Energy Resource Development Act of 2008

A bill to provide for the development of certain traditional and alternative energy resources, and for other purposes.

6/12/2008--Introduced.
Energy Resource Development Act of 2008 - Revokes the Memorandum on Withdrawal of Certain Areas of the United States Outer Continental Shelf from Leasing Disposition. Amends the Outer Continental Shelf Lands Act to:
(1) authorize the governors of affected states to accept, provide a counterproposal to, or veto the Secretary of the Interior's (Secretary's) proposed lease sales or development and production plans of certain coastal areas;
(2) direct the Secretary to conduct an approved lease sale for a new producing area; and
(3) direct the Secretary of the Treasury to deposit revenues from the disposition of new producing areas in specified funds. Directs the Secretary to allocate revenues to new producing states and coastal political subdivisions for:
(1) coastal protection;
(2) mitigation of damage to fish, wildlife, or natural resources;
(3) marine, coastal, or comprehensive conservation management plans;
(4) mitigation of the impact of outer Continental Shelf activities through the funding of onshore projects; and
(5) planning assistance and administrative costs for complying with this Act.
Establishes in the Treasury the Energy Independence Trust Fund and provides for expenditures.
Requires the Secretary to:
(1) make loan guarantees for projects that provide for the construction of new renewable fuel pipelines; and
(2) issue a rule directing the Department of Energy Loan Guarantee Program Office to initiate a loan guarantee program for such projects. Directs the President to:
(1) promulgate regulations to ensure that covered fuel sold or introduced into U.S. commerce contains specified volumes of clean coal-derived fuel beginning in calendar year 2015; and
(2) implement a credit program to manage such requirement. Provides for a waiver to such requirement, exemptions for small refineries, and civil penalties for noncompliance.
Amends the Energy Policy Act of 2005 to revise provisions concerning loan guarantees for projects that employ innovative technologies. Designates the fund that consists of revenues from fees collected for such guarantees as the Incentives for Innovative Technologies Fund. Requires the Secretary of Energy to carry out a Nuclear Power 2010 Program to position the United States to commence construction of new nuclear power plants by no later than 2010. Requires the Program to be carried out through cost-sharing with the private sector. Authorizes appropriations.
Establishes an interagency working group to make recommendations on coordinating federal actions and programs to promote increasing domestic manufacturing capacity and the exportation of domestic nuclear energy products and services. Amends the Internal Revenue Code to establish a qualifying nuclear power manufacturing credit and a nuclear power facility construction credit.
Requires the Secretary of Labor to implement a program to provide workforce training to meet the demand for workers skilled in the nuclear utility and nuclear energy products and services industries.


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Sponsor

• Sen. Norm Coleman [R, MN]

Committees

• Senate Finance

Amendments

This bill has no amendments.

Amendments to S.3126

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
June 12, 2008

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All Bill Actions

• Jun 12, 2008: Read twice and referred to the Committee on Finance.
• Introduced on Jun 12, 2008.

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Related Issue Areas:

• Wildlife conservation
• Transportation
• Technology
• Technological innovations
• 34 more
• Taxation
• Tax credits
• Pipelines
• Petroleum in submerged lands
• Oil well drilling
• Oil and gas royalties
• Oil and gas leases
• Nuclear power plants
• Natural resources
• Marine resources conservation
• Marine resources
• Manufacturing industries
• Law
• Job training
• Income tax
• Government trust funds
• Gas in submerged lands
• Fines (Penalties)
• Finance
• Federally-guaranteed loans
• Executive departments
• Environmental protection
• Environmental degradation
• Employee training
• Department of the Treasury
• Continental shelf
• Construction costs
• Coastal zone
• Coal
• Business
• Budgets
• Alternative energy sources
• Administrative procedure
• Energy

Data from the Congressional Research Service

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Blog Coverage

August 20, 2008 The American Energy Act - I Took Action And Got A “Response”

I agree it is critical for domestic development of energy, which is why I recently introduced a bill, the Energy Resource Development Act of 2008 (S. 3126) - to expand our domestic energy production. ...

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June 30, 2008 Nuclear Energy

S. 3126 will utilize our 250 year supply of coal by creating a new standard for the production of fuel from clean coal, often called coal-to-liquid technology, . Forum: Health & Science Posted By: macnietspingal Post Time: 06-28-2008 at ...

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Source: Nuclear Energy

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June 28, 2008 Reply from Senator Norm Coleman regarding energy

My proposal would also invest in coal-to-liquid fuel and nuclear energy. S. 3126 will utilize our 250 year supply of coal by creating a new standard for the production of fuel<...

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Source: Coal fuel

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