Synthetic Fuels Reform and Budget Reduction Act

[AI summary unavailable — showing source text] Synthetic Fuels Reform and Budget Reduction Act - Provides that, except as provided below, all funds in the Energy Security Reserve shall be deposited in the Treasury and shall not be available for obligation with respect to synthetic fuels projects. Sets aside $500,000,000 of the funds in the Reserve to be made available to the Secretary of Energy to carry out a five-year program for the advanced research and development of coal utilization technologies. Provides that $2,500,000,000 which shall be available for obligations by the United States Synthetic Fuels Corporation in accordance with this Act and with the Energy Security Act, plus the funds necessary to meet obligations with respect to binding commitments entered into before enactment of this Act and still in effect, shall be retained in the Reserve. Requires the Corporation to submit for congressional approval a proposed comprehensive strategy to achieve the national synthetic production goal established under the United States Synthetic Fuels Corporation Act of 1980. Requires that such strategy be submitted within a specified time period. Requires that such strategy include a financial or investment prospectus justifying t…