3.0.0 1556 2023-01-11T13:22:17Z 2023-01-11T13:22:17Z Senate S S 2011-09-14 112 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2011-09-14T18:00:39Z FARE Act of 2011 112 3331 HR 2011-11-10 Referred to the Subcommittee on Energy and Environment. Related bill CRS 2011-09-14 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2011-09-14 Introduced in Senate IntroReferral 10000 9 Library of Congress V000127 Sen. Vitter, David [R-LA] David Vitter R LA N J000293 Sen. Johnson, Ron [R-WI] Ron Johnson R WI 2011-09-14 True L000577 Sen. Lee, Mike [R-UT] Mike Lee R UT 2011-09-20 False Energy Accounting and auditing Alternative and renewable resources Asia Business ethics Business investment and capital Business records China Congressional oversight Department of Energy Energy research Executive agency funding and structure Fraud offenses and financial crimes Government information and archives Government lending and loan guarantees Government studies and investigations Energy 00 2011-09-14 Introduced in Senate 2011-12-13T22:37:15Z Federal Accounting of Renewable Energy Act of 2011 or FARE Act of 2011 - Requires the head of each federal agency to submit to Congress an accounting for all FY2009-FY2011 financial support (including grants, loans, loan guarantees, and direct payments) made by the agency to promote the production or use of renewable energy.

Directs the agencies to include in such accounting: (1) a list of the projects that directly led to the production or use of renewable energy; (2) the quantity of renewable energy or products on the market as a direct result of such support and the gross sales of the recipient company during a recent fiscal year; and (3) the total quantity of financial support, the number of jobs created, and the average cost to the recipient company of each full-time job created.

Requires, for each project, a full accounting of: (1) the employment, sales, and revenue targets submitted by each recipient company before receiving support and a list of the companies that substantially failed to meet targets; (2) a list of all recipient companies that received support but are no longer in operation or have moved any portion of their operations to China; and (3) a list of all venture capital firms involved in submitting the proposal for awarded support.

Directs the Inspector General of an agency that provided support to a company that is no longer in existence, or is unlikely to achieve substantially the purpose of the support, to conduct a preliminary investigation of the documents submitted by the company to determine whether fraud was committed in obtaining such support.

Requires the Inspector General of the Department of Energy (DOE) to submit to Congress a list of the recipient company executives who: (1) received financial support from the National Renewable Energy Laboratory during any of calendar years 2009-2011, and (2) had an immediate family member who was employed by the Laboratory as of the date of receipt of the financial support.

]]> Federal Accounting of Renewable Energy Act of 2011 Display Title Federal Accounting of Renewable Energy Act of 2011 Official Title as Introduced A bill to require an accounting for financial support made to promote the production or use of renewable energy, and for other purposes. Introduced in Senate IS Short Titles as Introduced Federal Accounting of Renewable Energy Act of 2011 Short Titles as Introduced FARE Act of 2011 Introduced in Senate 2011-09-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1556is/xml/BILLS-112s1556is.xml 2011-09-14 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. 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.