On the recordMay 13, 2008
I am going to offer a unanimous consent request that at the end of the bill, insert the following new section: Section 3. Use of Funds. The Secretary of the Interior shall transfer to the Secretary of Energy an amount equal to the value of the petroleum that would have been deposited in the Strategic Petroleum Reserve from royalty-in-kind payments but for the suspension required under section 2(a)(1). Such amount shall be available for obligation by the Secretary of Energy without further appropriation as follows: (1) 50 percent shall be retained for future acquisition of petroleum products for the Strategic Petroleum Reserve during any period when the price of oil is less than $75 per barrel. (2) 25 percent shall be transferred to the Secretary of Health and Human Services as an additional amount for use in carrying out the Low-Income Home Energy Assistance Act of 1981. (3) 25 percent shall be available for use by the Secretary of Energy to carry out alternative energy projects the Secretary is authorized by law to carry out. Mr. Speaker, I would ask unanimous consent that this be added to the bill. And if it is, I will vote for the bill.
Source
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