Post by Lance Lillidge on Apr 21, 2008 21:22:02 GMT -5
Senator LILLIDGE presents, for himself,
A BILL
To improve energy security of the United States through a reduction in the oil intensity of the economy of the United States and expansion of secure oil supplies, to be achieved by increasing the availability of alternative fuel sources, fostering responsible oil exploration and production, and improving international arrangements to secure the global oil supply, and for other purposes.
SECTION ONE. SHORT TITLE
1) This bill shall be cited as the "Energy Independence Omnibus Act."
SECTION TWO. EMERGING BIOFUELS
1) Establishment of Incentive Program- The Secretary of Energy (referred to in this section as the `Secretary') shall establish a program under which the Secretary shall provide to eligible entities such incentives (including grants, loans, and loan guarantees) as the Secretary determines to be appropriate for the production of cellulosic ethanol and other emerging biofuels derived from renewable sources (including municipal solid waste).
2) To be eligible to receive an incentive under this section, an eligible entity shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require, including--
(1) a description of the project for which the incentive will be used;
(2) a description of the use by the eligible entity of the incentive; and
(3) an estimate of the annual production using the incentive by the eligible entity of cellulosic ethanol or another biofuel, expressed on a per-gallon basis.
3) Section Requirements
(a) MINIMUM NUMBER OF INCENTIVES- The Secretary shall provide incentives under this section to not less than 6 biorefineries located in different regions of the United States.
(b) LEAST-COST INCENTIVES- The Secretary shall provide incentives under this section only to eligible entities the applications of which reflect the least-cost use of the incentives, on a per-gallon basis, with respect to similar projects.
4) There is authorized to be appropriated to carry out this section $500,000,000.
SECTION THREE. BIODIESEL
1) Not later than 180 days after the date of enactment of this Act, the Secretary of Energy shall submit to Congress a report on any research and development challenges inherent in increasing to 5 percent the proportion of diesel fuel sold in the United States that is biodiesel, as defined in section 757 of the Energy Policy Act of 2005 (42 U.S.C. 16105).
2) The Administrator of the Environmental Protection Agency shall promulgate regulations providing for the uniform labeling of biodiesel blends that are certified to meet applicable standards published by the American Society for Testing and Materials.
SECTION FOUR. UNCONVENTIONAL FOSSIL FUELS
1) The Secretary of Energy shall carry out a 10-year carbon capture research and development program to develop carbon dioxide capture technologies that can be used in the recovery of liquid fuels from oil shale and the production of liquid fuels in coal utilization facilities to minimize the emissions of carbon dioxide from those processes.
2) There are authorized to be appropriated to carry out this section--
a) $50,000,000 for the period of fiscal years 2020 and 2021; and
b) $100,000,000 for the period of fiscal years 2021 through 2024.
SECTION FIVE. STUDY OF INCENTIVES FOR RENEWABLE FUELS
1) Study- The Director of the National Science Foundation (in consultation with the Secretary of Energy, the Secretary of the Treasury, Secretary of Agriculture, the Administrator of the Environmental Protection Agency, representatives of the biofuels industry, the oil industry, and other interested parties) shall conduct a study of the renewable fuels industry and markets in the United States, including--
(a) the costs to produce corn-based and cellulosic-based ethanol and biobutanol, biodiesel, and other emerging biofuels;
(b) the factors affecting the future market prices for those biofuels, including world oil prices; and
© the level of tax incentives necessary, to the maximum extent practicable, to grow the biofuels industry of the United States to reduce the dependence of the United States on foreign oil during calendar years 2022 through 2032.
2) Goals- The study shall include an analysis of the types and advantages and disadvantages of tax incentive options to, to the maximum extent practicable--
(a) limit the overall cost of the tax incentives to the Federal Government;
(b) encourage expansion of the biofuels industry by ensuring that new plants and recently-built plants can fully amortize the investments in the plants;
© reward energy-efficient and low carbon-emitting technologies;
(d) ensure that pioneering processes (such as those that convert cellulosic feedstocks like corn stover and switch grass to ethanol) are economically competitive with fossil fuels;
(e) encourage agricultural producer equity participation in ethanol plants; and
(f) encourage the development of higher blend markets, such as E-20, E30, and E-85.
3) Report- Not later than 1 year after the date of enactment of this Act, the Director shall submit a report that describes the results of the study to--
(a) the Committee on Domestic Affairs of the Senate;
(b) the Committee on Government Regulations and Commerce of the Senate;
© the Committee on Science, Health, Environment, and Education of the House of Representatives;
(d) the Committee on Budget, Economy, Labor, and Infrastructure of the House of Representatives; and
SECTION SIX. TREATMENT OF REVENUES UNDER OIL AND GAS LEASES FOR OTHER AREAS.
1) Amounts received by the United States as rentals, royalties, bonus bids, and other sums due and payable under Federal oil and gas leases for outer Continental Shelf planning areas that are opened for such leases after the date of the enactment of this subsection shall be deposited and paid to States adjoining such areas in substantially the same manner in which qualified outer Continental Shelf revenues are deposited and paid under this section.
SECTION SEVEN. ENACTMENT
1) The provisions of this bill shall be enacted upon its Constitutional passage and signature of the President of the United States of America.
A BILL
To improve energy security of the United States through a reduction in the oil intensity of the economy of the United States and expansion of secure oil supplies, to be achieved by increasing the availability of alternative fuel sources, fostering responsible oil exploration and production, and improving international arrangements to secure the global oil supply, and for other purposes.
SECTION ONE. SHORT TITLE
1) This bill shall be cited as the "Energy Independence Omnibus Act."
SECTION TWO. EMERGING BIOFUELS
1) Establishment of Incentive Program- The Secretary of Energy (referred to in this section as the `Secretary') shall establish a program under which the Secretary shall provide to eligible entities such incentives (including grants, loans, and loan guarantees) as the Secretary determines to be appropriate for the production of cellulosic ethanol and other emerging biofuels derived from renewable sources (including municipal solid waste).
2) To be eligible to receive an incentive under this section, an eligible entity shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require, including--
(1) a description of the project for which the incentive will be used;
(2) a description of the use by the eligible entity of the incentive; and
(3) an estimate of the annual production using the incentive by the eligible entity of cellulosic ethanol or another biofuel, expressed on a per-gallon basis.
3) Section Requirements
(a) MINIMUM NUMBER OF INCENTIVES- The Secretary shall provide incentives under this section to not less than 6 biorefineries located in different regions of the United States.
(b) LEAST-COST INCENTIVES- The Secretary shall provide incentives under this section only to eligible entities the applications of which reflect the least-cost use of the incentives, on a per-gallon basis, with respect to similar projects.
4) There is authorized to be appropriated to carry out this section $500,000,000.
SECTION THREE. BIODIESEL
1) Not later than 180 days after the date of enactment of this Act, the Secretary of Energy shall submit to Congress a report on any research and development challenges inherent in increasing to 5 percent the proportion of diesel fuel sold in the United States that is biodiesel, as defined in section 757 of the Energy Policy Act of 2005 (42 U.S.C. 16105).
2) The Administrator of the Environmental Protection Agency shall promulgate regulations providing for the uniform labeling of biodiesel blends that are certified to meet applicable standards published by the American Society for Testing and Materials.
SECTION FOUR. UNCONVENTIONAL FOSSIL FUELS
1) The Secretary of Energy shall carry out a 10-year carbon capture research and development program to develop carbon dioxide capture technologies that can be used in the recovery of liquid fuels from oil shale and the production of liquid fuels in coal utilization facilities to minimize the emissions of carbon dioxide from those processes.
2) There are authorized to be appropriated to carry out this section--
a) $50,000,000 for the period of fiscal years 2020 and 2021; and
b) $100,000,000 for the period of fiscal years 2021 through 2024.
SECTION FIVE. STUDY OF INCENTIVES FOR RENEWABLE FUELS
1) Study- The Director of the National Science Foundation (in consultation with the Secretary of Energy, the Secretary of the Treasury, Secretary of Agriculture, the Administrator of the Environmental Protection Agency, representatives of the biofuels industry, the oil industry, and other interested parties) shall conduct a study of the renewable fuels industry and markets in the United States, including--
(a) the costs to produce corn-based and cellulosic-based ethanol and biobutanol, biodiesel, and other emerging biofuels;
(b) the factors affecting the future market prices for those biofuels, including world oil prices; and
© the level of tax incentives necessary, to the maximum extent practicable, to grow the biofuels industry of the United States to reduce the dependence of the United States on foreign oil during calendar years 2022 through 2032.
2) Goals- The study shall include an analysis of the types and advantages and disadvantages of tax incentive options to, to the maximum extent practicable--
(a) limit the overall cost of the tax incentives to the Federal Government;
(b) encourage expansion of the biofuels industry by ensuring that new plants and recently-built plants can fully amortize the investments in the plants;
© reward energy-efficient and low carbon-emitting technologies;
(d) ensure that pioneering processes (such as those that convert cellulosic feedstocks like corn stover and switch grass to ethanol) are economically competitive with fossil fuels;
(e) encourage agricultural producer equity participation in ethanol plants; and
(f) encourage the development of higher blend markets, such as E-20, E30, and E-85.
3) Report- Not later than 1 year after the date of enactment of this Act, the Director shall submit a report that describes the results of the study to--
(a) the Committee on Domestic Affairs of the Senate;
(b) the Committee on Government Regulations and Commerce of the Senate;
© the Committee on Science, Health, Environment, and Education of the House of Representatives;
(d) the Committee on Budget, Economy, Labor, and Infrastructure of the House of Representatives; and
SECTION SIX. TREATMENT OF REVENUES UNDER OIL AND GAS LEASES FOR OTHER AREAS.
1) Amounts received by the United States as rentals, royalties, bonus bids, and other sums due and payable under Federal oil and gas leases for outer Continental Shelf planning areas that are opened for such leases after the date of the enactment of this subsection shall be deposited and paid to States adjoining such areas in substantially the same manner in which qualified outer Continental Shelf revenues are deposited and paid under this section.
SECTION SEVEN. ENACTMENT
1) The provisions of this bill shall be enacted upon its Constitutional passage and signature of the President of the United States of America.
