Senate Transport Bill Eyes Crude Sale from US Petroleum Reserve

The U.S. Senate's new transportation funding bill proposes the sale of 101 million barrels of crude oil from the government's Strategic Petroleum Reserve in the fiscal 2018-2025 period, collecting $9 billion to fund road and rail projects.

 

A summary of the three-year funding bill released on Tuesday by Senate Republicans also proposes to collect $16.3 billion by slashing the 6 percent dividend rate paid to large banks to 1.5 percent.