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HR 6758 110th Congress House Energy Agricultural practices and innovations Agricultural prices, subsidies, credit Alaska Alternative and renewable resources Arctic and polar regions Energy research Energy revenues and royalties Government lending and loan guarantees Government trust funds Oil and gas Research administration and funding Research and development Tax administration and collection, taxpayers Wilderness and natural areas, wildlife refuges, wild rivers, habitats

FREE Act

Introduced: July 31, 2008 Introduced by: Rogers, Mike D. Republican · Alabama See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 19, 2008
Referred to the Subcommittee on Conservation, Credit, Energy, and Research.
Nov 19, 2008
Referred to the Subcommittee on Specialty Crops, Rural Development, and Foreign Agriculture.
Aug 4, 2008
Referred to the Subcommittee on Energy and Mineral Resources.
Jul 31, 2008
Referred to the Committee on Natural Resources, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 31, 2008
Introduced in House
 Plain-English summary Congressional Research Service

Furthering Renewable Energy and Exploration Act or the FREE Act - Directs the Secretary of the Interior to commence promptly an oil and gas leasing program for public lands within the Coastal Plain of Alaska.

Establishes in the Treasury the Energy Independence Trust Fund, into which shall be deposited: (1) rental payments and royalties received by the United States each fiscal year under leases issued under such program; and (2) federal income tax received by the United States each fiscal year attributable to sales of oil and gas produced under such leases.

Requires payment of the amounts deposited into the Fund each fiscal year of: (1) 50% to the state of Alaska; and (2) the remainder to the Secretary of Agriculture, half to provide business and industry loan guarantees under the Consolidated Farm and Rural Development Act, and half for the Biomass Research and Development Initiative under the Farm Security and Rural Investment Act of 2002, in the succeeding fiscal year.

What's happening now November 19, 2008

Referred to the Subcommittee on Conservation, Credit, Energy, and Research.

 Committees of jurisdiction 5
 Cosponsors 3
All 3 Republican 3