S.Amdt. 5118
What it does: Adds SEC. __. MULTIYEAR CONTRACT AUTHORITY FOR THE DEPARTMENT OF DEFENSE FOR THE PROCUREMENT OF SYNTHETIC FUELS wherever appropriate
Sen. Pete V. Domenici (R-NM)What it changes
1 change to S. 3268
Adds SEC. __. MULTIYEAR CONTRACT AUTHORITY FOR THE DEPARTMENT OF DEFENSE FOR THE PROCUREMENT OF SYNTHETIC FUELS wherever appropriate
Adds a sectionInserted: SEC. __. MULTIYEAR CONTRACT AUTHORITY FOR THE DEPARTMENT OF DEFENSE FOR THE PROCUREMENT OF SYNTHETIC FUELS.
Inserted: (a) Multiyear Contracts for the Procurement of Synthetic Fuels Authorized.--
Inserted: (1) In general.--Chapter 141 of title 10, United States Code, is amended by adding at the end the following new section:
Inserted: "Sec. 2410r. Multiyear contract authority: purchase of synthetic fuels
Inserted: "(a) Multiyear Contracts Authorized.--The head of an agency may enter into contracts for a period not to exceed 25 years for the purchase of synthetic fuels.
Inserted: "(b) Definitions.--In this section:
Inserted: "(1) The term 'head of an agency' has the meaning given that term in section 2302(1) of this title.
Inserted: "(2) The term 'synthetic fuel' means any liquid, gas, or combination thereof that--
Inserted: "(A) can be used as a substitute for petroleum or natural gas (or any derivative thereof, including chemical feedstocks); and
Inserted: "(B) is produced by chemical or physical transformation of domestic sources of energy.".
Inserted: (2) Clerical amendment.--The table of sections at the beginning of chapter 141 of such title is amended by adding at the end the following new item:
Inserted: "2410r. Multiyear contract authority: purchase of synthetic fuels.".
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Inserted: (b) Regulations.--Not later than 120 days after the date of the enactment of this Act, the Secretary of Defense shall prescribe regulations providing that the head of an agency may initiate a multiyear contract as authorized by section 2410r of title 10, United States Code (as added by subsection (a)), only if the head of the agency has determined in writing that--
Inserted: (1) there is a reasonable expectation that throughout the contemplated contract period the head of the agency will request funding for the contract at the level required to avoid contract cancellation;
Inserted: (2) the technical risks associated with the technologies for the production of synthetic fuel under the contract are not excessive; and
Inserted: (3) the contract will contain appropriate pricing mechanisms to minimize risk to the Government from significant changes in market prices for energy.
Inserted: (c) Limitation on Use of Authority.--No contract may be entered into under the authority in section 2410r of title 10, United States Code (as so added), until the regulations required by subsection (b) are prescribed.
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Original wording
At the appropriate place, insert the following:
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As printed
SA 5118. Mr. DOMENICI (for himself and Mr. Voinovich) submitted an amendment intended to be proposed by him to the bill S. 3268, to amend the Commodity Exchange Act, to prevent excessive price speculation with respect to energy commodities, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. MULTIYEAR CONTRACT AUTHORITY FOR THE DEPARTMENT OF DEFENSE FOR THE PROCUREMENT OF SYNTHETIC FUELS.
(a) Multiyear Contracts for the Procurement of Synthetic Fuels Authorized.--
(1) In general.--Chapter 141 of title 10, United States Code, is amended by adding at the end the following new section:
“Sec. 2410r. Multiyear contract authority: purchase of
synthetic fuels
“(a) Multiyear Contracts Authorized.--The head of an agency may enter into contracts for a period not to exceed 25 years for the purchase of synthetic fuels.
“(b) Definitions.--In this section:
“(1) The term ‘head of an agency' has the meaning given that term in section 2302(1) of this title.
“(2) The term ‘synthetic fuel' means any liquid, gas, or combination thereof that--
“(A) can be used as a substitute for petroleum or natural gas (or any derivative thereof, including chemical feedstocks); and
“(B) is produced by chemical or physical transformation of domestic sources of energy.”.
(2) Clerical amendment.--The table of sections at the beginning of chapter 141 of such title is amended by adding at the end the following new item:
“2410r. Multiyear contract authority: purchase of synthetic fuels.”.
(b) Regulations.--Not later than 120 days after the date of the enactment of this Act, the Secretary of Defense shall prescribe regulations providing that the head of an agency may initiate a multiyear contract as authorized by section 2410r of title 10, United States Code (as added by subsection (a)), only if the head of the agency has determined in writing that--
(1) there is a reasonable expectation that throughout the contemplated contract period the head of the agency will request funding for the contract at the level required to avoid contract cancellation;
(2) the technical risks associated with the technologies for the production of synthetic fuel under the contract are not excessive; and
(3) the contract will contain appropriate pricing mechanisms to minimize risk to the Government from significant changes in market prices for energy.
(c) Limitation on Use of Authority.--No contract may be entered into under the authority in section 2410r of title 10, United States Code (as so added), until the regulations required by subsection (b) are prescribed.
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Senate amendment submitted
July 24, 2008