Bolstering Northeast Heating Oil and Gasoline Reserves Act of 2023

Subjects: Energy


<html><body><pre>[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1195 Introduced in House (IH)]

&lt;DOC&gt;






118th CONGRESS
  1st Session
                                H. R. 1195

 To require the Secretary of Energy to complete a long-range strategic 
  review of the Northeast Home Heating Oil Reserve and the Northeast 
            Gasoline Supply Reserve, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 24, 2023

  Mr. Pappas (for himself, Mr. Williams of New York, and Mr. Lawler) 
 introduced the following bill; which was referred to the Committee on 
                          Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
 To require the Secretary of Energy to complete a long-range strategic 
  review of the Northeast Home Heating Oil Reserve and the Northeast 
            Gasoline Supply Reserve, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bolstering Northeast Heating Oil and 
Gasoline Reserves Act of 2023''.

SEC. 2. NORTHEAST PETROLEUM PRODUCT RESERVES MISSION READINESS 
              OPTIMIZATION.

    (a) In General.--Not later than 180 days after the date of 
enactment of this Act, the Secretary of Energy shall--
            (1) complete a long-range strategic review of the Northeast 
        Petroleum Product Reserves; and
            (2) develop and submit to Congress a proposed action plan, 
        including a proposed implementation schedule, that--
                    (A) specifies near- and long-term roles of the 
                Northeast Petroleum Product Reserves relative to the 
                energy and economic security goals and objectives of 
                the United States;
                    (B) describes whether existing legal authorities 
                that govern the policies, configuration, and 
                capabilities of the Northeast Petroleum Product 
                Reserves are adequate to ensure that the Northeast 
                Petroleum Product Reserves can meet the current and 
                future energy and economic security goals and 
                objectives of the United States;
                    (C) identifies the configuration and performance 
                capabilities of the Northeast Petroleum Product 
                Reserves and recommends an action plan to achieve the 
                optimal--
                            (i) capacity, location, and composition of 
                        petroleum products in the Northeast Petroleum 
                        Product Reserves; and
                            (ii) storage and distributional 
                        capabilities of the Northeast Petroleum Product 
                        Reserves; and
                    (D) estimates the resources required to attain and 
                maintain the long-term sustainability and operational 
                effectiveness of the Northeast Petroleum Product 
                Reserves.
    (b) Definition.--In this section, the term ``Northeast Petroleum 
Product Reserves'' means--
            (1) the Northeast Home Heating Oil Reserve established 
        under part D of the Energy Policy and Conservation Act (42 
        U.S.C. 6250 et seq.); and
            (2) the Northeast Gasoline Supply Reserve.
                                 &lt;all&gt;
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