I 
112TH CONGRESS 
1ST SESSION H. R. 1017 
To provide for the sale of light grade petroleum from the Strategic Petroleum 
Reserve and its replacement with refined petroleum product. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 10, 2011 
Mr. MARKEY (for himself, Mr. OWENS, Mr. WELCH, Ms. DELAURO, and Mrs. 
CAPPS) introduced the following bill; which was referred to the Com-
mittee on Energy and Commerce 
A BILL 
To provide for the sale of light grade petroleum from the 
Strategic Petroleum Reserve and its replacement with 
refined petroleum product. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Enhanced Supply and 
Price Reduction Act of 2011’’ or the ‘‘Enhanced SPR 
Act’’. 
SEC. 2. DEFINITION. 
In this Act, the term ‘‘Secretary’’ means the Sec-
retary of Energy. 
VerDate Mar 15 2010 
04:26 Mar 11, 2011
Jkt 099200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H1017.IH
H1017
pwalker on DSKD5P82C1PROD with BILLS
SEC. 3. PETROLEUM PRODUCT RESERVE. 
Section 154(a) of the Energy Policy and Conserva-
tion Act (42 U.S.C. 6234(a)) is amended by striking ‘‘1 
billion barrels of petroleum products’’ and inserting 
‘‘1,000,000,000 barrels of petroleum products (including 
at least 30,000,000 barrels of refined petroleum prod-
ucts)’’. 
SEC. 4. SALE OF OIL FROM THE STRATEGIC PETROLEUM 
RESERVE AND ACQUISITION OF REFINED PE-
TROLEUM PRODUCT. 
(a) INITIAL
PETROLEUM
SALE
AND
REPLACE-
MENT.—Notwithstanding section 161 of the Energy Policy 
and Conservation Act (42 U.S.C. 6241), the Secretary 
shall— 
(1) sell, in the amounts and on the schedule de-
scribed in subsection (b), light grade petroleum from 
the Strategic Petroleum Reserve and acquire refined 
petroleum product; 
(2) deposit the cash proceeds from sales under 
paragraph (1) into the SPR Petroleum Account es-
tablished under section 167 of the Energy Policy 
and Conservation Act (42 U.S.C. 6247); and 
(3) from the cash proceeds deposited pursuant 
to paragraph (2), withdraw the amount necessary to 
pay for the direct administrative and operational 
costs of the sale and acquisition, including for acqui-
VerDate Mar 15 2010 
04:26 Mar 11, 2011
Jkt 099200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H1017.IH
H1017
pwalker on DSKD5P82C1PROD with BILLS
sition and maintenance of, and improvements to, 
storage facilities. 
(b) AMOUNTS AND SCHEDULE.— 
(1) IN GENERAL.—The sale and acquisition de-
scribed in subsection (a) shall require the offer for 
sale of a total quantity of not less than 30,000,000 
barrels of light grade petroleum from the Strategic 
Petroleum Reserve. The sale shall commence not 
later than 180 days after the date of enactment of 
this Act and be completed not later than 3 years 
after such date of enactment. In no event shall the 
Secretary sell barrels of oil under subsection (a) that 
would result in a Strategic Petroleum Reserve that 
contains fewer than 90 percent of the total amount 
of barrels in the Strategic Petroleum Reserve as of 
the date of enactment of this Act. 
(2) ACQUISITIONS.—The Secretary shall ac-
quire refined petroleum product under this section— 
(A) beginning no sooner than 180 days 
after the date of enactment of this Act; 
(B) ending no later than 5 years after the 
date of enactment of this Act; and 
(C) in a manner so as to minimize both 
the cost to the Federal Government and market 
disruption associated with the acquisition. 
VerDate Mar 15 2010 
04:26 Mar 11, 2011
Jkt 099200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H1017.IH
H1017
pwalker on DSKD5P82C1PROD with BILLS
SEC. 5. REPORT TO CONGRESS. 
Not later than 18 months after the date of enactment 
of this Act, the Secretary shall transmit to Congress a 
report— 
(1) describing the amounts of light grade petro-
leum sold and refined petroleum product acquired 
under this Act; 
(2) describing the actions taken for the storage 
of refined petroleum product acquired under this 
Act, and identifying any requirements for additional 
facilities; 
(3) describing efforts the Department has taken 
to ensure that distributors and importers are not 
discouraged from maintaining and increasing sup-
plies of refined petroleum products; 
(4) describing actions that the Department has 
taken and plans to take to ensure quality of refined 
petroleum product in the Reserve, including the ro-
tation of product stored; and 
(5) analyzing the effects that activities under 
this Act have had on oil markets. 
Æ 
VerDate Mar 15 2010 
04:26 Mar 11, 2011
Jkt 099200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6301
E:\BILLS\H1017.IH
H1017
pwalker on DSKD5P82C1PROD with BILLS