instruction:
In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
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SECTION 1. SHORT TITLE.

This Act may be cited as the ''Detroit Economic Competitiveness
Act''.

SEC. 2. DETROIT JOBS 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. 9512. DETROIT JOBS TRUST FUND.

''(a) Creation of Trust Fund.--There is established in the Treasury
of the United States a trust fund to be known as the 'Detroit Jobs
Trust Fund', consisting of such amounts as may be appropriated or
credited to such fund as provided in this section or section 9602(b).
''(b) Transfers to Trust Fund.--There are hereby appropriated to
the Detroit Jobs Trust Fund amounts equivalent to receipts in the
Treasury of taxes (including all income, excise, and employment taxes
whether imposed with respect to individuals or businesses) imposed
under this title (with respect to periods after the date of the
enactment of this section) which are (as determined by the Secretary)
attributable to Detroit, Michigan. The city of Detroit, Michigan, shall
provide the Secretary such information as the Secretary may request for
purposes of making the determinations required under this subsection.
For purposes of this subsection, the taxes imposed on a corporation or
other business entity shall not be treated as attributable to Detroit,
Michigan, merely because the headquarters of such corporation or entity
is located in Detroit, Michigan.
''(c) Expenditures.--
''(1) In general.--Except as otherwise provided in this
subsection, amounts in the Detroit Jobs Trust Fund shall
(without need of any further appropriation) be distributed
annually by the Secretary to the city of Detroit, Michigan, to
carry out the purposes described in paragraph (2).
''(2) Use of expenditures.--Amounts distributed to the city
of Detroit, Michigan, under this section shall be used for the
following purposes and in the following order of priority:
''(A) First, of the amounts distributed with
respect the annual period not in excess of the Detroit
income tax suspension hold harmless amount, for any
purpose determined by the city government of Detroit,
Michigan.
''(B) Second, for payment of principal and interest
on any general obligation issued by the city of
Detroit, Michigan (to the extent of such obligations).
''(C) Third, for payment of principal and interest
on obligations to which section 103 applies and the
proceeds of which were used for the public schools of
the city of Detroit, Michigan (to the extent of such
obligations).
''(D) Fourth, for jobs development, public safety,
education, business infrastructure, or public
infrastructure (to the extent consistent with the plan
described in paragraph (4)).
''(3) Restriction on distributions.--No distribution shall
be made by the Secretary under paragraph (1) unless--
''(A) the city of Detroit, Michigan, does not
impose an income tax with respect to the period to
which such distribution relates,
''(B) such city has reduced the aggregate property
taxes imposed by an amount not less than the reduction
in the payment obligations of such city by reason of
the payments described in paragraph (2),
''(C) all prior distributions made to the city
under paragraph (2) were used by the city in a manner
consistent with the requirements of paragraph (2), and
''(D) such city has provided such information to
the Comptroller General of the United States as the
Comptroller General may request to carry out section
2(b) of the Detroit Economic Competitiveness Act.
''(4) 5-year development plan.--A plan is described in this
paragraph if such plan--
''(A) is a 5-year plan describing development goals
for Detroit, Michigan, and detailing how distributions
for purposes described in paragraph (2)(D) will be
spent,
''(B) has been approved by simple majority vote of
the City Council of Detroit, Michigan (after
consultation with the Detroit Board of Education), and
''(C) has been submitted to, and approved by, the
Secretary of the Treasury, the Secretary of Housing and
Urban Development, and the Secretary of Education.
No distribution shall be made under paragraph (1) for a purpose
described in paragraph (2)(D) unless a plan described in this
paragraph is in effect and all prior such distributions for
such purposes were used in accordance with such plan.
''(5) Special rules during period of plan development.--
During the period during which the plan described in paragraph
(4) is developed (but not in excess of the 5-month period
beginning on the date of the first distribution under paragraph
(1)), amounts distributed may be used concurrently for the
purposes described in subparagraphs (A), (B), and (C) of
paragraph (2).
''(6) Detroit income tax suspension hold harmless amount.--
''(A) In general.--For purposes of paragraph
(2)(A), the term 'Detroit income tax suspension hold
harmless amount' means the amount (as determined by the
Secretary) of revenue collected by the city of Detroit
pursuant to the income tax imposed by such city during
the calendar year preceding the calendar year which
includes the date of the enactment of this section.
''(B) Cross reference.--For provision which
requires suspension of the Detroit income tax, see
paragraph (3)(A).
''(C) Tax returns may still be required.--The city
of Detroit, Michigan, shall not be treated as failing
to satisfy the requirement of paragraph (3)(A) with
respect to any period merely because taxpayers are
required to file tax returns and report income with
respect to such period.
''(7) Amounts made available not to reduce other funding.--
Amounts distributed to the city of Detroit, Michigan, under
this section shall supplement, and not supplant, any other
funding (including any Federal funding) for such city.
''(d) Termination.--No amount shall be distributed from, or
appropriated to, the Detroit Jobs Trust Fund after the 5-year period
beginning on the date of the enactment of this section. Any amounts
remaining in such Trust Fund at the end of such period shall be
transferred to the general fund of the Treasury. The 5-year period
specified in this subsection shall not be renewed or extended.''.
(b) GAO Reports.--The Comptroller General of the United States
shall submit an annual report to Congress which--
(1) describes the manner and purposes for which
distributions made from the Detroit Jobs Trust Fund have been
used,
(2) describes the extent to which progress has been made
toward meeting the development goals under the plan described
in section 9512(c)(4) of the Internal Revenue Code of 1986 (as
added by this section) and whether such progress is consistent
with meeting such goals, and
(3) includes any recommendations the Comptroller General
may have regarding improvements to the program described in
section 9512 of such Code.
The first such annual report shall be submitted not later than 90 days
after the 1-year period beginning on the date of the enactment of this
Act and the last such annual report shall be submitted not later than
90 days after the date on which the Detroit Jobs Trust Fund terminates
pursuant to section 9512(d) of such Code.
(c) Clerical Amendment.--The table of sections for subchapter A of
chapter 98 of the Internal Revenue Code of 1986 is amended by adding at
the end the following new item:

''Sec. 9512. Detroit Jobs Trust Fund.''.

SEC. 3. ZERO CAPITAL GAINS RATE FOR CERTAIN NEW INVESTMENTS IN DETROIT,
MICHIGAN.

(a) In General.--Subchapter Y of chapter 1 of the Internal Revenue
Code of 1986 is amended by adding at the end the following new part:

''PART IV--CERTAIN NEW INVESTMENTS IN DETROIT, MICHIGAN

''Sec. 1400V. Zero capital gains rate for certain new investments in
Detroit, Michigan.

''SEC. 1400V. ZERO CAPITAL GAINS RATE FOR CERTAIN NEW INVESTMENTS IN
DETROIT, MICHIGAN.

''(a) In General.--Gross income does not include any qualified
capital gain from the sale or exchange of a specified new investment
held for more than 1 year.
''(b) Specified New Investment.--For purposes of this section--
''(1) In general.--The term 'specified new investment'
means--
''(A) any qualified stock,
''(B) any qualified partnership interest, and
''(C) any qualified business property.
''(2) Qualified stock.--
''(A) In general.--Except as provided in
subparagraph (B), the term 'qualified stock' means any
stock in a domestic corporation if--
''(i) such stock is acquired by the
taxpayer during the 1-year period beginning on
the date of the enactment of this section, at
its original issue (directly or through an
underwriter) from the corporation solely in
exchange for cash,
''(ii) as of the time such stock was
issued, such corporation was a specified
Detroit business (or, in the case of a new
corporation, such corporation was being
organized for purposes of being a specified
Detroit business), and
''(iii) during substantially all of the
taxpayer's holding period for such stock, such
corporation qualified as a specified Detroit
business.
''(B) Redemptions.--A rule similar to the rule of
section 1202(c)(3) shall apply for purposes of this
paragraph.
''(3) Qualified partnership interest.--The term 'qualified
partnership interest' means any capital or profits interest in
a domestic partnership if--
''(A) such interest is acquired by the taxpayer
during the 1-year period beginning on the date of the
enactment of this section, from the partnership solely
in exchange for cash,
''(B) as of the time such interest was acquired,
such partnership was a specified Detroit business (or,
in the case of a new partnership, such partnership was
being organized for purposes of being a specified
Detroit business), and
''(C) during substantially all of the taxpayer's
holding period for such interest, such partnership
qualified as a specified Detroit business.
A rule similar to the rule of paragraph (2)(B) shall apply for
purposes of this paragraph.
''(4) Qualified business property.--
''(A) In general.--The term 'qualified business
property' means tangible property if--
''(i) such property was acquired by the
taxpayer by purchase (as defined in section
179(d)(2)) during the 1-year period beginning
on the date of the enactment of this section,
''(ii) the original use of such property in
Detroit, Michigan, commences with the taxpayer,
and
''(iii) during substantially all of the
taxpayer's holding period for such property,
substantially all of the use of such property
was in a specified Detroit business of the
taxpayer.
''(B) Special rule for substantial improvements.--
The requirements of clauses (i) and (ii) of
subparagraph (A) shall be treated as satisfied with
respect to--
''(i) property which is substantially
improved by the taxpayer before the end of the
period described in subparagraph (A)(i), and
''(ii) any land on which such property is
located.
The determination of whether a property is
substantially improved shall be made under clause (ii)
of section 1400B(b)(4)(B), except that 'the date of the
enactment of section 1400V' shall be substituted for
'December 31, 1997' in such clause.
''(c) Qualified Capital Gain.--For purposes of this section--
''(1) In general.--Except as otherwise provided in this
subsection, the term 'qualified capital gain' means any gain
recognized on the sale or exchange of--
''(A) a capital asset, or
''(B) property used in the trade or business (as
defined in section 1231(b)).
''(2) Gain before enactment not qualified.--The term
'qualified capital gain' shall not include any gain
attributable to periods before the date of the enactment of
this section.
''(3) Certain rules to apply.--Rules similar to the rules
of paragraphs (3), (4), and (5) of section 1400B(e) shall apply
for purposes of this subsection.
''(d) Specified Detroit Business.--For purposes of this section,
the term 'specified Detroit business' means any enterprise zone
business (as defined in section 1397C), determined--
''(1) without regard to subsections (b)(6) and (c)(5)
thereof,
''(2) by substituting '80 percent' for '50 percent' in
subsections (b)(2) and (c)(1) thereof,
''(3) by treating Detroit, Michigan, as an empowerment zone
(and by treating no area other than Detroit, Michigan, as an
empowerment zone).
''(e) Certain Rules To Apply.--For purposes of this section, rules
similar to the rules of paragraphs (6) and (7) of subsection (b), and
subsections (f) and (g), of section 1400B shall apply; except that for
such purposes section 1400B(g)(2) shall be applied by substituting
'before the date of the enactment of section 1400V' for 'before January
1, 1998, or after December 31, 2014'.
''(f) Regulations.--The Secretary shall prescribe such regulations
as may be appropriate to carry out the purposes of this section,
including regulations to prevent the abuse of the purposes of this
section.''.
(b) Clerical Amendment.--The table of parts for subchapter Y of
chapter 1 of such Code is amended by adding at the end the following
new item:

''Part IV. Certain New Investments in Detroit, Michigan''.

(c) Effective Date.--The amendments made by this section shall
apply to property acquired after the date of the enactment of this Act.
answer:
Detroit Economic Competitiveness Act - Amends the Internal Revenue Code to establish the Detroit Jobs Trust Fund to finance economic development in Detroit, Michigan. Requires the Secretary of the Treasury to make annual distributions from such Fund to the city of Detroit for payment of debt obligations and for job development, public safety, education, and business and public infrastructure. Prohibits any distributions unless the city of Detroit: (1) does not impose an income tax during a period of distribution, (2) has made specified reductions in aggregate property taxes, (3) has used prior distributions as required under this Act, (4) has provided required information to the Comptroller General (GAO), and (5) has implemented a five-year plan describing development goals for Detroit and detailing how distributions from the Trust Fund will be spent. Terminates such Fund five years after enactment of this Act.

Requires GAO to submit annual reports to Congress describing the use of distributions from the Trust Fund, the extent to which progress has been made in meeting the plan's development goals, and Comptroller General recommendations for improving the program established under this Act.

Excludes from gross income capital gain from the sale or exchange of investment property used in trade or business in Detroit.

question:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Federal Response to Energy
Emergencies Act of 2005''.

SEC. 2. UNCONSCIONABLE PRICING OF GASOLINE, OIL, NATURAL GAS, AND
PETROLEUM DISTILLATES DURING EMERGENCIES.

(a) Unconscionable Pricing.--
(1) In general.--During any energy emergency declared by
the President under section 3, it is unlawful for any person to
sell crude oil, gasoline, natural gas, or petroleum distillates
in, or for use in, the area to which that declaration applies
at a price that--
(A) is unconscionably excessive; or
(B) indicates the seller is taking unfair advantage
of the circumstances to increase prices unreasonably.
(2) Factors considered.--In determining whether a violation
of paragraph (1) has occurred, there shall be taken into
account, among other factors, whether--
(A) the amount charged represents a gross disparity
between the price of the crude oil, gasoline, natural
gas, or petroleum distillate sold and the price at
which it was offered for sale in the usual course of
the seller's business immediately prior to the energy
emergency; or
(B) the amount charged grossly exceeds the price at
which the same or similar crude oil, gasoline, natural
gas, or petroleum distillate was readily obtainable by
other purchasers in the area to which the declaration
applies.
(3) Mitigating factors.--In determining whether a violation
of paragraph (1) has occurred, there also shall be taken into
account, among other factors, whether the price at which the
crude oil, gasoline, natural gas, or petroleum distillate was
sold reasonably reflects additional costs, not within the
control of the seller, that were paid or incurred by the
seller.
(b) False Pricing Information.--It is unlawful for any person to
report information related to the wholesale price of crude oil,
gasoline, natural gas, or petroleum distillates to the Federal Trade
Commission if--
(1) that person knew, or reasonably should have known, the
information to be false or misleading;
(2) the information was required by law to be reported; and
(3) the person intended the false or misleading data to
affect data compiled by that department or agency for
statistical or analytical purposes with respect to the market
for crude oil, gasoline, natural gas, or petroleum distillates.
(c) Market Manipulation.--It is unlawful for any person, directly
or indirectly, to use or employ, in connection with the purchase or
sale of crude oil, gasoline, natural gas, or petroleum distillates at
wholesale, any manipulative or deceptive device or contrivance, in
contravention of such rules and regulations as the Federal Trade
Commission may prescribe as necessary or appropriate in the public
interest or for the protection of United States citizens.
(d) Rulemaking.--Not later than 180 days after the date of the
enactment of this Act, the Federal Trade Commission shall promulgate
rules necessary and appropriate to enforce this section.

SEC. 3. DECLARATION OF ENERGY EMERGENCY.

(a) In General.--If the President finds that the health, safety,
welfare, or economic well-being of the citizens of the United States is
at risk because of a shortage or imminent shortage of adequate supplies
of crude oil, gasoline, natural gas, or petroleum distillates due to a
disruption of the national distribution system for crude oil, gasoline,
natural gas, or petroleum distillates (including such a shortage
related to a major disaster (as defined in section 102(2) of the Robert
T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C.
5122))), or significant pricing anomalies in national or regional
energy markets for crude oil, gasoline, natural gas, or petroleum
distillates of a more than transient nature, the President may declare
that a Federal energy emergency exists.
(b) Scope and Duration.--The declaration shall apply to the Nation,
a geographical region, or 1 or more States, as determined by the
President, but may not be in effect for a period of more than 45 days.
(c) Extensions.--The President may--
(1) extend a declaration under subsection (a) for a period
of not more than 45 days; and
(2) extend such a declaration more than once.

SEC. 4. ENFORCEMENT BY THE FEDERAL TRADE COMMISSION.

(a) Enforcement by FTC.--A violation of section 2 shall be treated
as a violation of a rule defining an unfair or deceptive act or
practice prescribed under section 18(a)(1)(B) of the Federal Trade
Commission Act (15 U.S.C. 57a(a)(1)(B)). The Federal Trade Commission
shall enforce this Act in the same manner, by the same means, and with
the same jurisdiction as though all applicable terms and provisions of
the Federal Trade Commission Act were incorporated into and made a part
of this Act. In enforcing section 2(a) of this Act, the Commission
shall give priority to enforcement actions concerning companies with
total United States wholesale or retail sales of crude oil, gasoline,
and petroleum distillates in excess of $500,000,000 per year.
(b) Civil Penalties.--
(1) In general.--Notwithstanding the penalties set forth
under the Federal Trade Commission Act, any person who violates
this Act shall be subject to the following penalties:
(A) Price gouging; unjust profits.--Any person who
violates section 2(a) of this Act shall be subject to--
(i) a fine of not more than 3 times the
amount of profits gained by such person through
such violation; or
(ii) a fine of not more than $3,000,000.
(B) False information; market manipulation.--Any
person who violates section 2(b) or 2(c) of this Act
shall be subject to a civil penalty of not more than
$1,000,000.
(2) Method of assessment.--The penalties provided by
paragraph (1) shall be assessed in the same manner as civil
penalties imposed under section 5 of the Federal Trade
Commission Act (15 U.S.C. 45).
(3) Multiple offenses; mitigating factors.--In assessing
the penalty provided by subsection (a)--
(A) each day of a continuing violation shall be
considered a separate violation; and
(B) the Federal Trade Commission shall take into
consideration the seriousness of the violation and the
efforts of the person committing the violation to
remedy the harm caused by the violation in a timely
manner.

SEC. 5. CRIMINAL PENALTIES.

Any person who violates section 2 or any rule or order issued
thereunder shall be fined under title 18, United States Code--
(1) if a corporation, not to exceed $100,000,000; or
(2) if any other person, not to exceed $1,000,000, or
imprisoned for not more than 10 years, or both.

SEC. 6. ENFORCEMENT AT RETAIL LEVEL BY STATE ATTORNEYS GENERAL.

(a) In General.--A State, as parens patriae, may bring a civil
action on behalf of its residents in an appropriate district court of
the United States to enforce the provisions of section 2(a) of this
Act, or to impose the civil penalties authorized by section 4(b)(1)(B),
whenever the attorney general of the State has reason to believe that
the interests of the residents of the State have been or are being
threatened or adversely affected by a violation of this Act or a
regulation under this Act.
(b) Notice.--The State shall serve written notice to the Federal
Trade Commission of any civil action under subsection (a) prior to
initiating such civil action. The notice shall include a copy of the
complaint to be filed to initiate such civil action, except that if it
is not feasible for the State to provide such prior notice, the State
shall provide such notice immediately upon instituting such civil
action.
(c) Authority to Intervene.--Upon receiving the notice required by
subsection (b), the Federal Trade Commission may intervene in such
civil action and upon intervening--
(1) be heard on all matters arising in such civil action;
and
(2) file petitions for appeal of a decision in such civil
action.
(d) Construction.--For purposes of bringing any civil action under
subsection (a), nothing in this section shall prevent the attorney
general of a State from exercising the powers conferred on the attorney
general by the laws of such State to conduct investigations or to
administer oaths or affirmations or to compel the attendance of
witnesses or the production of documentary and other evidence.
(e) Venue; Service of Process.--In a civil action brought under
subsection (a)--
(1) the venue shall be a judicial district in which--
(A) the defendant operates;
(B) the defendant was authorized to do business; or
(C) where the defendant in the civil action is
found;
(2) process may be served without regard to the territorial
limits of the district or of the State in which the civil
action is instituted; and
(3) a person who participated with the defendant in an
alleged violation that is being litigated in the civil action
may be joined in the civil action without regard to the
residence of the person.
(f) Limitation on State Action While Federal Action Is Pending.--If
the Federal Trade Commission has instituted a civil action or an
administrative action for violation of this Act, no State attorney
general, or official or agency of a State, may bring an action under
this subsection during the pendency of that action against any
defendant named in the complaint of the Federal Trade Commission or the
other agency for any violation of this Act alleged in the complaint.
(g) Enforcement of State Law.--Nothing contained in this section
shall prohibit an authorized State official from proceeding in State
court to enforce a civil or criminal statute of such State.

SEC. 7. LOW INCOME ENERGY ASSISTANCE.

Amounts collected in fines and penalties under sections 4 or 5 of
this Act shall be deposited in a separate fund in the treasury to be
known as the Consumer Relief Trust Fund. To the extent provided for in
advance in appropriations Acts fund shall be used to provide assistance
under the Low Income Home Energy Assistance Program administered by the
Secretary of Health and Human Services.

SEC. 8. EFFECT ON OTHER LAWS.

(a) Other Authority of Federal Trade Commission.--Nothing in this
Act shall be construed to limit or affect in any way the Federal Trade
Commission's authority to bring enforcement actions or take any other
measure under the Federal Trade Commission Act (15 U.S.C. 41 et seq.)
or any other provision of law.
(b) State Law.--Nothing in this Act preempts any State law.

SEC. 9. MARKET TRANSPARENCY FOR CRUDE OIL, GASOLINE, AND PETROLEUM
DISTILLATES.

(a) In General.--The Federal Trade Commission shall facilitate
price transparency in markets for the sale of crude oil and essential
petroleum products at wholesale, having due regard for the public
interest, the integrity of those markets, fair competition, and the
protection of consumers.
(b) Marketplace Transparency.--
(1) Dissemination of information.--In carrying out this
section the Federal Trade Commission shall provide by rule for
the dissemination, on a timely basis, of information about the
availability and prices of wholesale crude oil, gasoline, and
petroleum distillates to the Federal Trade Commission, States,
wholesale buyers and sellers, and the public.
(2) Protection of public from anticompetitive activity.--In
determining the information to be made available under this
section and time to make the information available, the Federal
Trade Commission shall seek to ensure that consumers and
competitive markets are protected from the adverse effects of
potential collusion or other anticompetitive behaviors that can
be facilitated by untimely public disclosure of transaction-
specific information.
(3) Protection of market mechanisms.--The Federal Trade
Commission shall withhold from public disclosure under this
section any information the Commission determines would, if
disclosed, be detrimental to the operation of an effective
market or jeopardize system security.
(c) Information Sources.--
(1) In general.--In carrying out subsection (b), the
Federal Trade Commission may--
(A) obtain information from any market participant;
and
(B) rely on entities other than the Commission to
receive and make public the information, subject to the
disclosure rules in subsection (b)(3).
(2) Published data.--In carrying out this section, the
Federal Trade Commission shall consider the degree of price
transparency provided by existing price publishers and
providers of trade processing services, and shall rely on such
publishers and services to the maximum extent possible.
(3) Electronic information systems.--The Federal Trade
Commission may establish an electronic information system if it
determines that existing price publications are not adequately
providing price discovery or market transparency. Nothing in
this section, however, shall affect any electronic information
filing requirements in effect under this Act as of the date of
enactment of this section.
(4) De minimus exception.--The Federal Trade Commission may
not require entities who have a de minimus market presence to
comply with the reporting requirements of this section.
(d) Cooperation With Other Federal Agencies.--
(1) Memorandum of understanding.--Within 180 days after the
date of enactment of this Act, the Federal Trade Commission
shall conclude a memorandum of understanding with the Commodity
Futures Trading Commission and other appropriate agencies (if
applicable) relating to information sharing, which shall
include provisions--
(A) ensuring that information requests to markets
within the respective jurisdiction of each agency are
properly coordinated to minimize duplicative
information requests; and
(B) regarding the treatment of proprietary trading
information.
(2) CFTC jurisdiction.--Nothing in this section may be
construed to limit or affect the exclusive jurisdiction of the
Commodity Futures Trading Commission under the Commodity
Exchange Act (7 U.S.C. 1 et seq.).
(e) Rulemaking.--Within 180 days after the date of enactment of
this Act, the Federal Trade Commission shall initiate a rulemaking
proceeding to establish such rules as the Commission determines to be
necessary and appropriate to carry out this section.

SEC. 10. REPORT ON UNITED STATES ENERGY EMERGENCY PREPAREDNESS.

(a) Potential Impacts Report.--Within 30 days after the date of
enactment of this Act, the Federal Trade Commission shall transmit to
the Congress a confidential report describing the potential impact on
domestic prices of crude oil, residual fuel oil, and refined petroleum
products that would result from the disruption for periods of 1 week, 1
year, and 5 years, respectively, of not less than--
(1) 30 percent of United States oil production;
(2) 20 percent of United States refinery capacity; and
(3) 5 percent of global oil supplies.
(b) Projections and Possible Remedies.--The President shall include
in the report--
(1) projections of the impact any such disruptions would be
likely to have on the United States economy; and
(2) detailed and prioritized recommendations for remedies
under each scenario covered by the report.

SEC. 11. PROTECTIVE ACTION TO PREVENT FUTURE DISRUPTIONS OF SUPPLY.

The Secretary of Energy and the Energy Information Administration
shall review expenditures by, and activities undertaken by, companies
with total United States wholesale or retail sales of crude oil,
gasoline, and petroleum distillates in excess of $500,000,000 per year
to protect the energy supply system from terrorist attacks,
international supply disruptions, and natural disasters, and ensure a
stable and reasonably priced supply of such products to consumers in
the United States, and, not later than 180 days after the date of the
enactment of this title, shall transmit a report of their findings to
Congress. Such report shall include an assessment of the companies'
preparations for the forecasted period of more frequent and more
intense hurricane activity in the Gulf of Mexico and other vulnerable
coastal areas.

SEC. 12. AUTHORIZATION OF APPROPRIATIONS.

There are authorized to be appropriated such sums as may be
necessary to carry out the provisions of this Act.
answer:
Federal Response to Energy Emergencies Act of 2005 - Declares unlawful: (1) unconscionable pricing of gasoline, oil, natural gas, and petroleum distillates during emergencies; (2) intentional reporting of false price information concerning wholesale prices of such products; and (3) market manipulation regarding the purchase or sale at wholesale of such products.

Authorizes the President to declare a federal energy emergency upon finding that the national health, safety, welfare, or economic well-being is at risk because of an actual or imminent shortage of such products due to a disruption of the national distribution system, or significant pricing anomalies in national or regional energy markets for the products.

Empowers the Federal Trade Commission (FTC) and State Attorneys General to enforce this Act.

Sets forth civil and criminal penalties for violations of this Act.

Requires fines and penalties collected under this Act to be deposited in a separate fund in the treasury to be known as the Consumer Relief Trust Fund to provide assistance under the Low Income Home Energy Assistance Program.

Directs the FTC to facilitate price transparency in wholesale markets for the sale of crude oil and essential petroleum products.

Instructs the FTC to transmit a confidential report to Congress on the potential impact on domestic prices of crude oil, residual fuel oil, and refined petroleum products that would result from the disruption for periods of one week, one year, and five years, respectively.

Directs the Secretary of Energy and the Energy Information Administration to review and report to Congress on expenditures and activities undertaken by certain size companies to protect the energy supply system from terrorist attacks, international supply disruptions, and natural disasters, and ensure a stable and reasonably priced supply of such products to consumers in the United States.

Requires such report to assess the companies' preparations for the forecasted period of more frequent and more intense hurricane activity in the Gulf of Mexico and other vulnerable coastal areas.

question:
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Lower Connecticut River Partnership
Act''.

SEC. 2. FINDINGS AND PURPOSE.

(a) Findings.--Congress finds the following:
(1) The Connecticut River watershed in the States of
Connecticut and Massachusetts is a scenic region of cities and
historic villages located in an internationally and nationally
significant landscape of working farms, verdant forests,
mountains, and broad fertile floodplains of New England's
longest river, the Connecticut River.
(2) The Connecticut River and its tributaries provide
outstanding fish and wildlife habitat, recreation, and
hydropower generation for the New England region.
(3) The Connecticut River watershed has been recognized by
Congress as part of the Silvio O. Conte National Fish and
Wildlife Refuge, established by the Silvio O. Conte National
Fish and Wildlife Refuge Act (16 U.S.C. 668dd note; Public Law
102-212).
(4) The demonstrated interest in stewardship of the River
by the citizens living in the watershed led to the Presidential
designation of the River as one of 14 American Heritage Rivers
on July 30, 1998.
(5) Where management of the River involves partnership with
local communities and organizations, support for the
partnership should be provided by the Secretary.
(b) Purpose.--The purpose of this Act is to authorize the Secretary
to provide to the States of Connecticut and Massachusetts technical and
financial assistance for management of the River and the River
watershed.

SEC. 3. DEFINITIONS.

For the purpose of this Act, the following definitions apply:
(1) River.--The term ''River'' means the Connecticut River.
(2) Secretary.--The term ''Secretary'' means the Secretary
of the Interior.
(3) State.--The term ''State'' means--
(A) the State of Connecticut; or
(B) the State of Massachusetts.

SEC. 4. ASSISTANCE FOR STATES.

(a) In General.--The Secretary may provide to the States technical
and financial assistance in managing the River and the River watershed
in cooperation and collaboration with conservation organizations and
regional planning agencies in the watershed, including assistance for
the following:
(1) Developing policies for water quality, flow management,
and recreational boating for the River.
(2) Developing protection plans for water quality in the
tributaries that flow into the River.
(3) Developing a coordinated, collaborative approach on the
part of the States for monitoring the quality of the River for
human use and ecological health.
(4) Restoring and protecting priority riverbanks to improve
water quality and aquatic and riparian habitat.
(5) Encouraging and assisting communities, farmers,
conservation organizations, and riverfront landowners in--
(A) establishing and protecting riparian buffers;
and
(B) preventing nonpoint source pollution.
(6) Encouraging and assisting communities in--
(A) protecting shoreland, wetland, and flood
plains; and
(B) managing and treating stormwater runoff.
(7) In cooperation with dam owners--
(A) evaluating the decommissioning of uneconomic
dams in the watershed; and
(B) restoring natural riverine habitat.
(8) Protecting and restoring the habitat of native trout,
anadromous fisheries, and other outstanding fish and wildlife
resources.
(9) Encouraging new and improved markets for local
agricultural products.
(10) Encouraging the protection of farmland and
economically sustainable agriculture.
(11) Developing and promoting locally planned, approved,
and managed networks of heritage trails and water trails.
(12) Coordinating and fostering opportunities for heritage
tourism and agritourism.
(13) Demonstrating economic development based on heritage
tourism.
(14) Supporting local stewardship.
(15) Strengthening nonregulatory protection of heritage
resources.
(16) Encouraging public access to the River from towns and
cities in the Valley.
(17) Establishing indicators of sustainability.
(18) Monitoring the impact of increased tourism and
recreational use on natural and historic resources.
(b) Administrative Costs.--Not more than 10 percent of the funds
made available to any State under this Act may be used for
administrative costs.
(c) Coordination With Other Entities.--The Secretary shall
encourage States receiving assistance under this Act to work in
coordination with units of local government and nonprofit organizations
when carrying out activities listed in subsection (a).
answer:
Lower Connecticut River Partnership Act - Authorizes the Secretary of the Interior to provide technical and financial assistance to the States of Connecticut and Massachusetts for management of the Connecticut River and the River's watershed.