Energy Company of America Act

[AI summary unavailable — showing source text] Energy Company of America Act - Amends the Department of Energy Organization Act to establish a government corporation to be known as the Energy Company of America. Sets forth the composition of the Board of Directors of such Company. Authorizes the Company to: (1) explore for oil, natural gas, coal, and uranium on any Federal lands; (2) develop, produce, import, purchase, refine or enrich, store, transport, and sell fuel technology resources; (3) engage in research and development for improved methods of fuel resource technology; (4) obtain necessary equipment and facilities; (5) explore for, develop, produce, import, purchase, store, transport, and sell fuel resources in or from non-domestic sources; (6) sue and be sued in its corporate name, use a corporate seal, and adopt, amend, and repeal bylaws governing the operation of the Board; (7) determine employee qualifications, duties, and compensation; (8) enter into agreements necessary to conduct authorized activities; and (9) consult and cooperate with representatives of private and governmental activities. Sets forth the duties of the Company. Provides for production from standby reserves upon a finding that such production is …