Summary: S.3618 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.3618. Bill summaries are authored by CRS.

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Introduced in Senate (11/14/2018)

Strategic Petroleum Reserve Reform Act

This bill amends the Energy Policy and Conservation Act to authorize the Department of Energy (DOE) to lease underutilized Strategic Petroleum Reserve storage facilities to private entities. Currently, DOE may only lease these storage facilities to foreign governments.

DOE must conduct a pilot program to lease underutilized storage facilities. The program must make available capacity for storage of up to 200 million barrels of petroleum products.