To establish a deficit-neutral reserve fund to improve energy efficiency and production.

SA 4207. Mr. ALEXANDER (for himself and Mr. Domenici) proposed an
amendment to the concurrent resolution S. Con. Res. 70, setting forth
the congressional budget for the United States Government for fiscal
year 2009 and including the appropriate budgetary levels for fiscal
years 2008 and 2010 through 2013; as follows:

       At the end of title III, add the following:

     SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND TO IMPROVE ENERGY
                   EFFICIENCY AND PRODUCTION.

       (a) In General.--Subject to subsection (b), the Chairman of
     the Senate Committee on the Budget may revise the
     allocations, aggregates, and other levels in this resolution
     by the amounts provided by a bill, joint resolution,
     amendment, motion, or conference report that would
     encourage--
       (1) consumers to replace old conventional wood stoves with
     new clean wood, pellet, or

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     corn stoves certified by the Environmental Protection Agency;
       (2) consumers to install smart electricity meters in homes
     and businesses;
       (3) the capture and storage of carbon dioxide emissions
     from coal projects;
       (4) the development of oil and natural gas resources
     beneath the outer Continental Shelf; and
       (5) the development of oil shale resources on public land
     pursuant to section 369(d) of the Energy Policy Act of 2005
     (42 U.S.C. 15927(d)), without regard to section 433 of the
     Department of the Interior, Environment, and Related Agencies
     Appropriations Act, 2008 (Public Law 110-161).
       (b) Deficit Neutrality.--Subsection (a) applies only if the
     legislation described in subsection (a) would not increase
     the deficit over the period of the total of fiscal years 2008
     through 2013 or the period of the total of fiscal years 2008
     through 2018.
                                 ______