Latest Action: 07/07/2008 - Committee on Finance. Original measure reported to Senate by Senator Baucus. With written report No. 110-408. Additional views filed.

Bill Text
An original bill to impose sanctions on Iran and for other purposes. 7/7/2008--Reported to Senate without amendment.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Iran Sanctions Act of 2008 - (Sec. 3) Expresses the sense of Congress concerning a variety of existing and proposed sanctions against Iran. (Sec. 4) States that nothing in this Act shall be construed as authorizing the President to use military force against Iran. (Sec. 5) Defines specified terms. (Sec. 6) Amends the Iran Sanctions Act of 1996 to expand the definition of "person" to include: (1) a financial institution, insurer, underwriter, guarantor, or any other business organization, including any foreign subsidiary, parent, or affiliate of one of the foregoing; and (2) an export credit agency that is a governmental entity operating [...]

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Latest Action: 02/01/2008 - Referred to the Subcommittee on Energy and Mineral Resources.

Bill Text
To reauthorize and amend the National Geologic Mapping Act of 1992. 1/29/2008--Introduced. National Geologic Mapping Reauthorization Act of 2008 - Amends the National Geologic Mapping Act of 1992 to extend deadlines for development of a five-year strategic plan for the geologic mapping program and for appointment of the advisory committee. Removes from program objectives the development of a geophysical- and geochemical- map database. Directs that mapping priorities be based in part on the needs of the Department of the Interior land management agencies.Modifies the composition of the advisory committee and increases the number of members on such committee. Requires the advisory committee, at the request of the President, the President's designee, the Committee on Natural Resources of the House of Representatives, or the Committee on Energy and Natural Resources of the Senate, to provide an overview report on the quality, utility, and appropriateness of geologic [...]

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Latest Action: 09/19/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Bill Text
Moving the United States toward greater energy independence and security, developing innovative new technologies, reducing carbon emissions, creating green jobs, protecting consumers, increasing clean renewable energy production, and modernizing our energy infrastructure. 7/30/2007--Introduced. New Direction for Energy Independence, National Security, and Consumer Protection Act - Incorporates various legislative initiatives for energy conservation, independence, and security.Green Jobs Act of 2007 - Amends the Workforce Investment Act of 1998 to direct the Secretary of Labor to: (1) establish an energy efficiency and renewable energy worker training program; (2) collect and analyze labor market data to track workforce trends resulting from energy-related initiatives under this Act; and (3) award National Energy Training Partnerships Grants to community based nonprofit organizations to carry out training programs that lead to economic self-sufficiency and develop an [...]

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Latest Action: 08/04/2007 - Rule provides for consideration of H.R. 3221 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by paragraph. Bill is op

Bill Text
To amend the Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation. 8/4/2007--Passed House amended.    (There are 2 other summaries) Renewable Energy and Energy Conservation Tax Act of 2007 - Amends Internal Revenue Code provisions relating to renewable energy sources and energy conservation. Title I: Production Incentives - (Sec. 101) Extends through 2012 the tax credit for the production of electricity from renewable resources (e.g., wind, closed and open-loop biomass, geothermal energy, small irrigation power, municipal solid waste, and qualified hydropower). Imposes a limit on such tax credit based upon investment in renewable resource facilities placed in service after 2008 in lieu of the current phaseout provisions for such credit.(Sec. 102) Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of the tax credit for producing electricity [...]

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Latest Action: 06/06/2007 - Sponsor introductory remarks on measure. (CR S7181-7184)

Bill Text
A bill to comprehensively address challenges relating to energy independence, air pollution, and climate change facing the United States. 6/6/2007--Introduced. Energy Independence, Clean Air, and Climate Security Act of 2007 - Fuel Economy Improvement Act - Revises corporate average fuel economy standards (CAFE Standards) provisions for automobiles and light trucks, including requiring the Secretary of Transportation to prescribe graduated increased average fuel economy standards for passenger automobiles and light trucks beginning in model year 2010 in order to achieve a combined average fuel economy standard of at least 35 miles per gallon beginning in model year 2019, and of at least 45 miles per gallon beginning in model year 2030 (or such other number of miles per gallon as the Secretary may prescribe). Prohibits such regulations from making any distinction between passenger automobiles and light trucks by not later than model year 2013 (effectively eliminating the SUV [...]

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Latest Action: 04/26/2007 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to repeal certain provisions of the Energy Policy Act of 2005, close tax loopholes, impose windfall profits tax on major integrated oil companies, provide a reserve fund for biofuels research and infrastructure, and payments for low-income households. 4/26/2007--Introduced. Energy Security and Corporate Accountability Act of 2007 - Requires major integrated oil companies to revalue their LIFO inventories of crude oil, natural gas, or other petroleum products according to a specified formula. Amends the Internal Revenue Code to: (1) set forth a special rule for the application of the foreign tax credit to major integrated oil companies which are dual capacity taxpayers; (2) provide for extended amortization (seven years instead of five) of geological and geophysical expenditures for major integrated oil companies; and (3) impose a windfall profits tax on major integrated oil companies.Repeals provisions of the Energy Policy Act or 2005 suspending royalties [...]

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Latest Action: 05/08/2007 - Referred to the Subcommittee on Energy and Environment.

Bill Text
To improve the energy efficiency of the United States. 4/19/2007--Introduced. Energy For Our Future Act - Amends the Internal Revenue Code to: (1) repeal the limitation on the number of new qualified hybrid and advanced lean-burn technology vehicles eligible for the credit; (2) provide tax credits for manufacturers of fuel efficient motor vehicles; and (3) subject sports utility vehicles (SUVs) to the limitation on the depreciation of certain luxury automobiles. Sets forth a grant program for development of transit-oriented development corridors in urban areas.Amends federal transportation law to: (1) revise phased increases in automobile fuel economy standards; (2) set forth a national passenger car and light truck tire efficiency program; and (3) prescribe heavy duty vehicle fuel economy requirements.Amends the Energy Conservation and Production Act to double the appropriations authorized for weatherization assistance.Authorizes appropriations [...]

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Latest Action: 08/03/2007 - Reported (Amended) by the Committee on Science and Technology. H. Rept. 110-301.

Bill Text
To amend the Energy Policy Act of 2005 to reauthorize and improve the carbon capture and storage research, development, and demonstration program of the Department of Energy, and for other purposes. 8/3/2007--Reported to House amended.    (There is 1 other summary) Department of Energy Carbon Capture and Storage Research, Development, and Demonstration Act of 2007 - (Sec. 2) Amends the Energy Policy Act of 2005 to revise requirements for the ten-year carbon capture storage research and development program. Makes it a carbon capture and storage research, development, and demonstration program. Replaces the objective of developing carbon dioxide capture technologies on combustion-based systems with an objective of developing carbon dioxide capture and storage technologies related to electric power generating systems. Adds the objective of expediting and carrying out large-scale testing of carbon sequestration systems in a range of geological [...]

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Latest Action: 04/16/2007 - Committee on Energy and Natural Resources. Date of scheduled hearing. SD-366. 2:30 p.m.

Bill Text
A bill to amend the Energy Policy Act of 2005 to reauthorize and improve the carbon capture and storage research, development, and demonstration program of the Department of Energy and for other purposes. 3/22/2007--Introduced. Department of Energy Carbon Capture and Storage Research, Development, and Demonstration Act of 2007 - Amends the Energy Policy Act of 2005 to direct the Secretary of Energy to: (1) carry out fundamental science and engineering research to develop and document new approaches to capture and store carbon dioxide; (2) ensure that fundamental research is appropriately applied to energy technology development activities and the field testing of carbon sequestration activities; (3) promote regional carbon sequestration partnerships to conduct geologic sequestration tests involving carbon dioxide in a variety of geological settings; and (4) conduct at least seven initial large-volume sequestration tests for geological containment of carbon dioxide. Directs [...]

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Latest Action: 04/08/2008 - Committee on Finance. Hearings held.

Bill Text
A bill to impose sanctions on Iran and on other countries for assisting Iran in developing a nuclear program, and for other purposes. 3/22/2007--Introduced. Iran Counter-Proliferation Act of 2007 - Amends the Iran Sanctions Act of 1996 to expand the definitions of "petroleum resources" and "person." Expresses the sense of Congress concerning certain sanctions against Iran. Subjects Russia to specified nuclear energy cooperation prohibitions unless the President certifies to Congress that: (1) Russia has suspended all nuclear assistance and transfers of advanced conventional weapons and missiles to Iran; or (2) Iran has verifiably dismantled all nuclear enrichment-related and reprocessing-related programs. Subjects Iran to specified economic sanctions unless the President certifies to Congress that Iran has verifiably dismantled all nuclear enrichment-related and reprocessing-related programs.Subjects, with respect to prohibited transactions [...]

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Latest Action: 09/26/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To enhance United States diplomatic efforts with respect to Iran by imposing additional economic sanctions against Iran, and for other purposes. 9/25/2007--Passed House amended.    (There are 2 other summaries) Iran Counter-Proliferation Act of 2007 - Title I: Support for Diplomatic Efforts Relating to Preventing Iran from Acquiring Nuclear Weapons - (Sec. 101) Expresses the sense of Congress that: (1) the United States should use diplomatic and economic means to resolve the Iranian nuclear problem; (2) the United States should continue to support efforts in the International Atomic Energy Agency (IAEA) and the U.N. Security Council to end Iran's uranium enrichment and nuclear weapons programs; (3) Security Council Resolution 1737 was a useful first step toward pressing Iran to end its nuclear weapons program; and (4) in light of Iran's continued defiance of the international community the Security Council should adopt additional measures against [...]

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Latest Action: 02/28/2007 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to amend the Internal Revenue Code of 1986 to impose a temporary oil profit fee and to use the proceeds of the fee collected to provide a Strategic Energy Fund and expand certain energy tax incentives, and for other purposes. 2/28/2007--Introduced. Strategic Energy Fund Act of 2007 - Amends the Internal Revenue Code to establish in the Treasury the Strategic Energy Fund to finance the energy conservation and research initiatives set forth by this Act. Increases the tax credits for: (1) investment in alternative fuel vehicle refueling property; (2) small ethanol producers of sucrose or cellulosic ethanol; and (3) investment in advanced coal projects.Extends tax credits for: (1) alcohol used as fuel through 2012; (2) electricity produced from certain renewable resources through 2013; and (3) solar energy property through 2014. Increases the number of hybrid and advanced lean burn technology vehicles eligible for the full amount of the tax credit for alternative [...]

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Latest Action: 03/01/2007 - Referred to the Subcommittee on Energy and Mineral Resources.

Bill Text
To provide for the energy independence of the United States. 2/16/2007--Introduced. Freedom through Renewable Energy Expansion (FREE) Act - Amends the Energy Policy Act of 2005 to repeal provisions regarding: (1) the next generation nuclear plant project; (2) standby support for certain nuclear plant delays; and (3) incentives for oil and gas production from federal lands. Amends the Internal Revenue Code (IRC) to repeal: (1) the credit for production from advanced nuclear power facilities; (2) the election to expense certain refineries; (3) treatment of natural gas distribution lines as 15-year property; (4) treatment of natural gas gathering lines as seven-year property; (5) the rule for determining the small refiner exception to the oil depletion deduction; and (6) the amortization of geological and geophysical expenditures. Amends the Outer Continental Shelf Lands Act and the Naval Petroleum Reserves Production Act of 1976 to repeal the suspension of: (1) [...]

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Latest Action: 02/16/2007 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to amend the Internal Revenue Code of 1986 to terminate certain incentives for oil and gas. 2/16/2007--Introduced. Oil Industry Tax Break Repeal Act of 2007 - Amends the Internal Revenue Code to: (1) increase the amortization period for the geological and geophysical expenditures of certain large integrated oil companies (defined as having an average daily worldwide crude oil production level of at least 500,000 barrels and more than $1 billion in gross receipts) from five to seven years; (2) limit the oil depletion allowance; (3) terminate accelerated depreciation of natural gas distribution lines and Alaska natural gas pipelines, expensing of equipment used in refining of liquid fuels, the tax deduction for intangible drilling and development costs, and the tax credits for enhanced oil recovery and for producing oil and gas from marginal wells; (4) classify natural gas gathering lines as 15-year property for depreciation purposes; and (5) deny large integrated oil [...]

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Latest Action: 01/22/2007 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to restore fairness in the provision of incentives for oil and gas production, and for other purposes. 1/22/2007--Introduced. Energy Fairness for America Act - Amends the Internal Revenue Code to terminate: (1) the tax deduction for oil and gas intangible drilling and development costs; (2) the percentage depletion allowance for oil and gas wells; and (3) the tax credit for enhanced oil recovery costs. Repeals provisions of the Energy Policy Act of 2005 relating to: (1) oil and gas royalties in-kind; (2) marginal property production incentives; (3) incentives for natural gas production in the Gulf of Mexico; (4) royalty suspension for deep water production; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) Alaska offshore royalty suspension; (7) accelerated depreciation of electric transmission property, natural gas distribution lines, and natural gas gathering lines and expensing of liquid fuel refinery property; (8) the exemption [...]

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