S. 3126: Energy Resource Development Act of 2008

110th Congress · introduced 2008-06-12 · Energy · Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5619-5626)

federal

Follow this bill, step by step

Where it came from: introduced 2008-06-12 · official record
Who proposed it: Sen. Coleman, Norm [R-MN] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5619-5626) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Energy Resource Development Act of 2008

Plain summary

Energy Resource Development Act of 2008 - Revokes the Memorandum on Withdrawal of Certain Areas of the United States Outer Continental Shelf from Leasing Disposition. Amends the Outer Continental Shelf Lands Act to: (1) authorize the governors of affected states to accept, provide a counterproposal to, or veto the Secretary of the Interior's (Secretary's) proposed lease sales or development and production plans of certain coastal areas; (2) direct the Secretary to conduct an approved lease sale for a new producing area; and (3) direct the Secretary of the Treasury to deposit revenues from the disposition of new producing areas in specified funds. Directs the Secretary to allocate revenues to new producing states and coastal political subdivisions for: (1) coastal protection; (2) mitigation of damage to fish, wildlife, or natural resources; (3) marine, coastal, or comprehensive conservation management plans; (4) mitigation of the impact of outer Continental Shelf activities through the funding of onshore projects; and (5) planning assistance and administrative costs for complying with this Act. Establishes in the Treasury the Energy Independence Trust Fund and provides for expenditures. Requires the Secretary to: (1) make loan guarantees for projects that provide for the construction of new renewable fuel pipelines; and (2) issue a rule directing the Department of Energy Loan Guarantee Program Office to initiate a loan guarantee program for such projects. Directs the President to: (1) promulgate regulations to ensure that covered fuel sold or introduced into U.S. commerce contains specified volumes of clean coal-derived fuel beginning in calendar year 2015; and (2) implement a credit program to manage such requirement. Provides for a waiver to such requirement, exemptions for small refineries, and civil penalties for noncompliance. Amends the Energy Policy Act of 2005 to revise provisions concerning loan guarantees for projects that employ innovative technologies. Designates the fund that consists of revenues from fees collected for such guarantees as the Incentives for Innovative Technologies Fund. Requires the Secretary of Energy to carry out a Nuclear Power 2010 Program to position the United States to commence construction of new nuclear power plants by no later than 2010. Requires the Program to be carried out through cost-sharing with the private sector. Authorizes appropriations. Establishes an interagency working group to make recommendations on coordinating federal actions and programs to promote increasing domestic manufacturing capacity and the exportation of domestic nuclear energy products and services. Amends the Internal Revenue Code to establish a qualifying nuclear power manufacturing credit and a nuclear power facility construction credit. Requires the Secretary of Labor to implement a program to provide workforce training to meet the demand for workers skilled in the nuclear utility and nuclear energy products and services industries.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Energy Resource Development Act of 2008

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Coleman, Norm [R-MN] · 0 cosponsors

Cost estimate: No cost estimate published yet.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (5)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Veto: The power of a president or governor to reject a bill passed by the legislature. Lawmakers can override a veto with a large enough vote (two-thirds of each chamber in Congress).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-110s3126.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/110/s>

Record fed-us-cong110-s3126 · catalog fed-us-congress-bills-cong110 · updated 2026-11-15 by psicol fed-bills-cong110