HR 6758 110th Congress House

FREE Act

Official title: To direct the Secretary of the Interior to promptly commence an oil and gas leasing program for public lands within the Coastal Plain of Alaska, and for other purposes.

Introduced: July 31, 2008 Introduced by: Rogers, Mike D. Republican · Alabama See on congress.gov

Energy Agricultural practices and innovationsAgricultural prices, subsidies, creditAlaskaAlternative and renewable resources

More subjectsShow fewer subjects

Arctic and polar regionsEnergy researchEnergy revenues and royaltiesGovernment lending and loan guaranteesGovernment trust fundsOil and gasResearch administration and fundingResearch and developmentTax administration and collection, taxpayersWilderness and natural areas, wildlife refuges, wild rivers, habitats

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

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Latest action November 19, 2008

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

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.

Bill text 1 version