,,ii  #aai? ,,congress  #a/ ,session    
,s4 #afh  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #ba1 #bjbe,mr4 
,s*mitt introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,en]gy & ,natural ,res\rces  ,a ,,bill  
,to e/abli% a debt r$uction fund to     
r$uce ! national debt ( ! ,unit$ ,/ates1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,en]gy = ,am]ica's
 ,economic ,future ,act4  #b4 ,debt     
r$uction fund  7a7 ,def9itions ,9 ?is   
,act3 7#a7 ,fund ,! t]m ,fund means !   
,debt ,r$uction ,fund e/abli%$ by       
subsection 7b74  7#b7 ,secret>y ,! t]m  
,secret>y means ! ,secret>y ( !         
,treasury4  7#c7 ,total rev5ue ,! t]m   
total rev5ue means all bonus bid am\nts 
collect$ at ! "t ( an oil or gas lease  
sale1 z well z royalties1 r5tal paym5ts1
 & fees accru$ ov] ! life ( ! lease1 t 7
 disburs$ to ! ,treasury ( ! ,unit$     
,/ates z miscellane\s receipts4  7b7    
,e/abli%m5t ,!re is e/abli%$ 9 !        
,treasury ( ! ,unit$ ,/ates a fund1 to  

be kn[n z ! ,debt ,r$uction ,fund4  7c7 
,deposits ,not)/&+ any o!r provision (  
law1 effective beg9n+ on ! date t is    
#ajj days aft] ! date ( enactm5t ( ?is  
,act1 !re %all be deposit$ into ! ,fund 
= ea* fiscal qu>t]-- 7#a7 an am\nt equal
 to #be p]c5t ( ! total rev5ue g5]at$ by
 ea* on%ore & (f%ore ,f$]al oil & gas   
lease sale conduct$ "u ! ,m9]al ,leas+  
,act 7#cj ,u4,s4,c4 #aha et seq471 !    
,act ( ,augu/ #g1 #aidg 7commonly kn[n z
 ! ,m9]al ,leas+ ,act = ,acquir$ ,l&s7  
7#cj ,u4,s4,c4 #cea et seq471 or ! ,out]
 ,cont95tal ,%elf ,l&s ,act 7#dc        
,u4,s4,c4 #acca et seq471 z applicable1 
dur+ ! prec$+ fiscal qu>t]2 &  7#b7 an  
am\nt equal to #be p]c5t ( ! total      
rev5ue g5]at$ by activities associat$ ) 
! ,executive ,ord] #adada 7#ij ,f$4     
,reg4 #edfi2 relat+ to advanc+ ,unit$   
,/ates lead]%ip 9 artificial intellig5ce
 infra/ructure74  7d7 ,use  7#a7 ,9     
g5]al ,subject to p>agraph 7#b71 any    
am\nts deposit$ into ! ,fund %all be us$
 solely to r$uce ! pr9cipal ( ! ,f$]al  

debt4  7#b7 ,treasury securities ,n lat]
 ?an ! la/ day ( ea* fiscal qu>t]1 !    
,secret>y %all apply all am\nts deposit$
 into ! ,fund solely t[>ds r$uction (   
out/&+ ,treasury securities held by !   
public1 or o!r debt in/rum5ts4  7e7     
,report ,n lat] ?an #a ye> aft] ! date (
 enactm5t ( ?is ,act1 & qu>t]ly !reaft]1
 ! ,secret>y %all submit to ,congress a 
report detail+ ! am\nts deposit$ into ! 
,fund t 7 appli$ 9 accordance )         
subsection 7d7 dur+ ! p]iod cov]$ by !  
report1 specify+-- 7#a7 ! ,treasury     
securities or o!r debt in/rum5ts r$eem$2
 &  7#b7 ! associat$ r$uction 9 total   
,f$]al debt4