
,act 7#db ,u4,s4,c4 #fbdg7 is am5d$ by  
/rik+ subsection 7g7 ( su* section ea*  
place x appe>s & ins]t+ subsection 7d7 (
 t section4  7#g7 ,section #afg7;b7 ( ! 
,en]gy ,policy & ,cons]vation ,act 7#db 
,u4,s4,c4 #fbdg7;b77 is am5d$-- 7,a7 by 
r$esignat+ p>agraphs 7#b7 & 7#c7 z      
subp>agraphs 7,a7 & 7,b71 respectively1 
& ind5t+ ! subp>agraphs appropriately2  
7,b7 9 ! undesignat$ matt] foll[+       
subp>agraph 7,b7 7z s r$esignat$71 by   
/rik+ ,funds & ins]t+ ! foll[+3  7#b7   
,availability ,! funds made  2 &  7,c7  
by /rik+ 7b7 ,am\nts & ins]t+ ! foll[+3 
7b7 ,obligation  7#a7 ,9 g5]al ,am\nts  
4  7#h7 ,section #afh7;a7 ( ! ,en]gy    
,policy & ,cons]vation ,act 7#db        
,u4,s4,c4 #fbdg;a7a77 is am5d$1 9 ! fir/
 s5t5ce1 by /rik+ product own$ & ins]t+ 
products own$4  7#i7 ,section #afi7;b7 (
 ! ,en]gy ,policy & ,cons]vation ,act   
7#db ,u4,s4,c4 #fbdg;b7b77 is am5d$ by  

/rik+ ,! & ins]t+ ,9 ?is section1 !4