436 
(3) USE OF EXISTING AGREEMENTS TO ESTAB-
LISH MECHANISM.—The Secretary may, after con-
sultation with Congress and in accordance with ex-
isting international agreements, including the Inter-
national Energy Program, include China and India 
in a petroleum crisis response mechanism through 
existing or new agreements. 
(c) ENERGY CRISIS RESPONSE MECHANISM FOR THE 
WESTERN HEMISPHERE.— 
(1) AUTHORITY.—The Secretary of State, in 
coordination with the Secretary of Energy, should 
immediately seek to establish a Western Hemisphere 
energy crisis response mechanism. 
(2) SCOPE.—The mechanism established under 
paragraph (1) should include— 
(A) an information sharing and coordi-
nating mechanism in case of energy supply 
emergencies; 
(B) technical assistance in the development 
and management of national strategic petro-
leum reserves within countries of the Western 
Hemisphere; 
(C) technical assistance in developing na-
tional programs to meet the requirements of 
membership in a future international energy ap-
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plication procedure as described in subsection 
(d); 
(D) emergency demand restraint measures; 
(E) energy switching preparedness and al-
ternative energy production capacity; and 
(F) ongoing demand intensity reduction 
programs. 
(3) MEMBERSHIP.—The Secretary should seek 
to include in the Western Hemisphere energy crisis 
response mechanism membership for each major en-
ergy producer and major energy consumer in the 
Western Hemisphere and other members of the 
Hemisphere Energy Cooperation Forum authorized 
under section 706. 
(d) INTERNATIONAL ENERGY PROGRAM APPLICA-
TION PROCEDURE.— 
(1) AUTHORITY.—The President should place 
on the agenda for discussion at the Governing Board 
of the International Energy Agency, as soon as prac-
ticable, the merits of establishing an international 
energy program application procedure. 
(2) PURPOSE.—The purpose of such procedure 
is to allow countries that are not members of the 
International Energy Program to apply to the Gov-
erning Board of the International Energy Agency 
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for allocation of petroleum reserve stocks in times of 
emergency on a grant or loan basis. Such countries 
should also receive technical assistance for, and be 
subject to, conditions requiring development and 
management of national programs for energy emer-
gency preparedness, including demand restraint, fuel 
switching preparedness, and development of alter-
native fuels production capacity. 
(e) REPORTS REQUIRED.— 
(1) PETROLEUM
RESERVES.—Not later than 
180 days after the date of the enactment of this Act, 
the Secretary of Energy shall submit to the appro-
priate congressional committees a report that evalu-
ates the options for adapting the United States na-
tional strategic petroleum reserve and the inter-
national petroleum reserve coordinating mechanism 
in order to carry out this section. 
(2) CRISIS RESPONSE MECHANISMS.—Not later 
than 180 days after the date of the enactment of 
this Act, the Secretary of State, in coordination with 
the Secretary of Energy, shall submit to the appro-
priate congressional committees a report on the sta-
tus of the establishment of the international petro-
leum crisis response mechanisms described in sub-
sections (b) and (c). The report shall include rec-
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ommendations of the Secretary of State and the Sec-
retary of Energy for any legislation necessary to es-
tablish or carry out such mechanisms. 
(3) EMERGENCY
APPLICATION
PROCEDURE.— 
Not later than 60 days after a discussion by the 
Governing Board of the International Energy Agen-
cy of the application procedure described under sub-
section (d), the President should submit to Congress 
a report that describes— 
(A) the actions the United States Govern-
ment has taken pursuant to such subsection; 
and 
(B) a summary of the debate on the mat-
ter before the Governing Board of the Inter-
national Energy Agency, including any decision 
that has been reached by the Governing Board 
with respect to the matter. 
SEC. 706. HEMISPHERE ENERGY COOPERATION FORUM. 
(a) FINDINGS.—Congress makes the following find-
ings: 
(1) The engagement of the United States Gov-
ernment with governments of countries in the West-
ern Hemisphere is a strategic priority for reducing 
the potential for tension over energy resources, 
maintaining and expanding reliable energy supplies, 
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