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H.R. 21, Strategic Production Response Act (CBO Report for Congress)

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Congress 118th
Date Requested Jan. 9, 2023
Date Sent Jan. 23, 2023
Description:
H.R. 21 would prohibit drawdowns and sales from the Strategic Petroleum Reserve, except during severe interruptions of the energy supply, unless the Department of Energy (DOE) developed a plan to increase the share of federal land that is leased for oil and gas production. The bill would direct DOE to develop such a plan in consultation with the Departments of Agriculture, Defense, and the Interior. CBO anticipates that, over the 2023-2033 period, no drawdowns under current law would be subject to the bill’s provisions.

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