S. 2984 · 109th Congress
FILL UP Act
- Stage
- In committee
- Sponsor
- Barack Obama
- Introduced
- 2006-05-23
- Latest action
- 2006-05-23 · Introduced in Senate
Summary
Future Investment to Lessen Long-term Use of Petroleum Act, or the FILL UP Act - Sets forth investment requirements for a company that: (1) produces, refines, distributes, or sells petroleum products in the United States; and (2) reported at least $1 billion in net income, for all domestic and international operations, to the Securities and Exchange Commission (SEC) for the first quarter of 2006.
Requires each such company to expend not less than 1% of its total reported profits for the first quarter of 2006 to install infrastructure to dispense E-85 fuel or other alternative fuels at domestic gasoline service stations.
Sets a three-year deadline to complete installation of such infrastructure.
Directs the Secretary of Energy to ensure compliance with this Act.