SEC. 50401. Strategic Petroleum Reserve.
(a) Energy Policy and Conservation Act definitions.—In this section, the terms “related facility”, “storage facility”, and “Strategic Petroleum Reserve” have the meanings given those terms in section 152 of the Energy Policy and Conservation Act (42 U.S.C. 6232).
(b) Appropriations.—In addition to amounts otherwise available, there is appropriated to the Department of Energy for fiscal year 2025, out of any money in the Treasury not otherwise appropriated, to remain available until September 30, 2029—
(1) $218,000,000 for maintenance of, including repairs to, storage facilities and related facilities of the Strategic Petroleum Reserve; and
(2) $171,000,000 to acquire, by purchase, petroleum products for storage in the Strategic Petroleum Reserve.
(c) Repeal of strategic petroleum reserve drawdown and sale mandate.—Section 20003 of Public Law 115–97 (42 U.S.C. 6241 note) is repealed.
SEC. 50402. Repeals; rescissions.
(a) Repeal and rescission.—Section 50142 of Public Law 117–169 (136 Stat. 2044) (commonly known as the “Inflation Reduction Act of 2022”) is repealed and the unobligated balance of amounts made available under that section (as in effect on the day before the date of enactment of this Act) is rescinded.
(b) Rescissions.—
(1) IN GENERAL.—The unobligated balances of amounts made available under the sections described in paragraph (2) are rescinded.
(2) SECTIONS DESCRIBED.—The sections referred to in paragraph (1) are the following sections of Public Law 117–169 (commonly known as the “Inflation Reduction Act of 2022”):
(A) Section 50123 (42 U.S.C. 18795b).
(B) Section 50141 (136 Stat. 2042).
(C) Section 50144 (136 Stat. 2044).
(D) Section 50145 (136 Stat. 2045).
(E) Section 50151 (42 U.S.C. 18715).
(F) Section 50152 (42 U.S.C. 18715a).
(G) Section 50153 (42 U.S.C. 18715b).
(H) Section 50161 (42 U.S.C. 17113b).
SEC. 50403. Energy dominance financing.
(a) In general.—Section 1706 of the Energy Policy Act of 2005 (42 U.S.C. 16517) is amended—
(1) in subsection (a)—
(A) in paragraph (1), by striking “or” at the end;
(B) in paragraph (2), by striking “avoid” and all that follows through the period at the end and inserting “increase capacity or output; or”; and
(C) by adding at the end the following:
“(3) support or enable the provision of known or forecastable electric supply at time intervals necessary to maintain or enhance grid reliability or other system adequacy needs.”;
(2) by striking subsection (c);
(3) by redesignating subsections (d) through (f) as subsections (c) through (e), respectively;
(4) in subsection (c) (as so redesignated)—
(A) in paragraph (1), by adding “and” at the end;
(B) by striking paragraph (2); and
(C) by redesignating paragraph (3) as paragraph (2);
(5) in subsection (e) (as so redesignated), by striking “for—” in the matter preceding paragraph (1) and all that follows through the period at the end of paragraph (2) and inserting “for enabling the identification, leasing, development, production, processing, transportation, transmission, refining, and generation needed for energy and critical minerals.”; and
(6) by adding at the end the following:
“(f) Funding.—
“(1) IN GENERAL.—In addition to amounts otherwise available, there is appropriated to the Secretary for fiscal year 2025, out of any money in the Treasury not otherwise appropriated, $1,000,000,000, to remain available through September 30, 2028, to carry out activities under this section.
“(2) ADMINISTRATIVE COSTS.—Of the amount made available under paragraph (1), the Secretary shall use not more than 3 percent for administrative expenses.”.
(b) Commitment authority.—Section 50144(b) of Public Law 117–169 (commonly known as the “Inflation Reduction Act of 2022”) (136 Stat. 2045) is amended by striking “2026” and inserting “2028”.
SEC. 50404. Transformational artificial intelligence models.
(a) Definitions.—In this section:
(1) AMERICAN SCIENCE CLOUD.—The term “American science cloud” means a system of United States government, academic, and private sector programs and infrastructures utilizing cloud computing technologies to facilitate and support scientific research, data sharing, and computational analysis across various disciplines while ensuring compliance with applicable legal, regulatory, and privacy standards.
(2) ARTIFICIAL INTELLIGENCE.—The term “artificial intelligence” has the meaning given the term in section 5002 of the National Artificial Intelligence Initiative Act of 2020 (15 U.S.C. 9401).
(b) Transformational models.—The Secretary of Energy shall—
(1) mobilize National Laboratories to partner with industry sectors within the United States to curate the scientific data of the Department of Energy across the National Laboratory complex so that the data is structured, cleaned, and preprocessed in a way that makes it suitable for use in artificial intelligence and machine learning models; and
(2) initiate seed efforts for self-improving artificial intelligence models for science and engineering powered by the data described in paragraph (1).
(c) Uses.—
(1) MICROELECTRONICS.—The curated data described in subsection (b)(1) may be used to rapidly develop next-generation microelectronics that have greater capabilities beyond Moore’s law while requiring lower energy consumption.
(2) NEW ENERGY TECHNOLOGIES.—The artificial intelligence models developed under subsection (b)(2) shall be provided to the scientific community through the American science cloud to accelerate innovation in discovery science and engineering for new energy technologies.
(d) Appropriations.—There is appropriated, out of any funds in the Treasury not otherwise appropriated, $150,000,000, to remain available through September 30, 2026, to carry out this section.