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Highlights

Legislation is proposed which would create a Government corporation to establish and administer a national program for the exploration and development of energy mineral deposits. The bill proposes to accelerate the development of domestic energy sources, particularly synthetic fuels, through the formation of a Government corporation. Two issues are essential to provide both the decisive action and balanced program the Nation needs: (1) synthetic fuels to provide liquid fuels and feedstocks for the medium- to long-term, and (2) conservation both now and for the future.

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