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Strategic Production Response Act

Source: Congress.gov  ·  1,217 words in original text
WHAT THIS BILL DOES This bill requires the Secretary of Energy to develop a plan for increasing oil and gas leasing on federal lands before the first drawdown (removal and sale) of oil from the Strategic Petroleum Reserve (a federal emergency oil stockpile). The plan must increase the percentage of federal lands leased for oil and gas production by the same percentage as the petroleum being removed from the reserve, with a maximum increase limit of 15 percent. WHO IT AFFECTS The Secretary of Energy, the Secretary of Agriculture, the Secretary of the Interior, the Secretary of Defense, Congress, and companies seeking to lease federal lands for oil and gas production. KEY PROVISIONS - Before the first drawdown of petroleum from the Strategic Petroleum Reserve, the Secretary of Energy must develop and submit a plan to Congress to increase federal land leasing for oil and gas by a matching percentage, except in cases of severe energy supply interruption (Sec. 2(k)(1)) - The plan cannot allow the increase in federal land leasing to exceed 15 percent and cannot benefit any company with connections to specific foreign countries including China, North Korea, Russia, and Iran (Sec. 2(k)(2)) - The plan must identify specific areas for leasing within the Thompson Divide area in Colorado, including a list of parcels with their size, location, and required permits (Sec. 2(k)(5) and (6)) - The plan shall ensure that petroleum products from the reserve cannot be sold to Iran, China, North Korea, or Russia (Sec. 2(k)(3)) - Existing restrictions on oil and gas leasing in the North Atlantic Planning Area and South Atlantic Planning Area remain in effect (Sec. 4 and 5) WHAT CHANGES If this bill becomes law, the Secretary of Energy cannot proceed with drawing down and selling petroleum from the Strategic Petroleum Reserve without first creating and submitting a plan to increase federal oil and gas leasing. This adds a new requirement that ties reserve drawdowns to domestic oil and gas production increases on federal lands. IMPORTANT DEFINITIONS The bill defines "foreign entity of concern" as the People's Republic of China, the Democratic People's Republic of Korea, the Russian Federation, the Islamic Republic of Iran, and any other country subject to United States sanctions. EFFECTIVE DATE Not specified in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.