3.0.0 1111 2023-01-13T04:48:06Z 2023-01-13T04:48:06Z Senate S S 2005-05-24 109 ssfi00 Finance Committee Senate Standing Referred to 2005-05-24T21:02:59Z 2005-05-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2005-05-24 Sponsor introductory remarks on measure. (CR S5853-5854) IntroReferral B00100 9 Library of Congress 2005-05-24 Introduced in Senate IntroReferral 10000 9 Library of Congress H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT N B000382 Sen. Bennett, Robert F. [R-UT] ROBERT BENNETT R UT F. 2005-05-24 True A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE 2005-05-24 True Energy Armed Forces and National Security Canada Coal Colorado Commerce Commercialization Congress Congressional reporting requirements Cost effectiveness Defense contracts Defense procurement Department of Energy Energy research Environmental Protection Environmental education Executive reorganization Federal advisory bodies Federal-state relations Finance and Financial Sector Government Operations and Politics Income tax International Affairs International cooperation Oil and gas leases Oil and gas royalties Oil shales Petroleum industry Petroleum reserves Public Lands and Natural Resources Research and development Science, Technology, Communications Strategic materials Strategic planning Tax deductions Taxation Utah Wyoming Energy 00 2005-05-24 Introduced in Senate 2005-07-05T14:49:05Z 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.

]]> Oil Shale and Tar Sand Development Act of 2005 Display Title Oil Shale and Tar Sand Development Act of 2005 Official Title as Introduced A bill to promote oil shale and tar sand development, and for other purposes. Introduced in Senate IS Short Titles as Introduced Oil Shale and Tar Sand Development Act of 2005 Introduced in Senate 2005-05-24T04:00:00Z 2005-05-24 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.