[Congressional Record Volume 162, Number 18 (Monday, February 1, 2016)]
[Senate]
[Page S427]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3144. Ms. CANTWELL submitted an amendment intended to be proposed 
to amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to 
provide for the modernization of the energy policy of the United 
States, and for other purposes; which was ordered to lie on the table; 
as follows:

       On page 168, between lines 20 and 21, insert the following:
       (d) Drawdown and Sale of Refined Petroleum Products.--
       (1) Definition of severe energy supply interruption.--
     Section 3(8) of the Energy Policy and Conservation Act (42 
     U.S.C. 6202(8)) is amended by striking ``or (iii)'' and 
     inserting ``(iii) an interruption of the world-wide supply of 
     crude petroleum that is likely to cause a severe increase in 
     the price of domestic petroleum products, or (iv)''.
       (2) Drawdown and sale of petroleum products.--Section 161 
     of the Energy Policy and Conservation Act (42 U.S.C. 6241) is 
     amended by adding at the end the following:
       ``(k) Drawdown and Sale of Refined Petroleum Products.--
       ``(1) In general.--The Secretary may draw down and sell 
     refined petroleum products in accordance with this subsection 
     if the President finds that--
       ``(A) a circumstance exists that constitutes, or is likely 
     to become, a regional severe energy supply interruption of 
     significant scope or duration; and
       ``(B) action taken under this subsection would assist 
     directly and significantly in preventing or reducing the 
     adverse impact of the shortage.
       ``(2) Refined petroleum products.--Refined petroleum 
     products covered by this subsection include all petroleum 
     products other than crude oil held by the Secretary as part 
     of--
       ``(A) the Strategic Petroleum Reserve established by 
     section 154; or
       ``(B) the Northeast Home Heating Oil Reserve established 
     under section 181.
       ``(3) Sales.--Sales of refined petroleum products under 
     this subsection--
       ``(A) shall be made at public sale to the highest qualified 
     bidder; but
       ``(B) do not need not comply with the requirements of 
     subsection (e)(1) or section 183.''.
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