H.R. 6 would reduce our Nation's dependency on foreign oil by investing in clean, renewable, and alternative energy resources, promoting new emerging energy technologies, developing greater efficiency, and creating a Strategic Energy Efficiency and Renewables Reserve to invest in alternative energy.

== Detailed Summary ==


<summary>
Creating Long-Term Energy Alternatives for the Nation Act of 2007, or the CLEAN Energy Act of 2007 - '''Title I: Denial of Oil and Gas Tax Benefits''' - Ending Subsidies for Big Oil Act of 2007 - Amends the Internal Revenue Code of 1986 with respect to the deduction from gross income of any income attributable to domestic production activities. Excludes from domestic production gross receipts those derived from the sale, exchange, or other disposition of oil, natural gas, or any related primary product. (Thus denies a deduction for income attributable to domestic production of oil, natural gas, or their related primary products.)<br>

(Sec. 103) Increases from five to seven years the amortization schedule for geological and geophysical expenditures for certain major integrated oil companies.

'''Title II: Royalties Under Offshore Oil and Gas Leases''' - Royalty Relief for American Consumers Act of 2007 - (Sec. 202) Instructs the Secretary of the Interior to agree to any lessee request to amend any lease issued for any Central and Western Gulf of Mexico (Gulf) tract during 1998 and 1999 to incorporate specified price thresholds applicable to royalty suspension provisions.

(Sec. 203) Reaffirms the authority of the Secretary to vary, based on the price of production from a lease, the suspension of royalties under specified leases on the Outer Continental Shelf.

(Sec. 204) Cites conditions for the issuance of new leases authorizing oil or natural gas production in the Gulf. Requires lessees to have: (1) renegotiated each covered lease to modify payment responsibilities to include price thresholds equal to or less than specified price thresholds; or (2) paid all conservation of resources fees or agreed to pay them. Applies the same conditions to the transfer to any such lessee (or any other person with an interest in a lease) of any other covered lease, the economic benefit of such a lease, or any other lease for the production of oil or natural gas in the Gulf.

Instructs the Secretary to establish conservation of resources fees for both producing and nonproducing federal oil and gas leases in the Gulf.



(Sec. 205) Amends the Energy Policy Act of 2005 to repeal: (1) specified incentives for natural gas production from deep wells in shallow waters of the Gulf; (2) royalty relief for deep water production in the Gulf; and (3) the prohibition on cost recovery fees for drilling-related permit application during the Federal Permit Streamlining Pilot Project.

Amends the Outer Continental Shelf Lands Act to remove the Planning Areas Offshore Alaska from the list of areas for which the Secretary is authorized to reduce or eliminate any royalty or net profit share set forth in the pertinent lease.

Amends the Naval Petroleum Reserves Production Act of 1976 to repeal provisions governing oil and gas leasing in the National Petroleum Reserve in Alaska regarding: (1) renewal of competitive oil and gas leases, with or without discoveries; and (2) waiver, suspension, or reduction of rental fees or royalties on leaseholds as exploration incentives.

'''Title III: Strategic Energy Efficiency And Renewables Reserve - ('''Sec. 301) Establishes the Strategic Energy Efficiency and Renewables Reserve to hold federal receipts acquired as a result of the enactment of this Act.

Makes the Reserve available to offset the costs of subsequent legislation to: (1) accelerate the use of clean domestic renewable energy resources and alternative fuels; (2) promote the utilization of energy-efficient products and practices and conservation; and (3) increase research, development, and deployment of clean renewable energy and efficiency technologies.

Sets forth procedures for adjustments to discretionary spending limits, allocations, and budget aggregates under the appropriate concurrent resolution on the budget in the event that legislation provides funding for the Reserve in excess of amounts provided for FY2007 purposes.
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== Status of the Legislation ==


<status>
Latest Major Action: 6/19/2007:6/20/2007: Senate floor actions. Status: Cloture motion on the bill presented inConsidered by Senate.
</status>
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== Points in Favor ==

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== Points Against ==

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