S.Amdt. 5095

1. Adds SEC. __. PRODUCTION INCENTIVE FEES; ENERGY EFFICIENCY AND RENEWABLE ENERGY FUND at the end of the bill

   Adds a section

   In S. 3268 · Placed on Calendar Senate

   (b) Report.--If the Commission decides not to use the procedures described in subsection (a) in a specific instance, not later than 30 days after the date of the decision, the Commission shall submit to Congress a detailed report that describes in each instance the reasons for not using the procedures.

   Inserted: SEC. __. PRODUCTION INCENTIVE FEES; ENERGY EFFICIENCY AND RENEWABLE ENERGY FUND.

   Inserted: (a) Definitions.--In this section:

   Inserted: (1) Covered lease.--The term "covered lease" means a lease for the production of oil or natural gas under which production is not occurring.

   Inserted: (2) Fee.--The term "fee" means the production incentive fee established under subsection (b)(1).

   Inserted: (3) Fund.--The term "Fund" means the Energy Efficiency and Renewable Energy Fund established by subsection (c)(1).

   Inserted: (4) Secretary.--The term "Secretary" means the Secretary of the Interior.

   Inserted: (b) Production Incentive Fee.--

   Inserted: (1) In general.--Not later than 180 days after the date of enactment of this Act, the Secretary shall promulgate regulations to establish an annual production incentive fee with respect to Federal onshore and offshore land that is subject to a covered lease.

   Inserted: (2) Applicability.--The fee shall apply to land that is subject to any covered lease that is in effect on, or issued after, the date on which final regulations are promulgated under paragraph (1).

   Inserted: (3) Amount.--For each acre of land subject to a covered lease from which oil or natural gas is produced for less than 90 days in a calendar year, the fee shall be equal to--

   Inserted: (A) $5 per acre for the first 3 years of the covered lease after the date of enactment of this Act;

   Inserted: (B) $25 per acre for the fourth year of the covered lease after the date of enactment of this Act; and

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   Inserted: (C) $50 per acre for the fifth year of the covered lease and each year thereafter for which the covered lease is in effect after the date of enactment of this Act.

   Inserted: (4) Assessment and collection.--The Secretary shall assess and collect the fee.

   Inserted: (5) Regulations.--The Secretary may promulgate regulations to carry out this subsection, including prevention of evasion of the fee.

   Inserted: (c) Energy Efficiency and Renewable Energy Fund.--

   Inserted: (1) Establishment.--There is established in the Treasury of the United States a separate account, which shall be known as the "Energy Efficiency and Renewable Energy Fund", consisting of such amounts as are appropriated to the Fund under paragraph (2).

   Inserted: (2) Transfers to fund.--There are appropriated to the Fund, out of funds of the Treasury not otherwise appropriated, amounts equivalent to amounts collected as fees and received in the Treasury under subsection (b).

   Inserted: (3) Use.--Subject to appropriations, of the amounts in the Fund for each fiscal year--

   Inserted: (A) $100,000,000 shall be made available for necessary expenses for a program to accelerate the research, development, demonstration, and deployment of solar energy technologies and any public education and outreach materials under the program, as authorized under section 931(a)(2)(A) of the Energy Policy Act of 2005 (42 U.S.C. 16231(a)(2)(A));

   Inserted: (B) $65,000,000 shall be made available for necessary expenses for a program to support the development of next-generation wind turbines, including turbines capable of operating in areas with low wind speeds, as authorized under section 931(a)(2)(B) of the Energy Policy Act of 2005 (42 U.S.C. 16231(a)(2)(B));

   Inserted: (C) $200,000,000 shall be transferred to the "Weatherization Assistance Program" account, for a program to weatherize low-income housing, as authorized under section 411 of the Energy Independence and Security Act of 2007 (Public Law 110-140; 121 Stat. 1600) (and the amendments made by that section);

   Inserted: (D) $70,000,000 shall be made available for necessary expenses for a program to accelerate the research, development, demonstration, and deployment of new technologies to improve the energy efficiency of, and reduce greenhouse gas emissions from, buildings, as authorized under--

   Inserted: (i) section 321(g) of the Energy Independence and Security Act of 2007 (42 U.S.C. 6295 note; Public Law 110-140);

   Inserted: (ii) section 422 of the Energy Independence and Security Act of 2007 (42 U.S.C. 17082); and

   Inserted: (iii) section 912 of the Energy Policy Act of 2005 (42 U.S.C. 16192);

   Inserted: (E) $30,000,000 shall be made available for necessary expenses for a program to accelerate basic research on energy storage systems to support electric drive vehicles, stationary applications, and electricity transmission and distribution, as authorized under section 641(f) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17231(f));

   Inserted: (F) $30,000,000 shall be made available for a program to accelerate applied research on energy storage systems to support electric drive vehicles, stationary applications, and electricity transmission and distribution as authorized under section 641(g) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17231(g));

   Inserted: (G) $20,000,000 shall be made available for energy storage systems demonstrations as authorized under section 641(i) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17231(i));

   Inserted: (H) $20,000,000 shall be made available for vehicle energy storage systems demonstrations as authorized under section 641(j) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17231(j));

   Inserted: (I) $40,000,000 shall be made available for necessary expenses for research, development, and demonstration on advanced, cost-effective technologies to improve the energy efficiency and environmental performance of vehicles, as authorized under section 911(a)(2)(A) of the Energy Policy Act of 2005 (42 U.S.C. 16191(a)(2)(A));

   Inserted: (J) $50,000,000 shall be made available for audits, investigations, and environmental mitigation for oil and gas production by the Department of Interior; and

   Inserted: (K) the remainder shall be made available for use for the low-income home energy assistance program established under the Low-Income Home Energy Assistance Act of 1981 (42 U.S.C. 8621 et seq.).

   Original wording

   At the end, add the following:

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As printed