[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Page S4252]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5265. Mr. CRUZ submitted an amendment intended to be proposed to 
amendment SA 5194 submitted by Mr. Schumer and intended to be proposed 
to the bill H.R. 5376, to provide for reconciliation pursuant to title 
II of S. Con. Res. 14; which was ordered to lie on the table; as 
follows:

        At the end of part 6 of subtitle B of title V, add the 
     following:

     SEC. 5026__. CONDITION ON AUCTION OF CRUDE OIL FROM THE 
                   STRATEGIC PETROLEUM RESERVE.

       (a) Definitions.--In this section:
       (1) Bidder.--The term ``bidder'' means an individual or 
     entity bidding or intending to bid at an auction of crude oil 
     from the Strategic Petroleum Reserve.
       (2) Secretary.--The term ``Secretary'' means the Secretary 
     of Energy.
       (3) Strategic petroleum reserve.--The term ``Strategic 
     Petroleum Reserve'' means the Strategic Petroleum Reserve 
     established under part B of title I of the Energy Policy and 
     Conservation Act (42 U.S.C. 6231 et seq.).
       (b) Bidding Requirements on Export of Spr Crude Oil to 
     Certain Countries.--
       (1) In general.--Notwithstanding section 161 of the Energy 
     Policy and Conservation Act (42 U.S.C. 6241), and subject to 
     paragraph (2), with respect to the drawdown and sale at 
     auction of any crude oil from the Strategic Petroleum Reserve 
     after the date of enactment of this Act, the Secretary shall 
     require, as a condition of any such sale, that in the case of 
     a bid submitted by a bidder that intends to export the crude 
     oil to the People's Republic of China, the bid will not be 
     considered by the Secretary to be a valid bid unless the 
     bidder has submitted a bid 10 times higher than the next 
     highest bid received.
       (2) Waiver.--
       (A) In general.--On application by a bidder, the Secretary 
     may waive, prior to the date of the applicable auction, the 
     condition described in paragraph (1) with respect to the sale 
     of crude oil to that bidder at that auction.
       (B) Requirement.--The Secretary may issue a waiver under 
     subparagraph (A) only if the Secretary determines that the 
     waiver is in the interest of the national security of the 
     United States.
       (C) Applications.--A bidder desiring a waiver under 
     subparagraph (A) shall submit to the Secretary an application 
     in such form and containing such information as the Secretary 
     may require.
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