A bill to abolish the United States Synthetic Fuels Corporation, and for other purposes.

Abolishes the United States Synthetic Fuels Corporation 90 days after enactment of this Act. Requires the transfer to the Secretary of Energy of any legally binding commitments of the Corporation remaining upon the Corporation's abolition. Sets forth specified amounts of funds which shall be retained in the Energy Security Reserve until expended or no longer needed for: (1) legally binding commitments which the Corporation enters into before the date of the enactment of this Act; (2) administrative expenses of the Corporation during the 90-day period following the enactment of this Act and of the Secretary with respect to responsibilities transferred to him or her under this Act; and (3) obligations made before February 8, 1982, by the Secretary with respect to projects funded under the Defense Production Act of 1950 or under the Federal Nonnuclear Energy Research and Development Act of 1974. Requires that any remaining funds in the Energy Security Reserve be deposited upon enactment of this Act into the Treasury as miscellaneous receipts. Repeals the United States Synthetic Fuels Corporation Act of 1980.