A bill to appropriate funds for the SPR Petroleum Account.

Bill: 116-s-3597
Sponsor: full_name: Sen. Hoeven, John [R-ND]
Introduced: 2020-05-04
Policy area: Energy
Subjects: Appropriations

Department of Energy

Energy storage, supplies, demand

Executive agency funding and structure

Oil and gas

Strategic materials and reserves
Latest action: action_date: 2020-05-04
text: Read twice and referred to the Committee on Appropriations.

Summaries:
action_date: 2020-05-04
action_desc: Introduced in Senate
text: <p>This bill provides $3 billion in appropriations to the Department of Energy for expenses related to the acquisition, transportation, and injection of domestic petroleum products for the Strategic Petroleum Reserve. The appropriations are available through FY2021 and are designated as emergency spending, which is exempt from discretionary spending limits. </p>

tv_txt: II 116th CONGRESS 2d Session S. 3597 IN THE SENATE OF THE UNITED STATES May 4, 2020 Mr. Hoeven (for himself, Mr. Jones , Mr. Cornyn , Mr. Cramer , Mr. Cruz , Ms. Murkowski , Mr. Sullivan , Mr. Inhofe , Mr. Barrasso , and Mr. Wicker ) introduced the following bill; which was read twice and referred to the Committee on Appropriations A BILL To appropriate funds for the SPR Petroleum Account.

1. Funding for SPR Petroleum Account (a) In general There is appropriated, out of amounts in the Treasury not otherwise appropriated, for the fiscal year ending September 30, 2020, $3,000,000,000 for additional amounts for the SPR Petroleum Account for necessary expenses related to the acquisition, transportation, and injection of domestic petroleum products pursuant to the Energy Policy and Conservation Act ( 42 U.S.C. 6201 et seq.), to remain available until September 30, 2021. (b) Emergency designation The amount provided by this section is designated by the Congress as being for an emergency requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 901(b)(2)(A)(i) ).