[Congressional Record Volume 166, Number 119 (Monday, June 29, 2020)]
[Senate]
[Page S3963]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2311. Mr. CASSIDY submitted an amendment intended to be proposed 
by him to the bill S. 4049, to authorize appropriations for fiscal year 
2021 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. ____. STUDY ON FEASIBILITY OF CRUDE OIL STOCKPILES.

       (a) In General.--Not later than 1 year after the date of 
     enactment of this Act, the Secretary of Energy (referred to 
     in this section as the ``Secretary'') shall conduct a study 
     on the cost effectiveness, economic benefits, and feasibility 
     of establishing, maintaining, and operating additional crude 
     oil stockpiles.
       (b) Considerations.--In conducting the study under 
     subsection (a), the Secretary shall take into consideration--
       (1) the economic, environmental, and energy security costs 
     and benefits of additional storage locations both above and 
     below ground, including the use of private sector and State-
     owned sites; and
       (2) factors that impact how quickly a storage facility 
     could be used to absorb additional crude oil.
       (c) Report.--As soon as practicable after completing the 
     study under subsection (a), the Secretary shall submit to the 
     appropriate committees of jurisdiction of the Senate and the 
     House of Representatives a report describing the findings and 
     recommendations of the study.
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