S. 2661 allows pipeline operators to use risk-based inspection methods for in-service breakout tanks—storage tanks used in pipeline systems—rather than following potentially more rigid inspection schedules. The bill affects pipeline facility owners and operators across the country by giving them flexibility in how they demonstrate compliance with federal safety inspection requirements under pipeline safety regulations. The Secretary of Transportation, through the Pipeline and Hazardous Materials Safety Administration, is directed to update federal regulations to formally establish these risk-based inspection standards as soon as practicable after the bill's enactment. The legislation does not specify new funding or a set timeline for implementation beyond the "as soon as practicable" language directing the regulatory update.
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