US Codex
Bill
Notes

S. 1337 — what changed

Capitalizing on American Storage Potential Act

From Introduced in Senate to Reported in Senate. 1 section amended between Introduced in Senate and Reported in Senate.

Sec. 2 Strategic energy infrastructure projects

Section 1703 of the Energy Policy Act of 2005 (42 U.S.C. 16513) is amended—

(1)
in subsection (b)—
(A)
in paragraph (2), by striking “in subsection (d))” and inserting “described in subsection (d) and strategic energy infrastructure meeting the criteria described in subsection (f))”; and
(B)
by adding at the end the following:

“(11) Strategic energy infrastructure meeting the criteria described in subsection (f).”

(2)
by adding at the end the following:

“(f) Strategic Energy Infrastructure projects—The Secretary may make guarantees under this section for any strategic energy infrastructure project that is a regional project—

“(1) that supports a more effective energy market performance due to the scale of the project, such as a project with the capacity to store and distribute greater than 100,000 barrels per day of hydrocarbon feedstock with a minimum gross heating value of 1,700 Btu per standard cubic foot; and

changed “(2) with the potential to significantly contribute to the economic resilience of the region in which the project is located.”located.”.which the project is located.

added “(g) National security review—Before making a guarantee for a project under this section, the Secretary shall certify that the guarantee is in the national interest and will not harm the national security of the United States, in accordance with Department of Energy Order 142.5 (relating to the Committee on Foreign Investment in the United States) (or a successor order).”