A bill to amend the Department of Energy Organization Act to encourage the domestic development and production of synthetic fuels.

[AI summary unavailable — showing source text] Amends the Department of Energy Organization Act to declare national goals for the domestic production of synthetic fuels and synthetic chemical feedstocks. Directs the Secretary of Energy to acquire for use or resale by the United States Government not less than 1,000,000 barrels per day crude oil equivalent of synthetic fuels and synthetic chemical feedstocks within a specified period. Authorizes the Secretary to contract for purchases of such fuels and feedstocks and to provide for the development and production thereof for national defense preparedness. Sets forth terms and conditions for such contracts. Directs the Secretary to install additional equipment and facilities in federally-owned industrial facilities and to organize corporations for the purposes of achieving the goals set forth under this Act. Directs the Secretary to require suppliers to provide such fuels and feedstocks and to install Government-owned equipment in privately-owned industrial facilities when the President deems it necessary for national defense purposes. Establishes in the United States Treasury a synthetic fuel fund for the purpose of carrying out the programs authorized by this Act. Directs each F…