II 110th CONGRESS 2d Session S. 3056 IN THE SENATE OF THE UNITED STATES May 22, 2008 Mr. Bayh (for himself, Mr. Lieberman, Mr. Brownback, Mr. Salazar, Mrs. Clinton, Mr. Coleman, Mr. Tester, Mr. Lugar, Mr. Durbin, and Ms. Collins) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To reduce the dependence of the United States on foreign oil, and for other purposes.

1.

Short title

This Act may be cited as the Oil Savings Act of 2008.

2.

Findings

Congress finds that— (1)the United States imports more oil from the Middle East today than before the attacks on the United States on September 11, 2001; (2)the United States remains the most oil-dependent industrialized nation in the world, consuming approximately 25 percent of the oil supply of the world; (3)the ongoing dependence of the United States on foreign oil is one of the greatest threats to the national security and economy of the United States; and (4)the United States needs to take transformative steps to wean itself from its addiction to oil.

3.

Policy on reducing oil dependence

It is the policy of the United States to reduce the dependence of the United States on oil, and thereby— (1)alleviate the strategic dependence of the United States on oil-producing countries; (2)reduce the economic vulnerability of the United States; and (3)reduce the greenhouse gas emissions associated with oil use.

4.

Oil savings plan

(a)

Initial oil savings target and action plan

Not later than 270 days after the date of enactment of this Act, an interagency task force composed of the Secretary of Energy, the Secretary of Transportation, the Secretary of Defense, the Secretary of Agriculture, the Secretary of the Treasury, the Administrator of the Environmental Protection Agency, and the head of any other agency the President determines appropriate (referred to in this section as the Interagency Task Force) shall publish in the Federal Register an action plan consisting of— (1)a draft list of proposals for agency action that will be sufficient, when taken together, to save from the baseline determined under subsection (d)— (A)2,500,000 barrels of oil per day on average during calendar year 2016; (B)7,000,000 barrels of oil per day on average during calendar year 2026; and (C)10,000,000 barrels per day on average during calendar year 2030; and (2)a Federal Government-wide analysis demonstrating— (A)the expected oil savings from the baseline to be accomplished by— (i)chapter 329 of title 49, United States Code (including regulations promulgated to carry out that chapter); and (ii)section 211(o) of the Clean Air Act (42 U.S.C. 7545(o)) (including regulations promulgated to carry out section 211(o) of that Act); and (B)that the proposals described in paragraph (1), taken together with expected oil savings described in subparagraph (A), will achieve the oil savings specified in this subsection. (b)

Review and update of action plan

(1)

Review

Not later than January 1, 2011, and every 3 years thereafter, the Interagency Task Force shall submit to Congress, and publish, a report that— (A)evaluates the progress achieved in implementing the oil savings targets established under subsection (a); (B)analyzes the expected oil savings under the action plan established under that subsection; and (C)(i)analyzes the potential to achieve oil savings that are in addition to the oil savings goals under that subsection; and (ii)if the President determines that it is in the national interest, requires an analysis under that subsection for a higher oil savings goal for calendar year 2017 or any subsequent calendar year. (2)

Insufficient oil savings

If the oil savings are less than the targets described in subsection (a), simultaneously with the report required under paragraph (1), the Interagency Task Force shall publish a revised action plan that is sufficient to achieve the targets. (c)

Public comment and final proposals

(1)

In general

After a 30-day period for public comment on the publications under subsection (a) and (b), the Interagency Task Force shall, not later than 1 year after the date of enactment of this Act, issue a final list of proposals to meet the requirements of this section. (2)

Additional legislative authority

The proposals shall include a request to Congress for any additional legislative authority necessary to implement the proposals. (d)

Baseline and analysis requirements

In performing the analyses required for the action plan to achieve the oil savings described in subsection (a), the Secretary of Energy, the Secretary of Transportation, the Secretary of Defense, the Secretary of Agriculture, the Administrator of the Environmental Protection Agency, and the head of any other agency the President determines to be appropriate shall— (1)determine oil savings as the projected reduction in oil consumption from the baseline established by the reference case contained in the report of the Energy Information Administration entitled Annual Energy Outlook 2008; (2)determine the oil savings projections required on an annual basis for each of calendar years 2009 through 2030; and (3)account for any overlap among implementation actions to ensure that the projected oil savings from all the implementation actions, taken together, are as accurate as practicable. (e)

Relationship to other laws

Nothing in this section affects the authority provided or responsibility delegated under any other law.