Teacher:In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Teacher: Now, understand the problem? Solve this instance: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Oil Savings Act of 2008''.

SEC. 2. FINDINGS.

Congress finds that--
(1) the United States imports more oil from the Middle East
today than before the attacks on the United States on September
11, 2001;
(2) the United States remains the most oil-dependent
industrialized nation in the world, consuming approximately 25
percent of the oil supply of the world;
(3) the ongoing dependence of the United States on foreign
oil is one of the greatest threats to the national security and
economy of the United States; and
(4) the United States needs to take transformative steps to
wean itself from its addiction to oil.

SEC. 3. POLICY ON REDUCING OIL DEPENDENCE.

It is the policy of the United States to reduce the dependence of
the United States on oil, and thereby--
(1) alleviate the strategic dependence of the United States
on oil-producing countries;
(2) reduce the economic vulnerability of the United States;
and
(3) reduce the greenhouse gas emissions associated with oil
use.

SEC. 4. OIL SAVINGS PLAN.

(a) Initial Oil Savings Target and Action Plan.--Not later than 270
days after the date of enactment of this Act, an interagency task force
composed of the Secretary of Energy, the Secretary of Transportation,
the Secretary of Defense, the Secretary of Agriculture, the Secretary
of the Treasury, the Administrator of the Environmental Protection
Agency, and the head of any other agency the President determines
appropriate (referred to in this section as the ''Interagency Task
Force'') shall publish in the Federal Register an action plan
consisting of--
(1) a draft list of proposals for agency action that will
be sufficient, when taken together, to save from the baseline
determined under subsection (d)--
(A) 2,500,000 barrels of oil per day on average
during calendar year 2016;
(B) 7,000,000 barrels of oil per day on average
during calendar year 2026; and
(C) 10,000,000 barrels per day on average during
calendar year 2030; and
(2) a Federal Government-wide analysis demonstrating--
(A) the expected oil savings from the baseline to
be accomplished by--
(i) chapter 329 of title 49, United States
Code (including regulations promulgated to
carry out that chapter); and
(ii) section 211(o) of the Clean Air Act
(42 U.S.C. 7545(o)) (including regulations
promulgated to carry out section 211(o) of that
Act); and
(B) that the proposals described in paragraph (1),
taken together with expected oil savings described in
subparagraph (A), will achieve the oil savings
specified in this subsection.
(b) Review and Update of Action Plan.--
(1) Review.--Not later than January 1, 2011, and every 3
years thereafter, the Interagency Task Force shall submit to
Congress, and publish, a report that--
(A) evaluates the progress achieved in implementing
the oil savings targets established under subsection
(a);
(B) analyzes the expected oil savings under the
action plan established under that subsection; and
(C)(i) analyzes the potential to achieve oil
savings that are in addition to the oil savings goals
under that subsection; and
(ii) if the President determines that it is in the
national interest, requires an analysis under that
subsection for a higher oil savings goal for calendar
year 2017 or any subsequent calendar year.
(2) Insufficient oil savings.--If the oil savings are less
than the targets described in subsection (a), simultaneously
with the report required under paragraph (1), the Interagency
Task Force shall publish a revised action plan that is
sufficient to achieve the targets.
(c) Public Comment and Final Proposals.--
(1) In general.--After a 30-day period for public comment
on the publications under subsection (a) and (b), the
Interagency Task Force shall, not later than 1 year after the
date of enactment of this Act, issue a final list of proposals
to meet the requirements of this section.
(2) Additional legislative authority.--The proposals shall
include a request to Congress for any additional legislative
authority necessary to implement the proposals.
(d) Baseline and Analysis Requirements.--In performing the analyses
required for the action plan to achieve the oil savings described in
subsection (a), the Secretary of Energy, the Secretary of
Transportation, the Secretary of Defense, the Secretary of Agriculture,
the Administrator of the Environmental Protection Agency, and the head
of any other agency the President determines to be appropriate shall--
(1) determine oil savings as the projected reduction in oil
consumption from the baseline established by the reference case
contained in the report of the Energy Information
Administration entitled ''Annual Energy Outlook 2008'';
(2) determine the oil savings projections required on an
annual basis for each of calendar years 2009 through 2030; and
(3) account for any overlap among implementation actions to
ensure that the projected oil savings from all the
implementation actions, taken together, are as accurate as
practicable.
(e) Relationship to Other Laws.--Nothing in this section affects
the authority provided or responsibility delegated under any other law.
Student:
Oil Savings Act of 2008 - States that it is U.S. policy to reduce the dependence of the United States on oil and thereby: (1) alleviate the strategic dependence of the United States on oil-producing countries; (2) reduce the economic vulnerability of the United States; and (3) reduce the greenhouse gas emissions associated with oil use.

Directs an Interagency Task Force, composed of the Secretaries of Energy, Transportation, Defense, Agriculture, and the Treasury, as well as the Administrator of the Environmental Protection Agency (EPA) and any other agency head determined appropriate by the President, to: (1) publish an action plan for achieving specified oil savings targets during calendar years 2016, 2026, and 2030; and (2) report to Congress on the progress achieved in implementing such targets and expected oil savings under the action plan. Requires the plan to include an analysis demonstrating expected oil savings that result from changes to motor vehicle fuel consumption standards and under the renewable fuel program.

Requires a revised action plan if oil savings fall short of targets.