[Congressional Record Volume 144, Number 11 (Thursday, February 12, 1998)]
[Senate]
[Page S777]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          AMENDMENTS SUBMITTED

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    THE ENERGY POLICY AND CONSERVATION ACT PROVISIONS EXTENSION ACT

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                      MURKOWSKI AMENDMENT NO. 1645

  Mr. COVERDELL (for Mr. Murkowski) proposed an amendment to the bill 
(H.R. 2472) to extend certain programs under the Energy Policy and 
Conservation Act; as follows:

       In lieu of the matter proposed to be inserted insert the 
     following:

     ``SECTION 1. ENERGY POLICY AND CONSERVATION ACT AMENDMENTS.

       ``The Energy Policy and Conservation Act is amended--
       ``(1) in section 166 (42 U.S.C. 6246) by striking `1997' 
     and inserting in lieu thereof `1999';
       ``(2) in section 181 (42 U.S.C. 6251) by striking `1997' 
     both places it appears and inserting in lieu thereof `1999';
       ``(3) by striking `section 252(l)(1)' in section 251(e)(1) 
     (42 U.S.C. 6271(e)(1)) and inserting `section 252(k)(1)';
       ``(4) in section 252 (42 U.S.C. 6272)--
       ``(A) in subsections (a)(1) and (b), by striking 
     `allocation and information provisions of the international 
     energy program' and inserting `international emergency 
     response provisions';
       ``(B) in subsection (d)(3), by striking `known' and 
     inserting after `circumstances' `known at the time of 
     approval';
       ``(C) in subsection (e)(2) by striking `shall' and 
     inserting `may';
       ``(D) in subsection (f)(2) by inserting `voluntary 
     agreement or' after `approved';
       ``(E) by amending subsection (h) to read as follows--
       `` `(h) Section 708 of the Defense Production Act of 1950 
     shall not apply to any agreement or action undertaken for the 
     purpose of developing or carrying out--
       `` `(1) the international energy program, or
       `` `(2) any allocation, price control, or similar program 
     with respect to petroleum products under this Act.';
       ``(F) in subsection (k) by amending paragraph (2) to read 
     as follows--
       `` `(2) The term `international emergency response 
     provisions' means--
       `` `(A) the provisions of the international energy program 
     which relate to international allocation of petroleum 
     products and to the information system provided in the 
     program, and
       `` `(B) the emergency response measures adopted by the 
     Governing Board of the International Energy Agency (including 
     the July 11, 1984, decision by the Governing Board on `Stocks 
     and Supply Disruptions') for--
       `` `(i) the coordinated drawdown of stocks of petroleum 
     products held or controlled by governments; and
       `` `(ii) complementary actions taken by governments during 
     an existing or impending international oil supply 
     disruption.'; and
       ``(G) by amending subsection (l) to read as follows--
       `` `(l) The antitrust defense under subsection (f) shall 
     not extend to the international allocation of petroleum 
     products unless allocation is required by chapters III and IV 
     of the international energy program during an international 
     energy supply emergency.'; and
       `` `(5) in section 281 (42 U.S.C. 6285) by striking `1997' 
     both places it appears and inserting in lieu thereof `1999'.
       ``(6) at the end of section 154 by adding the following new 
     subsection:
       `` `(f)(1) The drawdown and distribution of petroleum 
     products from the Strategic Petroleum Reserve is authorized 
     only under section 161 of this Act, and drawndown and 
     distribution of petroleum products for purposes other than 
     those described in section 161 of this Act shall be 
     prohibited.
       `` `(2) In the Secretary's annual budget submission, the 
     Secretary shall request funds for acquisition, 
     transportation, and injection of petroleum products for 
     storage in the Reserve. If no request for funds is made, the 
     Secretary shall provide a written explanation of the reason 
     therefor.'.''

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