Title: Florida Gasoline Supply Reserve Act
Policy area: Energy

Summary:
Florida Gasoline Supply Reserve Act
This bill requires the Department of Energy (DOE) to establish, maintain, and operate a Florida Gasoline Supply Reserve as part of the Strategic Petroleum Reserve. The reserve must contain a minimum of 1 million barrels of refined petroleum products.
The bill authorizes DOE to sell refined petroleum products from the reserve in the event of a regional gasoline supply interruption.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1957 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                S. 1957

    To amend the Energy Policy and Conservation Act to require the 
Secretary of Energy to establish a gasoline supply reserve in the State 
                  of Florida, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 5, 2017

  Mr. Nelson introduced the following bill; which was read twice and 
       referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
    To amend the Energy Policy and Conservation Act to require the 
Secretary of Energy to establish a gasoline supply reserve in the State 
                  of Florida, 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 ``Florida Gasoline Supply Reserve 
Act''.

SEC. 2. FLORIDA GASOLINE SUPPLY RESERVE.

    (a) In General.--The Energy Policy and Conservation Act (42 U.S.C. 
6201 et seq.) is amended by adding at the end of title I the following:

               ``PART E--FLORIDA GASOLINE SUPPLY RESERVE

``SEC. 191. DEFINITION OF REFINED PETROLEUM PRODUCT.

    ``In this part, the term `refined petroleum product' means--
            ``(1) gasoline; and
            ``(2) such other products as the Secretary determines 
        appropriate.

``SEC. 192. ESTABLISHMENT.

    ``(a) In General.--The Secretary shall establish, maintain, and 
operate as a component of the Strategic Petroleum Reserve established 
under part B a reserve of refined petroleum products, to be known as 
the `Florida Gasoline Supply Reserve' (referred to in this part as the 
`Reserve').
    ``(b) Location.--
            ``(1) In general.--The Reserve shall be located in the 
        State of Florida.
            ``(2) Location of 2 sections of reserve.--To the maximum 
        extent practicable, the Reserve shall be split into 2 sections, 
        of which--
                    ``(A) one shall be located on the east coast of the 
                State of Florida; and
                    ``(B) one shall be located on the west coast of the 
                State of Florida.
    ``(c) Limitation.--The Reserve shall contain a minimum of 1,000,000 
barrels of refined petroleum products.
    ``(d) Application.--Except as otherwise provided in this part, the 
authorities and requirements applicable to the Strategic Petroleum 
Reserve under part B shall apply to the Reserve.

``SEC. 193. DRAWDOWN AND SALE OF REFINED PETROLEUM PRODUCTS.

    ``The Secretary may draw down and sell refined petroleum products 
from the Reserve if the Secretary finds that--
            ``(1) a circumstance exists that constitutes, or is likely 
        to become, a regional gasoline supply interruption of 
        significant scope or duration, such as a hurricane or other 
        natural disaster; and
            ``(2) action taken under this section would help in 
        preventing or reducing the adverse impact of such a regional 
        gasoline supply interruption.

``SEC. 194. ACQUISITION OF REFINED PETROLEUM PRODUCTS FOR STORAGE IN 
              THE RESERVE.

    ``(a) In General.--The Secretary may acquire, place in storage, 
transport, or exchange refined petroleum products acquired by purchase 
or exchange.
    ``(b) Objectives.--To the maximum extent practicable, the Secretary 
shall carry out subsection (a) consistent with the following 
objectives:
            ``(1) Minimization of the cost of the Reserve.
            ``(2) Minimization of the vulnerability of the United 
        States to a severe regional gasoline supply interruption.
            ``(3) Minimization of the impact of an acquisition of 
        refined petroleum products on supply levels and market forces.

``SEC. 195. PLAN FOR ADMINISTRATION OF RESERVE.

    ``Not later than 60 days after the date of enactment of the Florida 
Gasoline Supply Reserve Act, the Secretary shall submit to the 
President and, if the President approves, to Congress, a plan 
describing--
            ``(1) the proposed acquisition of storage and related 
        facilities or storage services for the Reserve, including the 
        potential use of storage facilities not currently in use;
            ``(2) the proposed acquisition of refined petroleum 
        products for storage in the Reserve;
            ``(3) the proposed procedures governing the release of 
        refined petroleum products from the Reserve;
            ``(4) the estimated costs of the establishment, 
        maintenance, and operation of the Reserve; and
            ``(5) actions the Secretary will take--
                    ``(A) to minimize the need for release of refined 
                petroleum products from the Reserve;
                    ``(B) to ensure that distributors and importers are 
                not discouraged from maintaining and increasing 
                supplies of refined petroleum products to the State of 
                Florida; and
                    ``(C) to ensure the quality of the refined 
                petroleum products in the Reserve.''.
    (b) Clerical Amendment.--The table of contents for the Energy 
Policy and Conservation Act (42 U.S.C. prec. 6201) is amended--
            (1) by striking the item relating to part D of title I 
        (relating to expiration);
            (2) by striking the item relating to section 181 (relating 
        to expiration); and
            (3) by adding at the end of the items relating to title I 
        the following:

               ``PART E--Florida Gasoline Supply Reserve

``Sec. 191. Definition of refined petroleum product.
``Sec. 192. Establishment.
``Sec. 193. Drawdown and sale of refined petroleum products.
``Sec. 194. Acquisition of refined petroleum products for storage in 
                            the Reserve.
``Sec. 195. Plan for administration of Reserve.''.
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