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119-s-5650119th CongressWALLET

SPR Readiness and Long-Term Modernization Act

Sponsored By: Senator Heinrich, Martin [D-NM]

Introduced

Summary

This bill would shift the Strategic Petroleum Reserve from statutory drawdowns and forced sales to a focus on _readiness and long‑term modernization_. It repeals existing mandatory sale or drawdown triggers and creates a planning and reporting framework to guide SPR size, location, and capabilities.

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Bill Overview

Analyzed Economic Effects

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

Strategic Petroleum Reserve planning changes

This bill would repeal two laws that require specific drawdowns or sales from the Strategic Petroleum Reserve. It would require the Energy Secretary to finish a long-range strategic review and send Congress a detailed action plan within 180 days. The plan would set near- and long-term SPR roles, assess authorities, recommend optimal capacity, location, product mix, and storage and distribution needs, and estimate resources required. The bill would also change Energy Policy and Conservation Act reporting to a semiannual schedule covering the prior 180 days and the next 180 days, and it would make related technical and conforming fixes.

Sponsors & CoSponsors

Sponsor

Heinrich, Martin [D-NM]

NM • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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