S.1503 - Gas Petroleum Refiner Improvement and Community Empowerment Act

A bill to improve domestic fuels security. view all titles (3)

All Bill Titles

  • Short: Gas Petroleum Refiner Improvement and Community Empowerment Act as introduced.
  • Official: A bill to improve domestic fuels security. as introduced.
  • Short: Gas PRICE Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
05/24/07
 
 
 
 
 
 
 

Official Summary

Gas Petroleum Refiner Improvement and Community Empowerment Act or the Gas PRICE Act - Directs the Administrator of the Environmental Protection Agency to enter into a domestic fuels facility permitting agreement with a requesting state or Indian tribe under which the process for obtaining

Official Summary

Gas Petroleum Refiner Improvement and Community Empowerment Act or the Gas PRICE Act - Directs the Administrator of the Environmental Protection Agency to enter into a domestic fuels facility permitting agreement with a requesting state or Indian tribe under which the process for obtaining all permits necessary for construction and operation of a domestic fuels facility shall use a prescribed interdisciplinary multimedia approach.Requires the Administrator to:
(1) conduct a research and demonstration program to evaluate the air quality benefits of ultra-clean Fischer-Tropsch transportation fuel, including diesel and jet fuel;
(2) evaluate the use of such fuel for reducing engine exhaust emissions; and
(3) submit recommendations and reports to Congress. Directs the Secretary of Energy and the Economic Development Administration to give priority to projects supportting commercial-scale cellulosic biomass ethanol projects and coal-to-liquids facilities. Directs the Secretary to make an additional award in connection with a grant made to a recipient (including any Indian tribe for use on Indian land) for a project to support a commercial-scale biomass ethanol facility or coal-to-liquid facility.Directs the Securities and Exchange Commission (SEC) to appoint a task force to report to Congress on:
(1) modernization of the hydrocarbon reserves disclosures classification system of the SEC to reflect advances in reserves recovery from nontraditional sources; and
(2) creation of a renewable reserves classification system for cellulosic biofuels feedstocks.

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