110 HR 6161 IH: American-Made Energy and
U.S. House of Representatives
2008-05-22
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.
1.Short title; table of
contents
(a)This Act may be cited
as the American Energy Independence
Act
.
(b)The table of contents for this Act is as follows:
Sec. 1. Short title; table of contents.
Title I—Passenger automobile replacement credit
Sec. 101. Passenger automobile replacement credit.
Title II—Energy efficient server computer credit
Sec. 201. Energy efficient server computer credit.
Title III—Loan Guarantees for Advanced Conservation and Fuel
Efficiency Motor Vehicle Technology Projects
Sec. 301. Authority.
Sec. 302. Amount.
Title IV—Transportation Technology
Sec. 401. Addition to CMAQ-eligible projects.
Title V—Coal-to-Liquid Aviation Fuel
Sec. 501. Aviation fuel produced from clean coal and
alternative and unconventional domestic feedstocks for civilian and military
aircraft.
Title VI—NUCLEAR ENERGY
Sec. 601. Incentives for innovative technologies.
Sec. 602. Standby support for certain nuclear plant
delays.
Sec. 603. Authorization for nuclear power 2010
program.
Sec. 604. Domestic manufacturing base for nuclear components
and equipment.
Sec. 605. Nuclear energy workforce.
Sec. 606. Licensing of new nuclear power plants.
Sec. 607. Investment tax credit for investments in nuclear
power facilities.
Sec. 608. National Nuclear Energy Council.
Sec. 609. Temporary spent nuclear fuel storage
agreements.
Sec. 610. Implementation of temporary spent nuclear fuel
storage agreements.
Sec. 611. Expedited procedures for congressional review of
temporary spent nuclear fuel storage agreements.
Sec. 612. Contracting and Nuclear Waste Fund.
Sec. 613. Confidence in availability of waste
disposal.
Title VII—Energy Production and Conservation Tax
Incentives
Sec. 700. Amendment of 1986 Code.
Subtitle A—Extension of clean energy production
incentives
Sec. 701. Extension and modification of renewable energy
production tax credit.
Sec. 702. Extension and modification of solar energy and fuel
cell investment tax credit.
Sec. 703. Extension and modification of residential energy
efficient property credit.
Sec. 704. Extension and modification of credit for clean
renewable energy bonds.
Sec. 705. Extension of special rule to implement FERC
restructuring policy.
Subtitle B—Extension of incentives to improve energy
efficiency
Sec. 711. Extension and modification of credit for energy
efficiency improvements to existing homes.
Sec. 712. Extension and modification of tax credit for energy
efficient new homes.
Sec. 713. Extension and modification of energy efficient
commercial buildings deduction.
Sec. 714. Modification and extension of energy efficient
appliance credit for appliances produced after 2007.
Title VIII—Repeal of limitation on tax credit for efficient
windows
Sec. 801. Repeal of separate dollar limitation applicable to
efficient windows under the nonbusiness energy property credit.
Title IX—New Domestic Supplies of Oil and Gas
Subtitle A—Arctic National Wildlife Refuge
Sec. 901. Short title.
Sec. 902. Definitions.
Sec. 903. Leasing program for lands within the Coastal
Plain.
Sec. 904. Lease sales.
Sec. 905. Grant of leases by the Secretary.
Sec. 906. Lease terms and conditions.
Sec. 907. Coastal plain environmental protection.
Sec. 908. Expedited judicial review.
Sec. 909. Federal and State distribution of
revenues.
Sec. 910. Rights-of-way across the Coastal Plain.
Sec. 911. Conveyance.
Sec. 912. Local government impact aid and community service
assistance.
Subtitle B—Offshore oil and gas
Sec. 921. Termination of moratoria on leasing and
permitting.
Title X—Climate Change Research and Development
Funding
Sec. 1001. Applied research.
<enum>I</enum><header>Passenger
automobile replacement credit</header>
<section id="H5CE8A84FA09746CDB094BDA67C841C6F"><enum>101.</enum><header>Passenger
automobile replacement credit</header>
<subsection id="HD42496C9CD0C4A5DACA500B9226BB92D"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Subpart C of part IV
of subchapter A of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/1">chapter 1</external-xref> of the Internal Revenue Code of 1986 is amended by
redesignating section 36 as section 37 and by inserting after section 35 the
following new section:</text>
<quoted-block display-inline="no-display-inline" id="HDEF9F78EAA144951BD599C3C4C004E65" style="OLC">
<section id="H2258E75D4A2C4983BA9F17BBCD8A0B1"><enum>36.</enum><header>Passenger
automobile replacement credit</header>
<subsection id="HB0885D07A761478D9ED0C8E700C06C61"><enum>(a)</enum><header>Allowance of
credit</header><text display-inline="yes-display-inline">In the case of an
individual, there shall be allowed as a credit against the tax imposed by this
subtitle an amount equal to the amount paid or incurred by the taxpayer during
the taxable year for a new passenger automobile in connection with a qualified
trade-in.</text>
</subsection><subsection id="H8E303A865EC34EE885B6E72206282BAB"><enum>(b)</enum><header>Limitations</header>
<paragraph id="HBE54AC5CF9284AE58400C664A2B623BD"><enum>(1)</enum><header>Dollar
limitation</header><text>The credit allowed under this section shall not exceed
$1,500 with respect to any taxpayer for any taxable year.</text>
</paragraph><paragraph id="H9F42641946B843CF8FF6661EB65ED207"><enum>(2)</enum><header>No credit with
respect to automobile manufacturers out of compliance with CAFÉ
standards</header><text display-inline="yes-display-inline">No credit shall be
allowed under subsection (a) with respect to the purchase of any new passenger
automobile if a penalty was imposed under <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/49/329">chapter 329</external-xref> of title 49, United
States Code, with respect to the manufacturer of such new passenger automobile
at any time during the 1-year period ending on the date of such
purchase.</text>
</paragraph></subsection><subsection id="H61A6D63C09804BEDB9CA1E154E52A5AA"><enum>(c)</enum><header>Qualified
trade-In</header><text>For purposes of this section—</text>
<paragraph id="HFF183D42A69D43C9B1D68F271F50C216"><enum>(1)</enum><header>In
general</header><text>The term <term>qualified trade-in</term> means, with
respect to the purchase of any new passenger automobile, the transfer of a
qualified used automobile to the dealer from whom such new passenger automobile
is purchased as part of the same transaction as such purchase.</text>
</paragraph><paragraph id="H64244BC663E14304852BD3101B84AF45"><enum>(2)</enum><header>Qualified used
automobile</header><text>The term <term>qualified used automobile</term> means
any passenger automobile which was originally placed in service at least 15
years before the date of the qualified trade-in and title to which has been
held by the taxpayer at all times during the 2-year period ending on the date
of the qualified
trade-in.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HBD0351CBC8414390916D1F1DE62DE17E"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph id="H4039F349E5194E7AB635CA796937DE54"><enum>(1)</enum><text>Section
6211(b)(4)(A) of the Internal Revenue Code of 1986 is amended by striking
<quote>34,</quote> and all that follows through <quote>6428</quote> and
inserting <quote>34, 35, 36, 53(e), and 6428</quote>.</text>
</paragraph><paragraph display-inline="no-display-inline" id="H862F29B9EA49459EBE62D1438E33B06C"><enum>(2)</enum><text>Section 1324(b)(2)
of title 31, United States Code, is amended by inserting <quote>, 36,</quote>
after <quote>section 35</quote>.</text>
</paragraph><paragraph id="HF3B6CAD231A84459BE72257069F0B723"><enum>(3)</enum><text display-inline="yes-display-inline">The table of sections for subpart C of part
IV of subchapter A of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/1">chapter 1</external-xref> of the Internal Revenue Code of 1986 is amended
by redesignating the item relating to section 36 as an item relating to section
37 and by inserting before such item the following new item:</text>
<quoted-block display-inline="no-display-inline" id="H91B9DD75B3114BDCB2B12856DA689842" style="OLC">
<toc container-level="quoted-block-container" idref="H5847E315B75249608C785D23DE949E24" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration">
<toc-entry idref="H5847E315B75249608C785D23DE949E24" level="section">Sec. 36. Passenger automobile replacement
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H006298E7D3D545B893B980C8E4BD3824"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after the date of the enactment of this Act.</text>
</subsection></section><enum>II</enum><header>Energy efficient
server computer credit</header>
<section id="H08D7D3C5B2354C43A0EEBF1F3C973B3E" section-type="subsequent-section"><enum>201.</enum><header>Energy efficient
server computer credit</header>
<subsection id="H19681ACC1B774CF8B57500E4A1D97711"><enum>(a)</enum><header>In
General</header><text>Subpart D of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 (relating to business-related credits) is amended
by adding at the end the following new section:</text>
<quoted-block id="H2CA78E4C9C554541841339C3FB008551" style="OLC">
<section id="HF68C2778C5254B0EB2A6FCD38BA3273"><enum>45O.</enum><header>Energy efficient
server computer credit</header>
<subsection id="H1296A4CB1FA247A78702D95BAD53252F"><enum>(a)</enum><header>General
rule</header><text>For purposes of section 38, the energy efficient server
computer credit determined under this section for the taxable year is an amount
equal to 20 percent of the amount paid or incurred by the taxpayer during the
taxable year for server computers which meet the Energy Star program
requirements and are used in the taxpayer’s trade or business.</text>
</subsection><subsection id="HF554559CB7064431BEDE7665A8D463C9"><enum>(b)</enum><header>No double
benefit</header><text display-inline="yes-display-inline">No deduction or
credit shall be allowed under any other provision of this chapter with respect
to the amount of the credit determined under this
section.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H4A409587475B4D7085C08F4587FF7BDE"><enum>(b)</enum><header>Credit To be
part of general business credit</header><text>Subsection (b) of section 38 of
such Code (relating to general business credit) is amended by striking
<quote>plus</quote> at the end of paragraph (30), by striking the period at the
end of paragraph (31) and inserting <quote>, plus</quote> , and by adding at
the end the following new paragraph:</text>
<quoted-block id="H41BD214B9B794774B7990144EAE2740" style="OLC">
<paragraph id="HDCB508010EBF4E4D866B699600C0ED14"><enum>(32)</enum><text>the energy
efficient server computer credit determined under section
45O(a).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H2B6C95E039FF4044934ED545D4CA828B"><enum>(c)</enum><header>Clerical
amendment</header><text>The table of sections for subpart D of part IV of
subchapter A of chapter 1 of such Code is amended by inserting after the item
relating to section 45N the following new item:</text>
<quoted-block id="H0D313EF3700C41A685888634B0DF7E4C" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 45O. Energy efficient server computer
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HCBA69A42289343ABA4C9DE4E41976E01"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after the date of the enactment of this Act.</text>
</subsection></section><enum>III</enum><header>Loan Guarantees
for Advanced Conservation and Fuel Efficiency Motor Vehicle Technology
Projects</header>
<section display-inline="no-display-inline" id="H1F7DFCEE33394736B1AE40A06EE4993C" section-type="subsequent-section"><enum>301.</enum><header>Authority</header><text display-inline="no-display-inline">Section 1703 of the Energy Policy Act of
2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16513">42 U.S.C. 16513</external-xref>) is amended by adding at the end the following new
subsection:</text>
<quoted-block display-inline="no-display-inline" id="H38D347C63290445497AE0023548F44F2" style="OLC">
<subsection id="H4ACA7281BE9E41E79E4E5517F072406D"><enum>(f)</enum><header>Fuel efficient
vehicle projects</header><text display-inline="yes-display-inline">The
Secretary shall make guarantees under this title to motor vehicle manufacturers
and suppliers in the United States for advanced conservation and fuel
efficiency motor vehicle technology projects for the production of new motor
vehicles that do not exceed 10,000 lbs. gross vehicle weight, including
gasoline and diesel vehicles, flexible fuel vehicles, and hybrid electric
vehicles, that reduce dependence on oil and the emissions of one or more
greenhouse
gases.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="HF6A883FF8D4846A1BB962389AA2135F"><enum>302.</enum><header>Amount</header><text display-inline="no-display-inline">Section 1702(c) of the Energy Policy Act of
2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16512">42 U.S.C. 16512(c)</external-xref>) is amended by adding at the end the following:
<quote>In the case of advanced conservation and fuel efficiency motor vehicle
technology projects under section 1703(f), the aggregate amount of guarantees
under this title shall not exceed $20,000,000,000.</quote>.</text>
</section><enum>IV</enum><header>Transportation
Technology</header>
<section id="HE75E0289FAFE4D1A8967255CCA3D1F65"><enum>401.</enum><header>Addition to
CMAQ-eligible projects</header>
<subsection id="HEFB4D1FFFB214660BCD1A6F0547C4586"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 149(b) of
title 23, United States Code, is amended—</text>
<paragraph id="H9D9CEBA43E2B4843830345A0C648B4C"><enum>(1)</enum><text>by
striking <quote>or</quote> at the end of paragraph (6);</text>
</paragraph><paragraph id="HAE4758577DA442A1BC9E454DDC895DF9"><enum>(2)</enum><text>by striking the
period at the end of paragraph (7) and inserting <quote>; or</quote>;
and</text>
</paragraph><paragraph id="H152BDF1C1D4B435597B97B811C032BD9"><enum>(3)</enum><text display-inline="yes-display-inline">by inserting after paragraph (7) the
following:</text>
<quoted-block display-inline="no-display-inline" id="H9ADA10088D674AC3A1112674AB8FB2A0" style="OLC">
<paragraph id="H81F615D1359145BAB6A3D61668B52E5F"><enum>(8)</enum><text display-inline="yes-display-inline">if the project or program is for operation
and maintenance of intelligent transportation system strategies that serve a
nonattainment or maintenance
area.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H8D144C856ED544E6AE4123AEAD95C212"><enum>(b)</enum><header>Applicability</header><text display-inline="yes-display-inline">The amendment made by subsection (a) shall
take effect on October 1, 2008.</text>
</subsection></section><enum>V</enum><header>Coal-to-Liquid
Aviation Fuel</header>
<section id="HEAB53D8EDC75497CB500CBE141D5E977"><enum>501.</enum><header>Aviation fuel
produced from clean coal and alternative and unconventional domestic feedstocks
for civilian and military aircraft</header>
<subsection id="HD59F634988FA41B992E2D622E2BCC506"><enum>(a)</enum><header>Establishment of
alternative jet fuel program</header><text>From amounts made available under
<external-xref legal-doc="usc" parsable-cite="usc/49/48102">section 48102(a)</external-xref> of title 49, United States Code, the Secretary of
Transportation, in consultation with the Secretary of the Air Force, shall
establish a program related to developing jet fuel produced from clean coal and
from alternative and unconventional domestic feedstocks. The program shall
include participation by educational and research institutions that have
existing facilities and experience in the development and deployment of
technologies that process coal and alternative and unconventional domestic
feedstocks into aviation fuel.</text>
</subsection><subsection id="H8E8046EE03BC4C3A9156E99CAF98E6D4"><enum>(b)</enum><header>Program
requirements</header><text>Any alternative jet fuel program established by a
Federal agency, including the program established under subsection (a) and the
Department of the Air Force alternative jet fuel program, may include grants,
reimbursable agreements, long-term contracts, and other instruments authorized
under <external-xref legal-doc="usc" parsable-cite="usc/49/106">section 106(l)(6)</external-xref> of title 49, United States Code. Such program may
include long-term contracts or agreements for the acquisition of alternative
jet fuel, but only if such contracts or agreements are—</text>
<paragraph id="H42C2E7922F9343F8A03F418160729CB0"><enum>(1)</enum><text>for a term of not
more than 25 years;</text>
</paragraph><paragraph id="HDE64E1591CEB46949634A15305635E30"><enum>(2)</enum><text>at a price that is
competitive, throughout the term of the contract or agreement, with the market
price of petroleum-derived aviation fuel of similar quality; and</text>
</paragraph><paragraph id="H7F242D3BB3D2497C98B3F82C367DE00"><enum>(3)</enum><text>for a fuel that has
lower lifecycle greenhouse gas emissions as compared to the lifecycle
greenhouse gas emissions of the petroleum-based aviation fuel that was
displaced.</text>
</paragraph></subsection><subsection id="HA79C15613B634F0C00E260A67BD2565C"><enum>(c)</enum><header>Clarification</header><text>In
the case of a Federal agency agreement for alternative jet fuel, the lifecycle
greenhouse gas emissions associated with the production and combustion of the
fuel supplied under the contract shall be considered to be less than such
emissions from the equivalent conventional fuel produced from conventional
petroleum sources if such emissions are determined to be lower—</text>
<paragraph id="HBCD181740F8543408430E217C00044BD"><enum>(1)</enum><text>by peer-reviewed
research conducted or reviewed by a national laboratory; or</text>
</paragraph><paragraph id="HDA734233B7F746F684420085A0DAD695"><enum>(2)</enum><text>by the head of the
Federal agency, based on available research and testing.</text>
</paragraph></subsection><subsection id="HC4B3E2847A944793AA1F4700099CB213"><enum>(d)</enum><header>Designation of
institution as a center of excellence</header><text>Not later than 180 days
after the date of enactment of this Act, the Administrator of the Federal
Aviation Administration shall designate an institution described in subsection
(a) as a Center for Excellence for Coal-to-Jet-Fuel Research.</text>
</subsection><subsection id="H9F6472D577EB4B059921B75181D664A5"><enum>(e)</enum><header>Tax credit for
alternative and unconventional aviation fuel mixture</header>
<paragraph id="HE015193E10224B3CBF84BED154828487"><enum>(1)</enum><header>In
general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/6426">Section 6426</external-xref> of the Internal Revenue Code of 1986 is
amended by adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="H1D22D11675C44AB100EF467775D8DFA" style="OLC">
<subsection id="H11231BE5B25B46109E40BA17BE2EDBA9"><enum>(i)</enum><header>Alternative and
unconventional aviation fuel mixture</header>
<paragraph id="H44D9987A4B1C4F028BC186EC11B9C1EC"><enum>(1)</enum><header>In
general</header><text>For purposes of this section, the alternative and
unconventional aviation fuel mixture credit is the product of 50 cents and the
number of gallons of alternative and unconventional aviation fuel used by the
taxpayer in producing any alternative and unconventional aviation fuel mixture
for sale or use in a trade or business of the taxpayer.</text>
</paragraph><paragraph id="HA65D2BF3F8AF4455B4263184BABCE600"><enum>(2)</enum><header>Alternative and
unconventional aviation fuel mixture</header><text>For purposes of this
subsection, the term <term>alternative and unconventional aviation fuel
mixture</term> means a mixture of alternative and unconventional aviation fuel
and aviation-grade kerosene which—</text>
<subparagraph id="HAC85D45818EB4763BCAC39A35C9CC5E9"><enum>(A)</enum><text>is sold by the
taxpayer producing such mixture to any person for use as a fuel; or</text>
</subparagraph><subparagraph id="H052440BA05A547198F41E68663289775"><enum>(B)</enum><text>is used as a fuel
by the taxpayer producing such mixture.</text>
</subparagraph></paragraph><paragraph id="HC2EC53AAC8FE4B29A247E005E6172CFA"><enum>(3)</enum><header>Alternative and
unconventional aviation fuel</header><text>For purposes of this subsection, the
term <term>alternative and unconventional aviation fuel</term> means aviation
fuel that is produced from unconventional resources (including coal, natural
gas, biomass, ethanol, butanol, and hydrogen) and is determined, through
peer-reviewed research conducted or reviewed by a national laboratory, or by
the head of a Federal agency, would produce lower lifecycle greenhouse gas
emissions, as compared to the lifecycle greenhouse gas emissions of the
displaced aviation fuel.</text>
</paragraph><paragraph id="HF327FFC93462449BB4F9B72D0812D113"><enum>(4)</enum><header>Termination</header><text>This
subsection shall not apply to any sale or use for any period after December 31,
2016.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H0E4B9122C67F46269EADE300FEEBBF29"><enum>(2)</enum><header>Conforming
amendment</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/6426">Section 6426(a)(1)</external-xref> of the Internal Revenue Code of 1986
is amended by striking <quote>and (e)</quote> and inserting <quote>(e), and
(i)</quote>.</text>
</paragraph><paragraph id="HF69D181059A04F1A91A8D51E77FAE98E"><enum>(3)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to any
sale or use after the date of the enactment of this Act.</text>
</paragraph></subsection><subsection id="H43AA5EAFAB5E4CB18BA36E778829E5E"><enum>(f)</enum><header>Sense of
Congress</header><text>It is the sense of Congress that the Department of
Transportation, Federal Aviation Administration, Department of the Air Force,
and other Federal agencies should continue research, testing, evaluation, and
use of alternative fuels as defined in this section with the goals of—</text>
<paragraph id="H2B83007C815A4382872FAA4C6E68FD00"><enum>(1)</enum><text>reducing
emissions;</text>
</paragraph><paragraph id="HA1198128CCF840189C612FE26D545E6"><enum>(2)</enum><text>lowering the cost
of aviation fuel; and</text>
</paragraph><paragraph id="H6981250C3E124CEE9B58D4518D55F2A"><enum>(3)</enum><text>increasing the
performance, reliability, and security of aviation fuel production and
supply.</text>
</paragraph></subsection></section><enum>VI</enum><header>Nuclear
Energy</header>
<section id="HF9AA285D44134AA48EC3D8A403A66D90"><enum>601.</enum><header>Incentives for
innovative technologies</header>
<subsection id="H117C05E0EB8A45C293D449883F9CC4D5"><enum>(a)</enum><header>Definition of
project cost</header><text>Section 1701(1) of the Energy Policy Act of 2005 (42
U.S.C. 16511(1)) is amended by inserting a new paragraph (4) and renumbering
the paragraphs accordingly:</text>
<quoted-block id="HC4AF7964C94641CA977174CBA935A916" style="OLC">
<paragraph id="H30AC0863F9D44A6594E2A6DE7679FD3B"><enum>(4)</enum><header>Project
cost</header><text>The term <term>project cost</term> means all costs
associated with the development, planning, design, engineering, permitting and
licensing, construction, commissioning, start-up, shakedown and financing of
the facility, including but not limited to reasonable escalation and
contingencies, the cost of and fees for the guarantee, reasonably required
reserve funds, initial working capital and interest during
construction.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H7DA7D344F24D4657A4E1530368A63CE"><enum>(b)</enum><header>Terms and
conditions</header><text>Section 1702 of the Energy Policy Act of 2005 (42
U.S.C. 16512) is amended by striking subsections (b) and (c) and inserting the
following:</text>
<quoted-block id="HAA328DDED8BF469E95B39BBE00A5D7AA" style="OLC">
<subsection id="H36ACFFD1F5AC48E7825842E68007ACDE"><enum>(b)</enum><header>Specific
appropriation or contribution</header>
<paragraph id="H28FB890EAAAD42C6A9EA74791791057C"><enum>(1)</enum><header>In
general</header><text>No guarantee shall be made unless—</text>
<subparagraph id="H0F0C4D79B4A1461F806C2D163887CC08"><enum>(A)</enum><text>an appropriation
for the cost has been made; or</text>
</subparagraph><subparagraph id="H72B544DFCD1042E49DD7777862EB9316"><enum>(B)</enum><text>the Secretary has
received from the borrower a payment in full for the cost of the obligation and
deposited the payment into the Treasury; or</text>
</subparagraph><subparagraph id="H788C45B3CA074696A2A323216B21CA84"><enum>(C)</enum><text>a combination of
(A) and (B) has been made, that when combined is sufficient to cover the cost
of the obligation.</text>
</subparagraph></paragraph><paragraph id="H6EB40B32F778461CA49BA000A6CCFFC0"><enum>(2)</enum><header>Relation to
other laws</header><text>Section 504 (b) of the Federal Credit Reform Act of
1990 (2 U.S.C. 661c (b)) shall not apply to a loan guarantee made in accordance
with paragraph
(1)(B).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H1AD3A9D392B840F28188A25B1DC0C881"><enum>(c)</enum><header>Amount</header><text>Section
1702 of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16512">42 U.S.C. 16512</external-xref>) is amended by striking
subsection (c) and inserting the following:</text>
<quoted-block id="HE2635894EB93444F965687EDE4E319CA">
<subsection id="H2EB983CFF35D4E4488D1C21717DF40A1"><enum>(c)</enum><header>Amount</header>
<paragraph id="HCAF0A51CA84A4AF6BD87BDA03DFED21D"><enum>(1)</enum><header>In
general</header><text>Subject to paragraph (2), the Secretary shall guarantee
100 percent of the obligation for a facility that is the subject of the
guarantee, or a lesser amount if requested by the borrower.</text>
</paragraph><paragraph id="H8EE7A2B7F3E14ED9AEAF696EA62D65D7"><enum>(2)</enum><header>Limitation</header><text>The
total amount of loans guaranteed for a facility by the Secretary shall not
exceed 80 percent of the total cost of the facility, as estimated at the time
at which the guarantee is
issued.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H67DDDCC2A67F4B9CB8CFEB103FA64677"><enum>(d)</enum><header>Fees</header><text>Section
1702(h) of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16512">42 U.S.C. 16512(h)</external-xref>) is amended by
striking paragraph (2) and inserting the following:</text>
<quoted-block id="H054CB803A98142F0894F8672B7C800CB">
<paragraph id="H176167A6DD9F4800AD1E50FEA09DF5B"><enum>(2)</enum><header>Availability</header><text>Fees
collected under this subsection shall—</text>
<subparagraph id="H71A2A81983C7467E9C368BE51C125999"><enum>(A)</enum><text>be deposited by
the Secretary into a special fund in the Treasury to be known as the
<quote>Incentives For Innovative Technologies Fund</quote>; and</text>
</subparagraph><subparagraph id="H39D2A8A51CB24F9EBEAA1205187B02F2"><enum>(B)</enum><text>remain available
to the Secretary for expenditure, without further appropriation or fiscal year
limitation, for administrative expenses incurred in carrying out this
title.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="H5ECBCACFD6014FD0807D24A58E3FF3A7"><enum>602.</enum><header>Standby support
for certain nuclear plant delays</header>
<subsection id="HE5BAD9A01C9F4775A36BA24F34D359D4"><enum>(a)</enum><header>Definitions</header><text>Section
638(a) of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16014">42 U.S.C. 16014(a)</external-xref>) is amended as
follows:</text>
<paragraph id="H73259CCD084143439414D8E1004233AE"><enum>(1)</enum><text>By inserting the
following:</text>
<quoted-block id="H73ADE682E69C451FAECD787EEDDC96D4" style="OLC">
<paragraph id="H956D0271870842F8B8EF74ECAD9386B6"><enum>(4)</enum><header>Full power
operation</header><text>The term <term>full power operation</term> means
whichever occurs first of—</text>
<subparagraph id="HE225A466F31C4551B72EBAA3C6ED15F4"><enum>(A)</enum><text>the
<term>commercial operation date</term> or the equivalent under the terms of the
financing documents for such facility, or</text>
</subparagraph><subparagraph id="HDBC01EDF66D142AA8524E99C7C032C62"><enum>(B)</enum><text>operation of such
facility at an average of 50 percent or greater of nameplate capacity over any
consecutive 30-day period.</text>
</subparagraph></paragraph><paragraph id="HEB9F2609BA5A4762AE5C53EBA9585CE8"><enum>(5)</enum><header>Increased
project costs</header><text>The term <term>increased project costs</term> means
the increased cost of constructing, commissioning, testing, operating or
maintaining a reactor prior to full-power operation incurred as a result of a
delay covered by the contract including but not limited to costs of
demobilization and remobilization, increased costs of equipment, materials and
labor due to delay (including idle time), increased general and administrative
costs, and escalation costs for completing construction.</text>
</paragraph><paragraph id="H572C236FE82E40D1BF5E00CE4000EDA9"><enum>(6)</enum><header>Litigation</header><text>The
term <term>litigation</term> means adjudication in Federal, State, local or
tribal courts and administrative proceedings or hearings at or before Federal,
State, local or tribal agencies or administrative
bodies.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H0D5EE74DF98C4CF7BF9668736526B800"><enum>(2)</enum><text>By redesignating
paragraph (4) as paragraph (7).</text>
</paragraph></subsection><subsection id="H6BF62B5330404812A1236F4BCF3010F9"><enum>(b)</enum><header>Contract
authority</header><text>Section 638(b) of the Energy Policy Act of 2005 (42
U.S.C. §16014(b)) is amended by striking paragraph (1) and inserting the
following:</text>
<quoted-block id="HFE92061F4E3647688DAC01FE775BDBB7" style="OLC">
<paragraph id="H2BE1DD00BB0E4144855E01B26B9B3F85"><enum>(1)</enum><header>In
general</header><text>The Secretary may enter into contracts under this section
with sponsors of an advanced nuclear facility that cover at any one time
outstanding a total of not more than 6 reactors, with the 6 reactors consisting
of not more than 3 different reactor designs, in accordance with paragraph (2).
In the event that any contract entered into under this section terminates or
expires without a claim being paid by the Secretary thereunder, then the
Secretary may enter into a new contract under this section in replacement or
substitution for such
contract.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H4D7526BB88C34933B868DAE8EBEF4490"><enum>(c)</enum><header>Covered
costs</header><text>Section 638(d) of the Energy Policy Act of 2005 (42. U.S.C.
§16014(d)) is amended by striking paragraphs (2) and (3) and inserting the
following:</text>
<quoted-block id="H5AE8599BD3B04067B57F69F964FF1723" style="OLC">
<paragraph id="H9BB385576AE14A5BA3B1E07431F70576"><enum>(2)</enum><header>Coverage</header><text>In
the case of reactors that receive combined licenses and on which construction
is commenced, the Secretary shall pay—</text>
<subparagraph id="H8E5BAA3E5E8E454ABBFFDAAB5758874B"><enum>(A)</enum><text>100 percent of the
covered costs of delay that occur after the initial 30-day period of covered
delay; but</text>
</subparagraph><subparagraph id="H3C508AF85EEC4CD7999E60AB1ED69465"><enum>(B)</enum><text>not more than
$500,000,000 per contract.</text>
</subparagraph></paragraph><paragraph id="H93770EA0C4FB4D27A3DF64941D679000"><enum>(3)</enum><header>Covered debt
obligations</header><text>Debt obligations covered under subparagraph (A) of
paragraph (5) shall include but not be limited to debt obligations incurred to
pay increased project
costs.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HF38C314202594E53BB82B3E9592ED007"><enum>(d)</enum><header>Dispute
resolution</header><text>Section 638 of the Energy Policy Act of 2005 (42
U.S.C. 16014) is amended as follows:</text>
<paragraph id="H6A3145CF0FC14B4F8811589D1C40CC4E"><enum>(1)</enum><text>by inserting the
following:</text>
<quoted-block id="H5142D7E41B724033BBE809ED8D80213" style="OLC">
<subsection id="H97EE1963A02A4A92A443A91B313EDF4"><enum>(f)</enum><header>Dispute
resolution</header><text>Any controversy or claim arising out of or relating to
any contract entered into under this section shall be determined by arbitration
in Washington, DC according to the then prevailing Commercial Arbitration Rules
of the American Arbitration Association. A decision by the arbitrator(s) shall
be final and binding, and any court having jurisdiction may enter judgment on
it.</text>
</subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="H8909FA5B823E40DD8CF2B09CF6FE5E7"><enum>(2)</enum><text>by
designating subsections (f), (g), and (h) as subsections (g), (h), and (i)
respectively.</text>
</paragraph></subsection></section><section id="H374B1F29088D44EFAB2E2EDA14F2C4F"><enum>603.</enum><header>Authorization
for nuclear power 2010 program</header><text display-inline="no-display-inline">Section 952(c) of the Energy Policy Act of
2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16014">42 U.S.C. 16014</external-xref>) is amended by striking subsections (1) and (2) and
substituting the following:</text>
<paragraph id="H65FC60E4FCB843A1B75E003906DCF17D"><enum>(1)</enum><header>In
general</header><text>The Secretary shall carry out a Nuclear Power 2010
Program to position the nation to start construction of new nuclear power
plants by 2010 or as close to 2010 as achievable.</text>
</paragraph><paragraph id="H662DD503F9004884AA5DB35D5F187DE1"><enum>(2)</enum><header>Scope of
program</header><text>The Nuclear Power 2010 Program shall be cost-shared with
the private sector and shall support the following objectives:</text>
<subparagraph id="H75462B84625844638474040064F20279"><enum>(A)</enum><text>Demonstrating the
licensing process for new nuclear power plants, including the Nuclear
Regulatory Commission process for obtaining early site permits (EPS), combined
construction/operating licenses (cols), and design certifications.</text>
</subparagraph><subparagraph id="HBCB84BB7F3C248F78D73B81B0066D8F9"><enum>(B)</enum><text>Conducting
first-of-a-kind design and engineering work on at least two advanced nuclear
reactor designs sufficient to bring those designs to a state of design
completion sufficient to allow development of firm cost estimates.</text>
</subparagraph></paragraph><paragraph id="H8600FAA575A246D483C766794C942C60"><enum>(3)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary to carry out the Nuclear Power 2010 Program—</text>
<subparagraph id="H6BB004E973BB4BC89692FD8E41172EA"><enum>(A)</enum><text>$182,800,000 for
fiscal year 2008;</text>
</subparagraph><subparagraph id="HD30AB37366FB4ED683EBA30023DF5C00"><enum>(B)</enum><text>$159,600,000 for
fiscal year 2009;</text>
</subparagraph><subparagraph id="H3141ADD83A594AEA9D1DE767D6942193"><enum>(C)</enum><text>$135,600,000 for
fiscal year 2010;</text>
</subparagraph><subparagraph id="H396650048D5B4549A700B91BB1EE477"><enum>(D)</enum><text>$46,900,000 for
fiscal year 2011; and</text>
</subparagraph><subparagraph id="HA7B231ED2AEA4CF4A4621100CA2BEDCC"><enum>(E)</enum><text>$2,200,000 for
fiscal year 2012.</text>
</subparagraph></paragraph></section><section id="H23B6F8AB8C9C498E8247BF409000A20"><enum>604.</enum><header>Domestic
manufacturing base for nuclear components and equipment</header>
<subsection id="HCB8180E34E0B491FBA6EED0141DD5500"><enum>(a)</enum><header>Establishment of
interagency working group</header>
<paragraph id="HBB0BADECEABD4CCA9DB7E1B412B924BA"><enum>(1)</enum><header>Purposes</header>
<subparagraph id="H51E27F54CA504696BA6D11C7D8D7EF73"><enum>(A)</enum><text>to increase the
competitiveness of the United States nuclear energy products and services
industries;</text>
</subparagraph><subparagraph id="H3DD5A3D801644F46BE62913CF4226400"><enum>(B)</enum><text>to identify the
stimulus or incentives necessary to cause United States manufacturers of
nuclear energy products to expand manufacturing capacity;</text>
</subparagraph><subparagraph id="H795F31BAB49645F4BD024000AF03E424"><enum>(C)</enum><text>to facilitate the
export of United States nuclear energy products and services;</text>
</subparagraph><subparagraph id="H5C5BB22B7B0D4D07AAF08ED79CE907F"><enum>(D)</enum><text>to reduce the trade
deficit of the United States through the export of United States nuclear energy
products and services;</text>
</subparagraph><subparagraph id="H92FE4505ED0642D5BD16F2903DE0DF71"><enum>(E)</enum><text>to retain and
create nuclear energy manufacturing and related service jobs in the United
States;</text>
</subparagraph><subparagraph id="HB3EC25F05ACA4D1EACCFC835C87C0194"><enum>(F)</enum><text>to integrate the
objectives in paragraphs (1) through (4) in a manner consistent with the
interests of the United States, into the foreign policy of the United States;
and</text>
</subparagraph><subparagraph id="HB6D50B99DDE94C4D885DDFCD25CA356"><enum>(G)</enum><text>to authorize funds
for increasing United States capacity to manufacture nuclear energy products
and supply nuclear energy services.</text>
</subparagraph></paragraph><paragraph id="H7E0FD94CDBE2408ABF341B789B3D6827"><enum>(2)</enum><header>Establishment</header>
<subparagraph id="H5FF83C97FFE74964BA974DEDD727EA64"><enum>(A)</enum><text>There shall be
established an interagency working group that, in consultation with
representative industry organizations and manufacturers of nuclear energy
products, shall make recommendations to coordinate the actions and programs of
the Federal Government in order to promote increasing domestic manufacturing
capacity and export of domestic nuclear energy products and services.</text>
</subparagraph><subparagraph id="H5A02B4DAD4764F2D96E41F7C66ED2FA"><enum>(B)</enum><text>The Interagency
Working Group shall be composed of—</text>
<clause id="H8F3450E589504DD2916174BC9E70591F"><enum>(i)</enum><text>The
Secretary of Energy, or the Secretary’s designee, shall chair the interagency
working group. The Secretary of Energy shall provide staff for carrying out the
functions of the interagency working group established under this
section.</text>
</clause><clause id="HE018E31C64D44DF2920640CF275F49F6"><enum>(ii)</enum><text>representatives
of—</text>
<subclause id="H95E28181841145258780D414B0DDE852"><enum>(I)</enum><text>the Department of
Energy;</text>
</subclause><subclause id="HB3F1EE2C535E49E2911D1046EA1225FC"><enum>(II)</enum><text>the Department of
Commerce;</text>
</subclause><subclause id="HAB73F51038954EE58F179CBA3853BAF"><enum>(III)</enum><text>the Department of
Defense;</text>
</subclause><subclause id="H881B613DD09D4CBC83FBAB5FD8EA6100"><enum>(IV)</enum><text>the Department of
Treasury;</text>
</subclause><subclause id="HC3CD724E1CCC418687B9C7EAC991E425"><enum>(V)</enum><text>the Department of
State;</text>
</subclause><subclause id="H7338FB6449FC402987B6E7FA27A27685"><enum>(VI)</enum><text>the Environmental
Protection Agency;</text>
</subclause><subclause id="HF820F0BA21734D1A9873964833CC081C"><enum>(VII)</enum><text>the United
States Agency for International Development;</text>
</subclause><subclause id="HEEAC2D5BA38849A7A45C9E5E56C9EB68"><enum>(VIII)</enum><text>the
Export-Import Bank of the United States;</text>
</subclause><subclause id="HAD993A3459CC4470A4ABE5787EC31E6F"><enum>(IX)</enum><text>the Trade and
Development Agency;</text>
</subclause><subclause id="H13C51A64C5064F0A9791D223A61B5E3D"><enum>(X)</enum><text>the Small Business
Administration;</text>
</subclause><subclause id="H1CB2EA8E35F741D6BC4B138D269BAA03"><enum>(XI)</enum><text>the Office of the
U.S. Trade Representative; and</text>
</subclause><subclause id="HB892374574D343F489F3224633264F94"><enum>(XII)</enum><text>other Federal
agencies, as determined by the President.</text>
</subclause></clause><clause id="H0D87BF5C04444012A482433F628F06E8"><enum>(iii)</enum><text>The heads of
appropriate agencies shall detail such personnel and furnish such services to
the interagency group, with or without reimbursement, as may be necessary to
carry out the group’s functions.</text>
</clause></subparagraph></paragraph><paragraph id="H94C82DD8978343F39238F0A966E2CEF0"><enum>(3)</enum><header>Duties of the
interagency working group</header>
<subparagraph id="H3D27A908376D428BB0B594C9B16BA54"><enum>(A)</enum><text>Within six months
of enactment, the interagency working group established under section (1)(A)
shall identify the actions necessary to promote the safe development and
application in foreign countries of nuclear energy products and services in
order to—</text>
<clause id="HE7478D9F3B88458F8F14E71B62D94F39"><enum>(i)</enum><text>increase
electricity generation from nuclear energy sources through development of new
generation facilities;</text>
</clause><clause id="H8C23BEAB12A342CFAA78DE00E36CA788"><enum>(ii)</enum><text>improve the
efficiency, safety and/or reliability of existing nuclear generating facilities
through modifications; and</text>
</clause><clause id="H174A4F599965469A90B9087EF7FA7DB2"><enum>(iii)</enum><text>enhance the safe
treatment, handling, storage and disposal of used nuclear fuel.</text>
</clause></subparagraph><subparagraph id="HFAC74E8B6351469CBDF16FC1A2DC9656"><enum>(B)</enum><text>Within 6 months of
enactment, the interagency working group shall identify mechanisms (including,
but not limited to, tax stimulus for investment, loans and loan guarantees, and
grants) necessary for United States companies to increase their capacity to
produce or provide nuclear energy products and services, and to increase their
exports of nuclear energy products and services. The interagency working group
shall identify administrative or legislative initiatives necessary to—</text>
<clause id="H03BEB266B68F43E4B5F7AA9E515E8700"><enum>(i)</enum><text>encourage United
States companies to increase their manufacturing capacity for nuclear energy
products;</text>
</clause><clause id="H71D6DC5C590D4800A7D42233D1734950"><enum>(ii)</enum><text>provide technical
and financial assistance and support to small and mid-sized businesses to
establish quality assurance programs in accordance with domestic and
international nuclear quality assurance code requirements;</text>
</clause><clause id="HEBC13FCD4E8E4C2CB0ACDE389253A2"><enum>(iii)</enum><text>encourage, through
financial incentives, private sector capital investment to expand manufacturing
capacity; and</text>
</clause><clause id="HFD77CC4E608746B1A1BE5B6828F01BC"><enum>(iv)</enum><text>provide technical
assistance and financial incentives to small and mid-sized businesses to
develop the work-force necessary to increase manufacturing capacity and meet
domestic and international nuclear quality assurance code requirements.</text>
</clause></subparagraph><subparagraph id="H542D4114143C4C27A4B4BCB8AA66212"><enum>(C)</enum><text>Within 9 months of
enactment, the interagency working group shall provide a report to Congress on
its findings under Section (2)(A) and (B), including recommendations for new
legislative authority where necessary.</text>
</subparagraph></paragraph><paragraph id="HE33526A6F7F24B2900A3165D95A5F307"><enum>(4)</enum><header>Trade
assistance</header><text>The interagency working group shall encourage the
member agencies of the interagency working group to—</text>
<subparagraph id="H478A007AD1054C1B90BA1EDDC7901EA6"><enum>(A)</enum><text>provide technical
training and education for international development personnel and local users
in their own country;</text>
</subparagraph><subparagraph id="H813B12EFA76940CDA85B6B2D228928F0"><enum>(B)</enum><text>provide financial
and technical assistance to nonprofit institutions that support the marketing
and export efforts of domestic companies that provide nuclear energy products
and services;</text>
</subparagraph><subparagraph id="H17F134EF2D2340F389DEA01B71AEA4F5"><enum>(C)</enum><text>develop nuclear
energy projects in foreign countries;</text>
</subparagraph><subparagraph id="H2FC4131EBD8B451F9FA8F3CE77B816F9"><enum>(D)</enum><text>provide technical
assistance and training materials to loan officers of the World Bank,
international lending institutions, commercial and energy attaches at embassies
of the United States and other appropriate personnel in order to provide
information about nuclear energy products and services to foreign governments
or other potential project sponsors;</text>
</subparagraph><subparagraph id="H56C708A3991B4BB5B3FC00B900C2FEE1"><enum>(E)</enum><text>support, through
financial incentives, private sector efforts to commercialize and export
nuclear energy products and services in accordance with the subsidy codes of
the World Trade Organization; and</text>
</subparagraph><subparagraph id="HF8F7A461C2EA4258934BC7D1C316EC7"><enum>(F)</enum><text>augment budgets for
trade and development programs in order to support prefeasibility or
feasibility studies for projects that utilize nuclear energy products and
services.</text>
</subparagraph></paragraph><paragraph id="H28784C26239B4E0CBE08F12494519041"><enum>(5)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary for purposes of carrying out this title $20,000,000 for fiscal years
2008 and 2009.</text>
</paragraph></subsection><subsection id="H02C6E61277DB4232A709E8486EB27F4E"><enum>(b)</enum><header>Credit for
qualifying nuclear power manufacturing</header><text>Subpart E of part IV of
subchapter A of chapter 1 of the Internal Revenue Code is amended by inserting
after section 48B the following new section:</text>
<quoted-block id="H35CD7C2255D04DBC8774FE72034B8589" style="OLC">
<section id="H5F94DCC75E32432FB97439F7729DD2F"><enum>48C.</enum><header>Qualifying
nuclear power manufacturing credit</header>
<subsection id="HC945F483402A43F5A7F7F0C97F0928F"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">For purposes of
section 46, the qualifying nuclear power manufacturing credit for any taxable
year is an amount equal to 20 percent of the qualified investment for such
taxable year.</text>
</subsection><subsection id="H07DD1093F2CF4509897CC793DA09C1D4"><enum>(b)</enum><header>Qualified
investment</header>
<paragraph id="HF369C58F70E6425D8676A8C5A6213824"><enum>(1)</enum><header>In
general</header><text>For purposes of subsection (a), the qualified investment
for any taxable year is the basis of eligible property placed in service by the
taxpayer during such taxable year—</text>
<subparagraph id="HC198C92A07B740748F58E7EFD9F546BD"><enum>(A)</enum><text>which is either
part of a qualifying nuclear power manufacturing project or is qualifying
nuclear power manufacturing equipment,</text>
</subparagraph><subparagraph id="HE135AEBF18534A769FB298857B79D312"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="H296864CC62284F9682673D679F134B87"><enum>(i)</enum><text>the construction,
reconstruction, or erection of which is completed by the taxpayer, or</text>
</clause><clause id="HB28FD43E51D6473ABEFB19156002483" indent="up1"><enum>(ii)</enum><text>which is acquired by the taxpayer
if the original use of such property commences with the taxpayer,</text>
</clause></subparagraph><subparagraph id="H708F2FF90DA242AF887C6D639B7E7294"><enum>(C)</enum><text>with respect to
which depreciation (or amortization in lieu of depreciation) is allowable,
and</text>
</subparagraph><subparagraph id="H161679E1EECC4BF2A357077330EA69C7"><enum>(D)</enum><text>which is placed in
service on or before December 31, 2015.</text>
</subparagraph></paragraph><paragraph id="HD1B32017C2DB4B7297E84C39A29B7F64"><enum>(2)</enum><header>Special rule for
certain subsidized property</header><text>Rules similar to section 48(a)(4)
shall apply for purposes of this section.</text>
</paragraph><paragraph id="HA4520639A3924D5D8C78B3B431F76AE"><enum>(3)</enum><header>Certain qualified
progress expenditures rules made applicable</header><text>Rules similar to the
rules of subsections (c)(4) and (d) of section 46 (as in effect on the day
before the enactment of the Revenue Reconciliation Act of 1990) shall apply for
purposes of this section.</text>
</paragraph></subsection><subsection id="H68FA613C801B4F2FB9558198CF2E9DB"><enum>(c)</enum><header>Definitions</header><text>For
purposes of this section—</text>
<paragraph id="H3FDC71C01DBB414B82DCFE87A3EC0388"><enum>(1)</enum><header>Qualifying
nuclear power manufacturing project</header><text>The term <term>qualifying
nuclear power manufacturing project</term> means any project which is designed
primarily to enable the taxpayer to produce or test equipment necessary for the
construction or operation of a nuclear power plant.</text>
</paragraph><paragraph id="H1326A1305DC9475B98759281D8E5148E"><enum>(2)</enum><header>Qualifying
nuclear power manufacturing equipment</header><text>The term <term>qualifying
nuclear power manufacturing equipment</term> means machine tools and other
similar equipment, including computers and other peripheral equipment, acquired
or constructed primarily to enable the taxpayer to produce or test equipment
necessary for the construction or operation of a nuclear power plant.</text>
</paragraph><paragraph id="HC18BFE0EE4044DCA82C44500B28D00B4"><enum>(3)</enum><header>Project</header><text>The
term <term>project</term> includes any building constructed to house qualifying
nuclear power manufacturing
equipment.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HD5994E11DDE34B32885778709FB98B86"><enum>(c)</enum><header>Conforming
amendments</header>
<paragraph id="HD61A20498D8E49EC9015B9C02DE3419"><enum>(1)</enum><header>Additional
investment credit</header><text>Section 46 is amended by—</text>
<subparagraph id="HD569CB200E3F4D1A9244E14FD68610DD"><enum>(A)</enum><text>striking
<quote>and</quote> at the end of paragraph (3);</text>
</subparagraph><subparagraph id="H0438141C14D441D59851AADDE1D92333"><enum>(B)</enum><text>striking the
period at the end of paragraph (4) and inserting <quote>, and</quote>;
and</text>
</subparagraph><subparagraph id="H75BFCADD9F964F10923C789DE4D7E116"><enum>(C)</enum><text>inserting after
paragraph (4) the following new paragraph:</text>
<quoted-block id="HA6840A16E8BF4282B33022D9849CD32D" style="OLC">
<paragraph id="H0C587679B06C42BEBB8747DCC4036800"><enum>(5)</enum><text>the qualifying
nuclear power manufacturing
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="HF728A1A486744D18B3F58FA5F49C2E4"><enum>(2)</enum><header>Application of
section 49</header><text>Subparagraph (C) of section 49(a)(1) is amended
by—</text>
<subparagraph id="H58F1C92278534BD2B52BA82302ECAB21"><enum>(A)</enum><text>striking
<quote>and</quote> at the end of clause (iii);</text>
</subparagraph><subparagraph id="H248858FD0EEE443B8805CC9290B55CC"><enum>(B)</enum><text>striking the period
at the end of clause (iv) and inserting <quote>, and</quote>; and</text>
</subparagraph><subparagraph id="H46AAED158B354D4F99A05093005BAB0"><enum>(C)</enum><text>inserting after
clause (iv) the following new clause:</text>
<quoted-block id="H88AB9999CBD246BAA9873F07C9FE6EA8" style="OLC">
<clause id="H089FB6B832AA41FFA8060770FED68C8D"><enum>(v)</enum><text>the basis of any
property which is part of a qualifying nuclear power equipment manufacturing
project under section
48C.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" id="HAFAAFB6BDB9D489DBF28257DE05F6B63"><enum>(3)</enum><header>Table of
sections</header><text>The table of sections preceding section 46 is amended by
inserting after the line for section 48B the following new line:</text>
<quoted-block display-inline="no-display-inline" id="HA6F6206A5F6943F9BDEC423C55BD00ED" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 48C. Qualifying nuclear power
manufacturing
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" id="H4D721BF7A24F47C2A900A6C1A91A32F"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to
property—</text>
<paragraph commented="no" id="HABCD758F1B93447D8520134ECAFC90B8"><enum>(1)</enum><text>the construction,
reconstruction, or erection of which of began after the date of enactment;
or</text>
</paragraph><paragraph commented="no" id="H1ED41366C711447EA58FC50008452EE9"><enum>(2)</enum><text>which was acquired
by the taxpayer on or after the date of enactment and not pursuant to a binding
contract which was in effect on the day prior to the date of enactment.</text>
</paragraph></subsection></section><section id="H37A2775D6B644AF2ADB3B3A6A3073F6F"><enum>605.</enum><header>Nuclear energy
workforce</header><text display-inline="no-display-inline">Section 1101 of the
Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16411">42 U.S.C. 16411</external-xref>) is amended (1) by redesignating
subsection (d) as subsection (e); and by inserting after subsection (c) the
following:</text>
<quoted-block id="H4337832B0D68491288C214E2457476D1" style="OLC">
<subsection id="H46AA66BA8CFA4BD4BF88C0632B7CC436"><enum>(d)</enum><header>Workforce
training</header>
<paragraph id="HC6FA005E55644022AC9CC4D3D2471E2E"><enum>(1)</enum><header>In
general</header><text>The Secretary of Labor, in cooperation with the Secretary
of Energy, shall promulgate regulations to implement a program to provide
workforce training to meet the high demand for workers skilled in the nuclear
utility and nuclear energy products and services industries.</text>
</paragraph><paragraph id="H4EB2B5EEE39143A2953C7D2D17B29EE9"><enum>(2)</enum><header>Consultation</header><text>In
carrying out this subsection, the Secretary of Labor shall consult with
representatives of the nuclear utility and nuclear energy products and services
industries, and organized labor, concerning skills that are needed in those
industries.</text>
</paragraph><paragraph id="H63B172FC896F49B080BE41A85F18895E"><enum>(3)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary of Labor, working in coordination with the Secretaries of Education
and Energy $20,000,000 for each of fiscal years 2008 through 2012 for use in
implementing a program to provide workforce training to meet the high demand
for workers skilled in the nuclear utility and nuclear energy products and
services
industries.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="HA9EF2DFCBF7940318828A5500C4003D"><enum>606.</enum><header>Licensing of new
nuclear power plants</header><text display-inline="no-display-inline">Sections
189 and 185 of the Atomic Energy Act are amended thus:</text>
<paragraph id="HE60208DBED054BB78C03882F2CB6A5C7"><enum>(1)</enum><header>Hearings and
judicial review</header><text>Section 189a.(1)(A) is modified thus: <quote>In
any proceeding under this Act, for the granting, suspending, revoking, or
amending of any license or construction permit, or application to transfer
control, and in any proceeding for the issuance or modification of rules and
regulations dealing with the activities of licensees, and in any proceeding for
the payment of compensation, an award, or royalties under section 153, 157,
186c., or 188, the Commission shall grant a hearing upon the request of any
person whose interest may be affected by the proceeding, and shall admit any
such person as a party to such proceeding. The Commission may, in the absence
of a request therefor by any person whose interest may be affected, issue a
construction permit, an operating license or an amendment to a construction
permit or an amendment to an operating license without a hearing, but upon
thirty days’ notice and publication once in the Federal Register of its intent
to do so. The Commission may dispense with such thirty days’ notice and
publication with respect to any application for an amendment to a construction
permit or an amendment to an operating license upon a determination by the
Commission that the amendment involves no significant hazards
consideration.</quote>.</text>
</paragraph><paragraph id="H72664846900649A4A4371744CC3047C"><enum>(2)</enum><header>Construction
permits and operating licenses</header><text display-inline="yes-display-inline">Section 185b is modified thus: <quote>After
any public hearing held under section 189a.(1)(A), the Commission shall issue
to the applicant a combined construction and operating license if the
application contains sufficient information to support the issuance of a
combined license and the Commission determines that there is reasonable
assurance that the facility will be constructed and will operate in conformity
with the license, the provisions of this Act, and the Commission’s rules and
regulations. The Commission shall identify within the combined license the
inspections, tests, and analyses, including those applicable to emergency
planning, that the licensee shall perform, and the acceptance criteria that, if
met, are necessary and sufficient to provide reasonable assurance that the
facility has been constructed and will be operated in conformity with the
license, the provisions of this Act, and the Commission’s rules and
regulations. Following issuance of the combined license, the Commission shall
ensure that the prescribed inspections, tests, and analyses are performed and,
prior to operation of the facility, shall find that the prescribed acceptance
criteria are met. Any finding made under this subsection shall not require a
hearing except as provided in section 189a.(1)(B).</quote>.</text>
</paragraph></section><section id="H9BFA953CED394D3FBB2CD66B92A09200"><enum>607.</enum><header>Investment tax
credit for investments in nuclear power facilities</header>
<subsection id="HE0052A64D91C4BE4ACE6FB22FACF43E"><enum>(a)</enum><header>New credit for
nuclear power facilities</header><text>Section 46 is amended by—</text>
<paragraph id="H79871E6AA8A745DA91BEFE29880077D7"><enum>(1)</enum><text>striking
<quote>and</quote> at the end of paragraph (3);</text>
</paragraph><paragraph id="H2490774253834ED98F69D770B280F396"><enum>(2)</enum><text>striking the
period at the end of paragraph (4) and inserting <quote>, and</quote>;
and</text>
</paragraph><paragraph id="H08215D8901D240168E4DFDF93B8566B"><enum>(3)</enum><text>inserting after
paragraph (4) the following new paragraph:</text>
<quoted-block id="H3902466AEA704590987F66BA152E003E" style="OLC">
<paragraph id="H4309896AD6F144F885FC1FE1E401CD96"><enum>(5)</enum><text>the nuclear power
facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H773FB83D77334CF59B3DF1B6B4C99352"><enum>(b)</enum><header>Nuclear power
facility construction credit</header><text>Subpart E of part IV of subchapter A
of chapter 1 is amended by inserting after section 48B the following new
section:</text>
<quoted-block id="HC930A3B6E5284550A3A3733EEA162FEE" style="OLC">
<section id="H46ADF698935644CEA4D96E4E23EBC8EB"><enum>48C.</enum><header>Nuclear power
facility construction credit</header>
<subsection id="H6ED64048805D48E5A42FCC34D686D31"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the nuclear power facility
construction credit for any taxable year is 10 percent of the qualified nuclear
power facility expenditures with respect to a qualified nuclear power
facility.</text>
</subsection><subsection id="H28661D625A684D28948B06CA63342141"><enum>(b)</enum><header>When
expenditures taken into account</header>
<paragraph id="H2CA0F97CD6E645CCB2DCAA1E008F1B15"><enum>(1)</enum><header>In
general</header><text>Qualified nuclear power facility expenditures shall be
taken into account for the taxable year in which the qualified nuclear power
facility is placed in service.</text>
</paragraph><paragraph id="H450E68342E2D4E48B1C967DE1199797C"><enum>(2)</enum><header>Coordination
with subsection <enum-in-header>(c)</enum-in-header></header><text>The amount
which would (but for this paragraph) be taken into account under paragraph (1)
with respect to any qualified nuclear power facility shall be reduced (but not
below zero) by any amount of qualified nuclear power facility expenditures
taken into account under subsection (c) by the taxpayer or a predecessor of the
taxpayer (or, in the case of a sale and leaseback described in section
50(a)(2)(C), by the lessee), to the extent any amount so taken into account has
not been required to be recaptured under section 50(a).</text>
</paragraph></subsection><subsection id="HDF1BBAEDCFFE44D189A3CAC61E21E400"><enum>(c)</enum><header>Progress
expenditures</header>
<paragraph id="H5F075D08235B45FBAF390831C6180863"><enum>(1)</enum><header>In
general</header><text>A taxpayer may elect to take into account qualified
nuclear power facility expenditures.</text>
<subparagraph id="HEC2A896E18264A1B00AEAD3C23A2B71C"><enum>(A)</enum><header>Self-constructed
property</header><text>In the case of a qualified nuclear power facility which
is a self-constructed facility, in the taxable year for which such expenditures
are properly chargeable to capital account with respect to such
facility.</text>
</subparagraph><subparagraph id="HAC3E9B3E6D8A479A93AFF0E90687D500"><enum>(B)</enum><header>Acquired
facility</header><text>In the case of a qualified nuclear facility which is not
self-constructed property, in the taxable year in which such expenditures are
paid.</text>
</subparagraph></paragraph><paragraph id="HDE8117C5C1C646D785D422B678AF5BE5"><enum>(2)</enum><header>Special rules
for applying paragraph (1)</header><text>For purposes of paragraph (1):</text>
<subparagraph id="H1280B3F7F3444A2E982FA300CBABF45F"><enum>(A)</enum><header>Component parts,
etc</header><text>Property which is not self-constructed property and which is
to be a component part of, or is otherwise to be included in, any facility to
which this subsection applies shall be taken into account in accordance with
paragraph (1)(B).</text>
</subparagraph><subparagraph id="H179B2032C80E4EB1AB26EDFDBF00E638"><enum>(B)</enum><header>Certain
borrowing disregarded</header><text>Any amount borrowed directly or indirectly
by the taxpayer on a nonrecourse basis from the person constructing the
facility for the taxpayer shall not be treated as an amount expended for such
facility.</text>
</subparagraph><subparagraph id="HE4513D8AE9BE4D65A0DDEB2DCDBA09A7"><enum>(C)</enum><header>Limitation for
facilities or components which are not self-constructed</header>
<clause id="H54DA9195E9174430006C08FF9084DF33"><enum>(i)</enum><header>In
general</header><text>In the case of a facility or a component of a facility
which is not self-constructed, the amount taken into account under paragraph
(1)(B) for any taxable year shall not exceed the amount which represents the
portion of the overall cost to the taxpayer of the facility or component of a
facility which is properly attributable to the portion of the facility or
component which is completed during such taxable year.</text>
</clause><clause id="HB54CA738A022441AA7F88B7B52A5154C"><enum>(ii)</enum><header>Carry-over of
certain amounts</header><text>In the case of a facility or component of a
facility which is not self-constructed, if for the taxable year—</text>
<subclause id="HA2994CD05A734409A48E840119F500EB"><enum>(I)</enum><text>the amount which
(but for clause (i)) would have been taken into account under paragraph (1)(B)
exceeds the limitation of clause (i), then the amount of such excess shall be
taken into account under paragraph (1)(B) for the succeeding taxable year;
or</text>
</subclause><subclause id="H37E4253F47424CD38FE22EFC95EEC2C3"><enum>(II)</enum><text>the limitation of
clause (i) exceeds the amount taken into account under paragraph (1)(B), then
the amount of such excess shall increase the limitation of clause (i) for the
succeeding taxable year.</text>
</subclause></clause></subparagraph><subparagraph id="HAC69BBDF0C8D46F592295CE88ED7FDC2"><enum>(D)</enum><header>Determination of
percentage of completion</header><text>The determination under subparagraph
(C)(i) of the portion of the overall cost to the taxpayer of the construction
which is properly attributable to construction completed during any taxable
year shall be made on the basis of engineering or architectural estimates or on
the basis of cost accounting records. Unless the taxpayer establishes otherwise
by clear and convincing evidence, the construction shall be deemed to be
completed not more rapidly than ratably over the normal construction
period.</text>
</subparagraph><subparagraph id="H8C3AAB3EBB72426B869907B7CB003E69"><enum>(E)</enum><header>No progress
expenditures for certain prior periods</header><text>No qualified nuclear
facility expenditures shall be taken into account under this subsection for any
period before the first day of the first taxable year to which an election
under this subsection applies.</text>
</subparagraph><subparagraph id="H25A8B4D2BC094BD6B6F69D6664A787CD"><enum>(F)</enum><header>No progress
expenditures for property for year it is placed in service,
etc</header><text>In the case of any qualified nuclear facility, no qualified
nuclear facility expenditures shall be taken into account under this subsection
for the earlier of—</text>
<clause id="HD6D1F8248F9B4AD5B4F2895D41CBB600"><enum>(i)</enum><text>the taxable year
in which the facility is placed in service; or</text>
</clause><clause id="H91822B9F48554435B3CD00551F19E596"><enum>(ii)</enum><text>the first taxable
year for which recapture is required under section 50(a)(2) with respect to
such facility, or for any taxable year thereafter.</text>
</clause></subparagraph></paragraph><paragraph id="H3B9F7FB8D5D8437DA9FB231600BA3800"><enum>(3)</enum><header>Self-constructed</header><text>For
purposes of this subsection:</text>
<subparagraph id="HE777034A06794E4EBE25DBFEA58ED82F"><enum>(A)</enum><text>The term
<term>self-constructed facility</term> means any facility if it is reasonable
to believe that more than half of the qualified nuclear facility expenditures
for such facility will be made directly by the tax-payer.</text>
</subparagraph><subparagraph id="HD08F513BE9594FC7BFB734293E5D3D95"><enum>(B)</enum><text>A component of a
facility shall be treated as not self-constructed if the cost of the component
is at least 5 percent of the expected cost of the facility and the component is
acquired by the taxpayer.</text>
</subparagraph></paragraph><paragraph id="HF326C12B01374A33B47BE218BAD91342"><enum>(4)</enum><header>Election</header><text>An
election shall be made under this section for a qualified nuclear power
facility by claiming the nuclear power facility construction credit for
expenditures described in paragraph (1) on a tax return filed by the due date
for such return (taking into account extensions). Such an election shall apply
to the taxable year for which made and all subsequent taxable years. Such an
election, once made, may be revoked only with the consent of the
Secretary.</text>
</paragraph></subsection><subsection id="H4B4BFE02C28B46B28E7BBA10B47ECE64"><enum>(d)</enum><header>Definitions and
special rules</header><text>For purposes of this section:</text>
<paragraph id="H65BE60D354E5403D91CBDE7DA37617D"><enum>(1)</enum><header>Qualified nuclear
power facility</header><text>The term <term>qualified nuclear power
facility</term> means an advanced nuclear power facility, as defined in section
45J, the construction of which was approved by the Nuclear Regulatory
Commission on or before December 31, 2013.</text>
</paragraph><paragraph id="H4D7FA09B53E7444E899C945DF7466BC0"><enum>(2)</enum><header>Qualified
nuclear power facility expenditures</header>
<subparagraph id="H363278E43D854284A5C802F21406E116"><enum>(A)</enum><header>In
general</header><text>The term <term>qualified nuclear power facility
expenditures</term> means any amount properly chargeable to capital
account—</text>
<clause id="H636472F8A19E4D44B19B19D245AFB379"><enum>(i)</enum><text>with respect to a
qualified nuclear power facility;</text>
</clause><clause id="HDEC9A70E92B948DF86227FC157C46E99"><enum>(ii)</enum><text>for which
depreciation is allowable under section 168; and</text>
</clause><clause id="HC766744C9A99420DB857227BEB3117CA"><enum>(iii)</enum><text>which are
incurred before the qualified nuclear power facility is placed in service or in
connection with the placement of such facility in service.</text>
</clause></subparagraph><subparagraph id="HE286EE9263F54B5CB9992613C193AE31"><enum>(B)</enum><header>Pre-effective
date expenditures</header><text>Qualified nuclear power facility expenditures
do not include any expenditures incurred by the taxpayer before January 1,
2007, unless such expenditures constitute less than 20 percent of the total
qualified nuclear power facility expenditures (determined without regard to
this subparagraph) for the qualified nuclear power facility.</text>
</subparagraph></paragraph><paragraph id="H21FB81534A55424C8BD79914A625E0A6"><enum>(3)</enum><header>Delays and
suspension of construction</header>
<subparagraph id="H1EEB0B6546E640DDB4BD35003B3858E8"><enum>(A)</enum><header>In
general</header><text>For purposes of applying this section and section 50, a
nuclear power facility that is under construction shall cease to be treated as
a facility that will be a qualified nuclear power facility as of the earlier
of—</text>
<clause id="H4139E4CF92E14F2BA0A3001F40DBE269"><enum>(i)</enum><text>the date on which
the taxpayer decides to terminate construction of the facility; or</text>
</clause><clause id="H0B39C8519BB74D2586FA0012875EE9A2"><enum>(ii)</enum><text>the last day of
any 24-month period in which the taxpayer has failed to incur qualified nuclear
power facility expenditures totaling at least 20 percent of the expected total
cost of the nuclear power facility.</text>
</clause></subparagraph><subparagraph id="H3AE58BA7707A40C8857F928112CA4F93"><enum>(B)</enum><header>Authority to
waive</header><text>The Secretary may waive the application of clause (ii) of
subparagraph (A) if the Secretary determines that the taxpayer intended to
continue the construction of the qualified nuclear power facility and the
expenditures were not incurred for reasons outside the control of the
taxpayer.</text>
</subparagraph><subparagraph id="H9D3EBD4A5A4546DD00E4469CF9393B7E"><enum>(C)</enum><header>Resumption of
construction</header><text>If a nuclear power facility that is under
construction ceases to be a qualified nuclear power facility by reason of
paragraph (2) and work is subsequently resumed on the construction of such
facility—</text>
<clause id="HB3FDEE9902C14F449BB9B9DA4886645E"><enum>(i)</enum><text>the date work is
subsequently resumed shall be treated as the date that construction began for
purposes of paragraph (1); and</text>
</clause><clause id="H1148C330E7C2405586B527C01BD49F65"><enum>(ii)</enum><text>if the facility
is a qualified nuclear power facility, the qualified nuclear power facility
expenditures shall be determined without regard to any delay or temporary
termination of construction of the
facility.</text>
</clause></subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HD91D5F9C750945DF92F443CFDEB2C0C8"><enum>(c)</enum><header>Provisions
relating to credit recapture</header>
<paragraph id="H960466E2BD3C47639E10B2BFA4B74DAE"><enum>(1)</enum><header>Progress
expenditure recapture rules</header>
<subparagraph id="HB2E9C6C7454244269C237F488D440069"><enum>(A)</enum><header>Basic
rules</header><text>Subparagraph (A) of section 50(a)(2) is amended to read as
follows:</text>
<quoted-block id="H3506651F643342A4AC3258949904BF00" style="OLC">
<subparagraph id="H25F8412F5C5E4D3AB916B722ECB43D83"><enum>(A)</enum><header>In
general</header><text>If during any taxable year any building to which section
47(d) applied or any facility to which section 48C(c) applied ceases (by reason
of sale or other disposition, cancellation or abandonment of contract, or
otherwise) to be, with respect to the taxpayer, property which, when placed in
service, will be a qualified rehabilitated building or a qualified nuclear
power facility, then the tax under this chapter for such taxable year shall be
increased by an amount equal to the aggregate decrease in the credits allowed
under section 38 for all prior taxable years which would have resulted solely
from reducing to zero the credit determined under this subpart with respect to
such building or
facility.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="HD62D2C1F3D904F95AFD2F404C552B3AA"><enum>(B)</enum><header>Amendment to
excess credit recapture rule</header><text>Subparagraph (B) of section 50(a)(2)
is amended by—</text>
<clause id="HC32A4D6A532A4A8A9D48ACE1307E75AB"><enum>(i)</enum><text>inserting
<quote>or paragraph (2) of section 48C(b)</quote> after <quote>paragraph (2) of
section 47(b)</quote>;</text>
</clause><clause id="HFD65CC9F413243B4B6371E54F9800E1"><enum>(ii)</enum><text>inserting
<quote>or section 48C(b)(1)</quote> after <quote>section 47(b)(1)</quote>;
and</text>
</clause><clause id="H3F62BDAAFF5740C600F091E22EBC79"><enum>(iii)</enum><text>inserting
<quote>or facility</quote> after <quote>building</quote>.</text>
</clause></subparagraph><subparagraph id="H730566435F0443DBAB949D16788FECBA"><enum>(C)</enum><header>Amendment of
sale and leaseback rule</header><text>Subparagraph (C) of section 50(a)(2) is
amended by—</text>
<clause id="H8E8B34A8E9274A39A9033EE7F8D61E83"><enum>(i)</enum><text>inserting
<quote>or section 48C(c)</quote> after <quote>section 47(d)</quote>; and</text>
</clause><clause id="H079FAB0C68D1499CB1E37B6196A387E5"><enum>(ii)</enum><text>inserting
<quote>or qualified nuclear power facility expenditures</quote> after
<quote>qualified rehabilitation expenditures</quote>.</text>
</clause></subparagraph><subparagraph id="H55335A15D8F74BF1AFD240FB67248945"><enum>(D)</enum><header>Other
amendment</header><text>Subparagraph (D) of section 50(a)(2) is amended by
inserting <quote>or section 48C(c)</quote> after <quote>section
47(d)</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H28F18A02F0074756BEFFF491502B95F"><enum>(d)</enum><header>No basis
adjustment</header><text>Section 50(c) is amended by inserting at the end
thereof the following new paragraph:</text>
<quoted-block id="H52855CD19214463F923B64E9D2D13468" style="OLC">
<paragraph id="H3AC58C89AF9949D291CB26C8BF7D0E7"><enum>(6)</enum><header>Nuclear power
facility construction credit</header><text>Paragraphs (1) and (2) shall not
apply to the nuclear power facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HF057BCEF90B74E07BD7807A9A800F092"><enum>(e)</enum><header>Technical
amendments</header><text>The table of sections for subpart E of part IV of
subchapter A of chapter 1 is amended by inserting after the line for section
48B the following new line:</text>
<quoted-block display-inline="no-display-inline" id="HFED62596B1FA404B0043A04C2E38BA7D" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 48C. Nuclear power facility
construction
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H2FFAAECB0C684A93809E978E10CA30EA"><enum>(f)</enum><header>Effective
date</header><text>The amendments made by this section of this Act shall be
effective for expenditures incurred and property placed in service in taxable
years beginning after the date of enactment.</text>
</subsection></section><section id="H11E63787085D4F0D8681203D923D6CB6"><enum>608.</enum><header>National
Nuclear Energy Council</header>
<subsection id="HDDAA7D51F5E049539D3271C909C6BA1"><enum>(a)</enum><header>In
general</header>
<paragraph id="HB50C5AFA1275407BBDA1AB9DF34682D"><enum>(1)</enum><text>The Secretary of
Energy shall establish a National Nuclear Energy Council (hereinafter the
<quote>Council</quote>).</text>
</paragraph><paragraph id="H31316A28F9654C7497507106F0EDFE42"><enum>(2)</enum><text>The National
Nuclear Energy Council shall be subject to the requirements of the Federal
Advisory Committee Act (5 U.S.C. Appendix 2).</text>
</paragraph></subsection><subsection id="HBC15666932034816A94440E3F9651F00"><enum>(b)</enum><header>Purpose</header><text>The
National Nuclear Energy Council shall—</text>
<paragraph id="H043CD184F7D649B18B02E7F164C3AD45"><enum>(1)</enum><text>serve in an
advisory capacity to the Secretary of Energy regarding nuclear energy on
matters submitted to the Council by the Secretary of Energy; and</text>
</paragraph><paragraph id="HD76910F52FB6402E9F57F867E40011FA"><enum>(2)</enum><text>advise, inform,
and make recommendations to the Secretary of Energy, and represent the views of
the nuclear energy industry with respect to any matter relating to nuclear
energy.</text>
</paragraph></subsection><subsection id="HCF88A2F4396E451B9F7BD5597191BA8B"><enum>(c)</enum><header>Membership and
organization</header>
<paragraph id="HAA5CEEF373D041CB8628BCC3C76C99A4"><enum>(1)</enum><text>The members of the
Council shall be appointed by the Secretary of Energy.</text>
</paragraph><paragraph id="H4B94C591AC27408D9BC2829000A1283"><enum>(2)</enum><text>The Council may
establish such study and administrative committees as it may deem appropriate.
Study committees shall only assist the Council in preparing its advice,
information, or recommendations to the Secretary of Energy. Administrative
committees shall be formed solely for the purpose of assisting the Council or
its Chairman in the management of the internal affairs of the Council.</text>
</paragraph><paragraph id="H38BEFCACCC224C1188C4B5AB2808A7E1"><enum>(3)</enum><text>The officers of
the Council shall consist of a Chairman, a Vice Chairman, and such other
officers as may be approved by the Council. The Chairman and Vice Chairman must
be members of the Council and shall receive no compensation for service as
officers of the Council.</text>
</paragraph><paragraph id="HD85ABDD76696478E849F8D6B9D002E05"><enum>(4)</enum><text>The Secretary of
Energy shall be Cochairman of the Council. If the Secretary of Energy
designates a full-time, salaried official of the Department of Energy as his
alternate, such alternate may exercise any duties of the Secretary of Energy
and may perform any function on the Council otherwise reserved for the
Secretary of Energy.</text>
</paragraph><paragraph id="HD1E87DB8DD9E4EF9942F758946D3532B"><enum>(5)</enum><text>The Chairman and
the Vice Chairman shall be elected by the Council at its organizational meeting
to serve until their successors are elected at the next organizational meeting
of the Council.</text>
</paragraph></subsection><subsection id="H6136B03AA91C461A9EFB457BE478115D"><enum>(d)</enum><header>Meetings</header>
<paragraph id="HE5BC052FEA844E81A660C36149300097"><enum>(1)</enum><text>Regular meetings
of the Council shall be held at least twice each year at times determined by
the Chairman and approved by the Government Cochairman.</text>
</paragraph><paragraph id="H7AE9C011C8604BC4BE0098D5DAD0079"><enum>(2)</enum><text>No
meeting of the Council shall be held unless the Government Cochairman approves
the agenda thereof, approves the calling thereof, and is present
thereat.</text>
</paragraph><paragraph id="H8BD01D0B9F7A43ECADC312DD208F368"><enum>(3)</enum><text>The time and place
of all Council meetings shall be given general publicity and such meetings
shall be open to the public.</text>
</paragraph></subsection><subsection id="HF9EDC70EC6F9419FABF4A3735B990061"><enum>(e)</enum><header>Studies by the
council</header>
<paragraph id="H431950A39B634198B4C8D100D2F85CDC"><enum>(1)</enum><text>The Council may
establish study committees to prepare reports for the consideration of the
Council pursuant to requests from the Secretary of Energy for advice,
information, and recommendations.</text>
</paragraph><paragraph id="HD4866B655F65459CA09CDB1C33B00953"><enum>(2)</enum><text>The Secretary of
Energy or a full-time employee of the Department of Energy designated by the
Secretary shall be the Cochairman of each study committee.</text>
</paragraph><paragraph id="H8C9FE1C815FE4055B71CAF8D129E6D78"><enum>(3)</enum><text>The members of
study committees shall be selected from the Council membership on the basis of
their training, experience, and general qualifications to deal with the matters
assigned.</text>
</paragraph></subsection></section><section id="H062A7A4CBE8F4544AF80B30016D2DD85"><enum>609.</enum><header>Temporary spent
nuclear fuel storage agreements</header>
<subsection id="HDF942C3824BE4116A432AD9B888EDDC2"><enum>(a)</enum><header>Authorization
and location</header><text>The Secretary of Energy (Secretary) is authorized to
initiate spent nuclear fuel storage agreements as provided herein.</text>
<paragraph id="H47B9AA9F7C5A4760A35B0718C3AE8365"><enum>(1)</enum><text>No later than 180
days from the date of enactment of this Act, representatives of a community may
submit written notice to the Secretary that the community is willing to host a
temporary spent nuclear fuel storage facility within its jurisdiction.</text>
</paragraph><paragraph id="HB154601D7C1B42E1A6B5EB71AACE6981"><enum>(2)</enum><text>Within 90 days of
the receipt of the notification under subsection (a)(1), the Secretary shall
determine whether the identified site is suitable for a temporary storage
facility. In determining the site’s suitability, the Secretary will evaluate
technical feasibility and consider favorably local support for collocating a
temporary spent nuclear fuel storage facility with facilities in-tended to
develop and implement advanced nuclear fuel cycle technologies.</text>
</paragraph></subsection><subsection id="H36D93AA9246446658C1CF18CFB774255"><enum>(b)</enum><header>Content of
agreements</header><text>If the Secretary determines one or more sites to be
suitable in accordance with subsection (a)(2), negotiation of a temporary spent
nuclear fuel storage facility agreement shall proceed.</text>
<paragraph id="H6E4E82B68F604D2DBBB0FDD1ACF2259"><enum>(1)</enum><text>Any temporary spent
nuclear fuel storage agreement shall contain such terms and conditions,
including financial, institutional and such other arrangements as the Secretary
and community determine to be reasonable and appropriate.</text>
</paragraph><paragraph id="H6218DAC8C50A4B2697E177CCA949D09E"><enum>(2)</enum><text>Any temporary
spent nuclear fuel storage agreement may be amended only with the mutual
consent of the parties to the agreement.</text>
</paragraph></subsection><subsection id="H199BE86B69604F24ABFA086D5E0233DF"><enum>(c)</enum><header>Environmental
impact statement</header><text>Execution of a temporary spent nuclear fuel
storage agreement shall not require preparation of an environmental impact
statement under section 102(2)(C) of the National Environmental Policy Act of
1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(C)</external-xref>) or require any environmental review under
subparagraph (E) or (F) of section 102(2) of such Act (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(E)</external-xref>,
(F)).</text>
</subsection></section><section id="H6ACE0B36FFD049FEB7467DB9EBE5155D"><enum>610.</enum><header>Implementation
of temporary spent nuclear fuel storage agreements</header>
<subsection id="H6661E3218DB848AE94150097008805C4"><enum>(a)</enum><header>In
general</header><text>Any temporary spent nuclear fuel storage agreement or
agreements entered into under section 1 shall enter into force with respect to
the United States if (and only if)—</text>
<paragraph id="H23103A8D91F54051BCFF2911FF26F17"><enum>(1)</enum><text>the Secretary, at
least 60 days before the day on which he or she enters into the temporary spent
nuclear fuel storage agreement or agreements notifies the House of
Representatives and the Senate of his intention to enter into the agreement or
agreements, and promptly thereafter publishes notice of such intention in the
Federal Register;</text>
</paragraph><paragraph id="HC6939264B9A446F885823BE5BCA6D382"><enum>(2)</enum><text>the Governor of
the State or States in which the facility is proposed to be located submits
written notice to the Secretary that the Governor supports the temporary spent
nuclear fuel storage agreement; and</text>
</paragraph><paragraph id="H98E0B18A363745DD83EA31D4E7195EE2"><enum>(3)</enum><text>after entering
into the agreement, the Secretary submits to the House of Representatives and
to the Senate a copy of the final text of the agreement, together with—</text>
<subparagraph id="H05F73460D7EE48578800143BF9C234B"><enum>(A)</enum><text>a draft of an
implementing bill; and</text>
</subparagraph><subparagraph id="HA3E9D5D413664CE4AFBF1B4F88BC0077"><enum>(B)</enum><text>a statement of any
administrative action proposed to implement the agreement.</text>
</subparagraph></paragraph></subsection><subsection id="H7353457421B143A3985DD3CC1629DCB"><enum>(b)</enum><header>Application of
expedited procedures to implementing bills</header><text>The provisions of
section 3 apply to implementing bills submitted with respect to temporary spent
nuclear fuel storage agreements entered into and submitted pursuant to section
2.</text>
</subsection></section><section id="H4F27FA8353CE48D9979E2E357189BE9"><enum>611.</enum><header>Expedited
procedures for congressional review of temporary spent nuclear fuel storage
agreements</header>
<subsection id="H06473D59453D4B8099F422E2B115A02F"><enum>(a)</enum><header>Rules of house
of representative and senate</header><text>The provisions of this subsection
are enacted by the Congress—</text>
<paragraph id="H8A4BA143904344528FD6E535DF93B7F6"><enum>(1)</enum><text>as an exercise of
the rulemaking power of the House of Representatives and the Senate,
respectively, and as such they are deemed a part of the rules of each House,
respectively, but applicable only with respect to the procedure to be followed
in that House in the case of implementing bills de-scribed in subsection (b)(2)
of this section and approval resolutions described in subsection (b)(3) of this
section; and they supersede other rules only to the extent that they are
inconsistent therewith; and</text>
</paragraph><paragraph id="H62EBEE6F76B9403D9373ACD9F936703D"><enum>(2)</enum><text>with full
recognition of the constitutional right of either House to change the rules (so
far as relating to the procedure of that House) at any time, in the same manner
and to the same extent as in the case of any other rule of that House.</text>
</paragraph></subsection><subsection id="H768C221406CF40FE92EB5B9630B15FD5"><enum>(b)</enum><header>Definitions</header><text>For
purposes of this section—</text>
<paragraph id="H62DF20E23A0D4E50949592534E00D812"><enum>(1)</enum><text>The term
<term>community</term> means any entity of local government appropriate, in
terms of legal authority, for negotiating and entering into temporary spent
nuclear fuel storage agreements provided for in section 1.</text>
</paragraph><paragraph id="H8F6D7D9B16AE4375A5CEFD588B8FB4C2"><enum>(2)</enum><text>The term
<term>implementing bill</term> means only a bill of either House of Congress
which is introduced as provided in subsection (c) of this section with respect
to one or more temporary spent nuclear fuel storage agreements and which
contain—</text>
<subparagraph id="H4837FE9EF9EE420F98B91FC2B41C3E0"><enum>(A)</enum><text>a provision
approving such storage agreements;</text>
</subparagraph><subparagraph id="H689956A2FE8643FEBA004649933013D9"><enum>(B)</enum><text>a provision
approving the statement of administrative action (if any) proposed to implement
such storage agreements;</text>
</subparagraph><subparagraph id="H9FD3CA082E104426901CC16EAC42087B"><enum>(C)</enum><text>if changes in
existing laws or new statutory authority is required to implement such storage
agreement or agreements, provisions necessary or appropriate to implement such
agreement or agreements either repealing or amending existing laws or providing
new statutory authority; and</text>
</subparagraph><subparagraph id="H99AB0952A616416BBFC1EE90A9008D20"><enum>(D)</enum><text>a provision
containing revenue measures (if any), by reason of which the bill must
originate in the House of Representatives as provided for in subsection
(c).</text>
</subparagraph></paragraph><paragraph id="H418FF272BF1541BDAB5B37E9617C457D"><enum>(3)</enum><text>The term
<term>approval resolution</term> means only a joint resolution of the two
Houses of the Congress, the matter after the resolving clause of which is as
follows: <quote>That the Congress approves the temporary spent nuclear fuel
storage agreement between the Secretary of Energy and _________ on
______,</quote> the first blank space being filled with the name of the
governor involved and the second blank space being filled in with the
appropriate date.</text>
</paragraph></subsection><subsection id="H728FF5C0FEA042CD9CF485A720A23105"><enum>(c)</enum><header>Introduction and
referral</header><text>On the day on which the temporary spent nuclear fuel
storage agreement is submitted to the House of Representatives and the Senate
under this title, the implementing bill submitted by the Secretary with respect
to such temporary spent nuclear fuel storage agreement shall be introduced (by
request) in the House by the majority leader of the House, for himself and the
minority leader of the House, or by Members of the House designated by the
majority leader and minority leader of the House; and shall be introduced (by
request) in the Senate by the majority leader of the Senate, for himself and
the minority leader of the Senate, or by Members of the Senate designated by
the majority leader and minority leader of the Senate. If either House is not
in session on the day on which such temporary spent nuclear fuel storage
agreement is submitted, the implementing bill shall be introduced in that
House, as provided in the preceding sentence, on the first day thereafter on
which that House is in session. Such bills shall be referred by the Presiding
Officers of the respective Houses to the appropriate committee, or, in the case
of a bill containing provisions within the jurisdiction of two or more
committees, jointly to such committees for consideration of those provisions
within their respective jurisdictions.</text>
</subsection><subsection id="HD3AA2854C4ED45239CBDD4C984BA5903"><enum>(d)</enum><header>Amendments
prohibited</header><text>No amendment to an implementing bill or approval
resolution shall be in order in either the House of Representatives or the
Senate; and no motion to suspend the application of this subsection shall be in
order in either House, nor shall it be in order in either House for the
Presiding Officer to entertain a request to suspend the application of this
subsection by unanimous consent.</text>
</subsection><subsection id="H4CD40E50C78344B4ADA6A832F05BB284"><enum>(e)</enum><header>Period for
committee and floor consideration</header>
<paragraph id="H22F61BC4AD25402DBAA06B82DBF6005D"><enum>(1)</enum><text>Except as provided
in subsection (e)(2), if the committee or committees of either House to which
an implementing bill or approval resolution has been referred have not reported
it at the close of the 45th day after its introduction, such committee or
committees shall be automatically discharged from further consideration of the
bill or resolution and it shall be placed on the appropriate calendar. A vote
on final passage of the bill or resolution shall be taken in each House on or
before the close of the 15th day after the bill or resolution is reported by
the committee or committees of that House to which it was referred, or after
such committee or committees have been discharged from further consideration of
the bill or resolution. If prior to the passage by one House of an implementing
bill or approval resolution of that House, that House receives the same
implementing bill or approval resolution from the other House, then—</text>
<subparagraph id="H3F18B4F4655E455498D49662E2E0365"><enum>(A)</enum><text>the procedure in
that House shall be the same as if no implementation bill or approval
resolution had been received from the other House; but</text>
</subparagraph><subparagraph id="H36E47C821CA944E7BF9E330000695FF0"><enum>(B)</enum><text>the vote on final
passage shall be on the implementing bill or approval resolution of the other
House.</text>
</subparagraph></paragraph><paragraph id="H766643981A7C4B6FA289B751B4EE4054"><enum>(2)</enum><text>For purposes of
computing a number of days in either House as provided for in subsection
(e)(1), there shall be excluded any day on which that House is not in
session.</text>
</paragraph><paragraph id="HB9FAEF62FC0045A9A7091068376962BB"><enum>(3)</enum><text>If the
implementing bill contains one or more revenue measures—</text>
<subparagraph id="H66CC1EC04B8D40A89FF8233EF3585F2D"><enum>(A)</enum><text>the provisions of
subsection (e)(1) shall not apply; and</text>
</subparagraph><subparagraph id="H89995F68DF054C6EBE73A277F356A635"><enum>(B)</enum><text>the Senate shall
not take final action on the bill until it is received from the House.</text>
</subparagraph></paragraph></subsection><subsection id="H8F2EF4B3231145AC974C729945B72F22"><enum>(f)</enum><header>Floor
consideration in the house</header>
<paragraph id="H0A7631C764504845AE3190E8CDB8C3CB"><enum>(1)</enum><text>A
motion in the House of Representatives to proceed to the consideration of an
implementing bill or approval resolution shall be highly privileged and not
debatable. An amendment to the motion shall not be in order, nor shall it be in
order to move to reconsider the vote by which the motion is agreed to or
disagreed to.</text>
</paragraph><paragraph id="H9C8EFF7A11AA452C9FE9D7B3AF756C20"><enum>(2)</enum><text>Debate in the
House of Representatives on an implementing bill or approval resolution shall
be limited to not more than 10 hours, which shall be divided equally between
those favoring and those opposing the bill or resolution. A motion further to
limit debate shall not be debatable. It shall not be in order to move to
recommit an implementing bill or approval resolution or to move to reconsider
the vote by which an implementing bill or approval resolution is agreed to or
disagreed to.</text>
</paragraph><paragraph id="H17B36C046D5F49CB9607E4D121F7F12D"><enum>(3)</enum><text>Motions to
postpone, made in the House of Representatives with respect to the
consideration of an implementing bill or approval resolution, and motions to
proceed to the consideration of other business, shall be decided without
debate. If a motion to proceed to consideration is agreed to, such resolution
shall remain unfinished business of House until disposed of.</text>
</paragraph><paragraph id="H8952BBF8CDC842C5BD5FBCBDC4151341"><enum>(4)</enum><text>All appeals from
the decisions of the Chair relating to the application of the Rules of the
House of Representatives to the procedure relating to an implementing bill or
approval resolution shall be decided without debate.</text>
</paragraph><paragraph id="HC1BD0C25C9C445AE8697C350D5EC4888"><enum>(5)</enum><text>Except to the
extent specifically provided in the preceding provisions of this subsection,
consideration of an implementing bill or approval resolution shall be governed
by the Rules of the House of Representatives applicable to other bills and
resolutions in similar circumstances.</text>
</paragraph></subsection><subsection id="HD8455E4A947649A79C21794FDD2361F9"><enum>(g)</enum><header>Floor
consideration in the senate</header>
<paragraph id="H01A2DF816383434A8BC578F0EDC59E4B"><enum>(1)</enum><text>A
motion in the Senate to proceed to the consideration of an implementing bill or
approval resolution shall be privileged and not debatable. An amendment to the
motion shall not be in order, nor shall it be in order to move to reconsider
the vote by which the motion is agreed to or disagreed to.</text>
</paragraph><paragraph id="HB2FBB6C834C64BCFBDBEE1701034DEF3"><enum>(2)</enum><text>Debate in the
Senate on an implementing bill or approval resolution, and all debatable
motions and appeals in connection therewith, shall be limited to not more than
10 hours. The time shall be equally divided between, and controlled by, the
majority leader and the minority leader or their designees.</text>
</paragraph><paragraph id="H3F55D52F2AFC4577934DCF5EC2F2858D"><enum>(3)</enum><text>Debate in the
Senate on any debatable motion or appeal in connection with an implementing
bill or approval resolution shall be limited to not more than 1 hour, to be
equally divided between, and controlled by, the mover and the manager of the
bill or resolution, except that in the event the manager of the bill or
resolution is in favor of any such motion or appeal, the time in opposition
thereto shall be controlled by the minority leader or his designee. Such
leaders, or either of them, may, from time under their control on the passage
of an implementing bill or approval resolution, allot additional time to any
Senator during the consideration of any debatable motion or appeal.</text>
</paragraph><paragraph id="H961B7B1BCCD8440FAE936CD5B14C00FF"><enum>(4)</enum><text>A
motion in the Senate to further limit debate is not debatable. A motion to
recommit an implementation bill or approval resolution is not in order.</text>
</paragraph></subsection></section><section id="H706CB455C4B14CC88334F874A2FFACF2"><enum>612.</enum><header>Contracting and
Nuclear Waste Fund</header><text display-inline="no-display-inline">Section 302
of the Nuclear Waste Policy Act of 1982 (<external-xref legal-doc="usc" parsable-cite="usc/42/10222">42 U.S.C. 10222</external-xref>) is amended—</text>
<paragraph id="H372F4DE8D3C8447AB2792535023E39B9"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (a)(1), by adding at the end
the following:</text>
<quoted-block display-inline="yes-display-inline" id="H0CBDBCD8984E4810ABF1EB6538A600AB" style="OLC">
<text>For any civilian nuclear power
reactor a license application for which is filed with the Commission, pursuant
to its authority under section 103 or 104 of the Atomic Energy Act of 1954,
after the date of enactment of this Act, contracts entered into under this
section shall—</text><subparagraph id="H6431849629634701BE23BD567C4159DD"><enum>(A)</enum><text>except as provided
in subsections 302(a)(1)(B), (C), (D), and (E), below, be generally consistent
with the terms and conditions of the <quote>Standard Contract for Disposal of
Spent Nuclear Fuel and/or High-Level Radioactive Waste,</quote> as codified at
10 C.F.R. Part 961 and in effect on January 1, 2007;</text>
</subparagraph><subparagraph id="HF5934C9329024358B8A2C691CE940037"><enum>(B)</enum><text>provide for the
taking of title to, and for the Secretary to dispose of, the high-level waste
or spent nuclear fuel involved beginning no later than 15 years following the
start of commercial operation;</text>
</subparagraph><subparagraph id="H6FB778B76FF44DAE8DCBBC8CC47F817D"><enum>(C)</enum><text>contain no
provisions providing for adjustment of the 1.0 mil per kilowatt-hour fee
established by paragraph (2);</text>
</subparagraph><subparagraph id="HC908E44A42FF4CDDA1E11792C0421839"><enum>(D)</enum><text>be entered into no
later than 60 days following the docketing of the license application by the
Commission, or the date of enactment of this Act, whichever is later;</text>
</subparagraph><subparagraph id="HBEF0568E16D746ABB5E03B091CFCF73E"><enum>(E)</enum><text>provide that, on a
schedule consistent with the Secretary’s acceptance of spent nuclear fuel from
each civilian nuclear power reactor or site, and completed not later than the
Secretary’s completing the acceptance of all spent nuclear fuel from that
commercial nuclear power reactor or site, the Secretary shall accept from each
such reactor or site, all low-level radioactive waste defined in section
3(b)(1)(D) of the Low-level Radioactive Waste Policy Act, as amended, 42 U.S.C.
2021c(b)(1)(D).</text>
</subparagraph><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="H136B58E395CC4DAAB0E75847DFB33169"><enum>(2)</enum><text>in subsection
(a)(4), by striking all after <quote>herein.</quote> in the second
sentence;</text>
</paragraph><paragraph id="H0D5C910BB10D4229B89388BC671FC935"><enum>(3)</enum><text>in subsection
(a)(6), by adding at the end the following: <quote>Further, the Secretary shall
offer to settle any actions pending on the date of enactment of this Act for
damages resulting from failure to commence accepting spent nuclear fuel or
high-level radioactive waste on or before January 31, 1998. Each offer to
settle shall provide for the payment of $150 to the other party to a contract
for disposal of spent nuclear fuel and high-level radioactive waste for each
kilogram of spent nuclear fuel which such party was or shall be entitled to
deliver to the Department in a particular year, based on the following
aggregate acceptance rates: 400 MTU for 1998; 600 MTU for 1999; 1,200 MTU for
2000; 2,000 MTU for 2001; and 3,000 MTU for 2002 and thereafter; provided that
the Secretary shall adjust the payment amount per kilogram of spent nuclear
fuel under this subsection (a)(6) annually according to the most recent
Producer Price Index published by the Department of Labor. Such aggregate
acceptance rates shall be allocated among parties to contracts with the United
States based upon the age of spent nuclear fuel, as measured by the date of the
discharge of such spent nuclear fuel from the civilian nuclear power reactor.
Such offer to settle also shall include an annual payment to be determined by
the Secretary to any such party where a civilian nuclear power reactor has been
decommissioned, except for those portions of the facility that cannot be
decommissioned until removal of spent nuclear fuel and high-level radioactive
waste. The Secretary also shall offer like compensation to parties to contracts
entered into pursuant to section 302 of the Nuclear Waste Policy Act of 1982
(<external-xref legal-doc="usc" parsable-cite="usc/42/10222">42 U.S.C. 10222</external-xref>) who brought actions for damages prior to the date of
enactment of this Act, but which were no longer pending as of said date,
provided that such compensation shall be reduced by the amount of any
settlement or judgment received by such party.</quote>; and</text>
</paragraph><paragraph id="HAF0E0B9BF097436D94001E70C25033A1"><enum>(4)</enum><text display-inline="yes-display-inline">in subsection (d), by adding at the end the
following: <quote>No amount may be expended by the Secretary from the Waste
Fund to carry out research and development activities on advanced nuclear fuel
cycle technologies.</quote>.</text>
</paragraph></section><section id="H05331B9F810C4D8D9285D51EAEB636BB"><enum>613.</enum><header>Confidence in
availability of waste disposal</header>
<subsection id="H57AF384439C843BFA45590FDAF6D1466"><enum>(a)</enum><header>Congressional
determination</header><text>The Congress finds that—</text>
<paragraph id="H2583C92B12974983A18EDF8C2DCDF060"><enum>(1)</enum><text>there is
reasonable assurance that high-level radioactive waste and spent nuclear fuel
generated in reactors licensed by the Nuclear Regulatory Commission in the
past, currently, or in the future will be managed in a safe manner without
significant environmental impact until capacity for ultimate disposal is
available; and</text>
</paragraph><paragraph id="H3CD312BD6ED941759CE29F755EBBCA63"><enum>(2)</enum><text>the Federal
Government is responsible and has established a policy for the ultimate safe
and environmentally sound disposal of such high-level radioactive waste and
spent nuclear fuel.</text>
</paragraph></subsection><subsection id="H0C60EA49F7914373B966009CB7AF4165"><enum>(b)</enum><header>Regulatory
consideration</header><text>Notwithstanding any other provision of law, for the
period following the licensed operation of a civilian nuclear power reactor or
any facility for the treatment or storage of spent nuclear fuel or high-level
radioactive waste, no consideration of the public health and safety, common
defense and security, or environmental impacts of the storage of high-level
radioactive waste and spent nuclear fuel generated in reactors licensed by the
Nuclear Regulatory Commission in the past, currently, or in the future, is
required by the Department of Energy or the Nuclear Regulatory Commission in
connection with the development, construction, and operation of, or any permit,
license, license amendment, or siting approval for, a civilian nuclear power
reactor or any facility for the treatment or storage of spent nuclear fuel or
high-level radioactive waste. Nothing in this section shall affect the
Department of Energy’s and Nuclear Regulatory Commission’s obligation to
consider the public health and safety, common defense and security, and
environmental impacts of storage during the period of licensed operation of a
civilian nuclear power reactor or facility for the treatment or storage of
spent nuclear fuel or high-level radioactive waste.</text>
</subsection></section><enum>VII</enum><header>Energy
Production and Conservation Tax Incentives</header>
<section id="HDF809A4786B84AD0AF66FBF36680AC95"><enum>700.</enum><header>Amendment of
1986 Code</header><text display-inline="no-display-inline">Except as otherwise
expressly provided, whenever in this title an amendment or repeal is expressed
in terms of an amendment to, or repeal of, a section or other provision, the
reference shall be considered to be made to a section or other provision of the
Internal Revenue Code of 1986.</text>
</section><subtitle id="H2402345AAA994B2E89A71EB816FF2B4"><enum>A</enum><header>Extension of clean
energy production incentives</header>
<section id="HCB57BCD5DE0948D5A5E51FB29D852D19"><enum>701.</enum><header>Extension and
modification of renewable energy production tax credit</header>
<subsection id="H554374EFB0854FCABF195165596CDF00"><enum>(a)</enum><header>Extension of
credit</header><text display-inline="yes-display-inline">Each of the following
provisions of section 45(d) (relating to qualified facilities) is amended by
striking <quote>January 1, 2009</quote> and inserting <quote>January 1,
2010</quote>:</text>
<paragraph id="H63A219E65F5D49F3A17ED7C02A7005C"><enum>(1)</enum><text>Paragraph
(1).</text>
</paragraph><paragraph id="HD4C7FED7985C473BB0852693534BAC54"><enum>(2)</enum><text>Clauses (i) and
(ii) of paragraph (2)(A).</text>
</paragraph><paragraph id="HF96126B514084FF3B07F4074542EABAF"><enum>(3)</enum><text>Clauses (i)(I) and
(ii) of paragraph (3)(A).</text>
</paragraph><paragraph id="H0F4F8A6FC43646FE93EE9BDA90F6926E"><enum>(4)</enum><text>Paragraph
(4).</text>
</paragraph><paragraph id="HF5A414D97D274E399FEBA66E54B50016"><enum>(5)</enum><text>Paragraph
(5).</text>
</paragraph><paragraph id="H726A382C94CB4FC4A70976FF4BF986B"><enum>(6)</enum><text>Paragraph
(6).</text>
</paragraph><paragraph id="H5D0772AD6CEF46E0866C9714B6703F85"><enum>(7)</enum><text>Paragraph
(7).</text>
</paragraph><paragraph id="HBC3C55361E974BF887F520004FEFC445"><enum>(8)</enum><text>Paragraph
(8).</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HEC5A95BE4F64402597C98CCFA8D5BDEA"><enum>(9)</enum><text>Subparagraphs (A)
and (B) of paragraph (9).</text>
</paragraph></subsection><subsection display-inline="no-display-inline" id="H8AC8ACF9761845BA9266A4D3E8CD00E6"><enum>(b)</enum><header>Production
credit for electricity produced from marine renewables</header>
<paragraph id="H0BA5400A938443D592146B1CEC79D383"><enum>(1)</enum><header>In
general</header><text>Paragraph (1) of section 45(c) (relating to resources) is
amended by striking <quote>and</quote> at the end of subparagraph (G), by
striking the period at the end of subparagraph (H) and inserting <quote>,
and</quote>, and by adding at the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H2BD1F168C9024480A2504126C78476AC" style="OLC">
<subparagraph id="HFB334085E430443B9C92E89CFC2C87AF"><enum>(I)</enum><text display-inline="yes-display-inline">marine and hydrokinetic renewable
energy.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" id="HAAB618C1651646EE93BF837D3B3C863B"><enum>(2)</enum><header>Marine
renewables</header><text>Subsection (c) of section 45 is amended by adding at
the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HCA127DBCD64F4CF9A8650663615F6582" style="OLC">
<paragraph commented="no" id="H478A827FE65D4349B1F5E1298FA1DDC"><enum>(10)</enum><header>Marine and
hydrokinetic renewable energy</header>
<subparagraph id="H2A68FCB672DC474C8B9C9C676C00B81F"><enum>(A)</enum><header>In
general</header><text>The term <term>marine and hydrokinetic renewable
energy</term> means energy derived from—</text>
<clause display-inline="no-display-inline" id="H4123BB7C43FB4A6180FED4A812AE9D62"><enum>(i)</enum><text>waves, tides, and
currents in oceans, estuaries, and tidal areas,</text>
</clause><clause id="HABBEBDA5BD634A37A5E6F4D9E8B89E8F"><enum>(ii)</enum><text>free flowing
water in rivers, lakes, and streams,</text>
</clause><clause id="HED127D507B8E4AB998DDD604001DF0FB"><enum>(iii)</enum><text>free flowing
water in an irrigation system, canal, or other man-made channel, including
projects that utilize nonmechanical structures to accelerate the flow of water
for electric power production purposes, or</text>
</clause><clause id="H0AE243BE59D549098C94016E2EEBE0EF"><enum>(iv)</enum><text>differentials in
ocean temperature (ocean thermal energy conversion).</text>
</clause></subparagraph><subparagraph id="H589FE892424B4893A7A01EA4E6B500A2"><enum>(B)</enum><header>Exceptions</header><text display-inline="yes-display-inline">Such term shall not include any energy
which is derived from any source which utilizes a dam, diversionary structure
(except as provided in subparagraph (A)(iii)), or impoundment for electric
power production
purposes.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H11AB89E419474FF7A1C5801735F305CC"><enum>(3)</enum><header>Definition of
facility</header><text>Subsection (d) of section 45 is amended by adding at the
end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H6804AA46E47042378C06F8AAE5CBCE9" style="OLC">
<paragraph id="H3215C382BB3E4D2C9D3600EEDF8C2B92"><enum>(11)</enum><header>Marine and
hydrokinetic renewable energy facilities</header><text display-inline="yes-display-inline">In the case of a facility producing
electricity from marine and hydrokinetic renewable energy, the term
<term>qualified facility</term> means any facility owned by the
taxpayer—</text>
<subparagraph id="HACE37D059913435B8DB1EEF939EB9371"><enum>(A)</enum><text display-inline="yes-display-inline">which has a nameplate capacity rating of at
least 150 kilowatts, and</text>
</subparagraph><subparagraph id="H5E7794D19DDB4296A55FA6137DBCD5DF"><enum>(B)</enum><text>which is
originally placed in service on or after the date of the enactment of this
paragraph and before January 1,
2010.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HE119DE096DE34D5FB5F78E58B5FECD00"><enum>(4)</enum><header>Credit
rate</header><text>Subparagraph (A) of section 45(b)(4) is amended by striking
<quote>or (9)</quote> and inserting <quote>(9), or (11)</quote>.</text>
</paragraph><paragraph commented="no" id="H0374C86C62FD49CAACA4BAD86BE3849"><enum>(5)</enum><header>Coordination with
small irrigation power</header><text>Paragraph (5) of section 45(d), as amended
by subsection (a), is amended by striking <quote>January 1, 2010</quote> and
inserting <quote>the date of the enactment of paragraph (11)</quote>.</text>
</paragraph></subsection><subsection commented="no" id="H6FC1AA96B836466F9EF8349F70021C29"><enum>(c)</enum><header>Sales of
electricity to regulated public utilities treated as sales to unrelated
persons</header><text>Section 45(e)(4) (relating to related persons) is amended
by adding at the end the following new sentence: <quote>A taxpayer shall be
treated as selling electricity to an unrelated person if such electricity is
sold to a regulated public utility (as defined in section
7701(a)(33).</quote>.</text>
</subsection><subsection id="H3D009644A4494FEEAF7986E24973E500"><enum>(d)</enum><header>Trash facility
clarification</header><text>Paragraph (7) of section 45(d) is amended—</text>
<paragraph id="H0875B050019C4A63A0C814F6B368ABD6"><enum>(1)</enum><text>by striking
<quote>facility which burns</quote> and inserting <quote>facility (other than a
facility described in paragraph (6)) which uses</quote>, and</text>
</paragraph><paragraph id="H11935F655C494ECC805CAE00F2822DEE"><enum>(2)</enum><text>by striking
<quote><header-in-text level="paragraph" style="OLC">combustion</header-in-text></quote>.</text>
</paragraph></subsection><subsection id="H18F68C97B2634E8D93CADFF7E1CE00DF"><enum>(e)</enum><header>Effective
dates</header>
<paragraph commented="no" display-inline="no-display-inline" id="H7C11237A04B14E9F83F398E40042B7E1"><enum>(1)</enum><header>Extension</header><text>The
amendments made by subsection (a) shall apply to property originally placed in
service after December 31, 2008.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HF496974B51744CF9A997FBEB6F5E24CE"><enum>(2)</enum><header>Modifications</header><text>The
amendments made by subsections (b) and (c) shall apply to electricity produced
and sold after the date of the enactment of this Act, in taxable years ending
after such date.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HE5E9823D9E7249F59CB79860BC38C1D3"><enum>(3)</enum><header>Trash facility
clarification</header><text>The amendments made by subsection (d) shall apply
to electricity produced and sold before, on, or after December 31, 2007.</text>
</paragraph></subsection></section><section id="HF7C6C11946D340D48476D0790748C7B2"><enum>702.</enum><header>Extension and
modification of solar energy and fuel cell investment tax credit</header>
<subsection id="HAA89B567288B4E1CA1025DA0EF576E9E"><enum>(a)</enum><header>Extension of
credit</header>
<paragraph id="H4BB2660F8EB5490B90B1ECA99BFA0321"><enum>(1)</enum><header>Solar energy
property</header><text>Paragraphs (2)(A)(i)(II) and (3)(A)(ii) of section 48(a)
(relating to energy credit) are each amended by striking <quote>January 1,
2009</quote> and inserting <quote>January 1, 2017</quote>.</text>
</paragraph><paragraph id="HEF121CD020CA466C84C7A1FAE811B6C0"><enum>(2)</enum><header>Fuel cell
property</header><text>Subparagraph (E) of section 48(c)(1) (relating to
qualified fuel cell property) is amended by striking <quote>December 31,
2008</quote> and inserting <quote>December 31, 2016</quote>.</text>
</paragraph><paragraph id="H3A6D35868B9341858C60A8D7BDFF9E87"><enum>(3)</enum><header>Qualified
microturbine property</header><text>Subparagraph (E) of section 48(c)(2)
(relating to qualified microturbine property) is amended by striking
<quote>December 31, 2008</quote> and inserting <quote>December 31,
2016</quote>.</text>
</paragraph></subsection><subsection id="H99B4843E30024EEF8310B268E4CD1183"><enum>(b)</enum><header>Allowance of
energy credit against alternative minimum tax</header><text>Subparagraph (B) of
section 38(c)(4) (relating to specified credits) is amended by striking
<quote>and</quote> at the end of clause (iii), by striking the period at the
end of clause (iv) and inserting <quote>, and</quote>, and by adding at the end
the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="H6389EF5921DC4D81B419750980BD73ED" style="OLC">
<clause id="H1385ACF0C87248638826E7D6FE83322"><enum>(v)</enum><text>the
credit determined under section 46 to the extent that such credit is
attributable to the energy credit determined under section
48.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H1998C185E4AA4774A1D82D8D98198300"><enum>(c)</enum><header>Repeal of dollar
per kilowatt limitation for fuel cell property</header>
<paragraph commented="no" display-inline="no-display-inline" id="H71A0FCBA215642B29623D22BED87FAE"><enum>(1)</enum><header>In
general</header><text>Section 48(c)(1) (relating to qualified fuel cell), as
amended by subsection (a)(2), is amended by striking subparagraph (B) and by
redesignating subparagraphs (C), (D), and (E) as subparagraphs (B), (C), and
(D), respectively.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H7E3545DBBC1D430CA3685B44EB0121FF"><enum>(2)</enum><header>Conforming
amendment</header><text>Section 48(a)(1) is amended by striking
<quote>paragraphs (1)(B) and (2)(B) of subsection (c)</quote> and inserting
<quote>subsection (c)(2)(B)</quote>.</text>
</paragraph></subsection><subsection id="H1D985218C283485A84F4579DEDA21275"><enum>(d)</enum><header>Public electric
utility property taken into account</header>
<paragraph id="H187F4DA3AB984305B048D8DF2E0000B7"><enum>(1)</enum><header>In
general</header><text>Paragraph (3) of section 48(a) is amended by striking the
second sentence thereof.</text>
</paragraph><paragraph id="HD602B785E56D4CFFA357A6DA76DF49F6"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="H7DA4BFB19A3348A49CF7722EE81FAE99"><enum>(A)</enum><text>Paragraph (1) of
section 48(c), as amended by this section, is amended by striking subparagraph
(C) and redesignating subparagraph (D) as subparagraph (C).</text>
</subparagraph><subparagraph id="H52B8FAD78FEA4DEEBD0244905096A0B3"><enum>(B)</enum><text display-inline="yes-display-inline">Paragraph (2) of section 48(c), as amended
by subsection (a)(3), is amended by striking subparagraph (D) and redesignating
subparagraph (E) as subparagraph (D).</text>
</subparagraph></paragraph></subsection><subsection id="HCAAFF30F76D7437BB5E511C112C829B1"><enum>(e)</enum><header>Effective
dates</header>
<paragraph id="HBDC890AFD391447CBD87AB932C2D52A7"><enum>(1)</enum><header>Extension</header><text>The
amendments made by subsection (a) shall take effect on the date of the
enactment of this Act.</text>
</paragraph><paragraph id="H84F34518ABC84338AFC958B1BF183394"><enum>(2)</enum><header>Allowance
against alternative minimum tax</header><text>The amendments made by subsection
(b) shall apply to credits determined under section 46 of the Internal Revenue
Code of 1986 in taxable years beginning after the date of the enactment of this
Act and to carrybacks of such credits.</text>
</paragraph><paragraph id="H47901ED6B8CC4654A04764F2C2393D23"><enum>(3)</enum><header>Fuel cell
property and public electric utility property</header><text>The amendments made
by subsections (c) and (d) shall apply to periods after the date of the
enactment of this Act, in taxable years ending after such date, under rules
similar to the rules of <external-xref legal-doc="usc" parsable-cite="usc/26/48">section 48(m)</external-xref> of the Internal Revenue Code of 1986 (as
in effect on the day before the date of the enactment of the Revenue
Reconciliation Act of 1990).</text>
</paragraph></subsection></section><section display-inline="no-display-inline" id="H4CCD9493F7AD4DDF00BC005579D0CE00" section-type="subsequent-section"><enum>703.</enum><header>Extension and
modification of residential energy efficient property credit</header>
<subsection id="H3D8D0F5A49FB4C67BE4D34D887CDE9F4"><enum>(a)</enum><header>Extension</header><text>Section
25D(g) (relating to termination) is amended by striking <quote>December 31,
2008</quote> and inserting <quote>December 31, 2009</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H0A5F647FD71240E69460C1F389FA1C87"><enum>(b)</enum><header>No dollar
limitation for credit for solar electric property</header>
<paragraph commented="no" display-inline="no-display-inline" id="H496FDC222A954289A19F8FAA5DDD76F"><enum>(1)</enum><header>In
general</header><text>Section 25D(b)(1) (relating to maximum credit) is amended
by striking subparagraph (A) and by redesignating subparagraphs (B) and (C) as
subparagraphs (A) and (B), respectively.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H43D404973E2040D5A2A721CA24643900"><enum>(2)</enum><header>Conforming
amendments</header><text>Section 25D(e)(4) is amended—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="H43769853841F41FE006283B2D8FECFBF"><enum>(A)</enum><text>by striking clause
(i) in subparagraph (A),</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H45F7E816864648F78C6B577475FC78B9"><enum>(B)</enum><text>by redesignating
clauses (ii) and (iii) in subparagraph (A) as clauses (i) and (ii),
respectively, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HA07C84E36440405AA7A918CD6BECD749"><enum>(C)</enum><text>by striking
<quote>, (2),</quote> in subparagraph (C).</text>
</subparagraph></paragraph></subsection><subsection commented="no" id="H3BA5E80011624FA2B2E0ECDEFF1362F4"><enum>(c)</enum><header>Credit allowed
against alternative minimum tax</header>
<paragraph commented="no" id="HB9C4BC59DF794755831FB27F9BCAAC6"><enum>(1)</enum><header>In
general</header><text>Subsection (c) of section 25D is amended to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="H185B9CD626524D0886BECB39B681EDF9" style="OLC">
<subsection commented="no" id="HADA0CE94A1EE4F4FBA6400F30074611D"><enum>(c)</enum><header>Limitation based
on amount of tax; carryforward of unused credit</header>
<paragraph commented="no" id="H6270A7257D334BD1AD4C0812CEE8A600"><enum>(1)</enum><header>Limitation based
on amount of tax</header><text>In the case of a taxable year to which section
26(a)(2) does not apply, the credit allowed under subsection (a) for the
taxable year shall not exceed the excess of—</text>
<subparagraph commented="no" id="HF883074262554F51AED129700051DA8"><enum>(A)</enum><text>the sum of the
regular tax liability (as defined in section 26(b)) plus the tax imposed by
section 55, over</text>
</subparagraph><subparagraph commented="no" id="H6A8C2F3FE4D947DEA6A4E5CD05ADEC6E"><enum>(B)</enum><text>the sum of the
credits allowable under this subpart (other than this section) and section 27
for the taxable year.</text>
</subparagraph></paragraph><paragraph commented="no" id="H7EC43192FEB44AE28470F5909F28B124"><enum>(2)</enum><header>Carryforward of
unused credit</header>
<subparagraph commented="no" id="HB8B51C5C8C324AA59555FE00E84C97E4"><enum>(A)</enum><header>Rule for years
in which all personal credits allowed against regular and alternative minimum
tax</header><text display-inline="yes-display-inline">In the case of a taxable
year to which section 26(a)(2) applies, if the credit allowable under
subsection (a) exceeds the limitation imposed by section 26(a)(2) for such
taxable year reduced by the sum of the credits allowable under this subpart
(other than this section), such excess shall be carried to the succeeding
taxable year and added to the credit allowable under subsection (a) for such
succeeding taxable year.</text>
</subparagraph><subparagraph commented="no" id="HDFDD2F878C234E4A8C5D86C377570900"><enum>(B)</enum><header>Rule for other
years</header><text>In the case of a taxable year to which section 26(a)(2)
does not apply, if the credit allowable under subsection (a) exceeds the
limitation imposed by paragraph (1) for such taxable year, such excess shall be
carried to the succeeding taxable year and added to the credit allowable under
subsection (a) for such succeeding taxable
year.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" id="H88B4A0A94ABC4390A1255435D31CF211"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph commented="no" id="HA9105AFBF3F14CAD9B55A087A0119B7D"><enum>(A)</enum><text>Section
23(b)(4)(B) is amended by inserting <quote>and section 25D</quote> after
<quote>this section</quote>.</text>
</subparagraph><subparagraph commented="no" id="H8B42D49FA3C74F3CB91BC12348F35552"><enum>(B)</enum><text>Section
24(b)(3)(B) is amended by striking <quote>and 25B</quote> and inserting
<quote>, 25B, and 25D</quote>.</text>
</subparagraph><subparagraph commented="no" id="H38C5F4D81AC54FFBAEB1A29662A8EC2D"><enum>(C)</enum><text>Section 25B(g)(2)
is amended by striking <quote>section 23</quote> and inserting <quote>sections
23 and 25D</quote>.</text>
</subparagraph><subparagraph commented="no" id="H3E54F187EBCE41C5BA4137B601C6C700"><enum>(D)</enum><text>Section 26(a)(1)
is amended by striking <quote>and 25B</quote> and inserting <quote>25B, and
25D</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H07A4D28EED644ACD91283FE37EA8C0FB"><enum>(d)</enum><header>Effective
date</header>
<paragraph id="H3CE799AFC4B74540B30018C7B517CCA5"><enum>(1)</enum><header>In
general</header><text>The amendments made by this section shall apply to
taxable years beginning after December 31, 2007.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H1EDF9F8B8B864F86901BC3C16008057"><enum>(2)</enum><header>Application of
EGTRRA sunset</header><text>The amendments made by subparagraphs (A) and (B) of
subsection (c)(2) shall be subject to title IX of the Economic Growth and Tax
Relief Reconciliation Act of 2001 in the same manner as the provisions of such
Act to which such amendments relate.</text>
</paragraph></subsection></section><section id="HF6DB481547A34314B14C2BBA10C38024"><enum>704.</enum><header>Extension and
modification of credit for clean renewable energy bonds</header>
<subsection id="H42FDC8DFAD074DA1B7F49EF74345FB00"><enum>(a)</enum><header>Extension</header><text>Section
54(m) (relating to termination) is amended by striking <quote>December 31,
2008</quote> and inserting <quote>December 31, 2009</quote>.</text>
</subsection><subsection id="H56E7A47A74AE42FDADF803091DEE26CE"><enum>(b)</enum><header>Increase in
national limitation</header><text>Section 54(f) (relating to limitation on
amount of bonds designated) is amended—</text>
<paragraph id="HDC213C49CC064B8DB82D302EF1AE1FC9"><enum>(1)</enum><text>by inserting
<quote>, and for the period beginning after the date of the enactment of the
<short-title>Clean Energy Tax Stimulus Act of 2008
</short-title> and ending before January 1, 2010, $400,000,000</quote> after
<quote>$1,200,000,000</quote> in paragraph (1),</text>
</paragraph><paragraph id="HEB26598AEDAB4908884F25B0BA624499"><enum>(2)</enum><text>by striking
<quote>$750,000,000 of the</quote> in paragraph (2) and inserting
<quote>$750,000,000 of the $1,200,000,000</quote>, and</text>
</paragraph><paragraph id="H466FA2BD5D56458BB4F2FA0052AB78DF"><enum>(3)</enum><text>by striking
<quote>bodies</quote> in paragraph (2) and inserting <quote>bodies, and except
that the Secretary may not allocate more than <fraction>1/3</fraction> of the
$400,000,000 national clean renewable energy bond limitation to finance
qualified projects of qualified borrowers which are public power providers nor
more than <fraction>1/3</fraction> of such limitation to finance qualified
projects of qualified borrowers which are mutual or cooperative electric
companies described in section 501(c)(12) or section
1381(a)(2)(C)</quote>.</text>
</paragraph></subsection><subsection id="H77084085A911495B903307EC89BD66C0"><enum>(c)</enum><header>Public power
providers defined</header><text>Section 54(j) is amended—</text>
<paragraph id="H2B3FE3BA86A14EB1A6399D4797403F23"><enum>(1)</enum><text>by adding at the
end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HF2CC1C141B554B7584807300032E2B56" style="OLC">
<paragraph id="H80D527CB65BD49F7BBE2A507B9293214"><enum>(6)</enum><header>Public power
provider</header><text display-inline="yes-display-inline">The term
<term>public power provider</term> means a State utility with a service
obligation, as such terms are defined in section 217 of the Federal Power Act
(as in effect on the date of the enactment of this
paragraph).</text>
</paragraph><after-quoted-block>,
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="H9545E4D691A0499E00918709941010EA"><enum>(2)</enum><text>by inserting
<quote><header-in-text level="subsection" style="OLC">; public power
provider</header-in-text></quote> before the period at the end of the
heading.</text>
</paragraph></subsection><subsection id="H722AD722884E4BF6914250CA192CC865"><enum>(d)</enum><header>Technical
amendment</header><text>The third sentence of section 54(e)(2) is amended by
striking <quote>subsection (l)(6)</quote> and inserting <quote>subsection
(l)(5)</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HF3EF9AC8B9BC4AF4866531B063E9CF17"><enum>(e)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to bonds
issued after the date of the enactment of this Act.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="H6ABD937514794F6B842BE9BF25FB5C8"><enum>705.</enum><header>Extension of
special rule to implement FERC restructuring policy</header>
<subsection commented="no" display-inline="no-display-inline" id="HABC8572C07BB4D8E94A511AA44553B61"><enum>(a)</enum><header>Qualifying
electric transmission transaction</header>
<paragraph commented="no" display-inline="no-display-inline" id="H8D7E8B4C31964D9BB4EEE345EA23E8E5"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 451(i)(3)
(defining qualifying electric transmission transaction) is amended by striking
<quote>January 1, 2008</quote> and inserting <quote>January 1,
2010</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HE4FA607491EF45459259C8EEF138A62F"><enum>(2)</enum><header>Effective
date</header><text>The amendment made by this subsection shall apply to
transactions after December 31, 2007.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="HBB153404B67D488AB3FEAAA6F587DDDD"><enum>(b)</enum><header>Independent
transmission company</header>
<paragraph commented="no" display-inline="no-display-inline" id="H0E6AC76AA9144DFEAF80A46F311BF87B"><enum>(1)</enum><header>In
general</header><text>Section 451(i)(4)(B)(ii) (defining independent
transmission company) is amended by striking <quote>December 31, 2007</quote>
and inserting <quote>the date which is 2 years after the date of such
transaction</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H9301BEF961F446ECBE2D142DD8F8FBD"><enum>(2)</enum><header>Effective
date</header><text>The amendment made by this subsection shall take effect as
if included in the amendments made by section 909 of the American Jobs Creation
Act of 2004.</text>
</paragraph></subsection></section></subtitle><subtitle id="H00D33E8EE84349C8B9F3A7B6EE3488E"><enum>B</enum><header>Extension of
incentives to improve energy efficiency</header>
<section display-inline="no-display-inline" id="H1BBD498338C94D57B6BF55CBE1F0114C" section-type="subsequent-section"><enum>711.</enum><header>Extension and
modification of credit for energy efficiency improvements to existing
homes</header>
<subsection commented="no" id="H5F13CCD5467B4B6392C332A1321CF842"><enum>(a)</enum><header>Extension of
credit</header><text display-inline="yes-display-inline">Section 25C(g)
(relating to termination) is amended by striking <quote>December 31,
2007</quote> and inserting <quote>December 31, 2009</quote>.</text>
</subsection><subsection id="HC8C900072D084E9B99BC4849C4D71C"><enum>(b)</enum><header>Qualified biomass
fuel property</header>
<paragraph id="HA723515585B244A98D3006B9C13D345B"><enum>(1)</enum><header>In
general</header><text>Section 25C(d)(3) is amended—</text>
<subparagraph id="HA65BEB727E994B2B92AA88CBDB9B4CE0"><enum>(A)</enum><text>by striking
<quote>and</quote> at the end of subparagraph (D),</text>
</subparagraph><subparagraph id="H45C6346734254B539CC9C3C8846E09AA"><enum>(B)</enum><text>by striking the
period at the end of subparagraph (E) and inserting <quote>, and</quote>,
and</text>
</subparagraph><subparagraph id="H3FCD3F34CD594EF4BA51D8C7B036DFE7"><enum>(C)</enum><text>by adding at the
end the following new subparagraph:</text>
<quoted-block act-name="" id="H2F4BA3DF6115486CB79DCC52A97BA073" style="OLC">
<subparagraph id="H03D9B5C40B7440AD92B0542BA2DFEC7"><enum>(F)</enum><text>a stove which uses
the burning of biomass fuel to heat a dwelling unit located in the United
States and used as a residence by the taxpayer, or to heat water for use in
such a dwelling unit, and which has a thermal efficiency rating of at least 75
percent.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="H1496BB870B6F4DF40008416EC204BC0"><enum>(2)</enum><header>Biomass
fuel</header><text>Section 25C(d) (relating to residential energy property
expenditures) is amended by adding at the end the following new
paragraph:</text>
<quoted-block act-name="" id="HF9328D322BE6406498B1DB691C0097CC" style="OLC">
<paragraph id="HE676729A5B6E44DBA7932CFDADDEE5EA"><enum>(6)</enum><header>Biomass
fuel</header><text>The term <term>biomass fuel</term> means any plant-derived
fuel available on a renewable or recurring basis, including agricultural crops
and trees, wood and wood waste and residues (including wood pellets), plants
(including aquatic plants), grasses, residues, and
fibers.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HEF8FC55FD9524C388C294D1D8C3700C5"><enum>(c)</enum><header>Modifications of
standards for energy-efficient building property</header>
<paragraph id="HAC1AEC1E65E34CF3A4FE6700A2A1C4BA"><enum>(1)</enum><header>Electric heat
pumps</header><text>Subparagraph (B) of section 25C(d)(3) is amended to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="H96BE697897284ABF941405F09CAA77DE" style="OLC">
<subparagraph id="HB873853D38FA48B1B2CCDB8A51C9F53"><enum>(A)</enum><text>an electric heat
pump which achieves the highest efficiency tier established by the Consortium
for Energy Efficiency, as in effect on January 1,
2008.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H294111EF9E20444A84D6E456E0563DDD"><enum>(2)</enum><header>Central air
conditioners</header><text>Section 25C(d)(3)(D) is amended by striking
<quote>2006</quote> and inserting <quote>2008</quote>.</text>
</paragraph><paragraph id="H2FA0A98E5A0E49C297DC01CA942DB8C1"><enum>(3)</enum><header>Water
Heaters</header><text>Subparagraph (E) of section 25C(d) is amended to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="H3D0F98E8ACB44143B03BA5A4460B8F6" style="OLC">
<subparagraph id="H3406A4FAA04B45B8A9DDD275295E2E53"><enum>(E)</enum><text>a natural gas,
propane, or oil water heater which has either an energy factor of at least 0.80
or a thermal efficiency of at least 90
percent.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H27376250CC13481F81EB6D7CC82C2744"><enum>(4)</enum><header>Oil furnaces and
hot water boilers</header><text>Paragraph (4) of section 25C(d) is amended to
read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H220717A7509B4DD093F6DC6CFADDC141" style="OLC">
<paragraph id="HCDF0313C3909460FBCFE2FCFC9858879"><enum>(4)</enum><header>Qualified
natural gas, propane, and oil furnaces and hot water boilers</header>
<subparagraph id="H7BDDFB3946514DF1A40964750061F8D8"><enum>(A)</enum><header>Qualified
natural gas furnace</header><text>The term <term>qualified natural gas
furnace</term> means any natural gas furnace which achieves an annual fuel
utilization efficiency rate of not less than 95.</text>
</subparagraph><subparagraph id="H2C8C54B881DB4BB4AB564F9D004741A0"><enum>(B)</enum><header>Qualified
natural gas hot water boiler</header><text>The term <term>qualified natural gas
hot water boiler</term> means any natural gas hot water boiler which achieves
an annual fuel utilization efficiency rate of not less than 90.</text>
</subparagraph><subparagraph id="H4FEEB200589B4D9E863DBB7209A54688"><enum>(C)</enum><header>Qualified
propane furnace</header><text>The term <term>qualified propane furnace</term>
means any propane furnace which achieves an annual fuel utilization efficiency
rate of not less than 95.</text>
</subparagraph><subparagraph id="H05C627439339431288A4E169CA765375"><enum>(D)</enum><header>Qualified
propane hot water boiler</header><text>The term <term>qualified propane hot
water boiler</term> means any propane hot water boiler which achieves an annual
fuel utilization efficiency rate of not less than 90.</text>
</subparagraph><subparagraph id="H896D8E3D38C54DD198D2B21F40339773"><enum>(E)</enum><header>Qualified oil
furnaces</header><text>The term <term>qualified oil furnace</term> means any
oil furnace which achieves an annual fuel utilization efficiency rate of not
less than 90.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H6A8418B0A499441A89D9FF005894F867"><enum>(F)</enum><header>Qualified oil
hot water boiler</header><text>The term <term>qualified oil hot water
boiler</term> means any oil hot water boiler which achieves an annual fuel
utilization efficiency rate of not less than
90.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="HAA0569339E184A4198BBFFC1ECE863CA"><enum>(d)</enum><header>Effective
date</header><text>The amendments made this section shall apply to expenditures
made after December 31, 2007.</text>
</subsection></section><section commented="no" id="H10BAD1A620BD4086A1AF5D6763566FBF"><enum>712.</enum><header>Extension and
modification of tax credit for energy efficient new homes</header>
<subsection commented="no" id="HC3A2EEEBC9E24264B544F7FDD6E2E254"><enum>(a)</enum><header>Extension of
credit</header><text display-inline="yes-display-inline">Subsection (g) of
section 45L (relating to termination) is amended by striking <quote>December
31, 2008</quote> and inserting <quote>December 31, 2010</quote>.</text>
</subsection><subsection id="H0AFAFBB08F6E4C00BA1EABB41E172018"><enum>(b)</enum><header>Allowance for
contractor's personal residence</header><text>Subparagraph (B) of section
45L(a)(1) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HD185FC764AC64C3988C1D3D503F97613" style="OLC">
<subparagraph id="HD28BB64CE71B4E11A764BB33A3755DA"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="H90AC2BEAEDE3477B82B7664C81727B8F"><enum>(i)</enum><text>acquired by a person
from such eligible contractor and used by any person as a residence during the
taxable year, or</text>
</clause><clause id="H66EC60D439244B56A1AEA8ED9B7BF157" indent="up1"><enum>(ii)</enum><text>used by such eligible contractor
as a residence during the taxable
year.</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H212DDA150223420ABF66FD8E4B24C4F1"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to homes
acquired after December 31, 2008.</text>
</subsection></section><section commented="no" id="H5E36CF654FDC4DD99DC75DA3E2A91E2B"><enum>713.</enum><header>Extension and
modification of energy efficient commercial buildings deduction</header>
<subsection commented="no" id="HCEFA6E9233F14CB4B8BEDEB79D308D69"><enum>(a)</enum><header>Extension</header><text>Section
179D(h) (relating to termination) is amended by striking <quote>December 31,
2008</quote> and inserting <quote>December 31, 2009</quote>.</text>
</subsection><subsection commented="no" id="H7318B75D9C3A41768C035DA025584900"><enum>(b)</enum><header>Adjustment of
maximum deduction amount</header>
<paragraph commented="no" id="H26E49ECB17D9498F86E8A85DA4D398E"><enum>(1)</enum><header>In
general</header><text>Subparagraph (A) of section 179D(b)(1) (relating to
maximum amount of deduction) is amended by striking <quote>$1.80</quote> and
inserting <quote>$2.25</quote>.</text>
</paragraph><paragraph id="H3ACFC8AA7ECD41F791B5AF812320876E"><enum>(2)</enum><header>Partial
allowance</header><text>Paragraph (1) of section 179D(d) is amended—</text>
<subparagraph id="H057006BC73E5499FAC0346F0BEA8C201"><enum>(A)</enum><text>by striking
<quote>$.60</quote> and inserting <quote>$0.75</quote>, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H52139ECB8E164AFC90F4DFD52BC9B600"><enum>(B)</enum><text>by striking
<quote>$1.80</quote> and inserting <quote>$2.25</quote>.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H2DB8DEA81E464BA780924815E6400743"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service after the date of the enactment of this Act.</text>
</subsection></section><section display-inline="no-display-inline" id="H1ECE2C485A114FE6A3BB11EEBEDD1FFA" section-type="subsequent-section"><enum>714.</enum><header>Modification and
extension of energy efficient appliance credit for appliances produced after
2007</header>
<subsection id="H3383FCAD63984B6C8275ACF0BFEF054"><enum>(a)</enum><header>In
general</header><text>Subsection (b) of section 45M (relating to applicable
amount) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H103C0FFC85AF4C7F992E75EC900367BE" style="OLC">
<subsection id="H952B458379344E6B9ECECAA3A900223F"><enum>(b)</enum><header>Applicable
amount</header><text>For purposes of subsection (a)—</text>
<paragraph id="H6D5BDD0D5A144D72B6B0002718F42908"><enum>(1)</enum><header>Dishwashers</header><text>The
applicable amount is—</text>
<subparagraph id="H2EF801ECADE04995B29294A0598EB911"><enum>(A)</enum><text>$45 in the case of
a dishwasher which is manufactured in calendar year 2008 or 2009 and which uses
no more than 324 kilowatt hours per year and 5.8 gallons per cycle, and</text>
</subparagraph><subparagraph id="H3B3EE72C72CA4949B2B600111BDA4983"><enum>(B)</enum><text>$75 in the case of
a dishwasher which is manufactured in calendar year 2008, 2009, or 2010 and
which uses no more than 307 kilowatt hours per year and 5.0 gallons per cycle
(5.5 gallons per cycle for dishwashers designed for greater than 12 place
settings).</text>
</subparagraph></paragraph><paragraph id="H0F9762AB149441BD93EC9E9CCB318B53"><enum>(2)</enum><header>Clothes
washers</header><text>The applicable amount is—</text>
<subparagraph id="HD278AF0D612E49D989FA7422A4C6CF5F"><enum>(A)</enum><text>$75 in the case of
a residential top-loading clothes washer manufactured in calendar year 2008
which meets or exceeds a 1.72 modified energy factor and does not exceed a 8.0
water consumption factor,</text>
</subparagraph><subparagraph id="H230670E382714FC18B03569F3400255B"><enum>(B)</enum><text>$125 in the case
of a residential top-loading clothes washer manufactured in calendar year 2008
or 2009 which meets or exceeds a 1.8 modified energy factor and does not exceed
a 7.5 water consumption factor,</text>
</subparagraph><subparagraph id="H3292CDCB14194B7295BC8D9FFA880369"><enum>(C)</enum><text>$150 in the case
of a residential or commercial clothes washer manufactured in calendar year
2008, 2009, or 2010 which meets or exceeds 2.0 modified energy factor and does
not exceed a 6.0 water consumption factor, and</text>
</subparagraph><subparagraph id="H822DA2F7FCE2489CAEE1F83628248F90"><enum>(D)</enum><text>$250 in the case
of a residential or commercial clothes washer manufactured in calendar year
2008, 2009, or 2010 which meets or exceeds 2.2 modified energy factor and does
not exceed a 4.5 water consumption factor.</text>
</subparagraph></paragraph><paragraph id="H470E882E7967497F92A7B139D812A805"><enum>(3)</enum><header>Refrigerators</header><text>The
applicable amount is—</text>
<subparagraph id="HCB68B3EF3B7B43BBB5E06D9E212D4B79"><enum>(A)</enum><text>$50 in the case of
a refrigerator which is manufactured in calendar year 2008, and consumes at
least 20 percent but not more than 22.9 percent less kilowatt hours per year
than the 2001 energy conservation standards,</text>
</subparagraph><subparagraph id="H88F3B01D9E844B3F8810E07058D1A587"><enum>(B)</enum><text>$75 in the case of
a refrigerator which is manufactured in calendar year 2008 or 2009, and
consumes at least 23 percent but no more than 24.9 percent less kilowatt hours
per year than the 2001 energy conservation standards,</text>
</subparagraph><subparagraph id="HCFFE302266CD4A1FBD41B0FD49B9E2E7"><enum>(C)</enum><text>$100 in the case
of a refrigerator which is manufactured in calendar year 2008, 2009, or 2010,
and consumes at least 25 percent but not more than 29.9 percent less kilowatt
hours per year than the 2001 energy conservation standards, and</text>
</subparagraph><subparagraph id="HDCCA95274C08449C8DA039E2E8C0026"><enum>(D)</enum><text>$200 in the case of
a refrigerator manufactured in calendar year 2008, 2009, or 2010 and which
consumes at least 30 percent less energy than the 2001 energy conservation
standards.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HE33882BEED9D43C782994196F57FD0FA"><enum>(b)</enum><header>Eligible
production</header>
<paragraph id="H0166999EF9A04ADAAC13340040012701"><enum>(1)</enum><header>Similar
treatment for all appliances</header><text>Subsection (c) of section 45M
(relating to eligible production) is amended—</text>
<subparagraph id="HA9D7032D83694D35937B2BA5003703DD"><enum>(A)</enum><text>by striking
paragraph (2),</text>
</subparagraph><subparagraph id="HBAEB2CAA11C948748E351F3BADCEB9CE"><enum>(B)</enum><text>by striking
<quote>(1) <header-in-text level="paragraph" style="OLC">In
general</header-in-text></quote> and all that follows through <quote>the
eligible</quote> and inserting <quote>The eligible</quote>, and</text>
</subparagraph><subparagraph id="HA5F42B28F605475CBB9225046B4F7C6D"><enum>(C)</enum><text>by moving the text
of such subsection in line with the subsection heading and redesignating
subparagraphs (A) and (B) as paragraphs (1) and (2), respectively.</text>
</subparagraph></paragraph><paragraph id="H6CB8528117F8453CAFCAF565C38854A4"><enum>(2)</enum><header>Modification of
base period</header><text>Paragraph (2) of section 45M(c), as amended by
paragraph (1) of this section, is amended by striking <quote>3-calendar
year</quote> and inserting <quote>2-calendar year</quote>.</text>
</paragraph></subsection><subsection id="H5C084E776F6A440C99AF926F05BAC7E7"><enum>(c)</enum><header>Types of energy
efficient appliances</header><text>Subsection (d) of section 45M (defining
types of energy efficient appliances) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H24729917E0474741A97892D82E1773A" style="OLC">
<subsection id="HB1D0CF0205EF4E3696CD06CF24C3F4B9"><enum>(d)</enum><header>Types of energy
efficient appliance</header><text display-inline="yes-display-inline">For
purposes of this section, the types of energy efficient appliances are—</text>
<paragraph id="H1A2E72D4714344FC9C2400A371837DA2"><enum>(1)</enum><text>dishwashers
described in subsection (b)(1),</text>
</paragraph><paragraph id="H2AA4FAB45E1743BFA76B1B00BB13B4BE"><enum>(2)</enum><text>clothes washers
described in subsection (b)(2), and</text>
</paragraph><paragraph id="H15A179EB09A4411B9023137F27811261"><enum>(3)</enum><text>refrigerators
described in subsection
(b)(3).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H3207FB48192A46D490AB01795D969136"><enum>(d)</enum><header>Aggregate credit
amount allowed</header>
<paragraph id="H8159452EC79D40BC9397AB36E60A49"><enum>(1)</enum><header>Increase in
limit</header><text>Paragraph (1) of section 45M(e) (relating to aggregate
credit amount allowed) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H684D5281F90A4D219339403B095E6797" style="OLC">
<paragraph id="H55EF578A98954A33005C3C0005222B10"><enum>(1)</enum><header>Aggregate credit
amount allowed</header><text display-inline="yes-display-inline">The aggregate
amount of credit allowed under subsection (a) with respect to a taxpayer for
any taxable year shall not exceed $75,000,000 reduced by the amount of the
credit allowed under subsection (a) to the taxpayer (or any predecessor) for
all prior taxable years beginning after December 31,
2007.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H7FE10E013CA8446DB80249D0C82B528C"><enum>(2)</enum><header>Exception for
certain refrigerator and clothes washers</header><text>Paragraph (2) of section
45M(e) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H4FCDBDB4780746608161C3A6553926EF" style="OLC">
<paragraph id="HFB6280C4D11547169700C2F03E72F28D"><enum>(2)</enum><header>Amount allowed
for certain refrigerators and clothes washers</header><text display-inline="yes-display-inline">Refrigerators described in subsection
(b)(3)(D) and clothes washers described in subsection (b)(2)(D) shall not be
taken into account under paragraph
(1).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HF70A6AEF728C44BFBB9367BCA2D4B9B2"><enum>(e)</enum><header>Qualified energy
efficient appliances</header>
<paragraph id="H7388162A904348568E06FE54F72D16F7"><enum>(1)</enum><header>In
general</header><text>Paragraph (1) of section 45M(f) (defining qualified
energy efficient appliance) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HA8C0791153F143E8BFCCB42883F8B902" style="OLC">
<paragraph id="HF0B72B3250C0430C9BF0C90044062047"><enum>(1)</enum><header>Qualified energy
efficient appliance</header><text display-inline="yes-display-inline">The term
<term>qualified energy efficient appliance</term> means—</text>
<subparagraph id="H98E8F790FF5D42B9001D073E7470E1B7"><enum>(A)</enum><text display-inline="yes-display-inline">any dishwasher described in subsection
(b)(1),</text>
</subparagraph><subparagraph id="H7ADF3A7F970B442DBD22D3FA66BE58C9"><enum>(B)</enum><text>any clothes washer
described in subsection (b)(2), and</text>
</subparagraph><subparagraph id="HA1678AA75C514D3A9D8EF7E7F65C9EBA"><enum>(C)</enum><text>any refrigerator
described in subsection
(b)(3).</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H3F6D271EC4DA493FBEDA0012F398057D"><enum>(2)</enum><header>Clothes
washer</header><text>Section 45M(f)(3) (defining clothes washer) is amended by
inserting <quote>commercial</quote> before <quote>residential</quote> the
second place it appears.</text>
</paragraph><paragraph id="H63E47809C7414FF6810799EC10B540B4"><enum>(3)</enum><header>Top-loading
clothes washer</header><text>Subsection (f) of section 45M (relating to
definitions) is amended by redesignating paragraphs (4), (5), (6), and (7) as
paragraphs (5), (6), (7), and (8), respectively, and by inserting after
paragraph (3) the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H3C75A234D2824F78A54743BD22F82F58" style="OLC">
<paragraph id="H24CDFEF9C94644759BFAF0617F007790"><enum>(4)</enum><header>Top-loading
clothes washer</header><text display-inline="yes-display-inline">The term
<term>top-loading clothes washer</term> means a clothes washer which has the
clothes container compartment access located on the top of the machine and
which operates on a vertical
axis.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HDB326376070C43CEB65205EF46B8D0C7"><enum>(4)</enum><header>Replacement of
energy factor</header><text>Section 45M(f)(6), as redesignated by paragraph
(3), is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HBC939C0849FC4B408D35C633C3EC6DEF" style="OLC">
<paragraph id="HEDB2D87D2273406498725633DD31B1E3"><enum>(6)</enum><header>Modified energy
factor</header><text display-inline="yes-display-inline">The term
<term>modified energy factor</term> means the modified energy factor
established by the Department of Energy for compliance with the Federal energy
conservation
standard.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HB32D7CD7B21249A88889825F00A833A2"><enum>(5)</enum><header>Gallons per
cycle; water consumption factor</header><text>Section 45M(f) (relating to
definitions), as amended by paragraph (3), is amended by adding at the end the
following:</text>
<quoted-block display-inline="no-display-inline" id="H95B34C8CAA27476B8B00AE11A0806FDD" style="OLC">
<paragraph id="H2ABC72DA15B14795A630589F8300FF00"><enum>(9)</enum><header>Gallons per
cycle</header><text display-inline="yes-display-inline">The term <term>gallons
per cycle</term> means, with respect to a dishwasher, the amount of water,
expressed in gallons, required to complete a normal cycle of a
dishwasher.</text>
</paragraph><paragraph id="H02903B625C4D470C9EEB5DB7F04EA4F"><enum>(10)</enum><header>Water
consumption factor</header><text display-inline="yes-display-inline">The term
<term>water consumption factor</term> means, with respect to a clothes washer,
the quotient of the total weighted per-cycle water consumption divided by the
cubic foot (or liter) capacity of the clothes
washer.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H467DFB31AA8D4D1AA8C2E7D3E1BA6F93"><enum>(f)</enum><header>Effective
date</header><text display-inline="yes-display-inline">The amendments made by
this section shall apply to appliances produced after December 31, 2007.</text>
</subsection></section></subtitle><enum>VIII</enum><header>Repeal of
limitation on tax credit for efficient windows</header>
<section id="H3F4D55CBA3D9431481F87C8EB6EE0043"><enum>801.</enum><header>Repeal of
separate dollar limitation applicable to efficient windows under the
nonbusiness energy property credit</header>
<subsection id="HAA1129B3B06F400D8623F2FDA95DEE35"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 25C(b) of the
Internal Revenue Code of 1986 is amended by striking paragraph (2).</text>
</subsection><subsection id="H08D14D11FA6B45ACAE022645C6F3F2FF"><enum>(b)</enum><header>Effective
date</header><text display-inline="yes-display-inline">The amendment made by
this section shall apply to expenditures made after December 31, 2007.</text>
</subsection></section><enum>IX</enum><header>New
Domestic Supplies of Oil and Gas</header>
<subtitle id="H4E150E7A51844AE096912600A0667E"><enum>A</enum><header>Arctic National
Wildlife Refuge</header>
<section id="H430B4717390E4FE8005C95EAC2F0A083" section-type="subsequent-section"><enum>901.</enum><header>Short
title</header><text display-inline="no-display-inline">This subtitle may be
cited as the <quote><short-title>American-Made Energy and
Good Jobs Act</short-title></quote>.</text>
</section><section id="H1A08916000E1486CAED99D3BCDA763A"><enum>902.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="HF9EF64A854A14CCFA970E02D2DD4E2E"><enum>(1)</enum><header>Coastal
Plain</header><text>The term <term>Coastal Plain</term> means that area
described in appendix I to part 37 of title 50, Code of Federal
Regulations.</text>
</paragraph><paragraph id="H8EC9A2525A7F4ED680679504161E005B"><enum>(2)</enum><header>Secretary</header><text>The
term <term>Secretary</term>, except as otherwise provided, means the Secretary
of the Interior or the Secretary’s designee.</text>
</paragraph></section><section id="H8ED738820380402F931643CCA8004191"><enum>903.</enum><header>Leasing program
for lands within the Coastal Plain</header>
<subsection id="HC219D93A5FBF4DC2A03E22E7411600F6"><enum>(a)</enum><header>In
general</header><text>The Secretary shall take such actions as are
necessary—</text>
<paragraph id="H3C3F99798E4F42BF009DB9D87B2C8E00"><enum>(1)</enum><text>to establish and
implement, in accordance with this subtitle and acting through the Director of
the Bureau of Land Management in consultation with the Director of the United
States Fish and Wildlife Service, a competitive oil and gas leasing program
that will result in an environmentally sound program for the exploration,
development, and production of the oil and gas resources of the Coastal Plain;
and</text>
</paragraph><paragraph id="HE97AF578F3034E7EA208504E279B6D49"><enum>(2)</enum><text>to administer the
provisions of this subtitle through regulations, lease terms, conditions,
restrictions, prohibitions, stipulations, and other provisions that ensure the
oil and gas exploration, development, and production activities on the Coastal
Plain will result in no significant adverse effect on fish and wildlife, their
habitat, subsistence resources, and the environment, including, in furtherance
of this goal, by requiring the application of the best commercially available
technology for oil and gas exploration, development, and production to all
exploration, development, and production operations under this subtitle in a
manner that ensures the receipt of fair market value by the public for the
mineral resources to be leased.</text>
</paragraph></subsection><subsection id="H5C364FD9C2DA4811B15EA13D66B57137"><enum>(b)</enum><header>Repeal</header>
<paragraph id="H80B5282EECD34CE1A7A2F53FB97204F9"><enum>(1)</enum><header>Repeal</header><text>Section
1003 of the Alaska National Interest Lands Conservation Act of 1980 (16 U.S.C.
3143) is repealed.</text>
</paragraph><paragraph id="HEA2DB3D411C44BE69473DF6C614DE2A9"><enum>(2)</enum><header>Conforming
amendment</header><text>The table of contents in section 1 of such Act is
amended by striking the item relating to section 1003.</text>
</paragraph></subsection><subsection id="HDE41E8442D32410BAA22FAB7006DAD37"><enum>(c)</enum><header>Compliance with
requirements under certain other laws</header>
<paragraph id="HB7B52B7D4C544172B9003B0995D8E063"><enum>(1)</enum><header>Compatibility</header><text>For
purposes of the National Wildlife Refuge System Administration Act of 1966 (16
U.S.C. 668dd et seq.), the oil and gas leasing program and activities
authorized by this section in the Coastal Plain are deemed to be compatible
with the purposes for which the Arctic National Wildlife Refuge was
established, and no further findings or decisions are required to implement
this determination.</text>
</paragraph><paragraph id="HEE70C27637A744CEAE24CBE28539C5A"><enum>(2)</enum><header>Adequacy of the
Department of the Interior’s legislative environmental impact
statement</header><text>The <quote>Final Legislative Environmental Impact
Statement</quote> (April 1987) on the Coastal Plain prepared pursuant to
section 1002 of the Alaska National Interest Lands Conservation Act of 1980 (16
U.S.C. 3142) and section 102(2)(C) of the National Environmental Policy Act of
1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(C)</external-xref>) is deemed to satisfy the requirements under the
National Environmental Policy Act of 1969 that apply with respect to prelease
activities, including actions authorized to be taken by the Secretary to
develop and promulgate the regulations for the establishment of a leasing
program authorized by this subtitle before the conduct of the first lease
sale.</text>
</paragraph><paragraph id="HD03E4519C514435983A200D764253292"><enum>(3)</enum><header>Compliance with
NEPA for other actions</header><text>Before conducting the first lease sale
under this subtitle, the Secretary shall prepare an environmental impact
statement under the National Environmental Policy Act of 1969 with respect to
the actions authorized by this subtitle that are not referred to in paragraph
(2). Notwithstanding any other law, the Secretary is not required to identify
nonleasing alternative courses of action or to analyze the environmental
effects of such courses of action. The Secretary shall only identify a
preferred action for such leasing and a single leasing alternative, and analyze
the environmental effects and potential mitigation measures for those two
alternatives. The identification of the preferred action and related analysis
for the first lease sale under this subtitle shall be completed within 18
months after the date of enactment of this subtitle. The Secretary shall only
consider public comments that specifically address the Secretary’s preferred
action and that are filed within 20 days after publication of an environmental
analysis. Notwithstanding any other law, compliance with this paragraph is
deemed to satisfy all requirements for the analysis and consideration of the
environmental effects of proposed leasing under this subtitle.</text>
</paragraph></subsection><subsection id="H58F77C7DC5984DE99577646700320027"><enum>(d)</enum><header>Relationship to
State and local authority</header><text>Nothing in this subtitle shall be
considered to expand or limit State and local regulatory authority.</text>
</subsection><subsection id="HE94678F9E6474CF2B2B2C4E18F45DDF8"><enum>(e)</enum><header>Special
areas</header>
<paragraph id="HFDD872BB3BD04D85AB003F40525B03C6"><enum>(1)</enum><header>In
general</header><text>The Secretary, after consultation with the State of
Alaska, the city of Kaktovik, and the North Slope Borough, may designate up to
a total of 45,000 acres of the Coastal Plain as a Special Area if the Secretary
determines that the Special Area is of such unique character and interest so as
to require special management and regulatory protection. The Secretary shall
designate as such a Special Area the Sadlerochit Spring area, comprising
approximately 4,000 acres.</text>
</paragraph><paragraph id="H945EB19AE41446A9875F2ECBB94C377"><enum>(2)</enum><header>Management</header><text>Each
such Special Area shall be managed so as to protect and preserve the area’s
unique and diverse character including its fish, wildlife, and subsistence
resource values.</text>
</paragraph><paragraph id="HBFA31C35C92741F38CA66E6045BA7700"><enum>(3)</enum><header>Exclusion from
leasing or surface occupancy</header><text>The Secretary may exclude any
Special Area from leasing. If the Secretary leases a Special Area, or any part
thereof, for purposes of oil and gas exploration, development, production, and
related activities, there shall be no surface occupancy of the lands comprising
the Special Area.</text>
</paragraph><paragraph id="H5406FFDBA87445AB005FA4F800AC72E1"><enum>(4)</enum><header>Directional
drilling</header><text>Notwithstanding the other provisions of this subsection,
the Secretary may lease all or a portion of a Special Area under terms that
permit the use of horizontal drilling technology from sites on leases located
outside the Special Area.</text>
</paragraph></subsection><subsection id="H51A8381419CA4D7AB6FAE0D02881FEF3"><enum>(f)</enum><header>Limitation on
closed areas</header><text>The Secretary’s sole authority to close lands within
the Coastal Plain to oil and gas leasing and to exploration, development, and
production is that set forth in this subtitle.</text>
</subsection><subsection id="H358CB77A621046B6B35BC5D2FE76CB43"><enum>(g)</enum><header>Regulations</header>
<paragraph id="H854C3E04DFBF41CF8215E59900606144"><enum>(1)</enum><header>In
general</header><text>The Secretary shall prescribe such regulations as may be
necessary to carry out this subtitle, including rules and regulations relating
to protection of the fish and wildlife, their habitat, subsistence resources,
and environment of the Coastal Plain, by no later than 15 months after the date
of enactment of this subtitle.</text>
</paragraph><paragraph id="HACE1897FB0BC4A8B804B9C14E7805990"><enum>(2)</enum><header>Revision of
regulations</header><text>The Secretary shall periodically review and, if
appropriate, revise the rules and regulations issued under subsection (a) to
reflect any significant biological, environmental, or engineering data that
come to the Secretary’s attention.</text>
</paragraph></subsection></section><section id="HDC73E20FAD4B46ADBBE3A01E2DAAF3E5"><enum>904.</enum><header>Lease
sales</header>
<subsection id="H732C039219A64DD5BFA665C61EB7CBCB"><enum>(a)</enum><header>In
general</header><text>Lands may be leased pursuant to this subtitle to any
person qualified to obtain a lease for deposits of oil and gas under the
Mineral Leasing Act (<external-xref legal-doc="usc" parsable-cite="usc/30/181">30 U.S.C. 181 et seq.</external-xref>).</text>
</subsection><subsection id="H601694BE2DC749F2890068D4EBC43159"><enum>(b)</enum><header>Procedures</header><text>The
Secretary shall, by regulation, establish procedures for—</text>
<paragraph id="H7CCD31757D0348FC9870D4F09EB0A9D1"><enum>(1)</enum><text>receipt and
consideration of sealed nominations for any area in the Coastal Plain for
inclusion in, or exclusion (as provided in subsection (c)) from, a lease
sale;</text>
</paragraph><paragraph id="H408412D9C58044E193CAFAE30890DC"><enum>(2)</enum><text>the
holding of lease sales after such nomination process; and</text>
</paragraph><paragraph id="H458BF6D8EDBA4DD4843E74DFB8F9F3B"><enum>(3)</enum><text>public notice of
and comment on designation of areas to be included in, or excluded from, a
lease sale.</text>
</paragraph></subsection><subsection id="H26AF4C8A0E0346A4AC2777909B057768"><enum>(c)</enum><header>Lease sale
bids</header><text>Bidding for leases under this subtitle shall be by sealed
competitive cash bonus bids.</text>
</subsection><subsection id="HDADF6D3EDA264034B91897B5CB758892"><enum>(d)</enum><header>Acreage minimum
in first sale</header><text>In the first lease sale under this subtitle, the
Secretary shall offer for lease those tracts the Secretary considers to have
the greatest potential for the discovery of hydrocarbons, taking into
consideration nominations received pursuant to subsection (b)(1), but in no
case less than 200,000 acres.</text>
</subsection><subsection id="HA3E459B50E13436B90028434A08861F1"><enum>(e)</enum><header>Timing of lease
sales</header><text>The Secretary shall—</text>
<paragraph id="H5C4E9E429BCD4DF288F8CECBD9F88857"><enum>(1)</enum><text>conduct the first
lease sale under this subtitle within 22 months after the date of the enactment
of this subtitle; and</text>
</paragraph><paragraph id="H4E2DFF12348846F0877E57F97400B088"><enum>(2)</enum><text>conduct additional
sales so long as sufficient interest in development exists to warrant, in the
Secretary’s judgment, the conduct of such sales.</text>
</paragraph></subsection></section><section id="H0799E877855D4FC7AE6BCC86DD0119B9"><enum>905.</enum><header>Grant of leases
by the Secretary</header>
<subsection id="H2E66A31EE6D9402CBD898BF116AFD800"><enum>(a)</enum><header>In
general</header><text>The Secretary may grant to the highest responsible
qualified bidder in a lease sale conducted pursuant to section 904 any lands to
be leased on the Coastal Plain upon payment by the lessee of such bonus as may
be accepted by the Secretary.</text>
</subsection><subsection id="HEAFC01345053481181DA8F8616260042"><enum>(b)</enum><header>Subsequent
transfers</header><text>No lease issued under this subtitle may be sold,
exchanged, assigned, sublet, or otherwise transferred except with the approval
of the Secretary. Prior to any such approval the Secretary shall consult with,
and give due consideration to the views of, the Attorney General.</text>
</subsection></section><section id="H6A44BD4252124FE884F3CF550AF4BBF"><enum>906.</enum><header>Lease terms and
conditions</header>
<subsection id="H50E70E88480A4B17BB42DD175460F2AC"><enum>(a)</enum><header>In
general</header><text>An oil or gas lease issued pursuant to this subtitle
shall—</text>
<paragraph id="HB16863AEAB0148948E2BDAEEA4F9DAA2"><enum>(1)</enum><text>provide for the
payment of a royalty of not less than 12½ percent in amount or value of the
production removed or sold from the lease, as determined by the Secretary under
the regulations applicable to other Federal oil and gas leases;</text>
</paragraph><paragraph id="H2175CA551A084B7C8E9C1405B3F439CA"><enum>(2)</enum><text>provide that the
Secretary may close, on a seasonal basis, portions of the Coastal Plain to
exploratory drilling activities as necessary to protect caribou calving areas
and other species of fish and wildlife;</text>
</paragraph><paragraph id="H78BC9F46E163416C8871B58EAA55B0B7"><enum>(3)</enum><text>require that the
lessee of lands within the Coastal Plain shall be fully responsible and liable
for the reclamation of lands within the Coastal Plain and any other Federal
lands that are adversely affected in connection with exploration, development,
production, or transportation activities conducted under the lease and within
the Coastal Plain by the lessee or by any of the subcontractors or agents of
the lessee;</text>
</paragraph><paragraph id="H3388DC332CDF4828A26C3C3F6F94209F"><enum>(4)</enum><text>provide that the
lessee may not delegate or convey, by contract or otherwise, the reclamation
responsibility and liability to another person without the express written
approval of the Secretary;</text>
</paragraph><paragraph id="H571B965AA6AB471DB2E3DC8D9234AA57"><enum>(5)</enum><text>provide that the
standard of reclamation for lands required to be reclaimed under this subtitle
shall be, as nearly as practicable, a condition capable of supporting the uses
which the lands were capable of supporting prior to any exploration,
development, or production activities, or upon application by the lessee, to a
higher or better use as approved by the Secretary;</text>
</paragraph><paragraph id="HEC2964315F044AABB75CE16D856D5722"><enum>(6)</enum><text>contain terms and
conditions relating to protection of fish and wildlife, their habitat,
subsistence resources, and the environment as required pursuant to section
903(a)(2);</text>
</paragraph><paragraph id="H93C0C69DD11F42ED9DA2FD1CB778CCA"><enum>(7)</enum><text>provide that the
lessee, its agents, and its contractors use best efforts to provide a fair
share, as determined by the level of obligation previously agreed to in the
1974 agreement implementing section 29 of the Federal Agreement and Grant of
Right of Way for the Operation of the Trans-Alaska Pipeline, of employment and
contracting for Alaska Natives and Alaska Native Corporations from throughout
the State;</text>
</paragraph><paragraph id="HD07DEE1228C441429E1693D467ACF82E"><enum>(8)</enum><text>prohibit the
export of oil produced under the lease; and</text>
</paragraph><paragraph id="HD6BF0E6E3B3A4CACBAE7DA6DF8E53BAD"><enum>(9)</enum><text>contain such other
provisions as the Secretary determines necessary to ensure compliance with the
provisions of this subtitle and the regulations issued under this
subtitle.</text>
</paragraph></subsection><subsection id="H9C53C93D8F194A0287FB89E93C5F6EA"><enum>(b)</enum><header>Project labor
agreements</header><text>The Secretary, as a term and condition of each lease
under this subtitle and in recognizing the Government’s proprietary interest in
labor stability and in the ability of construction labor and management to meet
the particular needs and conditions of projects to be developed under the
leases issued pursuant to this subtitle and the special concerns of the parties
to such leases, shall require that the lessee and its agents and contractors
negotiate to obtain a project labor agreement for the employment of laborers
and mechanics on production, maintenance, and construction under the
lease.</text>
</subsection></section><section id="H49AE63AFA80E48ABB5BACA9B2EECF1D0"><enum>907.</enum><header>Coastal plain
environmental protection</header>
<subsection id="HD6259EC60447458DA11591C3CFF3F124"><enum>(a)</enum><header>No significant
adverse effect standard To govern authorized Coastal Plain
activities</header><text>The Secretary shall, consistent with the requirements
of section 903, administer the provisions of this subtitle through regulations,
lease terms, conditions, restrictions, prohibitions, stipulations, and other
provisions that—</text>
<paragraph id="HE3045DA4F4EB441AA54C82CADC444C10"><enum>(1)</enum><text>ensure the oil and
gas exploration, development, and production activities on the Coastal Plain
will result in no significant adverse effect on fish and wildlife, their
habitat, and the environment;</text>
</paragraph><paragraph id="H904917AFC2504A36BE4CC917085144F"><enum>(2)</enum><text>require the
application of the best commercially available technology for oil and gas
exploration, development, and production on all new exploration, development,
and production operations; and</text>
</paragraph><paragraph id="HD51F1C37D7094C5C8BDA5785FB512464"><enum>(3)</enum><text>ensure that the
maximum amount of surface acreage covered by production and support facilities,
including airstrips and any areas covered by gravel berms or piers for support
of pipelines, does not exceed 2,000 acres on the Coastal Plain.</text>
</paragraph></subsection><subsection id="H3DA820940D36473787FA3CFF9C891FC1"><enum>(b)</enum><header>Site-specific
assessment and mitigation</header><text>The Secretary shall also require, with
respect to any proposed drilling and related activities, that—</text>
<paragraph id="HA96A1D0950CB432AA4F000868C05839B"><enum>(1)</enum><text>a
site-specific analysis be made of the probable effects, if any, that the
drilling or related activities will have on fish and wildlife, their habitat,
subsistence resources, and the environment;</text>
</paragraph><paragraph id="H3BB619B636E54F7684861D3445008863"><enum>(2)</enum><text>a
plan be implemented to avoid, minimize, and mitigate (in that order and to the
extent practicable) any significant adverse effect identified under paragraph
(1); and</text>
</paragraph><paragraph id="H425FBFCAA0CA4E86A234175BAF46EE97"><enum>(3)</enum><text>the development of
the plan shall occur after consultation with the agency or agencies having
jurisdiction over matters mitigated by the plan.</text>
</paragraph></subsection><subsection id="H100A57D0ACD444448CA671AEEACEC21"><enum>(c)</enum><header>Regulations To
protect coastal plain fish and wildlife resources, subsistence users, and the
environment</header><text>Before implementing the leasing program authorized by
this subtitle, the Secretary shall prepare and promulgate regulations, lease
terms, conditions, restrictions, prohibitions, stipulations, and other measures
designed to ensure that the activities undertaken on the Coastal Plain under
this subtitle are conducted in a manner consistent with the purposes and
environmental requirements of this subtitle.</text>
</subsection><subsection id="H1B82CAB2AD1C4B938BF5C2C403BEA9FD"><enum>(d)</enum><header>Compliance with
Federal and State environmental laws and other requirements</header><text>The
proposed regulations, lease terms, conditions, restrictions, prohibitions, and
stipulations for the leasing program under this subtitle shall require
compliance with all applicable provisions of Federal and State environmental
law, and shall also require the following:</text>
<paragraph id="H346DC98F46234C96B9919C89DBC200C4"><enum>(1)</enum><text>Standards at least
as effective as the safety and environmental mitigation measures set forth in
items 1 through 29 at pages 167 through 169 of the <quote>Final Legislative
Environmental Impact Statement</quote> (April 1987) on the Coastal
Plain.</text>
</paragraph><paragraph id="H106143D389BC4ECAAAB1265D4CF8989E"><enum>(2)</enum><text>Seasonal
limitations on exploration, development, and related activities, where
necessary, to avoid significant adverse effects during periods of concentrated
fish and wildlife breeding, denning, nesting, spawning, and migration.</text>
</paragraph><paragraph id="H298290E071E04F8E00D2361241F2EDB5"><enum>(3)</enum><text>That exploration
activities, except for surface geological studies, be limited to the period
between approximately November 1 and May 1 each year and that exploration
activities shall be supported, if necessary, by ice roads, winter trails with
adequate snow cover, ice pads, ice airstrips, and air transport methods, except
that such exploration activities may occur at other times if the Secretary
finds that such exploration will have no significant adverse effect on the fish
and wildlife, their habitat, and the environment of the Coastal Plain.</text>
</paragraph><paragraph id="H973EEF29889A4002800582C47611289F"><enum>(4)</enum><text>Design safety and
construction standards for all pipelines and any access and service roads,
that—</text>
<subparagraph id="HF97A9C837C044A8C83F91FA505AA6E8B"><enum>(A)</enum><text>minimize, to the
maximum extent possible, adverse effects upon the passage of migratory species
such as caribou; and</text>
</subparagraph><subparagraph id="HD8B0C9785FAD49199BB5B49D5690DC40"><enum>(B)</enum><text>minimize adverse
effects upon the flow of surface water by requiring the use of culverts,
bridges, and other structural devices.</text>
</subparagraph></paragraph><paragraph id="H937566DE57EB43978EA44287E01D8A"><enum>(5)</enum><text>Prohibitions on
general public access and use on all pipeline access and service roads.</text>
</paragraph><paragraph id="HE0A41F0E3B8448DA8EBFC0A234D088D"><enum>(6)</enum><text>Stringent
reclamation and rehabilitation requirements, consistent with the standards set
forth in this subtitle, requiring the removal from the Coastal Plain of all oil
and gas development and production facilities, structures, and equipment upon
completion of oil and gas production operations, except that the Secretary may
exempt from the requirements of this paragraph those facilities, structures, or
equipment that the Secretary determines would assist in the management of the
Arctic National Wildlife Refuge and that are donated to the United States for
that purpose.</text>
</paragraph><paragraph id="H3D32C7EB29474F008E2CD75CEC235E00"><enum>(7)</enum><text>Appropriate
prohibitions or restrictions on access by all modes of transportation.</text>
</paragraph><paragraph id="HB3AF26790CD74D9984008B3265BDB0B"><enum>(8)</enum><text>Appropriate
prohibitions or restrictions on sand and gravel extraction.</text>
</paragraph><paragraph id="HE83BF85F861345C5A374D9865F2E54DE"><enum>(9)</enum><text>Consolidation of
facility siting.</text>
</paragraph><paragraph id="HF1715781EDD749149F9595F97BE75420"><enum>(10)</enum><text>Appropriate
prohibitions or restrictions on use of explosives.</text>
</paragraph><paragraph id="H1B29A6FC4F60444B941DBF9B3CFDE2A5"><enum>(11)</enum><text>Avoidance, to the
extent practicable, of springs, streams, and river system; the protection of
natural surface drainage patterns, wetlands, and riparian habitats; and the
regulation of methods or techniques for developing or transporting adequate
supplies of water for exploratory drilling.</text>
</paragraph><paragraph id="H6D4B42354DDB4A3CBBC71838846075BC"><enum>(12)</enum><text>Avoidance or
minimization of air traffic-related disturbance to fish and wildlife.</text>
</paragraph><paragraph id="H2D1985E7598744088DD375A42E414F64"><enum>(13)</enum><text>Treatment and
disposal of hazardous and toxic wastes, solid wastes, reserve pit fluids,
drilling muds and cuttings, and domestic wastewater, including an annual waste
management report, a hazardous materials tracking system, and a prohibition on
chlorinated solvents, in accordance with applicable Federal and State
environmental law.</text>
</paragraph><paragraph id="HCA6666DFAFA844C3839D14BA4E1BFFBF"><enum>(14)</enum><text>Fuel storage and
oil spill contingency planning.</text>
</paragraph><paragraph id="H9CD72C832EF548E09E36A76CBD994D3E"><enum>(15)</enum><text>Research,
monitoring, and reporting requirements.</text>
</paragraph><paragraph id="HEDA75B03AB9449FDBEB2E700E1452BB7"><enum>(16)</enum><text>Field crew
environmental briefings.</text>
</paragraph><paragraph id="H89A4502A6AFF4E1B9886D10016EBC404"><enum>(17)</enum><text>Avoidance of
significant adverse effects upon subsistence hunting, fishing, and trapping by
subsistence users.</text>
</paragraph><paragraph id="H9686FD59879743DF94AB71BE34C8471B"><enum>(18)</enum><text>Compliance with
applicable air and water quality standards.</text>
</paragraph><paragraph id="H4D32C269031F43FE97A01187F13CDA62"><enum>(19)</enum><text>Appropriate
seasonal and safety zone designations around well sites, within which
subsistence hunting and trapping shall be limited.</text>
</paragraph><paragraph id="H92FA5E3165AC46D983B4AC7B57EBD402"><enum>(20)</enum><text>Reasonable
stipulations for protection of cultural and archeological resources.</text>
</paragraph><paragraph id="H513A5762B69649B500DB1C5BB489167E"><enum>(21)</enum><text>All other
protective environmental stipulations, restrictions, terms, and conditions
deemed necessary by the Secretary.</text>
</paragraph></subsection><subsection id="H8BADD9E2D3594BB4B74E00278BEF5376"><enum>(e)</enum><header>Considerations</header><text>In
preparing and promulgating regulations, lease terms, conditions, restrictions,
prohibitions, and stipulations under this section, the Secretary shall consider
the following:</text>
<paragraph id="H3DF5473591724856BFC70F9A07CABA1"><enum>(1)</enum><text>The stipulations
and conditions that govern the National Petroleum Reserve-Alaska leasing
program, as set forth in the 1999 Northeast National Petroleum Reserve-Alaska
Final Integrated Activity Plan/Environmental Impact Statement.</text>
</paragraph><paragraph id="HE1FD4B8DDA254B00BE2C50BF8C395142"><enum>(2)</enum><text>The environmental
protection standards that governed the initial Coastal Plain seismic
exploration program under parts 37.31 to 37.33 of title 50, Code of Federal
Regulations.</text>
</paragraph><paragraph id="H92894EC784AE4CC082BFFF2C72EAD12"><enum>(3)</enum><text>The land use
stipulations for exploratory drilling on the KIC–ASRC private lands that are
set forth in Appendix 2 of the August 9, 1983, agreement between Arctic Slope
Regional Corporation and the United States.</text>
</paragraph></subsection><subsection id="H057D35C911D6477C99512909F08281EF"><enum>(f)</enum><header>Facility
consolidation planning</header>
<paragraph id="HD201CE903D8944ACB796EE3987AD2CAD"><enum>(1)</enum><header>In
general</header><text>The Secretary shall, after providing for public notice
and comment, prepare and update periodically a plan to govern, guide, and
direct the siting and construction of facilities for the exploration,
development, production, and transportation of Coastal Plain oil and gas
resources.</text>
</paragraph><paragraph id="H39487EBB6B3E47928749C335F4D1C259"><enum>(2)</enum><header>Objectives</header><text>The
plan shall have the following objectives:</text>
<subparagraph id="HE904D03A18354D90B9AE85449EA78C6B"><enum>(A)</enum><text>Avoiding
unnecessary duplication of facilities and activities.</text>
</subparagraph><subparagraph id="H8EF3EC41E7DD4C22A0B814A7A4035C00"><enum>(B)</enum><text>Encouraging
consolidation of common facilities and activities.</text>
</subparagraph><subparagraph id="H3F15E0DC30D64E3A9DB1B692CEDEB1BE"><enum>(C)</enum><text>Locating or
confining facilities and activities to areas that will minimize impact on fish
and wildlife, their habitat, and the environment.</text>
</subparagraph><subparagraph id="HAF879CB55A764A89A55110A94C2C8232"><enum>(D)</enum><text>Utilizing existing
facilities wherever practicable.</text>
</subparagraph><subparagraph id="HE6D9F123DE4E4FB7B238E5F0FF667442"><enum>(E)</enum><text>Enhancing
compatibility between wildlife values and development activities.</text>
</subparagraph></paragraph></subsection><subsection id="HAC040FAC23EC4E4D994C15D9DFE08FBD"><enum>(g)</enum><header>Access to public
lands</header><text>The Secretary shall—</text>
<paragraph id="H8B47439E1B7F4E6900901DBCCA1BED6C"><enum>(1)</enum><text>manage public
lands in the Coastal Plain subject to subsections (a) and (b) of section 811 of
the Alaska National Interest Lands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/16/3121">16 U.S.C. 3121</external-xref>);
and</text>
</paragraph><paragraph id="H37A8FB8181024266902709FE3509AEF6"><enum>(2)</enum><text>ensure that local
residents shall have reasonable access to public lands in the Coastal Plain for
traditional uses.</text>
</paragraph></subsection></section><section id="HA8E46B43F9364C18B93B189FC4F024DD"><enum>908.</enum><header>Expedited
judicial review</header>
<subsection id="HAE8AF18BE21A499BBC182B6196228EE0"><enum>(a)</enum><header>Filing of
complaint</header>
<paragraph id="HE80FE7BADB104CCE9396E72DE74E6E9E"><enum>(1)</enum><header>Deadline</header><text>Subject
to paragraph (2), any complaint seeking judicial review of any provision of
this subtitle or any action of the Secretary under this subtitle shall be
filed—</text>
<subparagraph id="HFCA2B80A440E4A6BAF9D3526D5D11E08"><enum>(A)</enum><text>except as provided
in subparagraph (B), within the 90-day period beginning on the date of the
action being challenged; or</text>
</subparagraph><subparagraph id="HF2CD545D71AA4237A1C02FEB01458F82"><enum>(B)</enum><text>in the case of a
complaint based solely on grounds arising after such period, within 90 days
after the complainant knew or reasonably should have known of the grounds for
the complaint.</text>
</subparagraph></paragraph><paragraph id="H3124E44B06794D64964D4DD1E5F3AFF6"><enum>(2)</enum><header>Venue</header><text>Any
complaint seeking judicial review of any provision of this subtitle or any
action of the Secretary under this subtitle may be filed only in the United
States Court of Appeals for the District of Columbia.</text>
</paragraph><paragraph id="HD06F2E3C165644BB80CE3E32214F23F7"><enum>(3)</enum><header>Limitation on
scope of certain review</header><text>Judicial review of a Secretarial decision
to conduct a lease sale under this subtitle, including the environmental
analysis thereof, shall be limited to whether the Secretary has complied with
the terms of this subtitle and shall be based upon the administrative record of
that decision. The Secretary’s identification of a preferred course of action
to enable leasing to proceed and the Secretary’s analysis of environmental
effects under this subtitle shall be presumed to be correct unless shown
otherwise by clear and convincing evidence to the contrary.</text>
</paragraph></subsection><subsection id="HBA66B0A33BA341A8B213020073575592"><enum>(b)</enum><header>Limitation on
other review</header><text>Actions of the Secretary with respect to which
review could have been obtained under this section shall not be subject to
judicial review in any civil or criminal proceeding for enforcement.</text>
</subsection></section><section id="HA39C364A3BF24E58A21B21D9FFB218E"><enum>909.</enum><header>Federal and
State distribution of revenues</header>
<subsection id="HA27E2D34A18C49C09323C8E6CB3FE47E"><enum>(a)</enum><header>In
general</header><text>Notwithstanding any other provision of law, of the amount
of adjusted bonus, rental, and royalty revenues from Federal oil and gas
leasing and operations authorized under this subtitle—</text>
<paragraph id="H1BDC64CB786045B9B7E283A955CAC8B7"><enum>(1)</enum><text>50 percent shall
be paid to the State of Alaska; and</text>
</paragraph><paragraph id="H0EB8342E9B324803BB0092A0A57E5BAD"><enum>(2)</enum><text>except as provided
in section 912(d), the balance shall be deposited into the Treasury as
miscellaneous receipts.</text>
</paragraph></subsection><subsection id="H8897F5F5781942108ED800F0F25B4BE6"><enum>(b)</enum><header>Payments to
Alaska</header><text>Payments to the State of Alaska under this section shall
be made semiannually.</text>
</subsection></section><section id="H7121CF2FF0FA44099B6F769D54199818"><enum>910.</enum><header>Rights-of-way
across the Coastal Plain</header>
<subsection id="H4D740F18B3D0406782F2D672433BC553"><enum>(a)</enum><header>In
general</header><text>The Secretary shall issue rights-of-way and easements
across the Coastal Plain for the transportation of oil and gas—</text>
<paragraph id="HB8E7EB7AAAFC47DE8C93FBFA1BEDAED3"><enum>(1)</enum><text>except as provided
in paragraph (2), under section 28 of the Mineral Leasing Act (<external-xref legal-doc="usc" parsable-cite="usc/30/185">30 U.S.C. 185</external-xref>),
without regard to title XI of the Alaska National Interest Lands Conservation
Act (<external-xref legal-doc="usc" parsable-cite="usc/30/3161">30 U.S.C. 3161 et seq.</external-xref>); and</text>
</paragraph><paragraph id="H965E1E3B69C740DABD951EACF5A7382D"><enum>(2)</enum><text>under title XI of
the Alaska National Interest Lands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/30/3161">30 U.S.C. 3161 et seq.</external-xref>),
for access authorized by sections 1110 and 1111 of that Act (16 U.S.C. 3170 and
3171).</text>
</paragraph></subsection><subsection id="H3EC5110975394336B6464B43015D3D6D"><enum>(b)</enum><header>Terms and
conditions</header><text>The Secretary shall include in any right-of-way or
easement issued under subsection (a) such terms and conditions as may be
necessary to ensure that transportation of oil and gas does not result in a
significant adverse effect on the fish and wildlife, subsistence resources,
their habitat, and the environment of the Coastal Plain, including requirements
that facilities be sited or designed so as to avoid unnecessary duplication of
roads and pipelines.</text>
</subsection><subsection id="H47F4C91FC5AD47578E66D2B6C12C65C1"><enum>(c)</enum><header>Regulations</header><text>The
Secretary shall include in regulations under section 903(g) provisions granting
rights-of-way and easements described in subsection (a) of this section.</text>
</subsection></section><section id="HE5A7B62F838B4079BA742498025DDED5"><enum>911.</enum><header>Conveyance</header><text display-inline="no-display-inline">In order to maximize Federal revenues by
removing clouds on title to lands and clarifying land ownership patterns within
the Coastal Plain, the Secretary, notwithstanding the provisions of section
1302(h)(2) of the Alaska National Interest Lands Conservation Act (16 U.S.C.
3192(h)(2)), shall convey—</text>
<paragraph id="HD46439B31F7D46FBB5CB1B7CCA393ED3"><enum>(1)</enum><text>to the Kaktovik
Inupiat Corporation the surface estate of the lands described in paragraph 1 of
Public Land Order 6959, to the extent necessary to fulfill the Corporation’s
entitlement under sections 12 and 14 of the Alaska Native Claims Settlement Act
(43 U.S.C. 1611 and 1613) in accordance with the terms and conditions of the
Agreement between the Department of the Interior, the United States Fish and
Wildlife Service, the Bureau of Land Management, and the Kaktovik Inupiat
Corporation effective January 22, 1993; and</text>
</paragraph><paragraph id="HA419586CE8C44D33BD27E2C329FA2F1"><enum>(2)</enum><text>to
the Arctic Slope Regional Corporation the remaining subsurface estate to which
it is entitled pursuant to the August 9, 1983, agreement between the Arctic
Slope Regional Corporation and the United States of America.</text>
</paragraph></section><section id="H6EB0FB0B1FA440D9923E46D440CDD4B"><enum>912.</enum><header>Local government
impact aid and community service assistance</header>
<subsection id="HB3275232209B4B55A546E7D7F2709B00"><enum>(a)</enum><header>Financial
assistance authorized</header>
<paragraph id="HF43635D8EDFE41030000C7FB97B580E0"><enum>(1)</enum><header>In
general</header><text>The Secretary may use amounts available from the Coastal
Plain Local Government Impact Aid Assistance Fund established by subsection (d)
to provide timely financial assistance to entities that are eligible under
paragraph (2) and that are directly impacted by the exploration for or
production of oil and gas on the Coastal Plain under this subtitle.</text>
</paragraph><paragraph id="HC1F1DA30C2A74B6487B5D93326B22903"><enum>(2)</enum><header>Eligible
entities</header><text>The North Slope Borough, the City of Kaktovik, and any
other borough, municipal subdivision, village, or other community in the State
of Alaska that is directly impacted by exploration for, or the production of,
oil or gas on the Coastal Plain under this subtitle, as determined by the
Secretary, shall be eligible for financial assistance under this
section.</text>
</paragraph></subsection><subsection id="H86616A1D92B7427CACDED609C27C1760"><enum>(b)</enum><header>Use of
assistance</header><text>Financial assistance under this section may be used
only for—</text>
<paragraph id="H8862D178A10040C59B07009CF85DC6FC"><enum>(1)</enum><text>planning for
mitigation of the potential effects of oil and gas exploration and development
on environmental, social, cultural, recreational, and subsistence
values;</text>
</paragraph><paragraph id="HA610070B90C44DAC9B68067250B244E3"><enum>(2)</enum><text>implementing
mitigation plans and maintaining mitigation projects;</text>
</paragraph><paragraph id="HAF932BA9B0DC471BB887663D0430EEB1"><enum>(3)</enum><text>developing,
carrying out, and maintaining projects and programs that provide new or
expanded public facilities and services to address needs and problems
associated with such effects, including fire-fighting, police, water, waste
treatment, medivac, and medical services; and</text>
</paragraph><paragraph id="HA679B185C162428A8541F4AF447B0408"><enum>(4)</enum><text>establishment of a
coordination office, by the North Slope Borough, in the City of Kaktovik, which
shall—</text>
<subparagraph id="H632FDF5C1DC6416CB13F653414ACD1B6"><enum>(A)</enum><text>coordinate with
and advise developers on local conditions, impact, and history of the areas
utilized for development; and</text>
</subparagraph><subparagraph id="H285A3BE7962B418A9BCD996612000006"><enum>(B)</enum><text>provide to the
Committee on Resources of the House of Representatives and the Committee on
Energy and Natural Resources of the Senate an annual report on the status of
coordination between developers and the communities affected by
development.</text>
</subparagraph></paragraph></subsection><subsection id="H9408585E1FFA407192F81535C3DA1659"><enum>(c)</enum><header>Application</header>
<paragraph id="H88FC80C7DD7146FE8E53E68ED3FF1D0"><enum>(1)</enum><header>In
general</header><text>Any community that is eligible for assistance under this
section may submit an application for such assistance to the Secretary, in such
form and under such procedures as the Secretary may prescribe by
regulation.</text>
</paragraph><paragraph id="H46B3A4B9573E41159DB459502D3F1232"><enum>(2)</enum><header>North Slope
Borough communities</header><text>A community located in the North Slope
Borough may apply for assistance under this section either directly to the
Secretary or through the North Slope Borough.</text>
</paragraph><paragraph id="H1728579480474D47B3E093C0C1E17AC"><enum>(3)</enum><header>Application
assistance</header><text>The Secretary shall work closely with and assist the
North Slope Borough and other communities eligible for assistance under this
section in developing and submitting applications for assistance under this
section.</text>
</paragraph></subsection><subsection id="H16E1CBEE5D2B420BA432BBFEDFD8BC4"><enum>(d)</enum><header>Establishment of
fund</header>
<paragraph id="H2D529E8A171144FFA8DE302026A96EF2"><enum>(1)</enum><header>In
general</header><text>There is established in the Treasury the Coastal Plain
Local Government Impact Aid Assistance Fund.</text>
</paragraph><paragraph id="HF06C5862BB6E40C299F98B666758D5EA"><enum>(2)</enum><header>Use</header><text>Amounts
in the fund may be used only for providing financial assistance under this
section.</text>
</paragraph><paragraph id="HE820712F73244FEF8B28CD22EEEBD29B"><enum>(3)</enum><header>Deposits</header><text>Subject
to paragraph (4), there shall be deposited into the fund amounts received by
the United States as revenues derived from rents, bonuses, and royalties from
Federal leases and lease sales authorized under this subtitle.</text>
</paragraph><paragraph id="H0E006BEA89F34CDEACA256771576F400"><enum>(4)</enum><header>Limitation on
deposits</header><text>The total amount in the fund may not exceed
$11,000,000.</text>
</paragraph><paragraph id="H2F167DE4A6124510AFC35C2B65E1234"><enum>(5)</enum><header>Investment of
balances</header><text>The Secretary of the Treasury shall invest amounts in
the fund in interest bearing government securities.</text>
</paragraph></subsection><subsection id="H315F1908F3C94485B3EBED14D7796BA"><enum>(e)</enum><header>Authorization of
appropriations</header><text>To provide financial assistance under this section
there is authorized to be appropriated to the Secretary from the Coastal Plain
Local Government Impact Aid Assistance Fund $5,000,000 for each fiscal
year.</text>
</subsection></section></subtitle><subtitle id="H319D1E0721EB42D88B5EA263E1AD9DEE"><enum>B</enum><header>Offshore oil and
gas</header>
<section id="HEED2367AE3614FE4B34388FBFE440067"><enum>921.</enum><header>Termination of
moratoria on leasing and permitting</header><text display-inline="no-display-inline">No prohibition on leasing of Federal
submerged lands of the Outer Continental Shelf for exploration, development, or
production of oil or gas, on for the issuance of any permit under Federal law
for exploration, development, or production of oil or gas under a leases for
such submerged lands, or on the expenditure of Federal funds with respect to
such leasing or issuance, shall have any force or effect.</text>
</section></subtitle><enum>X</enum><header>Climate Change
Research and Development Funding</header>
<section id="HCC18E10BB37A45059846079BB056D26C"><enum>1001.</enum><header>Applied
research</header><text display-inline="no-display-inline">Each Federal agency
to which funds have been appropriated for conducting climate change basic
research, as identified by the Office of Management and Budget in its annual
report to Congress entitled <quote>Federal Climate Change Expenditures Report
to Congress</quote>, may use such funds only for climate change applied
research, including research carried out through grants to universities.</text>
</section>