Strategic Production Response Act

Strategic Production Response Act

This bill limits the drawdown of petroleum in the Strategic Petroleum Reserve (SPR) until the Department of Energy (DOE) submits to Congress a plan to increase the percentage of federal lands leased for oil and gas production. Specifically, the bill prohibits DOE from drawing down petroleum in the SPR for nonemergency purposes until it submits a plan to increase the percentage of federal lands, including submerged lands of the Outer Continental Shelf, that are leased for oil and gas production to offset any drawdowns on or after January 21, 2021.

The Bill 118 hr 21, also known as the Strategic Production Response Act, was introduced in the US Congress with the aim of addressing issues related to the production and distribution of essential goods during times of crisis. The bill focuses on creating a strategic plan for increasing domestic production of critical goods, such as medical supplies, pharmaceuticals, and other essential items.

One of the key provisions of the bill is the establishment of a task force that will be responsible for identifying key industries and products that are essential for national security and public health. The task force will work with industry stakeholders to develop strategies for increasing domestic production capacity and reducing reliance on foreign suppliers.

Additionally, the bill includes measures to streamline regulatory processes and provide incentives for companies to invest in domestic production facilities. This includes tax incentives, grants, and other financial support to encourage companies to expand their manufacturing operations in the United States. Overall, the Strategic Production Response Act aims to strengthen the country's ability to respond to crises by ensuring a reliable and resilient supply chain for essential goods. The bill has received bipartisan support in Congress and is seen as a critical step towards enhancing national security and public health preparedness.