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American Power Act (formerly Cap and Trade)

American Power Act (formerly Cap and Trade)

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Published by Brooks Bayne

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Published by: Brooks Bayne on May 12, 2010
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06/07/2010

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END10540.xml [file 1 of 7] S.L.C.
DISCUSSION DRAFT
111
TH
CONGRESS2
D
S
ESSION
 
S.
 ll 
To secure the energy future of the United States, to provide incentivesfor the domestic production of clean energy technology, to achieve mean-ingful pollution reductions, to create jobs, and for other purposes.
IN THE SENATE OF THE UNITED STATES
 llllllllll  llllllllll 
introduced the following bill; which was read twiceand referred to the Committee on
 llllllllll 
A BILL
To secure the energy future of the United States, to provideincentives for the domestic production of clean energy technology, to achieve meaningful pollution reductions,to create jobs, and for other purposes.
 Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
3
(a) S
HORT
T
ITLE
.—This Act may be cited as the
4
‘‘American Power Act’’.
5
(b) T
 ABLE OF
C
ONTENTS
.—The table of contents of 
6
this Act is as follows:
7
 
2
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END
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END10540.xml [file 1 of 7] S.L.C.Sec.1.Short title; table of contents.Sec.2.Findings.Sec.3.Definitions.TITLE I—DOMESTIC CLEAN ENERGY DEVELOPMENTSubtitle A—Nuclear PowerSec.1001.Statement of policy.PART I—E
NCOURAGING
D
OMESTIC
N
UCLEAR
P
OWER
G
ENERATION
 Sec.1101.Improvements regarding efficiency of regulatory process.Sec.1102.Title 17 innovative technology loan guarantee program.Sec.1103.Standby support for certain nuclear plant delays.Sec.1104.Spent fuel recycling research and development center of excellence.Sec.1105.Permits and licenses; hearings and judicial review; adjudicatory hearing.Sec.1106.Continuation of service.Sec.1107.Nuclear energy research initiative.Sec.1108.Inspections, tests, analyses and acceptance criteria.Sec.1109.Environmental reviews for nuclear energy projects.PART II—E
 XTENSION OF
D
UTY
S
USPENSION FOR
C
ERTAIN
N
UCLEAR
 P
 ARTS
 Sec.1111.Suspension of duty on certain components used in nuclear facilities.PART III—T
 AX 
P
ROVISIONS
 Sec.1121.5-year accelerated depreciation period for new nuclear power plants.Sec.1122.Investment tax credit for nuclear power facilities.‘‘Sec.48E.Nuclear power facility construction credit.Sec.1123.Inclusion of nuclear power facilities in qualifying advanced energy project credit.Sec.1124.Modification of credit for production from advanced nuclear powerfacilities.Sec.1125.Treatment of qualified public entities with respect to private activity  bonds.Sec.1126.Grants for qualified nuclear power facility expenditures in lieu of tax credits.Subtitle B—Offshore Oil and GasSec.1201.Findings and purposes.Sec.1202.Revenue sharing from outer Continental Shelf areas in certaincoastal States.Sec.1203.Revenue sharing from areas in Alaska Adjacent zone.Sec.1204.Reservation of lands and rights.Sec.1205.Impact studies.Subtitle C—CoalPART I—N
 ATIONAL
S
TRATEGY FOR
C
 ARBON
C
 APTURE AND
S
EQUESTRATION
 Sec.1401.National strategy.Sec.1402.Studies and reports.
 
3
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END
 \ 
END10540.xml [file 1 of 7] S.L.C.PART II—C
 ARBON
C
 APTURE AND
S
EQUESTRATION
D
EPLOYMENT
 Sec.1411.Definitions.Sec.1412.Special funding program for development and deployment of carboncapture, sequestration, and conversion technologies.Sec.1413.Carbon Capture and Sequestration Program Partnership Council.Sec.1414.Functions and administration of the special funding program.Sec.1415.Assessments and funding.Sec.1416.ERCOT.Sec.1417.Determination of fossil fuel-based electricity deliveries.Sec.1418.Compliance with assessments.Sec.1419.Midcourse review.Sec.1420.Recovery of costs.PART III—C
OMMERCIAL
D
EPLOYMENT OF
C
 ARBON
C
 APTURE AND
 S
EQUESTRATION
T
ECHNOLOGIES
 Sec.1431.Commercial deployment of carbon capture and permanent sequestra-tion technologies.‘‘Sec.794.Commercial deployment of carbon capture and permanent se-questration technologies.Sec.1432.Carbon capture and sequestration deployment studies.‘‘Sec.789.Carbon capture and sequestration deployment studies.PART IV—P
ERFORMANCE
S
TANDARDS
 Sec.1441.Performance standards for coal-fired power plants.‘‘TITLE VIII—GREENHOUSE GAS STANDARDS‘‘Sec.800.Definitions.‘‘Sec.801.Performance standards for new coal-fired power plants.‘‘Sec.802.Coal-fueled fleet transition program.Subtitle D—Renewable Energy and Energy Efficiency Sec.1601.Renewable energy and energy efficiency.Sec.1602.Rural energy savings program.‘‘Sec.366.Rural energy savings program.Sec.1603.Support of State renewable energy and energy efficiency programs.Sec.1604.Voluntary renewable energy markets.Subtitle E—Clean TransportationPART I—E
LECTRIC
 V 
EHICLE
I
NFRASTRUCTURE
 Sec.1701.National transportation low-emission energy plan; pilot program.PART II—T
RANSPORTATION
E
FFICIENCY
 Sec.1711.Greenhouse gas emission reductions through transportation effi-ciency.‘‘Sec.803.Greenhouse gas emission reductions through transportation ef-ficiency.Sec.1712.Investing in transportation greenhouse gas emission reduction pro-grams.PART III—H
IGHWAY
T
RUST
F
UND