Page:United States Statutes at Large Volume 114 Part 3.djvu/1009

 PUBLIC LAW 106-469—NOV. 9, 2000 114 STAT. 2031 (D) by striking subsections (h) and (i); (E) by amending subsection (j) to read as follows: "(j) If the Secretary determines expansion beyond 700,000,000 barrels of petroleum product inventory is appropriate, the Secretary shall submit a plan for expansion to the Congress."; and (F) by amending subsection (1) to read as follows: "(1) During a drawdown and sale of Strategic Petroleum Reserve petroleum products, the Secretary may issue implementing rules, regulations, or orders in accordance with section 553 of title 5, United States Code, without regard to rulemaking requirements in section 523 of this Act, and section 501 of the Department of Energy Organization Act (42 U.S.C. 7191). "; (14) in section 160 (42 U.S.C. 6240)— (A) in subsection (a), by striking all before the dash and inserting the following— "(a) The Secretary may acquire, place in storage, transport, or exchange"; (B) in subsection (a)(1) by striking all after "Federal lands"; (C) in subsection (b), by striking ", including the Early Storage Reserve and the Regional Petroleum Reserve" and by striking paragraph (2); and (D) by striking subsections (c), (d), (e), and (g); (15) in section 161 (42 U.S.C. 6241)— (A) by striking "Distribution of the Reserve" in the title of this section and inserting "Sale of Petroleum Products"; (B) in subsection (a), by striking "drawdown and distribute" and inserting "drawdown and sell petroleum products in"; (C) by striking subsections (b), (c), and (f); (D) by amending subsection ((i)(l) to read as follows: "(d)(1) Drawdown and sale of petroleum products from the Strategic Petroleiim Reserve may not be made unless the President has found drawdown and sale are required by a severe energy supply interruption or by obligations of the United States under the international energy program."; (E) by amending subsection (e) to read as follows: "(e)(1) The Secretary shall sell petroleum products withdrawn from the Strategic Petroleum Reserve at public sale to the highest qualified bidder in the simounts, for the period, and after a notice of sale considered appropriate by the Secretary, and without regard to Federal, State, or local regulations controlling sales of petroleum products. "(2) The Secretary may cancel in whole or in part any offer to sell petroleum products as part of any drawdown and sale under this section."; and (F) in subsection (g)— (i) by amending paragraph (1) to read as follows: "(g)(1) The Secretary shall conduct a continuing evaluation of the drawdown and seiles procedures. In the conduct of an evaluation, the Secretary is authorized to carry out a test drawdown and sale or exchange of petroleum products from the Reserve. Such a test drawdown and S£Je or exchange may not exceed 5,000,000 barrels of petroleum products."; (ii) by striking paragraph (2);

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