1421 LONGWORTH BLDG.
633 COURT STREET
READING. PA 19601
303 CORE STATES
101 N. CENTRE STREET
POTTSVILLE. PA 17901
CONGRESS OF THE UNITED STATES
HOUSE OF REPRESENTATIVES
RESEARCH AND FORESTRY
PUBLIC BUILDINGS AND
SUPPORT DOMESTIC ENERGY SECURITY!
Coal is the largest domestic source of energy produced in the United States. Current estimates
demonstrate a 250-300 year coal resource base in the U.S. The U.S. has more coal than the
rest of the world has recoverable oil. Therefore, it is important that we invest in developing
technologies that will allow Americans to continue benefiting from this abundant, secure, and
affordable fuel source--without compromising the environment.
H.R.2175, the Foreign Oil Displacement Act, seeks to provide financial tax incentives for the
liquefaction of coal, and coal byproducts, into liquid fuel. Capital investment statutes for
liquefaction facilities are $300 million. Specifically, the bill would provide a 28 percent Investment
Tax Credit and exemption from the Fuels Excise Tax for liquefied coal, a benefit already enjoyed
by the ethanol industry. This proposal would provide the economic incentives for the significant
investment necessary to make the liquefaction of coal viable.
The liquefaction of coal would have important economic and environmental benefits.
Economically, it would provide a realistic alternative to our national dependence on foreign oil.
Environmentally, it would provide the means to use waste coal, which is present in many
coal-producing regions of the U.S.
If you have questions, or would like to sign on as a cosponsor, contact Cameron Taylor of my
staff at 225-5546.
Member of Congress