Sens. Aim To Extend Fuel Contracts, Budget Process

Law360, New York (January 28, 2011, 5:49 PM EST) -- A bipartisan group of U.S. senators has introduced two separate bills to double the length of the military's domestically produced energy contracts and the length of the federal budget process.

Sens. Max Baucus, D-Mont., and Jon Tester, D-Mont., on Thursday introduced the American Security and Freedom Fuels Act of 2011, S. 212, which would allow the U.S. Department of Defense to contract for fuel produced in the U.S. for up to 10 years, an increase from the current five-year limit.

The 10-year contracts would increase demand...
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