[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 698 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 698

   To amend the Energy Policy and Conservation Act to authorize the 
 Secretary of Energy, by lease or otherwise, to store in underutilized 
  Strategic Petroleum Reserve facilities petroleum products owned by 
 foreign governments or their representatives, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 6, 1997

Mr. Akaka (for himself, Mr. Bingaman, and Ms. Landrieu) introduced the 
 following bill; which was read twice and referred to the Committee on 
                      Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
   To amend the Energy Policy and Conservation Act to authorize the 
 Secretary of Energy, by lease or otherwise, to store in underutilized 
  Strategic Petroleum Reserve facilities petroleum products owned by 
 foreign governments or their representatives, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Strategic Petroleum Reserve 
Replenishment Act''.

SEC. 2. LEASE OF EXCESS STRATEGIC PETROLEUM RESERVE CAPACITY.

    Part B of title I of the Energy Policy and Conservation Act (42 
U.S.C. 6231 et seq.) is amended by adding at the end the following:

``SEC. 168. UNDERUTILIZED FACILITIES.

    ``(a) In General.--Notwithstanding section 649(b) of the Department 
of Energy Organization Act (42 U.S.C. 7259(b)) and any other provision 
of this title, the Secretary, by lease or otherwise, for any term and 
under such other conditions as the Secretary considers necessary, may 
store in an underutilized Strategic Petroleum Reserve facility a 
petroleum product owned by a foreign government or its representative.
    ``(b) Exclusion From Reserve; Export.--A petroleum product stored 
under subsection (a)--
            ``(1) is not part of the Reserve;
            ``(2) is not subject to part C; and
            ``(3) may be exported from the United States.
    ``(c) Use of Funds.--Funds resulting from the leasing or other use 
of a Reserve facility under subsection (a) shall be available to the 
Secretary, without further appropriation, for the purchase of petroleum 
products for the Reserve.''.
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