I 111th CONGRESS 1st Session H. R. 2326 IN THE HOUSE OF REPRESENTATIVES May 7, 2009 Mr. Engel (for himself and Mr. Bartlett) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To promote the national security and stability of the United States economy by reducing 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 2009.

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 world's oil despite having only 2–3 percent of the world's oil reserves; (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.

Establishing an interagency working group

Not later than 30 days after the date of the enactment of this Act, a Commissioner of the Federal Trade Commission, appointed by the Chairperson of the Federal Trade Commission, shall establish, and serve as the Director of, an interagency working group (in this Act referred to as the Working Group) consisting of the Secretary of Energy, the Chairman of the Federal Energy Regulatory Commission, and department heads from other appropriate Federal entities determined by the Director.

4.

Action plan

(a)

In general

Not later than 270 days after the date of the enactment of this Act, the Working Group shall publish in the Federal Register an action plan. (b)

Requirements

The action plan shall include— (1)intermediate oil savings targets for each calendar year beginning on the calendar year after the date of the enactment of this Act; (2)a list of requirements, including the oil savings to be achieved by each requirement, that will be sufficient, when taken together, to save from the baseline determined under section 7— (A)2,500,000 barrels of oil per day on average during calendar year 2015; (B)7,000,000 barrels of oil per day on average during calendar year 2025; and (C)10,000,000 barrels of oil per day on average during calendar year 2030; (3)a supply disruption strategy for Federal departments and agencies to develop contingency plans in the event of a supply disruption resulting in a precipitous and short-term annualized decline of 4 percent of world oil production from the prior year's baseline, and to provide timely advice to Congress about cost-effective measures to mitigate the potential negative consequences of such a supply disruption; and (4)a peak oil strategy for Federal departments and agencies to develop contingency plans in the event of a peak and subsequent annualized decline of 4 percent of world oil production from the prior year's baseline, and to provide timely advice to Congress about cost-effective measures to mitigate the potential negative consequences of such a peak. (c)

Proposed regulations

Not later than 270 days after the date of the enactment of this Act, each Federal entity with jurisdiction to take action under any requirement of the action plan shall propose, or issue a notice of intent to propose, regulations meeting such requirement. (d)

Notice of intent To propose regulations

If a Federal entity issues a notice of intent to propose regulations under this section, the entity shall propose such regulations not later than 330 days after the date of the enactment of this Act. (e)

Final regulations

Not later than 18 months after the date of the enactment of this Act, each Federal entity with jurisdiction to take action under any requirement of the action plan shall promulgate final versions of the regulations required under this section. (f)

Accompanying Analysis

Each proposed and final regulation promulgated under this section shall be accompanied by an analysis from the applicable Federal entity demonstrating that the regulation will achieve the oil savings required by the action plan.

5.

Report requirement

Not later than January 1, 2012, and every 3 years thereafter, the Working Group shall transmit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Energy and Natural Resources of the Senate a report that evaluates the progress achieved in implementing the oil savings requirements established under section 4.

6.

Revised action plan

(a)

In general

If intermediate oil savings targets set by the action plan are not met, not later than 60 days after submission of a report required under section 5, the Working Group may publish a revised action plan that is sufficient to achieve the requirements established under section 4. (b)

Proposed regulations

Not later than 60 days after submission of the report required under section 5, each Federal entity with jurisdiction to take action under any requirement of the revised action plan shall propose, or issue a notice of intent to propose, regulations meeting such requirement. (c)

Notice of intent To propose regulations

If a Federal entity issues a notice of intent to propose regulations under this section, the entity shall propose such regulations not later than 120 days after submission of the report required under section 5. (d)

Final regulations

Not later than 6 months after publication of the report required under section 5, each Federal entity with jurisdiction to take action under any requirement of the revised action plan shall promulgate final versions of the regulations required under this section. (e)

Accompanying Analysis

Each proposed and final regulation promulgated under this section shall be accompanied by an analysis from the applicable Federal entity demonstrating that the regulation will achieve the oil savings required by the revised action plan.

7.

Determination of a baseline

(a)

In general

Not later than 120 days after the date of the enactment of this Act, the Working Group established under section 3 shall determine the baseline level of United States consumption of barrels of oil per day on average. (b)

Energy Information Administration

In determining the baseline level of United States oil consumption, the Working Group shall utilize the expertise and resources of the Energy Information Administration, particularly in validating statistical data that may be relevant, and shall consider the Energy Information Administration’s Annual Energy Outlook 2008 and Annual Energy Outlook 2009 Early Release. (c)

Information From Federal Entities

Each executive department, bureau, commission, agency, board, office, independent establishment, or instrumentality of the Federal Government shall make available to the Working Group upon request any data, information, estimates, statistics, and access to any employee necessary for the determination of the baseline under this section.