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119-hr-92119th CongressWALLET

Strategic Production Response and Implementation Act

Sponsored By: Representative Biggs, Andy [R-AZ-5]

Introduced

Summary

Ties Strategic Petroleum Reserve drawdowns to increases in federal land leasing for oil and gas.

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The bill would require the Department of Energy to develop and implement a plan that raises the percentage of federal lands leased for oil and gas by the same percentage as any drawdown from the Strategic Petroleum Reserve (SPR). The plan would be limited to a total increase of no more than 10% and must be prepared in consultation with the Secretaries of Agriculture, Energy, the Interior, and Defense.

  • Department of Energy and SPR operations: DOE could not begin a drawdown from the SPR until it has implemented the matching leasing plan, except in a severe energy supply interruption allowed under current law. This ties future SPR releases to a production-oriented plan.
  • Federal land managers and agencies: The plan must cover lands under the jurisdiction of the four named secretaries and include submerged lands of the Outer Continental Shelf. Those agencies must be consulted when preparing the plan.
  • Oil and gas industry and leasing: Any matched increase would expand the percentage of federal lands leased for oil and gas by the same percentage as the SPR drawdown, but the expansion may not exceed 10% of the baseline described in the plan.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Oil reserve drawdowns require more leasing

If enacted, the Energy Department would need a plan before the first Strategic Petroleum Reserve drawdown after enactment. The plan would raise the share of federal land leased for oil and gas by the same percent as the oil released, with a total increase capped at 10 percentage points. It would cover later drawdowns too, including sales, exchanges, or loans, and would be prepared with Agriculture, Interior, and Defense. The rule would include submerged Outer Continental Shelf lands. The requirement would not apply during a severe energy supply interruption, and drawdowns could not start until the plan is in place.

Sponsors & CoSponsors

Sponsor

Biggs, Andy [R-AZ-5]

AZ • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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