DOE and GSA Compliance With the Strategic and Critical Materials Stock Piling Act

Pursuant to a congressional request, GAO reviewed certain aspects of the Strategic and Critical Materials Stock Piling Act to determine whether: (1) the Department of Energy (DOE) must make monthly transfers of 30 percent of net naval petroleum reserve receipts to the National Defense Stockpile Transaction Fund; and (2) the General Services Administration (GSA) is correct in asserting that bartering stockpile materials for upgrading provides no receipts and, therefore, is not affected by the $250 million Transaction Fund limitation specified in that law.