To improve the energy security of the United States and reduce United States dependence on foreign oil imports by 40 percent by 2025.

SA 784. Ms. CANTWELL (for herself, Mrs. Feinstein, Mr. Reid, and Mr.
Durbin) proposed an amendment to the bill H.R. 6, Reserved; as follows:

Beginning on page 120, strike line 23 and all that follows
through page 122, line 14, and insert the following:

[[Page S6665]]

SEC. 151. REDUCTION OF DEPENDENCE ON IMPORTED PETROLEUM.

(a) Findings.--Congress finds that--
(1) based on the reports of the Energy Information
Administration entitled ``Annual Energy Outlook 2005'' and
``May 2005 Monthly Energy Review''--
(A) during the period beginning January 1, 2005, and ending
April 30, 2005, the United States imported an estimated
average of 13,056,000 barrels of oil per day; and
(B) the United States is projected to import 19,110,000
barrels of oil per day in 2025;
(2) technology solutions already exist to dramatically
increase the productivity of the United States energy supply;
(3) energy efficiency and conservation measures can improve
the economic competitiveness of the United States and lessen
energy costs for families in the United States;
(4) United States dependence on foreign energy imports
leaves the United States vulnerable to energy supply shocks
and reliant on the willingness of other countries to provide
sufficient supplies of oil;
(5) while only 3 percent of proven oil reserves are located
in territory controlled by the United States, advances in
fossil fuel extraction techniques and technologies could
increase United States energy supplies; and
(6) reducing energy consumption also benefits the United
States by lowering the environmental impacts associated with
fossil fuel use.
(b) Goal.--It is a goal of the United States to reduce by
40 percent the amount of foreign oil projected to be imported
during calendar year 2025 in the reference case contained in
the report of the Energy Information Administration entitled
``Annual Energy Outlook 2005''.
(c) Measures To Reduce Import Dependence.--
(1) In general.--Not later than 1 year after the date of
enactment of this Act, and every two years thereafter, the
President shall--
(A) develop and implement measures to reduce dependence on
foreign petroleum imports of the United States by reducing
petroleum in end-uses throughout the economy of the United
States sufficient to reduce total demand for petroleum in the
United States by 1,000,000 barrels per day from the amount
projected for calendar year 2015; and
(B)(i) subject to clause (ii), develop and implement
measures to reduce dependence on foreign petroleum imports of
the United States by reducing petroleum in end-uses
throughout the economy of the United States sufficient to
reduce total demand for petroleum in the United States by
7,640,000 barrels per day from the amount projected for
calendar year 2025.
(ii) If the President determines that there are
insufficient legal authorities to achieve the target for
calendar year 2025 in clause (i), the President shall develop
and implement measures that will reduce dependence on foreign
petroleum imports of the United States by reducing petroleum
in end-uses throughout the economy of the United States to
the maximum extent practicable and shall submit to Congress
proposed legislation or other recommendations to achieve the
target.
(2) Requirements.--In developing measures under paragraph
(1), the President shall--
(A) ensure continued reliable and affordable energy for the
United States, consistent with the creation of jobs and
economic growth and maintaining the international
competitiveness of United States businesses, including the
manufacturing sector; and
(B) implement measures under paragraph (1) under existing
authorities of the appropriate Federal agencies, as
determined by the President.
(3) Projections.--The projections for total demand for
petroleum in the United States under paragraph (1) shall be
those contained in the Reference Case in the report of the
Energy Information Administration entitled ``Annual Energy
Outlook 2005''.
(d) Report.--
(1) In general.--Not later than 1 year after the date of
enactment of this Act, and annually thereafter, the President
shall submit to Congress a report, based on the most recent
edition of the Annual Energy Outlook published by the Energy
Information Administration, assessing the progress made by
the United States toward the goal of reducing dependence on
imported petroleum sources by 2025.
(2) Contents.--The report under paragraph (1) shall--
(A) identify the status of efforts to meet the goal
described in subsection (b);
(B) assess the effectiveness of any measure implemented
under subsection (c) during the previous fiscal year in
meeting the goal described in subsection (b); and
(C) describe plans to develop additional measures to meet
the goal.
______