[United States Statutes at Large, Volume 122, 110th Congress, 2nd Session]
[From the U.S. Government Publishing Office, www.gpo.gov]

122 STAT. 879

Public Law 110-232
110th Congress

An Act


 
To suspend the acquisition of petroleum for the Strategic Petroleum
Reserve, and for other purposes. [NOTE: May 19, 2008 -  [H.R. 6022]]

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress [NOTE: Strategic Petroleum Reserve
Fill Suspension and Consumer Protection Act of 2008.] assembled,
SECTION 1. SHORT TITLE.

This Act may be cited as the ``Strategic Petroleum Reserve Fill
Suspension and Consumer Protection Act of 2008''.
SEC. 2. SUSPENSION OF PETROLEUM ACQUISITION FOR STRATEGIC
PETROLEUM RESERVE.

(a) In General.--Except [NOTE: Time period.]  as provided in
subsection (b) and notwithstanding any other provision of law, during
the period beginning on the date of enactment of this Act and ending on
December 31, 2008--
(1) the Secretary of the Interior shall suspend acquisition
of petroleum for the Strategic Petroleum Reserve through the
royalty-in-kind program; and
(2) the Secretary of Energy shall suspend acquisition of
petroleum for the Strategic Petroleum Reserve through any
acquisition method.

(b) Resumption in Calendar Year 2008.--
During [NOTE: Deadline. President. Notification.]  the period
specified in subsection (a) but not earlier than 30 days after the date
on which the President notifies Congress that the President has
determined that the weighted average price of petroleum in the United
States for the most recent 90-day period is $75 or less per barrel--
(1) the Secretary of the Interior may resume acquisition of
petroleum for the Strategic Petroleum Reserve through the
royalty-in-kind program; and
(2) the Secretary of Energy may resume acquisition of
petroleum for the Strategic Petroleum Reserve through any
acquisition method.

(c) Existing Contracts.--
(1) Department of the interior contracts.--In the case of
any royalty-in-kind oil scheduled to be delivered to the
Department of Energy for the Strategic Petroleum Reserve
pursuant to a contract entered into by the Secretary of Interior
prior to, and in effect on, the date of enactment of this Act,
the Secretary of Energy shall accept delivery of such oil.
(2) Department of energy contracts.--In the case of any oil
scheduled to be delivered to the Strategic Petroleum Reserve
pursuant to a contract entered into by the Secretary of Energy
prior to, and in effect on, the date of enactment

[[Page 880]]
122 STAT. 880

of this Act, the Secretary shall, to the maximum extent
practicable, negotiate a deferral of the delivery of the oil in
accordance with procedures of the Department of Energy in effect
on the date of enactment of this Act for deferrals of oil.

Approved May 19, 2008.

LEGISLATIVE HISTORY--H.R. 6022:
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CONGRESSIONAL RECORD, Vol. 154 (2008):
May 13, considered and passed House.
May 14, considered and passed Senate.