[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4638 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 4638

  To increase domestic supplies of natural gas through an accelerated 
       program of development and deployment of new technologies.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 18, 2005

   Mr. Hall introduced the following bill; which was referred to the 
 Committee on Science, and in addition to the Committee on Resources, 
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 increase domestic supplies of natural gas through an accelerated 
       program of development and deployment of new technologies.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Domestic Natural Gas Supply Act of 
2006''.

SEC. 2. PRODUCTION GOAL.

    The goal of this Act to achieve a cumulative increase in domestic 
production of natural gas of 8.5 trillion cubic feet by 2015.

SEC. 3. ACCELERATED TECHNOLOGY DEVELOPMENT AND DEPLOYMENT PROGRAM.

    The Secretary of Energy shall incorporate the production goal 
specified in section 2 in the annual plan prepared in accordance with 
section 999B(e) of the Energy Policy Act of 2005 (42 U.S.C. 16372(e)).

SEC. 4. FINANCING.

    Section 999H(a) of the Energy Policy Act of 2005 (42 U.S.C. 
16378(a)) is amended--
            (1) by inserting ``excess'' after ``from any'';
            (2) by striking ``$50,000,000'' and inserting ``all excess 
        Federal royalties up to $200,000,000''; and
            (3) by inserting at the end of subsection (a) the 
        following: ``For purposes of this subsection, excess Federal 
        royalties are the amount calculated on the basis of the 
        difference between the prevailing market prices upon which the 
        royalty payment was made and 110 percent of the assumed market 
        prices for that year contained in the economic assumptions 
        underlying H. Con. Res. 95 of the 109th Congress, as updated in 
        the Mid-year Update Report of the Congressional Budget 
        Office.''.

SEC. 5. REPORT.

    Not later than 3 years after the date of enactment of this Act, the 
Secretary of Energy shall submit a report to Congress on the 
accomplishments made under this Act, including projections of the 
increased domestic supply potential resulting from new technologies 
facilitated by this Act, and estimates of savings to consumers from 
increased domestic supplies of natural gas.
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