HR 6817 · 110th Congress · Energy
Fulfilling U.S. Energy Leadership Act of 2008
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on General Farm Commodities and Risk Management.(2008-10-03)
Plain Language Summary
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Fulfilling U.S. Energy Leadership Act of 2008 - Authorizes the Secretary of the Interior to conduct an inventory of oil and natural gas resources beneath the waters of the Outer Continental Shelf (OCS), other than the Gulf of Mexico. Directs the Secretary to offer for oil and natural gas leasing all areas for which an inventory is conducted. Prohibits the Secretary from conducting an inventory for any areas of the OCS located within 50 miles of a state coastline or between 50 and 100 miles from a coastline if a state objects to an inventory in that area. Amends the Energy Policy Act of 2005 to authorize the Secretary of Energy to enter into: (1) standby loan agreements with up to six qualifying CTL projects, at least one of which shall be owned by two or more small coal producers; and (2) a profit-sharing agreement with the project at the time the standby loan agreement is executed. Defines "qualifying CTL project" as: (1) a commercial-scale project that converts coal to liquid or gaseous transportation fuels; or (2) not more than one project at a facility that converts petroleum refinery waste products into liquids or gaseous transportation fuels. Establishes in the Trea…
Summarized by Claude AI · Non-partisan · For informational purposes only