Page:United States Statutes at Large Volume 104 Part 1.djvu/762

 104 STAT. 728 PUBLIC LAW 101-383—SEPT. 15, 1990 "(D) below the level of an aggregate of 500,000,000 barrels of petroleum product stored in the Reserve. Reports. "(3) During any period in which there is a drawdown and distribution of the Reserve in effect under this subsection, the Secretary shall transmit a monthly report to the Congress containing an account of the drawdown and distribution of petroleum products under this subsection and an assessment of its effect. "(4) In no case may the drawdown under this subsection be extended beyond 60 days with respect to any domestic energy supply shortage.". SEC. 4. ENLARGEMENT OF SPR TO ONE BILLION BARRELS. (a) IN GENERAL. — Section 159 of the Energy Policy and Conservation Act (42 U.S.C. 6239) is amended by adding at the end the following new subsections: Reports. "(i) No later than 18 months after the date of the enactment of the Energy Policy and Conservation Act Amendments of 1990, the Secretary shall transmit to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives a report on the results of negotiations undertaken pursuant to part C. The report shall— "(1) describe the terms of any contracts negotiated pursuant to part C and any cost savings that would result from such contracts relative to the costs of acquisition pursuant to part B; and "(2) give all available information on any cost savings that would likely result from additional contracts that could be negotiated pursuant to part C for completion of the storage of one billion barrels of petroleum product in the Reserve relative to the costs of acquisition pursuant to part B. "(j) No later than 24 months after the date of the enactment of the Energy Policy and Conservation Act Amendments of 1990, the Secretary shall amend the Strategic Petroleum Reserve Plan to prescribe plans for completion of storage of one billion barrels of petroleum product in the Reserve. Such amendment shall comply with the provisions of this section and shall detail the Secretary's plans for the design, construction, leasing or other acquisition, and fill of storage and related facilities of the Reserve to achieve such one billion barrels of storage. Such amendment shall not be subject to the congressional review procedures contained in section 551. In assessing alternatives in the development of such plans, the Secretary shall consider leasing privately owned storage facilities.". (b) CONFORMING AMENDMENTS.—Section 160 of the Energy Policy and Conservation Act (42 U.S.C. 6240) is amended— (1) in subsection (c)(3)— (A) by striking out "fiscal years 1988 and 1989" and inserting in lieu thereof "fiscal year 1994"; and (B) by striking out "at least 750,000,000" and inserting in lieu thereof "1,000,000,000"; and (2) in subsection (d)(1), by inserting before the period at the end of subparagraph (B) the following: "and the Secretary has amended the Strategic Petroleum Reserve Plan as required by section 159(j)". (c) FACILITIES.— Section 160(d)(1)(A) of such Act (42 U.S.C. 6240(d)(1)(A)) is amended by inserting after "within" the following: "Government owned facilities of.

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