235 
of public lands, including the outer Continental 
Shelf, of the impact of such bill on domestic energy 
availability. 
‘‘(B) Each such statement shall contain— 
‘‘(i) the physical/geographic size of any 
new areas of public lands which are opened up 
or closed off for energy exploration; and 
‘‘(ii) the total amount of cubic feet of dry 
natural gas or the total number of barrels of oil 
or liquid natural gas, or the total number of 
short tons of coal, which could be recovered 
from any public lands which are opened up or 
closed off for energy exploration.’’. 
(b) EXERCISE
OF
RULEMAKING
POWERS.—The 
amendment made by subsection (a) is enacted as an exer-
cise of the rulemaking power of the House of Representa-
tives, and as such shall be considered as part of the Rules 
of the House of Representatives, with full recognition of 
the constitutional right of the House of Representatives 
to change such Rules at any time, in the same manner, 
and to the same extent as in the case of any other Rule 
of the House of Representatives. 
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SEC. 3602. DOMESTIC ENERGY IMPACT STATEMENTS. 
(a) IN GENERAL.—Section 719 of title 31, United 
States Code, is amended by adding at the end the fol-
lowing new subsection: 
‘‘(i) The Comptroller General shall, to the extent 
practicable, prepare for each bill or joint resolution re-
ported by any committee of the House of Representatives 
or the Senate that would have an impact on domestic en-
ergy availability, and submit to such committee a domestic 
energy impact statement containing— 
‘‘(1) the physical/geographic size of any new 
areas of public lands which are opened up or closed 
off for energy exploration; and 
‘‘(2) the total amount of cubic feet of dry nat-
ural gas or the total number of barrels of oil or liq-
uid natural gas, or the total number of short tons 
of coal, which could be recovered from any public 
lands which are opened up or closed off for energy 
exploration.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall apply to bills and joint resolutions re-
ported by committees of the House of Representatives or 
the Senate 90 or more days after the date of the enact-
ment of this Act. 
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237 
Subtitle H—Deficit Reduction 
SEC. 3701. DEFICIT REDUCTION TRUST FUND. 
(a) IN GENERAL.—Subchapter A of chapter 98 of the 
Internal Revenue Code of 1986 is amended by adding at 
the end the following new section: 
‘‘SEC. 9511. DEFICIT REDUCTION TRUST FUND. 
‘‘(a) CREATION.—There is established in the Treas-
ury of the United States a trust fund to be known as the 
‘Deficit Reduction Trust Fund’, consisting of such 
amounts as may be appropriated or credited to the Deficit 
Reduction Trust Fund as provided in this section. 
‘‘(b) TRANSFERS.—There are hereby appropriated to 
the Deficit Reduction Trust Fund amounts equivalent to 
25 percent of all OCS Receipts, as defined in section 
9(i)(8) of the Outer Continental Shelf Lands Act (43 
U.S.C. 1338), that are derived from leases under that Act 
on tracts that would not have been available for leasing 
prior to the enactment of the American Energy Innovation 
Act and that would otherwise have been deposited in the 
General Fund of the Treasury and not allocated to any 
other specific use. 
‘‘(c) EXPENDITURES.—Amounts in the Deficit Re-
duction Trust Fund shall be available as provided in ap-
propriation Acts only for the purpose of reducing the Fed-
eral debt.’’. 
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(b) CLERICAL AMENDMENT.—The table of sections 
for such subchapter is amended by adding at the end the 
following new item: 
‘‘Sec. 9511. Deficit Reduction Trust Fund.’’. 
TITLE IV—JOB CREATION 
SEC. 4001. SENSE OF CONGRESS. 
(a) FINDINGS.—Congress finds the following: 
(1) A comprehensive energy policy would en-
hance the national security of the United States in 
two ways, by reducing our dependency on foreign 
sources of fuel and by simultaneously creating tens 
of millions of jobs over the next few decades. 
(2) Opening the full outer Continental Shelf to 
energy production would create 36 million jobs over 
the next 30 years. 
(3) Despite its distance from the continental 
United States, the opening of just 2,000 acres of 
land in the Arctic Coastal plain of Alaska is enough 
to supply up to an additional million jobs throughout 
the Nation. Millions more jobs will be created in sec-
tors of the economy that make our traditional 
sources of energy more efficient and clean. 
(4) Despite the progress being made in the de-
velopment of new and renewable energy sources and 
technologies, for the foreseeable future, there are no 
viable substitutes for the widely available, affordable 
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239 
petroleum resources located within the United 
States. 
(5) While support must be given to continue to 
encourage the development of alternative energy 
sources, Congress must embrace a comprehensive 
energy policy that understands fossil fuels will con-
tinue to play a significant role in our energy policy 
for at least several more generations. 
(6) By doing so, the United States will embrace 
a realistic plan to reduce our dependency on foreign 
sources of energy and ensure our economic security. 
(b) SENSE OF CONGRESS.—It is the sense of Con-
gress that a comprehensive energy policy that promotes 
conservation, production, and innovation will consequently 
lead to massive long-term job creation. 
Æ 
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