SenateS. 5650119th Congress

SPR Readiness and Long-Term Modernization Act

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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 5650 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 5650

To align priorities and investments relating to the Strategic Petroleum 
                    Reserve, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                           September 30, 2026

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

_______________________________________________________________________

                                 A BILL

 
To align priorities and investments relating to the Strategic Petroleum 
                    Reserve, 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 ``SPR Readiness and Long-Term 
Modernization Act''.

SEC. 2. PRIORITIZATION AND INVESTMENTS RELATING TO THE STRATEGIC 
              PETROLEUM RESERVE.

    (a) Repeal of Certain Drawdown and Sale Requirements for the 
Strategic Petroleum Reserve.--The following provisions of law requiring 
a drawdown or sale of the Strategic Petroleum Reserve are repealed:
            (1) Section 3009 of the America's Water Infrastructure Act 
        of 2018 (Public Law 115-270; 132 Stat. 3870).
            (2) Section 90002 of the Infrastructure Investment and Jobs 
        Act (42 U.S.C. 6241 note; Public Law 117-58).
    (b) Assessment and Long-Term Plan.--Not later than 180 days after 
the date of enactment of this Act, the Secretary of Energy shall--
            (1) complete a long-range strategic review of the Strategic 
        Petroleum Reserve; and
            (2) develop and submit to Congress a proposed action plan, 
        including a proposed implementation schedule, that--
                    (A) specifies near-term and long-term roles of the 
                Strategic Petroleum Reserve relative to the energy and 
                economic security goals and objectives of the United 
                States;
                    (B) describes whether existing legal authorities 
                that govern the policies, configuration, and 
                capabilities of the Strategic Petroleum Reserve are 
                adequate to ensure that the Strategic Petroleum Reserve 
                can meet the current and future energy and economic 
                security goals and objectives of the United States;
                    (C) identifies the configuration and performance 
                capabilities of the Strategic Petroleum Reserve and 
                recommends an action plan to achieve the optimal--
                            (i) capacity, location, and composition of 
                        petroleum products in the Strategic Petroleum 
                        Reserve; and
                            (ii) storage and distributional 
                        capabilities; and
                    (D) estimates the resources required to attain and 
                maintain the long-term sustainability and operational 
                effectiveness of the Strategic Petroleum Reserve.
    (c) Updated Reporting Requirements.--Section 165 of the Energy 
Policy and Conservation Act (42 U.S.C. 6245) is amended--
            (1) in paragraph (5), by striking ``in the preceding year 
        and planned in the following year'' and inserting ``during the 
        period covered by the report and planned during the following 
        180 days'';
            (2) in paragraph (8), by striking ``for the year'' and 
        inserting ``during that period'';
            (3) in paragraph (10), by adding ``and'' after the 
        semicolon at the end;
            (4) by redesignating paragraphs (1) through (11) as 
        paragraphs (2) through (12), respectively; and
            (5) by striking the section designation and heading and all 
        that follows through ``shall include--'' in the second sentence 
        of the matter preceding paragraph (2) (as so redesignated) and 
        inserting the following:

``SEC. 165. SEMIANNUAL REPORTS.

    ``(a) In General.--Not less frequently than twice each year, the 
Secretary shall submit to the President and Congress a report 
describing actions carried out to implement this part during the 
preceding 180-day period.
    ``(b) Inclusions.--Each report under this section shall include, 
with respect to the period covered by the report--
            ``(1) impacts to any well, cavern, or related facilities of 
        the Reserve;''.
    (d) Technical and Conforming Amendments.--
            (1) Section 151 of the Energy Policy and Conservation Act 
        (42 U.S.C. 6231) is amended--
                    (A) by striking the section designation and heading 
                and all that follows through ``Congress finds that'' in 
                subsection (a) and inserting the following:

``SEC. 151. FINDINGS; DECLARATION OF POLICY.

    ``(a) Findings.--Congress finds that--''; and
                    (B) in subsection (b), by striking ``(b) It'' and 
                inserting the following:
    ``(b) Declaration of Policy.--It''.
            (2) Section 152 of the Energy Policy and Conservation Act 
        (42 U.S.C. 6232) is amended--
                    (A) by striking paragraphs (5) and (6);
                    (B) by redesignating paragraphs (2), (4), (8), (9), 
                (10), and (11) as paragraphs (1), (2), (3), (4), (5), 
                and (6), respectively;
                    (C) in each of paragraphs (1) through (6) (as so 
                redesignated), by adding a paragraph heading, the text 
                of which comprises the term defined in the paragraph; 
                and
                    (D) by striking the section designation and heading 
                and all that follows through ``As used in'' in the 
                matter preceding paragraph (1) (as so redesignated) and 
                inserting the following:

``SEC. 152. DEFINITIONS.

    ``In''.
            (3) Section 154 of the Energy Policy and Conservation Act 
        (42 U.S.C. 6234) is amended by redesignating subsection (f) as 
        subsection (c).
            (4) Section 159 of the Energy Policy and Conservation Act 
        (42 U.S.C. 6239) is amended--
                    (A) in subsection (f)(7), by adding ``and'' after 
                the semicolon at the end; and
                    (B) by redesignating subsections (f), (g), (j), 
                (k), and (l) as subsections (a), (b), (c), (d), and 
                (e), respectively.
            (5)(A) Section 160 of the Energy Policy and Conservation 
        Act (42 U.S.C. 6240) is amended--
                    (i) in subsection (b), by redesignating paragraphs 
                (3) through (5) as paragraphs (2) through (4), 
                respectively; and
                    (ii) by redesignating subsections (f) and (h) as 
                subsections (d) and (e), respectively.
            (B) Section 167 of the Energy Policy and Conservation Act 
        (42 U.S.C. 6247) is amended by striking ``section 160(f)'' each 
        place it appears and inserting ``section 160(d)''.
            (6)(A) Section 161 of the Energy Policy and Conservation 
        Act (42 U.S.C. 6241) is amended--
                    (i) in subsection (g)--
                            (I) by conforming the margin of paragraph 
                        (6) so as to conform with the margin of 
                        paragraph (5); and
                            (II) by redesignating paragraphs (3) 
                        through (8) as paragraphs (2) through (7), 
                        respectively;
                    (ii) in subsection (h)(1)--
                            (I) in subparagraph (A), by striking 
                        ``subsection (d)'' and inserting ``subsection 
                        (b)''; and
                            (II) by conforming the margins of 
                        subparagraphs (C) and (D) so as to conform with 
                        the margin of subparagraph (B);
                    (iii) in subsection (j)(2), in the paragraph 
                heading, by striking ``In general'' and inserting 
                ``Authorization''; and
                    (iv) by redesignating subsections (d), (e), (g), 
                (h), (i), and (j) as subsections (b), (c), (d), (e), 
                (f), and (g), respectively.
            (B) Section 167 of the Energy Policy and Conservation Act 
        (42 U.S.C. 6247) is amended by striking ``subsection (g) of 
        such section'' each place it appears and inserting ``subsection 
        (d) of that section''.
            (7) Section 167(b) of the Energy Policy and Conservation 
        Act (42 U.S.C. 6247(b)) is amended--
                    (A) by redesignating paragraphs (2) and (3) as 
                subparagraphs (A) and (B), respectively, and indenting 
                the subparagraphs appropriately;
                    (B) in the undesignated matter following 
                subparagraph (B) (as so redesignated), by striking 
                ``Funds'' and inserting the following:
            ``(2) Availability.--The funds made''; and
                    (C) by striking ``(b) Amounts'' and inserting the 
                following:
    ``(b) Obligation.--
            ``(1) In general.--Amounts''.
            (8) Section 168(a) of the Energy Policy and Conservation 
        Act (42 U.S.C. 6247a(a)) is amended, in the first sentence, by 
        striking ``product owned'' and inserting ``products owned''.
            (9) Section 169(b) of the Energy Policy and Conservation 
        Act (42 U.S.C. 6247b(b)) is amended by striking ``The'' and 
        inserting ``In this section, the''.
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