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There is one summary for this bill. Bill summaries are authored by CRS.

National Energy Resources Development Act -

Title I: Change of Joint Committee on Atomic Energy into Joint Committee on Energy - Changes the Joint Committee on Atomic Energy to a Joint Committee on Energy which shall make studies of problems relating to the development, use, and supply and make such recommendations to Congress as it deems is in the interests of national security, the public health and welfare, and economic stability.

Provides that all legislation in the House and Senate relating to Atomic Energy or the Atomic Energy Commission will be referred to the Joint Committee.

Title II: Office of Under Secretary of the Interior for Energy and Mineral Resources and New Programs in the Department of the Interior - Establishes an Undersecretary for Energy and and Mineral Resources in the Department of the Interior who will carry out all functions of the Secretary and the Department as it relates to energy. Abolishes the Office of Assistant Secretary for Mineral Resources.

Establishes in addition to the present system of leasing of Federal lands a system of payments for leases on offshore lands based on the amount of production under such leases. Provides that this system applies to all new leases made 90 days after enactment and to renewals of existing leases.

Provides for a leasing plan to increase the amount of leased land in the first year to 5 times the amount of land leased in the year preceding enactment of the Act.

Establishes a Commission on Energy Utilization and Logistics in the Department of the Interior. States that the Commission shall study and investigate means of making optimum use of supplies, and the best uses and systems of delivery of energy sources.

Title III: Termination of Federal Power Commission's Authority to Regulate Charges for the Production or Gathering of Natural Gas - Provides for the setting by the Federal Power Commission of a minumum charge for natural gas within 90 days after enactment of the Act. Provides that this minimum charge is to be equal to the average charge during 1972 for all domestically produced and gathered natural gas (not including transportation) increased by 50 percent. Provides that the following year after enactment the charge is to be raised 25 percent above the first minimum and the third year an additional 25 percent. Directs that all price fixing authority of the Commission is terminated other than the foregoing.

Title IV: Additional Percentage Depletion for Increased Domestic Production of Oil and Gas and Elimination of Percentage Depletion for Oil and Gas Wells Located Outside the United States - Allows for an additional one percent depletion allowance for each 5 percent of increased production up to 10 percent. States that this provision applies to domestic production only.

Provides for the repeal of the depletion allowance for wells located outside the United States in a three year period: first year reduction from present 15 percent to 10 percent; second year from 10 percent to 5 percent; and third year from 5 percent to zero (0).

Title V: Other Provisions to Promote Domestic Energy Supplies - Exempts from antitrust laws specifeid activities of parties when those activities relate to research and development of way to improve energy use and recovery.

Authorizes the Secretary of Defense to enter into contracts with companies who will produce low sulphur hydrocarbon fuels from coal and/or oil shale.

There is one summary for this bill. Bill summaries are authored by CRS.

National Energy Resources Development Act -

Title I: Change of Joint Committee on Atomic Energy into Joint Committee on Energy - Changes the Joint Committee on Atomic Energy to a Joint Committee on Energy which shall make studies of problems relating to the development, use, and supply and make such recommendations to Congress as it deems is in the interests of national security, the public health and welfare, and economic stability.

Provides that all legislation in the House and Senate relating to Atomic Energy or the Atomic Energy Commission will be referred to the Joint Committee.

Title II: Office of Under Secretary of the Interior for Energy and Mineral Resources and New Programs in the Department of the Interior - Establishes an Undersecretary for Energy and and Mineral Resources in the Department of the Interior who will carry out all functions of the Secretary and the Department as it relates to energy. Abolishes the Office of Assistant Secretary for Mineral Resources.

Establishes in addition to the present system of leasing of Federal lands a system of payments for leases on offshore lands based on the amount of production under such leases. Provides that this system applies to all new leases made 90 days after enactment and to renewals of existing leases.

Provides for a leasing plan to increase the amount of leased land in the first year to 5 times the amount of land leased in the year preceding enactment of the Act.

Establishes a Commission on Energy Utilization and Logistics in the Department of the Interior. States that the Commission shall study and investigate means of making optimum use of supplies, and the best uses and systems of delivery of energy sources.

Title III: Termination of Federal Power Commission's Authority to Regulate Charges for the Production or Gathering of Natural Gas - Provides for the setting by the Federal Power Commission of a minumum charge for natural gas within 90 days after enactment of the Act. Provides that this minimum charge is to be equal to the average charge during 1972 for all domestically produced and gathered natural gas (not including transportation) increased by 50 percent. Provides that the following year after enactment the charge is to be raised 25 percent above the first minimum and the third year an additional 25 percent. Directs that all price fixing authority of the Commission is terminated other than the foregoing.

Title IV: Additional Percentage Depletion for Increased Domestic Production of Oil and Gas and Elimination of Percentage Depletion for Oil and Gas Wells Located Outside the United States - Allows for an additional one percent depletion allowance for each 5 percent of increased production up to 10 percent. States that this provision applies to domestic production only.

Provides for the repeal of the depletion allowance for wells located outside the United States in a three year period: first year reduction from present 15 percent to 10 percent; second year from 10 percent to 5 percent; and third year from 5 percent to zero (0).

Title V: Other Provisions to Promote Domestic Energy Supplies - Exempts from antitrust laws specifeid activities of parties when those activities relate to research and development of way to improve energy use and recovery.

Authorizes the Secretary of Defense to enter into contracts with companies who will produce low sulphur hydrocarbon fuels from coal and/or oil shale.

There is one summary for this bill. Bill summaries are authored by CRS.

National Energy Resources Development Act -

Title I: Change of Joint Committee on Atomic Energy into Joint Committee on Energy - Changes the Joint Committee on Atomic Energy to a Joint Committee on Energy which shall make studies of problems relating to the development, use, and supply and make such recommendations to Congress as it deems is in the interests of national security, the public health and welfare, and economic stability.

Provides that all legislation in the House and Senate relating to Atomic Energy or the Atomic Energy Commission will be referred to the Joint Committee.

Title II: Office of Under Secretary of the Interior for Energy and Mineral Resources and New Programs in the Department of the Interior - Establishes an Undersecretary for Energy and and Mineral Resources in the Department of the Interior who will carry out all functions of the Secretary and the Department as it relates to energy. Abolishes the Office of Assistant Secretary for Mineral Resources.

Establishes in addition to the present system of leasing of Federal lands a system of payments for leases on offshore lands based on the amount of production under such leases. Provides that this system applies to all new leases made 90 days after enactment and to renewals of existing leases.

Provides for a leasing plan to increase the amount of leased land in the first year to 5 times the amount of land leased in the year preceding enactment of the Act.

Establishes a Commission on Energy Utilization and Logistics in the Department of the Interior. States that the Commission shall study and investigate means of making optimum use of supplies, and the best uses and systems of delivery of energy sources.

Title III: Termination of Federal Power Commission's Authority to Regulate Charges for the Production or Gathering of Natural Gas - Provides for the setting by the Federal Power Commission of a minumum charge for natural gas within 90 days after enactment of the Act. Provides that this minimum charge is to be equal to the average charge during 1972 for all domestically produced and gathered natural gas (not including transportation) increased by 50 percent. Provides that the following year after enactment the charge is to be raised 25 percent above the first minimum and the third year an additional 25 percent. Directs that all price fixing authority of the Commission is terminated other than the foregoing.

Title IV: Additional Percentage Depletion for Increased Domestic Production of Oil and Gas and Elimination of Percentage Depletion for Oil and Gas Wells Located Outside the United States - Allows for an additional one percent depletion allowance for each 5 percent of increased production up to 10 percent. States that this provision applies to domestic production only.

Provides for the repeal of the depletion allowance for wells located outside the United States in a three year period: first year reduction from present 15 percent to 10 percent; second year from 10 percent to 5 percent; and third year from 5 percent to zero (0).

Title V: Other Provisions to Promote Domestic Energy Supplies - Exempts from antitrust laws specifeid activities of parties when those activities relate to research and development of way to improve energy use and recovery.

Authorizes the Secretary of Defense to enter into contracts with companies who will produce low sulphur hydrocarbon fuels from coal and/or oil shale.

There is one summary for this bill. Bill summaries are authored by CRS.

National Energy Resources Development Act -

Title I: Change of Joint Committee on Atomic Energy into Joint Committee on Energy - Changes the Joint Committee on Atomic Energy to a Joint Committee on Energy which shall make studies of problems relating to the development, use, and supply and make such recommendations to Congress as it deems is in the interests of national security, the public health and welfare, and economic stability.

Provides that all legislation in the House and Senate relating to Atomic Energy or the Atomic Energy Commission will be referred to the Joint Committee.

Title II: Office of Under Secretary of the Interior for Energy and Mineral Resources and New Programs in the Department of the Interior - Establishes an Undersecretary for Energy and and Mineral Resources in the Department of the Interior who will carry out all functions of the Secretary and the Department as it relates to energy. Abolishes the Office of Assistant Secretary for Mineral Resources.

Establishes in addition to the present system of leasing of Federal lands a system of payments for leases on offshore lands based on the amount of production under such leases. Provides that this system applies to all new leases made 90 days after enactment and to renewals of existing leases.

Provides for a leasing plan to increase the amount of leased land in the first year to 5 times the amount of land leased in the year preceding enactment of the Act.

Establishes a Commission on Energy Utilization and Logistics in the Department of the Interior. States that the Commission shall study and investigate means of making optimum use of supplies, and the best uses and systems of delivery of energy sources.

Title III: Termination of Federal Power Commission's Authority to Regulate Charges for the Production or Gathering of Natural Gas - Provides for the setting by the Federal Power Commission of a minumum charge for natural gas within 90 days after enactment of the Act. Provides that this minimum charge is to be equal to the average charge during 1972 for all domestically produced and gathered natural gas (not including transportation) increased by 50 percent. Provides that the following year after enactment the charge is to be raised 25 percent above the first minimum and the third year an additional 25 percent. Directs that all price fixing authority of the Commission is terminated other than the foregoing.

Title IV: Additional Percentage Depletion for Increased Domestic Production of Oil and Gas and Elimination of Percentage Depletion for Oil and Gas Wells Located Outside the United States - Allows for an additional one percent depletion allowance for each 5 percent of increased production up to 10 percent. States that this provision applies to domestic production only.

Provides for the repeal of the depletion allowance for wells located outside the United States in a three year period: first year reduction from present 15 percent to 10 percent; second year from 10 percent to 5 percent; and third year from 5 percent to zero (0).

Title V: Other Provisions to Promote Domestic Energy Supplies - Exempts from antitrust laws specifeid activities of parties when those activities relate to research and development of way to improve energy use and recovery.

Authorizes the Secretary of Defense to enter into contracts with companies who will produce low sulphur hydrocarbon fuels from coal and/or oil shale.