Alan Simpson: “First let me say that I understand the gentleman's concerns for the economic hardships of his region and appreciate his…”

“First let me say that I understand the gentleman's concerns for the economic hardships of his region and appreciate his passion on this issue. His amendment would be an increase of 50 percent above the funding in the bill. Additionally, the amendment would pay for that increase with a cut to the Strategic Petroleum Reserve account. The bill funds the Reserve account at the budget request in order to ensure the continued operability of the Reserve. This funding will provide for the basic annual costs as well as addressing some of the deferred maintenance backlog. I know it doesn't always sound exciting, but the Strategic Petroleum Reserve is a Federal asset that must be properly maintained. It contributes to our Nation's energy security and economic stability. For these reasons, I must oppose the amendment. I urge my colleagues to vote ``no.'' I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Vermont (Mr. Welch). The question was taken; and the Acting Chair announced that the noes appeared to have it.”