S. 1111 · 109th Congress
Oil Shale and Tar Sand Development Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
HatchSponsor2 cosponsors · 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Oil Shale and Tar Sand Development Act of 2005 - Establishes the Strategic Fuels Task Force to develop a five-year commercial development plan for strategic fuels (domestic and military fuels derived from strategic hydrocarbon resources, to be managed and developed under the guidance and authorities of the Strategic Petroleum Reserve).
What it does: CRS summary · Introduced in Senate · May 24, 2005
Oil Shale and Tar Sand Development Act of 2005 - Establishes the Strategic Fuels Task Force to develop a five-year commercial development plan for strategic fuels (domestic and military fuels derived from strategic hydrocarbon resources, to be managed and developed under the guidance and authorities of the Strategic Petroleum Reserve).
Requires the Task Force to direct the Office of Strategic Fuels (created by this Act) to formulate a five-year plan and coordinate with representatives of the Department of Defense (DOD) and the Department of the Interior to promote the development of strategic fuels by industry.
Instructs the Secretary of the Interior to develop and manage comprehensive leasing programs for strategic fuels on federal land that address all stages of the leasing process from research and development to full commercial leasing.
Amends the Mineral Leasing Act to increase from 50 cents per acre to $2.00 per acre the royalty owed to the United States for the privilege of mining, extracting, and disposing of oil or other minerals covered by a lease.
Grants a preference right to lessees to lease a specified maximum of additional lands for commercial production facilities.
Requires the reduction of royalties owed to the United States by specified percentages pegged to certain increases in the price of a barrel on the date on which the strategic fuel is sold until the project for extraction of strategic fuel reaches payback .
Establishes the Office of Strategic Fuels to coordinate the creation and implementation of a commercial strategic fuel development program for the United States.
Prescribes guidelines for DOD procurement of unconventional fuels derived from coal, oil shale, and tar sand.
Amends the Internal Revenue Code to allow a deduction from gross income of qualified oil shale and oil sands technology expenditures.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Oil Shale and Tar Sand Development Act of 2005
Latest action (May 24, 2005): Read twice and referred to the Committee on Finance.
Policy area: Energy · Origin: Senate · Introduced: May 24, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.