American Innovation Act of 2008

Bill: 110-hr-6910
Sponsor: Rep. Price, Tom [R-GA-6]
Introduced: 2008-09-16 in the House
Policy area: Energy
Subjects: Advanced technology and technological innovations
Alaska
Appropriations
Arctic and polar regions
Budget deficits and national debt
Energy efficiency and conservation
Energy research
Energy revenues and royalties
Environmental technology
Government trust funds
Hybrid, electric, and advanced technology vehicles
Land use and conservation
Marine and coastal resources, fisheries
Mining
Oil and gas
Product development and innovation
Research administration and funding
Research and development
Technology transfer and commercialization
Wilderness and natural areas, wildlife refuges, wild rivers, habitats

Summary:
action_date: 2008-09-16
text: 
American Innovation Act of 2008 - Directs the Secretary of Energy to carry out the Alternative Fuel Vehicle Innovation Prize program to award cash prizes to eligible contestants to advance the research, development, demonstration, and commercial application of alternative fuel vehicles, including: (1) a $10 billion grand prize for the production of a prototype alternative fuel vehicle meeting fuel efficiency, emissions, cost, and commercial application criteria; and (2) $100 million in additional prizes for substantial advancements in specific areas of alternative vehicle technologies, components, or systems or for transformational changes in technology.

Establishes the Innovation Trust Fund in the Treasury, to be funded with amounts attributable to the exploration for, development of, or production of oil, natural gas, or oil shale located on federal lands in the Outer Continental Shelf (OCS) or in the Arctic National Wildlife Refuge (ANWR). Directs the Secretary of the Treasury to transfer amounts in the Fund that are not required to carry out this Act to the account for public debt reduction.

Declares without force or effect all existing federal law prohibiting spending appropriated funds to conduct oil or natural gas leasing and preleasing activities for any area of OCS.

Revokes all presidential: (1) withdrawals from leasing under the Outer Continental Shelf Lands Act of areas for exploration for, and development and production of, oil or natural gas; and (2) authorities to withdraw from disposition any unleased OCS lands, except in the interest of natural security or military operations.

Amends the Alaska National Interest Lands Conservation Act to repeal provisions: (1) withdrawing public lands within the coastal plain of ANWR from entry or appropriation under U.S. mining laws and from operation of U.S. mineral leasing laws; and (2) prohibiting production, or development leading to production, of oil and gas from ANWR.


Legislative actions:
action_date: 2008-09-22
text: Referred to the Subcommittee on Energy and Mineral Resources.
action_date: 2008-09-18
text: Referred to the Subcommittee on Energy and Environment.
action_date: 2008-09-16
text: Referred to the Committee on Science and Technology, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2008-09-16
text: Referred to the Committee on Science and Technology, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2008-09-16
text: Referred to the Committee on Science and Technology, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2008-09-16
text: Introduced in House
action_date: 2008-09-16
text: Introduced in House