110 HR 6207 IH: American-Made Energy and
U.S. House of Representatives
2008-06-09
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.
1.
(a)This Act may be cited
as the $150 Barrel Energy Extortion
Act of 2008
.
(b)The table of contents for this Act is as follows:
Sec. 1. Short title, etc.
Title I—Refineries
Sec. 101. Issuance of guidance.
Sec. 102. Tax-exempt financing of domestic use oil refinery
facilities.
Sec. 103. Designation and availability of Federal lands for oil
and natural gas refineries.
Title II—Nuclear
Sec. 201. Incentives for innovative technologies.
Sec. 202. Standby support for certain nuclear plant
delays.
Sec. 203. Authorization for Nuclear Power 2010
Program.
Sec. 204. Domestic manufacturing base for nuclear components
and equipment.
Sec. 205. Nuclear energy workforce.
Sec. 206. Investment Tax Credit for Investments in Nuclear
Power Facilities.
Sec. 207. National Nuclear Energy Council.
Sec. 208. Temporary Spent Nuclear Fuel Storage
Agreements.
Sec. 209. Confidence in availability of waste
disposal.
Title III—Drilling
Subtitle A—Tax provisions
Sec. 301. Credit for producing fuel from nonconventional
sources to apply to gas produced onshore from formations more than 15,000 feet
deep.
Sec. 302. Tax credit for carbon dioxide captured from
industrial sources and used in enhanced oil and natural gas
recovery.
Subtitle B—Termination of congressional moratoria on oil and
gas development on the outer Continental Shelf
Sec. 311. Termination of laws prohibiting expenditures for oil
and natural gas leasing and preleasing activities regarding areas of the outer
continental shelf.
Subtitle C—Oil and gas development on the Coastal Plain of
Alaska
Sec. 321. Short title.
Sec. 322. Definitions.
Sec. 323. Leasing program for lands within the Coastal
Plain.
Sec. 324. Lease sales.
Sec. 325. Grant of leases by the Secretary.
Sec. 326. Lease terms and conditions.
Sec. 327. Coastal plain environmental protection.
Sec. 328. Expedited judicial review.
Sec. 329. Federal and State distribution of
revenues.
Sec. 330. Rights-of-way across the Coastal Plain.
Sec. 331. Conveyance.
Sec. 332. Local government impact aid and community service
assistance.
Title IV—Effective date
Sec. 401. Effective date.
<enum>I</enum><header>Refineries</header>
<section id="H6C844B3A93394E3A866E9D1C61DAAC77"><enum>101.</enum><header>Issuance of
guidance</header><text display-inline="no-display-inline">The Secretary of the
Treasury shall, not later than 60 days after the effective date of this Act,
prescribe the regulations described in paragraph (1) of section 179C(b) of the
Internal Revenue Code of 1986 (relating to election to expense certain
refineries).</text>
</section><section id="H0BB057D29E614BE48217B106306882F3"><enum>102.</enum><header>Tax-exempt
financing of domestic use oil refinery facilities</header>
<subsection id="HF431998EDD9E49A980D44C0000865E82"><enum>(a)</enum><header>In
general</header>
<paragraph id="HCF3E1FB57B2D498C9507180570823F5C"><enum>(1)</enum><header>Treatment as
exempt facility bond</header><text>Subsection (a) of section 142 of the
Internal Revenue Code of 1986 (relating to exempt facility bond) is amended by
striking <quote>or</quote> at the end of paragraph (14), by striking the period
at the end of paragraph (15) and inserting <quote>, or</quote>, and by
inserting at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H20ECD3C220AA40E287285D0900F5E631" style="OLC">
<paragraph id="H1C9CE29FFE3347568199ACC7EA36E771"><enum>(16)</enum><text>domestic use oil
refinery
facilities.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H7637FF6835AC419FAD67890049B13662"><enum>(2)</enum><header>Domestic use oil
refinery facilities</header><text>Section 142 of such Code is amended by adding
at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="HCA4F0CE6B9A34834B072E519B8602601" style="OLC">
<subsection id="HDAB79783DFD8492795C8A56F00B26F51"><enum>(n)</enum><header>Domestic use oil
refinery facilities</header>
<paragraph id="H9EB45ED313504DE7BABAEEB25197DC79"><enum>(1)</enum><header>In
general</header><text>For purposes of subsection (a)(16), the term
<term>domestic use oil refinery facility</term> means any facility in the
United States—</text>
<subparagraph id="H06BFEBF7149D4A019CF56F1C9F170950"><enum>(A)</enum><text>which processes
liquid fuel from crude oil, and</text>
</subparagraph><subparagraph id="HD473D08D3ABD41A284E5F02C5B61E0C"><enum>(B)</enum><text>all of the output
of which it is reasonably certain ultimate consumption will occur in the United
States.</text>
</subparagraph></paragraph><paragraph id="H62C56C1F5DF145F0A1617C6DC09CBDE2"><enum>(2)</enum><header>Election to
terminate tax-exempt bond financing by certain refineries</header><text display-inline="yes-display-inline">In the case of a facility financed with
bonds which would cease to be tax-exempt by reason of the failure to meet the
domestic use requirement of this subsection, rules similar to the rules of
subsection (f)(4) shall apply for purposes of this
section.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H6C9FD918C4864C27B7FAF9F8A2D8F7D8"><enum>(b)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to bonds
issued after the effective date of this Act.</text>
</subsection></section><section id="HC3E73A74FA02485689711F3B2904341B" section-type="subsequent-section"><enum>103.</enum><header>Designation and
availability of Federal lands for oil and natural gas refineries</header>
<subsection id="HFFE0ABE55225465400B8F4CC42194FE9"><enum>(a)</enum><header>Designation</header><text>Within
18 months after the effective date of this Act, the President shall designate
at least ten sites on Federal lands that are suitable for the siting of an oil
refinery or natural gas refinery (or both).</text>
</subsection><subsection id="HD5DD2A7DA14A40A8810175E90810A8EB"><enum>(b)</enum><header>Availability of
lands</header><text>Within 24 months after the effective date of this Act, the
President shall make each site designated under subsection (a) available to the
private sector for construction of an oil refinery or natural gas refinery (or
both), as appropriate.</text>
</subsection></section><enum>II</enum><header>Nuclear</header>
<section id="HA153761848EB4E2EA9703C99FA45A2B"><enum>201.</enum><header>Incentives for
innovative technologies</header>
<subsection id="HF7A650285BBB423200F0243D391F73F1"><enum>(a)</enum><header>Definition of
project cost</header><text>Section 1701 of the Energy Policy Act of 2005 (42
U.S.C. 16511) is amended by adding at the end the following new
paragraph:</text>
<quoted-block id="HB7ECDFEFBBBA4FF195BAFB5BE0CBB0C7" style="OLC">
<paragraph id="HD45B9646F19F4FF7A3CC7F88DEBF408E"><enum>(6)</enum><header>Project
cost</header><text>The term <quote>project cost</quote> means all costs
associated with the development, planning, design, engineering, permitting and
licensing, construction, commissioning, start-up, shakedown and financing of
the facility, including but not limited to reasonable escalation and
contingencies, the cost of and fees for the guarantee, reasonably required
reserve funds, initial working capital and interest during
construction.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H7A80FCC63E07469AAB52F3E8F9A8BB68"><enum>(b)</enum><header>Terms and
conditions</header><text>Section 1702(b) of the Energy Policy Act of 2005 (42
U.S.C. 16512(b)) is amended to read as follows:</text>
<quoted-block id="HADE82D25BA2243918671AB9699EB9E25" style="OLC">
<subsection id="HE05F41D1D6A84D179CF56750FEB3653"><enum>(b)</enum><header>Specific
appropriation or contribution</header>
<paragraph id="H5178953000C94854895F9D59A1081545"><enum>(1)</enum><header>In
general</header><text>No guarantee shall be made unless—</text>
<subparagraph id="HF7EA23132530404E99B3C800A90911C2"><enum>(A)</enum><text>an appropriation
for the cost has been made;</text>
</subparagraph><subparagraph id="HD876A21470DA4ED2BB6081CD69F658E"><enum>(B)</enum><text>the Secretary has
received from the borrower a payment in full for the cost of the obligation and
deposited the payment into the Treasury; or</text>
</subparagraph><subparagraph id="HFB2748AC9C8F48A7B035ADF122C3D2CE"><enum>(C)</enum><text>a combination of
subparagraphs (A) and (B) has been made, that when combined is sufficient to
cover the cost of the obligation.</text>
</subparagraph></paragraph><paragraph id="H393A79C15E6D45AE8543D4A154003D22"><enum>(2)</enum><header>Relation to
other laws</header><text>Section 504(b) of the Federal Credit Reform Act of
1990 (<external-xref legal-doc="usc" parsable-cite="usc/2/661c">2 U.S.C. 661c(b)</external-xref>) shall not apply to a loan guarantee made in accordance
with paragraph
(1)(B).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HCDC3571DAAB24796B0DAFBDFCA8F048"><enum>(c)</enum><header>Amount</header><text>Section
1702(c) of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16512">42 U.S.C. 16512(c)</external-xref>) is amended to
read as follows:</text>
<quoted-block id="H2E0A6E5E503443B1B0061903C3235E08" style="OLC">
<subsection id="HF337D20E0CCF4B52A8CD8E1DD9608573"><enum>(c)</enum><header>Amount</header>
<paragraph id="HD9426E1E156B43E6B7F30091B7BC5075"><enum>(1)</enum><header>In
general</header><text>Subject to paragraph (2), the Secretary shall guarantee
100 percent of the obligation for a facility that is the subject of the
guarantee, or a lesser amount if requested by the borrower.</text>
</paragraph><paragraph id="HE9E6110F56DE4D1B8B3466D0D91019D"><enum>(2)</enum><header>Limitation</header><text>The
total amount of loans guaranteed for a facility by the Secretary shall not
exceed 80 percent of the total cost of the facility, as estimated at the time
at which the guarantee is
issued.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H6A625FA8F7534CC5B4E6EE95D46E13F"><enum>(d)</enum><header>Fees</header><text>Section
1702(h) of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16512">42 U.S.C. 16512(h)</external-xref>) is amended by
striking paragraph (2) and inserting the following:</text>
<quoted-block id="H88CAACBBF5DB4D42B836BC9EA096B12C" style="OLC">
<paragraph id="HD0DDFE1B19CF4704BD578011D2B1AD34"><enum>(2)</enum><header>Availability</header><text>Fees
collected under this subsection shall—</text>
<subparagraph id="HA8280971AE8744BFB5F5F9174900C19F"><enum>(A)</enum><text>be deposited by
the Secretary into a special fund in the Treasury to be known as the
<quote>Incentives For Innovative Technologies Fund</quote>; and</text>
</subparagraph><subparagraph id="H9556B187F0CD427694030920008815A6"><enum>(B)</enum><text>remain available
to the Secretary for expenditure, without further appropriation or fiscal year
limitation, for administrative expenses incurred in carrying out this
title.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="H73B81E0F7D4A4F929DFAD8E8B1DFF400"><enum>202.</enum><header>Standby support
for certain nuclear plant delays</header>
<subsection id="H7C2FC3D5BB2F4E3F85CBE6D79196C3D6"><enum>(a)</enum><header>Definitions</header><text>Section
638(a) of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16014">42 U.S.C. 16014(a)</external-xref>) is amended as
follows:</text>
<paragraph id="H3C13612D30304B7994979900007D0073"><enum>(1)</enum><text>By inserting the
following:</text>
<quoted-block id="HBED6B06955F94230967253D4734D9E00" style="OLC">
<paragraph id="H33531060B36C413CA5EDEF302690ED71"><enum>(4)</enum><header>Full power
operation</header><text>The term <quote>full power operation</quote> means
whichever occurs first of—</text>
<subparagraph id="H4C26D2B057664988B0B65BFC6E8CAEB7"><enum>(A)</enum><text>the
<quote>commercial operation date</quote> or the equivalent under the terms of
the financing documents for such facility; or</text>
</subparagraph><subparagraph id="HE9E8AE979A0547AD9D007CD76C130083"><enum>(B)</enum><text>operation of such
facility at an average of 50 percent or greater of nameplate capacity over any
consecutive 30-day period.</text>
</subparagraph></paragraph><paragraph id="H93D1103620E24D2B99625600C40008F1"><enum>(5)</enum><header>Increased
project costs</header><text>The term <quote>increased project costs</quote>
means the increased cost of constructing, commissioning, testing, operating, or
maintaining a reactor prior to full-power operation incurred as a result of a
delay covered by the contract, including but not limited to costs of
demobilization and remobilization, increased costs of equipment, materials and
labor due to delay (including idle time), increased general and administrative
costs, and escalation costs for completing construction.</text>
</paragraph><paragraph id="H5DD81AF1503648F686D0CA01E4D15222"><enum>(6)</enum><header>Litigation</header><text>The
term <quote>litigation</quote> means adjudication in Federal, State, local, or
tribal courts and administrative proceedings or hearings at or before Federal,
State, local, or tribal agencies or administrative
bodies.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H59EA47B6C18145D4BD81DEAB1693A8B8"><enum>(2)</enum><text>By redesignating
paragraph (4) as paragraph (7).</text>
</paragraph></subsection><subsection id="H5A1AEFCA31C441B08058CA616C4159AF"><enum>(b)</enum><header>Contract
authority</header><text>Section 638(b) of the Energy Policy Act of 2005 (42
U.S.C. 16014(b)) is amended by striking paragraph (1) and inserting the
following:</text>
<quoted-block id="H26DAB2440E9147AA905DD085EBD0070" style="OLC">
<paragraph id="HEE74DF22328E45769048F206DAC66E6"><enum>(1)</enum><header>In
general</header><text>The Secretary may enter into contracts under this section
with sponsors of an advanced nuclear facility that cover at any one time
outstanding a total of not more than 6 reactors, with the 6 reactors consisting
of not more than 3 different reactor designs, in accordance with paragraph (2).
In the event that any contract entered into under this section terminates or
expires without a claim being paid by the Secretary thereunder, then the
Secretary may enter into a new contract under this section in replacement or
substitution for such
contract.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H893002431F6B4AF48362C3E799C21F91"><enum>(c)</enum><header>Covered
costs</header><text>Section 638(d) of the Energy Policy Act of 2005 (42. U.S.C.
16014(d)) is amended by striking paragraphs (2) and (3) and inserting the
following:</text>
<quoted-block id="H292DF46141BE4EDEA2BDB9B39B4044B8" style="OLC">
<paragraph id="H9B6640533DBB4F1086DD4900E709EEB3"><enum>(2)</enum><header>Coverage</header><text>In
the case of reactors that receive combined licenses and on which construction
is commenced, the Secretary shall pay—</text>
<subparagraph id="HAEB1713174A6476A9400AB34F8EEE3FB"><enum>(A)</enum><text>100 percent of the
covered costs of delay that occur after the initial 30-day period of covered
delay; but</text>
</subparagraph><subparagraph id="HE39C1E5BBC6F44C3AA3F00DC901C7253"><enum>(B)</enum><text>not more than
$500,000,000 per contract.</text>
</subparagraph></paragraph><paragraph id="H7FEE60DDCB7F4E1CB2DCD3991EE05074"><enum>(3)</enum><header>Covered debt
obligations</header><text>Debt obligations covered under subparagraph (A) of
paragraph (5) shall include but not be limited to debt obligations incurred to
pay increased project
costs.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H5CD2E5E1545F4FD4A52B5475117FAE3"><enum>(d)</enum><header>Dispute
resolution</header><text>Section 638 of the Energy Policy Act of 2005 (42
U.S.C. 16014) is amended as follows:</text>
<paragraph id="H1F62850C5296445BB2237637C309ACBB"><enum>(1)</enum><text>By inserting the
following:</text>
<quoted-block id="H67FCF502657E42C1BC00A24013031B9D" style="OLC">
<subsection id="H6824806DA49F4A66B892E3EDEC9A963"><enum>(f)</enum><header>Dispute
resolution</header><text>Any controversy or claim arising out of or relating to
any contract entered into under this section shall be determined by arbitration
in Washington, DC, according to the then prevailing Commercial Arbitration
Rules of the American Arbitration Association. A decision by the arbitrator or
arbitrators shall be final and binding, and any court having jurisdiction may
enter judgment on
it.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H4F774A7407074CBDB1D24E1D366ECEA3"><enum>(2)</enum><text>By redesignating
subsections (f), (g), and (h) as subsections (g), (h), and (i)
respectively.</text>
</paragraph></subsection></section><section id="HFDDC61514E1041DD900068061785E839"><enum>203.</enum><header>Authorization
for Nuclear Power 2010 Program</header><text display-inline="no-display-inline">Section 952(c) of the Energy Policy Act of
2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16014">42 U.S.C. 16014</external-xref>) is amended by striking paragraphs (1) and (2) and
inserting the following:</text>
<quoted-block id="H80957D7E7E8D4612A9B700F8194713A9" style="OLC">
<paragraph id="HA491EC5D450945BA8F3B8BBC4DB4388"><enum>(1)</enum><header>In
general</header><text>The Secretary shall carry out a Nuclear Power 2010
Program to position the Nation to start construction of new nuclear power
plants by 2010 or as close to 2010 as achievable.</text>
</paragraph><paragraph id="H0210E096C31A4BF6ACEAEC0E7B8D955"><enum>(2)</enum><header>Scope of
program</header><text>The Nuclear Power 2010 Program shall be cost-shared with
the private sector and shall support the following objectives:</text>
<subparagraph id="H6008CACC52254D19A600F2092FF1DB81"><enum>(A)</enum><text>Demonstrating the
licensing process for new nuclear power plants, including the Nuclear
Regulatory Commission process for obtaining early site permits (ESPs), combined
construction/operating licenses (COLs), and design certifications.</text>
</subparagraph><subparagraph id="H710E8E9C02E44404A800D1BAC3C1014"><enum>(B)</enum><text>Conducting
first-of-a-kind design and engineering work on at least two advanced nuclear
reactor designs sufficient to bring those designs to a state of design
completion sufficient to allow development of firm cost estimates.</text>
</subparagraph></paragraph><paragraph id="HF653BA82ADCC4293870444DDD800E7F9"><enum>(3)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary to carry out the Nuclear Power 2010 Program:</text>
<subparagraph id="H4C107AAC107743AF89ACEE3C18BEE252"><enum>(A)</enum><text>$182,800,000 for
fiscal year 2008.</text>
</subparagraph><subparagraph id="H63F202847B944470899E3000B6E600A"><enum>(B)</enum><text>$159,600,000 for
fiscal year 2009.</text>
</subparagraph><subparagraph id="HBAFF50A5759A4A5C8873A141E5AEAA3C"><enum>(C)</enum><text>$135,600,000 for
fiscal year 2010.</text>
</subparagraph><subparagraph id="H128F677E916342C98C164F30D8B4E0E4"><enum>(D)</enum><text>$46,900,000 for
fiscal year 2011.</text>
</subparagraph><subparagraph id="H0D06588A969241CFB9BCA54DC2E7AD8"><enum>(E)</enum><text>$2,200,000 for
fiscal year
2012.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="HCB60F4840C5747BA8D3FF5F275937F3"><enum>204.</enum><header>Domestic
manufacturing base for nuclear components and equipment</header>
<subsection id="H70DEF422A63240C5BF40C59B3BFCF699"><enum>(a)</enum><header>Establishment of
interagency working group</header>
<paragraph id="HE8739569C2EF48AB9295ECFAD6AF9B54"><enum>(1)</enum><header>Purposes</header><text display-inline="yes-display-inline">The purposes of this subsection are—</text>
<subparagraph id="HDD4899D73B5A43B8B2B777C9F5B86700"><enum>(A)</enum><text>to increase the
competitiveness of the United States nuclear energy products and services
industries;</text>
</subparagraph><subparagraph id="H59C339ACCE1E4B16BBF012FEB242632D"><enum>(B)</enum><text>to identify the
stimulus or incentives necessary to cause United States manufacturers of
nuclear energy products to expand manufacturing capacity;</text>
</subparagraph><subparagraph id="HAC5CD4910E3140B398DB3E6949EF41AC"><enum>(C)</enum><text>to facilitate the
export of United States nuclear energy products and services;</text>
</subparagraph><subparagraph id="HE1B64335BF0E40BE8F1BD7B071E411BE"><enum>(D)</enum><text>to reduce the
trade deficit of the United States through the export of United States nuclear
energy products and services;</text>
</subparagraph><subparagraph id="HDDEE47F3B5AE4682ABDD51E353F858F7"><enum>(E)</enum><text>to retain and
create nuclear energy manufacturing and related service jobs in the United
States;</text>
</subparagraph><subparagraph id="H66A6809E10C4434983A673F788D8664"><enum>(F)</enum><text>to integrate the
objectives in subparagraphs (A) through (E) in a manner consistent with the
interests of the United States, into the foreign policy of the United States;
and</text>
</subparagraph><subparagraph id="HFF035337AEE041CDA2C9BAB2E53F1CC"><enum>(G)</enum><text>to authorize funds
for increasing United States capacity to manufacture nuclear energy products
and supply nuclear energy services.</text>
</subparagraph></paragraph><paragraph id="HAFA121071FDA422FACFC5D0602864C06"><enum>(2)</enum><header>Establishment</header>
<subparagraph id="HD709F195A3E24D6CA976525B3348D26E"><enum>(A)</enum><text>There shall be
established an interagency working group that, in consultation with
representative industry organizations and manufacturers of nuclear energy
products, shall make recommendations to coordinate the actions and programs of
the Federal Government in order to promote increasing domestic manufacturing
capacity and export of domestic nuclear energy products and services.</text>
</subparagraph><subparagraph id="H75F73480624049BC8CD094BE13D928B"><enum>(B)</enum><text>The Interagency
Working Group shall be composed of—</text>
<clause id="H4757E441DA454F3A95B608D1A9E12278"><enum>(i)</enum><text>the
Secretary of Energy, or the Secretary’s designee, who shall chair the
interagency working group and shall provide staff for carrying out the
functions of the interagency working group;</text>
</clause><clause id="H74E02D188A7144A6B4E1CC2CD3005163"><enum>(ii)</enum><text>representatives
of—</text>
<subclause id="H703D3A6B170E458C8B26B3B788872BA4"><enum>(I)</enum><text>the Department of
Energy;</text>
</subclause><subclause id="HD40F717363EA4907A2FF442836FD4E37"><enum>(II)</enum><text>the Department of
Commerce;</text>
</subclause><subclause id="H7D5E9F0411894ECF00DD618285DAB06"><enum>(III)</enum><text>the Department of
Defense;</text>
</subclause><subclause id="HC044A0A37970475700AF9B49F000EEA2"><enum>(IV)</enum><text>the Department of
the Treasury;</text>
</subclause><subclause id="HAB3E241B1D6B4C2DB3DC1D21003D152C"><enum>(V)</enum><text>the Department of
State;</text>
</subclause><subclause id="H40CEE9F41D474393B3042EE315D60987"><enum>(VI)</enum><text>the Environmental
Protection Agency;</text>
</subclause><subclause id="H548037646EE34BF1A60024288B81574F"><enum>(VII)</enum><text>the United
States Agency for International Development;</text>
</subclause><subclause id="H5C7C82480CD7457CAFE3CD5F18F2F21C"><enum>(VIII)</enum><text>the
Export-Import Bank of the United States;</text>
</subclause><subclause id="H5B1BE579A9F54EDFB14290B1E8DC7A"><enum>(IX)</enum><text>the Trade and
Development Agency;</text>
</subclause><subclause id="H63C5405E48794EC2A6FC49E978151ECF"><enum>(X)</enum><text>the Small Business
Administration;</text>
</subclause><subclause id="HE4EA7173C4B4452F9519D4C4913C5F90"><enum>(XI)</enum><text>the Office of the
United States Trade Representative; and</text>
</subclause><subclause id="H27EC35CD51134475AC699FE9469EFE16"><enum>(XII)</enum><text>other Federal
agencies, as determined by the President.</text>
</subclause></clause></subparagraph><subparagraph id="HFC7BF77840324F40B8456B7B36F7F3BC"><enum>(C)</enum><text>The heads of
appropriate agencies shall detail such personnel and furnish such services to
the interagency group, with or without reimbursement, as may be necessary to
carry out the group’s functions.</text>
</subparagraph></paragraph><paragraph id="H4EEE4BF3DC254465955C920025176DDF"><enum>(3)</enum><header>Duties of the
interagency working group</header>
<subparagraph id="H464F27F167C746D9A800583850E23E48"><enum>(A)</enum><text>Not later than 6
months after the effective date of this Act, the interagency working group
established under paragraph (2)(A) shall identify the actions necessary to
promote the safe development and application in foreign countries of nuclear
energy products and services in order to—</text>
<clause id="HBDECE046832F45DE92D1C8BC046483E8"><enum>(i)</enum><text>increase
electricity generation from nuclear energy sources through development of new
generation facilities;</text>
</clause><clause id="HB64F10EDED0B450283475F1C1BCB441E"><enum>(ii)</enum><text>improve the
efficiency, safety, and reliability of existing nuclear generating facilities
through modifications; and</text>
</clause><clause id="HD39061F0D3A44BDD96A6E71C84CBFAD8"><enum>(iii)</enum><text>enhance the safe
treatment, handling, storage, and disposal of used nuclear fuel.</text>
</clause></subparagraph><subparagraph id="HF3EA8950340D4880B85E26D0AA1C6123"><enum>(B)</enum><text>Not later than 6
months after the effective date of this Act, the interagency working group
shall identify mechanisms (including tax stimulus for investment, loans and
loan guarantees, and grants) necessary for United States companies to increase
their capacity to produce or provide nuclear energy products and services, and
to increase their exports of nuclear energy products and services. The
interagency working group shall identify administrative or legislative
initiatives necessary to—</text>
<clause id="H1D957E1BBA624546AB9D2918441B9F3C"><enum>(i)</enum><text>encourage United
States companies to increase their manufacturing capacity for nuclear energy
products;</text>
</clause><clause id="H848FBAC6E28944C88224C67C4E6FA415"><enum>(ii)</enum><text>provide technical
and financial assistance and support to small and mid-sized businesses to
establish quality assurance programs in accordance with domestic and
international nuclear quality assurance code requirements;</text>
</clause><clause id="H74EA9027725149DD9BE3AA05C3D0FF7F"><enum>(iii)</enum><text>encourage,
through financial incentives, private sector capital investment to expand
manufacturing capacity; and</text>
</clause><clause id="H8A2BEA369856482AA87633AD647654D3"><enum>(iv)</enum><text>provide technical
assistance and financial incentives to small and mid-sized businesses to
develop the workforce necessary to increase manufacturing capacity and meet
domestic and international nuclear quality assurance code requirements.</text>
</clause></subparagraph><subparagraph id="H22285FF84A844BA9BFB93BC0310017D1"><enum>(C)</enum><text>Not later than 9
months after the effective date of this Act, the interagency working group
shall provide a report to Congress on its findings under subparagraphs (A) and
(B), including recommendations for new legislative authority where
necessary.</text>
</subparagraph></paragraph><paragraph id="H6BBE00EC50DE4E738E70912D6F222738"><enum>(4)</enum><header>Trade
assistance</header><text>The interagency working group shall encourage the
member agencies of the interagency working group to—</text>
<subparagraph id="HA93664ADA1C4490A82E72D3C25AD9346"><enum>(A)</enum><text>provide technical
training and education for international development personnel and local users
in their own country;</text>
</subparagraph><subparagraph id="H4B44304AC28E44CE8BB91D9424F6C700"><enum>(B)</enum><text>provide financial
and technical assistance to nonprofit institutions that support the marketing
and export efforts of domestic companies that provide nuclear energy products
and services;</text>
</subparagraph><subparagraph id="HF8B2D967270A46328B4EAA01545600F4"><enum>(C)</enum><text>develop nuclear
energy projects in foreign countries;</text>
</subparagraph><subparagraph id="H402A2AE4E7244B93ABB5AA3DD8AFD7C"><enum>(D)</enum><text>provide technical
assistance and training materials to loan officers of the World Bank,
international lending institutions, commercial and energy attaches at embassies
of the United States and other appropriate personnel in order to provide
information about nuclear energy products and services to foreign governments
or other potential project sponsors;</text>
</subparagraph><subparagraph id="H2E5B59E5B2DE4FF3A21FF0DFCB09E042"><enum>(E)</enum><text>support, through
financial incentives, private sector efforts to commercialize and export
nuclear energy products and services in accordance with the subsidy codes of
the World Trade Organization; and</text>
</subparagraph><subparagraph id="H76D2BB748FB340119FBDD8C464378804"><enum>(F)</enum><text>augment budgets
for trade and development programs in order to support pre-feasibility or
feasibility studies for projects that utilize nuclear energy products and
services.</text>
</subparagraph></paragraph><paragraph id="H23E709ECEC0443C8A88FD2B63D2B5F06"><enum>(5)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary of Energy for purposes of carrying out this section $20,000,000 for
fiscal years 2008 and 2009.</text>
</paragraph></subsection><subsection id="HC68AEF5902CF4F44985CA297231378AE"><enum>(b)</enum><header>Credit for
qualifying nuclear power manufacturing</header><text>Subpart E of part IV of
subchapter A of chapter 1 of the Internal Revenue Code is amended by inserting
after section 48B the following new section:</text>
<quoted-block id="H11E632F7745E4E20BF3E6C37A4674024" style="OLC">
<section id="HC56D6ECBF1854F409C05D39E00CE12C"><enum>48C.</enum><header>Qualifying
nuclear power manufacturing credit</header>
<subsection id="H722D719DA2E14928AB260074E8BCFD8"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">For purposes of
section 46, the qualifying nuclear power manufacturing credit for any taxable
year is an amount equal to 20 percent of the qualified investment for such
taxable year.</text>
</subsection><subsection id="H6457A86E67954EFBB2D084B439C70D4"><enum>(b)</enum><header>Qualified
investment</header>
<paragraph id="H9D636C3B8AB5480785C04DFF3C4DBB7"><enum>(1)</enum><header>In
general</header><text>For purposes of subsection (a), the qualified investment
for any taxable year is the basis of eligible property placed in service by the
taxpayer during such taxable year—</text>
<subparagraph id="H0DA4FFC6FCB84D5FA4ECAA59006D95B0"><enum>(A)</enum><text>which is either
part of a qualifying nuclear power manufacturing project or is qualifying
nuclear power manufacturing equipment,</text>
</subparagraph><subparagraph id="HBEA7CE8D95224E9191DA6B103F991173"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="H85B8BC10C7854280BD00FDD60077C56C"><enum>(i)</enum><text>the construction,
reconstruction, or erection of which is completed by the taxpayer, or</text>
</clause><clause id="HE5821474CDC146B29B9426E2C7C7716C" indent="up1"><enum>(ii)</enum><text>which is acquired by the taxpayer
if the original use of such property commences with the taxpayer,</text>
</clause></subparagraph><subparagraph id="H5E1C958EA2B4477E852676B67B6BFA45"><enum>(C)</enum><text>with respect to
which depreciation (or amortization in lieu of depreciation) is allowable,
and</text>
</subparagraph><subparagraph id="HFD351441FD5144C09608FE6CE115033F"><enum>(D)</enum><text>which is placed in
service on or before December 31, 2015.</text>
</subparagraph></paragraph><paragraph id="HF73EA18DEF0E4EACBAF764DAB197BD2E"><enum>(2)</enum><header>Special rule for
certain subsidized property</header><text>Rules similar to section 48(a)(4)
shall apply for purposes of this section.</text>
</paragraph><paragraph id="H5F73D1A51AB24AFBBF12B67D5CC141F5"><enum>(3)</enum><header>Certain
qualified progress expenditures rules made applicable</header><text>Rules
similar to the rules of subsections (c)(4) and (d) of section 46 (as in effect
on the day before the enactment of the Revenue Reconciliation Act of 1990)
shall apply for purposes of this section.</text>
</paragraph></subsection><subsection id="HDFFAD90B5CEB48138D747DFA2C5944DE"><enum>(c)</enum><header>Definitions</header><text>For
purposes of this section—</text>
<paragraph id="H444A7402D41E477E94C786D8D516DD4D"><enum>(1)</enum><header>Qualifying
nuclear power manufacturing project</header><text>The term <quote>qualifying
nuclear power manufacturing project</quote> means any project which is designed
primarily to enable the taxpayer to produce or test equipment necessary for the
construction or operation of a nuclear power plant.</text>
</paragraph><paragraph id="H74BEE9420FCC47EBB05C695DEFB83E5"><enum>(2)</enum><header>Qualifying
nuclear power manufacturing equipment</header><text>The term <quote>qualifying
nuclear power manufacturing equipment</quote> means machine tools and other
similar equipment, including computers and other peripheral equipment, acquired
or constructed primarily to enable the taxpayer to produce or test equipment
necessary for the construction or operation of a nuclear power plant.</text>
</paragraph><paragraph id="HD59CC9E649514487AB2BF0361821722B"><enum>(3)</enum><header>Project</header><text>The
term <quote>project</quote> includes any building constructed to house
qualifying nuclear power manufacturing
equipment.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H857DC22BAF3E4FB9A3C500417BAA7BE"><enum>(c)</enum><header>Conforming
amendments</header>
<paragraph id="H08C74B397E1241B39EC8B8A41B8A34C"><enum>(1)</enum><header>Additional
investment credit</header><text>Section 46 of such Code is amended—</text>
<subparagraph id="H5B1BDC9202A2456C8EB05E73028DDC0"><enum>(A)</enum><text>by striking
<quote>and</quote> at the end of paragraph (3);</text>
</subparagraph><subparagraph id="HE59F3EAB10864B8480C4EF7BE0AF15EF"><enum>(B)</enum><text>by striking the
period at the end of paragraph (4) and inserting <quote>, and</quote>;
and</text>
</subparagraph><subparagraph id="H60FB8CAF28834815BDF38DF6766B0036"><enum>(C)</enum><text>by inserting after
paragraph (4) the following new paragraph:</text>
<quoted-block id="HE0642580C6DE4C0A84AD999B11CB6DAF" style="OLC">
<paragraph id="H63811F486673411E97C422F19B8D1996"><enum>(5)</enum><text>the qualifying
nuclear power manufacturing
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="H7003C89825EE4A268589A833B6DF074"><enum>(2)</enum><header>Application of
section 49</header><text>Subparagraph (C) of section 49(a)(1) of such Code is
amended by—</text>
<subparagraph id="H85650263FB0B41BCAE46EA9695827E3B"><enum>(A)</enum><text>by striking
<quote>and</quote> at the end of clause (iii);</text>
</subparagraph><subparagraph id="H75F7DD32D697428E9F91D05660546EC1"><enum>(B)</enum><text>by striking the
period at the end of clause (iv) and inserting <quote>, and</quote>; and</text>
</subparagraph><subparagraph id="H9FA0F4A26356436E850023E45F3DB54D"><enum>(C)</enum><text>by inserting after
clause (iv) the following new clause:</text>
<quoted-block id="H9EFA9D5BBF2D41DEBAFEC1401C8CA31B" style="OLC">
<clause id="H47BF53F1A4644A069080B7E7CEB9196E"><enum>(v)</enum><text>the basis of any
property which is part of a qualifying nuclear power equipment manufacturing
project under section
48C.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="H3105941858CC4B0A9917072D1883E86E"><enum>(3)</enum><header>Table of
sections</header><text>The table of sections preceding section 46 of such Code
is amended by inserting after the item for section 48B the following new
line:</text>
<quoted-block display-inline="no-display-inline" id="H50436F165F40485CBC0043B201699708" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 48C. Qualifying nuclear power
manufacturing
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" id="H1903D30A27F84EB688E6202B9EB89465"><enum>(d)</enum><header>Effective
date</header><text display-inline="yes-display-inline">The amendments made by
subsections (b) and (c) shall apply to property (1) the construction,
reconstruction, or erection of which of began after the effective date of this
Act, or (2) which was acquired by the taxpayer on or after the effective date
of this Act and not pursuant to a binding contract which was in effect on the
day prior to the effective date of this Act.</text>
</subsection></section><section id="H30CAA77B7E4B49668177BAF2B000C1A3"><enum>205.</enum><header>Nuclear energy
workforce</header><text display-inline="no-display-inline">Section 1101 of the
Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16411">42 U.S.C. 16411</external-xref>) is amended—</text>
<paragraph id="HD43C127721D5490480BA79725DC3FEEE"><enum>(1)</enum><text>by redesignating
subsection (d) as subsection (e); and</text>
</paragraph><paragraph id="H88CA52DB36F3464200CBAEAEE0FE768E"><enum>(2)</enum><text>by inserting after
subsection (c) the following:</text>
<quoted-block id="H9D83FC2A5AE34CAD901858FA356FCC4F" style="OLC">
<subsection id="H69270ED371314A30858D79ACDDAE8CC"><enum>(d)</enum><header>Workforce
training</header>
<paragraph id="H958AAF925533412AB3D6EB609D16C006"><enum>(1)</enum><header>In
general</header><text>The Secretary of Labor, in cooperation with the Secretary
of Energy, shall promulgate regulations to implement a program to provide
workforce training to meet the high demand for workers skilled in the nuclear
utility and nuclear energy products and services industries.</text>
</paragraph><paragraph id="H294FD1C5DFE3444FB17D22377E5E6BCD"><enum>(2)</enum><header>Consultation</header><text>In
carrying out this subsection, the Secretary of Labor shall consult with
representatives of the nuclear utility and nuclear energy products and services
industries, and organized labor, concerning skills that are needed in those
industries.</text>
</paragraph><paragraph id="H4DB3901B53134454889F00FBA899544E"><enum>(3)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary of Labor, working in coordination with the Secretaries of Education
and Energy $20,000,000 for each of fiscal years 2008 through 2012 for use in
implementing a program to provide workforce training to meet the high demand
for workers skilled in the nuclear utility and nuclear energy products and
services
industries.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="H3BF53558A0B04D10920224F2F1BB3B00"><enum>206.</enum><header>Investment Tax
Credit for Investments in Nuclear Power Facilities</header>
<subsection id="H6342638CB1C8400597B1F89D24E4CC1E"><enum>(a)</enum><header>New credit for
nuclear power facilities</header><text>Section 46 of the Internal Revenue Code
of 1986, as amended by this Act, is amended by—</text>
<paragraph id="HF096F5D5A00D4C7EB0349457067345AC"><enum>(1)</enum><text>striking
<quote>and</quote> at the end of paragraph (4);</text>
</paragraph><paragraph id="H3CCCAA75AB9D4AB1A70078E1B4D2E64"><enum>(2)</enum><text>striking the period
at the end of paragraph (5) and inserting <quote>, and</quote>; and</text>
</paragraph><paragraph id="H4145D8EA1A84467082288BF340DF21A5"><enum>(3)</enum><text>inserting after
paragraph (5) the following new paragraph:</text>
<quoted-block id="H2B4542F3DB8F4440B376938B44211458" style="OLC">
<paragraph id="H30E6EC92837B4D929F44857357C1A228"><enum>(6)</enum><text>the nuclear power
facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H30B0E2977B944ADFB95F7DB37D48748"><enum>(b)</enum><header>Nuclear power
facility construction credit</header><text>Subpart E of part IV of subchapter A
of chapter 1 of such Code, as amended by this Act, is amended by inserting
after section 48C the following new section:</text>
<quoted-block display-inline="no-display-inline" id="H950A302DB41446FE8CF74125109E1931" style="OLC">
<section id="H7CACE1A0E7784D8390CEB7757045F712"><enum>48D.</enum><header>Nuclear power
facility construction credit</header>
<subsection id="H6EFEF5FD9D7A4A6D96C025652223AF14"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the nuclear power facility
construction credit for any taxable year is 10 percent of the qualified nuclear
power facility expenditures with respect to a qualified nuclear power
facility.</text>
</subsection><subsection id="H6F7297B17F6541E3A6E206E180EF3639"><enum>(b)</enum><header>When
expenditures taken into account</header>
<paragraph id="H7962F9DAB9254E649844A5C91E91B800"><enum>(1)</enum><header>In
general</header><text>Qualified nuclear power facility expenditures shall be
taken into account for the taxable year in which the qualified nuclear power
facility is placed in service.</text>
</paragraph><paragraph id="H1AE2CD2515604FF4B49C2F003322C37D"><enum>(2)</enum><header>Coordination
with subsection (c)</header><text>The amount which would (but for this
paragraph) be taken into account under paragraph (1) with respect to any
qualified nuclear power facility shall be reduced (but not below zero) by any
amount of qualified nuclear power facility expenditures taken into account
under subsection (c) by the taxpayer or a predecessor of the taxpayer (or, in
the case of a sale and leaseback described in section 50(a)(2)(C), by the
lessee), to the extent any amount so taken into account has not been required
to be recaptured under section 50(a).</text>
</paragraph></subsection><subsection id="H4C20B9CA36574C8092ECDBBD2C6DD64C"><enum>(c)</enum><header>Progress
expenditures</header>
<paragraph id="HBAD38AA1A22F41C3B729B6083800246B"><enum>(1)</enum><header>In
general</header><text>A taxpayer may elect to take into account qualified
nuclear power facility expenditures:</text>
<subparagraph id="H5E8580E73F2F4D7D992050C8F7D827EB"><enum>(A)</enum><header>Self-constructed
property</header><text>In the case of a qualified nuclear power facility which
is a self-constructed facility, in the taxable year for which such expenditures
are properly chargeable to capital account with respect to such facility,
and</text>
</subparagraph><subparagraph id="H2E765041CFD8476AA8C7002346ACB3FF"><enum>(B)</enum><header>Acquired
facility</header><text>In the case of a qualified nuclear facility which is not
self-constructed property, in the taxable year in which such expenditures are
paid.</text>
</subparagraph></paragraph><paragraph id="H5CF5F0DB920F45F9839C78CB1E1321F5"><enum>(2)</enum><header>Special rules
for applying paragraph (1)</header><text>For purposes of paragraph (1):</text>
<subparagraph id="HC237F63AA26843EE93CAB1879F43288B"><enum>(A)</enum><header>Component parts,
etc</header><text>Property which is not self-constructed property and which is
to be a component part of, or is otherwise to be included in, any facility to
which this subsection applies shall be taken into account in accordance with
paragraph (1)(B).</text>
</subparagraph><subparagraph id="H78215EF737514608884BAE085200A671"><enum>(B)</enum><header>Certain
borrowing disregarded</header><text>Any amount borrowed directly or indirectly
by the taxpayer on a nonrecourse basis from the person constructing the
facility for the taxpayer shall not be treated as an amount expended for such
facility.</text>
</subparagraph><subparagraph id="H98ABF2B088CB430C8125C31189C62281"><enum>(C)</enum><header>Limitation for
facilities or components which are not self-constructed</header>
<clause id="H8FE3578BFBFA49538069DFAD402196C"><enum>(i)</enum><header>In
general</header><text>In the case of a facility or a component of a facility
which is not self-constructed, the amount taken into account under paragraph
(1)(B) for any taxable year shall not exceed the amount which represents the
portion of the overall cost to the taxpayer of the facility or component of a
facility which is properly attributable to the portion of the facility or
component which is completed during such taxable year.</text>
</clause><clause id="H01E8AC3C3A5B4174BDD8AED0789FCB0"><enum>(ii)</enum><header>Carry-over of
certain amounts</header><text>In the case of a facility or component of a
facility which is not self-constructed, if for the taxable year—</text>
<subclause id="H585357F5C01842C2869710F54004422"><enum>(I)</enum><text>the amount which
(but for clause (i)) would have been taken into account under paragraph (1)(B)
exceeds the limitation of clause (i), then the amount of such excess shall be
taken into account under paragraph (1)(B) for the succeeding taxable year,
or</text>
</subclause><subclause id="HE1B21667A06343DDACA42FF4B03E39D0"><enum>(II)</enum><text>the limitation of
clause (i) exceeds the amount taken into account under paragraph (1)(B), then
the amount of such excess shall increase the limitation of clause (i) for the
succeeding taxable year.</text>
</subclause></clause></subparagraph><subparagraph id="HB89C7969643A48C58DF0B4DCCD5053F"><enum>(D)</enum><header>Determination of
percentage of completion</header><text>The determination under subparagraph
(C)(i) of the portion of the overall cost to the taxpayer of the construction
which is properly attributable to construction completed during any taxable
year shall be made on the basis of engineering or architectural estimates or on
the basis of cost accounting records. Unless the taxpayer establishes otherwise
by clear and convincing evidence, the construction shall be deemed to be
completed not more rapidly than ratably over the normal construction
period.</text>
</subparagraph><subparagraph id="H68CBA776EFC6405E007B67001C67F492"><enum>(E)</enum><header>No progress
expenditures for certain prior periods</header><text>No qualified nuclear
facility expenditures shall be taken into account under this subsection for any
period before the first day of the first taxable year to which an election
under this subsection applies.</text>
</subparagraph><subparagraph id="H38AC13612CC54DAF9D60C9DEFEBA502D"><enum>(F)</enum><header>No progress
expenditures for property for year it is placed in service,
etc</header><text>In the case of any qualified nuclear facility, no qualified
nuclear facility expenditures shall be taken into account under this subsection
for the earlier of—</text>
<clause id="H59B46CDDA73D4D089FCC2000A00EE02"><enum>(i)</enum><text>the
taxable year in which the facility is placed in service, or</text>
</clause><clause id="H58E33CF15CD4485FBDA54BDBD79B87B0"><enum>(ii)</enum><text>the first taxable
year for which recapture is required under section 50(a)(2) with respect to
such facility, or for any taxable year thereafter.</text>
</clause></subparagraph></paragraph><paragraph id="HE17F211A185A4F9CB443E43F0060C317"><enum>(3)</enum><header>Self-constructed</header><text>For
purposes of this subsection—</text>
<subparagraph id="HF5839A7618BA412C9985D6C76EAFDFE"><enum>(A)</enum><text>The term
<quote>self-constructed facility</quote> means any facility if it is reasonable
to believe that more than half of the qualified nuclear facility expenditures
for such facility will be made directly by the taxpayer.</text>
</subparagraph><subparagraph id="H698C6A10F70C42A29402F0F861226576"><enum>(B)</enum><text>A component of a
facility shall be treated as not self-constructed if the cost of the component
is at least 5 percent of the expected cost of the facility and the component is
acquired by the taxpayer.</text>
</subparagraph></paragraph><paragraph id="H57BBFACA03C4496FBF40CE35D2E2592"><enum>(4)</enum><header>Election</header><text>An
election shall be made under this section for a qualified nuclear power
facility by claiming the nuclear power facility construction credit for
expenditures described in paragraph (1) on a tax return filed by the due date
for such return (taking into account extensions). Such an election shall apply
to the taxable year for which made and all subsequent taxable years. Such an
election, once made, may be revoked only with the consent of the
Secretary.</text>
</paragraph></subsection><subsection id="HA72F28EFFE38472C8DEEE9D1BD43957B"><enum>(d)</enum><header>Definitions and
special rules</header><text>For purposes of this section:</text>
<paragraph id="H8369629C7C194CEAABCA344506ED92F5"><enum>(1)</enum><header>Qualified
nuclear power facility</header><text>The term <quote>qualified nuclear power
facility</quote> means an advanced nuclear power facility, as defined in
section 45J, the construction of which was approved by the Nuclear Regulatory
Commission on or before December 31, 2013.</text>
</paragraph><paragraph id="H9822F8CA8C71431DA48026BD3BE041E1"><enum>(2)</enum><header>Qualified
nuclear power facility expenditures</header>
<subparagraph id="H2DFA5B6691534236B3425DC9EE62C6FE"><enum>(A)</enum><header>In
general</header><text>The term <quote>qualified nuclear power facility
expenditures</quote> means any amount properly chargeable to capital
account—</text>
<clause id="HEBED8B0D45C74ACC96E2124FEAFDEA4"><enum>(i)</enum><text>with respect to a
qualified nuclear power facility;</text>
</clause><clause id="H773DB944E3DF41ADBA196645D203C36C"><enum>(ii)</enum><text>for which
depreciation is allowable under section 168; and</text>
</clause><clause id="HFD73D223B433484FB8BCC29DE5B58158"><enum>(iii)</enum><text>which are
incurred before the qualified nuclear power facility is placed in service or in
connection with the placement of such facility in service.</text>
</clause></subparagraph><subparagraph id="H4D65036138E14AC6A48C3028570022F6"><enum>(B)</enum><header>Pre-effective
date expenditures</header><text>Qualified nuclear power facility expenditures
do not include any expenditures incurred by the taxpayer before the effective
date of the <short-title>$150 Barrel Energy Extortion Act
of 2008</short-title>, unless such expenditures constitute less than 20 percent
of the total qualified nuclear power facility expenditures (determined without
regard to this subparagraph) for the qualified nuclear power facility.</text>
</subparagraph></paragraph><paragraph id="HEE77F13C13F64C50BFDEE7F8E8EF00AD"><enum>(3)</enum><header>Delays and
suspension of construction</header>
<subparagraph id="H583332F6B6664CFC985B13B1FA00B1EF"><enum>(A)</enum><header>In
general</header><text>For purposes of applying this section and section 50, a
nuclear power facility that is under construction shall cease to be treated as
a facility that will be a qualified nuclear power facility as of the earlier
of—</text>
<clause id="HDE4BD1AFF9DA469DB3C92D9C797BA39C"><enum>(i)</enum><text>the date on which
the taxpayer decides to terminate construction of the facility, or</text>
</clause><clause id="HCD5D8EA6CA0641038597EB75ABA1F88B"><enum>(ii)</enum><text>the last day of
any 24 month period in which the taxpayer has failed to incur qualified nuclear
power facility expenditures totaling at least 20 percent of the expected total
cost of the nuclear power facility.</text>
</clause></subparagraph><subparagraph id="H23C78DA0CB66476FAD00A8EDD8DA11A7"><enum>(B)</enum><header>Authority to
waive</header><text>The Secretary may waive the application of clause (ii) of
subparagraph (A) if the Secretary determines that the taxpayer intended to
continue the construction of the qualified nuclear power facility and the
expenditures were not incurred for reasons outside the control of the
taxpayer.</text>
</subparagraph><subparagraph id="H9E5A86B00A654092B8FC33A29619F08D"><enum>(C)</enum><header>Resumption of
construction</header><text>If a nuclear power facility that is under
construction ceases to be a qualified nuclear power facility by reason of
paragraph (2) and work is subsequently resumed on the construction of such
facility—</text>
<clause id="H4A9EFBC4B8A24FC0BF6864B6205F9D5"><enum>(i)</enum><text>the
date work is subsequently resumed shall be treated as the date that
construction began for purposes of paragraph (1), and</text>
</clause><clause id="HB03F85CB897D4DD0B2381F3D9E9309D9"><enum>(ii)</enum><text>if the facility
is a qualified nuclear power facility, the qualified nuclear power facility
expenditures shall be determined without regard to any delay or temporary
termination of construction of the
facility.</text>
</clause></subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H5A8FCCB41AFE4E1888003889EC51661E"><enum>(c)</enum><header>Provisions
relating to credit recapture</header>
<paragraph id="H742263510A1E47648765F680B8B44B62"><enum>(1)</enum><header>Progress
expenditure recapture rules</header>
<subparagraph id="HEBF37A730A3C4FF8AE85A18F4E789680"><enum>(A)</enum><header>Basic
rules</header><text>Subparagraph (A) of section 50(a)(2) of such Code is
amended to read as follows:</text>
<quoted-block id="H45075980E69142E6ABC3F2B457995364" style="OLC">
<subparagraph id="H27AD0A7F9109465D8DC7FAA8FA8488B9"><enum>(A)</enum><header>In
general</header><text>If during any taxable year any building to which section
47(d) applied or any facility to which section 48D(c) applied ceases (by reason
of sale or other disposition, cancellation or abandonment of contract, or
otherwise) to be, with respect to the taxpayer, property which, when placed in
service, will be a qualified rehabilitated building or a qualified nuclear
power facility, as the case may be, then the tax under this chapter for such
taxable year shall be increased by an amount equal to the aggregate decrease in
the credits allowed under section 38 for all prior taxable years which would
have resulted solely from reducing to zero the credit determined under this
subpart with respect to such building or
facility.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="HDB108FD4FD5D4C0BA49F43CD290035B5"><enum>(B)</enum><header>Amendment to
excess credit recapture rule</header><text>Subparagraph (B) of section 50(a)(2)
of such Code is amended by—</text>
<clause id="H0F1CC128B63549AA8204C54EAA1C5B64"><enum>(i)</enum><text>inserting
<quote>or paragraph (2) of section 48D(b)</quote> after <quote>paragraph (2) of
section 47(b)</quote>,</text>
</clause><clause id="H8E029C1C378B45B3AC83209F413E9D98"><enum>(ii)</enum><text>inserting
<quote>or section 48D(b)(1)</quote> after <quote>section 47(b)(1)</quote>;
and</text>
</clause><clause id="HB582DC73BDDF4301854140C614007371"><enum>(iii)</enum><text>inserting
<quote>or facility</quote> after <quote>building</quote>.</text>
</clause></subparagraph><subparagraph id="H1A1DBBC445BE42DAB100BC00C90020E4"><enum>(C)</enum><header>Amendment of
sale and leaseback rule</header><text>Subparagraph (C) of section 50(a)(2) of
such Code is amended by—</text>
<clause id="HDE679BF607DD435A991803D256437BCF"><enum>(i)</enum><text>inserting
<quote>or section 48D(c)</quote> after <quote>section 47(d)</quote>; and</text>
</clause><clause id="H4915790D19B442899DC776814835D26C"><enum>(ii)</enum><text>inserting
<quote>or qualified nuclear power facility expenditures</quote> after
<quote>qualified rehabilitation expenditures</quote>.</text>
</clause></subparagraph><subparagraph id="H5F9BFB952A354E848647D6161D370002"><enum>(D)</enum><header>Coordination</header><text>Subparagraph
(D) of section 50(a)(2) of such Code is amended by inserting <quote>or section
48D(c)</quote> after <quote>section 47(d)</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H1B4E83304F9D41F480466CE799EB87E4"><enum>(d)</enum><header>No basis
adjustment</header><text>Section 50(c) of such Code is amended by inserting at
the end thereof the following new paragraph:</text>
<quoted-block id="H0DD4BFB843B24FA7A37985EA88777C93" style="OLC">
<paragraph id="H5B4A57F982334C14B4C741E4868C9500"><enum>(6)</enum><header>Nuclear power
facility construction credit</header><text>Paragraphs (1) and (2) shall not
apply to the nuclear power facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H89A13ADA9E9A4D3BB47850F54F00891B"><enum>(e)</enum><header>Clerical
amendment</header><text>The table of sections for subpart E of part IV of
subchapter A of chapter 1 of such Code is amended by inserting after the item
for section 48C the following new item:</text>
<quoted-block display-inline="no-display-inline" id="H0FC6084398D74BD0979D941CEE102760" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 48D. Nuclear power facility
construction
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HB94B9DD9091A47698EAF6E524DBDB93C"><enum>(f)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to
expenditures incurred and property placed in service in taxable years beginning
after the effective date of this Act.</text>
</subsection></section><section id="HFA8AF68185ED41F2BB0477CA722FD342"><enum>207.</enum><header>National
Nuclear Energy Council</header>
<subsection id="HDC953CFFFEE34E3FA067C103116CE6D7"><enum>(a)</enum><header>In
general</header>
<paragraph id="HCB11282144B64CF79E8CBCD483F94078"><enum>(1)</enum><text>The Secretary of
Energy shall establish a National Nuclear Energy Council (hereinafter the
<quote>Council</quote>).</text>
</paragraph><paragraph id="H288D4257F03647FF9598C8C6538EA75B"><enum>(2)</enum><text>The Council shall
be subject to the requirements of the Federal Advisory Committee Act (5 U.S.C.
Appendix 2).</text>
</paragraph></subsection><subsection id="H9D2DAB39743943638093FE1222D0952D"><enum>(b)</enum><header>Purpose</header><text>The
Council shall—</text>
<paragraph id="H33833B8B12A344CA899806BA5CE12135"><enum>(1)</enum><text>serve in an
advisory capacity to the Secretary of Energy regarding nuclear energy on
matters submitted to the Council by the Secretary of Energy; and</text>
</paragraph><paragraph id="HE25CC9F4F0A34A4EABE9931F50DF3FC5"><enum>(2)</enum><text>advise, inform,
and make recommendations to the Secretary of Energy, and represent the views of
the nuclear energy industry with respect to any matter relating to nuclear
energy.</text>
</paragraph></subsection><subsection id="H9A6DE123FCAF4AB789D1B100AC8BF0F6"><enum>(c)</enum><header>Membership and
organization</header>
<paragraph id="H98C0603D9C5F4A6AAD4B549BD7AF0458"><enum>(1)</enum><text>The members of the
Council shall be appointed by the Secretary of Energy.</text>
</paragraph><paragraph id="HF280A138349C4B2B859700D080E2AC1F"><enum>(2)</enum><text>The Council may
establish such study and administrative committees as it may deem appropriate.
Study committees shall only assist the Council in preparing its advice,
information, or recommendations to the Secretary of Energy. Administrative
committees shall be formed solely for the purpose of assisting the Council or
its Chairman in the management of the internal affairs of the Council.</text>
</paragraph><paragraph id="HD71A9B82175440479811B423EA899C00"><enum>(3)</enum><text>The officers of
the Council shall consist of a Chairman, a Vice Chairman, and such other
officers as may be approved by the Council. The Chairman and Vice Chairman must
be members of the Council and shall receive no compensation for service as
officers of the Council.</text>
</paragraph><paragraph id="HE5FCEB5B68C6477B89C023AEB3CC8007"><enum>(4)</enum><text>The Secretary of
Energy shall be Cochairman of the Council. If the Secretary of Energy
designates a full-time, salaried official of the Department of Energy as his
alternate, such alternate may exercise any duties of the Secretary of Energy
and may perform any function on the Council otherwise reserved for the
Secretary of Energy.</text>
</paragraph><paragraph id="H39B42AC7902F4387B3D300F76364E414"><enum>(5)</enum><text>The Chairman and
the Vice Chairman shall be elected by the Council at its organizational meeting
to serve until their successors are elected at the next organizational meeting
of the Council.</text>
</paragraph></subsection><subsection id="H0DF79BCE64824CD8A03596CEEDDA4863"><enum>(d)</enum><header>Meetings</header>
<paragraph id="H2B96F5CC58554967B623F0CA19065B45"><enum>(1)</enum><text>Regular meetings
of the Council shall be held at least twice each year at times determined by
the Chairman and approved by the Government Cochairman.</text>
</paragraph><paragraph id="HB61F92EFAEEC4D82955DCA2373126E36"><enum>(2)</enum><text>No meeting of the
Council shall be held unless the Government Cochairman approves the agenda
thereof, approves the calling thereof, and is present thereat.</text>
</paragraph><paragraph id="H712F6DC32C6C41EE95D3E7EFF13DE754"><enum>(3)</enum><text>The time and place
of all Council meetings shall be given general publicity and such meetings
shall be open to the public.</text>
</paragraph></subsection><subsection id="HEE2146983C3142C3A43147A0B726F0F"><enum>(e)</enum><header>Studies by the
council</header>
<paragraph id="H3595E6A0922C4BE285EDCEDD54BA12F4"><enum>(1)</enum><text>The Council may
establish study committees to prepare reports for the consideration of the
Council pursuant to requests from the Secretary of Energy for advice,
information, and recommendations.</text>
</paragraph><paragraph id="H15B06B589C82421B87D7027B42096298"><enum>(2)</enum><text>The Secretary of
Energy or a full-time employee of the Department of Energy designated by the
Secretary shall be the Cochairman of each study committee.</text>
</paragraph><paragraph id="H0B1F424464094741855166DCB74EF1CA"><enum>(3)</enum><text>The members of
study committees shall be selected from the Council membership on the basis of
their training, experience, and general qualifications to deal with the matters
assigned.</text>
</paragraph></subsection></section><section id="H6E7132E46A8F4D6AAD00664561E84861"><enum>208.</enum><header>Temporary Spent
Nuclear Fuel Storage Agreements</header>
<subsection id="H057B4678CFF041879E074C92D453FBFD"><enum>(a)</enum><header>Authorization
and location</header><text>The Secretary of Energy (in this section referred to
as the <quote>Secretary</quote>) is authorized to initiate spent nuclear fuel
storage agreements as provided in this section.</text>
<paragraph id="H979F664E2D6C410BAB3FED0015DAE3C2"><enum>(1)</enum><text>No later than 180
days from the effective date of this Act, representatives of a community may
submit written notice to the Secretary that the community is willing to host a
temporary spent nuclear fuel storage facility within its jurisdiction.</text>
</paragraph><paragraph id="H89BD4193CFAA43D5ABF985E553DC6F00"><enum>(2)</enum><text>Within 90 days of
the receipt of the notification under paragraph (1), the Secretary shall
determine whether the identified site is suitable for a temporary storage
facility. In determining the site’s suitability, the Secretary shall evaluate
technical feasibility and consider favorably local support for collocating a
temporary spent nuclear fuel storage facility with facilities intended to
develop and implement advanced nuclear fuel cycle technologies.</text>
</paragraph></subsection><subsection id="H035E9438B9C3419494066B97EA81B263"><enum>(b)</enum><header>Content of
agreements</header><paragraph commented="no" display-inline="yes-display-inline" id="H6F1679D3FC9C426EBFD5E38921BB5239"><enum>(1)</enum><text>If the Secretary
determines one or more sites to be suitable in accordance with subsection
(a)(2), negotiation of a temporary spent nuclear fuel storage facility
agreement shall proceed.</text>
</paragraph><paragraph id="H11362AD1FD094F2E98DF72CA00FEA52" indent="up1"><enum>(2)</enum><text>Any temporary spent nuclear fuel
storage agreement shall contain such terms and conditions, including financial,
institutional, and such other arrangements as the Secretary and community
determine to be reasonable and appropriate.</text>
</paragraph><paragraph id="H212DADD9AB8246B485FC6EF7A6FA8CB" indent="up1"><enum>(3)</enum><text>Any temporary spent nuclear fuel
storage agreement may be amended only with the mutual consent of the parties to
the agreement.</text>
</paragraph></subsection><subsection id="HDFCC2B38CCDF4F2598EBDA88E34D244D"><enum>(c)</enum><header>Environmental
impact statement</header><text>Execution of a temporary spent nuclear fuel
storage agreement shall not require preparation of an environmental impact
statement under section 102(2)(C) of the National Environmental Policy Act of
1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(C)</external-xref>) or require any environmental review under
subparagraph (E) or (F) of section 102(2) of such Act (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(E)</external-xref>,
(F)).</text>
</subsection><subsection id="HC913C5755D854095A512D1A44923DAE"><enum>(d)</enum><header>Implementation of
Temporary Spent Nuclear fuel Storage Agreements</header>
<paragraph id="H8A340F6C1F514AFE97E18E095F007CD"><enum>(1)</enum><header>In
general</header><text>Any temporary spent nuclear fuel storage agreement or
agreements entered into under this section shall enter into force with respect
to the United States if (and only if)—</text>
<subparagraph id="HBD98635D633A43699836262EEB8B17A5"><enum>(A)</enum><text>the Secretary, at
least 60 days before the day on which he or she enters into the temporary spent
nuclear fuel storage agreement or agreements notifies the House of
Representatives and the Senate of his intention to enter into the agreement or
agreements, and promptly thereafter publishes notice of such intention in the
Federal Register;</text>
</subparagraph><subparagraph id="H66F794895B7444609DE9435501E96C95"><enum>(B)</enum><text>the Governor of
the State or States in which the facility is proposed to be located submits
written notice to the Secretary that the Governor supports the temporary spent
nuclear fuel storage agreement; and</text>
</subparagraph><subparagraph id="H1C0D16DE436941C0A6FE9C258D00FABB"><enum>(C)</enum><text>after entering
into the agreement, the Secretary submits to the House of Representatives and
to the Senate a copy of the final text of the agreement, together with—</text>
<clause id="H564CE6EE3D4047BF81E81C48FCE19EC1"><enum>(i)</enum><text>a
draft of an implementing bill; and</text>
</clause><clause id="H9086689FF35D40DE992E06BF4009F66"><enum>(ii)</enum><text>a
statement of any administrative action proposed to implement the
agreement.</text>
</clause></subparagraph></paragraph><paragraph id="HCA0629EC1DBB4152B8BF1EDA455DEB20"><enum>(2)</enum><header>Application of
expedited procedures to implementing bills</header><text>The provisions of
subsection (e) apply to implementing bills submitted with respect to temporary
spent nuclear fuel storage agreements entered into and submitted pursuant to
this section.</text>
</paragraph></subsection><subsection id="HCAA4AA88E5FE49E7A3E896774004E7E"><enum>(e)</enum><header>Expedited
procedures for congressional review of temporary spent nuclear fuel storage
agreements</header>
<paragraph id="H345B8775B5284B46AE07BCF8FB86BB95"><enum>(1)</enum><header>Rules of House
of Representative and Senate</header><text>The provisions of this subsection
are enacted by the Congress—</text>
<subparagraph id="H27A1FF5802A24550ACB33D9CC68C2D9"><enum>(A)</enum><text>as an exercise of
the rulemaking power of the House of Representatives and the Senate,
respectively, and as such they are deemed a part of the rules of each House,
respectively, but applicable only with respect to the procedure to be followed
in that House in the case of implementing bills and approval resolutions; and
they supersede other rules only to the extent that they are inconsistent
therewith; and</text>
</subparagraph><subparagraph id="H76105F304CAD42FF9D35B92832E4A4EE"><enum>(B)</enum><text>with full
recognition of the constitutional right of either House to change the rules (so
far as relating to the procedure of that House at any time, in the same manner
and to the same extent as in the case of any other rule of that House.</text>
</subparagraph></paragraph><paragraph id="H78274AB37D90479A81D2007442CDC7C5"><enum>(2)</enum><header>Definitions</header><text>For
purposes of this subsection—</text>
<subparagraph id="H45D4707DEBD4481EA3B2F437DD83262C"><enum>(A)</enum><text>The term
<quote>community</quote> means any entity of local government appropriate, in
terms of legal authority, for negotiating and entering into temporary spent
nuclear fuel storage agreements provided for in this section.</text>
</subparagraph><subparagraph id="H452ACDDCEC6740A8AD82006814F800EF"><enum>(B)</enum><text>The term
<quote>implementing bill</quote> means only a bill of either House of Congress
which is introduced as provided in paragraph (3) with respect to one or more
temporary spent nuclear fuel storage agreements and which contain—</text>
<clause id="HA98375505963479C8B7BA305F2F4B5FE"><enum>(i)</enum><text>a
provision approving such storage agreements;</text>
</clause><clause id="H907981152BD44F9388C5DBF7DD65EC44"><enum>(ii)</enum><text>a
provision approving the statement of administrative action (if any) proposed to
implement such storage agreements;</text>
</clause><clause id="HDEC68CFC44194AFAB15C3562BA6FE9E6"><enum>(iii)</enum><text>if
changes in existing laws or new statutory authority is required to implement
such storage agreement or agreements, provisions necessary or appropriate to
implement such agreement or agreements either repealing or amending existing
laws or providing new statutory authority; and</text>
</clause><clause id="HE3D182F318FA48C397A80174C5A7E6E2"><enum>(iv)</enum><text>a
provision containing revenue measures (if any), by reason of which the bill
must originate in the House of Representatives as provided for in paragraph
(3).</text>
</clause></subparagraph><subparagraph id="H22FF3FCDD31746C38CEBEE37EBF71F07"><enum>(C)</enum><text>The term
<quote>approval resolution</quote> means only a joint resolution of the two
Houses of the Congress, the matter after the resolving clause of which is as
follows: <quote>That the Congress approves the temporary spent nuclear fuel
storage agreement between the Secretary of Energy and ___ on ___,</quote> the
first blank space being filled with the name of the governor involved and the
second blank space being filled in with the appropriate date.</text>
</subparagraph></paragraph><paragraph id="H0FB40C19401E47ABA4052C9102694DEA"><enum>(3)</enum><header>Introduction and
referral</header><text>On the day on which the temporary spent nuclear fuel
storage agreement is submitted to the House of Representatives and the Senate
under this section, the implementing bill submitted by the Secretary with
respect to such temporary spent nuclear fuel storage agreement shall be
introduced (by request) in the House by the majority leader of the House, for
himself and the minority leader of the House, or by Members of the House
designated by the majority leader and minority leader of the House; and shall
be introduced (by request) in the Senate by the majority leader of the Senate,
for himself and the minority leader of the Senate, or by Members of the Senate
designated by the majority leader and minority leader of the Senate. If either
House is not in session on the day on which such temporary spent nuclear fuel
storage agreement is submitted, the implementing bill shall be introduced in
that House, as provided in the preceding sentence, on the first day thereafter
on which that House is in session. Such bills shall be referred by the
Presiding Officers of the respective Houses to the appropriate committee, or,
in the case of a bill containing provisions within the jurisdiction of two or
more committees, jointly to such committees for consideration of those
provisions within their respective jurisdictions.</text>
</paragraph><paragraph id="HE71BBD0D5EBB428499ED9724B3A54E14"><enum>(4)</enum><header>Amendments
prohibited</header><text>No amendment to an implementing bill or approval
resolution shall be in order in either the House of Representatives or the
Senate; and no motion to suspend the application of this paragraph shall be in
order in either House, nor shall it be in order in either House for the
Presiding Officer to entertain a request to suspend the application of this
paragraph by unanimous consent.</text>
</paragraph><paragraph id="H08900023B79F49CCB3008FC8DEA12E94"><enum>(5)</enum><header>Period for
committee and floor consideration</header>
<subparagraph id="H57A74FDB2B4442ADA0ECDFDCC58FB8FE"><enum>(A)</enum><text>Except as provided
in subparagraph (B), if the committee or committees of either House to which an
implementing bill or approval resolution has been referred have not reported it
at the close of the 45th day after its introduction, such committee or
committees shall be automatically discharged from further consideration of the
bill or resolution and it shall be placed on the appropriate calendar. A vote
on final passage of the bill or resolution shall be taken in each House on or
before the close of the 15th day after the bill or resolution is reported by
the committee or committees of that House to which it was referred, or after
such committee or committees have been discharged from further consideration of
the bill or resolution. If prior to the passage by one House of an implementing
bill or approval resolution of that House, that House receives the same
implementing bill or approval resolution from the other House, then—</text>
<clause id="HEC8AC61DE2FD4741867C8BDBDD60D45E"><enum>(i)</enum><text>the
procedure in that House shall be the same as if no implementation bill or
approval resolution had been received from the other House, but</text>
</clause><clause id="H3B8B0263E2954203AAE7BC2071992117"><enum>(ii)</enum><text>the
vote on final passage shall be on the implementing bill or approval resolution
of the other House.</text>
</clause></subparagraph><subparagraph id="H6E99834076D14FADA3D8F9DEE34212D6"><enum>(B)</enum><text>For purposes of
computing a number of days in either House as provided for in subparagraph (A),
there shall be excluded any day on which that House is not in session.</text>
</subparagraph><subparagraph id="HB6798AA5E3464E458FA7BBDD006B97"><enum>(C)</enum><text>If the implementing
bill contains one or more revenue measures—</text>
<clause id="H96674FB1E71C480493F41989BE1CB9DB"><enum>(i)</enum><text>the
provisions of subparagraph (A) shall not apply; and</text>
</clause><clause id="H9EB894F2CEB14336AFEBC07CFD267F03"><enum>(ii)</enum><text>the
Senate shall not take final action on the bill until it is received from the
House.</text>
</clause></subparagraph></paragraph><paragraph id="H43EF66477D374A679DECF7F8DA9BBDD3"><enum>(6)</enum><header>Floor
consideration in the house</header>
<subparagraph id="H7C0601E5945F4158B16434836545CB55"><enum>(A)</enum><text>A motion in the
House of Representatives to proceed to the consideration of an implementing
bill or approval resolution shall be highly privileged and not debatable. An
amendment to the motion shall not be in order, nor shall it be in order to move
to reconsider the vote by which the motion is agreed to or disagreed to.</text>
</subparagraph><subparagraph id="H251E370F5F7547738000FDEE602D6BB5"><enum>(B)</enum><text>Debate in the
House of Representatives on an implementing bill or approval resolution shall
be limited to not more than 10 hours, which shall be divided equally between
those favoring and those opposing the bill or resolution. A motion further to
limit debate shall not be debatable. It shall not be in order to move to
recommit an implementing bill or approval resolution or to move to reconsider
the vote by which an implementing bill or approval resolution is agreed to or
disagreed to.</text>
</subparagraph><subparagraph id="HCD0E0A3744B34BE6BDF605A140078DF"><enum>(C)</enum><text>Motions to
postpone, made in the House of Representatives with respect to the
consideration of an implementing bill or approval resolution, and motions to
proceed to the consideration of other business, shall be decided without
debate. If a motion to proceed to consideration is agreed to, such resolution
shall remain unfinished business of House until disposed of.</text>
</subparagraph><subparagraph id="H75AC37D460D14FD8B5FD98E84E41142D"><enum>(D)</enum><text>All appeals from
the decisions of the Chair relating to the application of the Rules of the
House of Representatives to the procedure relating to an implementing bill or
approval resolution shall be decided without debate.</text>
</subparagraph><subparagraph id="HF9C6521481DC4168A3ED38FF9F87028F"><enum>(E)</enum><text>Except to the
extent specifically provided in the preceding provisions of this paragraph,
consideration of an implementing bill or approval resolution shall be governed
by the Rules of the House of Representatives applicable to other bills and
resolutions in similar circumstances.</text>
</subparagraph></paragraph><paragraph id="HA5C12C26391549FCBEBA46CC445156B6"><enum>(7)</enum><header>Floor
consideration in the senate</header>
<subparagraph id="HFF1447329F3D4650A2D9886CC4FAB8B"><enum>(A)</enum><text>A motion in the
Senate to proceed to the consideration of an implementing bill or approval
resolution shall be privileged and not debatable. An amendment to the motion
shall not be in order, nor shall it be in order to move to reconsider the vote
by which the motion is agreed to or disagreed to.</text>
</subparagraph><subparagraph id="HB0C8EDE941F44FF6922BA8B4AC6FBB51"><enum>(B)</enum><text>Debate in the
Senate on an implementing bill or approval resolution, and all debatable
motions and appeals in connection therewith, shall be limited to not more than
10 hours. The time shall be equally divided between, and controlled by, the
majority leader and the minority leader or their designees.</text>
</subparagraph><subparagraph id="H393437B5CE7740EDBC2E2C84F4552239"><enum>(C)</enum><text>Debate in the
Senate on any debatable motion or appeal in connection with an implementing
bill or approval resolution shall be limited to not more than 1 hour, to be
equally divided between, and controlled by, the mover and the manager of the
bill or resolution, except that in the event the manager of the bill or
resolution is in favor of any such motion or appeal, the time in opposition
thereto shall be controlled by the minority leader or his designee. Such
leaders, or either of them, may, from time under their control on the passage
of an implementing bill or approval resolution, allot additional time to any
Senator during the consideration of any debatable motion or appeal.</text>
</subparagraph><subparagraph id="H31726095D6714912A3E850F618AB71E"><enum>(D)</enum><text>A motion in the
Senate to further limit debate is not debatable. A motion to recommit an
implementation bill or approval resolution is not in order.</text>
</subparagraph></paragraph></subsection></section><section id="H5BF738EADD774DC19E570236CAA0B623"><enum>209.</enum><header>Confidence in
availability of waste disposal</header>
<subsection id="HC232A9D96B4A4564BF7405B4E9C2235"><enum>(a)</enum><header>Congressional
determination</header><text>The Congress finds that—</text>
<paragraph id="H717D96C9B7D446219BAD9035C9F5F56F"><enum>(1)</enum><text>there is
reasonable assurance that high-level radioactive waste and spent nuclear fuel
generated in reactors licensed by the Nuclear Regulatory Commission in the
past, currently, or in the future will be managed in a safe manner without
significant environmental impact until capacity for ultimate disposal is
available; and</text>
</paragraph><paragraph id="HCD1C9A6C718F4A77B1F5677E427418B8"><enum>(2)</enum><text>the Federal
Government is responsible and has an established a policy for the ultimate safe
and environmentally sound disposal of such high-level radioactive waste and
spent nuclear fuel.</text>
</paragraph></subsection><subsection id="HDE264C8694664CB7A96BAAA6E15A404"><enum>(b)</enum><header>Regulatory
consideration</header><text>Notwithstanding any other provision of law, for the
period following the licensed operation of a civilian nuclear power reactor or
any facility for the treatment or storage of spent nuclear fuel or high-level
radioactive waste, no consideration of the public health and safety, common
defense and security, or environmental impacts of the storage of high-level
radioactive waste and spent nuclear fuel generated in reactors licensed by the
Nuclear Regulatory Commission in the past, currently, or in the future, is
required by the Department of Energy or the Nuclear Regulatory Commission in
connection with the development, construction, and operation of, or any permit,
license, license amendment, or siting approval for, a civilian nuclear power
reactor or any facility for the treatment or storage of spent nuclear fuel or
high-level radioactive waste. Nothing in this section shall affect the
Department of Energy’s and Nuclear Regulatory Commission’s obligation to
consider the public health and safety, common defense and security, and
environmental impacts of storage during the period of licensed operation of a
civilian nuclear power reactor or facility for the treatment or storage of
spent nuclear fuel or high-level radioactive waste.</text>
</subsection></section><enum>III</enum><header>Drilling</header>
<subtitle id="H8DD1D96AEA6E445797D44373011678C3"><enum>A</enum><header>Tax
provisions</header>
<section id="H0795644F058C4E7EA296D7C1E7E1536"><enum>301.</enum><header>Credit for
producing fuel from nonconventional sources to apply to gas produced onshore
from formations more than 15,000 feet deep</header>
<subsection id="H466416D01BFF4D579E79E0913653626F"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Subparagraph (B) of
<external-xref legal-doc="usc" parsable-cite="usc/26/45K">section 45K(c)(1)</external-xref> of the Internal Revenue Code of 1986 is amended by striking
<quote>or</quote> at the end of clause (i), by striking <quote>and</quote> at
the end of clause (ii) and inserting <quote>or</quote>, and by inserting after
clause (ii) the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="HB5DB41116E16417D8547B097AFBD00FB" style="OLC">
<clause id="H5A08EC9FE9464BAA9C6F39286F021600"><enum>(iii)</enum><text display-inline="yes-display-inline">an onshore well from a formation more than
15,000 feet deep,
and</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H4E8421D5E99746E5BE75823D002F10EB"><enum>(b)</enum><header>Eligible deep
gas wells</header><text>Section 45K of such Code is amended by adding at the
end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="HF3BC8FFAC3CD43E7AEC8093231F55600" style="OLC">
<subsection id="H6BB2F0F980EA4B6A92BE2753CE2BED71"><enum>(h)</enum><header>Eligible deep
gas wells</header><text display-inline="yes-display-inline">In the case of a
well producing qualified fuel described in subsection (c)(1)(B)(iii)—</text>
<paragraph id="H0D32DE4E30294A43B7A7A238FC235013"><enum>(1)</enum><text display-inline="yes-display-inline">for purposes of subsection (e)(1)(A), such
well shall be treated as drilled before January 1, 1993, if such well is
drilled after the date of the enactment of the
<short-title>$150 Barrel Energy Extortion Act of
2008</short-title>, and</text>
</paragraph><paragraph id="H16176A40092043B88FC681D03DCC2B4E"><enum>(2)</enum><text display-inline="yes-display-inline">subsection (e)(2) shall not
apply.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H623AEBBBBBB945F7AB66C6C52380C359"><enum>(c)</enum><header>Effective
date</header><text display-inline="yes-display-inline">The amendments made by
this section shall apply to taxable years ending after the effective date of
this Act.</text>
</subsection></section><section id="H4A0F643C0EB14BDCB49FAB0069A1F0AB" section-type="subsequent-section"><enum>302.</enum><header>Tax credit for
carbon dioxide captured from industrial sources and used in enhanced oil and
natural gas recovery</header>
<subsection id="HE9D2CE3CFF3D4A24AF1D16D0082331F1"><enum>(a)</enum><header>In
general</header><text>Subpart D of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 (relating to business credits) is amended by
adding at the end the following new section:</text>
<quoted-block display-inline="no-display-inline" id="HAB00B737B2B64AB0B9504F0969165BA" style="OLC">
<section id="H168EF1A2E81940C08883A6233B2C57E6"><enum>45Q.</enum><header>Credit for
carbon dioxide captured from industrial sources and used as a tertiary
injectant in enhanced oil and natural gas recovery</header>
<subsection id="H96C879151F254896BB7B28F26816AF"><enum>(a)</enum><header>General
rule</header><text display-inline="yes-display-inline">For purposes of section
38, the captured carbon dioxide tertiary injectant credit for any taxable year
is an amount equal to the product of—</text>
<paragraph id="HDCC5D50BA639463FB954B6F273CA821"><enum>(1)</enum><text>the credit amount,
and</text>
</paragraph><paragraph id="H32D9A2178B79446EA9FDF64DCCFCE6F"><enum>(2)</enum><text>the qualified
carbon dioxide captured from industrial sources and used as a tertiary
injectant in qualified enhanced oil and natural gas recovery which is
attributable to the taxpayer.</text>
</paragraph></subsection><subsection id="HEE6F6EE2C73B4CC5A2849FBBE4A1B07"><enum>(b)</enum><header>Credit
amount</header><text>For purposes of this section—</text>
<paragraph id="H77C660198A204195B7004BB6DE359588"><enum>(1)</enum><header>In
general</header><text>The credit amount is $0.75 per 1,000 standard cubic
feet.</text>
</paragraph><paragraph id="H9019612FAFD644FFBC78C7AD7309A3C1"><enum>(2)</enum><header>Inflation
adjustment</header><text display-inline="yes-display-inline">In the case of any
taxable year beginning in a calendar year after 2008, there shall be
substituted for the $0.75 amount under paragraph (1) an amount equal to the
product of—</text>
<subparagraph id="HAB08EB0E61444C56B5EDDD9A2004D9E"><enum>(A)</enum><text display-inline="yes-display-inline">$0.75, multiplied by</text>
</subparagraph><subparagraph id="H37505F5B1EF24474A17D36450969A737"><enum>(B)</enum><text>the inflation
adjustment factor for such calendar year determined under section 43(b)(3)(B)
for such calendar year, determined by substituting <quote>2006</quote> for
<quote>1990</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H324CC50BBE824850A08ECDB830A9B1E4"><enum>(c)</enum><header>Qualified carbon
dioxide</header><text>For purposes of this section—</text>
<paragraph id="H60ED95CCFA92400F9F871FBF15F2AAC2"><enum>(1)</enum><header>In
general</header><text>The term <term>qualified carbon dioxide</term> means
carbon dioxide captured from an anthropogenic source that—</text>
<subparagraph id="HD44AD97DABD7494888621DA72967F856"><enum>(A)</enum><text>would otherwise be
released into the atmosphere as industrial emission of greenhouse gas,</text>
</subparagraph><subparagraph id="HB90E5C9AD4804F82823E24BAFC759CAF"><enum>(B)</enum><text>is measurable at
the source of capture,</text>
</subparagraph><subparagraph id="H9CE3BFF770604EB380551C6F1D50E082"><enum>(C)</enum><text>is compressed,
treated, and transported via pipeline,</text>
</subparagraph><subparagraph id="H3A04C942E06A4ED282E8E400334BCDC7"><enum>(D)</enum><text>is sold as a
tertiary injectant in qualified enhanced oil and natural gas recovery,
and</text>
</subparagraph><subparagraph id="H839D7FF2BF054CF2BB6C2D469DDFD41B"><enum>(E)</enum><text>is permanently
sequestered in geological formations as a result of the enhanced oil and
natural gas recovery process.</text>
</subparagraph></paragraph><paragraph id="H422BE596CB674D8AB11D268B6B193390"><enum>(2)</enum><header>Anthropogenic
source</header><text display-inline="yes-display-inline">An anthropogenic
source of carbon dioxide is an industrial source, including any of the
following types of plants, and facilities related to such plant—</text>
<subparagraph id="HBB451F2C76B14B9397002D959972E178"><enum>(A)</enum><text display-inline="yes-display-inline">a coal and natural gas fired electrical
generating power station,</text>
</subparagraph><subparagraph id="H79E274F6886D478E8BA3F9B8DFFD7D"><enum>(B)</enum><text display-inline="yes-display-inline">a natural gas processing and treating
plant,</text>
</subparagraph><subparagraph id="H6D29A39A588B4ED187B52F57FE49B9DD"><enum>(C)</enum><text display-inline="yes-display-inline">an ethanol plant,</text>
</subparagraph><subparagraph id="HF47C474D57E4414983F7FDC40584BAF"><enum>(D)</enum><text display-inline="yes-display-inline">a fertilizer plant, and</text>
</subparagraph><subparagraph id="H657C16A0DCC046A0BDFCC75BFFFEF291"><enum>(E)</enum><text>a chemical
plant.</text>
</subparagraph></paragraph><paragraph id="HC159A9F166F64B0583C6D0BA2FDFBFDE"><enum>(3)</enum><header>Definitions</header>
<subparagraph id="H88D6BA15B4294A43A5187217E7701636"><enum>(A)</enum><header>Qualified
enhanced oil and natural gas recovery</header><text>The term <term>qualified
enhanced oil and natural gas recovery</term> has the meaning given such term by
section 43(c)(2).</text>
</subparagraph><subparagraph id="H42758EEC47924D7487F48C249365CAEA"><enum>(B)</enum><header>Tertiary
injectant</header><text>The term <term>tertiary injectant</term> has the same
meaning as when used within section 193(b)(1).</text>
</subparagraph></paragraph></subsection><subsection id="H841105418FBA4CB4A6EEA00D6262200"><enum>(d)</enum><header>Other definitions
and special rules</header><text>For purposes of this section—</text>
<paragraph id="HFD6219F9B1584C139C9D6653EF795E21"><enum>(1)</enum><header>Only carbon
dioxide captured within the United States taken into
account</header><text>Sales shall be taken into account under this section only
with respect to qualified carbon dioxide of which is within—</text>
<subparagraph id="HC08F4DCE3E934EFD001108712C000052"><enum>(A)</enum><text>the United States
(within the meaning of section 638(1)), or</text>
</subparagraph><subparagraph id="H4B6F36C801654B32B00385AE48BE9F43"><enum>(B)</enum><text>a possession of
the United States (within the meaning of section 638(2)).</text>
</subparagraph></paragraph><paragraph id="H8B182FD1452A421FBABC032F921421D"><enum>(2)</enum><header>Recycled carbon
dioxide</header><text>The term <term>qualified carbon dioxide</term> includes
the initial deposit of captured carbon dioxide used as a tertiary injectant.
Such term does not include carbon dioxide that is re-captured, recycled, and
re-injected as part of the enhanced oil and natural gas recovery
process.</text>
</paragraph><paragraph id="H1B8D40CF0F004124B6111B02B43154A6"><enum>(3)</enum><header>Credit
attributable to taxpayer</header><text>Any credit under this section shall be
attributable to the person that captures, treats, compresses, transports and
sells the carbon dioxide for use as a tertiary injectant in enhanced oil and
natural gas recovery, except to the extent provided in regulations prescribed
by the
Secretary.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection display-inline="no-display-inline" id="HE797296D066F41A689B4F6786C71425"><enum>(b)</enum><header>Conforming
amendment</header><text>Section 38(b) (relating to general business credit) is
amended by striking <quote>plus</quote> at the end of paragraph (32), by
striking the period at the end of paragraph (33) and inserting <quote>,
plus</quote>, and by adding at the end of following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H4853BC455B6547E29687AE8B83E34C" style="OLC">
<paragraph id="H43912478071A4AEAAA21F58869E956DE"><enum>(34)</enum><text display-inline="yes-display-inline">the captured carbon dioxide tertiary
injectant credit determined under section
45P(a).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H7C4F838C2A474574A694F35B44503A8"><enum>(c)</enum><header>Clerical
amendment</header><text>The table of sections for subpart B of part IV of
subchapter A of chapter 1 (relating to other credits) is amended by adding at
the end the following new section:</text>
<quoted-block display-inline="no-display-inline" id="H143CEF66B2694088B39323A55F13B3AA" style="OLC">
<toc container-level="quoted-block-container" idref="HAB00B737B2B64AB0B9504F0969165BA" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration">
<toc-entry idref="H168EF1A2E81940C08883A6233B2C57E6" level="section">Sec. 45Q. Credit for carbon dioxide captured from industrial
sources and used as a tertiary injectant in enhanced oil and natural gas
recovery.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HD542AB315451486C84C2F1683587522"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after the effective date of this Act.</text>
</subsection></section></subtitle><subtitle id="H6A30D08D2ACD42D58F3F969DCA562488"><enum>B</enum><header>Termination of
congressional moratoria on oil and gas development on the outer Continental
Shelf</header>
<section id="HB8FA8A42B8E049749C996B20586C35AC"><enum>311.</enum><header>Termination of
laws prohibiting expenditures for oil and natural gas leasing and preleasing
activities regarding areas of the outer continental shelf</header><text display-inline="no-display-inline">All provisions of existing Federal law
prohibiting the spending of appropriated funds to conduct oil and natural gas
leasing and preleasing activities for any area of the Outer Continental Shelf
shall have no force or effect.</text>
</section></subtitle><subtitle id="H66BE38CD530642F09EE1FD35A0669CE3"><enum>C</enum><header>Oil and gas
development on the Coastal Plain of Alaska</header>
<section display-inline="no-display-inline" id="HB3D99BB6C8344AC99963DB9BE3187346" section-type="subsequent-section"><enum>321.</enum><header>Short
title</header><text display-inline="no-display-inline">This subtitle may be
cited as the <quote><short-title>American-Made Energy and
Good Jobs Act</short-title></quote>.</text>
</section><section id="H777E8260720543568F5B0126E2B7322D"><enum>322.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="HCF1FEAFE44B84C7382CD73AF002CE23F"><enum>(1)</enum><header>Coastal
Plain</header><text>The term <term>Coastal Plain</term> means that area
described in appendix I to part 37 of title 50, Code of Federal
Regulations.</text>
</paragraph><paragraph id="HFF196BBC8B344E31A887CD61E8E00079"><enum>(2)</enum><header>Secretary</header><text>The
term <term>Secretary</term>, except as otherwise provided, means the Secretary
of the Interior or the Secretary’s designee.</text>
</paragraph></section><section id="H9AD008FFBA834F8785217F09672F90CE"><enum>323.</enum><header>Leasing program
for lands within the Coastal Plain</header>
<subsection id="H3EDF827952F74CA3833EF97B42ED33D1"><enum>(a)</enum><header>In
general</header><text>The Secretary shall take such actions as are
necessary—</text>
<paragraph id="H9A963DD3929C48DB99956C14D686776C"><enum>(1)</enum><text>to establish and
implement, in accordance with this subtitle and acting through the Director of
the Bureau of Land Management in consultation with the Director of the United
States Fish and Wildlife Service, a competitive oil and gas leasing program
that will result in an environmentally sound program for the exploration,
development, and production of the oil and gas resources of the Coastal Plain;
and</text>
</paragraph><paragraph id="HE3CD37D19EFF4360AD82056900AFA9E4"><enum>(2)</enum><text>to administer the
provisions of this subtitle through regulations, lease terms, conditions,
restrictions, prohibitions, stipulations, and other provisions that ensure the
oil and gas exploration, development, and production activities on the Coastal
Plain will result in no significant adverse effect on fish and wildlife, their
habitat, subsistence resources, and the environment, including, in furtherance
of this goal, by requiring the application of the best commercially available
technology for oil and gas exploration, development, and production to all
exploration, development, and production operations under this subtitle in a
manner that ensures the receipt of fair market value by the public for the
mineral resources to be leased.</text>
</paragraph></subsection><subsection id="H9CAF5F0A48054CE0A75897E2DF68605B"><enum>(b)</enum><header>Repeal</header>
<paragraph id="HEA2D7F9D35B047CAA816B10281007C71"><enum>(1)</enum><header>Repeal</header><text>Section
1003 of the Alaska National Interest Lands Conservation Act of 1980 (16 U.S.C.
3143) is repealed.</text>
</paragraph><paragraph id="HC9E01FF86F1C42F08FCDCA56BDF3C22E"><enum>(2)</enum><header>Conforming
amendment</header><text>The table of contents in section 1 of such Act is
amended by striking the item relating to section 1003.</text>
</paragraph></subsection><subsection id="HB73650C1098C480AB2F893F67692FE87"><enum>(c)</enum><header>Compliance with
requirements under certain other laws</header>
<paragraph id="H055D7B11E91F4888901622F9BF266C4C"><enum>(1)</enum><header>Compatibility</header><text>For
purposes of the National Wildlife Refuge System Administration Act of 1966 (16
U.S.C. 668dd et seq.), the oil and gas leasing program and activities
authorized by this section in the Coastal Plain are deemed to be compatible
with the purposes for which the Arctic National Wildlife Refuge was
established, and no further findings or decisions are required to implement
this determination.</text>
</paragraph><paragraph id="H2B5D03F5879A4317A2385E1F63FDF667"><enum>(2)</enum><header>Adequacy of the
Department of the Interior’s legislative environmental impact
statement</header><text>The <quote>Final Legislative Environmental Impact
Statement</quote> (April 1987) on the Coastal Plain prepared pursuant to
section 1002 of the Alaska National Interest Lands Conservation Act of 1980 (16
U.S.C. 3142) and section 102(2)(C) of the National Environmental Policy Act of
1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(C)</external-xref>) is deemed to satisfy the requirements under the
National Environmental Policy Act of 1969 that apply with respect to prelease
activities, including actions authorized to be taken by the Secretary to
develop and promulgate the regulations for the establishment of a leasing
program authorized by this subtitle before the conduct of the first lease
sale.</text>
</paragraph><paragraph id="HE01ACE6A21534CC1A809F5FB27DC56B0"><enum>(3)</enum><header>Compliance with
NEPA for other actions</header><text>Before conducting the first lease sale
under this subtitle, the Secretary shall prepare an environmental impact
statement under the National Environmental Policy Act of 1969 with respect to
the actions authorized by this Act that are not referred to in paragraph (2).
Notwithstanding any other law, the Secretary is not required to identify
nonleasing alternative courses of action or to analyze the environmental
effects of such courses of action. The Secretary shall only identify a
preferred action for such leasing and a single leasing alternative, and analyze
the environmental effects and potential mitigation measures for those two
alternatives. The identification of the preferred action and related analysis
for the first lease sale under this subtitle shall be completed within 18
months after the effective date of this Act. The Secretary shall only consider
public comments that specifically address the Secretary’s preferred action and
that are filed within 20 days after publication of an environmental analysis.
Notwithstanding any other law, compliance with this paragraph is deemed to
satisfy all requirements for the analysis and consideration of the
environmental effects of proposed leasing under this subtitle.</text>
</paragraph></subsection><subsection id="HDBEF55A7595749E486DDEB6604625C8"><enum>(d)</enum><header>Relationship to
State and local authority</header><text>Nothing in this subtitle shall be
considered to expand or limit State and local regulatory authority.</text>
</subsection><subsection id="HEE38E30D0DD146878D8395610862D37C"><enum>(e)</enum><header>Special
areas</header>
<paragraph id="H77B1136416B049B782924C590535EFA6"><enum>(1)</enum><header>In
general</header><text>The Secretary, after consultation with the State of
Alaska, the city of Kaktovik, and the North Slope Borough, may designate up to
a total of 45,000 acres of the Coastal Plain as a Special Area if the Secretary
determines that the Special Area is of such unique character and interest so as
to require special management and regulatory protection. The Secretary shall
designate as such a Special Area the Sadlerochit Spring area, comprising
approximately 4,000 acres.</text>
</paragraph><paragraph id="H4BA918D445344A6EABD3F4207C9E63D2"><enum>(2)</enum><header>Management</header><text>Each
such Special Area shall be managed so as to protect and preserve the area’s
unique and diverse character including its fish, wildlife, and subsistence
resource values.</text>
</paragraph><paragraph id="H787DA0CB045B40A0979D6619C6E36BAE"><enum>(3)</enum><header>Exclusion from
leasing or surface occupancy</header><text>The Secretary may exclude any
Special Area from leasing. If the Secretary leases a Special Area, or any part
thereof, for purposes of oil and gas exploration, development, production, and
related activities, there shall be no surface occupancy of the lands comprising
the Special Area.</text>
</paragraph><paragraph id="HD23F5D5D26784A309F81A74B894B9E9D"><enum>(4)</enum><header>Directional
drilling</header><text>Notwithstanding the other provisions of this subsection,
the Secretary may lease all or a portion of a Special Area under terms that
permit the use of horizontal drilling technology from sites on leases located
outside the Special Area.</text>
</paragraph></subsection><subsection id="H4A0CECCDD76C443EA9A6EC72FBFFFEFE"><enum>(f)</enum><header>Limitation on
closed areas</header><text>The Secretary’s sole authority to close lands within
the Coastal Plain to oil and gas leasing and to exploration, development, and
production is that set forth in this subtitle.</text>
</subsection><subsection id="HFCD060AF80CF49619070C8BFA42488C3"><enum>(g)</enum><header>Regulations</header>
<paragraph id="H750AA0FA2B7941AE995C73E6697EC979"><enum>(1)</enum><header>In
general</header><text>The Secretary shall prescribe such regulations as may be
necessary to carry out this subtitle, including rules and regulations relating
to protection of the fish and wildlife, their habitat, subsistence resources,
and environment of the Coastal Plain, by no later than 15 months after the
effective date of this Act.</text>
</paragraph><paragraph id="H930E6615F56A4A6E9C445E16C01EB6A"><enum>(2)</enum><header>Revision of
regulations</header><text>The Secretary shall periodically review and, if
appropriate, revise the rules and regulations issued under subsection (a) to
reflect any significant biological, environmental, or engineering data that
come to the Secretary’s attention.</text>
</paragraph></subsection></section><section id="HC0B91DAFDC2F432C860896636C5C6E45"><enum>324.</enum><header>Lease
sales</header>
<subsection id="HD7615BCEC0B7430FBFEDFB34CE303F49"><enum>(a)</enum><header>In
general</header><text>Lands may be leased pursuant to this subtitle to any
person qualified to obtain a lease for deposits of oil and gas under the
Mineral Leasing Act (<external-xref legal-doc="usc" parsable-cite="usc/30/181">30 U.S.C. 181 et seq.</external-xref>).</text>
</subsection><subsection id="HCBF4FD37EE6746BEBA741EC38F89BC6E"><enum>(b)</enum><header>Procedures</header><text>The
Secretary shall, by regulation, establish procedures for—</text>
<paragraph id="H0A836F1456B24BF1A6778549D5EE067B"><enum>(1)</enum><text>receipt and
consideration of sealed nominations for any area in the Coastal Plain for
inclusion in, or exclusion (as provided in subsection (c)) from, a lease
sale;</text>
</paragraph><paragraph id="H82764527E95641B68BE400119D97C009"><enum>(2)</enum><text>the holding of
lease sales after such nomination process; and</text>
</paragraph><paragraph id="H60C67ECA3E2C479A838B43DC9C331D7F"><enum>(3)</enum><text>public notice of
and comment on designation of areas to be included in, or excluded from, a
lease sale.</text>
</paragraph></subsection><subsection id="H135C811CFD8C41F5A1026EACFA874C3B"><enum>(c)</enum><header>Lease sale
bids</header><text>Bidding for leases under this subtitle shall be by sealed
competitive cash bonus bids.</text>
</subsection><subsection id="HFA5380FE49F744F0860081ED0097B333"><enum>(d)</enum><header>Acreage minimum
in first sale</header><text>In the first lease sale under this subtitle, the
Secretary shall offer for lease those tracts the Secretary considers to have
the greatest potential for the discovery of hydrocarbons, taking into
consideration nominations received pursuant to subsection (b)(1), but in no
case less than 200,000 acres.</text>
</subsection><subsection id="H16324FCE948F4E50AFF287E9DFD0BB2D"><enum>(e)</enum><header>Timing of lease
sales</header><text>The Secretary shall—</text>
<paragraph id="H7C6BC621984A4ECD962D78F7997BED00"><enum>(1)</enum><text>conduct the first
lease sale under this subtitle within 22 months after the effective date of
this Act; and</text>
</paragraph><paragraph id="H614D05DFCA7548A5B08D83F9541882C8"><enum>(2)</enum><text>conduct additional
sales so long as sufficient interest in development exists to warrant, in the
Secretary’s judgment, the conduct of such sales.</text>
</paragraph></subsection></section><section id="H1A1ADC5AE6D34B68B5816E21F36F48C8"><enum>325.</enum><header>Grant of leases
by the Secretary</header>
<subsection id="H26FA56761587418A91088F49EF7FF599"><enum>(a)</enum><header>In
general</header><text>The Secretary may grant to the highest responsible
qualified bidder in a lease sale conducted pursuant to section 324 any lands to
be leased on the Coastal Plain upon payment by the lessee of such bonus as may
be accepted by the Secretary.</text>
</subsection><subsection id="H3CDB5F916CF1446CBEE7478BD8DF6249"><enum>(b)</enum><header>Subsequent
transfers</header><text>No lease issued under this subtitle may be sold,
exchanged, assigned, sublet, or otherwise transferred except with the approval
of the Secretary. Prior to any such approval the Secretary shall consult with,
and give due consideration to the views of, the Attorney General.</text>
</subsection></section><section id="H61D7C44494B04851B58F5C7C8E01CF4C"><enum>326.</enum><header>Lease terms and
conditions</header><text display-inline="no-display-inline">An oil or gas lease
issued pursuant to this subtitle shall—</text>
<paragraph id="H6D812FE35A1F4A85A6D97C6F5F7DEE5D"><enum>(1)</enum><text>provide for the
payment of a royalty of not less than 12½ percent in amount or value of the
production removed or sold from the lease, as determined by the Secretary under
the regulations applicable to other Federal oil and gas leases;</text>
</paragraph><paragraph id="HE513C1D533774FEF904171DBDE8678EF"><enum>(2)</enum><text>require that the
lessee of lands within the Coastal Plain shall be fully responsible and liable
for the reclamation of lands within the Coastal Plain and any other Federal
lands that are adversely affected in connection with exploration, development,
production, or transportation activities conducted under the lease and within
the Coastal Plain by the lessee or by any of the subcontractors or agents of
the lessee;</text>
</paragraph><paragraph id="H9F17EEEAECF44B5098D7994D63F52D5B"><enum>(3)</enum><text>provide that the
lessee may not delegate or convey, by contract or otherwise, the reclamation
responsibility and liability to another person without the express written
approval of the Secretary;</text>
</paragraph><paragraph id="H1EA98F2CCF53433D90B28C5E3EF8706"><enum>(4)</enum><text>provide that the
standard of reclamation for lands required to be reclaimed under this subtitle
shall be, as nearly as practicable, a condition capable of supporting the uses
which the lands were capable of supporting prior to any exploration,
development, or production activities, or upon application by the lessee, to a
higher or better use as approved by the Secretary;</text>
</paragraph><paragraph id="H9F6C729A9F7C4B20858B00254FB8A089"><enum>(5)</enum><text>include
requirements and restrictions to provide for reasonable protection of fish and
wildlife, their habitat, subsistence resources, and the environment as
determined by the Secretary;</text>
</paragraph><paragraph id="HDCA785AD94B34F18A075C2D212669C85"><enum>(6)</enum><text>prohibit the
export of oil produced under the lease; and</text>
</paragraph><paragraph id="HEB16137E49FC4D5188FA2FE72561345"><enum>(7)</enum><text>contain such other
provisions as the Secretary determines necessary to ensure compliance with the
provisions of this subtitle and the regulations issued under this
subtitle.</text>
</paragraph></section><section id="H6ECED290F0D3462BB8D2F877C2476D8B"><enum>327.</enum><header>Coastal plain
environmental protection</header>
<subsection id="H16AE63C1D90D4C4FBE91FD57C6A7E952"><enum>(a)</enum><header>No significant
adverse effect standard To govern authorized Coastal Plain
activities</header><text>The Secretary shall, consistent with the requirements
of section 323, administer the provisions of this subtitle through regulations,
lease terms, conditions, restrictions, prohibitions, stipulations, and other
provisions that—</text>
<paragraph id="H22230CE55DA34D5AA23CFF5B737C6E39"><enum>(1)</enum><text>ensure the oil and
gas exploration, development, and production activities on the Coastal Plain
will result in no significant adverse effect on fish and wildlife, their
habitat, and the environment;</text>
</paragraph><paragraph id="H57CA915829614420B9910030246928F7"><enum>(2)</enum><text>require the
application of the best commercially available technology for oil and gas
exploration, development, and production on all new exploration, development,
and production operations; and</text>
</paragraph><paragraph id="HBD6CD99F7A404954B790E59395001FFE"><enum>(3)</enum><text>ensure that the
maximum amount of surface acreage covered by production and support facilities,
including airstrips and any areas covered by gravel berms or piers for support
of pipelines, does not exceed 2,000 acres on the Coastal Plain.</text>
</paragraph></subsection><subsection id="H33C0DCAF842B4E6A9F66FFE5A930E6C8"><enum>(b)</enum><header>Site-specific
assessment and mitigation</header><text>The Secretary shall also require, with
respect to any proposed drilling and related activities, that—</text>
<paragraph id="HCB2BA6EFE19648FC89CA2E3FF54FD5D"><enum>(1)</enum><text>a
site-specific analysis be made of the probable effects, if any, that the
drilling or related activities will have on fish and wildlife, their habitat,
subsistence resources, and the environment;</text>
</paragraph><paragraph id="HFC1137C3F92C4158B129EAE14086AA1B"><enum>(2)</enum><text>a
plan be implemented to avoid, minimize, and mitigate (in that order and to the
extent practicable) any significant adverse effect identified under paragraph
(1); and</text>
</paragraph><paragraph id="H61563DADD8A04D0CA7009DBC78790739"><enum>(3)</enum><text>the development of
the plan shall occur after consultation with the agency or agencies having
jurisdiction over matters mitigated by the plan.</text>
</paragraph></subsection><subsection id="H5E8AC17086D0465E9FEF0170B58D989E"><enum>(c)</enum><header>Regulations To
protect coastal plain fish and wildlife resources, subsistence users, and the
environment</header><text>Before implementing the leasing program authorized by
this subtitle, the Secretary shall prepare and promulgate regulations, lease
terms, conditions, restrictions, prohibitions, stipulations, and other measures
designed to ensure that the activities undertaken on the Coastal Plain under
this subtitle are conducted in a manner consistent with the purposes and
environmental requirements of this subtitle.</text>
</subsection><subsection id="H6A1A842B744340AA81A837F1E2656FF"><enum>(d)</enum><header>Compliance with
Federal and State environmental laws and other requirements</header><text>The
proposed regulations, lease terms, conditions, restrictions, prohibitions, and
stipulations for the leasing program under this subtitle shall require
compliance with all applicable provisions of Federal and State environmental
law, and shall also require the following:</text>
<paragraph id="HE6FABAFEA1DE4D928FEAD50001593400"><enum>(1)</enum><text>Standards at least
as effective as the safety and environmental mitigation measures set forth in
items 1 through 29 at pages 167 through 169 of the <quote>Final Legislative
Environmental Impact Statement</quote> (April 1987) on the Coastal
Plain.</text>
</paragraph><paragraph id="H76F722F537AA44208D4261860316C587"><enum>(2)</enum><text>Seasonal
limitations on exploration, development, and related activities, where
necessary, to avoid significant adverse effects during periods of concentrated
fish and wildlife breeding, denning, nesting, spawning, and migration.</text>
</paragraph><paragraph id="H91E60B7F7D324802820831E71A5EF1B"><enum>(3)</enum><text>Design safety and
construction standards for all pipelines and any access and service roads,
that—</text>
<subparagraph id="HA0532325D2D1473DBB0939E0F7A05C80"><enum>(A)</enum><text>minimize, to the
maximum extent possible, adverse effects upon the passage of migratory species
such as caribou; and</text>
</subparagraph><subparagraph id="H8F57E040F146428EBAC44C795111DF7C"><enum>(B)</enum><text>minimize adverse
effects upon the flow of surface water by requiring the use of culverts,
bridges, and other structural devices.</text>
</subparagraph></paragraph><paragraph id="H798CDEED3A224A1600D0508DE5F089CA"><enum>(4)</enum><text>Prohibitions on
general public access and use on all pipeline access and service roads.</text>
</paragraph><paragraph id="HE3A33F70BD5E4639B0F95356C9EB6889"><enum>(5)</enum><text>Stringent
reclamation and rehabilitation requirements, consistent with the standards set
forth in this subtitle, requiring the removal from the Coastal Plain of all oil
and gas development and production facilities, structures, and equipment upon
completion of oil and gas production operations, except that the Secretary may
exempt from the requirements of this paragraph those facilities, structures, or
equipment that the Secretary determines would assist in the management of the
Arctic National Wildlife Refuge and that are donated to the United States for
that purpose.</text>
</paragraph><paragraph id="H6EFC1E54106F4F6CB5D9C7A7EE09C72"><enum>(6)</enum><text>Appropriate
prohibitions or restrictions on access by all modes of transportation.</text>
</paragraph><paragraph id="H0CC5E959D6AE4495BCF5B7DDB291686C"><enum>(7)</enum><text>Appropriate
prohibitions or restrictions on sand and gravel extraction.</text>
</paragraph><paragraph id="H8BA3A40FE45F4C2AA047402D9E840495"><enum>(8)</enum><text>Consolidation of
facility siting.</text>
</paragraph><paragraph id="H264A34CB656D459BB0AF9C17D3F929DA"><enum>(9)</enum><text>Appropriate
prohibitions or restrictions on use of explosives.</text>
</paragraph><paragraph id="H44F0B5D507F24DCDA6FE3EC003053C7"><enum>(10)</enum><text>Avoidance, to the
extent practicable, of springs, streams, and river system; the protection of
natural surface drainage patterns, wetlands, and riparian habitats; and the
regulation of methods or techniques for developing or transporting adequate
supplies of water for exploratory drilling.</text>
</paragraph><paragraph id="HE31621D38DF14C7AB126EC4457AE6C42"><enum>(11)</enum><text>Avoidance or
minimization of air traffic-related disturbance to fish and wildlife.</text>
</paragraph><paragraph id="H0FD8CE1739D741D1A8604C8E89AF054E"><enum>(12)</enum><text>Treatment and
disposal of hazardous and toxic wastes, solid wastes, reserve pit fluids,
drilling muds and cuttings, and domestic wastewater, including an annual waste
management report, a hazardous materials tracking system, and a prohibition on
chlorinated solvents, in accordance with applicable Federal and State
environmental law.</text>
</paragraph><paragraph id="H9DD94A1DEA544D20A005DA4F2145ABA8"><enum>(13)</enum><text>Fuel storage and
oil spill contingency planning.</text>
</paragraph><paragraph id="H08E9781A6ECC43E2B1C0E9EF7C183860"><enum>(14)</enum><text>Research,
monitoring, and reporting requirements.</text>
</paragraph><paragraph id="H7E92CB094158426C00860101AB52244E"><enum>(15)</enum><text>Field crew
environmental briefings.</text>
</paragraph><paragraph id="HBADD1AA82B2A437EA6CBE5D56BF11173"><enum>(16)</enum><text>Avoidance of
significant adverse effects upon subsistence hunting, fishing, and trapping by
subsistence users.</text>
</paragraph><paragraph id="H0E0181099CCE42DE004F3D376C9067B4"><enum>(17)</enum><text>Compliance with
applicable air and water quality standards.</text>
</paragraph><paragraph id="H57C0485EBC5449569CE040CD16F3DE5E"><enum>(18)</enum><text>Appropriate
seasonal and safety zone designations around well sites, within which
subsistence hunting and trapping shall be limited.</text>
</paragraph><paragraph id="H6B346B4FF9334B40B643E1DDECA2B2B"><enum>(19)</enum><text>Reasonable
stipulations for protection of cultural and archeological resources.</text>
</paragraph><paragraph id="HCD43F9A7255E4636AF6E8975062FF03F"><enum>(20)</enum><text>All other
protective environmental stipulations, restrictions, terms, and conditions
deemed necessary by the Secretary.</text>
</paragraph></subsection><subsection id="H6CCDF289779346359967F4E4DB412597"><enum>(e)</enum><header>Considerations</header><text>In
preparing and promulgating regulations, lease terms, conditions, restrictions,
prohibitions, and stipulations under this section, the Secretary shall consider
the following:</text>
<paragraph id="HF72219EB16DA473AAF23E1E050FA976"><enum>(1)</enum><text>The stipulations
and conditions that govern the National Petroleum Reserve-Alaska leasing
program, as set forth in the 1999 Northeast National Petroleum Reserve-Alaska
Final Integrated Activity Plan/Environmental Impact Statement.</text>
</paragraph><paragraph id="H55453DC2629D4BA6BBE29F74DE602B07"><enum>(2)</enum><text>The environmental
protection standards that governed the initial Coastal Plain seismic
exploration program under parts 37.31 to 37.33 of title 50, Code of Federal
Regulations.</text>
</paragraph><paragraph id="HEA860819968142CAA892C2FEF336E82B"><enum>(3)</enum><text>The land use
stipulations for exploratory drilling on the KIC–ASRC private lands that are
set forth in appendix 2 of the August 9, 1983, agreement between Arctic Slope
Regional Corporation and the United States.</text>
</paragraph></subsection><subsection id="H37210EB9B4084A9A894FFD7309A9B80"><enum>(f)</enum><header>Facility
consolidation planning</header>
<paragraph id="H218E4B9444914BEAA74D888853CBC7FB"><enum>(1)</enum><header>In
general</header><text>The Secretary shall, after providing for public notice
and comment, prepare and update periodically a plan to govern, guide, and
direct the siting and construction of facilities for the exploration,
development, production, and transportation of Coastal Plain oil and gas
resources.</text>
</paragraph><paragraph id="H3ED23A95B5384B50B050CF9088FCD100"><enum>(2)</enum><header>Objectives</header><text>The
plan shall have the following objectives:</text>
<subparagraph id="H9B56F2DFE2294E00B9377B6BA63431D9"><enum>(A)</enum><text>Avoiding
unnecessary duplication of facilities and activities.</text>
</subparagraph><subparagraph id="H9BD92CF10C87416900847B38854D4F74"><enum>(B)</enum><text>Encouraging
consolidation of common facilities and activities.</text>
</subparagraph><subparagraph id="H5F8C8C0ADE9A466EABD11E4920488EE0"><enum>(C)</enum><text>Locating or
confining facilities and activities to areas that will minimize impact on fish
and wildlife, their habitat, and the environment.</text>
</subparagraph><subparagraph id="H1E5EB347FF184BC2BE8443514BD000DA"><enum>(D)</enum><text>Utilizing existing
facilities wherever practicable.</text>
</subparagraph><subparagraph id="H5B954BE16AF94CB188261CF965F2E85"><enum>(E)</enum><text>Enhancing
compatibility between wildlife values and development activities.</text>
</subparagraph></paragraph></subsection><subsection id="HF57AA0B778AC425E851B3B645347EF4C"><enum>(g)</enum><header>Access to public
lands</header><text>The Secretary shall—</text>
<paragraph id="H55D585B775A04CAFA7DDA4B2891CA72D"><enum>(1)</enum><text>manage public
lands in the Coastal Plain subject to subsections (a) and (b) of section 811 of
the Alaska National Interest Lands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/16/3121">16 U.S.C. 3121</external-xref>);
and</text>
</paragraph><paragraph id="HC5C94904FF5E4CAAAFC623A7FA8CC884"><enum>(2)</enum><text>ensure that local
residents shall have reasonable access to public lands in the Coastal Plain for
traditional uses.</text>
</paragraph></subsection></section><section id="H796A0B6CACCC4D84B6C224F01B21B528"><enum>328.</enum><header>Expedited
judicial review</header>
<subsection id="H65AE28B86D874016AE971C00AE1FFF7B"><enum>(a)</enum><header>Filing of
complaint</header>
<paragraph id="H7373BC354C6D4BEDAB26FAAD645FAB73"><enum>(1)</enum><header>Deadline</header><text>Subject
to paragraph (2), any complaint seeking judicial review of any provision of
this Act or any action of the Secretary under this subtitle shall be
filed—</text>
<subparagraph id="HE4EEBCD5621540A88679E8D45B006EFE"><enum>(A)</enum><text>except as provided
in subparagraph (B), within the 90-day period beginning on the date of the
action being challenged; or</text>
</subparagraph><subparagraph id="H35C8EB222A324BD6BC284B711FC8E2A2"><enum>(B)</enum><text>in the case of a
complaint based solely on grounds arising after such period, within 90 days
after the complainant knew or reasonably should have known of the grounds for
the complaint.</text>
</subparagraph></paragraph><paragraph id="H1837F28603DD43859E2D021F8D43ABAD"><enum>(2)</enum><header>Venue</header><text>Any
complaint seeking judicial review of any provision of this subtitle or any
action of the Secretary under this subtitle may be filed only in the United
States Court of Appeals for the District of Columbia.</text>
</paragraph><paragraph id="HBBE93A030A2648DDA3C1000539E31EF"><enum>(3)</enum><header>Limitation on
scope of certain review</header><text>Judicial review of a Secretarial decision
to conduct a lease sale under this subtitle, including the environmental
analysis thereof, shall be limited to whether the Secretary has complied with
the terms of this subtitle and shall be based upon the administrative record of
that decision. The Secretary’s identification of a preferred course of action
to enable leasing to proceed and the Secretary’s analysis of environmental
effects under this subtitle shall be presumed to be correct unless shown
otherwise by clear and convincing evidence to the contrary.</text>
</paragraph></subsection><subsection id="H063B1531AB2141BBB000B5AE46A6983D"><enum>(b)</enum><header>Limitation on
other review</header><text>Actions of the Secretary with respect to which
review could have been obtained under this section shall not be subject to
judicial review in any civil or criminal proceeding for enforcement.</text>
</subsection></section><section id="H100BFB6832D14C4D8B52A198694A874"><enum>329.</enum><header>Federal and
State distribution of revenues</header>
<subsection id="H4B3B59D3FC5546CEAB252405ADCF6FB3"><enum>(a)</enum><header>In
general</header><text>Notwithstanding any other provision of law, of the amount
of adjusted bonus, rental, and royalty revenues from Federal oil and gas
leasing and operations authorized under this subtitle—</text>
<paragraph id="H469F42FD7B0E49A5B015EE91B6FFCE00"><enum>(1)</enum><text>25 percent shall
be paid to the State of Alaska; and</text>
</paragraph><paragraph id="H027B43B8FD1E4A579420F3329BE8EFC"><enum>(2)</enum><text>except as provided
in section 332(d), the balance shall be deposited into the Treasury as
miscellaneous receipts.</text>
</paragraph></subsection><subsection id="H7AD0CAC8C4094BC9BD7D2E41C6915505"><enum>(b)</enum><header>Payments to
Alaska</header><text>Payments to the State of Alaska under this section shall
be made semiannually.</text>
</subsection></section><section id="H2C4E1950C77F4205B8D4728FD11D400"><enum>330.</enum><header>Rights-of-way
across the Coastal Plain</header>
<subsection id="HC41021940BFA4BD1AE1536EEB2897BEB"><enum>(a)</enum><header>In
general</header><text>The Secretary shall issue rights-of-way and easements
across the Coastal Plain for the transportation of oil and gas—</text>
<paragraph id="H8BEA9A784DE645FA93804ECA03653D2"><enum>(1)</enum><text>except as provided
in paragraph (2), under section 28 of the Mineral Leasing Act (<external-xref legal-doc="usc" parsable-cite="usc/30/185">30 U.S.C. 185</external-xref>),
without regard to title XI of the Alaska National Interest Lands Conservation
Act (<external-xref legal-doc="usc" parsable-cite="usc/30/3161">30 U.S.C. 3161 et seq.</external-xref>); and</text>
</paragraph><paragraph id="HBBE3819B4965420A9B4800001C5793D8"><enum>(2)</enum><text>under title XI of
the Alaska National Interest Lands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/30/3161">30 U.S.C. 3161 et seq.</external-xref>),
for access authorized by sections 1110 and 1111 of that Act (16 U.S.C. 3170 and
3171).</text>
</paragraph></subsection><subsection id="HBB74B113B4B54E1F9EE3DE9B96A08FCD"><enum>(b)</enum><header>Terms and
conditions</header><text>The Secretary shall include in any right-of-way or
easement issued under subsection (a) such terms and conditions as may be
necessary to ensure that transportation of oil and gas does not result in a
significant adverse effect on the fish and wildlife, subsistence resources,
their habitat, and the environment of the Coastal Plain, including requirements
that facilities be sited or designed so as to avoid unnecessary duplication of
roads and pipelines.</text>
</subsection><subsection id="HD7368D6A67804A40BDCC3CCA24176089"><enum>(c)</enum><header>Regulations</header><text>The
Secretary shall include in regulations under section 323(g) provisions granting
rights-of-way and easements described in subsection (a) of this section.</text>
</subsection></section><section id="H631747CCA6D54DF38FA752B2AFFF534"><enum>331.</enum><header>Conveyance</header><text display-inline="no-display-inline">In order to maximize Federal revenues by
removing clouds on title to lands and clarifying land ownership patterns within
the Coastal Plain, the Secretary, notwithstanding the provisions of section
1302(h)(2) of the Alaska National Interest Lands Conservation Act (16 U.S.C.
3192(h)(2)), shall convey—</text>
<paragraph id="HFB52EF90F0B54283A32D6723BD007660"><enum>(1)</enum><text>to the Kaktovik
Inupiat Corporation the surface estate of the lands described in paragraph 1 of
Public Land Order 6959, to the extent necessary to fulfill the Corporation’s
entitlement under sections 12 and 14 of the Alaska Native Claims Settlement Act
(43 U.S.C. 1611 and 1613) in accordance with the terms and conditions of the
Agreement between the Department of the Interior, the United States Fish and
Wildlife Service, the Bureau of Land Management, and the Kaktovik Inupiat
Corporation effective January 22, 1993; and</text>
</paragraph><paragraph id="H4756C515E3C44F88A1035B7939CB11C9"><enum>(2)</enum><text>to the Arctic
Slope Regional Corporation the remaining subsurface estate to which it is
entitled pursuant to the August 9, 1983, agreement between the Arctic Slope
Regional Corporation and the United States of America.</text>
</paragraph></section><section id="H115D845633BE4C86B51E747990C49C58"><enum>332.</enum><header>Local
government impact aid and community service assistance</header>
<subsection id="HCE0301ED83EF470300F84FCB08450024"><enum>(a)</enum><header>Financial
assistance authorized</header>
<paragraph id="H1BD29F6D31FC465A8E706180BBC2BAA"><enum>(1)</enum><header>In
general</header><text>The Secretary may use amounts available from the Coastal
Plain Local Government Impact Aid Assistance Fund established by subsection (d)
to provide timely financial assistance to entities that are eligible under
paragraph (2) and that are directly impacted by the exploration for or
production of oil and gas on the Coastal Plain under this subtitle.</text>
</paragraph><paragraph id="H84122DF76DD9417B845667234072FB35"><enum>(2)</enum><header>Eligible
entities</header><text>The North Slope Borough, the City of Kaktovik, and any
other borough, municipal subdivision, village, or other community in the State
of Alaska that is directly impacted by exploration for, or the production of,
oil or gas on the Coastal Plain under this Act, as determined by the Secretary,
shall be eligible for financial assistance under this section.</text>
</paragraph></subsection><subsection id="HC53D0FDC289A44AA8247103C1EC9338"><enum>(b)</enum><header>Use of
assistance</header><text>Financial assistance under this section may be used
only for—</text>
<paragraph id="H8483A5CD42A24F280014D569DA9BE695"><enum>(1)</enum><text>planning for
mitigation of the potential effects of oil and gas exploration and development
on environmental, social, cultural, recreational, and subsistence
values;</text>
</paragraph><paragraph id="HB9C5BE584A254920B06B496D6C8B7900"><enum>(2)</enum><text>implementing
mitigation plans and maintaining mitigation projects;</text>
</paragraph><paragraph id="H27D60003CAFD4D6BBCAD225E7C67FF80"><enum>(3)</enum><text>developing,
carrying out, and maintaining projects and programs that provide new or
expanded public facilities and services to address needs and problems
associated with such effects, including fire-fighting, police, water, waste
treatment, medivac, and medical services; and</text>
</paragraph><paragraph id="HE53799A0A8164673867F966B921F30D4"><enum>(4)</enum><text>establishment of a
coordination office, by the north slope borough, in the City of Kaktovik, which
shall—</text>
<subparagraph id="H64B2E6B81B7640809D004812008F773E"><enum>(A)</enum><text>coordinate with
and advise developers on local conditions, impact, and history of the areas
utilized for development; and</text>
</subparagraph><subparagraph id="H78E9DD99CC8B42CEB7311C4308F398F"><enum>(B)</enum><text>provide to the
Committee on Resources of the House of Representatives and the Committee on
Energy and Natural Resources of the Senate an annual report on the status of
coordination between developers and the communities affected by
development.</text>
</subparagraph></paragraph></subsection><subsection id="H975B7E94F69341BAA5E16D9CF28F975C"><enum>(c)</enum><header>Application</header>
<paragraph id="H990D4A1CAFB74856BBB4036FEA42B085"><enum>(1)</enum><header>In
general</header><text>Any community that is eligible for assistance under this
section may submit an application for such assistance to the Secretary, in such
form and under such procedures as the Secretary may prescribe by
regulation.</text>
</paragraph><paragraph id="H8A6EB8BF615D4CF696BB9BC0D09DC133"><enum>(2)</enum><header>North Slope
Borough communities</header><text>A community located in the North Slope
Borough may apply for assistance under this section either directly to the
Secretary or through the North Slope Borough</text>
</paragraph><paragraph id="HB9635EC5E70143FCB500031D98456EF5"><enum>(3)</enum><header>Application
assistance</header><text>The Secretary shall work closely with and assist the
North Slope Borough and other communities eligible for assistance under this
section in developing and submitting applications for assistance under this
section.</text>
</paragraph></subsection><subsection id="H60913D720B6D473A003699EE1CED8DE4"><enum>(d)</enum><header>Establishment of
fund</header>
<paragraph id="HE054E1CC3B084F0AA35484B3F44191B5"><enum>(1)</enum><header>In
general</header><text>There is established in the Treasury the Coastal Plain
Local Government Impact Aid Assistance Fund.</text>
</paragraph><paragraph id="HF665F32FF6594162B0B16D32ADB21E63"><enum>(2)</enum><header>Use</header><text>Amounts
in the fund may be used only for providing financial assistance under this
section.</text>
</paragraph><paragraph id="H773D11805E7E4157AB38004F078DB94E"><enum>(3)</enum><header>Deposits</header><text>Subject
to paragraph (4), there shall be deposited into the fund amounts received by
the United States as revenues derived from rents, bonuses, and royalties from
Federal leases and lease sales authorized under this subtitle.</text>
</paragraph><paragraph id="H8254BCA9B57C45E790E005605BBAB606"><enum>(4)</enum><header>Limitation on
deposits</header><text>The total amount in the fund may not exceed
$11,000,000.</text>
</paragraph><paragraph id="HB547649DE8AD490FA61FC4DDBD5F38B7"><enum>(5)</enum><header>Investment of
balances</header><text>The Secretary of the Treasury shall invest amounts in
the fund in interest bearing government securities.</text>
</paragraph></subsection><subsection id="HCBDDBD82437549B4AF4700B071C57B0"><enum>(e)</enum><header>Authorization of
appropriations</header><text>To provide financial assistance under this section
there is authorized to be appropriated to the Secretary from the Coastal Plain
Local Government Impact Aid Assistance Fund $5,000,000 for each fiscal
year.</text>
</subsection></section></subtitle><enum>IV</enum><header>Effective
date</header>
<section id="H3D650FA4A5DA4E12008171B1B29339E3"><enum>401.</enum><header>Effective
date</header><text display-inline="no-display-inline">Titles I through IV of
this Act and the amendments made by this Act shall take effect on the first day
after the date of the enactment of this Act on which the spot price for West
Texas Intermediate (WTI-Cushing) crude oil is equal to or greater than $150 per
barrel, as determined by the Energy Information Administration, Department of
Energy.</text>
</section>