Untitled section

(a) The Secretary of Energy may not establish any new regional petroleum product reserve unless funding for the proposed regional petroleum product reserve is explicitly requested in advance in an annual budget submitted by the President pursuant to section 1105 of title 31, United States Code, and approved by the Congress in an appropriations Act. (b) The budget request or notification shall include— (1) the justification for the new reserve; (2) a cost estimate for the establishment, operation, and maintenance of the reserve, including funding sources; (3) a detailed plan for operation of the reserve, including the conditions upon which the products may be released; (4) the location of the reserve; and (5) the estimate of the total inventory of the reserve.

(a) The Secretary of Energy may not establish any new regional petroleum product reserve unless funding for the proposed regional petroleum product reserve is explicitly requested in advance in an annual budget submitted by the President pursuant to section 1105 of title 31, United States Code, and approved by the Congress in an appropriations Act. (b) The budget request or notification shall include— (1) the justification for the new reserve; (2) a cost estimate for the establishment, operation, and maintenance of the reserve, including funding sources; (3) a detailed plan for operation of the reserve, including the conditions upon which the products may be released; (4) the location of the reserve; and (5) the estimate of the total inventory of the reserve.