- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on Energy and Natural ResourcesIntroducedMay 11th, 2010
- senate Committees
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Beyond Petroleum Act
A bill to direct the Secretary of the Interior to establish an annual fee on Federal offshore areas that are subject to a lease for production of oil or natural gas and to establish a fund to reduce pollution and the dependence of the United States on oil.
Beyond Petroleum Act - Directs the Secretary of the Interior to establish an annual fee of $10 per acre for federal offshore areas subject to a lease for production of oil or natural gas as of May 1, 2010. Establishes in the Treasury the Oil Dependence Reduction Fund, to be jointly administered by the Administrator of the Environmental Protection Agency (EPA), the Secretary of Energy (DOE), and the Secretary of Transportation (DOT), for research, development, deployment, or expansion of renewable technologies or programs that significantly: (1) decrease the use of oil; and (2) reduce greenhouse gas emissions.