Short title

This Act may be cited as the

Replenishing Our American Reserves Act

or the ROAR Act.

Prioritizing domestic petroleum products for refill of the Strategic Petroleum Reserve

(a)

In general

Section 160(c) of the Energy Policy and Conservation Act (42 U.S.C. 6240(c)) is amended—(1)in the first sentence of the matter preceding paragraph (1), by inserting products after petroleum;(2)in paragraph (5), by striking and after the semicolon;(3)by redesignating paragraph (6) as paragraph (7); and(4)by inserting after paragraph (5) the following:

(6)effective on the date of enactment of the ROAR Act, ensure that only petroleum products that have been produced or refined in the United States are acquired and injected into the Reserve; and

(b)

Regulation Updates

Not later than 180 days after the date of enactment of this Act, the Secretary of Energy shall promulgate appropriate regulations to update procedures for the acquisition of petroleum products for the Strategic Petroleum Reserve in accordance with the amendments made by this section.

Limitation on the import of petroleum products from certain countries

(a)

In general

Section 160 of the Energy Policy and Conservation Act (42 U.S.C. 6240) is amended—(1)by redesignating subsections (f) and (h) as subsections (d) and (e), respectively; and(2)by adding at the end the following:

(f)

Limitation on filling the Strategic Petroleum Reserve

(1)

Definitions

In this subsection:(A)

Covered country

The term covered country means—(i)Algeria;(ii)Angola;(iii)The Democratic Republic of the Congo;(iv)Equatorial Guinea;(v)Gabon;(vi)Iran;(vii)Iraq;(viii)Kuwait;(ix)Libya;(x)Nigeria;(xi)The People's Republic of China;(xii)The Russian Federation;(xiii)Saudi Arabia;(xiv)United Arab Emirates; and(xv)Venezuela.(B)

Production

The term production, with respect to a petroleum product, does not include the refining of that petroleum product.(2)

Limitation

The Strategic Petroleum Reserve may not be filled with a petroleum product imported from—(A)a covered country; or(B)a foreign country other than a covered country, unless the Secretary submits to Congress a certification that all means of increasing production of petroleum products in the United States has been exhausted, including—(i)increasing the availability of Federal land for leasing; and (ii)increasing the number of applications for permits to drill; and(3)

Consultation

In carrying out paragraph (2), the Secretary shall consult with—(A)the Secretary of Agriculture;(B)the Secretary of the Interior; and(C)the Secretary of Defense.

(b)

Conforming amendments

Section 167 of the Energy Policy and Conservation Act (42 U.S.C. 6247) is amended—(1)in subsection (b)(3), by striking section 160(f) and inserting section 160(d); and(2)in subsection (d), in the matter preceding paragraph (1), by striking section 160(f) and inserting section 160(d).

Prohibition on export and sale of Strategic Petroleum Reserve products

Section 161(i) of the Energy Policy and Conservation Act (42 U.S.C. 6241(i)) is amended—(1)by striking (i) Notwithstanding any other law and inserting the following:

(i)

Refine or exchange outside the United States

(1)

In general

Notwithstanding any other provision of law and subject to paragraphs (2) and (3)

; and

(2)by inserting after paragraph (1) (as so designated) the following:

(2)

Prohibition on export of strategic petroleum reserve petroleum products

Notwithstanding any other provision of law, with respect to the drawdown and sale at auction of petroleum products from the Strategic Petroleum Reserve under this section after the date of enactment of this paragraph, the Secretary shall require as a condition of the sale that the petroleum products shall not be exported to a country that is designated as a country of particular concern for religious freedom under section 402(b)(1)(A)(ii) of the International Religious Freedom Act of 1998 (22 U.S.C. 6442(b)(1)(A)(ii)).(3)

Requirements applicable to certain state-owned entities

Notwithstanding any other provision of law, with respect to the drawdown and sale at auction of petroleum products from the Strategic Petroleum Reserve under this section after the date of enactment of this paragraph, if the Secretary determines that there is in effect a United States ban on, or the imposition of sanctions by the United States with respect to, the purchase of crude oil from 1 or more countries, the Secretary shall not sell petroleum products to a State-owned entity participating in the auction unless that State-owned entity submits to the Secretary a certification that the State-owned entity has not purchased any petroleum products from a country subject to such a ban or sanctions after the date that is 15 days after the date on which the ban or sanctions took effect.

Study on Remote Crude Oil and Natural Gas Reserve

(a)

In general

Not later than 180 days after the date of enactment of this Act, the Secretary of Energy shall prepare and submit to Congress a report regarding the feasibility of establishing a reserve, to be known as the Remote Crude Oil and Natural Gas Reserve, subject to subsections (b) and (c), consisting of crude oil and natural gas to be acquired and stored by the United States, in place, pursuant to a contract or other agreement or arrangement between the United States and an individual or entity that discovered the oil or gas in a remote area described in subsection (c).(b)

Purpose

The purpose of the Remote Crude Oil and Natural Gas Reserve shall be—(1)consistent with the purposes described in section 2 of the Energy Policy and Conservation Act (42 U.S.C. 6201); and(2)to ensure—(A)the long-term capability to increase the energy supply of the United States and allies of the United States; and(B)to the maximum extent practicable, that energy costs remain affordable for United States consumers.(c)

Locations

The Remote Crude Oil and Natural Gas Reserve shall include facilities located in, as applicable—(1) the State of Alaska; and(2)any other area of the United States in close proximity to a qualified opportunity zone designated under section 1400Z–1 of the Internal Revenue Code of 1986.