116th CONGRESS 2d Session |
To appropriate funds for the SPR Petroleum Account.
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
To appropriate funds for the SPR Petroleum Account.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 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)).