[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3343 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3343

 To direct the Secretary of the Interior to establish an annual fee on 
 Federal offshore areas that are subject to a lease for production of 
oil or natural gas and to establish a fund to reduce pollution and the 
                dependence of the United States on oil.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 11, 2010

Mr. Lautenberg introduced the following bill; which was read twice and 
       referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
 To direct the Secretary of the Interior to establish an annual fee on 
 Federal offshore areas that are subject to a lease for production of 
oil or natural gas and to establish a fund to reduce pollution and the 
                dependence of the United States on oil.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Beyond Petroleum Act''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Fund.--The term ``Fund'' means the Oil Dependence 
        Reduction Fund established by section 4(a).
            (2) Secretary.--The term ``Secretary'' means the Secretary 
        of the Interior.

SEC. 3. OIL DEPENDENCE REDUCTION FEE.

    (a) Oil Dependence Reduction Fee.--
            (1) In general.--Not later than 60 days after the date of 
        enactment of this Act, the Secretary shall establish by 
        regulation an annual fee for Federal offshore areas that are 
        subject to a lease for production of oil or natural gas as of 
        May 1, 2010.
            (2) Lease fee terms.--The amount of the fee established 
        under paragraph (1) shall be equal to $10 for each acre that is 
        subject to a lease described in that paragraph.
            (3) Assessment and collection.--The Secretary shall assess 
        and collect the fee established under paragraph (1).
            (4) Deposit.--Amounts received by the United States as a 
        fee under this section shall be deposited in the Fund.
    (b) Regulations.--The Secretary may issue regulations to prevent 
evasion of the fee established under subsection (a)(1).

SEC. 4. OIL DEPENDENCE REDUCTION FUND.

    (a) Establishment of Fund.--There is established in the Treasury of 
the United States a fund to be known as the ``Oil Dependence Reduction 
Fund'', to be jointly administered by the Administrator of the 
Environmental Protection Agency, the Secretary of Energy, and the 
Secretary of Transportation, to be available without fiscal year 
limitation and subject to appropriation to research, develop, deploy, 
or expand the use of renewable technologies or programs that--
            (1) significantly decrease the use of oil; and
            (2) significantly reduce greenhouse gas emissions.
    (b) Transfers to Fund.--
            (1) In general.--The Fund shall consist of such amounts as 
        are appropriated to the Fund under paragraph (2).
            (2) Fees.--There are appropriated to the Fund, out of funds 
        of the Treasury not otherwise appropriated, amounts equivalent 
        to amounts collected as fees and received in the Treasury under 
        section 3.
    (c) Prohibition.--Amounts in the Fund may not be made available for 
any purpose other than a purpose described in subsection (a).
    (d) Annual Reports.--
            (1) In general.--Not later than 60 days after the end of 
        each fiscal year beginning with fiscal year 2010, the 
        Administrator of the Environmental Protection Agency, the 
        Secretary of Energy, and the Secretary of Transportation shall 
        jointly submit to the Committee on Appropriations of the House 
        of Representatives, the Committee on Appropriations of the 
        Senate, the Committee on Environment and Public Works of the 
        Senate, the Committee on Transportation and Infrastructure of 
        the House of Representatives, the Committee on Energy and 
        Natural Resources of the Senate, and the Committee on Resources 
        of the House of Representatives a report on the operation of 
        the Fund during the fiscal year.
            (2) Contents.--Each report shall include, for the fiscal 
        year covered by the report, the following:
                    (A) A statement of the amounts deposited into the 
                Fund.
                    (B) A description of the expenditures made from the 
                Fund for the fiscal year, including the purpose of the 
                expenditures.
                    (C) Recommendations for additional authorities to 
                fulfill the purpose of the Fund.
                    (D) A statement of the balance remaining in the 
                Fund at the end of the fiscal year.
    (e) Separate Appropriations Account.--Section 1105(a) of title 31, 
United States Code, is amended--
            (1) by redesignating paragraphs (35) and (36) as paragraphs 
        (36) and (37), respectively;
            (2) by redesignating the second paragraph (33) (relating to 
        obligational authority and outlays requested for homeland 
        security) as paragraph (35); and
            (3) by adding at the end the following:
            ``(38) a separate statement for the Oil Dependence 
        Reduction Fund established under section 4(a) of the Beyond 
        Petroleum Act, which shall include the estimated amount of 
        deposits into the Fund, obligations, and outlays from the 
        Fund.''.
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