Pete Domenici: “last year the Senate by an overwhelming majority--74 Senators voted to support the Energy Policy Act. A number of…”

“last year the Senate by an overwhelming majority--74 Senators voted to support the Energy Policy Act. A number of programs, projects, and activities within that act were not contained in the President's budget. What this does, it supports an energy reserve fund paid for by ANWR receipts. In other words, ANWR is in the bill, and we allocate part of the receipts in a reserve fund to the Secretary of Energy to pay for various projects that were already voted on by the Congress that we thought were good projects. Therefore, this would fund $150 million a year for 5 years from the ANWR receipts. I think we should do it. I urge the Senate to adopt this. It is a good way to use the funds, an appropriate way, and I believe it would add to the validity of our Energy Policy Act and make those things happen more quickly. I yield the floor.”