44. S.AMDT.784 to H.R.6 To improve the energy security of the United States and reduce United States dependence on foreign oil imports by 40 percent by 2025.
Sponsor: Sen Cantwell, Maria [WA] (introduced 6/15/2005) Cosponsors (3)
Latest Major Action: 6/15/2005 Senate amendment proposed (on the floor)
SA 784. Ms. CANTWELL (for herself, Mrs. FEINSTEIN, Mr. REID, and Mr. DURBIN) proposed an amendment to the bill H.R. 6, Reserved; as follows:
Beginning on page 120, strike line 23 and all that follows through page 122, line 14, and insert the following:
[Page: S6665] GPO's PDF
SEC. 151. REDUCTION OF DEPENDENCE ON IMPORTED PETROLEUM.
(a) FINDINGS.--Congress finds that--
(1) based on the reports of the Energy Information Administration entitled ``Annual Energy Outlook 2005'' and ``May 2005 Monthly Energy Review''--
(A) during the period beginning January 1, 2005, and ending April 30, 2005, the United States imported an estimated average of 13,056,000 barrels of oil per day; and
(B) the United States is projected to import 19,110,000 barrels of oil per day in 2025;
(2) technology solutions already exist to dramatically increase the productivity of the United States energy supply;
(3) energy efficiency and conservation measures can improve the economic competitiveness of the United States and lessen energy costs for families in the United States;
(4) United States dependence on foreign energy imports leaves the United States vulnerable to energy supply shocks and reliant on the willingness of other countries to provide sufficient supplies of oil;
(5) while only 3 percent of proven oil reserves are located in territory controlled by the United States, advances in fossil fuel extraction techniques and technologies could increase United States energy supplies; and
(6) reducing energy consumption also benefits the United States by lowering the environmental impacts associated with fossil fuel use.
(b) GOAL.--It is a goal of the United States to reduce by 40 percent the amount of foreign oil projected to be imported during calendar year 2025 in the reference case contained in the report of the Energy Information Administration entitled ``Annual Energy Outlook 2005''.
(c) MEASURES TO REDUCE IMPORT DEPENDENCE.--
(1) IN GENERAL.--Not later than 1 year after the date of enactment of this Act, and every two years thereafter, the President shall--
(A) d evelop and implement measures to reduce dependence on foreign petroleum imports of the United States by reducing petroleum in end-uses throughout the economy of the United States sufficient to reduce total demand for petroleum in the United States by 1,000,000 barrels per day from the amount projected for calendar year 2015; and
(B)(i) subject to clause (ii), develop and implement measures to reduce dependence on foreign petroleum imports of the United States by reducing petroleum in end-uses throughout the economy of the United States sufficient to reduce total demand for petro leum in the United States by 7,640,000 barrels per day from the amount projected for calendar year 2025.
(ii) If the President determines that there are insufficient legal authorities to achieve the target for calendar year 2025 in clause (i), the President shall develop and implement measures that will reduce dependence on foreign petroleum imports of the United States by reducing petroleum in end-uses throughout the economy of the United States to the maximum extent practicable and shall submit to Congress proposed legislation or other recommendations to achieve the target.
(2) REQUIREMENTS.--In developing measures under paragraph (1), the President shall--
(A) ensure continued reliable and affordable energy for the United States, consistent with the creation of jobs and economic growth and maintaining the international competitiveness of United States businesses, including the manufacturing sector; and
(B) implement measures under paragraph (1) under existing authorities of the appropriate Federal agencies, as determined by the President.
(3) PROJECTIONS.--The projections for total demand for petroleum in the United States under paragraph (1) shall be those contained in the Reference Case in the report of the Energy Information Administration entitled ``Annual Energy Outlook 2005''.
(d) REPORT.--
(1) IN GENERAL.--Not later than 1 year after the date of enactment of this Act, and annually thereafter, the President shall submit to Congress a report, based on the most recent edition of the Annual Energy Outlook published by the Energy Information Administration, assessing the progress made by the United States toward the goal of reducing dependence on imported petroleum sources by 2025.
(2) CONTENTS.--The report under paragraph (1) shall--
(A) identify the status of efforts to meet the goal described in subsection (b);
(B) assess the effectiveness of any measure implemented under subsection (c) during the previous fiscal year in meeting the goal described in subsection (b); and
(C) describe plans to develop additional measures to meet the goal.