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Shown Here: Introduced in House (06/26/2007)
110th CONGRESS 1st Session
H. R. 2867
To authorize the Secretary of Energy to establish a
program for making prizes for advanced or transformational technologies for the
production, consumption, and distribution of nonpetroleum-based alternative
energy and energy efficiency.
IN THE HOUSE OF REPRESENTATIVES
June 26, 2007
Mr. McHenry
introduced the following bill; which was referred to the
Committee on Science and
Technology
A BILL
To authorize the Secretary of Energy to establish a
program for making prizes for advanced or transformational technologies for the
production, consumption, and distribution of nonpetroleum-based alternative
energy and energy efficiency.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.Short title.
This Act may be cited as the
“Independence Prize Act of
2007”.
SEC. 2. Findings.
The Congress finds that—
(1) it is critical to eliminate the United
States' dependence on foreign sources of oil;
(2) the United States
imports 58 percent of the total oil requirements of the United States, 41
percent of which comes from countries belonging to the Organization of
Petroleum Exporting Countries, including Iran, Venezuela, and Libya; and
(3) American taxpayers
have funded over $20,000,000,000 of research and development in the areas of
energy and renewable energy programs, nuclear energy, and science in the last 5
fiscal years.
SEC. 3.Establishment of
program.
The Secretary of
Energy shall establish a program for awarding prizes to United States' entities
for research, development, and commercialization of advanced or
transformational technologies for the production, consumption, and distribution
of nonpetroleum-based alternative energy and energy efficiency, with the goal
of eliminating the United States' reliance on foreign sources of energy.
SEC. 4. Prize competition
guidelines.
The Secretary, in
consultation with the advisory committee established under section 5, shall
publish guidelines for advertising prize competitions and their results,
determining the amount of each prize, selecting the winners of prize
competitions, and otherwise administering prize competitions under this
Act.
SEC. 5. Advisory
committee.
(a) In
general.—The Secretary shall
establish an advisory committee, consisting of experts on the subjects for
which prizes may be awarded under this Act. The advisory committee shall advise
the Secretary on designing the program, establishing the guidelines required
under section 4, selecting the winners of prize competitions, and otherwise
administering this Act.
(b) Limitations.—Members
of the advisory committee may not—
(1) have personal or
financial interests in, or be an employee, officer, director, or agent of, any
entity that is a participant in a prize competition under this Act; or
(2) have a familial or
financial relationship with an individual who is a participant in a prize
competition under this Act.
SEC. 6. Disclosure of
information.
The Secretary
shall design the program under this Act to prevent the unauthorized use or
disclosure of a prize competition participant’s intellectual property, trade
secrets, and confidential business information.
SEC. 7. Funding.
There are authorized to be appropriated to
the Secretary for carrying out this Act $250,000,000 for each of the fiscal
years 2008 through 2011.