S.Amdt. 5168
What it does: Adds TITLE II--NEW RESOURCES FOR DOMESTIC CONSUMPTION wherever appropriate
Sen. Richard Burr (R-NC)What it changes
1 change to S. 3268
Adds TITLE II--NEW RESOURCES FOR DOMESTIC CONSUMPTION wherever appropriate
Adds a titleInserted: TITLE II--NEW RESOURCES FOR DOMESTIC CONSUMPTION
Inserted: SEC. 201. SHORT TITLE.
Inserted: This title may be cited as the "New Resources for Domestic Consumption Act of 2008".
Inserted: SEC. 202. DEFINITION OF 1002 AREA OF ALASKA.
Inserted: In this title, the term "1002 Area of Alaska" means the area described in appendix I to part 37 of title 50, Code of Federal Regulations, as in effect on July 14, 2008, popularly known as the "Coastal Plain of the Arctic National Wildlife Refuge".
Inserted: SEC. 203. PURPOSE.
Inserted: The purpose of this title is to provide for the expeditious development of oil, natural gas, and other resources of the 1002 Area of Alaska by transferring to the State of Alaska all right, title, and interest of the United States in and to the 1002 Area of Alaska.
Inserted: SEC. 204. TRANSFER OF 1002 AREA TO STATE OF ALASKA.
Inserted: (a) In General.--Subject to subsection (b) and notwithstanding any other provision of law, not later than 30 days after the date of enactment of this Act, the Secretary of the Interior shall transfer to the State of Alaska all right, title, and interest of the United States in and to the 1002 Area of Alaska.
Inserted: (b) Condition.--As a condition of any transfer under this section, the Secretary shall require the State of Alaska to pay to the United States 50 percent of all amounts received by the State of Alaska as a result of development of oil, natural gas, and other natural resources of the 1002 Area of Alaska.
Inserted: SEC. 205. PROHIBITION ON EXPORT OF OIL.
Inserted: No oil produced in the 1002 Area of Alaska after the date of any transfer under section 204 may be exported from the United States.
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Original wording
At the appropriate place, insert the following:
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As printed
SA 5168. Mr. BURR 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:
TITLE II--NEW RESOURCES FOR DOMESTIC CONSUMPTION
SEC. 201. SHORT TITLE.
This title may be cited as the “New Resources for Domestic Consumption Act of 2008”.
SEC. 202. DEFINITION OF 1002 AREA OF ALASKA.
In this title, the term “1002 Area of Alaska” means the area described in appendix I to part 37 of title 50, Code of Federal Regulations, as in effect on July 14, 2008, popularly known as the “Coastal Plain of the Arctic National Wildlife Refuge”.
SEC. 203. PURPOSE.
The purpose of this title is to provide for the expeditious development of oil, natural gas, and other resources of the 1002 Area of Alaska by transferring to the State of Alaska all right, title, and interest of the United States in and to the 1002 Area of Alaska.
SEC. 204. TRANSFER OF 1002 AREA TO STATE OF ALASKA.
(a) In General.--Subject to subsection (b) and notwithstanding any other provision of law, not later than 30 days after the date of enactment of this Act, the Secretary of the Interior shall transfer to the State of Alaska all right, title, and interest of the United States in and to the 1002 Area of Alaska.
(b) Condition.--As a condition of any transfer under this section, the Secretary shall require the State of Alaska to pay to the United States 50 percent of all amounts received by the State of Alaska as a result of development of oil, natural gas, and other natural resources of the 1002 Area of Alaska.
SEC. 205. PROHIBITION ON EXPORT OF OIL.
No oil produced in the 1002 Area of Alaska after the date of any transfer under section 204 may be exported from the United States.
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Senate amendment submitted
July 24, 2008