3.0.0 807 2023-01-11T13:19:24Z 2023-01-11T13:19:24Z Senate S S 2009-04-02 111 ssfi00 Finance Committee Senate Standing Referred to 2009-04-02T23:45:33Z 2009-04-02 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2009-04-02 Introduced in Senate IntroReferral 10000 9 Library of Congress N000180 Sen. Nelson, Ben [D-NE] E. Nelson D NE Benjamin N Energy Administrative law and regulatory procedures Advanced technology and technological innovations Advisory bodies Alternative and renewable resources Business investment and capital Climate change and greenhouse gases Commodities markets Commodity Futures Trading Commission Competitiveness, trade promotion, trade deficits Department of Labor Electric power generation and transmission Employment and training programs Energy efficiency and conservation Energy research Energy revenues and royalties Energy storage, supplies, demand Environmental assessment, monitoring, research Government buildings, facilities, and property Government employee pay, benefits, personnel management Government information and archives Government lending and loan guarantees Government studies and investigations Government trust funds Gulf of Mexico Income tax credits Income tax deductions Land use and conservation Manufacturing Marine and coastal resources, fisheries Motor fuels Nuclear Regulatory Commission (NRC) Nuclear power Oil and gas Sales and excise taxes Solid waste and recycling Urban and suburban affairs and development Energy 00 2009-04-02 Introduced in Senate 2009-06-23T15:37:42Z Sound Management of America's Resources and Technologies for Energy Act of 2009 or the SMART Energy Act - Amends the Federal Power Act to: (1) provide for investment in and construction of an interstate Energy Superhighway administered by the Federal Energy Regulatory Commission (FERC); (2) authorize recovery of costs associated with incremental transfer capabilities to facilitate renewable energy development; and (3) revise the coordination of federal authorizations for interstate electric transmission facilities.

Amends the Internal Revenue Code to: (1) impose an excise tax on crude oil or natural gas removed from the Outer Continental Shelf and establish in the Treasury the Energy Security Trust Fund to hold and expend revenues from such tax; (2) allow a new tax credit for production of biogas and syngas from renewable feedstocks; (3) allow a new tax credit through 2011 for the purchase of certain fuel-efficient motor vehicles; (4) increase the national megawatt capacity limitation for the tax credit for energy production from advanced nuclear power facilities; and (5) allow accelerated depreciation of facilities placed in service before 2021 that use nuclear power to produce electricity.

Amends the Clean Air Act to: (1) define "renewable biomass"; and (2) require the Administrator of the Environmental Protection Agency (EPA) to provide grants to create a biofuels infrastructure.

Amends the Energy Independence and Security Act of 2007 to: (1) allow loan guarantees for new renewable energy pipelines; (2) establish in the Treasury the Biofuels Revolving Loan Fund to make loans for biofuels production; and (3) allow grants for smart grid technologies and functions.

Requires the Secretary of Energy to establish a program for research and development of lightweight materials to increase the fuel efficiency of motor vehicles.

Amends the Energy Policy Act of 1992 to require the Secretary to promulgate regulations for the reduction of gasoline consumption by federal agency motor vehicle fleets.

Requires the EPA Administrator to promote smart growth development programs to provide communities with a range of transportation, housing, and employment choices.

Amends the Outer Continental Shelf Lands Act to: (1) require all oil and natural gas produced on the Outer Continental Shelf to be made available for refining and sale solely within the United States; and (2) establish a Special Commission on Offshore Oil and Gas Leasing.

Amends the Energy Policy Act of 2005 to require the Secretary to: (1) identify the most prospective areas for recoverable oil and natural gas accumulations for industry exploitation; and (2) require monitoring of workforce trends in the nuclear utility and energy product and service industries.

Requires the Secretary of the Interior to impose an annual production incentive fee on lessees of federal land whose oil or natural gas production does not meet certain levels.

Expresses the sense of the Senate that the Chairman of the Nuclear Regulatory Commission (NRC) should continue to complete the design certificate phase for scalable, modular light-water nuclear reactors and electric plants.

Authorizes appropriations to the NRC to hire additional personnel to expedite the processing of applications for new nuclear plants and to streamline the licensing process.

Establishes an interagency working group to promote increased domestic manufacturing and export of nuclear energy products and services.

Directs the Secretary of Energy to begin construction of a spent fuel recycling research and development facility and to conduct research and development activities to reduce nuclear waste.

Amends the Commodity Exchange Act to: (1) define "energy commodity"; (2) prohibit the Commodity Futures Trading Commission (CFTC) from permitting a foreign board of trade to provide its members (or other participants subject to CFTC jurisdiction) direct access to its electronic trading and order matching system, unless specified requirements are met; (3) require the CFTC to disaggregate and make public monthly the number of positions and total value of index funds and other passive, long-only positions in energy and agricultural markets; (4) require the CFTC to issue a notice of proposed rulemaking to define and classify index traders and swap dealers and specify data reporting requirements; (5) impose new recordkeeping and reporting requirements on commodity traders; (6) establish position limits for energy and agricultural commodities and advisory groups for trading in such commodities; (7) require the CFTC to appoint additional enforcement employees; (8) establish an Office of the Inspector General in the CFTC; (9) require the CFTC to conduct a study to deter and prevent price manipulation and excessive speculation for physical-based commodities; and (10) require periodic reporting of large over-the-counter transactions of agricultural or energy commodities.

Requires the Comptroller General to study and report to Congress on: (1) the international regime for regulating the trading of energy commodity futures and derivatives; and (2) the effects of speculators on agriculture and energy futures markets and agriculture and energy prices.

Establishes in the legislative branch the National Commission on Energy Policy and Global Climate Change to advise and assist Congress in developing a comprehensive energy policy.

]]> SMART Energy Act Display Title SMART Energy Act Official Title as Introduced A bill to reduce fuel prices and improve national energy security by increasing domestic supply, reducing excessive speculation in the markets, and promoting long-term security through alternative energy sources, and for other purposes. Introduced in Senate IS Short Titles as Introduced SMART Energy Act Short Titles as Introduced Sound Management of America's Resources and Technologies for Energy Act of 2009 Introduced in Senate 2009-04-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s807is/xml/BILLS-111s807is.xml 2009-04-02 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.