A bill to amend the Internal Revenue Code of 1954 to provide for an energy conservation tax and an increase in the tax on gasoline, to establish the Energy Department and Supply Trust Fund, and for other purposes.

[AI summary unavailable — showing source text] Establishes the Energy Development and Supply Commission to be composed of five members. Prohibits service on the Commission of any individual who has at any time been affiliated with or has held pecuniary interest in any energy production or distribution industry or transportation industry. Requires members to have experience and competence regarding the environment and its protection, consumer protection, and energy-related research and development. Directs the Commission to maintain research and development programs to: (1) develop low-cost, environmentally sound energy sources and energy generation, transmission, and distribution processes for transportation, industrial, and residential use, and other areas, with primary emphasis on the development of all aspects of solar energy sources; (2) develop processes and techniques of energy conservation for use in construction, transportation, and in the manufacture of consumer and capital goods; and (3) develop new fuels for self-propelled vehicles, and, with respect to such vehicles, alternatives to the internal combustion engine. Orders the Commission to establish and maintain national defense petroleum reserves on public lands of …