H.R. 6593 (110th): Domestic Drilling Act

110th Congress, 2007–2009. Text as of Jul 24, 2008 (Introduced).

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I

110th CONGRESS

2d Session

H. R. 6593

IN THE HOUSE OF REPRESENTATIVES

July 24, 2008

introduced the following bill; which was referred to the Committee on Natural Resources, and in addition to the Committees on Science and Technology and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To terminate prohibitions on leasing of areas of the Outer Continental Shelf and the Arctic National Wildlife Refuge for exploration, development, and production of oil and natural gas, and for other purposes.

1.

Short title

This Act may be cited as the Domestic Drilling Act.

2.

Termination of moratoria on oil and gas leasing of the outer Continental Shelf and ANWR

All provisions of Federal law that prohibit leasing of any area of the outer Continental Shelf or the Arctic National Wildlife Refuge for exploration, development, and production of oil and natural gas, or that prohibit the spending of appropriated funds to conduct oil and natural gas leasing, preleasing, and related activities for any such area, shall have no force or affect.

3.

Revocation of existing presidential withdrawals

All withdrawals of Federal lands and submerged lands by the President under the authority of section 12(a) of the Outer Continental Shelf Lands Act (43 U.S.C. 1341(a)) are hereby revoked and no longer in effect.

4.

Requirement to conduct oil and gas resources inventory and lease sales for the OCS and ANWR

(a)

In general

The Secretary of the Interior shall, within 2 years after the date of enactment of this Act and under sections 8, 18, and 19 of the Outer Continental Shelf Lands Act (43 U.S.C. 1337, 1344, and 1345)—

(1)

conduct an inventory of the oil and natural gas resources of all submerged lands of the Outer Continental Shelf and all lands of the Arctic National Wildlife Refuge; and

(2)

prepare a strategic five-year plan for the sale of oil and natural gas leases for such submerged lands and lands.

(b)

Disposition of revenues

The Secretary of the Treasury shall distribute funds from all bonus bids, rentals, royalties, and other sums collected each fiscal year by the United States under Federal oil and gas leases of areas that are available for such leasing as a result of the enactment of this Act, in the following manner:

(1)

25 percent shall be deposited into the Fund established by section 5(a).

(2)

25 percent shall be deposited into the general fund of the Treasury.

(3)

37.5 percent shall be paid to Alaska and other States that are affected States (as that term is defined in section 2(f) of the Outer Continental Shelf Lands Act (43 U.S.C. 1331(f)) with respect any such lease, in proportion to the amount of such funds collected under leases of areas in each such State or for which the laws of each such State are declared, pursuant to section 4(a)(2) of the Outer Continental Shelf Lands Act (43 U.S.C. 1333(a)(2)), to be the laws of the United States.

(4)

12.5 percent shall be used to provide financial assistance to States in accordance with section 6 of the Land and Water Conservation Fund Act of 1965 (16 U.S.C. 460l–8), which shall be considered income to the Land and Water Conservation Fund for purposes of section 2 of that Act (16 U.S.C. 460l–8).

5.

Department of Energy Reserve Fund

(a)

Establishment

There is hereby established in the Treasury of the United States the Department of Energy Reserve Fund (in this section referred to as the Fund).

(b)

Use of Fund

The Fund shall be available, to the extent provided in appropriations Acts, for the cost of subsequent legislation to promote research, development, and use of clean domestic energy, including clean domestic renewable energy, and to increase domestic energy independence and energy security.