Bipartisan legislation set to be introduced Tuesday would require an annual report from the Biden administration disclosing any physical or cybersecurity threats to the nation’s emergency oil reserves.
The Strategic Petroleum Reserve Security Assessment Act, which was first previewed by The Washington Times, seeks to keep a check on the government’s oil stockpile that President Biden drained last year in an attempt to blunt high gasoline prices.
Under the legislation, the Department of Energy would be required to deliver an annual threat assessment to Congress detailing potential danger to oil stockpile facilities or other related infrastructure. Republicans have accused Mr. Biden of jeopardizing U.S. energy security with a record drawdown of 180 million barrels in 2022, a selloff that had a minimal impact on prices as gas topped $5 per gallon.
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