110 HR 6186 IH: Investing in Climate Action and Protection
U.S. House of Representatives
2008-06-04
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 Investing in Climate Action and Protection
Act
.
(b)The table of contents of this Act is as follows:
Sec. 1. Short title; table of contents.
Sec. 2. Findings.
Sec. 3. Purposes.
Sec. 4. Definitions.
Title I—CAPPING GREENHOUSE GAS EMISSIONS
Sec. 101. Amendment of Clean Air
Act.
Title VII—GREENHOUSE GAS EMISSIONS
Sec. 700. Definitions.
Subtitle A—Tracking emissions
Sec. 701. Purpose.
Sec. 702. Definitions.
Sec. 703. Determination of carbon dioxide equivalent value of
greenhouse gases.
Sec. 704. Designation of greenhouse gases.
Sec. 705. Reporting requirements.
Sec. 706. Data quality and verification.
Sec. 707. Federal greenhouse gas registry.
Subtitle B—Reducing Emissions
Sec. 711. Emission allowance account.
Sec. 712. Compliance obligation.
Sec. 713. Penalty for noncompliance.
Subtitle C—Distribution of Allowances
Sec. 721. Auctions.
Sec. 722. Auction proceeds.
Sec. 723. Transitional assistance to manufacturers of
trade-exposed primary goods.
Subtitle D—Trading, Banking, and Borrowing
Sec. 731. Trading.
Sec. 732. Banking.
Sec. 733. Borrowing.
Subtitle E—Domestic Offsets
Sec. 741. Establishment of domestic offset program.
Sec. 742. Eligible project types.
Sec. 743. Protocols and accounting methods.
Sec. 744. Project initiation.
Sec. 745. Offset verification and issuance of
credits.
Sec. 746. Audits.
Sec. 747. Timing and the provision of offset
credits.
Sec. 748. Environmental considerations.
Sec. 749. Ownership and transfer of offset credits.
Subtitle F—International Emission Allowances and Offset
Credits
Sec. 751. International emission allowances.
Sec. 752. International offset credits.
Sec. 753. Retirement.
Subtitle G—Global Effort To Reduce Greenhouse Gas
Emissions
Sec. 761. Definitions.
Sec. 762. Purposes.
Sec. 763. International negotiations.
Sec. 764. Determination of comparable action.
Sec. 765. International reserve allowance program.
Sec. 766. Adjustment of international reserve allowance
requirements.
Subtitle H—Standards for Noncovered Facilities and Coal-Fired
Power Plants
Sec. 771. Performance standards for certain sources that are
not covered entities.
Sec. 772. Performance standards for new coal-fired power
plants.
Sec. 102. Conforming amendments.
Sec. 103. Complementary policies for
hydrofluorocarbons.
Sec. 104. Waiver of preemption for California greenhouse gas
emission standards for vehicles.
Sec. 105. Low-carbon fuel standard.
Title II—CARBON MARKET OVERSIGHT
Sec. 201. Amendment of Federal Power
Act.
Part IV—Regulation of carbon markets
Sec. 401. Purposes.
Sec. 402. Definitions.
Sec. 403. Office of Carbon Market Oversight;
jurisdiction.
Sec. 404. Regulation of carbon trading.
Sec. 405. Registration of carbon trading facilities, brokers,
dealers, and carbon clearing organizations.
Sec. 406. Administrative enforcement.
Sec. 407. Civil judicial enforcement.
Sec. 408. Criminal enforcement.
Sec. 409. Market reports.
Sec. 410. Application of other
provisions.
Title III—INVESTING IN AMERICA’S LOW-CARBON FUTURE
Subtitle A—Climate Trust Tax Credits and Rebates
Sec. 301. Purpose.
Sec. 302. Climate Trust tax credit for working families and
senior citizens.
Sec. 303. Climate Trust rebates for low-income
households.
Subtitle B—Low-Carbon Technology Fund
Sec. 311. Purposes.
Sec. 312. Funding.
Sec. 313. Renewable energy and energy efficiency research,
development, and demonstration.
Sec. 314. Renewable energy deployment incentives.
Sec. 315. Carbon capture and sequestration demonstration and
deployment.
Sec. 316. Fiscal years 2021 through 2050.
Subtitle C—National Energy Efficiency Fund
Sec. 321. Purposes.
Sec. 322. Definitions.
Sec. 323. Funding.
Sec. 324. Electricity consumers.
Sec. 325. Natural gas consumers.
Sec. 326. Building efficiency.
Sec. 327. Smart growth and mass transit.
Sec. 328. Weatherization Assistance Program and Low-Income Home
Energy Assistance Program.
Sec. 329. Recycling.
Subtitle D—Agriculture and Forestry Carbon Fund
Sec. 331. Purpose.
Sec. 332. Definitions.
Sec. 333. Funding.
Sec. 334. Agricultural and forestry greenhouse gas management
research.
Sec. 335. Incentive program.
Sec. 336. Outreach initiative on revenue enhancement for
agricultural producers and foresters.
Subtitle E—Green Jobs Training and Worker Transition
Assistance
Chapter 1—General provisions
Sec. 341. Purposes.
Sec. 342. Definitions.
Sec. 343. Funding.
Sec. 344. Establishment of worker transition assistance
program.
Sec. 345. Petition and certification of
eligibility.
Sec. 346. Group eligibility requirements.
Sec. 347. Benefit information for workers.
Chapter 2—Program benefits
Sec. 351. Income support assistance.
Sec. 352. Training and other adjustment assistance.
Sec. 353. Reemployment adjustment assistance
program.
Sec. 354. Health coverage tax credits.
Sec. 355. Administration.
Subtitle F—National Climate Change Adaptation
Program
Sec. 361. Findings and purpose.
Sec. 362. Definitions.
Sec. 363. Funding.
Sec. 364. National Climate Change Adaptation
Council.
Sec. 365. National Climate Change Adaptation
Program.
Sec. 366. National Climate Change Vulnerability
Assessments.
Sec. 367. Climate change adaptation services.
Sec. 368. Federal agency climate change adaptation
plans.
Sec. 369. Federal funding for State, local, and tribal
adaptation projects.
Subtitle G—Natural Resource Conservation Fund
Sec. 371. Purposes.
Sec. 372. Definitions.
Sec. 373. Use of amounts in Natural Resource Conservation
Fund.
Subtitle H—Climate Change Education and Centers for
Excellence
Sec. 381. Purposes.
Sec. 382. Funding.
Sec. 383. National Science Foundation climate change education
programs.
Sec. 384. Environmental Protection Agency climate change
education program.
Sec. 385. Climate change centers for excellence.
Title IV—ENCOURAGING GLOBAL ACTION
Subtitle A—International Forest Protection Fund
Sec. 401. Findings and purposes.
Sec. 402. Definitions.
Sec. 403. Funding.
Sec. 404. Eligibility requirements and standards for forest
carbon activities.
Sec. 405. Assistance for forest carbon activities.
Sec. 406. Capacity-building grants.
Sec. 407. Annual reports.
Subtitle B—International Clean Technology Fund
Sec. 411. Purposes.
Sec. 412. Definitions.
Sec. 413. Interagency group.
Sec. 414. Determination of eligible countries.
Sec. 415. Funding.
Sec. 416. Annual reports.
Subtitle C—International Climate Change Adaptation Program
Sec. 421. Findings and purposes.
Sec. 422. Definitions.
Sec. 423. Establishment.
Sec. 424. Functions of program.
Sec. 425. Funding.
Sec. 426. Monitoring and evaluation of program.
Title V—LEGAL FRAMEWORK FOR GEOLOGICAL SEQUESTRATION OF CARBON
DIOXIDE
Sec. 501. National regulations.
Sec. 502. Liabilities for closed geological sequestration
sites.
Title VI—BUILDING EFFICIENCY STANDARDS
Sec. 601. Updating State building energy efficiency
codes.
Sec. 602. Conforming amendment.
Title VII—REVIEWS AND RECOMMENDATIONS
Sec. 701. National Academy of Sciences review and
recommendations.
Sec. 702. Government Accountability Office review and
recommendations.
Sec. 703. Presidential recommendations.
Sec. 704. Expedited congressional action on certain
Presidential recommendations.
2.Congress finds that—
(1)unchecked global warming poses a
significant threat to—
(A)the national
security and economy of the United States;
(B)public health and
welfare in the United States;
(C)the well-being of
other countries; and
(D)the global
environment;
(2)according to the
Fourth Assessment Report of the Intergovernmental Panel on Climate Change,
global warming is unequivocal and attributable to human activities, and
evidence from all continents and most oceans shows that impacts from climate
change are already occurring;
(3)under the United
Nations Framework Convention on Climate Change, done at New York on May 9,
1992, the United States is committed to stabilizing greenhouse gas
concentrations in the atmosphere at a level that will prevent dangerous
anthropogenic interference with with climate system;
(4)according to the
Fourth Assessment Report of the Intergovernmental Panel on Climate Change,
stabilizing greenhouse gas concentrations in the atmosphere at a level that
will prevent dangerous interference with the climate system, including
preventing global mean surface temperature from increasing to more than 3.6
degrees Fahrenheit (2 degrees Celsius) above preindustrial levels, will require
a global effort to reduce anthropogenic greenhouse gas emissions worldwide by
50 to 85 percent below 2000 levels by 2050;
(5)the costs of
policies to achieve such levels of reduction are 5 to 20 times lower than the
costs of unchecked global warming, according to the Stern Review of the
Economics of Climate Change;
(6)prompt, decisive
action is critical, since global warming pollutants can persist in the
atmosphere for more than a century;
(7)the ingenuity of
the people of the United States will allow the United States to become a leader
in curbing global warming;
(8)it is possible and desirable to cap
greenhouse gas emissions, from sources that together account for the majority
of those emissions in the United States, at the 2005 level in 2012, and to
lower the cap each year between 2012 and 2050, on the condition that the system
includes—
(A)robust programs to
assist American workers and middle- and low-income consumers with the
transition to a low-carbon economy;
(B)significant
investment in energy efficiency policies and research, development,
demonstration, and deployment of zero- and low-carbon energy
technologies;
(C)cost containment
measures;
(D)measures to avoid
windfall profits to polluters;
(E)measures to
promote a strong global effort to combat climate change, including measures to
encourage major developing countries to reduce greenhouse gas emissions;
(F)programs to assist
communities in the United States and in the developing world to adapt to any
impacts of unavoidable climate change; and
(G)periodic review of
requirements and programs;
(9)Congress may need
to update the emissions caps in order to account for continuing scientific data
and steps taken, or not taken, by foreign countries;
(10)accurate emission
data and timely compliance with the requirements of the greenhouse gas emission
reduction and trading program established under this Act are needed to ensure
that reductions are achieved in a fair and efficient manner;
(11)Federal oversight
of the markets for tradable allowances and credits subject to the program, and
for derivatives thereof, is necessary to ensure transparency, fairness, and
stability in such markets; and
(12)further policies external to a
cap-and-trade program may be required, including with respect to—
(A)the transportation
sector, where reducing greenhouse gas emissions requires changes in vehicles,
fuels, and consumer behavior; and
(B)the built
environment, where reducing direct and indirect greenhouse gas emissions
requires changes in buildings, appliances, lighting, heating, cooling, and
consumer behavior.
3.The purposes of this Act are—
(1)to establish the
core of a Federal program that will reduce United States greenhouse gas
emissions substantially enough between 2008 and 2050 to avert the catastrophic
impacts of global climate change; and
(2)to accomplish that
purpose while preserving robust growth in the United States economy, creating
new jobs, and avoiding the imposition of undue hardship on United States
citizens.
4.As used in this Act:
(1)Additional;
additionalityThe terms additional
and
additionality
, except in subtitle E of title III, mean the
extent to which reductions in greenhouse gas emissions or increases in
sequestration are incremental to business-as-usual, measured as the difference
between—
(A)the baseline;
and
(B)net greenhouse gas
emissions or sequestration resulting from an offset project.
(2)The
term Administrator
means the Administrator of the Environmental
Protection Agency.
(3)The
term baseline
means the net greenhouse gas emissions or
sequestration that would have occurred in the absence of an offset
project.
(4)The term biological sequestration
means—
(A)the removal of
carbon dioxide from the atmosphere by biological means, such as by growing
plants; and
(B)the storage of
carbon from that carbon dioxide in the plants or related soils.
(5)Carbon dioxide
equivalentThe term carbon dioxide equivalent
means, for each greenhouse gas, the quantity of the greenhouse gas that the
Administrator determines, pursuant to section 703 or 704 of the Clean Air Act
(as added by section 101 of this Act), makes the same contribution to global
warming as 1 metric ton of carbon dioxide.
(6)The term
developing country
means a country eligible to receive financial
assistance from the International Bank for Reconstruction and Development
(commonly known as the World Bank).
(7)The term
emission allowance
means an authorization, established by the
Administrator under section 711(a) of the Clean Air Act (as added by section
101 of this Act), to emit 1 carbon dioxide equivalent of greenhouse gas.
(8)The term geological sequestration
means the isolation of greenhouse gases, without reversal, in geological
formations, in accordance with section 1421(d) of the Safe Drinking Water Act
(42 U.S.C. 300h(d)) (as added by section 501 of this Act), as determined by the
Administrator.
(9)The term
greenhouse gas
means any of—
(A)carbon
dioxide;
(B)methane;
(C)nitrous
oxide;
(D)sulfur
hexafluoride;
(E)a
hydrofluorocarbon;
(F)a
perfluorocarbon;
(G)nitrogen
trifluoride; or
(H)any other
anthropogenic gas designated by the Administrator as a greenhouse gas under
section 704 of the Clean Air Act (as added by section 101 of this Act).
(10)The term offset credit
means a credit
issued by the Administrator under subtitle E of title VII of the Clean Air Act
(as added by section 101 of this Act) which represents 1 carbon dioxide
equivalent of—
(A)reduction in greenhouse gas emissions that
are not covered by the requirements of section 712(a) of the Clean Air Act (as
added by section 101 of this Act); or
(B)increase in
biological sequestration.
(11)The term
offset project
means a project that reduces greenhouse gas
emissions not covered by the requirements of section 712(a) of the Clean Air
Act (as added by section 101 of this Act) or increases biological
sequestration.
(12)The
term reversal
means an intentional or unintentional release to
the atmosphere of a significant quantity, as determined by the Administrator,
of greenhouse gas that was biologically or geologically sequestered in order to
accomplish the purposes of title VII of the Clean Air Act (as added by section
101 of this Act).
(13)Sequestered and
sequestrationThe terms sequestered
and
sequestration
mean the separation, isolation, or removal of
greenhouse gases from the atmosphere, as determined by the
Administrator.
<enum>I</enum><header>CAPPING GREENHOUSE
GAS EMISSIONS</header>
<section id="H74A6436EE0E14358B0E9076EA932A21B"><enum>101.</enum><header>Amendment of
Clean Air Act</header><text display-inline="no-display-inline">The Clean Air
Act (42 U.S.C. 7401 and following) is amended by adding the following new title
at the end thereof:</text>
<quoted-block display-inline="no-display-inline" id="H4B60AA563E024A14BE1DA823E7CF3DBA" style="OLC">
<title id="H86B39C729FB34662B26B877219A403EB"><enum>VII</enum><header>GREENHOUSE GAS
EMISSIONS</header>
<section id="H5AB08723E1F246A1BB99711C5718717E"><enum>700.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="H320000A9585E41BB96F021D366CA01C6"><enum>(1)</enum><header>Additional;
additionality</header><text>The terms <quote>additional</quote> and
<quote>additionality</quote> mean the extent to which reductions in greenhouse
gas emissions or increases in sequestration are incremental to
business-as-usual, measured as the difference between—</text>
<subparagraph id="H2E70BA5F7C0D4E7880AC1C419C6CD0BC"><enum>(A)</enum><text>the baseline;
and</text>
</subparagraph><subparagraph id="HB178B1D6C0624E2B8F3FA84257E7A0E1"><enum>(B)</enum><text>net greenhouse gas
emissions or sequestration resulting from an offset project.</text>
</subparagraph></paragraph><paragraph id="HA16AC8F32F894492A26211FF72ECBF36"><enum>(2)</enum><header>Baseline</header><text>The
term <quote>baseline</quote> means the net greenhouse gas emissions or
sequestration that would have occurred in the absence of an offset
project.</text>
</paragraph><paragraph id="H69396DD519594B07BCD3C148F8D3C6B"><enum>(3)</enum><header>Biological
sequestration</header><text>The term <quote>biological sequestration</quote>
means—</text>
<subparagraph id="HCF740AAFD5164FF9AA2B527917465E90"><enum>(A)</enum><text>the removal of
carbon dioxide from the atmosphere by biological means, such as by growing
plants; and</text>
</subparagraph><subparagraph id="H696ED24460A44599AD836D720000B143"><enum>(B)</enum><text>the storage of
carbon from that carbon dioxide in the plants or related soils.</text>
</subparagraph></paragraph><paragraph id="H3179A3B76F774F15B8B9DCBE211B9061"><enum>(4)</enum><header>Carbon dioxide
equivalent</header><text>The term <quote>carbon dioxide equivalent</quote>
means, for each greenhouse gas, the quantity of the greenhouse gas that the
Administrator determines, pursuant to section 703 or 704, makes the same
contribution to global warming as 1 metric ton of carbon dioxide.</text>
</paragraph><paragraph id="H2AB0A50AE6E44DBE9934F0DA15A954C8"><enum>(5)</enum><header>Covered
entity</header><text>The term <quote>covered entity</quote> means, for each
calendar year—</text>
<subparagraph id="HD8E3E1CBF11A47818C00CA90973845BA"><enum>(A)</enum><text>a facility within
the electric power sector that contains a fossil fuel-fired electricity
generating unit or units that together emit more than 10,000 carbon dioxide
equivalents of greenhouse gas in that year;</text>
</subparagraph><subparagraph id="HFD1C9CBCFD844394985ED836B266656B"><enum>(B)</enum><text>an industrial
facility that emits more than 10,000 carbon dioxide equivalents of greenhouse
gas in that year;</text>
</subparagraph><subparagraph id="HBE38F3CEF4304ACA9866CE50874FDFC6"><enum>(C)</enum><text>a facility that
produces, or an entity that imports, in that year petroleum- or coal-based
liquid or gaseous fuel, the combustion of which will emit more than 10,000
carbon dioxide equivalents of greenhouse gas;</text>
</subparagraph><subparagraph id="HA2680FAAA36343A2A2CE57D0E462123D"><enum>(D)</enum><text>a local
distribution company that in that year delivers natural gas, the combustion of
which will emit more than 10,000 carbon dioxide equivalents of greenhouse
gas;</text>
</subparagraph><subparagraph id="H61B29EA97C274B7800136D4ED0BA0133"><enum>(E)</enum><text>a facility that
produces for sale or distribution, or an entity that imports, in that year more
than 10,000 carbon dioxide equivalents of hydrofluorocarbons, perfluorocarbons,
sulfur hexafluoride, nitrogen trifluoride, or any other fluorinated gas that is
a greenhouse gas, as designated by the Administrator under section 704, or any
combination thereof; and</text>
</subparagraph><subparagraph id="HEC74DF50DFAD417FB541D12255C17EA"><enum>(F)</enum><text>a site at which
carbon dioxide is geologically sequestered on a commercial scale.</text>
</subparagraph></paragraph><paragraph id="H24CC7C29EADD4F918568BAEE9E5727C1"><enum>(6)</enum><header>Destruction
credit</header><text>The term <quote>destruction credit</quote> means a credit
issued by the Administrator under section 712(f).</text>
</paragraph><paragraph id="HA5F0192E19FC4D5DBF1008ABF585C9D6"><enum>(7)</enum><header>Developing
country</header><text display-inline="yes-display-inline">The term
<quote>developing country</quote> means a country eligible to receive financial
assistance from the International Bank for Reconstruction and Development
(commonly known as the World Bank).</text>
</paragraph><paragraph id="HC8412BC57F6740F1000504076513F458"><enum>(8)</enum><header>Emission
allowance</header><text>The term <quote>emission allowance</quote> means an
authorization, established by the Administrator under section 711(a), to emit 1
carbon dioxide equivalent of greenhouse gas.</text>
</paragraph><paragraph id="H609E3AA1EB9342639D143045D623A9B8"><enum>(9)</enum><header>Facility</header><text display-inline="yes-display-inline">The term <quote>facility</quote> means 1 or
more buildings, structures, or installations of an entity on 1 or more
contiguous or adjacent properties located in the United States.</text>
</paragraph><paragraph id="HEE8BE522AC964CCB9BA1008F05FCA890"><enum>(10)</enum><header>Fair market
value</header><text>The term <quote>fair market value</quote> means the average
market price, during a specified time period, of an emission allowance.</text>
</paragraph><paragraph id="H8DB1169FF14C4280A741709B2DC0CE00"><enum>(11)</enum><header>Geological
sequestration; geologically sequestered</header><text>The terms
<quote>geological sequestration</quote> and <quote>geologically
sequestered</quote> mean the isolation of greenhouse gases, without reversal,
in geological formations, in accordance with section 1421(d) of the Safe
Drinking Water Act (<external-xref legal-doc="usc" parsable-cite="usc/42/300h">42 U.S.C. 300h(d)</external-xref>) (as added by section 501 of the
<short-title>Investing in Climate Action and Protection
Act</short-title>), as determined by the Administrator.</text>
</paragraph><paragraph id="H8866CD4360984F01980059E7A11611C0"><enum>(12)</enum><header>Greenhouse
gas</header><text display-inline="yes-display-inline">The term
<quote>greenhouse gas</quote> means any of—</text>
<subparagraph id="H42827120AF8842DDB6FC56B12D3FFFDA"><enum>(A)</enum><text>carbon
dioxide;</text>
</subparagraph><subparagraph id="H2DAD098CAB1841BEB7B7B7E9439CFED4"><enum>(B)</enum><text>methane;</text>
</subparagraph><subparagraph id="H4093B374536E4888B34F879D99E826DA"><enum>(C)</enum><text>nitrous
oxide;</text>
</subparagraph><subparagraph id="HCCA295235E0B41719CCA2D003629A3DC"><enum>(D)</enum><text>sulfur
hexafluoride;</text>
</subparagraph><subparagraph id="H65841421BDE4470385F3CC432400D57"><enum>(E)</enum><text>a
hydrofluorocarbon;</text>
</subparagraph><subparagraph id="H17435F7FAC014051B9875C31FBA4E84F"><enum>(F)</enum><text>a
perfluorocarbon;</text>
</subparagraph><subparagraph id="H71A3677F50C74D17834590D8F75D8517"><enum>(G)</enum><text>nitrogen
trifluoride; or</text>
</subparagraph><subparagraph id="HABC3B4E389B944ED873032BC841535DE"><enum>(H)</enum><text>any other
anthropogenic gas designated by the Administrator as a greenhouse gas under
section 704.</text>
</subparagraph></paragraph><paragraph id="H34944C88F90444C7B8907D2F31E43FDD"><enum>(13)</enum><header>Industrial
facility</header><text>The term <quote>industrial facility</quote>
means—</text>
<subparagraph id="HA5F2DD4FC90B459388B6BCCD388EA66C"><enum>(A)</enum><text>any facility in
the manufacturing sector (as defined in North American Industrial
Classification System codes 31, 32, and 33);</text>
</subparagraph><subparagraph id="HB68D693DDDB44722A7966EE33B370094"><enum>(B)</enum><text>any natural gas
processing plant; and</text>
</subparagraph><subparagraph id="H2BCB8A04052D4D8EA7A488891EEBA747"><enum>(C)</enum><text>any other facility
that produces petroleum- or coal-based liquid or gaseous fuel.</text>
</subparagraph></paragraph><paragraph id="H8859855B32D24FAEB0A327AFBE184381"><enum>(14)</enum><header>International
emission allowance</header><text>The term <quote>international emission
allowance</quote> means a tradable authorization to emit 1 carbon dioxide
equivalent of greenhouse gas that—</text>
<subparagraph id="HD909198DD0D643858257DAE8FBA093BB"><enum>(A)</enum><text>is issued by a
national or supranational foreign government pursuant to a governmental program
that imposes a mandatory absolute tonnage limit on greenhouse gas emissions
from 1 or more foreign countries, or from 1 or more economic sectors in such
country or countries, pursuant to protocols adopted in accordance with the
United Nations Framework Convention on Climate Change, done at New York on May
9, 1992; and</text>
</subparagraph><subparagraph id="H786D52013A464C7DB5B4B3872232A723"><enum>(B)</enum><text>is not in the
nature of an offset credit or allowance awarded based on the achievement of an
increase in biological sequestration or a reduction in greenhouse gas emissions
that are not subject to the mandatory absolute tonnage limits referred to in
subparagraph (A).</text>
</subparagraph></paragraph><paragraph id="HBDD3DB774F004120A52289BD02D7B715"><enum>(15)</enum><header>International
offset credit</header><text>The term <quote>international offset credit</quote>
means—</text>
<subparagraph id="H23D18661818B4D4D9090C000C68EF6DB"><enum>(A)</enum><text>a Certified
Emission Reduction credit that has been certified under the Clean Development
Mechanism of the Kyoto Protocol to the United Nations Framework Convention on
Climate Change, done at Kyoto on December 11, 1997; or</text>
</subparagraph><subparagraph id="H6344A15D8473448D9D17FB79514840DA"><enum>(B)</enum><text>an equivalent
tradable credit issued under a successor protocol to the United Nations
Framework on Climate Change, done at New York on May 9, 1992, provided
that—</text>
<clause id="H5C4FC6FEBE1D4348ACFE2619B325D46F"><enum>(i)</enum><text>the credit
represents 1 carbon dioxide equivalent of increase in biological sequestration
or reduction in greenhouse gas emissions not subject to a governmentally
mandated absolute tonnage limit; and</text>
</clause><clause id="H27D466CFFBD8431CBA24982E6B6208FB"><enum>(ii)</enum><text>such increase in
biological sequestration or reduction in greenhouse gas emissions is real,
verifiable, additional, permanent, and enforceable.</text>
</clause></subparagraph></paragraph><paragraph display-inline="no-display-inline" id="HCB9A13EBDD684EAF885F6BC34E415EE4"><enum>(16)</enum><header>International
reserve allowance</header><text>The term <quote>international reserve
allowance</quote> means an allowance (denominated in carbon dioxide
equivalents) that is established pursuant to section 765(a)(2).</text>
</paragraph><paragraph id="H49C4C6219F6F4138A0B1EF11B0F63658"><enum>(17)</enum><header>Leakage</header><text>The
term <quote>leakage</quote> means—</text>
<subparagraph id="HEC9F5FA0C23F42A8A921F79C0021E36"><enum>(A)</enum><text>a significant
unaccounted increase in greenhouse gas emissions by a facility or entity caused
by an offset project that produces an accounted reduction in greenhouse gas
emissions, as determined by the Administrator; or</text>
</subparagraph><subparagraph id="H7F2FE272E14E42F88268FB24DAD0144F"><enum>(B)</enum><text>a significant
unaccounted decrease in sequestration that is caused by an offset project that
results in an accounted increase in sequestration, as determined by the
Administrator.</text>
</subparagraph></paragraph><paragraph id="H3D5557E7497B4A85B233295654F6784B"><enum>(18)</enum><header>Local
distribution company</header><text>The term <quote>local distribution
company</quote> has the meaning given that term in section 2(17) of the Natural
Gas Policy Act of 1978 (<external-xref legal-doc="usc" parsable-cite="usc/15/3301">15 U.S.C. 3301(17)</external-xref>).</text>
</paragraph><paragraph id="HE52F5CF3C6BC477396E7A29659582962"><enum>(19)</enum><header>Natural gas
processing plant</header><text>The term <quote>natural gas processing
plant</quote> means a facility in the United States that is designed to
separate natural gas liquids from natural gas.</text>
</paragraph><paragraph id="H33C459FC2BB8492983C2F8D0D7D3DA59"><enum>(20)</enum><header>Offset
credit</header><text>The term <quote>offset credit</quote> means a credit
issued by the Administrator under subtitle E which represents 1 carbon dioxide
equivalent of—</text>
<subparagraph id="HADB8681220D94F0E9145400039C44D7D"><enum>(A)</enum><text>reduction in
greenhouse gas emissions that are not covered by the requirements of section
712(a); or</text>
</subparagraph><subparagraph id="H5F91A17B3962405993AC682FA1B015E3"><enum>(B)</enum><text>increase in
biological sequestration.</text>
</subparagraph></paragraph><paragraph id="H2E06AB8D20704C3FBF00A692124ED3FB"><enum>(21)</enum><header>Offset
project</header><text>The term <quote>offset project</quote> means a project
that reduces greenhouse gas emissions not covered by the requirements of
section 712(a) or increases biological sequestration.</text>
</paragraph><paragraph id="H8C018A20DC624D76926FD06401BDDD3B"><enum>(22)</enum><header>Project
developer</header><text>The term <quote>project developer</quote> means an
individual or entity implementing an offset project.</text>
</paragraph><paragraph display-inline="no-display-inline" id="HD9741A9EFC344FED9DEDA0639C5B789E"><enum>(23)</enum><header>Registry</header><text>The
term <quote>Registry</quote> means the Federal greenhouse gas registry
established under section 707(a).</text>
</paragraph><paragraph id="HFFD73ECDB32B486EA6EDC5B033AE6DFA"><enum>(24)</enum><header>Retire</header><text>The
term <quote>retire</quote>, with respect to an emission allowance, offset
credit, destruction credit, international emission allowance, international
offset credit, or international reserve allowance, means to disqualify such
allowance or credit for any subsequent use under this title, regardless of
whether the use is a sale, exchange, or submission of the allowance or credit
in satisfying a compliance obligation.</text>
</paragraph><paragraph id="H56AC701567B249879587C21AD017FAE"><enum>(25)</enum><header>Reversal</header><text>The
term <quote>reversal</quote> means an intentional or unintentional release to
the atmosphere of a significant quantity, as determined by the Administrator,
of greenhouse gas that was biologically or geologically sequestered in order to
accomplish the purposes of this title.</text>
</paragraph><paragraph id="HE87EA10B5E3C486AAC1B99EB967C495"><enum>(26)</enum><header>Sequestered and
sequestration</header><text>The terms <quote>sequestered</quote> and
<quote>sequestration</quote> mean the separation, isolation, or removal of
greenhouse gases from the atmosphere, as determined by the
Administrator.</text>
</paragraph></section><subtitle id="HFC143C4E573F4B12AD5B22895D5B9B84"><enum>A</enum><header>Tracking
emissions</header>
<section id="HB94E853B7F344CD68EF99B8C9E72F8EF"><enum>701.</enum><header>Purpose</header><text display-inline="no-display-inline">The purpose of this subtitle is to establish
a Federal greenhouse gas registry that—</text>
<paragraph id="HA82201553E5647F1B82FF3E3F8E372DE"><enum>(1)</enum><text>is complete,
consistent, transparent, and accurate;</text>
</paragraph><paragraph id="H27D5B9330583472C9F8EA36F3BCCA3E3"><enum>(2)</enum><text>will collect
reliable and accurate data that can be used by public and private entities to
identify sources of emissions and design efficient and effective energy
security initiatives and greenhouse gas emission reduction strategies;
and</text>
</paragraph><paragraph id="HCE7ECB73C7964A19A3107907DD02C71D"><enum>(3)</enum><text>will provide
appropriate high-quality data to be used for implementing greenhouse gas
reduction policies.</text>
</paragraph></section><section id="H4A8DC6534F894F57A00335A88FC4BBC5"><enum>702.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="HE46CC8F62EA84836A91541714E00E46E"><enum>(1)</enum><header>Affected
entity</header>
<subparagraph id="H0309CA8D8A724BD4865D0022E84C2E2E"><enum>(A)</enum><header>In
general</header><text>Except as provided in subparagraph (B), the term
<quote>affected entity</quote> means, for any calendar year—</text>
<clause id="H9D6939A650E044D0BE58C7C4E88DB371"><enum>(i)</enum><text>a
covered entity;</text>
</clause><clause id="HE188F3FABA584A16BF1C23D72EAD8667"><enum>(ii)</enum><text>another entity
that emits a greenhouse gas, as determined by the Administrator; or</text>
</clause><clause id="HB65B291BEC444EA1AC64FC294CD73ECA"><enum>(iii)</enum><text>any vehicle
fleet, with emissions of more than 10,000 carbon dioxide equivalents in that
year, if the Administrator determines that the inclusion of such fleet will
help achieve the purposes of the <short-title>Investing in
Climate Action and Protection Act</short-title>.</text>
</clause></subparagraph><subparagraph id="H84C5D01F88EA4739A8879F60A7B2D78"><enum>(B)</enum><header>Exclusions</header><text>The
term <quote>affected entity</quote> does not include any entity that—</text>
<clause id="HD413A4167637462884F9826B5B6F0315"><enum>(i)</enum><text>is
not a covered entity;</text>
</clause><clause id="HAE743A7EA2F74D3CB9E1598B0CC005F"><enum>(ii)</enum><text>is
owned or operated by a small business (as described in part 121 of title 13,
Code of Federal Regulations (or a successor regulation)); and</text>
</clause><clause id="H3B6A41CF8CDF425F8E4F91E2873BD2B5"><enum>(iii)</enum><text>emits fewer than
10,000 carbon dioxide equivalents in the year for which the definition is being
applied.</text>
</clause></subparagraph></paragraph><paragraph id="H737943FD209C44BFA7AAE56F976251CA"><enum>(2)</enum><header>Carbon
content</header><text>The term <quote>carbon content</quote> means the quantity
of carbon (in carbon dioxide equivalent) contained in a fuel.</text>
</paragraph><paragraph id="H44CF1EC251BF40418D00539D3EF98FEE"><enum>(3)</enum><header>Climate
registry</header><text>The term <quote>Climate Registry</quote> means the
greenhouse gas emissions registry jointly established and managed by more than
40 States and Indian tribes in 2007 to collect high-quality greenhouse gas
emission data from facilities, corporations, and other organizations to support
various greenhouse gas emission reporting and reduction policies for the member
States and Indian tribes.</text>
</paragraph><paragraph id="HA0ADE8F4524F43169B1629A6CD9F9800"><enum>(4)</enum><header>Feedstock fossil
fuel</header><text>The term <quote>feedstock fossil fuel</quote> means fossil
fuel used as raw material in a manufacturing process.</text>
</paragraph><paragraph id="H758DC33463D34AE5AC580061C6CD155B"><enum>(5)</enum><header>Greenhouse gas
emissions</header><text>The term <quote>greenhouse gas emissions</quote> means
emissions of a greenhouse gas, including—</text>
<subparagraph id="H9ADA5A11DBCD42D3B7A04CFE6E1C38E"><enum>(A)</enum><text>stationary
combustion source emissions emitted as a result of combustion of fuels in
stationary equipment, such as boilers, furnaces, burners, turbines, heaters,
incinerators, engines, flares, and other similar sources;</text>
</subparagraph><subparagraph id="HC6A43B5D79C44D668285F3DE83BD1C84"><enum>(B)</enum><text>process emissions
consisting of emissions from chemical or physical processes other than
combustion;</text>
</subparagraph><subparagraph id="HEC5141C9A0B64FAEA25F12F011405005"><enum>(C)</enum><text>fugitive emissions
consisting of intentional and unintentional emissions from equipment leaks,
such as joints, seals, packing, and gaskets, or from piles, pits, cooling
towers, and other similar sources; and</text>
</subparagraph><subparagraph id="HB0A5AE5ED6A44F13B096E80831B536E1"><enum>(D)</enum><text>biogenic emissions
resulting from biological processes, such as anaerobic decomposition,
nitrification, denitrification, and enteric fermentation.</text>
</subparagraph></paragraph><paragraph id="H3E702C14B0DB4A7F93E6D62C0016FBEB"><enum>(6)</enum><header>Indian
tribe</header><text>The term <quote>Indian tribe</quote> has the meaning given
the term in section 4 of the Indian Self-Determination and Education Assistance
Act (<external-xref legal-doc="usc" parsable-cite="usc/25/450b">25 U.S.C. 450b</external-xref>).</text>
</paragraph><paragraph id="HE649BC89D4AA43BFA6FB61D812CFC6A6"><enum>(7)</enum><header>Source</header><text>The
term <quote>source</quote> means any building, structure, installation, unit,
point, operation, vehicle, land area, or other item that emits or may emit a
greenhouse gas.</text>
</paragraph></section><section id="H40A5EB9E8D654E4CA72911A700B276E6"><enum>703.</enum><header>Determination
of carbon dioxide equivalent value of greenhouse gases</header>
<subsection id="H339B924ABA014472BBA45E96C9457200"><enum>(a)</enum><header>Initial
determination</header><text>Not later than 90 days after the date of enactment
of this title, the Administrator shall—</text>
<paragraph id="HD08128EB1D8D40D100245B42C17DCFF"><enum>(1)</enum><text>determine the
quantity of each greenhouse gas that makes the same contribution to global
warming as 1 metric ton of carbon dioxide; and</text>
</paragraph><paragraph id="HD0F204DA86DC488D95BA9BE127CD739"><enum>(2)</enum><text>publish such
determination in the Federal Register.</text>
</paragraph></subsection><subsection id="H65E9420469EE4E20B7E43541F3AB6C7B"><enum>(b)</enum><header>Periodic
review</header>
<paragraph id="HA7EF8192D7874EDBA78698D77C9E2C58"><enum>(1)</enum><text>Not later than
January 1, 2013, and (except as provided in paragraph (3)) not less than every
5 years thereafter, the Administrator shall—</text>
<subparagraph id="H7CA48CAB20274920B89E00AE65A8D57"><enum>(A)</enum><text>review and, if
necessary, revise the determinations made under subsection (a); and</text>
</subparagraph><subparagraph id="HA3E53B7965F24DCD0011AF5334914F50"><enum>(B)</enum><text>publish in the
Federal Register the results of that review and any revisions.</text>
</subparagraph></paragraph><paragraph id="HB91E468129E946F49906CD54B51CB800"><enum>(2)</enum><text>A revised
determination published under this subsection shall take effect on January 1 of
the calendar year immediately after the calendar year in which the
determination was revised.</text>
</paragraph><paragraph id="H4407214131234A3A95FF81D25EDF4D9"><enum>(3)</enum><text>The Administrator
may adjust the frequency of review and revision under paragraph (1) if the
Administrator determines that such adjustment is appropriate in order to
synchronize such review and revision with any similar review process carried
out pursuant to the United Nations Framework Convention on Climate Change, done
at New York on May 9, 1992, or to an agreement negotiated under that
convention, except that in no event shall the Administrator carry out such
review and revision any less frequently than every 10 years.</text>
</paragraph></subsection><subsection id="H9FFFA67C9CDE4668824E700600320637"><enum>(c)</enum><header>Methodology</header><text>In
determining the quantity of a greenhouse gas that makes the same contribution
to global warming as 1 metric ton of carbon dioxide, for purposes of this
section or section 704, the Administrator shall take into account the
guidelines established by the Intergovernmental Panel on Climate Change or a
successor organization under the United Nations.</text>
</subsection></section><section id="H2C18F1B124064A6D913FDA13EABB2818"><enum>704.</enum><header>Designation of
greenhouse gases</header>
<subsection id="HD97FBAF1AC854E1FB6C2003E723F163B"><enum>(a)</enum><header>Determination on
Administrator’s initiative</header><text>The Administrator shall—</text>
<paragraph id="H5E69015A7A0848A88EE01F29D28DFEE"><enum>(1)</enum><text>designate as a
greenhouse gas, for purposes of section 700(12) of this title and section 4(9)
of the Investing in Climate Action and Protection Act, any anthropogenic gas 1
metric ton of which makes the same or greater contribution to global warming as
1 metric ton of carbon dioxide, as determined by the Administrator; and</text>
</paragraph><paragraph id="HBC70DDB4DF44454EA8926991EB225135"><enum>(2)</enum><text>publish in the
Federal Register such designation, including the quantity of the gas that the
Administrator determines makes the same contribution to global warming as 1
metric ton of carbon dioxide.</text>
</paragraph></subsection><subsection id="HDB17EC52A0484180A38F85124FA6BB78"><enum>(b)</enum><header>Petitions To
designate a greenhouse gas</header>
<paragraph id="H5B6AEC425BB9448A9909CD604EF5FEBA"><enum>(1)</enum><header>In
general</header><text>Any person may petition the Administrator to designate as
a greenhouse gas any anthropogenic gas 1 metric ton of which makes the same or
greater contribution to global warming as 1 metric ton of carbon
dioxide.</text>
</paragraph><paragraph id="H2B324D1383394EA981D5516D436D5B67"><enum>(2)</enum><header>Availability of
data</header><text>Any such petition shall include a showing by the petitioner
that there are data on the gas adequate to support the petition.</text>
</paragraph><paragraph id="H985FC170B027454EA1DC054259391620"><enum>(3)</enum><header>Determination</header><text>Within
one year after receipt of a petition, the Administrator shall determine the
quantity of the gas that makes the same contribution to global warming as 1
metric ton of carbon dioxide and shall take one of the following
actions:</text>
<subparagraph id="H1326CF986E464BF6A4E51F689F3E334B"><enum>(A)</enum><text>If the
Administrator determines that 1 metric ton of the gas makes a contribution to
global warming that is equal to or greater than that made by 1 metric ton of
carbon dioxide, the Administrator shall grant the petition and shall take the
actions described in subsection (a).</text>
</subparagraph><subparagraph id="H3745B56965A74DB49928803C1C26B0FC"><enum>(B)</enum><text>If the
Administrator determines that 1 metric ton of the gas does not make a
contribution to global warming that is equal to or greater than that made by 1
metric ton of carbon dioxide, the Administrator shall deny the petition and
shall publish in the Federal Register a written explanation of the reasons for
the Administrator’s decision.</text>
</subparagraph></paragraph><paragraph id="HF0D16A1166884C23863C6F39D6256122"><enum>(4)</enum><header>Grounds for
denial</header><text>The Administrator may not deny a petition solely on the
basis of inadequate resources or time for review.</text>
</paragraph><paragraph id="HE4F6B8FB6AB24C00B44BD31C78FB5D15"><enum>(5)</enum><header>Acquisition of
information</header><text>If the Administrator determines that information on
the gas is not sufficient to make a determination, the Administrator shall use
any authority available to the Administrator, under any law administered by the
Administrator, to acquire such information.</text>
</paragraph></subsection><subsection id="H6E4614822B9D4BF1B11B65F09B4EF3C"><enum>(c)</enum><header>Manufacturing
notices</header>
<paragraph id="HBBE16704B2F04FBF9B5E88A447796EAA"><enum>(1)</enum><header>Notice
requirement</header><text>No person may manufacture or import into the United
States a fluorinated gas after the date of enactment of this title
unless—</text>
<subparagraph id="HD782DD9268604E93B7619D20C5CB47D6"><enum>(A)</enum><text>such gas is
already designated as a greenhouse gas for purposes of section 700(12) of this
title and section 4(9) of the <short-title>Investing in
Climate Action and Protection Act</short-title>;</text>
</subparagraph><subparagraph id="HC4EF7543FA9D486F8B9EA29005FA193"><enum>(B)</enum><text>the Administrator
has determined that 1 metric ton of such gas does not make a contribution to
global warming that is equal to or greater than that made by 1 metric ton of
carbon dioxide; or</text>
</subparagraph><subparagraph id="HC034A11C24BE4B99AD8FEF53731151E3"><enum>(C)</enum><text>such person has
submitted to the Administrator, at least 90 days before such manufacture or
import, a notice of such person’s intent to manufacture or import such gas,
including the common or trade name, the chemical identity, and the molecular
structure of the gas.</text>
</subparagraph></paragraph><paragraph id="H8666DD5008DC4670981BCDB126AF58BE"><enum>(2)</enum><header>Review and
action by the administrator</header><text>Within one year after receipt of a
notice under paragraph (1)(C), the Administrator shall determine the quantity
of the relevant gas that makes the same contribution to global warming as 1
metric ton of carbon dioxide and shall take one of the following
actions:</text>
<subparagraph id="HCC0167F137BA406E8FE87E587162257E"><enum>(A)</enum><text>If the
Administrator determines that 1 metric ton of the gas makes a contribution to
global warming that is equal to or greater than that made by 1 metric ton of
carbon dioxide, the Administrator shall take the actions described in
subsection (a).</text>
</subparagraph><subparagraph id="H322738D364DA488B9031AEEEA49BF5CE"><enum>(B)</enum><text>If the
Administrator determines that 1 metric ton of the gas does not make a
contribution to global warming that is equal to or greater than that made by 1
metric ton of carbon dioxide, the Administrator shall publish in the Federal
Register a written explanation of the reasons for the Administrator’s
decision.</text>
</subparagraph></paragraph></subsection><subsection id="H8E66AEA3185A4BB48E5FC7E3946CAF9B"><enum>(d)</enum><header>Effect of
affirmative determination</header><text>A determination published pursuant to
subsection (a), subsection (b)(3)(A), or subsection (c)(2)(A) shall—</text>
<paragraph id="H68E99AD9DDD740FCBBD7865F53EC0353"><enum>(1)</enum><text>be deemed to
constitute the initial determination for the greenhouse gas for purposes of
section 703(a); and</text>
</paragraph><paragraph id="HD6D56FE9DC58429DBA8093B4D34753F9"><enum>(2)</enum><text>take effect on
January 1 of the calendar year immediately following the calendar year in which
the determination is published.</text>
</paragraph></subsection><subsection id="H2ED1E69D6A1640A1938520FF712F9399"><enum>(e)</enum><header>Regulations</header><text>Not
later than one year after the date of enactment of this title, the
Administrator shall promulgate regulations to carry out this section.</text>
</subsection></section><section id="H17287E353C0D4EECBDE24508242429F4"><enum>705.</enum><header>Reporting
requirements</header>
<subsection id="HD4E00A59F1714FD7B8E3947BBF22F352"><enum>(a)</enum><header>In
general</header><text>Subject to this section, each affected entity shall
submit to the Administrator, for inclusion in the Registry, periodic reports,
including annual and quarterly data, that—</text>
<paragraph id="H984AD4218A8D4BBE9B6D61AB5573E00"><enum>(1)</enum><text>include—</text>
<subparagraph id="H7CB502D5CD1D49AEB5C8D606AC6C6D03"><enum>(A)</enum><text>the quantity and
type of fossil fuels, including feedstock fossil fuels, that are extracted,
produced, refined, imported, exported, or consumed by the entity; and</text>
</subparagraph><subparagraph id="H21ECBF5A39414BD18360BD24A6BA99E8"><enum>(B)</enum><text>in the case of a
local distribution company, the quantity of natural gas delivered by the local
distribution company, including a separate accounting of the quantity delivered
to entities that are not covered entities;</text>
</subparagraph></paragraph><paragraph id="H491B2716A6D0491DBE2CA09C052C5CD4"><enum>(2)</enum><text>include the
quantity of greenhouse gas generated, produced, imported, exported, or consumed
by the entity;</text>
</paragraph><paragraph id="HC16C68525BB0469BA9A71D00CDDF3837"><enum>(3)</enum><text>include the
quantity of greenhouse gas that has been captured and sequestered by the
entity;</text>
</paragraph><paragraph id="H74259304FD4D43B1A720A600615C0034"><enum>(4)</enum><text display-inline="yes-display-inline">include the quantity of electricity
generated or exported by the entity, and information on the quantity of
greenhouse gases emitted when the electricity was generated, as determined by
the methodology published by the Administrator under section 706(a)(3);</text>
</paragraph><paragraph id="HC059269E18DC4763BA1DD503095FF2BF"><enum>(5)</enum><text>include the
quantity of electricity imported or consumed by the entity, and information on
the quantity of greenhouse gases emitted when the imported or consumed
electricity was generated, as determined by the methodology published by the
Administrator under section 706(a)(3);</text>
</paragraph><paragraph id="H9315DEC520EE40B58E6CBF9D7EF08900"><enum>(6)</enum><text>include the
aggregate quantity of all greenhouse gas emissions from sources at the
entity;</text>
</paragraph><paragraph id="HC779CCB245F348028B0075EFEEDD6D3"><enum>(7)</enum><text>include greenhouse
gas emissions expressed in metric tons of each greenhouse gas emitted and in
the quantity of carbon dioxide equivalents of each greenhouse gas
emitted;</text>
</paragraph><paragraph id="H31DA8C030242459F8871872D44C3246F"><enum>(8)</enum><text>include a list and
description of sources of greenhouse gas emissions at the entity;</text>
</paragraph><paragraph id="HB00B5CD0EBA34C58AF000756FABD9BA"><enum>(9)</enum><text>include information
about the entity, as determined by the Administrator, which shall include
corporate ownership of the entity;</text>
</paragraph><paragraph id="H6F67B5798A99411D917D6B87F3220332"><enum>(10)</enum><text>quantify
greenhouse gas emissions in accordance with the measurement standards
established under section 706;</text>
</paragraph><paragraph id="HB686B1BA057B41489BA5002D67B4B8D2"><enum>(11)</enum><text>include other
data necessary for accurate and complete accounting of greenhouse gas
emissions, as determined by the Administrator;</text>
</paragraph><paragraph id="H3D1FEB46A0E3498CB29992E71F7EEC9F"><enum>(12)</enum><text>include an
appropriate certification regarding the accuracy and completeness of reported
data, as determined by the Administrator; and</text>
</paragraph><paragraph id="HAAFACB2A5B814326BCFA44A35F48EBF0"><enum>(13)</enum><text>are submitted
electronically to the Administrator, in such form and to such extent as may be
required by the Administrator.</text>
</paragraph></subsection><subsection id="H12C50AEE3DA2497CB343E57C9434ADB3"><enum>(b)</enum><header>De minimis
exemptions</header>
<paragraph id="HAD65ECC2B7D1491AB8C29765A4EB9C2"><enum>(1)</enum><header>In
general</header><text>The Administrator may determine—</text>
<subparagraph id="HAAD5077A1A1149C3BD1559F860B936AD"><enum>(A)</enum><text>whether certain
sources at an affected entity should be considered to be eligible for a de
minimis exemption from a requirement for reporting under subsection (a);
and</text>
</subparagraph><subparagraph id="H14FBF3D1196843D699009231B89393AB"><enum>(B)</enum><text>the level of
greenhouse gases emitted from a source that would qualify for such an
exemption.</text>
</subparagraph></paragraph><paragraph id="H95A17C76BE7A42C89F4000CF8260EE87"><enum>(2)</enum><header>Factors</header><text>In
making a determination under paragraph (1), the Administrator shall consider
the availability and suitability of simplified techniques and tools for
quantifying emissions and the cost to measure those emissions relative to the
purposes of this title, including the goal of collecting complete and
consistent entity-wide data.</text>
</paragraph></subsection><subsection id="H2BFA5CB20B1A4DDABCC5E61FC59996DE"><enum>(c)</enum><header>Verification of
report required</header><text>Before including the information from a report
required under this section in the Registry, the Administrator shall verify the
completeness and accuracy of the report using information provided under this
section, obtained under section 114 or 307(a), or obtained under other
provisions of law.</text>
</subsection><subsection id="H79922265CA814530AABBB3D43B39E09D"><enum>(d)</enum><header>Timing</header>
<paragraph id="HE88E0BACD70B4096B43B298E03FBD767"><enum>(1)</enum><header>Calendar years
2007 through 2010</header><text display-inline="yes-display-inline">For a base
period of calendar years 2007 through 2010, each affected entity shall submit
required annual data described in this section to the Administrator not later
than March 31, 2011. The Administrator may waive reporting requirements for
calendar years 2007 through 2010 for an affected entity if the Administrator
determines that the affected entity did not keep data or records necessary to
meet reporting requirements.</text>
</paragraph><paragraph id="H8568E1872A574D7BBD8B51D7E6001767"><enum>(2)</enum><header>Subsequent
calendar years</header><text>For calendar year 2011 and each subsequent
calendar year, each affected entity shall submit quarterly data described in
this section to the Administrator not later than 60 days after the end of the
applicable quarter.</text>
</paragraph></subsection><subsection id="H6C607FE57CA14BA9919C7412FA47DC2"><enum>(e)</enum><header>No effect on
other requirements</header><text>Nothing in this subtitle affects any
requirement in effect as of the date of enactment of this title relating to the
reporting of—</text>
<paragraph id="H62872C52C7F745C48C151795C56FA816"><enum>(1)</enum><text>fossil fuel
production, refining, importation, exportation, or consumption data;</text>
</paragraph><paragraph id="HD0CDEEE956D343AC899F54D84482C11D"><enum>(2)</enum><text>greenhouse gas
emission data; or</text>
</paragraph><paragraph id="HAC4693EADE6D48FFB4302C43A8F300BF"><enum>(3)</enum><text>other relevant
data.</text>
</paragraph></subsection></section><section id="HBC11F8DE8C3541D4B67514EEB8FC9313"><enum>706.</enum><header>Data quality
and verification</header>
<subsection id="H1365632283F2479D9071AB42F866AE55"><enum>(a)</enum><header>Protocols and
methods</header>
<paragraph id="H83427BD6D15746BA92996662FAD0E2D6"><enum>(1)</enum><header>In
general</header><text>The Administrator shall establish by regulation, taking
into account the work done by the Climate Registry, comprehensive protocols and
methods to ensure the accuracy, completeness, consistency, and transparency of
data on greenhouse gas emissions and fossil fuel production, refining,
importation, exportation, and consumption submitted to the Registry that
include—</text>
<subparagraph id="HCD55B339F23A44E2AA515D06B7283192"><enum>(A)</enum><text>accounting and
reporting standards for fossil fuel production, refining, importation,
exportation, and consumption;</text>
</subparagraph><subparagraph id="H76960C5FA5274F2D9914D00011D1532"><enum>(B)</enum><text>a requirement that,
where technically and economically feasible, submitted data are monitored using
monitoring systems for fuel flow or emissions, such as continuous emission
monitoring systems or equivalent systems of similar rigor, accuracy, quality,
and timeliness;</text>
</subparagraph><subparagraph id="H57C621E6083544BEB4C7B0BE066E1984"><enum>(C)</enum><text>a requirement
that, if an affected entity has already been directed to monitor emissions of a
greenhouse gas using a continuous emission monitoring system under existing
law, that system be used in complying with this title with respect to the
greenhouse gas;</text>
</subparagraph><subparagraph id="H4BD41B97BC224A608DF1004518F0CC6D"><enum>(D)</enum><text>for cases in which
the Administrator determines that monitoring emissions with the precision,
reliability, accessibility, and timeliness similar to that provided by a
continuous emission monitoring system is not technologically or economically
feasible, standardized methods for calculating greenhouse gas emissions in
specific industries using other readily available and reliable information,
such as fuel consumption, materials consumption, production, or other relevant
activity data, on the condition that those methods do not underreport
emissions, as compared with the continuous emission monitoring system;</text>
</subparagraph><subparagraph id="HC8C832D5711F4A348EAF7C35DD8520AD"><enum>(E)</enum><text>information on the
accuracy of measurement and calculation methods;</text>
</subparagraph><subparagraph id="H27762374A7FB4E1AAADA7BB35176C978"><enum>(F)</enum><text>methods to avoid
double-counting of greenhouse gas emissions;</text>
</subparagraph><subparagraph id="H51D49227B06943EEA39200E4C0E63BA4"><enum>(G)</enum><text>protocols to
prevent an affected entity from avoiding the reporting requirements of this
subtitle (such as by reorganizing into multiple entities or outsourcing
activities that result in greenhouse gas emissions); and</text>
</subparagraph><subparagraph id="H6EDA3109638143F5B8FA679243A3A4B"><enum>(H)</enum><text>protocols for
verification of data submitted by affected entities.</text>
</subparagraph></paragraph><paragraph id="HEE06EE17F7F042F9999EAB854C914D80"><enum>(2)</enum><header>Best
practices</header><text>The protocols and methods developed under paragraph (1)
shall incorporate and conform to the best practices from the most recent
Federal, State, and international protocols for the measurement, accounting,
reporting, and verification of greenhouse gas emissions to ensure the accuracy,
completeness, and consistency of the data.</text>
</paragraph><paragraph display-inline="no-display-inline" id="H59FEBCDE80114BB58465E00F5B346E4"><enum>(3)</enum><header>Electricity
generation emissions</header><text display-inline="yes-display-inline">The
Administrator shall establish and publish in the Federal Register a methodology
for calculating the greenhouse gas emissions from the generation of
electricity, taking into account the location of the entity and any regional
variations in fuels used for electric power generation.</text>
</paragraph></subsection><subsection id="H4E7C7149146D40CC98BAC62D6247732D"><enum>(b)</enum><header>Verification;
information by reporting entities</header><text>Each affected entity
shall—</text>
<paragraph id="HAD43FD2C230F4157997950C8CFDDFE8"><enum>(1)</enum><text>provide information
sufficient for the Administrator to verify, in accordance with the protocols
and methods developed under subsection (a), that the fossil fuel data and
greenhouse gas emission data of the affected entity have been completely and
accurately reported; and</text>
</paragraph><paragraph id="HB68A7F0489514D7997E943CBFFCFDFF"><enum>(2)</enum><text>ensure the
submission or retention, for the 5-year period beginning on the date of
provision of the information, of—</text>
<subparagraph id="H826C1406970B4255A511E9800017DE44"><enum>(A)</enum><text>data
sources;</text>
</subparagraph><subparagraph id="H19245493D5C6460A81C809DEB3343936"><enum>(B)</enum><text>information on
internal control activities;</text>
</subparagraph><subparagraph id="H3B8AF9306FB945C5ABB6EA45FCF1104"><enum>(C)</enum><text>information on
assumptions used in reporting emissions and fuels;</text>
</subparagraph><subparagraph id="H5DE98B12CF3149B2A57022DB25A85847"><enum>(D)</enum><text>uncertainty
analyses; and</text>
</subparagraph><subparagraph id="H466627BDC2BB412DBBB12ED802A60181"><enum>(E)</enum><text>other relevant
data and information to facilitate the verification of reports submitted to the
Registry.</text>
</subparagraph></paragraph></subsection><subsection id="H0B9269E6CCEF46C592106E895EE25500"><enum>(c)</enum><header>Waiver of
reporting requirements</header><text>The Administrator may waive reporting
requirements for specific entities if the Administrator determines that
sufficient and equally or more reliable data are available under other
provisions of law.</text>
</subsection><subsection id="HF12AE036BE9949D39B969115DEDE3CAA"><enum>(d)</enum><header>Missing
data</header><text>If information, satisfactory to the Administrator, is not
provided for an affected entity, the Administrator shall—</text>
<paragraph id="H17BD845B59DC47C199C278A7DEDCCFA"><enum>(1)</enum><text>prescribe methods
to estimate emissions for the entity for each period for which data are
missing, reflecting the highest emission levels that may reasonably have
occurred during the period for which data are missing; and</text>
</paragraph><paragraph id="H76917A53FE1042DAB0DD3F9F3F8586C3"><enum>(2)</enum><text>take appropriate
enforcement action pursuant to this section and section 113.</text>
</paragraph></subsection></section><section id="HCB37300D2E654043AB2C6BD446FB004C"><enum>707.</enum><header>Federal
greenhouse gas registry</header>
<subsection id="H806CA35B66E14738B869FF3EB0D81C3C"><enum>(a)</enum><header>Establishment</header><text>The
Administrator shall establish a Federal greenhouse gas registry.</text>
</subsection><subsection id="H319E686B6260495E87001736C3185074"><enum>(b)</enum><header>Administration</header><text>In
establishing the Registry, the Administrator shall—</text>
<paragraph id="H072FDE1E2792470E91008B3FE20571CB"><enum>(1)</enum><text>design and operate
the Registry;</text>
</paragraph><paragraph id="H72D25ABCEAE3470CAB422BE145F57B"><enum>(2)</enum><text>provide coordination
and technical assistance for the development of proposed protocols and methods,
taking into account the duties carried out by the Climate Registry, to be
published by the Administrator;</text>
</paragraph><paragraph id="H304BC7E7887949B88EAE79782B9CFAA9"><enum>(3)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="H4E19DB45B5E0437EB19C188F9BDA3769"><enum>(A)</enum><text>develop an electronic
format for reporting under guidelines established under section 706(a)(1);
and</text>
</subparagraph><subparagraph id="HA147BEE9AC364948A95F827CAE153226" indent="up1"><enum>(B)</enum><text>make the electronic format available
to reporting entities;</text>
</subparagraph></paragraph><paragraph id="H57C794ACDC4143D8B571747BED56D7F5"><enum>(4)</enum><text>verify and audit
the data submitted by affected entities;</text>
</paragraph><paragraph id="H907A43462B6544C0BE1303FB05BF90AF"><enum>(5)</enum><text>establish
consistent policies for calculating carbon content and greenhouse gas emissions
for each type of fossil fuel reported under section 705;</text>
</paragraph><paragraph id="HF8A3FEBC38724520AEE97E0335B526E8"><enum>(6)</enum><text>calculate carbon
content and greenhouse gas emissions associated with the combustion of fossil
fuel data reported by affected entities; and</text>
</paragraph><paragraph id="H2CDF5DE6BBA649778F61B52F3828C1F2"><enum>(7)</enum><text>promptly publish
on the Internet all information contained in the Registry, except in any case
in which publishing the information would result in a disclosure of—</text>
<subparagraph id="H69E7797E7A2A43AA8474F09FB006CA1"><enum>(A)</enum><text>information vital
to national security, as determined by the President; or</text>
</subparagraph><subparagraph id="H58A83989E6B34A3CACF91CC01C042631"><enum>(B)</enum><text>confidential
business information that cannot be derived from information that is otherwise
publicly available and that would cause significant calculable competitive harm
if published (except that information on total greenhouse gas emissions shall
not be considered to be confidential business information).</text>
</subparagraph></paragraph></subsection><subsection id="H0E9EC359DF1E47CEB4E46ECEEB80C6FC"><enum>(c)</enum><header>Third-party
verification</header><text>The Administrator may use the services of third
parties that have no conflicts of interest to verify reports required under
section 705.</text>
</subsection><subsection id="H79DAB499A8B549A1A406A23D4209DD4C"><enum>(d)</enum><header>Regulations</header><text>Not
later than December 31, 2009, the Administrator shall promulgate final
regulations to carry out this section.</text>
</subsection></section></subtitle><subtitle id="HAF65F3A7B35744ED9428B0C2C09F00E6"><enum>B</enum><header>Reducing
Emissions</header>
<section id="H42DC9B62D2FF43778DCBA72D6190C28F"><enum>711.</enum><header>Emission
allowance account</header>
<subsection id="H22B9F29D31EF485B82078E12C452571"><enum>(a)</enum><header>In
general</header><text>The Administrator shall establish a separate quantity of
emission allowances for each of calendar years 2012 through 2050, in accordance
with subsection (d).</text>
</subsection><subsection id="HF4E33EF4C6EB49150073C92E63595E00"><enum>(b)</enum><header>Identification
numbers</header><text>The Administrator shall assign to each emission allowance
established under subsection (a) a unique identification number that includes
the calendar year for which that emission allowance was established.</text>
</subsection><subsection id="H1CEFB7DAD9D24AE6B3ED1C9820AF00F7"><enum>(c)</enum><header>Legal status of
emission allowances</header>
<paragraph id="HCCA591ECC3354D9EB46F4655A7B1A95"><enum>(1)</enum><header>In
general</header><text>An emission allowance does not constitute a property
right.</text>
</paragraph><paragraph id="HA5BF23E7B92748DA939158F73752B9F2"><enum>(2)</enum><header>Termination or
limitation</header><text>Nothing in this Act or any other provision of law
shall be construed to limit or alter the authority of the United States to
terminate or limit an emission allowance.</text>
</paragraph><paragraph id="H2BF216BAEA694FFC8600E9F37659AC5F"><enum>(3)</enum><header>Other provisions
unaffected</header><text>Nothing in this Act relating to emission allowances
shall affect the application of, or the responsibility for compliance with, any
other provision of law to or of a covered entity.</text>
</paragraph></subsection><subsection id="H4638E6D925A84AFCB375D3006D4DD190"><enum>(d)</enum><header>Allowances for
each calendar year</header><text>The numbers of emission allowances established
by the Administrator under subsection (a) for each of calendar years 2012
through 2050 shall be as follows:</text>
<table align-to-level="section" blank-lines-before="1" colsep="1" frame="all" line-rules="all-gen" rowsep="1" rule-weights="4.4.4.4.4.0" subformat="S6211" table-template-name="Generic: 2 text, 1st shorter" table-type="">
<tgroup cols="2" grid-typeface="1.1" no-carding="1" rowsep="1" thead-tbody-ldg-size="10.10.12"><colspec align="center" coldef="txt-no-ldr" colname="column1" colwidth="108pts" min-data-value="100"></colspec><colspec align="center" coldef="txt-no-ldr" colname="column2" colwidth="217pts" min-data-value="200"></colspec>
<thead>
<row><entry align="center" colname="column1" morerows="0" namest="column1">Calendar year</entry><entry align="center" colname="column2" morerows="0" namest="column2">Number of emission allowances (in
millions)</entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2012</entry><entry align="left" colname="column2" leader-modify="clr-ldr">6,098</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2013</entry><entry align="left" colname="column2" leader-modify="clr-ldr">5,946</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2014</entry><entry align="left" colname="column2" leader-modify="clr-ldr">5,794</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2015</entry><entry align="left" colname="column2" leader-modify="clr-ldr">5,642</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2016</entry><entry align="left" colname="column2" leader-modify="clr-ldr">5,490</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2017</entry><entry align="left" colname="column2" leader-modify="clr-ldr">5,338</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2018</entry><entry align="left" colname="column2" leader-modify="clr-ldr">5,186</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2019</entry><entry align="left" colname="column2" leader-modify="clr-ldr">5,034</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2020</entry><entry align="left" colname="column2" leader-modify="clr-ldr">4,983</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2021</entry><entry align="left" colname="column2" leader-modify="clr-ldr">4,848</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2022</entry><entry align="left" colname="column2" leader-modify="clr-ldr">4,713</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2023</entry><entry align="left" colname="column2" leader-modify="clr-ldr">4,578</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2024</entry><entry align="left" colname="column2" leader-modify="clr-ldr">4,443</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2025</entry><entry align="left" colname="column2" leader-modify="clr-ldr">4,308</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2026</entry><entry align="left" colname="column2" leader-modify="clr-ldr">4,173</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2027</entry><entry align="left" colname="column2" leader-modify="clr-ldr">4,038</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2028</entry><entry align="left" colname="column2" leader-modify="clr-ldr">3,903</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2029</entry><entry align="left" colname="column2" leader-modify="clr-ldr">3,768</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2030</entry><entry align="left" colname="column2" leader-modify="clr-ldr">3,633</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2031</entry><entry align="left" colname="column2" leader-modify="clr-ldr">3,498</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2032</entry><entry align="left" colname="column2" leader-modify="clr-ldr">3,363</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2033</entry><entry align="left" colname="column2" leader-modify="clr-ldr">3,228</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2034</entry><entry align="left" colname="column2" leader-modify="clr-ldr">3,093</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2035</entry><entry align="left" colname="column2" leader-modify="clr-ldr">2,958</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2036</entry><entry align="left" colname="column2" leader-modify="clr-ldr">2,823</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2037</entry><entry align="left" colname="column2" leader-modify="clr-ldr">2,688</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2038</entry><entry align="left" colname="column2" leader-modify="clr-ldr">2,553</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2039</entry><entry align="left" colname="column2" leader-modify="clr-ldr">2,418</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2040</entry><entry align="left" colname="column2" leader-modify="clr-ldr">2,283</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2041</entry><entry align="left" colname="column2" leader-modify="clr-ldr">2,148</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2042</entry><entry align="left" colname="column2" leader-modify="clr-ldr">2,013</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2043</entry><entry align="left" colname="column2" leader-modify="clr-ldr">1,878</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2044</entry><entry align="left" colname="column2" leader-modify="clr-ldr">1,743</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2045</entry><entry align="left" colname="column2" leader-modify="clr-ldr">1,608</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2046</entry><entry align="left" colname="column2" leader-modify="clr-ldr">1,473</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2047</entry><entry align="left" colname="column2" leader-modify="clr-ldr">1,338</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2048</entry><entry align="left" colname="column2" leader-modify="clr-ldr">1,203</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2049</entry><entry align="left" colname="column2" leader-modify="clr-ldr">1,068</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2050</entry><entry align="left" colname="column2" leader-modify="clr-ldr">930</entry>
</row>
</tbody>
</tgroup>
</table>
</subsection></section><section id="H2B8B963CFCC74015B600E0F8CB2E004F"><enum>712.</enum><header>Compliance
obligation</header>
<subsection id="HCCE9C20F76A94AC98E4C30DD289F2950"><enum>(a)</enum><header>In
general</header><text>Not later than 90 days after the end of each of calendar
years 2012 through 2050, the owner or operator of a covered entity shall submit
to the Administrator a quantity of emission allowances calculated as
follows:</text>
<paragraph id="H267A5780E9BB4070AC20F6A9D00B53E"><enum>(1)</enum><text>For a covered
entity that is a facility within the electric power sector, 1 emission
allowance for each carbon dioxide equivalent of greenhouse gas that such
facility emitted in the calendar year, excluding—</text>
<subparagraph id="H0B883B9B1A8142E5A4CB89084847B11D"><enum>(A)</enum><text>emissions
resulting from the use at that facility of petroleum- or coal-based liquid or
gaseous fuel (other than petroleum coke); and</text>
</subparagraph><subparagraph id="H7C6D4FA9D956426887001C9B1BDFB06F"><enum>(B)</enum><text>any greenhouse gas
that is captured and geologically sequestered.</text>
</subparagraph></paragraph><paragraph id="H6470C47FA4ED484B846FAA32813026EC"><enum>(2)</enum><text>For a covered
entity that is an industrial facility, 1 emission allowance for each carbon
dioxide equivalent of greenhouse gas that such facility emitted in the calendar
year, excluding—</text>
<subparagraph id="HFF3A6F399C514DE083BB13C2D0CFA74F"><enum>(A)</enum><text>emissions
resulting from the use at that facility of petroleum- or coal-based liquid or
gaseous fuel (other than petroleum coke);</text>
</subparagraph><subparagraph id="H5B5140919B96424386BD848EFFDBCDE"><enum>(B)</enum><text display-inline="yes-display-inline">emissions resulting from the use of
hydrofluorocarbons, perfluorocarbons, sulfur hexafluoride, nitrogen
trifluoride, or any other fluorinated gas that is a greenhouse gas, as
designated by the Administrator under section 704, purchased for use at that
facility; and</text>
</subparagraph><subparagraph id="H35577C99AC7F4C45A9689734AB429D67"><enum>(C)</enum><text>any greenhouse gas
that is captured and geologically sequestered.</text>
</subparagraph></paragraph><paragraph id="H787F4636DEEF41BE80370023268006E7"><enum>(3)</enum><text>For a covered
entity that produced or imported petroleum- or coal-based liquid or gaseous
fuel (other than petroleum coke), 1 emission allowance for each carbon dioxide
equivalent of greenhouse gas that will be emitted from the combustion of any
such fuel produced for use in the United States or imported during the calendar
year, assuming no capture or sequestration of any greenhouse gas
emissions.</text>
</paragraph><paragraph id="H14335E97AE704AEC9829BE98C5309118"><enum>(4)</enum><text>For a covered
entity that is a local distribution company, 1 emission allowance for each
carbon dioxide equivalent of greenhouse gas that will be emitted from the
combustion of the natural gas such entity delivered during the calendar year,
assuming no capture or sequestration of that greenhouse gas, and excluding any
natural gas that is delivered to a covered entity that is a facility described
in paragraph (1) or (2).</text>
</paragraph><paragraph id="H70569587A27E4FA4A80025D5F44421E7"><enum>(5)</enum><text>For a covered
entity that produced for sale or distribution, or imported, hydrofluorocarbons,
perfluorocarbons, sulfur hexafluoride, nitrogen trifluoride, or any other
fluorinated gas that is a greenhouse gas, as designated by the Administrator
under section 704, 1 emission allowance for each carbon dioxide equivalent of
such greenhouse gas produced for sale or distribution in the United States, or
imported, during the calendar year, except that this paragraph shall not apply
to hydrofluorocarbons produced or imported for sale or distribution during
calendar years 2012 through 2019.</text>
</paragraph><paragraph id="HA2A2C5A6D1B649ADB1AECC8C1C47ED"><enum>(6)</enum><text>For a covered entity
that is a geological sequestration site, 1 emission allowance for each carbon
dioxide equivalent of greenhouse gas that such site emitted in the calendar
year.</text>
</paragraph><paragraph id="H737E082076A24DA8A1667FE2F500ED79"><enum>(7)</enum><text>A covered entity
to which more than 1 of paragraphs (1) through (6) apply shall submit emission
allowances in compliance with all applicable paragraphs, except that a covered
entity shall not be required to submit more than 1 emission allowance for the
same emissions.</text>
</paragraph></subsection><subsection id="H20FBA4D324664487A29047C05DD004E9"><enum>(b)</enum><header>Notice
requirement for covered entities receiving natural gas from local distribution
companies</header><text>The owner or operator of a covered entity that is an
industrial facility and that takes delivery of natural gas from a local
distribution company shall, not later than September 1 of each calendar year,
notify such local distribution company in writing that such industrial facility
will qualify as a covered entity under this title for that calendar
year.</text>
</subsection><subsection id="HF0C6DAE84C9B4CB68BBFBCE7BFC4FB"><enum>(c)</enum><header>Alternative
compliance</header><text>A covered entity may—</text>
<paragraph id="HB75F436694A841A7A815ECA5CFB9147B"><enum>(1)</enum><text>satisfy up to 15
percent of its compliance obligations under subsection (a) by submitting in
lieu of an emission allowance an offset credit issued pursuant to subtitle
E;</text>
</paragraph><paragraph id="H60B545E43E90411DACE6F26CF8815919"><enum>(2)</enum><text>satisfy up to 15
percent of its compliance obligations under subsection (a) by submitting in
lieu of an emission allowance an international emission allowance or an
international offset credit approved by the Administrator under subtitle
F;</text>
</paragraph><paragraph id="H25BEA7741B9F4626A7CC1DC152DEA947"><enum>(3)</enum><text>submit in lieu of
an emission allowance a destruction credit obtained under subsection (f) of
this section.</text>
</paragraph></subsection><subsection id="HF8DCFB5A3E50421395F0C3BD8F43E4DD"><enum>(d)</enum><header>Retirement of
allowances and credits</header><text display-inline="yes-display-inline">Immediately upon receipt of an emission
allowance, offset credit, or destruction credit under subsection (a), the
Administrator shall retire the emission allowance, offset credit, or
destruction credit. Treatment of international emission allowances and
international offset credits submitted under this section shall be governed by
section 753.</text>
</subsection><subsection id="H7AB071DA774D4B269853A6AE224E39D"><enum>(e)</enum><header>Determination of
compliance</header><text>Not later than July 1 of each year, the Administrator
shall determine whether the owners and operators of all covered entities are in
full compliance with subsection (a) for the preceding year.</text>
</subsection><subsection id="H3D42782C38CA49228409644F3B38AAD2"><enum>(f)</enum><header>Destruction
credit</header><text>If the Administrator determines that an entity has, during
any of calendar years 2012 through 2050, converted a greenhouse gas other than
methane by thermal, chemical, or other means to another gas with a low- or
zero-global warming potential, the Administrator shall establish and distribute
to that entity a quantity of destruction credits that is equal to the number of
carbon dioxide equivalents of reduction in global warming potential achieved
through such conversion.</text>
</subsection></section><section id="H3726FBC619F747C298C3CDF46B54A171"><enum>713.</enum><header>Penalty for
noncompliance</header>
<subsection id="HB39DAD91896C403F921539C325BB4711"><enum>(a)</enum><header>Excess emissions
penalty</header>
<paragraph id="H5C1C3239B7764A49BBEC44E6CE628842"><enum>(1)</enum><header>In
general</header><text>The owner or operator of any covered entity that fails
for any year to submit to the Administrator by the deadline described in
section 712(a) or 733(c), 1 or more of the emission allowances due pursuant to
either of those sections shall be liable for the payment to the Administrator
of an excess emissions penalty.</text>
</paragraph><paragraph id="H5060B320F0994FBFB7EAF0983DC1EEF6"><enum>(2)</enum><header>Amount</header><text>The
amount of an excess emissions penalty required to be paid under paragraph (1)
shall be an amount equal to the product obtained by multiplying—</text>
<subparagraph id="H9AB484CF54354E6BBDFBDDC3B19474B"><enum>(A)</enum><text>the number of
emission allowances that the owner or operator failed to submit; and</text>
</subparagraph><subparagraph id="HA3AEC9C498784BEE88E8B41521C9FEC4"><enum>(B)</enum><text>the greater
of—</text>
<clause id="H8EEE6EAA7D3B43549F7812751622E352"><enum>(i)</enum><text>$200; or</text>
</clause><clause id="H34CBD52ADE5A4C1AA77C401B71F8444B"><enum>(ii)</enum><text>3
times the fair market value of an emission allowance during the calendar year
for which the emission allowances were due.</text>
</clause></subparagraph></paragraph><paragraph id="HA5013EF898444F0E9105AAA67F3CD6DF"><enum>(3)</enum><header>Timing</header><text>An
excess emissions penalty required under this subsection shall be immediately
due and payable to the Administrator, without demand, in accordance with such
regulations as shall be promulgated by the Administrator by the date that is 1
year after the date of enactment of this title.</text>
</paragraph><paragraph id="H54508C2048A9410FAF67CE7700519E2E"><enum>(4)</enum><header>Deposit</header><text>The
Administrator shall deposit each excess emissions penalty paid under this
subsection in the Treasury of the United States.</text>
</paragraph><paragraph id="H5073579087844100BE583608127B445C"><enum>(5)</enum><header>No effect on
liability</header><text>An excess emissions penalty due and payable by the
owner or operator of a covered entity under this subsection shall not diminish
the liability of the owner or operator for any fine, penalty, or assessment
against the owner or operator for the same violation under any other provision
of this Act or any other law.</text>
</paragraph></subsection><subsection id="H12B1037CFBED44C200EDEEB387FF0803"><enum>(b)</enum><header>Excess emission
allowance</header><text>The owner or operator of a covered entity that fails
for any year to submit to the Administrator, by the deadline described in
section 712(a) or 733(c), 1 or more of the emission allowances due pursuant to
either of those sections shall be liable to offset the excess emissions by an
equal quantity of emission allowances during—</text>
<paragraph id="H39C3291A6C4F48429D00BDEF1CAD5655"><enum>(1)</enum><text>the following
calendar year; or</text>
</paragraph><paragraph id="H417006D187B243628B26B9D0CA00735E"><enum>(2)</enum><text>such longer period
as the Administrator may prescribe.</text>
</paragraph></subsection></section></subtitle><subtitle id="H687A959AB65A47828F15DE5EA1F5A100"><enum>C</enum><header>Distribution of
Allowances</header>
<section id="H55B790C8448440AA9DE4D428A3142356"><enum>721.</enum><header>Auctions</header>
<subsection id="H3515F06A97F440C20052BF18EF74D5BA"><enum>(a)</enum><header>In
general</header><text>The Administrator shall, pursuant to regulations
promulgated under this section, auction all emission allowances established
under section 711, except as provided in section 723.</text>
</subsection><subsection id="HEACE8FB9F9F543A486E47CD9C6BD8FD"><enum>(b)</enum><header>Initial
regulations</header><text>Not later than 180 days after the date of enactment
of this title, the Administrator shall promulgate regulations governing the
auction of allowances under this section. Such regulations shall include the
following requirements:</text>
<paragraph id="H282A9EE70F014A94AADF0063E5E133A4"><enum>(1)</enum><header>Frequency; first
auction</header><text>Auctions shall be held four times per year at regular
intervals, with the first auction to be held no later than March 31,
2010.</text>
</paragraph><paragraph id="HFF3F293AE1EF40508CF4D41D8D22FD76"><enum>(2)</enum><header>Auction
schedule; current and future vintages</header><text>The Administrator shall, at
each quarterly auction, offer for sale both a portion of the allowances with
the same vintage as the year in which the auction is being conducted and a
portion of the allowances with vintages from future years. The preceding
sentence shall not apply to auctions held in 2010 and 2011, during which, by
necessity, the Administrator shall auction only allowances with a vintage year
that is later than the year in which the auction is held. Beginning with the
first auction and at each quarterly auction held thereafter, the Administrator
may offer for sale allowances with vintages of up to four years in advance of
the year in which the auction is being conducted.</text>
</paragraph><paragraph id="HDEA2976EF7E64F4C94BB9B46D6E638BB"><enum>(3)</enum><header>Auction
format</header><text>Auctions shall follow a single-round, sealed-bid, uniform
price format.</text>
</paragraph><paragraph id="HCBE9AA24975741099736458C02CB91EA"><enum>(4)</enum><header>Participation;
financial assurance</header><text>Auctions shall be open to any person, except
that the Administrator may establish financial assurance requirements to ensure
that auction participants can and will perform on their bids.</text>
</paragraph><paragraph id="H7915579938C44FF19E6B8417A028B9EE"><enum>(5)</enum><header>Disclosure of
beneficial ownership</header><text>Each bidder in the auction shall be required
to disclose the person or entity sponsoring or benefitting from the bidder’s
participation in the auction if such person or entity is, in whole or in part,
other than the bidder or the bidder’s employer.</text>
</paragraph><paragraph id="H10CEA9EC40274D4483057CC542FE9374"><enum>(6)</enum><header>Bidding
limits</header><text>No person may, directly or in concert with another
participant, purchase more than 33 percent of the allowances offered for sale
at any quarterly auction.</text>
</paragraph><paragraph id="H380ED48398FF45398BE593975DBFE623"><enum>(7)</enum><header>Publication of
information</header><text>After the auction, the Administrator shall, in a
timely fashion, publish the identities of winning bidders, the quantity of
allowances obtained by each winning bidder, and the auction clearing
price.</text>
</paragraph><paragraph id="HDC6B35BB1FBE4168BF655B00F3BBA7D7"><enum>(8)</enum><header>Other
requirements</header><text>The Administrator may include in the regulations
such other requirements or provisions as the Administrator deems necessary to
promote effective, efficient, transparent, and fair administration of auctions
under this section.</text>
</paragraph></subsection><subsection id="HDB75C5E602DD44499285C94991C58E78"><enum>(c)</enum><header>Revision of
regulations</header><text>The Administrator may, at any time, revise the
initial regulations promulgated under subsection (b) based on the
Administrator’s experience in administering allowance auctions. Such revised
regulations need not meet the requirements identified in subsection (b) if the
Administrator determines that an alternative auction design would be more
effective, taking into account factors including costs of administration,
transparency, fairness, and risks of collusion or manipulation.</text>
</subsection></section><section id="H2854C0F5A09946509E8EA7FDBB586D2E"><enum>722.</enum><header>Auction
proceeds</header>
<subsection id="H0C0050C3AF2D46940040B1EBA2400C1"><enum>(a)</enum><header>Funds
established</header><text>There are established in the Treasury of the United
States the following funds:</text>
<paragraph id="HB7173A9F1DD7465A875F40589000ABEB"><enum>(1)</enum><text>The Investing in
Climate Action and Protection Act Management Fund.</text>
</paragraph><paragraph id="H2CF20CA88E7B425AACF427F6538BD61E"><enum>(2)</enum><text>The Climate Change
Education and Outreach Fund.</text>
</paragraph><paragraph display-inline="no-display-inline" id="H7B9D26B14A1F414F8242D8AD97E220AD"><enum>(3)</enum><text>The Climate Trust
Rebate Fund.</text>
</paragraph><paragraph id="H78FADCEDFC0B4C4DAFE4E7407D6F273B"><enum>(4)</enum><text>The Low-Carbon
Technology Fund.</text>
</paragraph><paragraph id="H98C15EE8A92A4EABA911000036BAF8F"><enum>(5)</enum><text>The National Energy
Efficiency Fund.</text>
</paragraph><paragraph id="HF8F1E0E9035943B5A4B985B38E602886"><enum>(6)</enum><text display-inline="yes-display-inline">The Agriculture and Forestry Carbon
Fund.</text>
</paragraph><paragraph display-inline="no-display-inline" id="HD29B027B0C814D6EB6D303B3E1664726"><enum>(7)</enum><text display-inline="yes-display-inline">The Climate Change Worker Transition
Fund.</text>
</paragraph><paragraph id="H80AFA313FBDC43A000306BECA00005B"><enum>(8)</enum><text>The National
Climate Change Adaptation Fund.</text>
</paragraph><paragraph id="H011958B470C742D5BA74FFD9105632DF"><enum>(9)</enum><text display-inline="yes-display-inline">The Natural Resource Conservation
Fund.</text>
</paragraph><paragraph id="H8BD3D95E91CA4AFEBF4B02670000F2F7"><enum>(10)</enum><text>The International
Forest Protection Fund.</text>
</paragraph><paragraph id="H34384127725E481F85CB23CD97C89C3"><enum>(11)</enum><text>The International
Clean Technology Fund.</text>
</paragraph><paragraph id="H316EFB01ECAE4686A080D8355994ADAC"><enum>(12)</enum><text>The International
Climate Change Adaptation Fund.</text>
</paragraph></subsection><subsection id="H3D6C554CD6574FFEA3B8B447D6D1DCB"><enum>(b)</enum><header>Amounts in
funds</header><text>Each Fund established by subsection (a) shall consist of
such amounts as are deposited into the respective Fund under this
section.</text>
</subsection><subsection id="H5EDA806BA83B486AA8F22720BAED95DB"><enum>(c)</enum><header>Investing in
Climate Action and Protection Act Management Fund</header>
<paragraph id="H51495B8A1EAA4351B9D0E1425D6E7635"><enum>(1)</enum><header>In
general</header><text>For each of fiscal years 2010 through 2050, the
Administrator shall deposit into the <short-title>Investing in Climate Action and Protection
Act</short-title> Management Fund such percentage of the proceeds of the
auctions conducted by the Administrator for such fiscal year under this
section, not to exceed 0.5 percent of the total value of the proceeds from
auctions conducted in that fiscal year, as the President determines to be
sufficient to efficiently and effectively administer this title and title II of
the <short-title>Investing in Climate Action and
Protection Act</short-title>.</text>
</paragraph><paragraph id="H2480CB977B72443DB900AF5B56BF51D0"><enum>(2)</enum><header>Use of
funds</header><text>Funds from the Investing in Climate Action and Protection
Act Management Fund may be used by—</text>
<subparagraph id="H75C924003D514406905B6308BBD0D79"><enum>(A)</enum><text>the Administrator
for—</text>
<clause id="H2259E99DCB394976BCB189307DA672EE"><enum>(i)</enum><text>the costs of
carrying out this title, including the costs of promulgation of regulations,
development of policy guidance, development and operation of information
systems, certification of monitoring equipment, conducting facilities audits
and inspections, monitoring and modeling, quality assurance and verification
functions, enforcement, administration, outreach, training, field audits, and
financial management; and</text>
</clause><clause id="HA364B6D6EF564F999F1C21F400DAA4E8"><enum>(ii)</enum><text>contracting with
the National Academy of Sciences for periodic review under the Investing in
Climate Action and Protection Act; and</text>
</clause></subparagraph><subparagraph id="HCF57380AC3F649739DCDEC687E147C17"><enum>(B)</enum><text>the Federal Energy
Regulatory Commission for the costs of carrying out title II of the
<short-title>Investing in Climate Action and Protection
Act</short-title>.</text>
</subparagraph></paragraph><paragraph id="HFE1EA752B9304AB09B3322ACBF4E8097"><enum>(3)</enum><header>Treatment</header><text>Amounts
in the <short-title>Investing in Climate Action and
Protection Act</short-title> Management Fund—</text>
<subparagraph id="H8524E5353D0C4D778455A0EE8C7152C9"><enum>(A)</enum><text>shall be used only
to advance the purposes described in section 3 of the
<short-title>Investing in Climate Action and Protection
Act</short-title>;</text>
</subparagraph><subparagraph id="H293E85D77F1A4612B9E21C9CB97BED5"><enum>(B)</enum><text>are subject to the
availability of appropriations; and</text>
</subparagraph><subparagraph id="H0E7044F94ED2439A8D16F27B9B07AE52"><enum>(C)</enum><text>shall remain
available until expended.</text>
</subparagraph></paragraph></subsection><subsection id="H17D085B821714FC0882FA78D81F0B245"><enum>(d)</enum><header>Climate Change
Education and Outreach Fund</header><text>For each of the fiscal years 2010
through 2050, the Administrator shall deposit $50,000,000 from the auction
proceeds for such fiscal year in the Climate Change Education and Outreach
Fund.</text>
</subsection><subsection id="HDB25F8E9F05649088E7958A2BCD7DB00"><enum>(e)</enum><header>Use of remaining
proceeds</header>
<paragraph id="H31F0FF6F50F84CA3BF499D9E4379F026"><enum>(1)</enum><header>Fiscal years
2010 through 2019</header><text display-inline="yes-display-inline">For each of
fiscal years 2010 through 2019, the Administrator shall allocate the remaining
proceeds of the auctions conducted by the Administrator during the fiscal year
as follows:</text>
<table align-to-level="section" blank-lines-before="1" colsep="1" frame="all" line-rules="all-gen" rowsep="1" rule-weights="4.4.4.4.4.0" table-template-name="Generic: 1 text, 1 num" table-type="">
<tgroup cols="2" grid-typeface="1.1" rowsep="1" thead-tbody-ldg-size="10.10.12"><colspec coldef="txt-no-ldr" colname="column1" colwidth="269pts" min-data-value="200"></colspec><colspec align="center" coldef="fig" colname="column2" colwidth="56pts" min-data-value="10"></colspec>
<thead>
<row><entry align="center" colname="column1" morerows="0" namest="column1">Fund</entry><entry align="center" colname="column2" morerows="0" namest="column2">Percentage</entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">General
Fund of the Treasury</entry><entry align="right" colname="column2" leader-modify="force-ldr">51</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Climate
Trust Rebate Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">7.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Low-Carbon
Technology Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">12.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">National
Energy Efficiency Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">12.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Agriculture and Forestry Carbon Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">4.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Climate
Change Worker Transition Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">1.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">National
Climate Change Adaptation Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">2</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Natural
Resource Conservation Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">1.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">International Forest Protection Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">1.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">International Clean Technology Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">3.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">International Climate Change Adaptation Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">2</entry>
</row>
</tbody>
</tgroup>
</table>
</paragraph><paragraph id="H42CFCBEE15564B8FBED7E2BF75AB69CB"><enum>(2)</enum><header>Fiscal years
2020 through 2050</header><text>For each of fiscal years 2020 through 2050, the
Administrator shall allocate the remaining proceeds of the auctions conducted
by the Administrator during the fiscal year as follows:</text>
<table align-to-level="section" blank-lines-before="1" colsep="1" frame="all" line-rules="all-gen" rowsep="1" rule-weights="4.4.4.4.4.0" table-template-name="Generic: 1 text, 1 num" table-type="">
<tgroup cols="2" grid-typeface="1.1" rowsep="1" thead-tbody-ldg-size="10.10.12"><colspec coldef="txt-no-ldr" colname="column1" colwidth="269pts" min-data-value="200"></colspec><colspec align="center" coldef="fig" colname="column2" colwidth="56pts" min-data-value="10"></colspec>
<thead>
<row><entry align="center" colname="column1" morerows="0" namest="column1">Fund</entry><entry align="center" colname="column2" morerows="0" namest="column2">Percentage</entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">General
Fund of the Treasury</entry><entry align="right" colname="column2" leader-modify="force-ldr">48</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Climate
Trust Rebate Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">7</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Low-Carbon
Technology Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">12.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">National
Energy Efficiency Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">12.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Agriculture and Forestry Carbon Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Climate
Change Worker Transition Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">2</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">National
Climate Change Adaptation Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">2.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">Natural
Resource Conservation Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">2</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">International Forest Protection Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">2</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">International Clean Technology Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">4</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">International Climate Change Adaptation Fund</entry><entry align="right" colname="column2" leader-modify="force-ldr">2.5</entry>
</row>
</tbody>
</tgroup>
</table>
</paragraph></subsection></section><section id="HA3AFEF7BF2D74E26B921106BF9F60426"><enum>723.</enum><header>Transitional
assistance to manufacturers of trade-exposed primary goods</header>
<subsection id="HB2EA14ACC53A48868DAAD806F7AF396E"><enum>(a)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="HB99956DD6E92496D89BD67231E6C7E1"><enum>(1)</enum><header>Currently
operating manufacturing facility</header><text>The term <quote>currently
operating manufacturing facility</quote> means an eligible manufacturing
facility that had significant operations during the calendar year preceding the
calendar year for which emission allowances are being distributed under this
section.</text>
</paragraph><paragraph id="HE879F4A11BAD4D15BDC6468286BC9120"><enum>(2)</enum><header>Eligible
manufacturing facility</header><text>The term <quote>eligible manufacturing
facility</quote> means an industrial facility described in section 700(13)(A)
that is located in the United States and that principally manufactures
trade-exposed primary goods.</text>
</paragraph><paragraph id="HF8484307CBE44D0E98AF5174094E638B"><enum>(3)</enum><header>New entrant
manufacturing facility</header><text>The term <quote>new entrant manufacturing
facility</quote> means an eligible manufacturing facility that will begin
operation during the calendar year for which emission allowances are being
distributed under this section.</text>
</paragraph><paragraph id="HC9687626448F432A907B39AA942549AF"><enum>(4)</enum><header>Primary
good</header><text>The term <quote>primary good</quote> means—</text>
<subparagraph id="H929BB320643A422DAC17B95D89B48899"><enum>(A)</enum><text>a manufactured
product (other than fuel) that is sold in bulk for purposes of further
manufacture, such as aluminum, cement, iron and steel, and bulk glass;
and</text>
</subparagraph><subparagraph id="H40E863E93F7C464083D79E1DBBC159AA"><enum>(B)</enum><text>paper.</text>
</subparagraph></paragraph><paragraph id="H30534F5D420240F0B9A0432EA39240E6"><enum>(5)</enum><header>Production
amount</header><text>The term <quote>production amount</quote> means—</text>
<subparagraph id="HFC038047031340F89F840036DDD37CB"><enum>(A)</enum><text>for a currently
operating manufacturing facility, the quantity of the trade-exposed primary
good the facility produced, on average, during the most recent 3 calendar years
for which data is available, or such shorter historical period as the facility
has been in operation; and</text>
</subparagraph><subparagraph id="HC0979CB5DBFA4DAD003755FA6238C00"><enum>(B)</enum><text>for a new entrant
manufacturing facility, the expected production capacity for the trade-exposed
primary good by the facility for the calendar year.</text>
</subparagraph></paragraph><paragraph id="H88EA76AB74254FBFB0258BA4D8D8096D"><enum>(6)</enum><header>Trade-exposed
primary good</header><text>The term <quote>trade-exposed primary good</quote>
means a primary good that the Administrator determines is likely to be
significantly disadvantaged in internationally competitive markets as a result
of direct and indirect costs of compliance with this title.</text>
</paragraph></subsection><subsection id="H7AA8D9CA8CC04DAEA92204542088B03E"><enum>(b)</enum><header>Categories of
trade-exposed primary goods</header><text>Not later than 180 days after the
date of enactment of this title, the Administrator shall publish in the Federal
Register a list of categories and subcategories of trade-exposed primary goods
for the purposes of this section and subtitle G.</text>
</subsection><subsection id="H222B549409174EE48B5BA9A55D096C12"><enum>(c)</enum><header>Eligible
manufacturing facilities</header>
<paragraph id="H6B035F5C62B1420FB04816613FC6EE29"><enum>(1)</enum><header>List</header><text display-inline="yes-display-inline">Not later than 120 days prior to the start
of each of calendar years 2012 through 2019, the Administrator shall publish in
the Federal Register a list of eligible manufacturing facilities for each
category and subcategory of trade-exposed primary goods listed under subsection
(b). The list published under this paragraph shall include information on the
production amount for each listed category and subcategory of goods.</text>
</paragraph><paragraph id="HCA4C369E8E2A42D981893D9337AC673C"><enum>(2)</enum><header>Allowance
allocation</header><text>In addition to the list under paragraph (1), the
publication under this subsection shall specify the quantity of emission
allowances to be allocated to each eligible manufacturing facility pursuant to
subsections (d) through (i).</text>
</paragraph><paragraph id="HC681C82757D947DF86FF4BD46948F500"><enum>(3)</enum><header>Obtaining
information</header><text>The Administrator shall issue regulations to provide
the Administrator access to the information necessary to publish the list
required under paragraph (1). Such regulations shall not require manufacturing
facilities to submit information available to the Administrator from other
Federal agencies or public sources of information.</text>
</paragraph></subsection><subsection commented="no" id="HD13A8F79636E47D9B4C62581C126A1AF"><enum>(d)</enum><header>Total
allocation</header><text>For each of calendar years 2012 through 2019, the
Administrator shall allocate 6 percent of the quantity of emission allowances
established under section 711 for the relevant year to eligible manufacturing
facilities in accordance with this section.</text>
</subsection><subsection id="HC75048CF26C54B8BBC3FB02937C79F4"><enum>(e)</enum><header>Distribution
system</header><text>Not later than 1 year after the date of enactment of this
title, the Administrator shall promulgate a regulation establishing a system
for distributing to the owners or operators of eligible manufacturing
facilities the emission allowances described in subsection (d). Such
distribution shall occur by January 1 of the year for which the allowances are
being distributed.</text>
</subsection><subsection id="HC361608FD58342FD9BD11235E7A56B48"><enum>(f)</enum><header>Total allocation
for each category and subcategory of eligible manufacturing
facilities</header><text>The proportion of total emission allowances
distributed by the Administrator for each calendar year to each category and
subcategory of eligible manufacturing facilities shall be determined by the
Administrator based upon the relative predicted adverse impact of direct and
indirect costs of compliance with this title on each category or subcategory.
The Administrator shall establish such proportion not later than January 1,
2011, and shall revise such proportion by January 1 of each year thereafter
only to reflect the predicted changes in production levels of each category or
subcategory.</text>
</subsection><subsection id="HE0C3EFB8AC3B450C92E82C6AB4B437E"><enum>(g)</enum><header>Individual
allocations to eligible manufacturing facilities</header><text>The quantity of
emission allowances distributed by the Administrator for a calendar year to an
eligible manufacturing facility shall be a quantity equal to the product
obtained by multiplying—</text>
<paragraph id="H684471EB1C7844B9886D4614ABC8169F"><enum>(1)</enum><text>the total quantity
of emission allowances available for distribution to all eligible manufacturing
facilities in the appropriate category or subcategory for the calendar year as
determined under subsection (f); and</text>
</paragraph><paragraph id="H6A6948D1205C4FECB300DADA0000AC75"><enum>(2)</enum><text>the ratio that the
production amount of the facility bears to the sum of—</text>
<subparagraph id="H7E52D42398794D81B2EA61000061E3A3"><enum>(A)</enum><text>the total quantity
of the trade-exposed primary good produced, on average, over the 3 preceding
calendar years, by currently operating manufacturing facilities; and</text>
</subparagraph><subparagraph id="H5D60D9C6BACE447BA8ACA8EB34D1FFF"><enum>(B)</enum><text>the expected
production capacity for the trade-exposed primary good of all new entrant
manufacturing facilities for the calendar year.</text>
</subparagraph></paragraph></subsection><subsection id="HBC475513F92D444DBA433DB97BDC8846"><enum>(h)</enum><header>New entrant
manufacturing facilities</header><text>The system established pursuant to
subsection (e) shall authorize the Administrator to require the return to the
Administrator of an appropriate portion of the emission allowances distributed
to a new entrant manufacturing facility if actual production by such facility
is lower than the production amount used to calculate the distribution to the
facility.</text>
</subsection><subsection id="H315D0820448B429AA2FC5FA28F00E257"><enum>(i)</enum><header>Facilities that
shut down</header><text>The system established pursuant to subsection (e) shall
ensure that—</text>
<paragraph id="H82D5079588094EBA9FCD71BCB9849BD7"><enum>(1)</enum><text>emission
allowances are not distributed to an owner or operator for any facility that
has been permanently shut down at the time of the distribution;</text>
</paragraph><paragraph id="HD483ED15B2BA4A25A3C3A9CAA36CD3B9"><enum>(2)</enum><text>if a facility
receives a distribution of emission allowances under this section for a
calendar year and subsequently permanently shuts down during that calendar
year, the owner or operator of such facility promptly returns to the
Administrator a quantity of emission allowances equal to the quantity that the
Administrator determines is the portion that the owner or operator will no
longer need to meet its submission obligations for such facility under section
712; and</text>
</paragraph><paragraph id="H6E0B206005064C9FB9EF15F8AC118867"><enum>(3)</enum><text>the owner or
operator of any facility that permanently shuts down in a calendar year
promptly returns to the Administrator any emission allowances that the
Administrator has distributed for that facility for any subsequent calendar
year.</text>
</paragraph></subsection></section></subtitle><subtitle id="HA097F0D211154F9BB26E90B5F05D63E8"><enum>D</enum><header>Trading, Banking,
and Borrowing</header>
<section id="H899C9B01FECA4040A300B38D8406526B"><enum>731.</enum><header>Trading</header>
<subsection id="HE54A365D94714FCFBCD35540FB7535E8"><enum>(a)</enum><header>Sale, exchange,
and retirement of emission allowances</header><text>Except as otherwise
provided in this title, the lawful holder of an emission allowance may, without
restriction, sell, exchange, transfer, submit for compliance in accordance with
section 712, or request that the Administrator retire the emission
allowance.</text>
</subsection><subsection id="H16A1C190E4FF4373AA291E8E20F82800"><enum>(b)</enum><header>No restriction
on transactions</header><text>The privilege of purchasing, holding, selling,
exchanging, and requesting retirement of emission allowances shall not be
restricted to the owners and operators of covered entities.</text>
</subsection><subsection id="H7418CD9806DA4C7A8F1E2BFC5E883711"><enum>(c)</enum><header>Allowance
transfer system</header><text>Not later than 18 months after the date of
enactment of this title, the Administrator shall promulgate regulations to
carry out the provisions of this title relating to emission allowances,
including regulations providing that the transfer of emission allowances shall
not be effective until such date as a written certification of the transfer,
signed by a responsible official of each party to the transfer, is received and
recorded by the Administrator in accordance with those regulations.</text>
</subsection><subsection id="H1EA118F6409542058CDF06F69DBE8567"><enum>(d)</enum><header>Allowance
tracking system</header><text>The regulations promulgated under subsection (c)
shall include a system for issuing, recording, and tracking emission allowances
that shall specify all necessary procedures and requirements for an orderly and
competitive functioning of the emission allowance system.</text>
</subsection></section><section id="H04D96E7DBB224549AA6DED98076739FE"><enum>732.</enum><header>Banking</header>
<subsection id="H7949F000B0624991BDBD85CBACC13934"><enum>(a)</enum><header>In
general</header><text>An emission allowance may be used to meet the
requirements of section 712 in the calendar year for which the allowance is
issued, as indicated in the identification number of the emission allowance, or
any subsequent calendar year.</text>
</subsection><subsection id="HFD2EA1AEA4424406806080E65F2699D"><enum>(b)</enum><header>Effect of
time</header><text>The passage of time shall not, by itself, cause an emission
allowance to be retired or otherwise diminish the compliance value of the
emission allowance.</text>
</subsection></section><section id="HD6A37B9FAB4142178C81AFFFA6EE7D2"><enum>733.</enum><header>Borrowing</header>
<subsection id="H6EE3A87968CD40C4A6CE428755FE2769"><enum>(a)</enum><header>Regulations</header><text>Not
later than 3 years after the date of enactment of this title, the Administrator
shall promulgate regulations under which, subject to the requirements of this
section, the owner or operator of a covered entity may—</text>
<paragraph id="HFFCD23B603A748A9ABCC1ED3AD015ED6"><enum>(1)</enum><text>borrow emission
allowances from the Administrator; and</text>
</paragraph><paragraph id="HFBCB92F6AEB348359DDEB12D9826E296"><enum>(2)</enum><text>for a calendar
year, submit borrowed emission allowances to the Administrator in satisfaction
of up to 15 percent of the compliance obligation under section 712(a).</text>
</paragraph></subsection><subsection id="HA9DE6987E0EA46F800E1449D2CB6816"><enum>(b)</enum><header>Limitations</header><text>An
emission allowance borrowed pursuant to this section shall be an emission
allowance established by the Administrator for a specific future calendar year
under section 711(a). The Administrator shall not lend an emission allowance
drawn from a calendar year (as indicated in the identification number of the
emission allowance) that is more than 5 years later than the calendar year in
which such loan is made.</text>
</subsection><subsection id="HEAE4F0E44A2A4E68B3CBD0C469CA3BAC"><enum>(c)</enum><header>Repayment with
interest</header><text>For each emission allowance that an owner or operator of
a covered entity borrows pursuant to this section, such owner or operator
shall, not later than December 31 of the calendar year from which the borrowed
emission allowance was drawn (as indicated in the identification number of the
borrowed emission allowance), submit to the Administrator a quantity of
emission allowances that is equal to the sum of—</text>
<paragraph id="H13BE87FBEE6C4255917728A081255069"><enum>(1)</enum><text>1; and</text>
</paragraph><paragraph id="HD2CC3CA02FF34553A6096D5615820044"><enum>(2)</enum><text>the product
obtained by multiplying—</text>
<subparagraph id="HC099FCC91E094E97AD5B1B3312532157"><enum>(A)</enum><text>0.1; and</text>
</subparagraph><subparagraph id="HE74D65D3B21E42AD88D7EAB36181FB"><enum>(B)</enum><text>the number of years,
including prorated portions of years, between the date on which the emission
allowance was borrowed and the date on which the loan is repaid.</text>
</subparagraph></paragraph></subsection></section></subtitle><subtitle id="HEB04C4BA7E57484BB56ECF0043E95F62"><enum>E</enum><header>Domestic
Offsets</header>
<section id="H2BA48CADF6AB413383E4D761CA4B22D6"><enum>741.</enum><header>Establishment
of domestic offset program</header>
<subsection id="HA5E3666C947847D99CAD0034D786D452"><enum>(a)</enum><header>Regulations</header><text>Not
later than 18 months after the date of enactment of this title, the
Administrator shall promulgate regulations establishing a program for the
issuance of offset credits in accordance with the requirements of this
subtitle.</text>
</subsection><subsection id="H31275511657B40CEB52DE5AA38C37186"><enum>(b)</enum><header>Requirements</header><text>The
regulations described in subsection (a) shall, at minimum—</text>
<paragraph id="H05AB88BE83BB4DEC925D147DBB206F00"><enum>(1)</enum><text>authorize the
issuance of offset credits generated through qualifying offset projects within
the United States that achieve greenhouse gas emission reductions below, or
increases in biological sequestration above, the project baseline;</text>
</paragraph><paragraph id="HA6CCACC6445C45F090ED24E2D914A828"><enum>(2)</enum><text>ensure that such
offset credits represent real, verifiable, additional, permanent, and
enforceable reductions in greenhouse gas emissions or increases in biological
sequestration; and</text>
</paragraph><paragraph id="HB221B788D1A94287AD4B3E00003F3C00"><enum>(3)</enum><text>provide for the
implementation of the requirements of this subtitle.</text>
</paragraph></subsection><subsection id="H6EAE52A200E8423BBFA2331CCDBDF02"><enum>(c)</enum><header>Periodic
review</header><text>Not later than 5 years after the date of enactment of this
title, and periodically thereafter, the Administrator shall review and revise,
as necessary, the regulations promulgated under this subtitle.</text>
</subsection></section><section id="H7151777029174DA68FE4006FD4B1641D"><enum>742.</enum><header>Eligible
project types</header>
<subsection id="HECA872272AA84F7B8345CC661CE1554D"><enum>(a)</enum><header>Eligible project
types</header><text>The types of projects eligible to generate offset credits
under this subtitle shall be limited to projects that—</text>
<paragraph id="HB9E26C2B2E2E4E059C1BEE8E7E569E9C"><enum>(1)</enum><text>reduce greenhouse
gas emissions, from agricultural facilities in the United States that are not
subject to performance standards issued under section 771, resulting from
enteric fermentation or manure management and disposal;</text>
</paragraph><paragraph id="H37B4785285E244BA94506960B431DE35"><enum>(2)</enum><text>increase
biological sequestration of carbon through afforestation or reforestation of
acreage in the United States that was not forested as of June 3, 2008;</text>
</paragraph><paragraph id="HFA404460DC12432EA3F4BEEB8CCABE1"><enum>(3)</enum><text>reduce fugitive
greenhouse gas emissions from petroleum and natural gas systems in the United
States; or</text>
</paragraph><paragraph id="HB701A4898E0B423299B163A4775EF358"><enum>(4)</enum><text>reduce greenhouse
gas emissions from coal mines in the United States that are not subject to
performance standards issued under section 771.</text>
</paragraph></subsection><subsection id="H3767071D5F34432090EEA47B62C6BE5"><enum>(b)</enum><header>Exclusions</header><text>The
Administrator shall ensure that no offset credits shall be generated under this
subtitle by—</text>
<paragraph id="H4DA6AB749726463F86B1FB008C410580"><enum>(1)</enum><text>any reduction of
greenhouse gas emissions that are covered by the compliance obligations set
forth in section 712(a); or</text>
</paragraph><paragraph id="H62E954F124B743F8A7E8D86890E693DB"><enum>(2)</enum><text>any activity
receiving support under subtitle D of title III of the
<short-title>Investing in Climate Action and Protection
Act</short-title>.</text>
</paragraph></subsection></section><section id="HA722B36C0810403AA9D8E39E208012C7"><enum>743.</enum><header>Protocols and
accounting methods</header>
<subsection id="HCB1A1C74B188478CB88FD362F4274811"><enum>(a)</enum><header>Development of
monitoring and quantification tools for offset projects</header>
<paragraph id="H144BAC8E0C504EE4A7EE8418B3C56B3"><enum>(1)</enum><header>In
general</header><text>The Administrator shall develop standardized tools for
use in the monitoring and quantification of net reductions in greenhouse gas
emissions or net increases in biological sequestration for each eligible offset
project type.</text>
</paragraph><paragraph id="H2CAC4EC526BD4CD6BB85B04C62C79CBC"><enum>(2)</enum><header>Tool
development</header><text>The tools described in paragraph (1) shall, for each
eligible offset project type, include applicable—</text>
<subparagraph id="H151814A2CE3B4E8E9FAED7078530AF2C"><enum>(A)</enum><text>statistically
sound field and remote sensing sampling methods, procedures, techniques,
protocols, or programs;</text>
</subparagraph><subparagraph id="H47B3CB0DA0E9489ABD7BD068AD579BAA"><enum>(B)</enum><text>models, factors,
equations, or look-up tables; and</text>
</subparagraph><subparagraph id="HC400274936A74B67BC052FB1920080B9"><enum>(C)</enum><text>any other process
or tool considered to be acceptable by the Administrator.</text>
</subparagraph></paragraph></subsection><subsection id="H7588644F57994213A8B11CAD51005DCD"><enum>(b)</enum><header>Development of
accounting and discounting methods</header>
<paragraph id="HA48CC115D7FC4D8B877BCC885DD1DC"><enum>(1)</enum><header>In
general</header><text>The Administrator shall—</text>
<subparagraph id="H2046FCFC4A7147E8B3554230E19E6FA5"><enum>(A)</enum><text>develop
standardized methods for use in estimating the baseline, accounting for
additionality and uncertainty, and discounting for leakage for each eligible
offset project type; and</text>
</subparagraph><subparagraph id="H57A64DC2AC604914B5A03D4EF4AB693B"><enum>(B)</enum><text>require that
leakage be subtracted from reductions in greenhouse gas emissions or increases
in biological sequestration attributable to a project.</text>
</subparagraph></paragraph><paragraph id="HCA27EAFB63694E70BE362EF334DFCB3"><enum>(2)</enum><header>Baseline
estimation and additionality determination</header><text>The standardized
methods used to establish baselines and determine additionality shall, for each
project type, at a minimum—</text>
<subparagraph id="H064849DB67354F70A8ACE076DD3C195C"><enum>(A)</enum><text>in the case of an
afforestation or reforestation project, determine the greenhouse gas flux and
carbon stock on comparable land identified on the basis of—</text>
<clause id="H1FADDC14327A4140B292D7A424710043"><enum>(i)</enum><text>similarity in
current management practices;</text>
</clause><clause id="HB38416B6B17445A69F24D3E083F8F1E6"><enum>(ii)</enum><text>similarity of
regional, State, or local policies or programs; and</text>
</clause><clause id="H2017B1213AC948A5B45D7B759882A98B"><enum>(iii)</enum><text>similarity in
geographical and biophysical characteristics;</text>
</clause></subparagraph><subparagraph id="HAA208A0E7CD24DB7B2EB22E7D59E69AF"><enum>(B)</enum><text>in the case of an
emission reduction project, use as a basis emissions from comparable
facilities; and</text>
</subparagraph><subparagraph id="H7277D4A5237D485DB1323DBA8E2C9627"><enum>(C)</enum><text>specify a selected
time period and provide for regular updating of baselines and additionality
standards to take account of changes in business-as-usual practices; and</text>
</subparagraph><subparagraph id="H782A3D04EC50436788ACE67CA6340094"><enum>(D)</enum><text>ensure that
emission reductions or increases in biological sequestration are not considered
additional that are the result of activities that—</text>
<clause id="H2C01519CA4B14BD8B540ECA2A89B28AF"><enum>(i)</enum><text>are required by or
undertaken to comply with any law, including any regulation; or</text>
</clause><clause id="HFAD7FB80CFFB4F95B248D25B615339CB"><enum>(ii)</enum><text>were commenced
prior to the initiation of the offset project.</text>
</clause></subparagraph></paragraph><paragraph id="HF123E59BEA8B437E8653EF91D9D377F8"><enum>(3)</enum><header>Leakage</header><text>The
standardized methods used to determine and discount for leakage shall, at a
minimum, take into consideration—</text>
<subparagraph id="H737BBD2ABE1F4284A7D7F22EAD02F5BA"><enum>(A)</enum><text>the scope of the
offset project in terms of activities and geography covered;</text>
</subparagraph><subparagraph id="HF9ADC0BB67A146838D9FDD53ADB6FEE1"><enum>(B)</enum><text>the markets
relevant to the offset project;</text>
</subparagraph><subparagraph id="HF7A24AD0DFB94B39A7538713CC21C8B0"><enum>(C)</enum><text>emission intensity
per unit of production, both inside and outside of the offset project;
and</text>
</subparagraph><subparagraph id="HBD21441F82E94648B847A496000085BB"><enum>(D)</enum><text>a time period
sufficient in length to yield a stable leakage rate.</text>
</subparagraph></paragraph></subsection><subsection id="H90756E7EB18C4B318C4B602DC0BB8430"><enum>(c)</enum><header>Standards
addressing permanence in afforestation and reforestation
projects</header><text>The Administrator shall prescribe specific standards
ensuring that each offset allowance generated through an afforestation or
reforestation project represents a permanent net increase in biological
sequestration, and that full account is taken of any actual or potential
reversal of such sequestration, with an adequate margin of safety. In
prescribing such standards, the Administrator shall seek to maximize the
certainty that the overall cap on greenhouse gas emissions established by this
title is not compromised.</text>
</subsection><subsection id="HDED4DF7F90854A86822911CED4E6D92B"><enum>(d)</enum><header>Uncertainty</header>
<paragraph id="H0129D0C388C34A23A3BE00318048B5BF"><enum>(1)</enum><header>In
general</header><text>The Administrator shall develop standardized methods for
use in determining and discounting for uncertainty for each offset project
type.</text>
</paragraph><paragraph id="HEEB3278A00CA4480AA69F6AB91D90061"><enum>(2)</enum><header>Basis</header><text>The
standardized methods used to determine and discount for uncertainty shall be
based on—</text>
<subparagraph id="H0391D5189B8C41DEAB2FB4E712A8D7DC"><enum>(A)</enum><text>the robustness and
rigor of the methods used by a project developer to monitor and quantify
reductions in greenhouse gas emissions or net biological sequestration;</text>
</subparagraph><subparagraph id="H2C0FA7C1EDEA4413B14DEF8711352168"><enum>(B)</enum><text>the robustness and
rigor of methods used to determine additionality, leakage, and permanence;
and</text>
</subparagraph><subparagraph id="HA8076CA0C854450490BC8604E8BDF100"><enum>(C)</enum><text>a proportional
discount that increases relative to uncertainty, as determined by the
Administrator to encourage better measurement and accounting.</text>
</subparagraph></paragraph></subsection><subsection id="H19ABC06003EA440EBBB12868BE99CDF8"><enum>(e)</enum><header>Acquisition of
new data and review of methods</header><text>The Administrator shall—</text>
<paragraph id="HF0497C6E466A48EFB3EA2B6404C33D31"><enum>(1)</enum><text>establish a
comprehensive field sampling program to improve the scientific bases on which
the standardized tools and methods developed under this section are based;
and</text>
</paragraph><paragraph id="HDE33B46524ED411E8F004D3564BB41A2"><enum>(2)</enum><text>not less
frequently than every five years, review and, as appropriate, revise the
standardized tools and methods developed under this section, based on—</text>
<subparagraph id="H7BBF53DA7E70472B81C2504BFBB2DB2B"><enum>(A)</enum><text>validation of
existing methods, protocols, procedures, techniques, factors, equations, or
models;</text>
</subparagraph><subparagraph id="HEB39DBF536AC4809885E14BC2564ECA"><enum>(B)</enum><text>development of new
methods, protocols, procedures, techniques, factors, equations, or
models;</text>
</subparagraph><subparagraph id="H853668C9674741B6AAD14DF5C8B8476F"><enum>(C)</enum><text>increased
availability of field data or other datasets; and</text>
</subparagraph><subparagraph id="H8FB3551722A147E2B3B02205E830BE7"><enum>(D)</enum><text>any other
information identified by the Administrator that is necessary to meet the
objectives of this subtitle.</text>
</subparagraph></paragraph></subsection></section><section id="HBC41DA6D90D54EDB80BE17B7D2C1E594"><enum>744.</enum><header>Project
initiation</header>
<subsection id="HCE1A72148DF44B29A8E8A4006326298E"><enum>(a)</enum><header>In
general</header><text>The Administrator may prescribe rules requiring project
developers for such project types as the Administrator considers appropriate,
prior to initiation of an offset project, to—</text>
<paragraph id="HE9CFE632D3084D33B64BA393F363DCA"><enum>(1)</enum><text>submit a petition
for project initiation, including—</text>
<subparagraph id="H655CCB87293B465F94BD7F6FF558FBA5"><enum>(A)</enum><text>a plan for
monitoring and quantifying reductions in emissions or net increases in
biological sequestration resulting from the project;</text>
</subparagraph><subparagraph id="HB53BA7203A29499800FD817C551DFFD5"><enum>(B)</enum><text>a certification
that the project will not have significant adverse effects on the environment;
and</text>
</subparagraph><subparagraph id="H8892092FC8B8442A8BA0CA3DF890B470"><enum>(C)</enum><text>such other
information as the Administrator considers necessary to meet the objectives of
this subtitle; and</text>
</subparagraph></paragraph><paragraph id="H0F1D0E700D6343F1AB2C3C8700514E4E"><enum>(2)</enum><text>obtain the
Administrator’s approval of the offset project, pursuant to subsection
(b).</text>
</paragraph></subsection><subsection id="HCBBEE94F348949999276F6888DBF8DAF"><enum>(b)</enum><header>Approval and
notification</header>
<paragraph id="H4D41F997B1C14A10ADB20028279B7E73"><enum>(1)</enum><header>In
general</header><text>If the Administrator establishes project initiation
requirements under subsection (a), the Administrator shall, not later than 60
days after the submission of a complete petition under subsection
(a)(1)—</text>
<subparagraph id="HA9BE4232FC62413FB01B3C049BBD8D31"><enum>(A)</enum><text>determine whether
the petition satisfies the applicable requirements of this subtitle; and</text>
</subparagraph><subparagraph id="H4C53256B3B7C4C61B6862DF6743D054D"><enum>(B)</enum><text>notify the project
developer of such determination.</text>
</subparagraph></paragraph><paragraph id="HD7C251C363834267B0E2004556F51BEE"><enum>(2)</enum><header>Appeal</header><text>The
Administrator shall establish mechanisms for appeal and review of negative
determinations made under this subsection.</text>
</paragraph></subsection></section><section id="HBA8ED58CB2D6477BA342EA215F2EC114"><enum>745.</enum><header>Offset
verification and issuance of credits</header>
<subsection id="HEA65ECF2F1994FEA816CCFD321F1A0FC"><enum>(a)</enum><header>In
general</header><text>Offset credits may be claimed for net emission reductions
or increases in biological sequestration annually, after accounting for any
necessary discounts in accordance with section 743, by submitting a
verification report for an offset project to the Administrator.</text>
</subsection><subsection id="HC33C690BFC1C461B9F1EFA3E9016B720"><enum>(b)</enum><header>Offset
verification</header>
<paragraph id="H917AA0E9E0524EE6BE7B81D4CC30323"><enum>(1)</enum><header>Scope of
verification</header><text>A verification report for an offset project—</text>
<subparagraph id="H896FF64078CC4826B451FD001E004356"><enum>(A)</enum><text>shall be completed
by a verifier accredited in accordance with paragraph (3); and</text>
</subparagraph><subparagraph id="H5A0641F06EEF4C37924D155B00EC4476"><enum>(B)</enum><text>shall be developed
taking into consideration—</text>
<clause id="H5B41643C523E4A27A52181429B70E0CB"><enum>(i)</enum><text>the information
and methodology contained within any monitoring and quantification plan
submitted under section 744(a)(1)(A);</text>
</clause><clause id="HC59E5E6F95E64C339DF5A01F46FB755E"><enum>(ii)</enum><text>data and
subsequent analysis of the offset project, including—</text>
<subclause id="HBE6927DDE2D94A7897A68EDCF5E9C951"><enum>(I)</enum><text>quantification of
net emission reductions or increases in biological sequestration;</text>
</subclause><subclause id="H8D46498EF51A45FEBBE09C7C01A064AE"><enum>(II)</enum><text>determination of
additionality;</text>
</subclause><subclause id="HA95A2A66C3E247B9B79D9E4B63F45968"><enum>(III)</enum><text>calculation of
leakage;</text>
</subclause><subclause id="HBC1595735ADA4745BD5FECF8C7451FB4"><enum>(IV)</enum><text>assessment of
permanence;</text>
</subclause><subclause id="H8BF8F0EFCCA646A49ED0035CED265C7C"><enum>(V)</enum><text>discounting for
uncertainty; and</text>
</subclause><subclause id="HF2BAD919348D48569EE3D03E892B5E06"><enum>(VI)</enum><text>the adjustment of
net emission reductions or increases in biological sequestration by the
discounts determined under clauses (II) through (V); and</text>
</subclause></clause><clause id="H2B8A7BBF81AE4FD4A0FAEAB0C512B6CE"><enum>(iii)</enum><text>subject to the
requirements of this subtitle, any other information identified by the
Administrator as being necessary to achieve the purposes of this
subtitle.</text>
</clause></subparagraph></paragraph><paragraph id="H719B66328397435CAE7B34DE00920491"><enum>(2)</enum><header>Verification
report requirements</header><text>The Administrator shall specify the required
components of a verification report, including—</text>
<subparagraph id="HBBCEB818053E435691EC697C5C00F762"><enum>(A)</enum><text>the quantity of
offsets generated;</text>
</subparagraph><subparagraph id="H0EED41F2791845D3958F1FF2FC006E6C"><enum>(B)</enum><text>the amount of
discounts applied;</text>
</subparagraph><subparagraph id="HF8A7D6980611420400E705B7A4687695"><enum>(C)</enum><text>an assessment of
methods (and the appropriateness of those methods);</text>
</subparagraph><subparagraph id="H1A69E18C484B49A99DB8FC5BD6D39ECC"><enum>(D)</enum><text>an assessment of
quantitative errors or omissions (and the effect of the errors or omissions on
offsets);</text>
</subparagraph><subparagraph id="H18AEB63A9E604D5AA45CF9630746851B"><enum>(E)</enum><text>any potential
conflicts of interest between a verifier and project developer; and</text>
</subparagraph><subparagraph id="H12C30A66D8E040D8BA3E37B1BBD05807"><enum>(F)</enum><text>any other
provision that the Administrator considers to be necessary to achieve the
purposes of this subtitle.</text>
</subparagraph></paragraph><paragraph id="H1BAACFC74A1046CC00D0904406DF708F"><enum>(3)</enum><header>Verifier
accreditation</header>
<subparagraph id="H0B0939A102D54F189662FB5DC29B8135"><enum>(A)</enum><header>In
general</header><text>Not later than 18 months after the date of enactment of
this title, the Administrator shall promulgate regulations establishing a
process and requirements for accreditation of third-party verifiers to ensure
that such verifiers are professionally qualified and have no conflicts of
interest.</text>
</subparagraph><subparagraph id="HCAB41CD3E772481FB2E05604D0461D00"><enum>(B)</enum><header>Public
accessibility</header><text>Each verifier meeting the requirements for
accreditation in accordance with this paragraph shall be listed in a publicly
accessible database, which shall be maintained and updated by the
Administrator.</text>
</subparagraph></paragraph></subsection><subsection id="H6B2AD84A6AFA4F7E8B4321F6D71E4799"><enum>(c)</enum><header>Registration and
awarding of offsets</header>
<paragraph id="HF665E43D35D241178CCD30B816CCF00"><enum>(1)</enum><header>In
general</header><text>Not later than 90 days after the date on which the
Administrator receives a verification report required under subsection (b), the
Administrator shall—</text>
<subparagraph id="H9CE2B9BB87D04082B0B2C47303A36B21"><enum>(A)</enum><text>determine whether
the offsets satisfy the applicable requirements of this subtitle; and</text>
</subparagraph><subparagraph id="HB4F1A21D7F3C4AA3B79F558FE54635AB"><enum>(B)</enum><text>notify the project
developer of that determination.</text>
</subparagraph></paragraph><paragraph id="H55AFDC6C38F144F4B3E9E74D168BC76E"><enum>(2)</enum><header>Affirmative
determination</header><text>In the case of an affirmative determination under
paragraph (1), the Administrator shall—</text>
<subparagraph id="HDD13D5C646114DF4B4420607D68E7FE4"><enum>(A)</enum><text>assign a unique
serial number to each offset credit to be issued;</text>
</subparagraph><subparagraph id="HA48A78BDECDE435E87240050DBA82100"><enum>(B)</enum><text>register the
offset credits, together with—</text>
<clause id="H07AD78ACB41444188CAD2E47FDB16F59"><enum>(i)</enum><text>a
verification report issued pursuant to this section; and</text>
</clause><clause id="HECFF13CCE8854E75AE32B1C7B260E768"><enum>(ii)</enum><text>any other
information identified by the Administrator as being necessary to achieve the
purposes of this subtitle; and</text>
</clause></subparagraph><subparagraph id="HC6F441F3E27C4C1AB06E34A02539FDB6"><enum>(C)</enum><text>issue the offset
credits.</text>
</subparagraph></paragraph><paragraph id="H786DE147EBA24CAB82A084482889623F"><enum>(3)</enum><header>Appeal and
review</header><text>The Administrator shall establish mechanisms for the
appeal and review of determinations made under this subsection.</text>
</paragraph></subsection></section><section id="HC8D92EB710BD413B9265F6003C38AFDD"><enum>746.</enum><header>Audits</header>
<subsection id="HECC22608959046A29F7085A007E16B16"><enum>(a)</enum><header>Regulations</header><text>Not
later than 2 years after the date of enactment of this title, the Administrator
shall promulgate regulations governing the auditing of offset projects and
credits.</text>
</subsection><subsection id="H8E6AA260DAAB4B0C808117D9170295C5"><enum>(b)</enum><header>Requirements</header><text>The
regulations promulgated under this section shall specifically consider—</text>
<paragraph id="H64F1D2BBD5D04CA3AEDD5B2EA500EE00"><enum>(1)</enum><text>principles for
initiating and conducting audits;</text>
</paragraph><paragraph id="H9E8DB58D5BA94BDF88C44D40CE759367"><enum>(2)</enum><text>the type or scope
of audits, including—</text>
<subparagraph id="H9E57A5229ADC4E51A8740585CF4013CD"><enum>(A)</enum><text>reporting and
recordkeeping; and</text>
</subparagraph><subparagraph id="HE52E59EC1FB34E0CBF38987B57896462"><enum>(B)</enum><text>site review or
visitation;</text>
</subparagraph></paragraph><paragraph id="H43189FFFE2C845B886F92C3CF027F226"><enum>(3)</enum><text>the rights and
privileges of an audited party; and</text>
</paragraph><paragraph id="H90CEB7419C57423A8F19ABB9EE8A216"><enum>(4)</enum><text>the establishment
of an appeal process.</text>
</paragraph></subsection></section><section id="HC6C73827B1AB4643846EEC113D478900"><enum>747.</enum><header>Timing and the
provision of offset credits</header>
<subsection id="HBD1E2B2573A4407EA39DD6675D7131C9"><enum>(a)</enum><header>Initiation of
offset projects</header><text>An offset project that commences operation on or
after the effective date of regulations promulgated under section 741(a) shall
be eligible to generate offset credits under this subtitle only if the offset
project meets the other applicable requirements of this subtitle.</text>
</subsection><subsection id="H75EAEFAEE15546139073E87D7AF59F"><enum>(b)</enum><header>Pre-existing
projects</header>
<paragraph id="H4A9426C4CB2748D5B2411316B8AA0306"><enum>(1)</enum><header>In
general</header><text>Subject to paragraph (2), the Administrator may issue
offset credits under this subtitle for offset projects that, as of the
effective date of regulations promulgated under section 741(a), are registered
under or meet the standards of the Climate Registry, the California Action
Registry, the GHG Registry, the Chicago Climate Exchange, the GHG CleanProjects
Registry, or any other Federal, State, or private reporting programs or
registries if the Administrator determines that such offset projects satisfy
the applicable requirements of this subtitle.</text>
</paragraph><paragraph id="H1F77933F23774BB189983ECFF214E6DD"><enum>(2)</enum><header>Limitation</header><text>Offset
credits shall be issued under this subtitle only for reductions in emissions or
increases in biological sequestration that occur after the date of promulgation
of regulations under section 741(a).</text>
</paragraph></subsection></section><section id="H1170D2271A3B4117811E20CB64514E87"><enum>748.</enum><header>Environmental
considerations</header>
<subsection id="HABA89F2A6CC44DB2B35696536FEC001D"><enum>(a)</enum><header>Coordination To
minimize negative effects</header><text>In promulgating and implementing
regulations under this subtitle, the Administrator shall act (including by
rejecting projects, if necessary) to avoid or minimize, to the maximum extent
practicable, adverse effects on human health or the environment resulting from
the implementation of offset projects under this subtitle.</text>
</subsection><subsection id="H82049CBA5BF54913A489630218E97F2"><enum>(b)</enum><header>Use of native
tree species in afforestation and reforestation projects</header><text>Not
later than 18 months after the date of enactment of this title, the
Administrator shall promulgate regulations for the selection and use of tree
species in afforestation and reforestation offset projects—</text>
<paragraph id="H48C200238CB2472D9D5087ECE5100527"><enum>(1)</enum><text>to ensure native
species are given primary consideration in such projects;</text>
</paragraph><paragraph id="H43CD7B6C8C14407D8CBD5B3FFDD539B0"><enum>(2)</enum><text>to prohibit the
use of federally-designated or State-designated noxious weeds; and</text>
</paragraph><paragraph id="H35428F1867B54DABB0000982E4BCE5C8"><enum>(3)</enum><text>to prohibit the
use of a species listed by a regional or State invasive plant council within
the applicable region or State.</text>
</paragraph></subsection></section><section id="H6AFAF659FB9A41778EE29C080066997B"><enum>749.</enum><header>Ownership and
transfer of offset credits</header>
<subsection id="HE43E4A2A91904A06A7828756F94DE57E"><enum>(a)</enum><header>Ownership</header><text>Initial
ownership of an offset credit shall lie with a project developer, unless
otherwise specified in a legally-binding contract or agreement.</text>
</subsection><subsection id="H4AE1C65B1D824FEB00418685A3DCCF1B"><enum>(b)</enum><header>Transferability</header><text>An
offset credit generated pursuant to this subtitle may be sold, traded, or
transferred, on the conditions that—</text>
<paragraph id="HBC358566322C42308648CE8B20394B68"><enum>(1)</enum><text>the offset credit
has not expired or been retired or canceled; and</text>
</paragraph><paragraph id="HB3612ABEF30B431FAC3CD6899FECC925"><enum>(2)</enum><text>liability and
responsibility for mitigating and compensating for reversals of registered
offset credits is specified in accordance with such rules as the Administrator
may prescribe.</text>
</paragraph></subsection></section></subtitle><subtitle id="H6D12F71AA650432EAB194121192DC978"><enum>F</enum><header>International
Emission Allowances and Offset Credits</header>
<section id="HD5719AB2FBAC4C26A4BCC9AAFB719E6E"><enum>751.</enum><header>International
emission allowances</header>
<subsection id="H3D67F12F2C374E60BD8B6981899D9967"><enum>(a)</enum><header>Regulations</header><text>Not
later than 2 years after the date of enactment of this title, the Administrator
shall promulgate regulations providing for the approval of qualifying
international emission allowances for submission under section 712 or section
765.</text>
</subsection><subsection id="HABD7A785D9B34C6090FACCCAE7F77823"><enum>(b)</enum><header>Requirements</header><text>The
regulations promulgated under subsection (a) shall require that, in order to be
approved for use under this title, an international emission allowance must be
issued by a governmental program that is at least as stringent as the program
established by this title, including comparable monitoring, compliance, and
enforcement.</text>
</subsection></section><section id="H30F73C2EAFA547F69291F37846F618B8"><enum>752.</enum><header>International
offset credits</header>
<subsection id="H2A9F107AF55A4149AF3CB2D7F0FE95CA"><enum>(a)</enum><header>Regulations</header><text>The
Administrator shall, following the promulgation of regulations governing
domestic offset allowances under subtitle E of this title, promulgate
regulations providing for the approval of categories or subcategories of
qualifying international offset credits for submission under section 712 or
section 765.</text>
</subsection><subsection id="H8561AD2A8E64424BAC7DD8B4253D5C27"><enum>(b)</enum><header>Requirements</header><text>The
regulations promulgated under subsection (a) shall require that, in order for a
category or subcategory of international offset credits to be approved for use
under this title—</text>
<paragraph id="HA1A4FE147456488BB47BEEE9034EF2D9"><enum>(1)</enum><text>such international
offset credits shall not have been awarded based on land use, land use change,
or forestry activities;</text>
</paragraph><paragraph id="H40AAE16A0B5A485FB1E687FAD00C2C6"><enum>(2)</enum><text>such international
offset credits have not been awarded based on the destruction of
hydrofluorocarbons;</text>
</paragraph><paragraph id="HC29DA6F6605A4D0596D500765FB698AC"><enum>(3)</enum><text>the methods,
protocols, and standards for approval of such international offset credits
shall be at least as stringent as the methods, protocols, and standards
applicable to offset allowances issued under subtitle E of this title, except
that the listing of eligible project types in section 742 shall not apply to
this section; and</text>
</paragraph><paragraph id="H55CACB9C783142739090EEBC5976D22B"><enum>(4)</enum><text>the foreign
country in which the project that generated the international offset credits
was carried out—</text>
<subparagraph id="H36E7791E85134CEC84C93000EFCBF8F"><enum>(A)</enum><text>has taken
comparable action to reduce greenhouse gas emissions within that country, as
determined by the President pursuant to section 764(b);</text>
</subparagraph><subparagraph id="H036FA883145E41E1831F74819D84D96E"><enum>(B)</enum><text>was responsible,
in the most recent calendar year for which emissions data is available, for
less than 0.5 percent of total global greenhouse gas emissions; or</text>
</subparagraph><subparagraph id="HB0AB87AE535B4D8C84B0BACEB87DCAB"><enum>(C)</enum><text>is identified by
the United Nations as among the least developed of developing countries.</text>
</subparagraph></paragraph></subsection></section><section display-inline="no-display-inline" id="HD0526133663B4C159CA501D4BB6BBFCA" section-type="subsequent-section"><enum>753.</enum><header>Retirement</header>
<subsection id="HAA4F9A230C1F43D492344159EAE33CB1"><enum>(a)</enum><header>Entity
certification</header><text>The owner or operator of an entity that submits an
international emission allowance or international offset credit under section
712 or section 765 shall certify to the Administrator that such international
emission allowance or international offset credit has not previously been used
to comply with any foreign or international greenhouse gas regulatory
program.</text>
</subsection><subsection id="H020C91AF26894858935668AE42E7FE7C"><enum>(b)</enum><header>Retirement</header>
<paragraph id="H1A8427BCCEE34B6884D371009D8F22AD"><enum>(1)</enum><header>Foreign and
international regulatory entities</header><text>The Administrator shall seek,
by whatever means appropriate, to ensure that any relevant foreign and
international regulatory entities—</text>
<subparagraph id="H0F3BE8ED73C44020972253CD744DFED"><enum>(A)</enum><text>are notified of the
submission, for purposes of compliance with this title, of any international
emission allowance or international offset credit; and</text>
</subparagraph><subparagraph id="H2344085E835F40889B3EB4A0DAC9E937"><enum>(B)</enum><text>provide for the
disqualification of such international emission allowance or international
offset credit for any subsequent use under the relevant foreign or
international greenhouse gas regulatory program, regardless of whether such use
is a sale, exchange, or submission to satisfy a compliance obligation.</text>
</subparagraph></paragraph><paragraph id="H1FBA5940AD6347C88435077C47BEA5A0"><enum>(2)</enum><header>Disqualification
from further use</header><text>The Administrator shall ensure that, once an
international emission allowance or international offset credit has been
submitted for purposes of compliance with this title, such allowance or credit
shall be disqualified from any further use under this title.</text>
</paragraph></subsection></section></subtitle><subtitle id="H80A8694EDAD947AEBFA339D80761C391"><enum>G</enum><header>Global Effort To
Reduce Greenhouse Gas Emissions</header>
<section id="H79E344697B48439BBE5CD2D2F86022D8"><enum>761.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="HAA4B101B23F748809830EA9C7523D4C7"><enum>(1)</enum><header>Comparable
action</header><text>The term <quote>comparable action</quote> means any
greenhouse gas regulatory programs, requirements, and other measures adopted by
a foreign country that, in combination, are at least comparable in effect to
actions carried out by the United States to limit greenhouse gas emissions
pursuant to this Act, as determined by the President, taking into consideration
the level of economic development of the foreign country.</text>
</paragraph><paragraph id="H9279BD34E3D1467EA4FCA48FF52E97C"><enum>(2)</enum><header>Compliance
year</header><text>The term <quote>compliance year</quote> means each calendar
year for which the requirements of this title apply to a category or
subcategory of trade-exposed primary goods produced in a covered foreign
country that is imported into the United States.</text>
</paragraph><paragraph id="HE985AD519D9B4AF5BE7677B31668CF76"><enum>(3)</enum><header>Covered foreign
country</header><text>The term <quote>covered foreign country</quote> means a
foreign country that is included on the covered list prepared under section
765(b)(3).</text>
</paragraph><paragraph id="H105BF8DB3A464508A7028EB7E13B764B"><enum>(4)</enum><header>Foreign
country</header><text>The term <quote>foreign country</quote> means a member
of, or observer government to, the World Trade Organization, other than the
United States.</text>
</paragraph><paragraph id="HC656D385DBA54F239EE826FF62F78BF7"><enum>(5)</enum><header>Indirect
greenhouse gas emissions</header><text>The term <quote>indirect greenhouse gas
emissions</quote> means any emissions of a greenhouse gas resulting from the
generation of electricity that is consumed during the manufacture of a
good.</text>
</paragraph><paragraph id="H83CF2A773BE54D8E8B9E0587B1534158"><enum>(6)</enum><header>International
agreement</header><text>The term <quote>international agreement</quote> means
any international agreement to which the United States is a party, including
the Marrakesh agreement establishing the World Trade Organization, done at
Marrakesh on April 15, 1994.</text>
</paragraph><paragraph id="H8CD864C0B14949088D009F8525023C14"><enum>(7)</enum><header>Trade-exposed
primary good</header><text display-inline="yes-display-inline">The term
<quote>trade-exposed primary good</quote> has the meaning given that term in
section 723(a)(6).</text>
</paragraph><paragraph id="HC9453A6748D2439200122D1DD251DCD9"><enum>(8)</enum><header>United States
importer</header><text>The term <quote>United States importer</quote> means an
entity that imports into the United States a trade-exposed primary good
produced in a covered foreign country.</text>
</paragraph></section><section id="HA3C2047E598D4640B28D40F2DA21DDD2"><enum>762.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of this subtitle are—</text>
<paragraph id="HF0543E2E07684168954433CBC39692B9"><enum>(1)</enum><text>to promote a
strong global effort to significantly reduce greenhouse gas emissions;</text>
</paragraph><paragraph id="H4A1779652A2C417EBBCFD40549E507C1"><enum>(2)</enum><text>to ensure, to the
maximum extent practicable, that greenhouse gas emissions occurring outside the
United States do not undermine the environmental objectives of the United
States in addressing global climate change; and</text>
</paragraph><paragraph id="H78959ED86DD74798AA42ECABA4E81C28"><enum>(3)</enum><text>to encourage
effective international action to achieve those objectives through—</text>
<subparagraph id="HE61A12BF75DB4773BE8D1961E5E5026C"><enum>(A)</enum><text>agreements
negotiated between the United States and foreign countries; and</text>
</subparagraph><subparagraph id="H01A2656F56C145D9ADD6F5103CC50916"><enum>(B)</enum><text>measures carried
out by the United States that comply with applicable international
agreements.</text>
</subparagraph></paragraph></section><section id="H10E70CA30FA2401D9E27F9CF9EA3C52F"><enum>763.</enum><header>International
negotiations</header>
<subsection id="H5888376FCDC645EEADA1AC4F15AE04FE"><enum>(a)</enum><header>Finding</header><text>Congress
finds that the purposes described in section 762 can be most effectively
addressed and achieved through agreements negotiated between the United States
and foreign countries.</text>
</subsection><subsection id="H04F942E67B534F0883B16D5BC25BDCF2"><enum>(b)</enum><header>Negotiating
objective</header>
<paragraph id="H11D0DD940BF747839D00921994F3735B"><enum>(1)</enum><header>Statement of
policy</header><text>It is the policy of the United States to work proactively
under the United Nations Framework Convention on Climate Change and in other
appropriate forums to establish binding agreements committing all major
greenhouse gas-emitting nations to contribute equitably to the reduction of
global greenhouse gas emissions.</text>
</paragraph><paragraph id="HE555EA84244F4F26A61D51BAFEAF6320"><enum>(2)</enum><header>Intent of
congress regarding objective</header><text>To the extent that the agreements
described in subsection (a) involve measures that will affect international
trade in any good or service, it is the intent of Congress that the negotiating
objective of the United States shall be to focus multilateral and bilateral
international agreements on the reduction of greenhouse gas emissions to
advance achievement of the purposes described in section 762.</text>
</paragraph></subsection><subsection id="H7EB6482298944DFD814680FA64AE9B2C"><enum>(c)</enum><header>Notification to
foreign countries</header>
<paragraph id="H4A07C45EA8EE4BF99C6362257EF1EF5E"><enum>(1)</enum><header>Requirement</header><text>Immediately
upon enactment of this Act, the President shall notify each foreign country of
the negotiating objective under subsection (b).</text>
</paragraph><paragraph id="H423C9731C59A46BD826E95D8A7E1C73B"><enum>(2)</enum><header>Request for
comparable action</header><text>Notification shall include a request that any
foreign country that would not otherwise be excluded under subparagraph (B) or
(C) of section 765(b)(2) take comparable action to limit greenhouse gas
emissions of the foreign country.</text>
</paragraph></subsection></section><section id="HE642B1480D154936ACB45027872814D1"><enum>764.</enum><header>Determination
of comparable action</header>
<subsection id="HCC866C31D8F548B8ADA38926E36EB9F1"><enum>(a)</enum><header>Interagency
review</header>
<paragraph id="HC36C0783950745D2BFE62801DB191537"><enum>(1)</enum><header>Interagency
group</header>
<subparagraph id="H9C55D1AB023B4D35858B55B3D95265C3"><enum>(A)</enum><header>Establishment</header><text>The
President shall establish an interagency group to carry out this
subsection.</text>
</subparagraph><subparagraph id="H33F7D5373AA54DC1ABDE9CD4F922D0C0"><enum>(B)</enum><header>Chairperson</header><text>The
chairperson of the interagency group established under subparagraph (A) shall
be the Secretary of State.</text>
</subparagraph><subparagraph id="H9DA5A6E590F941EE00B761CB57300B2"><enum>(C)</enum><header>Requirement</header><text>The
Administrator shall be a member of the interagency group.</text>
</subparagraph></paragraph><paragraph id="HA0F4C7233B6A45740073439341000724"><enum>(2)</enum><header>Determinations</header><text>The
interagency group established under paragraph (1)(A) shall determine whether,
and the extent to which, each foreign country has taken comparable action to
limit the greenhouse gas emissions of the foreign country.</text>
</paragraph><paragraph id="H5A39AB58002F4341BDBB9EA75955A704"><enum>(3)</enum><header>Report to
president</header><text>Not later than January 1, 2010, and annually
thereafter, the interagency group shall submit to the President a report
describing the determinations of the interagency group under paragraph
(2).</text>
</paragraph></subsection><subsection id="H2A667D2A80914F599D24EF2051E691FF"><enum>(b)</enum><header>Presidential
determinations</header><text>Not later than January 1, 2011, and annually
thereafter, the President shall—</text>
<paragraph id="HF55201D419C74885A28E2420ECA5F0FC"><enum>(1)</enum><text>determine whether
each foreign country has taken comparable action to limit the greenhouse gas
emissions of the foreign country, taking into consideration applicable reports
submitted under subsection (a)(3);</text>
</paragraph><paragraph id="HF282EAC8AB0640718DFF5402D0E2EDF2"><enum>(2)</enum><text>submit to Congress
an annual report describing the determinations of the President under paragraph
(1); and</text>
</paragraph><paragraph id="H38C9CF9882F849C28079EF53C9748FE"><enum>(3)</enum><text>publish the
determinations in the Federal Register.</text>
</paragraph></subsection></section><section id="HA863B75AB33B4A958723B4D51E7D3B7"><enum>765.</enum><header>International
reserve allowance program</header>
<subsection id="HB383E076F026458D8F009565429DB504"><enum>(a)</enum><header>Establishment</header>
<paragraph id="H3E4AE9AEFB1C4DB98F1C1045D6BF1C86"><enum>(1)</enum><header>In
general</header><text>The Administrator shall establish a program under which
the Administrator, during the 1-year period beginning on January 1, 2019, and
annually thereafter, shall offer for sale to United States importers
international reserve allowances in accordance with this subsection.</text>
</paragraph><paragraph id="H68A4FD89499A4DB1B14BB573E3DF7F3"><enum>(2)</enum><header>Source</header><text>International
reserve allowances under paragraph (1) shall be issued from a special reserve
of allowances that is separate from, and established in addition to, the
quantity of allowances established under section 711.</text>
</paragraph><paragraph id="HA56B100747614DEB80F5ADC63D042015"><enum>(3)</enum><header>Price</header><text>The
price of international reserve allowances shall be the fair market value of
emission allowances during the previous 12 months, as determined by the
Administrator.</text>
</paragraph><paragraph id="H9C4B2EB807564B2DAA1154001405D379"><enum>(4)</enum><header>Serial
number</header><text>The Administrator shall assign a unique serial number to
each international reserve allowance issued under this subsection.</text>
</paragraph><paragraph id="H632E7A299BED40D4B0E324D94654172B"><enum>(5)</enum><header>Trading
system</header><text>The Administrator may establish, by rule, a system for the
sale, exchange, purchase, and transfer of international reserve
allowances.</text>
</paragraph><paragraph id="H1000CEA5CB2046B3BFB8007411F16BED"><enum>(6)</enum><header>Covered
entities</header><text>International reserve allowances may not be submitted by
covered entities to comply with the allowance submission requirements of
section 712.</text>
</paragraph><paragraph id="H518E316A45BB4E4793532B8D3B951960"><enum>(7)</enum><header>Proceeds</header><text>All
proceeds from the sale of international reserve allowances under this
subsection shall be deposited in the International Clean Technology Fund
established under section 722(a).</text>
</paragraph></subsection><subsection id="HDC59F784D53245F291B4000500C3509D"><enum>(b)</enum><header>Foreign country
lists</header>
<paragraph id="H49F443A583864AA7BA92D5CB9B2DB79C"><enum>(1)</enum><header>In
general</header><text>Not later than January 1, 2019, and annually thereafter,
the President shall develop and publish in the Federal Register, together with
the determinations under section 764(b), 2 lists of foreign countries, in
accordance with this subsection.</text>
</paragraph><paragraph id="H342A61F895524A32BDF2A35660DDCE65"><enum>(2)</enum><header>Excluded
list</header><text>The President shall identify and publish in a list, to be
known as the <quote>excluded list</quote>—</text>
<subparagraph id="H03D30AD71F9449FC95EB9540B8741E04"><enum>(A)</enum><text>each foreign
country determined by the President under section 764(b)(1) to have taken
comparable action to limit the greenhouse gas emissions of the foreign
country;</text>
</subparagraph><subparagraph id="HBFD7CE1E08D84826AABD66CDA711A74E"><enum>(B)</enum><text>each foreign
country determined by the President to be responsible for less than 0.5 percent
of total global greenhouse gas emissions for the most recent calendar year for
which emissions and other relevant data are available; and</text>
</subparagraph><subparagraph id="HC4A6BF1F7DB84A09A1BE006C99779DF5"><enum>(C)</enum><text>each foreign
country the United Nations has identified as among the least-developed of
developing countries.</text>
</subparagraph></paragraph><paragraph id="H5983670C080749859B53DB250081D544"><enum>(3)</enum><header>Covered
list</header><text>The President shall identify and publish in a list, to be
known as the <quote>covered list</quote>, each foreign country that is not
included on the excluded list under paragraph (2).</text>
</paragraph></subsection><subsection id="H7C50AD9A69F34764B576BBF29DE6C7FB"><enum>(c)</enum><header>Written
declarations</header>
<paragraph id="H05C2A18C5DAF4FA3B709AECC4D27D28"><enum>(1)</enum><header>In
general</header><text>Effective beginning January 1, 2020, a United States
importer shall, as a condition of importation or withdrawal for consumption
from a warehouse of a trade-exposed primary good, submit to the Administrator
and the appropriate office of U.S. Customs and Border Protection a written
declaration with respect to each such importation or withdrawal.</text>
</paragraph><paragraph id="H0EDFF8AFFD014AC99612F6C0895F4BDA"><enum>(2)</enum><header>Contents</header><text>A
written declaration under paragraph (1) shall contain a statement that—</text>
<subparagraph id="HA3E8D0F9FA024775BE316DF762333F28"><enum>(A)</enum><text>the applicable
trade-exposed primary good is accompanied by a sufficient number of
international reserve allowances, as determined under subsection (d); or</text>
</subparagraph><subparagraph id="H5F3B7BABC4964B3C8C6ECBA2237B77B7"><enum>(B)</enum><text display-inline="yes-display-inline">the trade-exposed primary good was produced
in a foreign country on the excluded list published under subsection
(b)(2).</text>
</subparagraph></paragraph><paragraph id="HCFBC639AD9384D46849C91E9381CB6E9"><enum>(3)</enum><header>Inclusion</header><text>A
written declaration under paragraph (1) shall include the unique serial number
of each international reserve allowance associated with the importation of the
applicable trade-exposed primary good.</text>
</paragraph><paragraph id="H8F504821F9CA4E6FAA869E53DC917FB6"><enum>(4)</enum><header>Failure to
declare</header><text>An imported trade-exposed primary good produced in a
covered foreign country that is not accompanied by a written declaration under
this subsection shall not be permitted to enter the customs territory of the
United States.</text>
</paragraph><paragraph id="HB886A6B912E64094A7CBBC164F3CE7E2"><enum>(5)</enum><header>Corrected
declaration</header>
<subparagraph id="H8469C0EE54BA42B29DFCFC64903650D8"><enum>(A)</enum><header>In
general</header><text>If, after making a declaration required under this
subsection, an importer has reason to believe that the declaration contains
information that is not correct, the importer shall provide a corrected
declaration by not later than 30 days after the date of discovery of the error,
in accordance with subparagraph (B).</text>
</subparagraph><subparagraph id="HE24314C477624C08B3A4AB21D1015C04"><enum>(B)</enum><header>Method</header><text>A
corrected declaration under subparagraph (A) shall be in the form of a letter
or other written statement to the Administrator and the office of U.S. Customs
and Border Protection to which the original declaration was submitted.</text>
</subparagraph></paragraph></subsection><subsection id="H7421B06F154A41DD8E3F7E0070FEA4CB"><enum>(d)</enum><header>Quantity of
allowances required</header>
<paragraph commented="no" id="H428B85D773F7430EB719EC7100C3E295"><enum>(1)</enum><header>Methodology</header><text>Not
later than January 1, 2018, the Administrator shall establish, by rule, a
method for calculating the required number of international reserve allowances
per unit of trade-exposed primary good that a United States importer must
submit, together with a written declaration under subsection (c), for each
category or subcategory of trade-exposed primary goods produced in each covered
foreign country.</text>
</paragraph><paragraph id="HEB85A17C8BFA46FA83FC0000F9C3DDA7"><enum>(2)</enum><header>Initial
compliance year</header>
<subparagraph id="H8FCBB57E16B646B082F7C2C019EF00FB"><enum>(A)</enum><header>In
general</header><text display-inline="yes-display-inline">Subject to
subparagraph (B), the methodology under paragraph (1) shall establish an
international reserve allowance requirement (per unit imported into the United
States) for the initial compliance year for each category or subcategory of
trade-exposed primary goods produced in each covered foreign country that is
equal to the quotient obtained by dividing—</text>
<clause id="HBE2E596558D44281BA3945E578D37919"><enum>(i)</enum><text>the total
greenhouse gas emissions (including indirect greenhouse gas emissions) from the
covered foreign country that are attributable to the category or subcategory of
trade-exposed primary goods produced in that country during the most recent
year for which data are available; by</text>
</clause><clause id="H3BDF8096B5B6458699D71570B3F608B2"><enum>(ii)</enum><text>the total
quantity of the category or subcategory of trade-exposed primary good produced
in the covered foreign country during the same calendar year.</text>
</clause></subparagraph><subparagraph id="H5A02176F6C4C4ABE90212E434B4600A"><enum>(B)</enum><header>Adjustments</header><text>The
Administrator shall adjust the requirement under subparagraph (A) to take into
account the level of economic development of the covered foreign country in
which the trade-exposed primary goods were produced.</text>
</subparagraph></paragraph><paragraph id="H113338CDC0F042968301DD701063E733"><enum>(3)</enum><header>Subsequent
compliance years</header><text display-inline="yes-display-inline">For each
subsequent compliance year, the Administrator shall revise the international
reserve allowance requirement applicable to each category or subcategory of
imported trade-exposed primary goods produced in each covered foreign country
to reflect changes in the factors described in paragraph (2).</text>
</paragraph><paragraph id="H11CDCE7C68BC4B5FBDC404E5897201C"><enum>(4)</enum><header>Publication</header><text display-inline="yes-display-inline">Not later than 90 days before the beginning
of each compliance year, the Administrator shall publish in the Federal
Register a schedule describing the required number of international reserve
allowances for each category or subcategory of imported trade-exposed primary
goods produced in each covered foreign country, as calculated under this
subsection.</text>
</paragraph></subsection><subsection id="HFD48914042C44EA3A3F6B8D9A8090044"><enum>(e)</enum><header>International
emission allowances and offset credits</header><text>A United States importer
may satisfy up to 15 percent of its obligation under this section by
submitting, in lieu of an international reserve allowance, an international
emission allowance approved by the Administrator under section 751 or an
international offset credit approved by the Administrator under section
752.</text>
</subsection><subsection id="H1B8FA5814ECF4023B5FBAE49066DE3E5"><enum>(f)</enum><header>Retirement of
allowances</header><text>The Administrator shall retire each international
reserve allowance submitted to achieve compliance with this section. Treatment
of international allowances and international offset credits submitted under
this section shall be governed by section 753.</text>
</subsection><subsection id="H2A00BAEA1C9E4623B7B968F7A9002FDF"><enum>(g)</enum><header>Consistency with
international agreements</header><text display-inline="yes-display-inline">The
Administrator, in consultation with the Secretary of State, shall adjust the
international reserve allowance requirements established under this section
(including the quantity of international reserve allowances required for each
category or subcategory of trade-exposed primary goods produced in a covered
foreign country) as the Administrator determines to be necessary to ensure that
the United States complies with all applicable international agreements.</text>
</subsection><subsection id="H432F9FA8AEEC474799CFBAE2D98CEAFE"><enum>(h)</enum><header>Final
regulations</header><text>Not later than January 1, 2018, the Administrator
shall promulgate such regulations as the Administrator determines to be
necessary to carry out this section.</text>
</subsection></section><section id="H38A233D81A8E4708A200A07469187C20"><enum>766.</enum><header>Adjustment of
international reserve allowance requirements</header>
<subsection id="HFF42EA4045394C69B93200DFCE18AC2"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Not later than
January 1, 2023, and annually thereafter, the President shall prepare and
submit to Congress a report that assesses the effectiveness of the applicable
international reserve allowance requirements under section 765 with respect to
the trade-exposed primary goods produced in each covered foreign
country.</text>
</subsection><subsection id="HE98AC98007D84FC48F4C1D3B32F9EA8E"><enum>(b)</enum><header>Inadequate
requirements</header><text>If the President determines that an applicable
international reserve allowance requirement is not adequate to achieve the
purposes of this subtitle, the President, simultaneously with the submission of
the report under subsection (a), shall—</text>
<paragraph id="HA297C1186F3243F1B1C480CA3EB18CF2"><enum>(1)</enum><text>adjust the
requirement; or</text>
</paragraph><paragraph id="HCE7DB5EF8E9943CCBDE2E599E1885D5"><enum>(2)</enum><text>take such other
action as the President is authorized to take by law and determines to be
necessary to improve the effectiveness of the requirement, in accordance with
all applicable international agreements.</text>
</paragraph></subsection><subsection commented="no" id="HD7235FC82EFC466FA67BD58867B2A588"><enum>(c)</enum><header>Effective
date</header><text>An adjustment under subsection (b)(1) shall take effect
beginning on January 1 of a compliance year, as determined by the
President.</text>
</subsection></section></subtitle><subtitle id="HE852D83BD3F24E6085A9DEBE9F152C"><enum>H</enum><header>Standards for
Noncovered Facilities and Coal-Fired Power Plants </header>
<section id="HF8B494589B94479081EB55CD9B659C01" section-type="subsequent-section"><enum>771.</enum><header>Performance
standards for certain sources that are not covered entities</header>
<subsection id="HD1157BB0CA9E442CACC3B6CCC5CAEB38"><enum>(a)</enum><header>Definition</header><text display-inline="yes-display-inline">For purposes of this section, the term
<quote>performance standard source</quote> means a stationary source of methane
or nitrous oxide emissions that are not covered by the compliance requirements
of section 712 and that exceed 10,000 carbon dioxide equivalents per year,
including coal mines, landfills, wastewater treatment operations, and animal
feeding operations. Such term shall not include sources of emissions from
agricultural soil management, rice cultivation, field burning of agricultural
residues, or management of forest lands.</text>
</subsection><subsection id="H2A520AEBCD324AD4B18C669185E752AB"><enum>(b)</enum><header>List of
categories</header><text>Not later than 90 days after the date of enactment of
this title, the Administrator shall publish a list of all categories or
subcategories of performance standard sources subject to the requirements of
this section. The Administrator shall review such list at least once every 5
years, and shall revise the list as necessary.</text>
</subsection><subsection id="HE2F67A27BE2648549F4DC0CD5C4EC8C"><enum>(c)</enum><header>Rulemaking</header><text display-inline="yes-display-inline">Not later than 2 years after initial
publication of the list under subsection (b), the Administrator shall issue a
final rule for each category or subcategory of performance standard sources
requiring such sources to operate in conformance with the standards established
under subsection (d). Such rules shall establish compliance dates for each
category or subcategory listed under subsection (b), which shall be no later
than 3 years after the issuance of the rule under this subsection. The
Administrator shall, not less often than every 8 years, review and, as
necessary, revise the rules issued under this subsection, taking into account
developments in practices, processes, and control technologies.</text>
</subsection><subsection id="HE588EF83C2C045C0B04D26F7E8059B27"><enum>(d)</enum><header>Standards</header>
<paragraph id="H1B8E501F299C4FAFA978EA6847438536"><enum>(1)</enum><header>Establishment</header><text display-inline="yes-display-inline">The rules issued under subsection (c) shall
establish, for each category or subcategory of performance standard sources
listed under subsection (b), standards for the best available control
technologies and practices for reducing methane or nitrous oxide emissions from
sources in that category or subcategory.</text>
</paragraph><paragraph id="HDC24AC561A8A445F81C41D2D1506A1"><enum>(2)</enum><header>Considerations</header><text>In
establishing standards under paragraph (1), the Administrator shall
consider—</text>
<subparagraph id="H0F3AB65EF9AE428A002BEB81610009C"><enum>(A)</enum><text display-inline="yes-display-inline">compliance costs;</text>
</subparagraph><subparagraph id="HBBA6D61F1F4044C39F8CA2068F00087E"><enum>(B)</enum><text>health and
environmental impacts not associated with methane and nitrous oxide
emissions;</text>
</subparagraph><subparagraph id="H42D032FCDAE846F5B4D9175D002EABCE"><enum>(C)</enum><text>energy
requirements; and</text>
</subparagraph><subparagraph id="H4C380507495A4EC4BB277B82C9BCBB76"><enum>(D)</enum><text>technologies and
practices developed or used outside the United States.</text>
</subparagraph></paragraph><paragraph id="H7B8B9C6851864A7B82DA00B0B12DF46E"><enum>(3)</enum><header>New
sources</header><text display-inline="yes-display-inline">In establishing
standards under paragraph (1), the Administrator may impose stricter
requirements for new sources than for sources in existence before the issuance
of the rule under subsection (c).</text>
</paragraph><paragraph id="HFE0F544BDEDA4F53A10013013847E300"><enum>(4)</enum><header>Alternative
compliance threshold</header><text>The Administrator may establish an optional
alternative compliance threshold for a category or subcategory of performance
standard sources based on the volume or size of the source’s operations, where
such alternative threshold is demonstrated to be an accurate indicator of the
mass of methane and nitrous oxide emissions from the source and is equivalent
to a 10,000 carbon dioxide equivalent per year threshold.</text>
</paragraph><paragraph id="HEAA8ADD72A7247A2BBDA55725304E8C1"><enum>(5)</enum><header>Alternative
means of compliance</header><text>The Administrator may approve a request by an
owner or operator of a performance standard source to use an alternative means
of compliance with the requirements for such source under the applicable rule
issued under subsection (c) if such alternative will achieve a reduction in
emissions at least equal to reductions achieved under the performance standards
in the applicable rule.</text>
</paragraph></subsection><subsection id="HFB7A8FFE91D7490CA3DB0361BD90EFBB"><enum>(e)</enum><header>Rule of
construction</header><text display-inline="yes-display-inline">Nothing in this
section shall be construed to limit the Administrator’s duties or authority
under section 111 or any other section of this Act.</text>
</subsection></section><section id="HB8110042981E48A289BE0374043ED9BC"><enum>772.</enum><header>Performance
standards for new coal-fired power plants</header>
<subsection id="H13B52FD0322E4FEFBDC698F72B3B3642"><enum>(a)</enum><header>Covered EGUs
defined</header><text display-inline="yes-display-inline">For purposes of this
section, the term <quote>covered EGU</quote> means an electric generating unit
that—</text>
<paragraph id="HD58C6F62B52B4B8100670010D22250CF"><enum>(1)</enum><text>has a rated
capacity of 25 megawatts or more;</text>
</paragraph><paragraph id="HAA806F62C974400CA75065F380B8302D"><enum>(2)</enum><text>derives at least
50 percent of its annual fuel input from coal, petroleum coke, or any
combination of these fuels; and</text>
</paragraph><paragraph id="HFF73549E205041849F1DAFEFB100B4EA"><enum>(3)</enum><text>commences
construction on or after January 1, 2009.</text>
</paragraph></subsection><subsection id="H91D3C70B3D204BE2B108A1D0188741F6"><enum>(b)</enum><header>Standards of
emission performance for covered electric generating units</header>
<paragraph id="H6F77FB2C9A8745DFA6E2CF37FCABC5C"><enum>(1)</enum><header>Obligations of
covered EGUs</header><text>Each covered EGU shall achieve, on the compliance
schedule set forth in paragraph (2), either—</text>
<subparagraph id="HB047DD493D174945BE00D4829819E06B"><enum>(A)</enum><text display-inline="yes-display-inline">the capture and geological sequestration of
not less than 85 percent of the total carbon dioxide emissions produced by the
covered EGU on an annual average basis; or</text>
</subparagraph><subparagraph id="H57EB3F7B9A28491E88CF3D52DBF1FD03"><enum>(B)</enum><text>a greater rate of
capture and geological sequestration as established by regulations promulgated
by the Administrator under subsection (c), provided that such regulations were
promulgated prior to commencement of construction of the covered EGU.</text>
</subparagraph></paragraph><paragraph id="H211FA1CD5C0B419E94C518239565F258"><enum>(2)</enum><header>Compliance
schedule</header><subparagraph commented="no" display-inline="yes-display-inline" id="H873B9D7FF117461A874D43F6D4E77D6"><enum>(A)</enum><text>Covered EGUs that
commence operation prior to January 1, 2020, must be in compliance with the
emission performance standard applicable under regulations promulgated under
subsection (c) by either—</text>
<clause id="HE5FB1DAFF7034E7FB1E4FE00884B35D4" indent="up1"><enum>(i)</enum><text>January 1, 2016; or</text>
</clause><clause id="H9196591249DD463F98BB45A5A5C11641" indent="up1"><enum>(ii)</enum><text>four years after the covered EGU
commences operation,</text>
</clause></subparagraph><continuation-text continuation-text-level="paragraph">whichever
occurs later.</continuation-text><subparagraph id="HBA0A43928D9C47CC84EC9045B80AA87" indent="up1"><enum>(B)</enum><text>Any other covered EGU must be in
compliance with the emission performance standard on the date when it commences
operation except that, prior to January 1, 2025, such EGU may obtain a
compliance date extension of up to 18 months if the owner or operator can
demonstrate to the Administrator’s satisfaction that it is unable to meet the
emission performance standard because of technical infeasibility.</text>
</subparagraph></paragraph></subsection><subsection id="H6F3D4F8BDFF8463CA2FF14FBB7A2707C"><enum>(c)</enum><header>Regulations</header>
<paragraph id="HCE15405D6DA14CB0B8E3888A0A155E"><enum>(1)</enum><header>Initial
regulations</header><text display-inline="yes-display-inline">Not later than
180 days after the date of enactment of this title, the Administrator shall
promulgate regulations implementing the requirements of this section.</text>
</paragraph><paragraph id="H5CBCAAE509734B5B93F33116CADCB737"><enum>(2)</enum><header>Revised
regulations</header><text display-inline="yes-display-inline">Not later than
January 1, 2012, and at 5-year intervals thereafter, the Administrator shall,
by rule, increase the minimum rate of capture and geological sequestration of
carbon dioxide emissions under subsection (b)(1)(A) if the Administrator
determines that a greater rate of capture and geological sequestration is
achievable through the application of the best available control technology,
taking into account the cost of achieving such increase, energy impacts, and
any health and environmental impacts not associated with carbon dioxide
emissions.</text>
</paragraph></subsection></section></subtitle>.
102.
(a)Section 113 of the Clean Air Act (42 U.S.C.
7413) is amended as follows:
(1)In subsection (a)(3), by striking or
title VI,
and inserting title VI, or title VII,
.
(2)In subsection (b), by striking or a
major stationary source
and inserting a major stationary source,
or a covered entity under title VII,
in the material preceding
paragraph (1).
(3)In paragraph (2), by striking or
title VI
and inserting title VI, or title VII
.
(4)In subsection (c)—
(A)in the first sentence of paragraph (1), by
striking or title VI (relating to stratospheric ozone control),
and inserting title VI (relating to stratospheric ozone control), or
title VII (relating to reduction of greenhouse gas emissions),
;
and
(B)in the first sentence of paragraph (3), by
striking or VI
and inserting VI, or VII
.
(5)In subsection (d)(1)(B), by striking
or VI
and inserting VI, or VII
.
(6)In subsection (f), in the first sentence,
by striking or VI
and inserting VI, or
VII
.
(b)Inspections, monitoring, and
entrySection 114(a) of the
Clean Air Act (42 U.S.C. 7414(a)) is amended by striking section
112,
and all that follows through (ii)
and inserting the
following: section 112, any regulation of solid waste combustion under
section 129, or any regulation of greenhouse gas emissions under title VII,
(ii)
.
(c)Administrative proceedings and judicial
reviewSection 307 of the
Clean Air Act (42 U.S.C. 7607) is amended as follows:
(1)In subsection (a), by striking , or
section 306
and inserting section 306,or title VII
.
(2)In subsection (b)(1)—
(A)by striking ,,
and inserting
,
in each place such punctuation appears; and
(B)by striking section 120,
in
the first sentence and inserting section 120, any final action under
title VII,
.
(3)In subsection (d)(1) by amending
subparagraph (S) to read as follows:
(S)the promulgation or revision of any
regulation under title
VII,
.
103.Complementary
policies for hydrofluorocarbons
(a)National
recycling and emission reduction programSection 608 of the Clean
Air Act (42 U.S.C. 7671g) is amended as follows:
(1)By adding at the
end the following:
(d)Definition of
hydrofluorocarbon substituteIn this section, the term
hydrofluorocarbon substitute means a hydrofluorocarbon or other
greenhouse gas that has a global warming potential of more than 150 and that is
used in or for types of equipment, appliances, or processes that previously
relied on class I or class II
substances.
.
(2)In subsection (a),
by adding the following new paragraph at the end:
(4)(A)Not later than 1 year
after the date of enactment of this paragraph, the Administrator shall
promulgate regulations establishing standards and requirements regarding the
sale or distribution, or offer for sale and distribution in interstate
commerce, use, and disposal of hydrofluorocarbon substitutes for class I and
class II substances not covered by paragraph (1), including the use, recycling,
and disposal of those hydrofluorocarbon substitutes during the maintenance,
service, repair, or disposal of appliances and industrial process refrigeration
equipment.
(B)The standards and requirements
established under subparagraph (A) shall take effect not later than 1 year
after the date of promulgation of the
regulations.
.
(3)In subsection (b), by inserting and
hydrofluorocarbon substitutes for those substances
after
substances
in the matter preceding paragraph (1), by inserting
(or hydrofluorocarbon substitutes for those substances)
after
substances
in paragraph (1), and by inserting (or a
hydrofluorocarbon substitute for such substance)
after
substance
in paragraphs (2) and (3) in each place such term
appears.
(b)Servicing of
motor vehicle air conditionersSection 609 of the Clean Air Act
(42 U.S.C. 7671h) is amended as follows:
(1)In subsection (b),
by adding at the end the following:
(5)The term
hydrofluorocarbon substitute means a hydrofluorocarbon or other
greenhouse gas that has a global warming potential of more than 150 and that is
used in or for types of equipment, appliances, or processes that previously
relied on class I or class II
substances.
.
(2)In
subsection (e)—
(A)by striking
of Class I or Class II
Substances
in the subsection heading; and
(B)by adding at the
end the following: Effective beginning January 1, 2010, it shall be
unlawful for any person to sell or distribute, or offer for sale or
distribution, in interstate commerce to any person (other than a person
performing service for consideration on motor vehicle air-conditioning systems
in compliance with this section) any hydrofluorocarbon substitute that is
suitable for use in a motor vehicle air-conditioning system and that is in a
container that contains less than 20 pounds of the hydrofluorocarbon
substitute.
.
104.Waiver of
preemption for California greenhouse gas emission standards for
vehiclesSection 209 of the
Clean Air Act (42 U.S.C. 7543) is amended by adding at the end the
following:
(f)Notwithstanding
subsection (b) or any other provision of law, the application for a waiver of
preemption dated December 21, 2005, submitted to the Administrator pursuant to
subsection (b) by the State of California for regulations of that State to
control greenhouse gas emissions from motor vehicles shall be considered to be
approved.
.
105.
(a)Section
211(o)(1) of the Clean Air Act (42 U.S.C. 7545(o)(1)) is amended—
(1)by redesignating
subparagraphs (G) through (L) as subparagraphs (J) through (O),
respectively;
(2)by inserting after
subparagraph (F) the following:
(G)The term cultivated noxious plant
means a plant that is included on—
(i)the Federal
noxious weed list maintained by the Animal and Plant Health Inspection Service;
or
(ii)any comparable
State list.
(H)The term fuel emission baseline means the
average lifecycle greenhouse gas emissions per unit of energy of the aggregate
of all transportation fuels sold or introduced into commerce in calendar year
2005, as determined by the Administrator under paragraph (13).
(I)The term fuel provider includes, as the
Administrator determines to be appropriate, any individual or entity that
produces, refines, blends, or imports any transportation fuel in commerce in,
or into, the United States.
;
and
(3)by striking
subparagraph (O) (as redesignated by paragraph (1)) and inserting the
following:
(O)The term transportation fuel means fuel for use
in motor vehicles, nonroad vehicles, nonroad engines, or
aircraft.
.
(b)Section
211(o) of the Clean Air Act (42 U.S.C. 7545(o)) is amended by adding at the end
the following:
(13)Advanced clean
fuel performance standard
(A)Not later than January 1, 2010, the Administrator shall,
by regulation—
(i)establish a
methodology for use in determining the lifecycle greenhouse gas emissions per
unit of energy of all transportation fuels in commerce for which the
Administrator has not already established such a methodology; and
(ii)determine the
fuel emission baseline.
(B)Not later than January 1, 2010, the Administrator shall,
by regulation, establish a requirement applicable to transportation fuel
providers to reduce, on an annual average basis, the average lifecycle
greenhouse gas emissions per unit of energy of the aggregate quantity of
transportation fuel produced, refined, blended, or imported by the fuel
provider to a level that is, to the maximum extent practicable—
(i)by
not later than calendar year 2011 and in subsequent calendar years thereafter,
at least equal to or less than the fuel emission baseline;
(ii)by not later than
calendar year 2012, equivalent to the difference between the fuel emission
baseline and the lifecycle greenhouse gas emissions per unit of energy reduced
by the volumetric renewable fuel requirements of paragraph (2)(B);
(iii)by not later
than calendar year 2023, at least 5 percent less than the fuel emission
baseline; and
(iv)by not later than
calendar year 2028, at least 10 percent less than the fuel emission
baseline.
(C)Prevention of
air quality deterioration
(i)Not
later than 18 months after the date of enactment of this paragraph, the
Administrator shall complete a study to determine whether the greenhouse gas
emission reductions required under subparagraph (B) will adversely impact air
quality as a result of changes in vehicle and engine emissions of air
pollutants regulated under this Act.
(ii)The
study shall include consideration of different blend levels, types of
transportation fuels, and available vehicle technologies and appropriate
national, regional, and local air quality control measures.
(iii)Not
later than 3 years after the date of enactment of this paragraph, the
Administrator shall either—
(I)promulgate fuel
regulations to implement appropriate measures to mitigate, to the maximum
extent practicable and taking into consideration the results of the study
conducted under this clause, any adverse impacts on air quality as a result of
the greenhouse gas emission reductions required by this subsection; or
(II)make a
determination that no such measures are necessary.
(D)Performance
standard for calendar year 2033 and thereafterFor calendar year
2033, and every 5 years thereafter, the Administrator, in consultation with the
Secretary of Agriculture and the Secretary of Energy, shall revise the
applicable performance standard under subparagraph (B) to reduce, to the
maximum extent practicable, the average lifecycle greenhouse gas emissions per
unit of energy of the aggregate quantity of transportation fuel sold or
introduced into commerce in the United States.
(E)In accordance with the purposes of the
Investing in Climate Action and Protection
Act, the Administrator may, as appropriate, revise the
regulations promulgated under subparagraphs (A) and (B) as necessary to reflect
or respond to changes in the transportation fuel market or other relevant
circumstances.
(F)Method of
calculation for hydrogen and electricityIn calculating under
subparagraph (A)(i) the lifecycle greenhouse gas emissions of hydrogen or
electricity (when used as a transportation fuel), the Administrator
shall—
(i)include emission
resulting from the production of the hydrogen or electricity; and
(ii)consider the
energy delivered by—
(I)6.4 kilowatt-hours
of electricity;
(II)32 standard cubic
feet of hydrogen; or
(III)1.25 gallons of
liquid hydrogen,
to be
equivalent to the energy delivered by 1 gallon of ethanol.(G)Determination of
lifecycle greenhouse gas emissionsIn carrying out this
paragraph, the Administrator shall use the best available scientific and
technical information to determine the lifecycle greenhouse gas emissions per
unit of energy of transportation fuels derived from—
(i)renewable
biomass;
(ii)electricity,
including the entire lifecycle of the fuel;
(iii)1 or more fossil
fuels, including the entire lifecycle of the fuels; and
(iv)hydrogen,
including the entire lifecycle of the fuel.
(H)In carrying out this subparagraph, the Administrator
shall consider transportation fuel derived from cultivated noxious plants, and
transportation fuel derived from biomass sources other than renewable biomass,
to have emissions per unit of energy equivalent to the greater of—
(i)the lifecycle
greenhouse gas emissions of such transportation fuel; or
(ii)the fuel emission
baseline.
(I)An electricity provider may elect to participate in
the program under this paragraph if the electricity provider provides and
separately tracks electricity for transportation through a meter that—
(i)measures the
electricity used for transportation separately from electricity used for other
purposes; and
(ii)allows for load
management and time-of-use rates.
(J)
(i)The regulations promulgated to carry out this paragraph
shall permit fuel providers to generate credits for achieving, during a
calendar year, greater reductions in lifecycle greenhouse gas emissions of the
fuel provided, blended, or imported by the fuel provider than are required
under subparagraph (B).
(ii)The number of credits received by a fuel provider
under clause (i) for a calendar year shall be the product obtained by
multiplying the aggregate quantity of fuel produced, distributed, or imported
by the fuel provider during the calendar year by the difference between—
(I)the lifecycle
greenhouse gas emissions per unit of energy of that quantity of fuel;
and
(II)the maximum
lifecycle greenhouse gas emissions per unit of energy of that quantity of fuel
permitted for the calendar year under subparagraph (B).
(K)
(i)Each fuel provider subject to this paragraph shall
demonstrate compliance with this paragraph, including, as necessary, through
the use of credits generated, banked, or purchased.
(ii)No limitation
on trading or bankingThere shall be no limit on the ability of
any fuel provider to trade or bank credits pursuant to this
subparagraph.
(iii)A fuel provider may use banked credits under this
subparagraph with no discount or other adjustment to the credits.
(iv)Inability to
generate or purchase sufficient creditsA fuel provider that is
unable to generate or purchase sufficient credits to meet the requirements of
subparagraph (B) may carry the compliance deficit forward, subject to the
condition that the fuel provider, for the calendar year following the year for
which the deficit is created—
(I)achieves
compliance with subparagraph (B); and
(II)generates or
purchases additional credits to offset the deficit from the preceding calendar
year.
(v)To encourage innovation in transportation fuels—
(I)only credits
created in the production of transportation fuels may be used for the purpose
of compliance described in clause (i); and
(II)credits created
by or in other sectors, such as manufacturing, may not be used for that
purpose.
(L)Impact on food
productionNot later than 18 months after the date of enactment
of this paragraph, the Administrator shall evaluate and consider promulgating
regulations to address any significant impacts on access to, and production of,
food due to the sourcing and production of fuels used to comply with this
Act.
(M)No effect on State
authorityNothing in this paragraph affects the authority of any
State to establish, or to maintain in effect, any transportation fuel standard
that reduces greenhouse gas
emissions.
.
<enum>II</enum><header>CARBON MARKET
OVERSIGHT</header>
<section id="HBE75D6F3101C490A9DD6C4F7DB4831EA"><enum>201.</enum><header>Amendment of
Federal Power Act</header><text display-inline="no-display-inline">The Federal
Power Act (16 U.S.C. 791a and following) is amended by adding the following new
part at the end thereof:</text>
<quoted-block display-inline="no-display-inline" id="H6DBB14D2DB9F46E1A0A3E0DB9D0F24F" style="OLC">
<part id="H033806C120E74364B5D8A7D8EFD900C5"><enum>IV</enum><header>Regulation of
carbon markets</header>
<section id="H0E3B494E75AB47529D61A4FEC736E693"><enum>401.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of this part are to—</text>
<paragraph id="H97A73028F2E84339B1DF05462EC1A1C0"><enum>(1)</enum><text display-inline="yes-display-inline">provide for the establishment of markets
for emission allowances, offset credits, and derivatives based on such
allowances and credits (including futures and options markets), through a
system of effective self-regulation of trading facilities, clearing systems,
and market participants;</text>
</paragraph><paragraph id="H0E42C6F8FF064BC5B31040DBA0A1802C"><enum>(2)</enum><text display-inline="yes-display-inline">ensure transparency and fair competition in
those markets; and</text>
</paragraph><paragraph id="HDB36914EE158456D8D8BC26BDE2FC649"><enum>(3)</enum><text display-inline="yes-display-inline">ensure that those markets will function in
a stable and efficient manner so as to avoid harm to the environmental
objectives of title I of the Investing in Climate Action and Protection Act or
the United States economy.</text>
</paragraph></section><section id="H53603137DD7646B1A356EC8B8899638E"><enum>402.</enum><header>Definitions</header><text display-inline="no-display-inline">In this part:</text>
<paragraph id="H3A2E42AB79E14F1DA2E37B8C4F016BA6"><enum>(1)</enum><header>Carbon clearing
organization</header>
<subparagraph id="HF88C720047A74A81B53B00E77686914B"><enum>(A)</enum><header>In
general</header><text>The term <term>carbon clearing organization</term> means
a clearinghouse, clearing association, clearing corporation, or similar entity,
facility, system, or organization that—</text>
<clause id="HF64AA3473668440395B7F029F5C3B470"><enum>(i)</enum><text display-inline="yes-display-inline">enables each party to an agreement,
contract, or transaction involving a regulated instrument to substitute,
through novation or otherwise, the credit of the organization for the credit of
the parties;</text>
</clause><clause id="H12508CC590294FC896C4736E9B00DAA"><enum>(ii)</enum><text display-inline="yes-display-inline">arranges or provides, on a multilateral
basis, for the settlement or netting of obligations resulting from agreements,
contracts, or transactions involving regulated instruments executed by
participants in the organization; or</text>
</clause><clause id="H26CB7269BB1B4A558F2B6180DB9600FE"><enum>(iii)</enum><text display-inline="yes-display-inline">otherwise provides clearing services or
arrangements that mutualize or transfer among participants in the organization
the credit risk arising from agreements, contracts, or transactions involving
regulated instruments executed by the participants.</text>
</clause></subparagraph><subparagraph id="HCB595C0232A1475984413CEDA2041600"><enum>(B)</enum><header>Exclusions</header><text>The
term <term>carbon clearing organization</term> does not include an entity,
facility, system, or organization solely because it arranges or provides
for—</text>
<clause id="H039E9FD0F216473CB780F900EC6102CF"><enum>(i)</enum><text>settlement,
netting, or novation of obligations resulting from agreements, contracts, or
transactions, on a bilateral basis and without a central counterparty;
or</text>
</clause><clause id="H1965B7312C554CB58FC953D6B3CE7043"><enum>(ii)</enum><text>settlement or
netting of cash payments through an interbank payment system.</text>
</clause></subparagraph></paragraph><paragraph id="HD68D4684D20E421F982F4F9B3BB2A815"><enum>(2)</enum><header>Commission</header><text>The
term <quote>Commission</quote> means the Federal Energy Regulatory
Commission.</text>
</paragraph><paragraph id="H220D16627D9643C998F325A4EFC8A19E"><enum>(3)</enum><header>Contract of
sale</header><text display-inline="yes-display-inline">The term <term>contract
of sale</term> includes a sale, an agreement of sale, and an agreement to
sell.</text>
</paragraph><paragraph id="HE5B2837B5CD24F68B3F00262534F5135"><enum>(4)</enum><header>Dealer</header><text>The
term <term>dealer</term> means an individual, association, partnership,
corporation, or trust that—</text>
<subparagraph id="HE75832B2A446484C93AF00D74F20E69"><enum>(A)</enum><text display-inline="yes-display-inline">is engaged in soliciting or in accepting
orders for the purchase or sale of a regulated instrument on or subject to the
rules of a registered carbon trading facility; and</text>
</subparagraph><subparagraph id="HBF83324AC1824902A01BF62850B91E89"><enum>(B)</enum><text>in or in
connection with the solicitation or acceptance of such an order, accepts money,
securities, or property (or extends credit in lieu thereof) to margin,
guarantee, or secure any trade or contract that results or may result
therefrom.</text>
</subparagraph></paragraph><paragraph id="HF6D4D382B38341BFAFAFD523ECED848F"><enum>(5)</enum><header>Director</header><text>The
term <quote>Director</quote> means the Director of the Office of Carbon Market
Oversight.</text>
</paragraph><paragraph display-inline="no-display-inline" id="HBD97FA7C935E4067BE0400DB63900071"><enum>(6)</enum><header>Eligible
contract participant</header><text>The term <term>eligible contract
participant</term> has the meaning given the term in section 1a(12) of the
Commodity Exchange Act (<external-xref legal-doc="usc" parsable-cite="usc/7/1a">7 U.S.C. 1a(12)</external-xref>).</text>
</paragraph><paragraph id="HD9EDDA03FE18403DAB102C4EE4259DA3"><enum>(7)</enum><header>Emission
allowance</header><text>The term <quote>emission allowance</quote> has the
meaning given that term in section 700(8) of the Clean Air Act.</text>
</paragraph><paragraph id="H328650E741464685AFD8A8008BDB9D63"><enum>(8)</enum><header>Floor
broker</header><text display-inline="yes-display-inline">The term <term>floor
broker</term> means any person who, in or surrounding any pit, ring, post, or
other place provided by a registered carbon trading facility for the meeting of
persons similarly engaged, purchases or sells for any other person a regulated
instrument on or subject to the rules of the trading facility.</text>
</paragraph><paragraph id="H92C59A877D9F4020B57F4D95DAF6F6EB"><enum>(9)</enum><header>Floor
trader</header><text display-inline="yes-display-inline">The term <term>floor
trader</term> means any person who, in or surrounding any pit, ring, post, or
other place provided by a registered carbon trading facility for the meeting of
persons similarly engaged, purchases, or sells solely for the person's own
account, a regulated instrument on or subject to the rules of the trading
facility.</text>
</paragraph><paragraph id="HBA0EC5C504DF468E8165DD06425C47BC"><enum>(10)</enum><header>Introducing
broker</header><text display-inline="yes-display-inline">The term
<term>introducing broker</term> means any person (except an individual who
elects to be and is registered as an associated person of a dealer) engaged in
soliciting or in accepting orders for the purchase or sale of a regulated
instrument on or subject to the rules of a registered carbon trading facility,
who does not accept money, securities, or property (or extend credit in lieu
thereof) to margin, guarantee, or secure any trade or contract that results or
may result from such a solicitation or acceptance.</text>
</paragraph><paragraph display-inline="no-display-inline" id="HE478169F269D41F29FD9241CE12180FE"><enum>(11)</enum><header>Member</header><text>The
term <term>member</term> means, with respect to a trading facility or a carbon
clearing organization, an individual, association, partnership, corporation, or
trust owning or holding membership in, admitted to membership representation
on, or having trading privileges on the trading facility or carbon clearing
organization.</text>
</paragraph><paragraph id="H0B616A5E7E66459F80BB76906F3775B5"><enum>(12)</enum><header>Offset
credit</header><text>The term <quote>offset credit</quote> has the meaning
given that term in section 700(20) of the Clean Air Act.</text>
</paragraph><paragraph id="H5E148CEDF7634CD6B0E8E67DF7B4CB0"><enum>(13)</enum><header>Regulated
allowance</header><text>The term <term>regulated allowance</term> means an
emission allowance or an offset credit.</text>
</paragraph><paragraph id="HC4ACEA85E5A7401CBC2790B835B9CA50"><enum>(14)</enum><header>Regulated
allowance derivative</header><text>The term <term>regulated allowance
derivative</term> means an instrument that is or includes an instrument—</text>
<subparagraph id="H7A4C539A69CB4F53BABA2400E726CEDA"><enum>(A)</enum><text display-inline="yes-display-inline">which—</text>
<clause display-inline="no-display-inline" id="H914650A48D284F51B8EF15D01EF09B2B"><enum>(i)</enum><text>is of the
character of, or is commonly known to the trade as, an <quote>option</quote>,
<quote>privilege</quote>, <quote>indemnity</quote>, <quote>bid</quote>,
<quote>offer</quote>, <quote>put</quote>, <quote>call</quote>, <quote>advance
guaranty</quote>, or <quote>decline guaranty</quote>; or</text>
</clause><clause id="H838226BFDADB462FB917BC98E59B1278"><enum>(ii)</enum><text>is a contract of
sale for future delivery; and</text>
</clause></subparagraph><subparagraph id="H2CE017763BA74A75006F72899395A33B"><enum>(B)</enum><text>the value of
which, in whole or in part, is directly linked to the price of a regulated
allowance or another regulated allowance derivative.</text>
</subparagraph></paragraph><paragraph display-inline="no-display-inline" id="H6663DC99A44F44D2831D8343AEF36259"><enum>(15)</enum><header>Regulated
instrument</header><text>The term <term>regulated instrument</term> means a
regulated allowance or a regulated allowance derivative.</text>
</paragraph><paragraph id="H1B7BE063B36E48CB875D072CC8649410"><enum>(16)</enum><header>Trading
facility</header><text display-inline="yes-display-inline">The term
<term>trading facility</term> means a person or group of persons that
constitutes, maintains, or provides a physical or electronic facility or system
in which multiple participants have the ability to execute or trade agreements,
contracts, or transactions involving a regulated instrument by accepting bids
and offers made by other participants that are open to multiple participants in
the facility or system.</text>
</paragraph><paragraph id="HEA5CF01055AC438CB5C64BA98911AFA7"><enum>(17)</enum><header>United
States</header><text>The term <term>United States</term> includes the
territories and possessions of the United States.</text>
</paragraph></section><section id="H7556925152FF4911AB009674F6A54280"><enum>403.</enum><header>Office of
Carbon Market Oversight; jurisdiction</header>
<subsection display-inline="no-display-inline" id="HF166FBF8D7B6477BA17227E8B7EA9FEC"><enum>(a)</enum><header>Establishment of
Office of Carbon Market Oversight</header>
<paragraph id="H333CBC0B42EE41308C84A6B1900D004"><enum>(1)</enum><header>In
general</header><text>There is established in the Federal Energy Regulatory
Commission an Office of Carbon Market Oversight, which shall be headed by a
Director for Carbon Market Oversight. The position of Director for Carbon
Market Oversight shall be in addition to the Directors of other offices at the
Commission.</text>
</paragraph><paragraph id="H8B12ABF6F6E34683892036C9834F1127"><enum>(2)</enum><header>Appointment of
Director</header><text>The Director for Carbon Market Oversight shall be
appointed by the Commission and shall be an individual who is, by reason of
background and experience in the regulation of commodities, securities, or
other financial markets, especially qualified to direct a program of oversight
of the market in regulated instruments.</text>
</paragraph></subsection><subsection display-inline="no-display-inline" id="HE48D9A849EBC46D58E0145C090294121"><enum>(b)</enum><header>Administration
of this part</header><text display-inline="yes-display-inline">The Commission,
acting through the Director for Carbon Market Oversight, shall administer this
part.</text>
</subsection><subsection id="HC3C1827DD77F4CE6903F2268ADCCAB88"><enum>(c)</enum><header>Exclusive
jurisdiction over regulated instruments not subject to the securities
laws</header>
<paragraph id="H4BD10BCA51E944B28011AB7792D113D4"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The Commission shall
have exclusive jurisdiction over accounts, agreements, and transactions
involving a regulated instrument, whether inside or outside the United States,
that are not subject to the jurisdiction of the Securities and Exchange
Commission. The preceding sentence shall not supersede or limit the
jurisdiction conferred on courts of the United States or any State.</text>
</paragraph><paragraph id="HBB96BD8771204D8D97C31711B288179D"><enum>(2)</enum><header>Exception</header><text>Notwithstanding
paragraph (1), nothing in this part shall be construed to limit any authority
of the Administrator of the Environmental Protection Agency under the Clean Air
Act (42 U.S.C. 7401 and following).</text>
</paragraph></subsection><subsection display-inline="no-display-inline" id="H2C3551F0B60D40AF8151DC53F42809F8"><enum>(d)</enum><header>Regulations</header><text display-inline="yes-display-inline">The Commission shall promulgate regulations
governing the implementation of this part not later than 1 year after the date
of the enactment of this title, and shall revise the regulations from time to
time thereafter.</text>
</subsection></section><section id="HE0047D948B374128B49D88DF6F37F2B"><enum>404.</enum><header>Regulation of
carbon trading</header>
<subsection id="H2B1FF0A33BED4E1CA24382EE82635EE0"><enum>(a)</enum><header>Limitation of
certain activities to entities registered under this part</header>
<paragraph display-inline="no-display-inline" id="H7D9B859F96DA4FCE893692C84FAB51A3"><enum>(1)</enum><header>Carbon trading
facility activities</header>
<subparagraph id="H2A69C23CD37B45FD825E20FC3141AE54"><enum>(A)</enum><header>In
general</header><text>It shall be unlawful for a person to offer to enter into,
execute, confirm the execution of, or conduct an office or a business for the
purpose of soliciting, accepting an order for, or otherwise dealing in, an
agreement, contract, or transaction involving a contract for the purchase or
sale of a regulated instrument, unless—</text>
<clause id="HC82EB60EC62C4BD800EB13A2372F7800"><enum>(i)</enum><text>the transaction is
conducted on or subject to the rules of a trading facility designated as a
registered carbon trading facility under section 405(a);</text>
</clause><clause id="H558CFE5CE8EA4F13B8529BEB22F87DEA"><enum>(ii)</enum><text>the contract for
the purchase or sale is executed or consummated by or through such a trading
facility; and</text>
</clause><clause id="HA2546AEF06D84165B3B0A915BB5C93DD"><enum>(iii)</enum><text>the contract for
the purchase or sale is evidenced by a record in writing which shows the date,
the parties to the contract and their addresses, the property covered and its
price, and the terms of delivery.</text>
</clause></subparagraph><subparagraph id="H51F583728CE4422FB84B824E926883F2"><enum>(B)</enum><header>Exception for
derivative transactions between eligible contract
participants</header><text>Subparagraph (A) shall not apply to an agreement,
contract, or transaction involving only a regulated allowance derivative
between persons who are eligible contract participants at the time at which the
persons enter into the agreement, contract, or transaction.</text>
</subparagraph></paragraph><paragraph id="HBA6413463C534117B3AE47C3A2A35245"><enum>(2)</enum><header>Broker or dealer
activities</header><text display-inline="yes-display-inline">It shall be
unlawful for a person to act in the capacity of an introducing broker, a
dealer, a floor broker, or a floor trader, in connection with the purchase or
sale of a regulated instrument, unless the person is registered in that
capacity with the Commission, and the registration is not suspended, revoked,
or expired.</text>
</paragraph><paragraph display-inline="no-display-inline" id="HD5C004323E334047B78BC900F0C1D223"><enum>(3)</enum><header>Carbon clearing
organization activities</header>
<subparagraph id="HFD5D42C497734EAC982D3D62BF804C10"><enum>(A)</enum><header>In
general</header><text display-inline="yes-display-inline">It shall be unlawful
for an entity, directly or indirectly, to perform the functions described in
section 402(1) with respect to a regulated instrument, unless the entity is
registered with the Commission as a carbon clearing organization under section
405(c), and the registration is not suspended, revoked, or expired.</text>
</subparagraph><subparagraph id="H04B6CE199EA84CAEB058B6B7CE4AE"><enum>(B)</enum><header>Exception for
clearing of derivative transactions between eligible contract
participants</header><text>Subparagraph (A) shall not apply to functions
performed with respect to an agreement, contract, or transaction involving only
a regulated allowance derivative between persons who are eligible contract
participants at the time at which the persons enter into the agreement,
contract, or transaction.</text>
</subparagraph></paragraph></subsection><subsection id="H2BCA7EB96E1543D6AF52D95000AEB648"><enum>(b)</enum><header>Prohibition on
price or market manipulation, fraud, and false or misleading statements or
reports</header><text display-inline="yes-display-inline">It shall be unlawful
for a person, directly or indirectly—</text>
<paragraph id="H919B666B38E9470BBFC772CD00C4A09C"><enum>(1)</enum><text display-inline="yes-display-inline">in connection with a transaction involving
a regulated instrument, to—</text>
<subparagraph id="H03D1DCDE14BC47DE87CE14626B2D90B"><enum>(A)</enum><text>use any
manipulative or deceptive device or contrivance in violation of such
regulations as the Commission may prescribe to protect the public interest or
consumers;</text>
</subparagraph><subparagraph id="HC664D081E51A443BA77CE5FF7220900"><enum>(B)</enum><text display-inline="yes-display-inline">corner or attempt to corner the instrument;
or</text>
</subparagraph><subparagraph id="H8D8888E8D8AC4DA284A24F1C62E7D3F1"><enum>(C)</enum><text>cheat or defraud,
or attempt to cheat or defraud, any other person;</text>
</subparagraph></paragraph><paragraph display-inline="no-display-inline" id="HC551631867B943F0BCC0004807A67C00"><enum>(2)</enum><text>for the purpose of
creating a false or misleading appearance of active trading in a regulated
instrument, or a false or misleading appearance with respect to the market for
such an instrument, to—</text>
<subparagraph id="H1853949D36B24D60894D31647E3F9D42"><enum>(A)</enum><text>effect any
transaction in the instrument which involves no change in the beneficial
ownership of the instrument;</text>
</subparagraph><subparagraph id="H4713B5F431EC4F9E97DECF59D5BCEFEB"><enum>(B)</enum><text>enter an order for
the purchase of the instrument, with the knowledge that an order or orders of
substantially the same size, at substantially the same time, and at
substantially the same price, for the sale of any such instrument, has been or
will be entered by or for the same or different parties; or</text>
</subparagraph><subparagraph id="H83EBEFC4826E463388335F2BAABD75F1"><enum>(C)</enum><text>enter an order for
the sale of the instrument with the knowledge that an order or orders of
substantially the same size, at substantially the same time, and at
substantially the same price, for the purchase of the instrument, has been or
will be entered by or for the same or different parties;</text>
</subparagraph></paragraph><paragraph id="HBB6AF8C1CE5F4C6DB4A7897D129812A7"><enum>(3)</enum><text display-inline="yes-display-inline">to deliver or cause to be delivered a
knowingly false, misleading, or inaccurate report concerning information or
conditions that affect or tend to affect the price of a regulated
instrument;</text>
</paragraph><paragraph id="H9DE76121FC6845FBA2B3C5983D861764"><enum>(4)</enum><text display-inline="yes-display-inline">to make, or cause to be made, in an
application, report, or document required to be filed under this part or any
rule or regulation prescribed under this part, a statement which is false or
misleading with respect to a material fact, or to omit any material fact
required to be stated therein or necessary to make the statements therein not
misleading; or</text>
</paragraph><paragraph id="H4BEB14E8D1AD4C7C891925E6C95B3446"><enum>(5)</enum><text display-inline="yes-display-inline">to falsify, conceal, or cover up by any
trick, scheme, or artifice a material fact, make any false, fictitious, or
fraudulent statements or representations, or make or use any false writing or
document that contains a false, fictitious, or fraudulent statement or entry,
to an entity registered under this part acting in furtherance of its official
duties under this part.</text>
</paragraph></subsection><subsection id="H73DD5C6B00724545926057BCFB4B5E40"><enum>(c)</enum><header>Prevention of
excessive speculation</header>
<paragraph display-inline="no-display-inline" id="H7CED9843185B427B80A1DE10617D9FC1"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">To prevent, decrease,
or eliminate burdens associated with excessive speculation relating to
regulated instruments, the Commission shall prescribe regulations establishing
such position or transaction limitations and position accountability
requirements as the Commission determines to be necessary with respect to any
regulated instrument.</text>
</paragraph><paragraph id="H5077AC4A6A1B4920ACDA3DDB1C4C8310"><enum>(2)</enum><header>Inapplicability
to bona fide hedging transactions and positions</header><text display-inline="yes-display-inline">The limitations and requirements prescribed
under paragraph (1) shall not apply to a position or transaction that is a bona
fide hedging position or transaction, as defined by the Commission consistent
with the purposes of this part.</text>
</paragraph></subsection><subsection display-inline="no-display-inline" id="H5C885C5DB7CC4C76A395DD00B6006D7F"><enum>(d)</enum><header>Large trader
reporting</header>
<paragraph id="H76E2900176344E7AAFB09D6DB3D4D003"><enum>(1)</enum><header>Identification
requirements for large traders</header><text>For the purpose of monitoring the
effect on the markets of transactions involving a substantial volume or a large
fair market value or exercise value and for the purpose of otherwise assisting
the Commission in the enforcement of this part, each large trader shall—</text>
<subparagraph id="HEBF46F96A9024CE7A4E7471685D070F6"><enum>(A)</enum><text>provide such
information to the Commission as the Commission may by regulation prescribe as
necessary or appropriate, identifying the large trader and all accounts in or
through which the large trader effects such a transaction; and</text>
</subparagraph><subparagraph id="HBE9614ED4502432B8745AEB88FB8576"><enum>(B)</enum><text>identify, in
accordance with such regulations as the Commission may prescribe as necessary
or appropriate, to any broker or dealer registered under this part, by or
through whom the large trader directly or indirectly effects transactions in
regulated instruments, the large trader and all accounts directly or indirectly
maintained with the broker or dealer by the large trader in or through which
the transactions are effected.</text>
</subparagraph></paragraph><paragraph id="H377D3308695149E69FE6D200B0F51E5D"><enum>(2)</enum><header>Recordkeeping
and reporting requirements for brokers and dealers</header>
<subparagraph id="HF3122A56666A468FB5A4349EC1D1105E"><enum>(A)</enum><header>Recordkeeping</header><text>Each
broker or dealer registered under this part shall make and keep for prescribed
periods such records as the Commission, by regulation, deems necessary or
appropriate with respect to transactions in regulated instruments that—</text>
<clause id="HB1A33A5E13C8455CBD16486D1F7DFB59"><enum>(i)</enum><text>equal or exceed
the reporting activity level; and</text>
</clause><clause id="H0072CF6BAE7F44898CCA2F1D4F4852DB"><enum>(ii)</enum><text>are effected,
directly or indirectly—</text>
<subclause id="H9E430E06F67E40DF9B001B9F761848E0"><enum>(I)</enum><text>by or through the
registered broker or dealer of a large trader;</text>
</subclause><subclause id="HC1A7AA332AD747C78700662F5043E656"><enum>(II)</enum><text>for any person
that the broker or dealer knows is a large trader; or</text>
</subclause><subclause id="H45D2245CAE7B472B8974A2B0D554ACEA"><enum>(III)</enum><text>for any person
that the broker or dealer has reason to know is a large trader on the basis of
transactions effected by or through the broker or dealer.</text>
</subclause></clause></subparagraph><subparagraph id="HCE04AA29B0FD43EA8416AC9BE017EB46"><enum>(B)</enum><header>Reporting</header><text>The
records required under subparagraph (A) shall be available for reporting to the
Commission on the morning of the day following the day the transactions are
effected, and shall be reported to the Commission immediately on request by the
Director.</text>
</subparagraph></paragraph><paragraph id="H457C37CC1F86439B9FC52667CEACEFF3"><enum>(3)</enum><header>Aggregation
rules</header><text>The Commission may prescribe regulations governing the
manner in which transactions and accounts shall be aggregated for the purpose
of this subsection, including aggregation on the basis of common ownership or
control.</text>
</paragraph><paragraph id="HE77DC6376CF44FE2B5F0C0C5FD6C2C48"><enum>(4)</enum><header>Examination of
broker and dealer records</header><text display-inline="yes-display-inline">All
records required to be made and kept pursuant to this subsection by brokers and
dealers registered under this part, with respect to transactions effected by
large traders, are subject at any time, or from time to time, to such
reasonable periodic, special, or other examinations by representatives of the
Commission as the Commission deems necessary or appropriate in the public
interest, for the protection of investors, or otherwise in furtherance of the
purposes of this part.</text>
</paragraph><paragraph id="H13D7BB51F74442F100B2AA933F32CC2"><enum>(5)</enum><header>Factors to be
considered in Commission actions</header><text>In carrying out this subsection,
the Commission shall take into account—</text>
<subparagraph id="H242FD6D2C299446BA55FEF9FDC00FC5C"><enum>(A)</enum><text>existing reporting
systems;</text>
</subparagraph><subparagraph id="H8A9FB2165DFA4A0EB3EE01E1FAF00B9"><enum>(B)</enum><text>the costs
associated with maintaining information with respect to transactions effected
by large traders and reporting the information to the Commission; and</text>
</subparagraph><subparagraph id="HB7B8F1642FFF4DA38B488CC317EE75F4"><enum>(C)</enum><text>the relationship
between the United States and international markets in regulated
instruments.</text>
</subparagraph></paragraph><paragraph id="H570BC38BD3F5438BB9A64BF53893D5BF"><enum>(6)</enum><header>Exemptions</header><text>The
Commission, by regulation or order, consistent with the purposes of this part,
may exempt any person or class of persons or any transaction or class of
transactions, conditionally, on specified terms and conditions, or for stated
periods, from the operation of this subsection and the regulations prescribed
under this subsection.</text>
</paragraph><paragraph id="H286E0059978D41EBB468391048C2D991"><enum>(7)</enum><header>Authority of
Commission to limit disclosure of information</header><text>Notwithstanding any
other provision of law, the Commission shall not be compelled to disclose any
information required to be kept or reported under this subsection. Nothing in
this subsection shall authorize the Commission to withhold information from
Congress, or prevent the Commission from complying with a request for
information from any other Federal department or agency requesting information
for purposes within the scope of its jurisdiction, or complying with an order
of a court of the United States in an action brought by the United States or
the Commission. For purposes of <external-xref legal-doc="usc" parsable-cite="usc/5/552">section 552</external-xref> of title 5, United States Code,
this subsection shall be considered a statute described in section
552(b)(3)(B).</text>
</paragraph><paragraph id="H22087E5CDB06412A981BAE1D7584A766"><enum>(8)</enum><header>Definitions</header><text>In
this subsection:</text>
<subparagraph id="H3A5818A6B394478B9B2E30D62ED1886C"><enum>(A)</enum><header>Large
trader</header><text>The term <term>large trader</term> means every person who,
for the person’s own account or an account for which the person exercises
investment discretion, effects transactions for the purchase or sale of a
regulated instrument, directly or indirectly by or through a broker or dealer
registered under this part, in an aggregate amount equal to or in excess of the
identifying activity level.</text>
</subparagraph><subparagraph id="HD26ECFCB352740CDBA13F788B8FE46F"><enum>(B)</enum><header>Identifying
activity level</header><text>The term <term>identifying activity level</term>
means transactions in regulated instruments at or above a level of volume, fair
market value, or exercise value as shall be fixed from time to time by the
Commission by regulation, specifying the time interval during which the
transactions shall be aggregated.</text>
</subparagraph><subparagraph id="H768ED070480E4D05004C1DEF428B2299"><enum>(C)</enum><header>Reporting
activity level</header><text>The term <term>reporting activity level</term>
means transactions in regulated instruments at or above a level of volume, fair
market value, or exercise value as shall be fixed from time to time by the
Commission by regulation or order, specifying the time interval during which
the transactions shall be aggregated.</text>
</subparagraph><subparagraph id="H26747340BC624993AB2063C22E98FAB3"><enum>(D)</enum><header>Person</header><text display-inline="yes-display-inline">The term <term>person</term> means a
natural person, company, government, or political subdivision, agency, or
instrumentality of a government, and includes 2 or more persons acting as a
partnership, limited partnership, syndicate, or other group, but does not
include a foreign central bank.</text>
</subparagraph></paragraph></subsection><subsection display-inline="no-display-inline" id="H57665810A5F84A0BA91CFB32A154A518"><enum>(e)</enum><header>Recordkeeping;
reporting; access to books and records</header>
<paragraph id="HCD983CF15C824B0B99D212C7E0F44FF7"><enum>(1)</enum><header>Members of
registered entities</header><text>Each member of an entity registered under
this part shall—</text>
<subparagraph id="HA8CCA0DE30784414982BBAF73949F79"><enum>(A)</enum><text display-inline="yes-display-inline">keep books and records, and make such
reports as are required by the Commission, regarding the transactions and
positions of the member, and the transactions and positions of the customer
involved, in regulated instruments, in such form and manner, and for such
period, as may be required by the Commission; and</text>
</subparagraph><subparagraph id="H46621064F3B349E3A5956CD9C8EBF824"><enum>(B)</enum><text>make the books and
records available for inspection by any representative of the Commission or the
Department of Justice.</text>
</subparagraph></paragraph><paragraph id="H98D158BA5A9B42BC8512B3B2E9B1AE2F"><enum>(2)</enum><header>Registered
entities</header><text>Each entity registered under this part shall—</text>
<subparagraph id="H29174FC429AA4508A60850BAB41FB54C"><enum>(A)</enum><text>maintain daily
trading records (including a time-stamped audit trail), that include such
information, in such form, and for such period as the Commission may require by
regulation; and</text>
</subparagraph><subparagraph id="H5FEAE5C552604B6F8200CC3B6C3C9449"><enum>(B)</enum><text display-inline="yes-display-inline">make such reports from the records, at such
times and places, and in such form, as the Commission may require by regulation
to protect the public interest and the interest of persons trading in regulated
instruments.</text>
</subparagraph></paragraph></subsection></section><section id="HC10A49D5955E4BF9BA251791D5035FFA"><enum>405.</enum><header>Registration of
carbon trading facilities, brokers, dealers, and carbon clearing
organizations</header>
<subsection id="HCD0F4F59A1604FE399234BF500DDA4D"><enum>(a)</enum><header>Carbon trading
facilities</header>
<paragraph id="HD32A2C4ADB7A413F8843B4603C3E48EE"><enum>(1)</enum><header>Application</header><text>A
trading facility may apply to the Commission for designation as a registered
carbon trading facility by submitting to the Commission an application that
contains such information and commitments as the Commission may require.</text>
</paragraph><paragraph id="HFD0A32D0902640858D003BBF5188F461"><enum>(2)</enum><header>Requirements for
designation</header><text display-inline="yes-display-inline">To be designated
as a registered carbon trading facility, the trading facility shall demonstrate
to the Commission the following:</text>
<subparagraph display-inline="no-display-inline" id="H656F7186857543259FE6FCAF176500C"><enum>(A)</enum><header>Prevention of
market manipulation</header><text>The trading facility is capable of preventing
market manipulation through market surveillance, compliance, and enforcement
practices and procedures, including methods for conducting real-time monitoring
of trading and comprehensive and accurate trade reconstructions.</text>
</subparagraph><subparagraph id="H65F3B62DAE064D71A4DB806FE8D2C2C6"><enum>(B)</enum><header>Fair and
equitable trading</header><text>The trading facility has established, and is
capable of enforcing, rules to ensure fair and equitable trading through the
trading facility, and the capacity to detect, investigate, and discipline any
person that violates the rules.</text>
</subparagraph><subparagraph id="H1ECA6CAE688944999F3825317485A112"><enum>(C)</enum><header>Establishment
and enforcement of rules governing operation of trade execution
facility</header><text display-inline="yes-display-inline">The trading facility
has established, and is capable of enforcing, rules governing the manner of
operation of the trade execution facility maintained by the trading facility,
including the operation of any electronic matching platform.</text>
</subparagraph><subparagraph id="HC0163BFC18174DF6B3CB776D2615C95D"><enum>(D)</enum><header>Financial
integrity of transactions</header><text>The trading facility has established,
and is capable of enforcing, rules and procedures for ensuring the financial
integrity of transactions entered into by or through the trading facility,
including the clearance and settlement of the transactions.</text>
</subparagraph><subparagraph id="HEEA94F43CD414EFCA62FDE66C167C0FD"><enum>(E)</enum><header>Disciplinary
procedures</header><text>The trading facility has established, and is capable
of enforcing procedures that authorize the trading facility to discipline,
suspend, or expel members or market participants that violate the rules of the
trading facility, or similar methods for performing the same functions,
including delegation of the functions to third parties.</text>
</subparagraph><subparagraph id="H4526BE6000A042CA8B45CDD44FD109D7"><enum>(F)</enum><header>Public
access</header><text>The trading facility is capable of providing the public
with access to the rules, regulations, and contract specifications of the
trading facility.</text>
</subparagraph><subparagraph id="H4471CF3ACE0240548D699B44BC5C89D8"><enum>(G)</enum><header>Ability to
obtain information</header><text>The trading facility has established, and is
capable of enforcing rules that allow the trading facility to obtain any
necessary information to perform any of the functions described in this
paragraph, including the capacity to carry out such international
information-sharing agreements as the Commission may require.</text>
</subparagraph></paragraph><paragraph id="H60ECE36716C84660957EA52C09F55408"><enum>(3)</enum><header>Maintenance of
designation</header><text display-inline="yes-display-inline">To maintain the
designation of a trading facility as a registered carbon trading facility, the
trading facility shall comply (and shall have reasonable discretion in
establishing the manner in which it complies) with the following:</text>
<subparagraph id="HB21C612F25FC4D38B5DACF72FC313CD"><enum>(A)</enum><header>Compliance with
rules of the trading facility</header><text>The trading facility shall monitor
and enforce compliance with the rules of the trading facility, including the
terms and conditions of any contracts to be traded on or through the trading
facility and any limitations on access to the trading facility.</text>
</subparagraph><subparagraph id="HE3A1F094217E409AA3E969865C4C55D1"><enum>(B)</enum><header>Contracts not
readily subject to manipulation</header><text>The trading facility shall list
on the trading facility only contracts that are not readily susceptible to
manipulation.</text>
</subparagraph><subparagraph id="H2ED35165C8ED4B6E90AD479C30C47FD1"><enum>(C)</enum><header>Monitoring of
trading</header><text>The trading facility shall monitor trading on or through
the facility to prevent manipulation, price distortion, and disruptions of the
delivery or cash-settlement process.</text>
</subparagraph><subparagraph id="H9DCE7AB1071C44869BC6BE5263B19E7D"><enum>(D)</enum><header>Position
limitations or accountability</header><text>To reduce the potential threat of
market manipulation, the trading facility shall adopt position limitations or
position accountability for speculators, where necessary and
appropriate.</text>
</subparagraph><subparagraph id="HBC7A68BC35F8412DBE5E6138D8E56DC4"><enum>(E)</enum><header>Emergency
authority</header><text>The trading facility shall adopt rules to provide for
the exercise of emergency authority, in consultation or cooperation with the
Commission, where necessary and appropriate, including the authority to—</text>
<clause id="H688E75203B5D4E5E8C995FB6A09C2890"><enum>(i)</enum><text>liquidate or
transfer open positions in any contract;</text>
</clause><clause id="HA95F4AE3198C42FB8300CBD49757A5EF"><enum>(ii)</enum><text>suspend or
curtail trading in any regulated instrument; and</text>
</clause><clause id="HA4FCCD60078948DA8D9E31C44C025691"><enum>(iii)</enum><text>require market
participants to meet special margin requirements.</text>
</clause></subparagraph><subparagraph id="H24AEB8CD475C43BE9DB08DF23036DFA2"><enum>(F)</enum><header>Availability of
general information</header><text>The trading facility shall make available to
market authorities, market participants, and the public information
concerning—</text>
<clause id="H2283EC5BD06C4AFAAAF658CDF2BE0D0"><enum>(i)</enum><text>the
terms and conditions of the contracts traded on or through the trading
facility; and</text>
</clause><clause id="H1B9AF0DA3A3F4E47B3FF5211C1586964"><enum>(ii)</enum><text>the mechanisms
for executing transactions on or through the trading facility.</text>
</clause></subparagraph><subparagraph id="H67122F2B5B8C4D6BAE735EBEF74FE000"><enum>(G)</enum><header>Daily
publication of trading information</header><text>The trading facility shall
make public daily information on settlement prices, volume, open interest, and
opening and closing ranges for all regulated instruments traded on the trading
facility.</text>
</subparagraph><subparagraph id="HC05E48FA3D2D43579500A109584D1BCC"><enum>(H)</enum><header>Execution of
transactions</header><text>The trading facility shall provide a competitive,
open, and efficient market and mechanism for executing transactions on or
through the trading facility.</text>
</subparagraph><subparagraph id="H72E396CC287542C7A239CEB982A18716"><enum>(I)</enum><header>Security of
trade information</header><text>The trading facility shall maintain rules and
procedures to provide for the recording and safe storage of all identifying
trade information in a manner that enables the trading facility to use the
information to assist the prevention of customer and market abuses and provide
evidence of violations of the rules of the trading facility.</text>
</subparagraph><subparagraph id="H18EC3A71CCA74E8FA2BFAE9517BFCFF"><enum>(J)</enum><header>Financial
integrity of contracts</header><text display-inline="yes-display-inline">The
trading facility shall establish and enforce rules providing for the financial
integrity of any contract traded on or through the trading facility (including
the clearance and settlement of the transactions), and rules to ensure the
financial integrity of introducing brokers, dealers, floor brokers, and floor
traders doing business on or through the trading facility, and the protection
of customer funds.</text>
</subparagraph><subparagraph id="HE43FEC946B054C61B888B00852351D25"><enum>(K)</enum><header>Protection of
market participants</header><text>The trading facility shall establish and
enforce rules to protect market participants from abusive practices committed
by any party acting as an agent for the participants.</text>
</subparagraph><subparagraph id="HFF8635A49DA14710B3E96109EF8E9968"><enum>(L)</enum><header>Dispute
resolution</header><text>The trading facility shall establish and enforce rules
regarding and provide facilities for alternative dispute resolution as
appropriate for market participants and any market intermediaries.</text>
</subparagraph><subparagraph id="H6E1925C02428442994BA80D3F400AB79"><enum>(M)</enum><header>Governance
fitness standards</header><text>The trading facility shall establish and
enforce appropriate fitness standards for directors, members of any
disciplinary committee, members of the trading facility, and any other person
with direct access to the trading facility (including any parties affiliated
with any of the persons described in this subparagraph).</text>
</subparagraph><subparagraph id="HFFDC4E52720B43C3A39279BC815F4672"><enum>(N)</enum><header>Conflicts of
interest</header><text>The trading facility shall establish and enforce rules
to minimize conflicts of interest in the decisionmaking process of the trading
facility and establish a process for resolving any such conflict of
interest.</text>
</subparagraph><subparagraph id="H6EC1CFB052634812BFF94D5B9361FC22"><enum>(O)</enum><header>Composition of
boards of mutually owned trading facilities</header><text>In the case of a
mutually owned trading facility, the trading facility shall ensure that the
composition of the governing board reflects market participants.</text>
</subparagraph><subparagraph id="H88415A63645D451781E148E177D607AD"><enum>(P)</enum><header>Recordkeeping</header><text>The
trading facility shall maintain records of all activities related to the
business of the trading facility in a form and manner acceptable to the
Commission for a period of 5 years.</text>
</subparagraph><subparagraph id="HA7E73B52C96B4627B6FA48A62C827F3"><enum>(Q)</enum><header>Antitrust
considerations</header><text>Unless necessary or appropriate to achieve the
purposes of this part, the trading facility shall endeavor to avoid—</text>
<clause id="HC8E7FF6069954729ADBC7D5EB3A6432F"><enum>(i)</enum><text>adopting any rules
or taking any actions that result in any unreasonable restraints of trade;
or</text>
</clause><clause id="H023576C1DF244D65AF4C6F11568EA0D5"><enum>(ii)</enum><text>imposing any
material anticompetitive burden on trading on or through the trading
facility.</text>
</clause></subparagraph></paragraph></subsection><subsection id="H870A71070DAE4E188E263F243F246E70"><enum>(b)</enum><header>Brokers,
dealers, and their associates</header><text>The Commission may prescribe
regulations governing—</text>
<paragraph id="HC6ECD36A798E44A8A36F56588C5F903C"><enum>(1)</enum><text>the eligibility of
a person to act in the capacity of an introducing broker, a dealer, or a floor
broker, or a floor trader in the United States;</text>
</paragraph><paragraph id="HC9A2AC1326EA4CD3A9ED858FA44DEC5D"><enum>(2)</enum><text display-inline="yes-display-inline">the registration of introducing brokers,
dealers, floor brokers, and floor traders with the Commission; and</text>
</paragraph><paragraph id="H7DCE7F0AA6C64DDEAC8400B4D1726B18"><enum>(3)</enum><text display-inline="yes-display-inline">the conduct of a person registered pursuant
to regulations prescribed under paragraph (2), and of a partner, officer,
employee, or agent of the registered person, in connection with transactions
involving a regulated instrument.</text>
</paragraph></subsection><subsection id="H2464E54888BC4800884EC71B64E5BBA9"><enum>(c)</enum><header>Carbon clearing
organizations</header>
<paragraph display-inline="no-display-inline" id="H42D469508A46499A8B67DBE76CFC9886"><enum>(1)</enum><header>Application</header><text display-inline="yes-display-inline">An entity may apply to the Commission for
registration as a carbon clearing organization by submitting to the Director an
application that contains such information and commitments as the Commission
may require for the purpose of making the determinations required for approval
under paragraph (2).</text>
</paragraph><paragraph id="HF898D43FD2A8486690E300BB721C29AF"><enum>(2)</enum><header>Requirements for
registration</header><text display-inline="yes-display-inline">To be registered
and to maintain registration as a carbon clearing organization, an applicant
shall demonstrate to the Commission that the applicant complies (and shall have
reasonable discretion in establishing the manner in which it complies) with the
following core principles:</text>
<subparagraph id="H1BD28AC6DCF74AC097AD00F77E03275"><enum>(A)</enum><header>Financial
resources</header><text>The applicant shall demonstrate that the applicant has
adequate financial, operational, and managerial resources to discharge the
responsibilities of a carbon clearing organization.</text>
</subparagraph><subparagraph id="H6737F56BF25A46F1AFE5E5573F4E7D00"><enum>(B)</enum><header>Participant and
product eligibility</header><text>The applicant shall establish—</text>
<clause id="H7742B49410424D748E4159D1A5A9D2E6"><enum>(i)</enum><text>appropriate
admission and continuing eligibility standards (including appropriate minimum
financial requirements) for members of and participants in the applicant;
and</text>
</clause><clause id="H6B3DD411ADA04FC39BC2569E4C697322"><enum>(ii)</enum><text>appropriate
standards for determining eligibility of agreements, contracts, or transactions
submitted to the applicant.</text>
</clause></subparagraph><subparagraph id="H8030623E2F81404B8FE8602C008D86F1"><enum>(C)</enum><header>Risk
management</header><text>The applicant shall have the ability to manage the
risks associated with discharging the responsibilities of a carbon clearing
organization through the use of appropriate tools and procedures.</text>
</subparagraph><subparagraph id="H3976C599E47645F099A6F6DFF3CB3F8"><enum>(D)</enum><header>Settlement
procedures</header><text>The applicant shall have the ability to—</text>
<clause id="HAF58A45EFB224BCA8D9DF19397E3C081"><enum>(i)</enum><text>complete
settlements on a timely basis under varying circumstances;</text>
</clause><clause id="HE64D27E03F654037BB5F613832F92790"><enum>(ii)</enum><text>maintain an
adequate record of the flow of funds associated with each transaction that the
applicant clears; and</text>
</clause><clause id="HA80C9A02A44E4F19A3C6F180011481AB"><enum>(iii)</enum><text>comply with the
terms and conditions of any permitted netting or offset arrangements with other
carbon clearing organizations.</text>
</clause></subparagraph><subparagraph id="HDF9B2DA2FC42472BA52EE200F912CEF6"><enum>(E)</enum><header>Treatment of
funds</header><text>The applicant shall have standards and procedures designed
to protect and ensure the safety of member and participant funds.</text>
</subparagraph><subparagraph id="H5BEAE301A0E545A48E6DC2AAE06CD4D6"><enum>(F)</enum><header>Default rules
and procedures</header><text>The applicant shall have rules and procedures
designed to allow for efficient, fair, and safe management of events when
members or participants become insolvent or otherwise default on their
obligations to the applicant.</text>
</subparagraph><subparagraph id="H4F31C4CC12894FE7AC9D815C3C728CDB"><enum>(G)</enum><header>Rule
enforcement</header><text>The applicant shall—</text>
<clause id="H63E2FB5E4FE1423F9595867DC59475AE"><enum>(i)</enum><text>maintain adequate
arrangements and resources for the effective monitoring and enforcement of
compliance with rules of the applicant and for resolution of disputes;
and</text>
</clause><clause id="H6F1D5D4E0B7D463DB06565BF8BA44700"><enum>(ii)</enum><text>have the
authority and ability to discipline, limit, suspend, or terminate the
activities of a member or participant for violations of rules of the
applicant.</text>
</clause></subparagraph><subparagraph id="H0EEEF9553E35433090EFEFA201C64CC3"><enum>(H)</enum><header>System
safeguards</header><text>The applicant shall demonstrate that the
applicant—</text>
<clause id="H8D6DC6E1C33E49A4B1F91056F867CCFE"><enum>(i)</enum><text>has established
and will maintain a program of oversight and risk analysis to ensure that the
automated systems of the applicant function properly and have adequate capacity
and security; and</text>
</clause><clause id="H67A440F668B14E978D5F2483D45D321D"><enum>(ii)</enum><text>has established
and will maintain emergency procedures and a plan for disaster recovery, and
will periodically test backup facilities sufficient to ensure daily processing,
clearing, and settlement of transactions.</text>
</clause></subparagraph><subparagraph id="HB60F0C7F013045F89285D5211E15CCB"><enum>(I)</enum><header>Reporting</header><text>The
applicant shall provide to the Director all information necessary for the
Commission to conduct oversight of the activities of the applicant.</text>
</subparagraph><subparagraph id="HB41C873BC36F4A048813B709756FB22B"><enum>(J)</enum><header>Recordkeeping</header><text display-inline="yes-display-inline">The applicant shall maintain for a period
of 5 years records of all activities related to the activities of the applicant
as a carbon clearing organization in a form and manner acceptable to the
Commission.</text>
</subparagraph><subparagraph id="HD430BC87DC38400FA2E489953EED394B"><enum>(K)</enum><header>Public
information</header><text>The applicant shall make information concerning the
rules and operating procedures governing the clearing and settlement systems
(including default procedures) available to market participants.</text>
</subparagraph><subparagraph id="H9E63AAA77D66431583E97F564350B100"><enum>(L)</enum><header>Information-sharing</header><text>The
applicant shall—</text>
<clause id="HE11C5D2C8FAC47DD8B5BFC0944209CDE"><enum>(i)</enum><text>enter into and
abide by the terms of all appropriate and applicable domestic and international
information-sharing agreements; and</text>
</clause><clause id="H6C0A50CE54CE428B876DA0366E495FB"><enum>(ii)</enum><text>use relevant
information obtained from the agreements in carrying out the risk management
program of the applicant.</text>
</clause></subparagraph><subparagraph id="H15456C009F9A4229B923A800F1CAC408"><enum>(M)</enum><header>Antitrust
considerations</header><text>Unless appropriate to achieve the purposes of this
part, the applicant shall avoid—</text>
<clause id="HAE727772FB1D4A168EBC1B264922228E"><enum>(i)</enum><text>adopting any rule
or taking any action that results in any unreasonable restraint of trade;
or</text>
</clause><clause id="HC2EF82B098F14C4085F4DF5140257D73"><enum>(ii)</enum><text>imposing any
material anticompetitive burden on trading on a registered carbon trading
facility.</text>
</clause></subparagraph></paragraph></subsection></section><section id="H7D62EF38160C4019ADEAF3E66E2B1B42"><enum>406.</enum><header>Administrative
enforcement</header>
<subsection id="HD3595ED407F44BC1ACA394FAA84E77FA"><enum>(a)</enum><header>Investigations</header>
<paragraph id="HFC010E92E16540E29600BABF1F14CFB"><enum>(1)</enum><header>In
general</header><text>The Commission may make such investigations as the
Commission deems necessary to determine whether any person has violated, is
violating, or is about to violate this part, a regulation or order issued under
this part, or a rule of an entity registered under this part, or to secure
information which may serve as a basis for recommending legislation concerning
matters to which this part relates. In conducting any such investigation, the
Commission may request the assistance of appropriate Federal agencies.</text>
</paragraph><paragraph id="HFF4CD71D076645FEB0FBD364427F4BC5"><enum>(2)</enum><header>Publication of
results</header><text display-inline="yes-display-inline">The Commission may
publish the results of any such investigation and such general statistical
information gathered in the investigation as the Commission deems of interest
to the public.</text>
</paragraph><paragraph display-inline="no-display-inline" id="HCF47264A9EEC45279E8BB889EAA6B88D"><enum>(3)</enum><header>Public
disclosure of information and data</header>
<subparagraph id="HDD17B4C92F374F0386D706B97FF585B"><enum>(A)</enum><header>In
general</header><text display-inline="yes-display-inline">The Commission may
not publish data and information that would separately disclose a transaction
or market position of any person, a trade secret, or the names of a customer,
except where the disclosure is made in connection with a congressional
proceeding or in an administrative or judicial proceeding brought under this
part.</text>
</subparagraph><subparagraph id="H268F87E657E14D09A88B65341BC62040"><enum>(B)</enum><header>Authority to
withhold information</header><text>The Commission may withhold from public
disclosure any data or information concerning or obtained in connection with
any pending investigation of any person under this part.</text>
</subparagraph></paragraph><paragraph id="HEC301F384D9C41889FC23496AA02BDE"><enum>(4)</enum><header>Disclosure of
registration information to other government entities</header><text display-inline="yes-display-inline">The Commission shall provide any
registration information maintained by the Commission under this part on any
registrant on reasonable request made by any department or agency of any State
or any political subdivision of a State. Whenever the Administrator determines
that such information may be appropriate for use by any department or agency of
a State or political subdivision of a State, the Commission shall provide such
information without request.</text>
</paragraph></subsection><subsection id="H687E4FB719D144CAA8D8252268E2B604"><enum>(b)</enum><header>Review of
adverse action by registered carbon trading facility</header>
<paragraph id="H7FDA5398C7F74F1EB31DF6F09606B904"><enum>(1)</enum><header>In
general</header>
<subparagraph id="H2E8B52CABF3F4CEAADC23035B239C067"><enum>(A)</enum><header>Disciplinary
actions</header><text display-inline="yes-display-inline">The Commission may,
in accordance with such standards and procedures as the Commission deems
appropriate, review a decision by a registered carbon trading facility to
suspend, expel, otherwise discipline a member of the trading facility, or deny
access to the trading facility.</text>
</subparagraph><subparagraph id="H311E751FB42F40439983BFB374F26700"><enum>(B)</enum><header>Other
actions</header><text display-inline="yes-display-inline">On application of any
person who is adversely affected by any other registered carbon trading
facility decision, the Commission may review the decision and issue such order
with respect to the decision as the Commission deems appropriate to protect the
public interest.</text>
</subparagraph></paragraph><paragraph id="HCB15A7F6EF274A12AF81515CF801E54F"><enum>(2)</enum><header>Scope of
authority</header><text>The Commission may affirm, modify, set aside, or remand
a trading facility decision reviewed under paragraph (1), after a determination
on the record as to whether the decision was made in accordance with the rules
of the trading facility.</text>
</paragraph></subsection><subsection id="HEEF4035904C346D49FF0A0B1FD60CF3F"><enum>(c)</enum><header>Enforcement
proceedings against certain persons</header>
<paragraph id="H5CDB5F9485C94BB400254C7560FA655C"><enum>(1)</enum><header>Service of
complaint</header><text>If the Commission has reason to believe that a person
(other than a registered carbon trading facility or carbon clearing
organization) has violated this part or a regulation or order issued under this
part, the Commission may serve upon the person a complaint stating the charges
of the Commission in that respect, which complaint shall have attached or
contain a notice of hearing, specifying a day and place not less than 3 days
after the service of the complaint, requiring the person to show cause why an
order should not be made prohibiting the person from trading on or subject to
the rules of any registered carbon trading facility, and directing that all
such trading facilities refuse all privileges to the person, until further
notice of the Commission and to show cause why the registration of the person,
if registered with the Commission in any capacity, should not be suspended or
revoked.</text>
</paragraph><paragraph display-inline="no-display-inline" id="HC292C42F222E49F8AD2F9B39FEA03C74"><enum>(2)</enum><header>Investigatory
powers</header>
<subparagraph id="H2E3123256C634244BDB81ECEAC077D30"><enum>(A)</enum><header>In
general</header><text>For the purpose of securing effective enforcement of this
part, and for the purpose of any investigation or proceeding under this part,
the Commission (except as provided in subparagraph (C)) may administer oaths
and affirmations, subpoena witnesses, compel their attendance, take evidence,
and require the production of any books, papers, correspondence, memoranda, or
other records that the Commission deems relevant or material to the
inquiry.</text>
</subparagraph><subparagraph id="H6781B26983B647C892E62C15B5585B64"><enum>(B)</enum><header>Authority to
compel attendance of witnesses, and production of records</header><text>The
attendance of witnesses and the production of records may be required from any
place in the United States, any State or any foreign country or jurisdiction at
any designated place of hearing.</text>
</subparagraph><subparagraph id="H8BFF01FAC54D4A3EB4463407AA597CEF"><enum>(C)</enum><header>Effect of
failure to obey subpoena</header>
<clause id="H25F8479A527A4920B2E03700B67B805C"><enum>(i)</enum><header>Authority to
seek court assistance</header><text>In case of contumacy by, or refusal to obey
a subpoena issued to, any person, the Commission may invoke the aid of any
court of the United States in the jurisdiction in which the investigation or
proceeding is conducted, or where the person resides or transacts business, in
requiring the attendance and testimony of witnesses and the production of
books, papers, correspondence, memoranda, and other records.</text>
</clause><clause id="H3442FB31B18848E6A34B13C0E4FABAD"><enum>(ii)</enum><header>Remedies</header>
<subclause id="HE2E353A627CF473989E2C4B8359BB1F"><enum>(I)</enum><header>In
general</header><text>The court may issue an order requiring the person to
appear before the Commission or an Administrative Law Judge or other officer
designated by the Commission, there to produce records, if so ordered, or to
give testimony touching the matter under investigation or in question.</text>
</subclause><subclause id="H8471D315C3DB43CCB325AD506567195"><enum>(II)</enum><header>Effect of
failure to obey court order</header><text>Any failure to obey the order of the
court may be punished by the court as a contempt of the court.</text>
</subclause></clause></subparagraph></paragraph><paragraph id="HB925A49B7AAB4936BFFEA78D3C1F3C2B"><enum>(3)</enum><header>Penalties</header>
<subparagraph id="H15D21007A0E347A1B8B7F5114210A51C"><enum>(A)</enum><text>Upon evidence
received in a proceeding under paragraph (1), the Commission may issue an
order—</text>
<clause id="H4D8BA1969ACB499EB855BC9532E8FA63"><enum>(i)</enum><text>prohibiting the
person from trading on or subject to the rules of any registered carbon trading
facility, and requiring all such facilities to refuse the person all privileges
for such period as may be specified in the order;</text>
</clause><clause id="HA9B954EB8B2640D79FB179CDF72DB34B"><enum>(ii)</enum><text>if the person is
registered with the Commission in any capacity, suspending, for a period of not
more than 6 months, or revoking, the registration of the person;</text>
</clause><clause id="HB784A17DB5FE4A2F8016029C626CE099"><enum>(iii)</enum><text>assessing the
person, in accord with the gravity of the violation, a civil penalty of not
more than the greater of $100,000 or triple the monetary gain to the person for
each such violation; and</text>
</clause><clause id="HC708398AC24944B38337876CC9A04DDB"><enum>(iv)</enum><text>requiring
restitution to customers of damages proximately caused by the violation.</text>
</clause></subparagraph><subparagraph id="HC67D4FA6E896423EB34D95A2E8BFE156"><enum>(B)</enum><header>Amount of civil
penalty based on gravity of violation</header><text>In determining the amount
of the money penalty, if any, to be assessed under subparagraph (A)(iii), the
Commission shall consider the appropriateness of the penalty to the gravity of
the violation.</text>
</subparagraph><subparagraph id="H6366B1C8438F4D5E801CB4014239AC00"><enum>(C)</enum><header>Notice of
order</header><text>The Commission shall send notice of the order forthwith by
registered mail or by certified mail, or deliver the notice to the offending
person and the governing board of each registered carbon trading
facility.</text>
</subparagraph></paragraph><paragraph id="HD727D61C94194566B913D383ADEBEB22"><enum>(4)</enum><header>Appeals</header><text display-inline="yes-display-inline">A petition for review of an order issued
under paragraph (3) of this subsection may be filed in the Court of Appeals for
the District of Columbia Circuit.</text>
</paragraph></subsection><subsection display-inline="no-display-inline" id="HFCB7767C4E9C42B299976C7CFA3400D6"><enum>(d)</enum><header>Authority To
suspend or revoke registered carbon trading facility designation or carbon
clearing organization registration</header><text display-inline="yes-display-inline">The Commission may suspend for a period of
not more than 6 months, or revoke, the designation of a trading facility as a
registered carbon trading facility, or the registration of an entity as a
carbon clearing organization, if, after notice and opportunity for a hearing on
the record, the Commission finds that—</text>
<paragraph id="H994B90564A604A4CB66848988E041006"><enum>(1)</enum><text>the trading
facility or the entity, as the case may be, has not complied with a requirement
of section 405(a)(3), or section 405(c)(2), as the case may be; or</text>
</paragraph><paragraph id="HA6BEA04075064B33B4A9CBB7B0AEEAEF"><enum>(2)</enum><text>a director,
officer, employee, or agent of the trading facility or entity, as the case may
be, has violated this part or a regulation or order issued under this
part.</text>
</paragraph></subsection><subsection id="H2EFDA2D754C447EB93FF68DD10039D"><enum>(e)</enum><header>Cease and desist
orders</header><text display-inline="yes-display-inline">If the Commission
finds that a person has violated this part or a regulation or order issued
under this part, the Commission may, in conjunction with an order issued
against the person under subsection (c)(1), after notice and opportunity for a
hearing on the record, and subject to appeal as provided for in subsection
(c)(4), issue an order directing the person to cease and desist from the
violation.</text>
</subsection><subsection id="H360DDEA81911495FBE48D11E26975F9F"><enum>(f)</enum><header>Trading
suspensions; emergency authority</header>
<paragraph id="H5BD9219ADF9A4B4E9E758EAB823B0044"><enum>(1)</enum><header>Trading
suspensions</header><text display-inline="yes-display-inline">If the Commission
determines that the public interest so requires, the Commission may, by order,
summarily suspend all trading of regulated instruments on any trading facility
or otherwise, for a period not exceeding 90 calendar days. The action described
in the preceding sentence shall not take effect unless the Commission notifies
the President of the decision of the Commission, and the President notifies the
Commission that the President does not disapprove of the decision.</text>
</paragraph><paragraph id="HCAAE0ED55DED467E97D6DF03A03812D5"><enum>(2)</enum><header>Emergency
orders</header>
<subparagraph id="H730EE4675F454B08A8891C9E92687E14"><enum>(A)</enum><header>In
general</header><text>The Commission, in an emergency, may by order summarily
take such action to alter, supplement, suspend, or impose requirements or
restrictions with respect to any matter or action subject to regulation by the
Commission or an entity registered under this part, as the Commission
determines is necessary in the public interest—</text>
<clause id="HC504971866594DB98347F479F047C7FF"><enum>(i)</enum><text>to
maintain or restore fair and orderly markets in regulated instruments;
or</text>
</clause><clause id="H805BE5587632459992207683F8D4F864"><enum>(ii)</enum><text>to ensure prompt,
accurate, and safe clearance and settlement of transactions in regulated
instruments.</text>
</clause></subparagraph><subparagraph id="HE398E916FCCE4C518C6273B38CEECFAB"><enum>(B)</enum><header>Effective
period</header><text>An order of the Commission under this paragraph shall
continue in effect for the period specified by the Commission, and may be
extended. Except as provided in subparagraph (C), an order of the Commission
under this paragraph may not continue in effect for more than 10 business days,
including extensions.</text>
</subparagraph><subparagraph id="H1ADC3D8E8BD94215BCFAE1F6FE7DD65"><enum>(C)</enum><header>Extension</header><text>An
order of the Commission under this paragraph may be extended to continue in
effect for more than 10 business days if, at the time of the extension, the
Commission finds that the emergency still exists and determines that the
continuation of the order beyond 10 business days is necessary in the public
interest and for the protection of investors to attain an objective described
in clause (i) or (ii) of subparagraph (A). In no event shall an order of the
Commission under this paragraph continue in effect for more than 30 calendar
days.</text>
</subparagraph><subparagraph id="H209EF269F14C4DBDAA812D913EDB3632"><enum>(D)</enum><header>Exemption</header><text>In
exercising the authority provided by this paragraph, the Commission shall not
be required to comply with <external-xref legal-doc="usc" parsable-cite="usc/5/553">section 553</external-xref> of title 5, United States Code.</text>
</subparagraph></paragraph><paragraph id="H1915CC5D47AA4371BEAF8CBD1731B9BB"><enum>(3)</enum><header>Termination of
emergency actions by president</header><text>The President may direct that
action taken by the Commission under paragraph (2) shall not continue in
effect.</text>
</paragraph><paragraph id="H73C6F7AFDDE74663A2E4DD600CD1155"><enum>(4)</enum><header>Compliance with
orders</header><text>A member of a trading facility, introducing broker,
dealer, floor broker, or floor trader shall not effect any transaction in, or
induce the purchase or sale of, any regulated instrument in contravention of an
order of the Commission under this subsection, unless the order has been
stayed, modified, or set aside as provided in paragraph (5) or has ceased to be
effective on direction of the President as provided in paragraph (3).</text>
</paragraph><paragraph id="H7B6EF4BD286D455F8DA959CDF9655F7"><enum>(5)</enum><header>Limitations on
review of orders</header><text display-inline="yes-display-inline">An order of
the Commission pursuant to this subsection shall be subject to review by the
United States Court of Appeals for the District of Columbia Circuit. Review
shall be based on an examination of all the information before the Commission
at the time the order was issued. The reviewing court shall not enter a stay,
writ of mandamus, or similar relief unless the court finds, after notice and
hearing before a panel of the court, that the Commission's action is arbitrary,
capricious, an abuse of discretion, or otherwise not in accordance with
law.</text>
</paragraph><paragraph id="HF7BA17744BE84E68BDF831B8EFB02689"><enum>(6)</enum><header>Emergency
defined</header><text>In this subsection, the term <term>emergency</term>
means—</text>
<subparagraph display-inline="no-display-inline" id="HCF1948782BF346D8B2D25E2FB1B4793B"><enum>(A)</enum><text>a major market
disturbance characterized by or constituting—</text>
<clause id="H8A283F38F07B4815949F11CBC8D7D35B"><enum>(i)</enum><text>sudden and
excessive fluctuations of prices of regulated instruments generally, or a
substantial threat thereof, that threaten fair and orderly markets; or</text>
</clause><clause id="H88E85AF4762B4E0CBA67138C424C0578"><enum>(ii)</enum><text>a
substantial disruption of the safe or efficient operation of the national
system for clearance and settlement of transactions in regulated instruments,
or a substantial threat thereof; or</text>
</clause></subparagraph><subparagraph id="H6DEEB26154AF44F2BFCACA009F25457F"><enum>(B)</enum><text>a major
disturbance that substantially disrupts, or threatens to substantially
disrupt—</text>
<clause id="H4A1B2EC83AB345F78870A016BB6189B"><enum>(i)</enum><text>the
functioning of markets in regulated instruments, or any significant portion or
segment of the markets; or</text>
</clause><clause id="H24DE1E0D1C104E4699E344CD243BE57F"><enum>(ii)</enum><text>the transmission
or processing of transactions in regulated instruments.</text>
</clause></subparagraph></paragraph></subsection><subsection id="H7DA6AF5EC3AE4D33A02D9D00131403E4"><enum>(g)</enum><header>Other authority
To issue orders</header><text display-inline="yes-display-inline">The
Commission may issue such other orders as may be necessary to ensure compliance
with this part or a regulation prescribed under this part.</text>
</subsection></section><section display-inline="no-display-inline" id="H16E898512FA346B88FF26486BD2C4F08" section-type="subsequent-section"><enum>407.</enum><header>Civil judicial
enforcement</header>
<subsection display-inline="no-display-inline" id="H4D0768DB194D4AF095B3A3DB67318319"><enum>(a)</enum><header>In
general</header><text>If it appears to the Commission that a person has
engaged, is engaging, or is about to engage in any act or practice constituting
a violation of this part or a regulation or order issued under this part, the
Commission may bring an action in the appropriate district court of the United
States or United States court of any territory or other place subject to the
jurisdiction of the United States, to enjoin the act or practice, or to enforce
compliance with this part or a regulation or order issued under this
part.</text>
</subsection><subsection id="H54E47C1926CA45E2B2D4B3C2163306A6"><enum>(b)</enum><header>Forms of
relief</header>
<paragraph display-inline="no-display-inline" id="HD6E453145CE74501A05BAA72C2EDEBB"><enum>(1)</enum><header>Injunctive
relief; restraining order</header><text>On a proper showing, the court shall
grant a permanent or temporary injunction or issue a restraining order, without
bond.</text>
</paragraph><paragraph display-inline="no-display-inline" id="H6C8C724E2AF54C7DA5A66C08A82DB40"><enum>(2)</enum><header>Civil money
penalty</header>
<subparagraph id="H637DDA520D284E80958FC55BFC690063"><enum>(A)</enum><header>In
general</header><text>The Commission may seek and the court, on a proper
showing, shall have jurisdiction to impose on any person found in the action
brought under this section to have committed a violation a civil penalty in an
amount that is not more than the greater of $100,000 or triple the monetary
gain to the person for the violation.</text>
</subparagraph><subparagraph id="H0F295DF3E6CD4F42A7835E2721948E51"><enum>(B)</enum><header>Enforcement of
penalty by the Attorney General</header><text display-inline="yes-display-inline">If a person on whom such a penalty is
imposed fails to pay the penalty within the time prescribed in the order of the
court, the Commission may refer the matter to the Attorney General who shall
recover the penalty by action in the appropriate United States district
court.</text>
</subparagraph></paragraph></subsection></section><section display-inline="no-display-inline" id="HF412B954B2D44C00A3A0A5A4EA00457D" section-type="subsequent-section"><enum>408.</enum><header>Criminal
enforcement</header>
<subsection id="HFC827F2AE5C646DE9BBA022BA9DBFB82"><enum>(a)</enum><header>Violations
generally</header><text>Whoever knowingly violates section 404 or any
regulation promulgated under section 404, or willfully violates any other
provision of this part or a regulation issued under this part the violation of
which is made unlawful or the observance of which is required by or under this
part, shall be fined not more than $1,000,000 (or not more than $500,000, if
the violator is an individual), imprisoned not more than 5 years, or both, and
shall pay the costs of prosecution.</text>
</subsection><subsection id="HA70E6C87A0A34F5F9312E04F11001CB4"><enum>(b)</enum><header>Failure To
comply with cease and desist order</header>
<paragraph id="HE956A61AC2DA4A209D20FDD8753B2761"><enum>(1)</enum><header>In
general</header><text>If, after the period allowed for appeal of an order
issued under section 406(e) or after the affirmance of such an order, a person
subject to the order fails or refuses to comply with the order, the person
shall be—</text>
<subparagraph id="HDB54AC22B88F4212A8E66EBE09D11D7F"><enum>(A)</enum><text>fined not more
than the greater of $100,000 or triple the monetary gain to the person,
imprisoned not less than 6 months nor more than 1 year, or both; or</text>
</subparagraph><subparagraph id="H3ECEAC2E01C648E190E4028F550013D1"><enum>(B)</enum><text display-inline="yes-display-inline">if the failure or refusal to comply
involves a violation referred to in subsection (a) of this section, shall be
subject to the penalties provided in such subsection for the violation.</text>
</subparagraph></paragraph><paragraph id="H3D328F995A924733A84800190435B606"><enum>(2)</enum><header>Special
rule</header><text>Each day during which a failure or refusal to comply with
such an order continues is deemed a separate offense for purposes of paragraph
(1).</text>
</paragraph></subsection></section><section display-inline="no-display-inline" id="HC040B42379AA4337ABC5BA98D6D57A2" section-type="subsequent-section"><enum>409.</enum><header>Market
reports</header>
<subsection id="H62B1CB3B0E6A4366A61E9FFDACE340BD"><enum>(a)</enum><header>Collection and
analysis of information</header><text display-inline="yes-display-inline">The
Commission shall, on a continuous basis, collect and analyze the following
information on the functioning of the markets for regulated instruments
established under this part:</text>
<paragraph id="H1FF5FD0407964BA9867BD800B000CAD1"><enum>(1)</enum><text>The status of, and
trends in, the markets, including prices, trading volumes, transaction types,
and trading channels and mechanisms.</text>
</paragraph><paragraph id="H266E7385F8DE47CCABC808ADE6006FFA"><enum>(2)</enum><text>Spikes, collapses,
and volatility in prices of regulated instruments, and the causes
therefor.</text>
</paragraph><paragraph id="H33AB4BA8204B482F844FFC2775B636DC"><enum>(3)</enum><text display-inline="yes-display-inline">The relationship between the market for
emission allowances, offset credits, and allowance derivatives, and the spot
and futures markets for energy commodities, including electricity.</text>
</paragraph><paragraph id="H5DDE3EDDCBF5463DBE2E780021D015A"><enum>(4)</enum><text>Evidence of fraud
or manipulation in any such market, the effects on any such market of any such
fraud or manipulation (or threat of fraud or manipulation) that the Commission
has identified, and the effectiveness of corrective measures undertaken by the
Commission to address the fraud or manipulation, or threat.</text>
</paragraph><paragraph id="HA60B4561019A49C38F1438BDA3D52CC"><enum>(5)</enum><text display-inline="yes-display-inline">The economic effects of the markets,
including to macro- and micro-economic effects of unexpected significant
increases and decreases in the price of regulated instruments.</text>
</paragraph><paragraph id="HC77B238D73B74DCCA7F6E13F71B1C19"><enum>(6)</enum><text>Any changes in the
roles, activities, or strategies of various market participants.</text>
</paragraph><paragraph id="H975652DBB10E4C97B8B29BBB1733A51D"><enum>(7)</enum><text>Regional,
industrial, and consumer responses to the market, and energy investment
responses to the markets.</text>
</paragraph><paragraph id="HF0FFA98C3A114554BC442EF124778800"><enum>(8)</enum><text>Any other issue
related to the markets that the Commission deems appropriate.</text>
</paragraph></subsection><subsection display-inline="no-display-inline" id="HA9025FF477B84B2E9CC7004D00D4DF79"><enum>(b)</enum><header>Quarterly
reports to the Congress</header><text>Not later than 1 month after the end of
each calendar quarter, the Commission shall submit to the President, the
Committee on Energy and Commerce of the House of Representatives, and the
Committee on Environment and Public Works of the Senate, and make available to
the public, a report on the matters described in subsection (a) with respect to
the quarter, including recommendations for any administrative or statutory
measures the Commission considers necessary to address any threats to the
transparency, fairness, or integrity of the markets in regulated
instruments.</text>
</subsection></section><section id="H33A0EF9D87534B899C78ACAAB41FC4F"><enum>410.</enum><header>Application of
other provisions</header><text display-inline="no-display-inline">The
provisions of sections 3, 306 through 308, and 313 through 317 of this Act
shall not apply to the administration or enforcement of this
part.</text>
</section></part><after-quoted-block>.</after-quoted-block></quoted-block>
</section><enum>III</enum><header>INVESTING IN
AMERICA’S LOW-CARBON FUTURE</header>
<subtitle commented="no" id="H1D6EA4B856C4451DA244BACED2C7AA33"><enum>A</enum><header>Climate Trust Tax
Credits and Rebates</header>
<section id="HD51BC91B9B014D9197511B05A0C6EC1D"><enum>301.</enum><header>Purpose</header><text display-inline="no-display-inline">The purpose of this subtitle is to
distribute proceeds from emission allowance auctions under title VII of the
Clean Air Act (as added by section 101 of this Act) to middle- and low-income
households, through refundable tax credits for wage earners and senior citizens
and monthly rebates to low-income citizens, to offset any increased direct or
indirect energy costs such households may experience as a result of the
regulation of greenhouse gas emissions.</text>
</section><section id="HEBDD01442F264706AB49BA0948E6ECF3" section-type="subsequent-section"><enum>302.</enum><header>Climate Trust tax
credit for working families and senior citizens</header>
<subsection id="HB325F30BA01B4B6DB85C56E0E9167C07"><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 (relating to
refundable credits) 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="H2C7A51B04EFF4A3AB7045BE484E08BA7" style="OLC">
<section id="H6130D9D259F6494F99AA1C792544CD35"><enum>36.</enum><header>Climate trust
tax credit</header>
<subsection id="H500B643F64344EA8A963AF7365CD0037"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">In the case of an
eligible individual, there shall be allowed as a credit against the tax imposed
by this subtitle for the taxable year an amount equal to the energy cost
increase attributable to carbon regulation.</text>
</subsection><subsection id="H4C410FED657A4F72A87B37DCFA36225E"><enum>(b)</enum><header>Energy cost
increase attributable to carbon regulation</header><text>For purposes of this
section—</text>
<paragraph id="H7745D22F8E5E48869118154453C13274"><enum>(1)</enum><header>In
general</header><text>The energy cost increase attributable to carbon
regulation for any taxable year shall be an amount equal to the applicable
percentage of the base projected energy cost increase.</text>
</paragraph><paragraph id="H8BE8FAD683E54D3089D9465E6CF87E5"><enum>(2)</enum><header>Applicable
percentage</header><text display-inline="yes-display-inline">The applicable
percentage shall be determined in accordance with the following table:</text>
<table align-to-level="section" colsep="1" frame="topbot" line-rules="hor-ver" rowsep="0" rule-weights="4.4.4.0.0.0" table-template-name="Generic: 2 text, 1 num" table-type="">
<ttitle><?xm-replace_text {Table Header Entry}?></ttitle>
<tgroup cols="3" grid-typeface="1.1" rowsep="0" thead-tbody-ldg-size="10.10.10" ttitle-size="10"><colspec coldef="txt" colname="column1" colwidth="129pts" min-data-value="100"></colspec><colspec coldef="txt" colname="column2" colwidth="129pts" min-data-value="100" rowsep="0"></colspec><colspec align="center" coldef="fig" colname="column3" colwidth="56pts" min-data-value="10" rowsep="0"></colspec>
<thead>
<row><entry align="center" colname="column1" morerows="0" namest="column1"><bold>In the case of:</bold></entry><entry align="center" colname="column2" morerows="0" namest="column2"><bold>With:</bold></entry><entry align="center" colname="column3" morerows="0" namest="column3"><bold>The applicable percentage
is:</bold></entry>
</row>
</thead>
<tbody>
<row><entry colname="column1" leader-modify="force-ldr-bottom" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">An eligible individual
making a joint return</entry><entry colname="column2" leader-modify="force-ldr-bottom" rowsep="0">No qualifying
children</entry><entry colname="column3" leader-modify="force-ldr" rowsep="0">140</entry>
</row>
<row><entry colname="column1" leader-modify="clr-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry align="left" colname="column2" leader-modify="force-ldr-bottom" rowsep="0">1 qualifying
child</entry><entry colname="column3" leader-modify="force-ldr" rowsep="0">170</entry>
</row>
<row><entry colname="column1" leader-modify="clr-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry colname="column2" leader-modify="force-ldr" rowsep="0"> 2 or more qualifying
children</entry><entry colname="column3" leader-modify="force-ldr" rowsep="0">200</entry>
</row>
<row><entry colname="column1" leader-modify="clr-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0"></entry><entry colname="column3" leader-modify="clr-ldr" rowsep="0"></entry>
</row>
<row><entry colname="column1" leader-modify="force-ldr-bottom" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">An eligible individual
not making a joint return</entry><entry colname="column2" leader-modify="force-ldr-bottom" rowsep="0">No qualifying
children</entry><entry colname="column3" leader-modify="force-ldr" rowsep="0">90</entry>
</row>
<row><entry colname="column1" leader-modify="clr-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry colname="column2" leader-modify="force-ldr-bottom" rowsep="0"> 1 qualifying child</entry><entry colname="column3" leader-modify="force-ldr" rowsep="0">140</entry>
</row>
<row><entry colname="column1" leader-modify="clr-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1"></entry><entry colname="column2" leader-modify="force-ldr-bottom" rowsep="0"> 2 qualifying
children</entry><entry colname="column3" leader-modify="force-ldr" rowsep="0">170</entry>
</row>
</tbody>
</tgroup>
</table>
</paragraph><paragraph id="HBBD5D16952504F22A400552E075110F3"><enum>(3)</enum><header>Base projected
energy cost increase</header><text>The term <quote>base projected energy cost
increase</quote> means the base projected cost increase in effect under the
Climate Trust Rebate Program (section 303 of the
<short-title>Investing in Climate Action and Protection
Act</short-title>) for the calendar in which the taxable year of the taxpayer
begins.</text>
</paragraph></subsection><subsection id="HC3599B585181477E8D87DF6D9BDA4251"><enum>(c)</enum><header>Limitations</header>
<paragraph id="HA91388F19B5F4343A830D7C83619B075"><enum>(1)</enum><header>Phase-in</header><text>In
the case of a taxpayer with earned income for the taxable year of less than
$8,000, the amount allowed as a credit under subsection (a) shall not exceed
the amount which bears the same ratio to the amount which would be so allowed
as—</text>
<subparagraph id="H8400C76CF2BB45FB00CEC1A112367149"><enum>(A)</enum><text display-inline="yes-display-inline">the earned income of the taxpayer for the
taxable year, bears to</text>
</subparagraph><subparagraph id="HCBB34FA4FC8741C5A8DD9CFD8C754B17"><enum>(B)</enum><text>$8,000.</text>
</subparagraph></paragraph><paragraph id="H76C909CAE9EC4CAFAAEAF3CD5D2E00EE"><enum>(2)</enum><header>Phase-out</header>
<subparagraph id="H2990B1324F3547D79DBC27717204C598"><enum>(A)</enum><header>In
general</header><text>The amount which would (but for this paragraph) be
allowed as a credit under subsection (a) shall be reduced (but not below zero)
by the amount determined under subparagraph (B).</text>
</subparagraph><subparagraph id="H94FD424DA3734ADD91C373487007901"><enum>(B)</enum><header>Amount of
reduction</header><text>The amount determined under this subparagraph is the
amount which bears the same ratio to the amount which would be so allowed
as—</text>
<clause id="H8E7F65ADEDA04E63886989F5D9CF825D"><enum>(i)</enum><text>the excess
of—</text>
<subclause id="H635EF3F612AD48E8A75B8400F0E6B67"><enum>(I)</enum><text>the taxpayer’s
adjusted gross income (or, if greater, earned income) for the taxable year,
over</text>
</subclause><subclause id="H59C40DD44BA645DD872CDE08C900B3A8"><enum>(II)</enum><text>the applicable
amount, bears to</text>
</subclause></clause><clause id="H9E12E90A1A3D4C438DF2C0A230AC20EE"><enum>(ii)</enum><text>the applicable
denominator.</text>
</clause></subparagraph><subparagraph id="H3826DB0EF4AD43B0827BA3ADDBD27EC4"><enum>(C)</enum><header>Applicable
amount; applicable numerator</header><text>The applicable amount and applicable
denominator shall be determined in accordance with the following table:</text>
<table align-to-level="section" colsep="1" frame="topbot" line-rules="hor-ver" rowsep="0" rule-weights="4.4.4.0.0.0" subformat="S6211" table-template-name="Generic: 1 text, 2 num" table-type="">
<ttitle><?xm-replace_text {Table Header Entry}?></ttitle>
<tgroup cols="3" grid-typeface="1.1" rowsep="0" thead-tbody-ldg-size="10.10.12" ttitle-size="10"><colspec coldef="txt" colname="column1" colwidth="202pts" min-data-value="200"></colspec><colspec coldef="fig" colname="column2" colwidth="56pts" min-data-value="10"></colspec><colspec coldef="fig" colname="column3" colwidth="56pts" min-data-value="10" rowsep="0"></colspec>
<thead>
<row><entry align="center" colname="column1" morerows="0" namest="column1" rowsep="1"><bold>In the case of:</bold></entry><entry align="center" colname="column2" morerows="0" namest="column2" rowsep="1"><bold>The applicable amount is:</bold></entry><entry align="center" colname="column3" morerows="0" namest="column3" rowsep="1"><bold>The applicable
denominator is:</bold></entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">An eligible individual making a joint return</entry><entry align="right" colname="column2" leader-modify="force-ldr" rowsep="0">$70,000</entry><entry align="right" colname="column3" leader-modify="force-ldr" rowsep="0">$40,000</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">An eligible individual with one or more qualifying children
and not making a joint return</entry><entry align="right" colname="column2" leader-modify="force-ldr" rowsep="0">$50,000</entry><entry align="right" colname="column3" leader-modify="force-ldr" rowsep="0">$30,000</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">Any other eligible individual</entry><entry align="right" colname="column2" leader-modify="force-ldr" rowsep="0">$30,000</entry><entry align="right" colname="column3" leader-modify="force-ldr" rowsep="0">$20,000</entry>
</row>
</tbody>
</tgroup>
</table>
</subparagraph></paragraph></subsection><subsection id="H9184E692C4D84CF181884B27E6A92BDD"><enum>(d)</enum><header>Definitions and
special rules</header>
<paragraph id="H516DC1D52EDD4CEC8242C56200B8EB3"><enum>(1)</enum><header>Eligible
individual</header><text display-inline="yes-display-inline">For purposes of
this section—</text>
<subparagraph id="HA55755FC744A4593A769B219001E0093"><enum>(A)</enum><header>In
general</header><text>The term <quote>eligible individual</quote> means, with
respect to a taxable year, any individual who—</text>
<clause id="HEF218D9A03F440CDB0F04D7EE9913E58"><enum>(i)</enum><text>has earned income
for such taxable year, and</text>
</clause><clause id="HF0C1D7F3F25D4D8890C02FB41E82D4CA"><enum>(ii)</enum><text>is not a
dependent for whom a deduction is allowable under section 151 to another
taxpayer for any taxable year beginning in the same calendar year as such
taxable year.</text>
</clause></subparagraph><subparagraph id="HA42DF8E15C184250AF69F306344B3E6F"><enum>(B)</enum><header>Certain eligible
individual rules made applicable</header><text>Rules similar to the rules of
subparagraphs (B) through (F) of section 32(c)(1) shall apply.</text>
</subparagraph></paragraph><paragraph id="H2659F370F4254F8198C6DA2194665287"><enum>(2)</enum><header>Earned income
qualifying child</header><text>For purposes of this section, the term
<quote>earned income</quote> shall have the meaning given such term by section
32(c).</text>
</paragraph><paragraph id="H89581566B78D433092EBA0071F5C1D1"><enum>(3)</enum><header>Qualifying
child</header><text>For purposes of this section, the term <quote>qualifying
child</quote> shall have the meaning given such term by section 24.</text>
</paragraph><paragraph id="H4F265003CA704CA8897DED7E6755BF7F"><enum>(4)</enum><header>Married
individuals</header><text>In the case of an individual who is married (within
the meaning of section 7703), this section shall apply only if a joint return
is filed for the taxable year under section 6103.</text>
</paragraph><paragraph id="HC8F6B9EC6FBB4A5BB167581F00997962"><enum>(5)</enum><header>Coordination
with Climate Trust Rebate Program</header>
<subparagraph id="H5D1D812638C04F15B9530813E0A47279"><enum>(A)</enum><header>In
general</header><text>The amount which would be allowed as a credit to a
taxpayer under subsection (a) shall, before the application of subsection (c),
be reduced (but not below zero) by the amounts received by the taxpayer under
the Climate Trust Rebate Program under section 303 of the
<short-title>Investing in Climate Action and Protection
Act</short-title> for months beginning in the taxable year.</text>
</subparagraph><subparagraph id="H36BADDE58DCF499480B8E1FA6580BE2C"><enum>(B)</enum><header>Allocation of
climate trust rebates</header><text>For purposes of this subparagraph, in the
case of 2 or more eligible individuals who are members of the same household
(as defined for purposes of the Climate Trust Rebate Program) with respect to
which an amount is received under such program for any month, for each such
month beginning in the taxable year such an individual shall be treated as
receiving an amount equal to—</text>
<clause id="HDBAEDABD07CD4BDABF2D41E656FD5CBE"><enum>(i)</enum><text>the amount
received with respect to such household for such month, divided by</text>
</clause><clause id="HDDE18A20A56046E89D01A612685CA2D9"><enum>(ii)</enum><text>the number of
eligible individuals who are members of such household at the beginning of such
month.</text>
</clause></subparagraph></paragraph></subsection><subsection id="H79B8C490E79C46B89FD3CC133451B69B"><enum>(e)</enum><header>Senior citizens
climate trust credit</header>
<paragraph id="HAA9B2698930342EDA888C693AFA74573"><enum>(1)</enum><header>In
general</header><text>In the case of an individual with qualifying retirement
income for the taxable year, the taxpayer may elect to apply subsections (c)
and (d)(1) by substituting <quote>qualifying retirement income</quote> for
<quote>earned income</quote>.</text>
</paragraph><paragraph id="HFAC548209486450C85A0DB65573455EF"><enum>(2)</enum><header>Limitation</header><text>If
the taxpayer makes the election described in paragraph (1) for the taxable
year, the amount allowed as a credit under subsection (a) for such taxable year
shall not exceed an amount equal to 55 percent of the amount which would (but
for this paragraph) be so allowed.</text>
</paragraph><paragraph id="HA0FDD14819764D128B591DBF92F3D3D"><enum>(3)</enum><header>Qualifying
income</header><text>For purposes of this section, the term <quote>qualifying
retirement income</quote> means—</text>
<subparagraph display-inline="no-display-inline" id="HED39087579B54CC8AACED14C9E00DA43"><enum>(A)</enum><text display-inline="yes-display-inline">a distribution (other than a rollover)
from—</text>
<clause display-inline="no-display-inline" id="H67BCC6C7484240E5961600F1ACE82685"><enum>(i)</enum><text display-inline="yes-display-inline">a plan described in section 401(a) which
includes a trust exempt from tax under section 501(a),</text>
</clause><clause id="H10682B0B434B42B8BA19782F780580E1"><enum>(ii)</enum><text>an annuity plan
described in section 403(a),</text>
</clause><clause display-inline="no-display-inline" id="H838B286C8C2144B591722D076637E37B"><enum>(iii)</enum><text>an annuity
contract described in section 403(b),</text>
</clause><clause display-inline="no-display-inline" id="H01B5B1EFA2E3457E985D172D79880820"><enum>(iv)</enum><text>an individual
retirement account described in section 408(a),</text>
</clause><clause display-inline="no-display-inline" id="HB4EB54E1458D4FD7A7C4595926BC113"><enum>(v)</enum><text>an individual
retirement annuity described in section 408(b),</text>
</clause><clause commented="no" id="HFF4A80A0BF804240B45D8E3EA72F4CDC"><enum>(vi)</enum><text>a Roth IRA (as
defined in 408A(b)),</text>
</clause><clause display-inline="no-display-inline" id="HD7D0B97FD12C42F5B34E87D93B46C188"><enum>(vii)</enum><text>an eligible
deferred compensation plan (as defined in section 457),</text>
</clause><clause display-inline="no-display-inline" id="HA229F1A67EB3402FA7C71B2E363B04B4"><enum>(viii)</enum><text>a governmental
plan (as defined in section 414(d)),</text>
</clause><clause display-inline="no-display-inline" id="H74053F8B116145E90049990017150045"><enum>(ix)</enum><text>a trust described
in section 501(c)(18), or</text>
</clause><clause id="H9780370EA79F4FDB848067CC33158700"><enum>(x)</enum><text>any other plan,
contract, account, annuity, or trust which, at any time, has been determined by
the Secretary to be such a plan, contract, account, annuity, or trust,</text>
</clause></subparagraph><subparagraph id="H47941545EC9B401EABF1011332D76BAB"><enum>(B)</enum><text>social security
benefits (within the meaning of section 86(d)),</text>
</subparagraph><subparagraph id="H06A86E5ABAD74F0FAB64F000511400F"><enum>(C)</enum><text>any compensation or
pension received under chapter 11, chapter 13, or <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/38/15">chapter 15</external-xref> of title 38,
United States Code, and</text>
</subparagraph><subparagraph commented="no" id="H024A73E2D5E848EF9B6C4924223697E9"><enum>(D)</enum><text>any other amount
received which is in the nature of a retirement benefit
payment.</text>
</subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HFF069242751544FFB1CB52C5291E6788"><enum>(b)</enum><header>Appropriations
for refund</header><text><external-xref legal-doc="usc" parsable-cite="usc/31/1324">Section 1324(b)(2)</external-xref> of title 31, United States Code, is
amended by striking <quote>or 53(e)</quote> and inserting <quote>, 53(e), or
36</quote>.</text>
</subsection><subsection id="H0A0E896A218146B1B82B875736F56233"><enum>(c)</enum><header>Clerical
amendment</header><text display-inline="yes-display-inline">The table of
sections for subpart C of part IV of subchapter A of chapter 1 of such Code is
amended by striking the item relating to section 36 and inserting the following
new items:</text>
<quoted-block display-inline="no-display-inline" id="H582BBB608A4D46F3878B9F3300F3EEC0" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 36. Climate trust tax
credit.</toc-entry>
<toc-entry level="section">Sec. 37. Overpayments of
tax.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H8CA87DE93627458A9DD583E7E127ACA9"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after December 31, 2009.</text>
</subsection></section><section id="HF9D9DC51FE3B44E7965D1FABAA92886B"><enum>303.</enum><header>Climate Trust
rebates for low-income households</header>
<subsection id="H7F5680FF8D6B4C3F86FA42DB6136AEC1"><enum>(a)</enum><header>Definitions</header><text>For
purposes of this section:</text>
<paragraph id="H1087CC0EA0E54A7EBA6307FF3D5DEADD"><enum>(1)</enum><header>Administrator</header><text>The
term <quote>Administrator</quote> means the Administrator of the Environmental
Protection Agency or, if the President designates an alternative agency under
subsection (b)(1), the head of such agency.</text>
</paragraph><paragraph id="H0611949E827642BA84BB6CCE4EB4B134"><enum>(2)</enum><header>Base projected
cost increase</header><text>The term <quote>base projected cost
increase</quote> means an amount equal to the projected average annual
increase, for a year in direct and indirect energy costs for a 1-person
household in the middle quintile of the income scale, that results from the
regulation of greenhouse gas emissions under title VII of the Clean Air Act (as
added by section 101 of this Act), provided that each quintile shall—</text>
<subparagraph id="HCE287D91C3FE4A058BC1F5AFC555FAA7"><enum>(A)</enum><text>be based on income
adjusted for household size; and</text>
</subparagraph><subparagraph id="HF24B1841E65D40189FE6A67E8B5DA3DB"><enum>(B)</enum><text>have an equal
aggregate number of individuals.</text>
</subparagraph></paragraph><paragraph id="H6CA5153E8F294A0087C6352FC9375F2"><enum>(3)</enum><header>Elderly or
disabled member</header><text>The term <quote>elderly or disabled
member</quote> has the meaning given such term in section 3 of the Food Stamp
Act of 1977 (<external-xref legal-doc="usc" parsable-cite="usc/7/2012">7 U.S.C. 2012</external-xref>).</text>
</paragraph><paragraph id="H1246203AA76F41AA85C1B0C6E849006D"><enum>(4)</enum><header>Electronic
benefit transfer card</header><text>The term <quote>electronic benefit transfer
card</quote> means a card that makes a rebate provided under the Program
accessible to a household through an Electronic Benefits Transfer
System.</text>
</paragraph><paragraph id="H6C8249F8E4574105B9E694BE8A73EDB"><enum>(5)</enum><header>Electronic
benefit transfer system</header><text>The term <quote>Electronic Benefit
Transfer System</quote> means a system by which rebates provided under the
Program are issued from and stored in a central databank by means of electronic
benefit transfer cards.</text>
</paragraph><paragraph id="H738E4804F4CD4BE3AE00C0A1629C26B5"><enum>(6)</enum><header>Household</header><text>The
term <quote>household</quote> means—</text>
<subparagraph id="HB1D32D62911F45D9B99ED1253687141B"><enum>(A)</enum><text>an individual who
lives alone; or</text>
</subparagraph><subparagraph id="HBE0678215218403CA9C4E4CB405CD00"><enum>(B)</enum><text>a group of
individuals who live together.</text>
</subparagraph></paragraph><paragraph id="H2BE867580ED9461D8E00CC000005F7DD"><enum>(7)</enum><header>State</header><text>The
term <quote>State</quote> means any of the several States, the District of
Columbia, the Commonwealth of Puerto Rico, American Samoa, the United States
Virgin Islands, Guam, or the Commonwealth of the Northern Mariana
Islands.</text>
</paragraph><paragraph id="HA2918D49E6294BA6834FE4944116F616"><enum>(8)</enum><header>State
agency</header><text>The term <quote>State agency</quote> means—</text>
<subparagraph id="H2236D3952D8E4209ADB6C1FA8BBA5974"><enum>(A)</enum><text>an agency of a
State (including the local offices of such agency) that has the responsibility
for the administration of federally aided public assistance programs in such
State; or</text>
</subparagraph><subparagraph id="HD6FD3457801A48F180DB794605EFAF3C"><enum>(B)</enum><text>in a State in
which such programs are operated on a decentralized basis, the corresponding
local agencies that administer such programs.</text>
</subparagraph></paragraph></subsection><subsection id="H51E2720DC18244D6BFC93DE6A1A1092E"><enum>(b)</enum><header>Climate trust
rebate program</header>
<paragraph id="H126A34CF68DD477B82C7DDCC58DEE546"><enum>(1)</enum><header>Formulation and
administration of program</header><text>The Administrator of the Environmental
Protection Agency, or the head of such other Executive agency (as defined in
<external-xref legal-doc="usc" parsable-cite="usc/5/105">section 105</external-xref> of title 5 of the United States Code) as the President may
designate, shall formulate and administer in accordance with this section a
program to be known as the <quote>Climate Trust Rebate Program</quote> (in this
section referred to as the <quote>Program</quote>).</text>
</paragraph><paragraph id="HED96B41986614D0FB5A5EC157F5F00D5"><enum>(2)</enum><header>State
participation in the Program</header><text display-inline="yes-display-inline">At the request of a State, eligible
households in such State shall be provided an opportunity to receive
compensation through the issuance of a rebate in accordance with this section
for increased energy related costs resulting from compliance with the
requirements of title VII of the Clean Air Act.</text>
</paragraph><paragraph id="HED440686BD0E4E8992BBCB5741EE3718"><enum>(3)</enum><header>Funding</header><text>Rebates
under this section shall be funded from the Climate Trust Rebate Fund
established under section 722(a) of the Clean Air Act. Such funds shall be
available for expenditure, without further appropriation or fiscal year
limitation, to carry out this section.</text>
</paragraph></subsection><subsection id="HC7A2757CC13C4E66A29FC0E18373B443"><enum>(c)</enum><header>Eligibility</header><text>Subject
to subsection (d), a household shall be eligible to participate in the Program
if the State agency designated by the chief executive officer of such State to
carry out the Program in such State determines that—</text>
<paragraph id="H2181B2A4696A4FFBB43CC0C48BB87C51"><enum>(1)</enum><text>such household
contains 1 or more individuals who participate in the food stamp program under
the Food Stamp Act of 1977 (<external-xref legal-doc="usc" parsable-cite="usc/7/2011">7 U.S.C. 2011 et seq.</external-xref>); or</text>
</paragraph><paragraph id="H775A7BFD845347F3AA52CB51F95B4DD0"><enum>(2)</enum><text>such household,
without regard to whether such household includes an elderly or disabled
member, meets—</text>
<subparagraph id="H3F40E3CA80304B9F8216CE98309B3C2B"><enum>(A)</enum><text>the gross income
standard described in section 5(c)(2) of the Food Stamp Act of 1977 (7 U.S.C.
2014(c)(2)); and</text>
</subparagraph><subparagraph id="HE5D9232C2DC5497E8CAF11094B54AFA9"><enum>(B)</enum><text>the financial
resources limit described in section 5(g) the Food Stamp Act of 1977 (7 U.S.C.
2014(g)).</text>
</subparagraph></paragraph></subsection><subsection id="H5291ECAB906A48ADAA1851B5ADC05B3C"><enum>(d)</enum><header>Limitations</header><text>The
Administrator shall establish procedures to ensure that—</text>
<paragraph id="H2CE7B58E88D841F0888156F037CDEA57"><enum>(1)</enum><text>individuals who
are not—</text>
<subparagraph id="H4792CC42ADF747ACACEE287D6B00223E"><enum>(A)</enum><text>citizens or
nationals of the United States; or</text>
</subparagraph><subparagraph id="H41612A8E03E2460DAF2DF5D68870B6C6"><enum>(B)</enum><text>immigrants
lawfully residing in the United States;</text>
</subparagraph><continuation-text continuation-text-level="paragraph">are excluded
for the purpose of calculating rebates under subsection (e); and</continuation-text></paragraph><paragraph id="H5C8F52F5F23E469084D16B13980800DF"><enum>(2)</enum><text>households do not
receive more than 1 rebate per month.</text>
</paragraph></subsection><subsection id="HBBA0DCEC3F054E739E9501CFD4FC5F7"><enum>(e)</enum><header>Rebate
calculation</header>
<paragraph id="HF157B9D54E2B44C0A59141A8A5E65E41"><enum>(1)</enum><header>Base projected
cost increase</header><text display-inline="yes-display-inline">Not later than
October 1 of 2009, and of each subsequent calendar year, the Administrator of
the Energy Information Administration shall calculate and publish the base
projected cost increase for the following year.</text>
</paragraph><paragraph id="HDBBC96F654044763B406832FB9077598"><enum>(2)</enum><header>Maximum rebate
amount</header><text>The maximum rebate amount for each month of a calendar
year shall be—</text>
<subparagraph id="H286D08E7C7124751AC5FC713001EADB1"><enum>(A)</enum><text>set by the
Administrator; and</text>
</subparagraph><subparagraph id="H01D59AA63AD348EBBAE597DBB05C527B"><enum>(B)</enum><text>equal to
<fraction>1/12</fraction> of—</text>
<clause id="H7B60EC3623E442C09700DD7D1D3EA1F"><enum>(i)</enum><text>90
percent of the base projected cost increase for a household containing 1
individual;</text>
</clause><clause id="HDCD21E3D34C6432699008C7887D4FD7"><enum>(ii)</enum><text>140
percent of the base projected cost increase for a household containing 2
individuals;</text>
</clause><clause id="H2CB19595BB7F45E3B434BA924BCBC1E"><enum>(iii)</enum><text>170
percent of the base projected cost increase for a household containing 3
individuals; and</text>
</clause><clause id="H3255DFBDE6BE4CD090896693DC85C023"><enum>(iv)</enum><text>200
percent of the base projected cost increase for a household containing 4 or
more individuals.</text>
</clause></subparagraph></paragraph><paragraph id="HD33FECD6963A4FCFA964CE1EF55D954F"><enum>(3)</enum><header>Monthly rebate
amounts</header><text>Eligible households shall receive a monthly rebate
calculated in the following manner:</text>
<subparagraph id="H93C311CFCB694C9F9BD91ECFE24615A2"><enum>(A)</enum><text>A household with
gross income, as determined in the manner provided in section 5 of the Food
Stamp Act of 1977 (<external-xref legal-doc="usc" parsable-cite="usc/7/2014">7 U.S.C. 2014</external-xref>), that is less than 50 percent of the poverty
line shall receive the maximum rebate amount for a household of equal
size.</text>
</subparagraph><subparagraph id="HD7B1158560C349798837D582B320C2DE"><enum>(B)</enum><text>A household with
gross income, as determined in the manner provided in section 5 of the Food
Stamp Act of 1977 (<external-xref legal-doc="usc" parsable-cite="usc/7/2014">7 U.S.C. 2014</external-xref>), that is not less than 50 percent of the
poverty line and not more than 130 percent of the poverty line shall receive a
rebate in an amount determined in accordance with a schedule of phase-down
rates based on household size, established by the Administrator and specifying
the amount by which the otherwise applicable maximum rebate amount shall be
reduced for each dollar by which such gross income exceeds 50 percent of the
poverty line. The phase-down rate shall be—</text>
<clause id="HE67361A742F94007A5D9E604D99FB9D7"><enum>(i)</enum><text>for
household sizes of 4 or fewer individuals, equal to the maximum rebate amount
divided by 80 percent of the poverty line applicable to the particular
household size involved; and</text>
</clause><clause id="H9FC0346D09324D4E98D12F493FC35B21"><enum>(ii)</enum><text>for
household sizes of 5 or more individuals, equal to a rate determined in
accordance with a methodology established by the Administrator.</text>
</clause></subparagraph><subparagraph id="H5E57A4062EDE4557847E51F16BEBF9B7"><enum>(C)</enum><text>Households with
gross income exceeding 130 percent of the poverty line shall not be eligible to
receive a rebate under the Program.</text>
</subparagraph></paragraph></subsection><subsection id="H61274E5914B54DB99E32BA26D2E4F7A7"><enum>(f)</enum><header>Schedule and
standards for implementation of program</header><text>The Administrator shall
establish by rule a schedule and standards to implement the Program. Such
standards shall—</text>
<paragraph id="H519977A3BADF4B84AB335C01DC0067F3"><enum>(1)</enum><text>specify the
required level of household protection regarding privacy, ease of rebate use,
and access to the rebates under the Program;</text>
</paragraph><paragraph id="H2C2439DE649C42979BB685DC1B063526"><enum>(2)</enum><text>prohibit the
imposition of any fee on a household for the withdrawal or expenditure of any
part of such rebates;</text>
</paragraph><paragraph id="HC98C453C40F64EF484328385493C9321"><enum>(3)</enum><text>require States
participating in the Program to provide such rebates to recipient households
through an Electronic Benefit Transfer System or by direct deposits into
accounts established by household members at financial institutions; and</text>
</paragraph><paragraph id="H7279CB30646A4EC3A348CDFF474B46B6"><enum>(4)</enum><text>provide for the
interoperability of the Program among States and among law enforcement
authorities that monitor compliance with the Program.</text>
</paragraph></subsection><subsection id="H4C60EA46CB5A43859DC8331352C14D8C"><enum>(g)</enum><header>State
administration of program</header><text display-inline="yes-display-inline">A
participating State, and the State agency designated under subsection (b),
shall be responsible for—</text>
<paragraph id="H4AA12E730E65448994A40058E71ECFB9"><enum>(1)</enum><text>certifying the
eligibility of households to receive rebates under the Program; and</text>
</paragraph><paragraph id="H8728FDE21E1C4916B5C9F8FCA91C2B98"><enum>(2)</enum><text>issuance and
control of rebates, and accountability therefor.</text>
</paragraph></subsection><subsection commented="no" id="H66245D169A20459EBE84BED01F41F263"><enum>(h)</enum><header>Reimbursement of
state administrative costs</header><text>Subject to standards established by
the Administrator, the Administrator shall reimburse each participating State
as follows for administrative costs incurred by the designated State agency to
carry out the Program:</text>
<paragraph commented="no" id="HA134C6DE98184AB0A8788DF8321C4B05"><enum>(1)</enum><text>For 3 years such
costs shall be reimbursed at the rate of—</text>
<subparagraph commented="no" id="H0197AC6EEED24DB38655E7D82646EECD"><enum>(A)</enum><text>90 percent of any
automated data processing improvement, and Electronic Benefit Transfer contract
amendment, necessary to provide rebates under the Program; and</text>
</subparagraph><subparagraph commented="no" id="H834AB650DDEB4FEA882FB968F4003D97"><enum>(B)</enum><text>75 percent of such
costs remaining.</text>
</subparagraph></paragraph><paragraph commented="no" id="H8DE37A9C838140A9A5E37040A16B5D09"><enum>(2)</enum><text>For subsequent
years such costs shall be reimbursed at the rate of 50 percent.</text>
</paragraph></subsection><subsection id="HAA61B7B8A73449FB8167E641B32DBD58"><enum>(i)</enum><header>Treatment of
rebates</header><text>The amount of any rebate received under the Program shall
not be considered to be income or resources for any purpose under any Federal,
State, or local law, including any law relating to taxation (including income
tax) or public assistance (including programs that provide health care, cash
aid, child care, nutrition assistance, and housing assistance). No
participating State (or political subdivision thereof) shall decrease any
assistance otherwise provided to an individual or a household based on the fact
that a household applied for or received a rebate under the Program.</text>
</subsection></section></subtitle><subtitle id="HF7F0AB01E7F04A0100FE6DBAC91590C8"><enum>B</enum><header>Low-Carbon
Technology Fund</header>
<section id="HEC759F41E31A49E9A7182D7E2911AC12"><enum>311.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of this subtitle are—</text>
<paragraph id="H70A07A6E71B1423C99785E588020A900"><enum>(1)</enum><text>to encourage
rapid, sustained, and cost-effective development, demonstration, and deployment
of advanced low-carbon energy and efficiency technologies that substantially
reduce greenhouse gas emissions; and</text>
</paragraph><paragraph id="HE68F2297753B4B648D0037925FAD1F16"><enum>(2)</enum><text>to do so in a
manner that encourages economic growth and job creation in the United States,
establishes the United States as a global leader in low-carbon energy
technology innovation and production, and minimizes the cost of meeting the
climate protection objectives of this Act.</text>
</paragraph></section><section id="H0AB641AAF594488CAD954801B412DD48"><enum>312.</enum><header>Funding</header><text display-inline="no-display-inline">The Secretary of Energy shall utilize the
Low-Carbon Technology Fund established under section 722(a) of the Clean Air
Act (as added by section 101 of this Act) to carry out a comprehensive program
of research, development, demonstration, and deployment of low-carbon energy
and efficiency technologies as provided in this subtitle. Funds deposited in
the Low-Carbon Technology Fund shall be available for expenditure, without
further appropriation or fiscal year limitation, to carry out this
subtitle.</text>
</section><section id="H4417108407BC4058A47468BFC321CD82"><enum>313.</enum><header>Renewable
energy and energy efficiency research, development, and demonstration</header>
<subsection id="HAB1A7FCD86F74A95A669FA5817970CB"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">In each of fiscal
years 2010 through 2020, the Secretary of Energy shall use 35 percent of the
funds deposited in the Low-Carbon Technology Fund for renewable energy and
energy efficiency technology programs in accordance with this section. In
addition to amounts otherwise authorized to be appropriated for the programs
described in subsection (b), there are authorized to be appropriated such sums
as may be necessary for carrying out such programs for fiscal years 2010
through 2020.</text>
</subsection><subsection id="H402F4E7B434E442590E72CF3B1969507"><enum>(b)</enum><header>Allocation of
funds</header><text>Funds available under this section shall be distributed as
follows:</text>
<paragraph id="H1C2F07A46AE84399B25DE1EC9E460204"><enum>(1)</enum><header>Renewable
electricity</header><text><fraction>1/4</fraction> of such funds shall be used
to carry out—</text>
<subparagraph id="H36A1F64787F1439CA255655D4BC2DA4B"><enum>(A)</enum><text>renewable energy
programs under section 931 of the Energy Policy Act of 2005 (42 U.S.C.
16231);</text>
</subparagraph><subparagraph id="H7B1659CFC7CF41348C4677D5D097A8AD"><enum>(B)</enum><text>solar thermal
energy storage programs under section 602 of the Energy Independence and
Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17171">42 U.S.C. 17171</external-xref>);</text>
</subparagraph><subparagraph id="H1EB9C79272C742AFA64D7400D731F6DA"><enum>(C)</enum><text>photovoltaic
technology demonstration programs under section 607 of the Energy Independence
and Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17175">42 U.S.C. 17175</external-xref>);</text>
</subparagraph><subparagraph id="H6B9331A98428424B9FF03BFDD32154D5"><enum>(D)</enum><text>hydrothermal and
geothermal energy programs under sections 613 through 616 of the Energy
Independence and Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17192-95">42 U.S.C. 17192–95</external-xref>); and</text>
</subparagraph><subparagraph id="H6BFB723FBE48432396E8A6D0E8740492"><enum>(E)</enum><text>marine and
hydrokinetic renewable energy programs under sections 633 and 634 of the Energy
Independence and Security Act of 2007 (42 U.S.C. 17212 and 17213).</text>
</subparagraph></paragraph><paragraph id="H5327E803FB1C422084A96D8A606D360"><enum>(2)</enum><header>Electric
transmission and distribution efficiency</header><text><fraction>1/8</fraction>
of such funds shall be used to carry out—</text>
<subparagraph id="H4614324266034F6C9C0100FCDA446B13"><enum>(A)</enum><text>electric
transmission and distribution programs under section 925 of the Energy Policy
Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16215">42 U.S.C. 16215</external-xref>); and</text>
</subparagraph><subparagraph id="H04DEC0CED565442B9511F36C943B1FD"><enum>(B)</enum><text>smart grid
technology programs under sections 1304 and 1306 of the Energy Independence and
Security Act of 2007 (42 U.S.C. 17384 and 17386).</text>
</subparagraph></paragraph><paragraph id="H206CAF0AB1EC4908A4E5BB42AFC545C2"><enum>(3)</enum><header>Low-carbon
renewable fuels and bioenergy</header><text><fraction>1/8</fraction> of such
funds shall be used to carry out—</text>
<subparagraph id="H7DF51F112FBF4BD98056CC6B3EE09400"><enum>(A)</enum><text>biofuels and
bioenergy programs under section 932 of the Energy Policy Act of 2005 (42
U.S.C. 16232);</text>
</subparagraph><subparagraph id="HC4E660D2E62C4451952EF5198FBF40E7"><enum>(B)</enum><text>biofuels
distribution and advanced biofuels infrastructure programs under section 248 of
the Energy Independence and Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17054">42 U.S.C. 17054</external-xref>); and</text>
</subparagraph><subparagraph id="H6E1B01D0F82C4FE4AD6571C1C4120014"><enum>(C)</enum><text>biomass programs
under section 307 of the Biomass Research and Development Act of 2000 (7 U.S.C.
8606).</text>
</subparagraph></paragraph><paragraph id="HF648F1E8813D40E7A5C76D1549F9AA82"><enum>(4)</enum><header>Low-emission
vehicles</header><text><fraction>3/16</fraction> of such funds shall be used to
carry out—</text>
<subparagraph id="H6CC6C7B7FC0048EE9826C15DFC8F4F03"><enum>(A)</enum><text>advanced vehicle
efficiency technologies programs under section 911(a)(2)(A) of the Energy
Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16191">42 U.S.C. 16191(a)(2)(A)</external-xref>);</text>
</subparagraph><subparagraph id="H465A8A076E734E828620C0B00D8B18C"><enum>(B)</enum><text>efficient hybrid
and advanced diesel vehicles and components programs under section 712 of the
Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16062">42 U.S.C. 16062</external-xref>); and</text>
</subparagraph><subparagraph id="H5847402D08044578929B3FEF65B7829C"><enum>(C)</enum><text>lightweight
vehicle materials programs under section 651 of the Energy Independence and
Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17241">42 U.S.C. 17241</external-xref>).</text>
</subparagraph></paragraph><paragraph id="H2F5CAB7C064C458988D49950DF101283"><enum>(5)</enum><header>Building
efficiency</header><text display-inline="yes-display-inline"><fraction>1/8</fraction> of such funds
shall be used to carry out—</text>
<subparagraph id="HEFC30839DDE24CB6B19504CA2400CE45"><enum>(A)</enum><text>the
Zero-Net-Energy Commercial Buildings Initiative under section 422 of the Energy
Independence and Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17082">42 U.S.C. 17082</external-xref>); and</text>
</subparagraph><subparagraph id="H54086CCEAB824CF582D4BA40F51B3DF1"><enum>(B)</enum><text>building
efficiency technology programs under section 911(a)(2)(B) of the Energy Policy
Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16191">42 U.S.C. 16191</external-xref>).</text>
</subparagraph></paragraph><paragraph id="H146FB7978A744257A4A8864D51EF285"><enum>(6)</enum><header>Industrial
efficiency</header><text display-inline="yes-display-inline"><fraction>1/16</fraction> of such funds
shall be used to carry out—</text>
<subparagraph id="H0216583C473543098631FD3FA48D76AA"><enum>(A)</enum><text>the
energy-intensive industries efficiency program under section 452 of the Energy
Independence and Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17111">42 U.S.C. 17111</external-xref>); and</text>
</subparagraph><subparagraph id="HE1E4EC5CFC1D4F1EA1D5BE0476D2AE61"><enum>(B)</enum><text>the waste energy
recovery incentive grant program under section 373 of the Energy Policy and
Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/42/6343">42 U.S.C. 6343</external-xref>).</text>
</subparagraph></paragraph><paragraph id="HBFACD0565B714C59A4EB414E125306D"><enum>(7)</enum><header>Energy storage
technologies</header><text><fraction>1/16</fraction> of such funds shall be
used to carry out the energy storage technology programs under section 641 of
the Energy Independence and Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17231">42 U.S.C. 17231</external-xref>).</text>
</paragraph><paragraph id="H4B17670E5D6740E697C8DAB004B3AF21"><enum>(8)</enum><header>Advanced
research projects agency-energy</header><text><fraction>1/16</fraction> of such
funds shall be used to fund programs carried out by the Advanced Research
Projects Agency-Energy (ARPA–E) under section 5012 of the America COMPETES Act
of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/16538">42 U.S.C. 16538</external-xref>), for research and development of energy technologies
to achieve reductions in greenhouse gas emissions.</text>
</paragraph></subsection></section><section display-inline="no-display-inline" id="HDE9E18C9728D4A55B66441983DA4F4AD"><enum>314.</enum><header>Renewable
energy deployment incentives</header>
<subsection id="HE7D852D45236431BA805F4E4B3958904"><enum>(a)</enum><header>Renewable
electricity production payments</header>
<paragraph id="H77896CDECE934040A722753EF38582FC"><enum>(1)</enum><header>Allocation</header><text>In
each of fiscal years 2010 through 2030, the Secretary of Energy shall use 40
percent of funds deposited in the Low-Carbon Technology Fund, in accordance
with this subsection, to encourage deployment of renewable electricity
generation technologies.</text>
</paragraph><paragraph id="HD2AA70BA571B4D8198F3876CF6D43B37"><enum>(2)</enum><header>Regulations</header><text>Not
later than 180 days after the date of enactment of this Act, the Secretary
shall promulgate regulations establishing a program to competitively distribute
funds allocated under paragraph (1) to producers of renewable electricity
through reverse auctions, in accordance with the requirements of this
subsection.</text>
</paragraph><paragraph id="HEDB7F6300A22477098BE508F978EBB7"><enum>(3)</enum><header>Eligibility
criteria</header><text>The Secretary shall provide incentives only for the
domestic production of electricity from—</text>
<subparagraph id="H95C90BFE82FD4D83B4159E4DE9000020"><enum>(A)</enum><text>generation units
placed into service after the date of enactment of this Act that generate
electricity exclusively from solar, wind, biomass, ocean (including tidal,
wave, current, and thermal), or geothermal resources; or</text>
</subparagraph><subparagraph id="H89A60B693BC249C084BF3270FF6CED3B"><enum>(B)</enum><text>additions of new
capacity or increased efficiency that leads to increased generation at
hydroelectric projects that commenced operation prior to the date of enactment
of this Act.</text>
</subparagraph></paragraph><paragraph id="H5B45081EB8AB4A14B8A5E005F6E003D"><enum>(4)</enum><header>Reverse
auctions</header><text>The Secretary shall distribute funds among producers of
eligible renewable electricity, on a competitive basis, through reverse
auctions, based on the bids from producers in terms of dollars per
megawatt-hour of electricity generated. In deciding among bids, the Secretary
shall give preference to the lowest price bids, with the following
exceptions:</text>
<subparagraph id="HFA0C9F56F11342B2A401186BA06600E6"><enum>(A)</enum><text>The Secretary
shall seek to ensure that the categories of renewable electricity technologies
receiving funding under this subsection are diverse and that the distribution
of funding is reasonably balanced among different technologies.</text>
</subparagraph><subparagraph id="H8BFE574984BB43D795A1BE5EA2003D00"><enum>(B)</enum><text>The Secretary
shall require each bidder to notify the Secretary of any other financial
assistance the bidder may reasonably be anticipated to receive through other
Federal, State, or local government programs for the same production, and shall
seek to avoid providing payments under this subsection where the Secretary
determines that such payments are likely, in light of other Federal, State, or
local financial assistance, to provide the bidder with an unreasonably high
rate of return.</text>
</subparagraph></paragraph><paragraph id="H659072B53B2147519DD43789A89F491C"><enum>(5)</enum><header>Form of
assistance</header><text>Funds shall be distributed under this subsection
pursuant to contracts to provide production payments to producers of renewable
electricity for each year during the first 10 years of commercial service of
the generating unit. The Secretary shall not award new contracts under this
subsection after December 31, 2020.</text>
</paragraph><paragraph id="H449FFDCFC7FD4ACE98D06D83C0D1CD24"><enum>(6)</enum><header>Amount of
payments</header><text>Production payments made pursuant to this subsection
shall be distributed to each producer at the end of each year of operation in
an amount equal to the product obtained by multiplying—</text>
<subparagraph id="H3750B1ED3F104D79AE1BC03736455D84"><enum>(A)</enum><text>the price bid by
the producer per megawatt-hour of electricity generated; by</text>
</subparagraph><subparagraph id="H04E47B74DCBF4B25B97B1EF24036A4B7"><enum>(B)</enum><text>the lesser
of—</text>
<clause id="H571B6634CCBE4DD6BDB9D46F53EA4802"><enum>(i)</enum><text>the
number of megawatt-hours generated and sold by the electricity generation unit
during the preceding year; and</text>
</clause><clause id="HEF6D795371494DEF9400C92D1C8226F8"><enum>(ii)</enum><text>the
number of megawatt-hours bid for that year by the producer.</text>
</clause></subparagraph></paragraph></subsection><subsection id="HBBF92C752E6540DF00A55234BDB7B1D1"><enum>(b)</enum><header>Distributed
renewable energy technology rebates</header>
<paragraph id="HA86C5F2CC8C3489D9C7F3E3133078ED5"><enum>(1)</enum><header>Definition of
distributed renewable energy technology</header><text>For purposes of this
subsection, the term <quote>distributed renewable energy technology</quote>
means a technology that is designed to generate electric or thermal energy from
solar, wind, or geothermal resources to serve energy consumers at or near the
site at which the technology is installed.</text>
</paragraph><paragraph id="H59F75907F12949E0842D02B5CBAACE59"><enum>(2)</enum><header>Allocation</header><text>For
each of fiscal years 2010 through 2030, the Secretary of Energy shall use 5
percent of funds deposited in the Low-Carbon Technology Fund, in accordance
with this subsection, to encourage deployment of distributed renewable energy
technologies.</text>
</paragraph><paragraph id="H3241B6514CF94AAB81896BAF60060C5"><enum>(3)</enum><header>Regulations</header><text>Not
later than 180 days after the date of enactment of this Act, the Secretary of
Energy shall promulgate regulations establishing a program to distribute funds
made available under paragraph (2), in accordance with this subsection, through
rebates to persons or entities that purchase, install, and operate distributed
renewable energy technologies.</text>
</paragraph><paragraph id="H39E7D790C0DC44C8AA00A735FF7C9ECD"><enum>(4)</enum><header>Distribution of
assistance</header><text>The Secretary shall distribute rebates to persons or
entities that purchase, install, and operate distributed renewable energy
technologies either—</text>
<subparagraph id="HB9A8EBC10FB74573AF00DC107B5E7F4F"><enum>(A)</enum><text>directly;</text>
</subparagraph><subparagraph id="H0004B1AB3DD547FCB23CDA13EA257335"><enum>(B)</enum><text>through utilities
or manufacturers of distributed renewable energy technologies; or</text>
</subparagraph><subparagraph id="H711D71CF69BE4C6FAC3295270032E97B"><enum>(C)</enum><text>through such other
entities as the Secretary of Energy determines will provide a cost-effective
channel of distribution.</text>
</subparagraph></paragraph><paragraph id="HA229C7E1BA264A1C9D21F332FFE65920"><enum>(5)</enum><header>Eligibility
criteria</header>
<subparagraph id="H6E01344554B34618B089039F3B5C66CF"><enum>(A)</enum><header>Eligible
equipment</header><text>The Secretary of Energy shall provide incentives only
to persons or entities that, after the date of enactment of this Act, purchase,
install, and operate distributed renewable energy technology that is—</text>
<clause id="H54D0238CDEC94E828D55F4E8EAA4FC88"><enum>(i)</enum><text>new
equipment which uses solar energy to generate electricity, to heat or cool (or
provide hot water for use in) a structure, or to provide solar process heat,
except equipment that is used to generate energy for the purposes of heating a
swimming pool;</text>
</clause><clause id="HCD233B8561FB43579951C358DB0596ED"><enum>(ii)</enum><text>new
equipment which uses solar energy to illuminate the inside of a structure using
fiber-optic distributed sunlight;</text>
</clause><clause id="H8709C2750A854E26918EC3E3AC135853"><enum>(iii)</enum><text>new equipment
used to produce, distribute, or use energy derived from a geothermal deposit;
or</text>
</clause><clause id="H199539F0540D433591E200C62EB852D"><enum>(iv)</enum><text>a
new wind turbine which has a nameplate capacity of not greater than 100
kilowatts.</text>
</clause></subparagraph><subparagraph id="H411DC897CD4A45CFAB482284CFBA1CB8"><enum>(B)</enum><header>Limitation</header><text>Persons
or entities shall not be eligible for rebates under this section for the
purchase, installation, and operation of equipment for which they have
received, or will receive, other financial incentives provided by a Federal,
State, or local government.</text>
</subparagraph></paragraph><paragraph id="HC0AE88208D3E4F9EA989AB8E008E4CE2"><enum>(6)</enum><header>Amount of
rebates</header><text>Rebates under this section shall not exceed the lesser
of—</text>
<subparagraph id="HCA4EB7C449964DC1BB91C68416BB39D6"><enum>(A)</enum><text>30 percent of cost
of purchase and installation of eligible equipment; or</text>
</subparagraph><subparagraph id="H5C798E6AD27C422D95A8E41BD9D75CBA"><enum>(B)</enum><text>$5,000 per
site.</text>
</subparagraph></paragraph></subsection></section><section id="H665C493715884C2CBDCCE4645CCCB6D1"><enum>315.</enum><header>Carbon capture
and sequestration demonstration and deployment</header>
<subsection id="HE676A6363A1A4F7B9BDFA0DED0C79474"><enum>(a)</enum><header>Allocation</header><text>In
each of fiscal years 2010 through 2020, the Secretary of Energy shall use 20
percent of funds deposited in the Low-Carbon Technology Fund to encourage
large-scale demonstration of carbon capture and geological sequestration
technologies and early commercial deployment of such technologies at qualifying
electric generating units.</text>
</subsection><subsection id="HEFEAE7D889C14AA793C899607BCDE9D"><enum>(b)</enum><header>Demonstration of
carbon capture and sequestration</header><text>The Secretary of Energy shall
use funds allocated under subsection (a) to complete the carbon capture and
sequestration programs established under section 963 of the Energy Policy Act
of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16293">42 U.S.C. 16293</external-xref>) and section 703 of the Energy Independence and
Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17251">42 U.S.C. 17251</external-xref>). For each of fiscal years 2010 through
2013, the Secretary shall fund those programs at the full level of
authorization provided by those sections.</text>
</subsection><subsection id="H3AFA4A85EC184F9E9FF52CE700749CC3"><enum>(c)</enum><header>Early deployment
incentives for carbon capture and sequestration</header>
<paragraph id="H6B94384928A84D83B5FE50DC7E353DEA"><enum>(1)</enum><header>Allocation</header><text>In
each of fiscal years 2010 through 2020, the Secretary shall use the remaining
funds available under subsection (a), after funding the programs under
subsection (b), to encourage commercial deployment of carbon capture and
sequestration technologies at qualifying electric generating units.</text>
</paragraph><paragraph id="H13B1E04BB52F4A46AC9025E0C4919EB9"><enum>(2)</enum><header>Regulations</header><text>Not
later than 180 days after the date of enactment of this Act, the Secretary
shall promulgate regulations establishing a program to distribute funds
allocated under paragraph (1), in the form of cost-sharing grants, to owners or
operators of electric generating units in accordance with the requirements of
this subsection.</text>
</paragraph><paragraph id="H01C6480855E74753B9AD36F1BF8C5F66"><enum>(3)</enum><header>Eligibility
criteria</header><text>The Secretary shall provide incentives under this
section only to projects—</text>
<subparagraph id="HCD31416D3D7B4D1FA7ECBFB203472235"><enum>(A)</enum><text>at electric
generating units—</text>
<clause id="H85B0262E44E0450AA713BDC282235477"><enum>(i)</enum><text>with
a rated capacity of 250 megawatts or more; and</text>
</clause><clause id="HC2771107C51C47E0BB54C7F40089A805"><enum>(ii)</enum><text>that derive at
least 50 percent of their annual fuel input from coal, petroleum coke, or any
combination of these fuels;</text>
</clause></subparagraph><subparagraph id="H8167C736BDDF496D879C9665CF5F6EA"><enum>(B)</enum><text>that will achieve
the capture and geological sequestration of not less than 85 percent of the
total carbon dioxide emissions produced by the electric generating unit on an
annual average basis;</text>
</subparagraph><subparagraph id="H67774AE751AA44A48298A4E392F7E32B"><enum>(C)</enum><text>the construction
of which commences no later than December 31, 2020; and</text>
</subparagraph><subparagraph id="H10623979A939477AB84600BEA45998C1"><enum>(D)</enum><text>that do not
receive other Federal or State financial incentives, including loans, loan
guarantees, grants, or tax credits.</text>
</subparagraph></paragraph><paragraph id="H3378FAEC6BE24D529F148D139651C112"><enum>(4)</enum><header>Level of
funding</header><text>The level of assistance provided to owners or operators
of eligible electric generating units under this subsection shall be no greater
than is necessary to permit recovery of reasonable incremental capital and
operating costs of the project that are specifically attributable to
implementation of carbon capture and sequestration, taking into account the
reduced cost of compliance with section 712 of the Clean Air Act (as added by
section 101 of this Act). For purposes of this paragraph, reasonable
incremental capital and operating costs shall be determined based on the most
cost-effective reasonably available technology for capturing and sequestering
carbon dioxide emissions, taking into account the location of the electric
generating unit and the type of fuel (including coal type) used to power the
unit.</text>
</paragraph><paragraph id="H06B9594EC8EA45468C05B55FD5C8E25"><enum>(5)</enum><header>Selection
criteria</header><text>As part of the regulations promulgated under this
subsection, the Secretary shall establish objective criteria for the selection
of projects, in the event that there are more grant applicants that meet the
eligibility criteria in paragraph (3) than can be funded. Such criteria shall,
at minimum—</text>
<subparagraph id="H4D8F2EF5DA494B039C6F5948A2FF8BE5"><enum>(A)</enum><text>give preference to
projects that most cost-effectively capture and sequester carbon dioxide, so as
to maximize the tonnage of carbon dioxide sequestered per dollar of assistance
provided; and</text>
</subparagraph><subparagraph id="H7F05583681194810889C6967936E22F4"><enum>(B)</enum><text>seek to ensure
funding for projects representing a diverse range of coal types, capture
technologies, and geographic regions.</text>
</subparagraph></paragraph></subsection></section><section id="HB3C68AB3EBDF4157976DD8FBD348C4B6"><enum>316.</enum><header>Fiscal years
2021 through 2050</header>
<subsection id="H271B5DB2627C4458962139F20923EBB5"><enum>(a)</enum><header>Recommendations
to the president and congress</header><text>The reports developed under section
703(d) and (e) of this Act shall contain recommendations on the allocation of
funds from the Low Carbon Technology Fund in future fiscal years, beginning
with fiscal year 2021.</text>
</subsection><subsection id="H998D0F03BE3C492290F34839C47C4C34"><enum>(b)</enum><header>Exception</header><text>Subsection
(a) shall not apply to the first report delivered under section 703(d) or the
first report delivered under section 703(e) of this Act.</text>
</subsection><subsection id="HEA907B32706F4068AD0800C424A4AE57"><enum>(c)</enum><header>Presidential
authority</header><text>If, after the 1-year period beginning on the date of
submission of each report to which subsection (a) applies, Congress has not
enacted a statute codifying the recommendations on the allocation of funds from
the Low Carbon Technology Fund in future fiscal years or an alternative to such
recommendations, the President is authorized to allocate funds from that Fund
pursuant to the recommendations for the next 5 fiscal years.</text>
</subsection></section></subtitle><subtitle id="H1BC57C9F76F5425CB986978B47B9006B"><enum>C</enum><header>National Energy
Efficiency Fund</header>
<section id="H3AEEE0B645E84C238791C3FAB0F2BFAC"><enum>321.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of this subtitle are—</text>
<paragraph id="H8B1CE47014484DDBB1487396FB8B3B30"><enum>(1)</enum><text>to encourage
widespread adoption of energy efficiency policies and measures, including
programs to—</text>
<subparagraph id="H19B77E0A5ABD44CEBC33EEEB71DC82B8"><enum>(A)</enum><text>increase
efficiency in electricity and natural gas consumption;</text>
</subparagraph><subparagraph id="HE100767CCAA3409481673B4B5D6DA07B"><enum>(B)</enum><text>encourage the
adoption and enforcement of robust building efficiency codes;</text>
</subparagraph><subparagraph id="H1D991D7654B04232B0BA53CB99D24127"><enum>(C)</enum><text>develop and
implement policies and projects that will reduce vehicle miles traveled;</text>
</subparagraph><subparagraph id="H83FD9E7177684E32B73788E46EB8C618"><enum>(D)</enum><text>provide
weatherization and home energy assistance to low-income persons; and</text>
</subparagraph><subparagraph id="H2FD6E0CD605E4233A49BB49633C7E2FE"><enum>(E)</enum><text>encourage
recycling of energy intensive consumer goods; and</text>
</subparagraph></paragraph><paragraph id="H5250C5CFD6B649C9847B73D919A3634C"><enum>(2)</enum><text>by means of such
programs to—</text>
<subparagraph id="H54B2AC07CD3F4619AC24E3E989FB8EBF"><enum>(A)</enum><text>achieve
substantial negative- or low-cost reductions in greenhouse gas
emissions;</text>
</subparagraph><subparagraph id="H079E8F3930864DEBB54FCD4219935100"><enum>(B)</enum><text>greatly reduce the
overall cost to American consumers and businesses of achieving the climate
protection objectives of this Act; and</text>
</subparagraph><subparagraph id="HE7F0869A556A4ACABB00DEB12383559"><enum>(C)</enum><text>spur innovation,
job creation, and economic growth in the United States through investment in
energy efficiency technologies.</text>
</subparagraph></paragraph></section><section id="H87D41BF86C8144FEAFCC487B3E6EAD32"><enum>322.</enum><header>Definitions</header><text display-inline="no-display-inline">For purposes of this subtitle:</text>
<paragraph id="H831389A25CFE4A2294F41DF1F3E653E2"><enum>(1)</enum><header>National energy
efficiency fund</header><text>The term <quote>National Energy Efficiency
Fund</quote> means the National Energy Efficiency Fund established under
section 722 of the Clean Air Act (as added by section 101 of this Act).</text>
</paragraph><paragraph commented="no" id="H4DC33AAC8BE44CD191F1C4BECB7A6CF"><enum>(2)</enum><header>Secretary</header><text>The
term <quote>Secretary</quote> means the Secretary of Energy.</text>
</paragraph><paragraph id="H49DA4191C23D4565A4F7E7BBFF5CA48"><enum>(3)</enum><header>State</header><text>The
term <quote>State</quote> means—</text>
<subparagraph id="HD8B6AC9329CA41A18DB012C542094460"><enum>(A)</enum><text>a State;
and</text>
</subparagraph><subparagraph id="H80D90AECEA1643FCA201B55441004B76"><enum>(B)</enum><text>the District of
Columbia.</text>
</subparagraph></paragraph></section><section id="HED768F4C9DEF42FD998C66E9D0808D6E"><enum>323.</enum><header>Funding</header><text display-inline="no-display-inline">Funds deposited in the National Energy
Efficiency Fund shall be available for expenditure, without further
appropriation or fiscal year limitation, in accordance with the requirements of
this subtitle.</text>
</section><section display-inline="no-display-inline" id="HD5CBE4D7CE804AEFB147364212622DC7"><enum>324.</enum><header>Electricity
consumers</header>
<subsection id="HF143FAB8879D4A279C16819CABC9BCCC"><enum>(a)</enum><header>Definition of
electricity savings</header>
<paragraph id="H8BFA7F0AD69E480B970760FF2CFB046F"><enum>(1)</enum><header>In
general</header><text>The term <quote>electricity savings</quote> means a net
reduction in statewide end-use electricity consumption that is achieved through
consumer energy efficiency measures and programs over a specified time period,
relative to projected consumption for the same time period, as determined by
the Secretary.</text>
</paragraph><paragraph id="HB80299B161FC4AC1A716CF2674A3EAA5"><enum>(2)</enum><header>Inclusions</header><text>The
term <quote>electricity savings</quote> includes savings achieved as a result
of—</text>
<subparagraph id="H3EE2FE1393FD45B09C979898A32403AE"><enum>(A)</enum><text>electricity-saving
practices; and</text>
</subparagraph><subparagraph id="H3083445077DE4CAFA1705C7C68320027"><enum>(B)</enum><text>installation of
energy-saving technologies and devices.</text>
</subparagraph></paragraph><paragraph id="H06FE2A3A473448AE8CF5F79C8BF4B811"><enum>(3)</enum><header>Exclusion</header><text>The
term <quote>electricity savings</quote> does not include savings from measures
that would likely be adopted in the absence of consumer energy efficiency
measures and programs, as determined by the Secretary.</text>
</paragraph></subsection><subsection id="H07E19191BC94477B9500A8C1D3C7AE63"><enum>(b)</enum><header>Establishment of
program</header><text>In each of fiscal years 2011 through 2050, the Secretary
shall distribute 46 percent of the funds deposited in the National Energy
Efficiency Fund to States, in accordance with this section, to encourage
cost-effective investment in consumer energy efficiency measures and
programs.</text>
</subsection><subsection id="HE60AF6225D864B5F86A200477FCD01A2"><enum>(c)</enum><header>Distribution of
funds</header>
<paragraph id="HC13A10F1A7544DC0B35FD1DD5DEB7656"><enum>(1)</enum><header>In
general</header><text>The Secretary shall establish, by rule, a Start-Up
Formula and a Performance-Based Formula, in accordance with paragraphs (2) and
(3) of this subsection, to govern distribution of funds under this
section.</text>
</paragraph><paragraph id="H4859121B1B3B41098D111965D523C64E"><enum>(2)</enum><header>Start-up
formula</header><text>The Start-up Formula referred to in paragraph (1) shall
provide for the distribution of funds based on the following 2 factors, each
given equal weight:</text>
<subparagraph id="H9206A276257C4B3BB3373D481DC24736"><enum>(A)</enum><text>The proportion
that—</text>
<clause id="HC29E260EE9C740089DE0FDFB98A220F3"><enum>(i)</enum><text>the
quantity of electricity delivered to consumers within the State during the 3
calendar years preceding the calendar year in which the funds are distributed;
bears to</text>
</clause><clause id="H35AB8D061CBD42008C225600EDF3447"><enum>(ii)</enum><text>the
total quantity of electricity delivered to consumers in the United States
during those 3 calendar years.</text>
</clause></subparagraph><subparagraph id="H74AFF21F157445E29EE5DEDB4C6CB180"><enum>(B)</enum><text>The proportion
that—</text>
<clause id="H00012FEB20C94AD68F50E92E64932D59"><enum>(i)</enum><text>the
population of the State in the most recent year for which data is available for
all States, as determined by the Secretary; bears to</text>
</clause><clause id="HCCFD567AFF3F418DBC05C323F4524DF9"><enum>(ii)</enum><text>the
population of the United States in that year.</text>
</clause></subparagraph></paragraph><paragraph id="H90DB4A738C754BB18198406297B48E00"><enum>(3)</enum><header>Performance-based
formula</header><text>The Performance-Based Formula referred to in paragraph
(1) shall provide for the distribution of funds among States in direct
proportion to the quantity of electricity savings actually achieved within each
State in the prior year as a result of consumer energy efficiency measures and
programs implemented in the State. Such formula shall—</text>
<subparagraph id="HA2D73A8999834D02A8F9007123633154"><enum>(A)</enum><text>define an
appropriate baseline for calculating electricity savings;</text>
</subparagraph><subparagraph id="HA222C2EF87A54374A9FC05067288DA31"><enum>(B)</enum><text>define a minimum
level of annual statewide electricity savings, which shall not be less than 0.5
percent, necessary to qualify for funding under the formula;</text>
</subparagraph><subparagraph id="H78B80C4E0A3A484FA5FCF5CA4DE625D4"><enum>(C)</enum><text>take account of
past performance in achieving electricity savings so as not to penalize States
that have taken early action to improve efficiency; and</text>
</subparagraph><subparagraph id="H50F0D2469F0945DA8FCD6CE0D071A6A7"><enum>(D)</enum><text>maximize, to the
greatest extent possible, the incentive for States to achieve cost-effective
electricity savings.</text>
</subparagraph></paragraph><paragraph id="HB185FF97D786474F99FF2930DA985700"><enum>(4)</enum><header>Allocation</header><text>The
Secretary shall distribute the funds available under subsection (b) in
accordance with the following table:</text>
<table align-to-level="section" blank-lines-before="1" colsep="1" frame="all" line-rules="all-gen" rowsep="1" rule-weights="4.4.4.4.4.0" table-template-name="Generic: 3 text, even cols" table-type="">
<tgroup cols="3" grid-typeface="1.1" rowsep="1" thead-tbody-ldg-size="10.10.10"><colspec align="center" char="" charoff="0" coldef="txt-no-ldr" colname="column1" colwidth="105pts" min-data-value="95"></colspec><colspec align="center" coldef="txt-no-ldr" colname="column2" colwidth="105pts" min-data-value="95"></colspec><colspec align="center" coldef="txt-no-ldr" colname="column3" colwidth="105pts" min-data-value="95"></colspec>
<thead>
<row><entry align="center" colname="column1" morerows="0" namest="column1">Fiscal Year</entry><entry align="center" colname="column2" morerows="0" namest="column2">Percent of Funds Allocated According to Start-Up
Formula</entry><entry align="center" colname="column3" morerows="0" namest="column3">Percent of Funds Allocated According to Performance-Based
Formula</entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2010</entry><entry align="left" colname="column2" leader-modify="clr-ldr">100</entry><entry align="left" colname="column3" leader-modify="clr-ldr">0</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2011</entry><entry align="left" colname="column2" leader-modify="clr-ldr">100</entry><entry align="left" colname="column3" leader-modify="clr-ldr">0</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2012</entry><entry align="left" colname="column2" leader-modify="clr-ldr">50</entry><entry align="left" colname="column3" leader-modify="clr-ldr">50</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2013</entry><entry align="left" colname="column2" leader-modify="clr-ldr">50</entry><entry align="left" colname="column3" leader-modify="clr-ldr">50</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2014 through 2050</entry><entry align="left" colname="column2" leader-modify="clr-ldr">0</entry><entry align="left" colname="column3" leader-modify="clr-ldr">100</entry>
</row>
</tbody>
</tgroup>
</table>
</paragraph></subsection><subsection id="HB3760B86B40342959C0058C9742FDBF"><enum>(d)</enum><header>Eligibility</header>
<paragraph id="H816E043AE62E479289585FD14CBB2FDE"><enum>(1)</enum><header>In
general</header><text>In fiscal years 2012 and 2013, a State shall be eligible
to receive funding pursuant to both the Start-Up Formula and the
Performance-Based Formula.</text>
</paragraph><paragraph id="HDD25575635A647F200721D86E5FB0809"><enum>(2)</enum><header>Eligibility for
funds distributed based on start-up formula</header><text>To be eligible to
receive funds distributed based on the Start-Up Formula, a State must adopt a
binding statewide electricity savings target that requires such State to
achieve annual electricity savings of not less than 0.25 percent in 2011 and
2012, and not less than 0.5 percent in 2013 and 2014.</text>
</paragraph></subsection><subsection id="H1DF0D4B0C6494354BD158613F29345D"><enum>(e)</enum><header>Use of
funds</header>
<paragraph id="H656EB1D96FEB4451AB3800B88D356FEB"><enum>(1)</enum><header>In
general</header><text>A State’s use of funds distributed pursuant to this
section shall be limited to measures and programs to—</text>
<subparagraph id="H2C2F8C2FAA48494991581CE6FC749866"><enum>(A)</enum><text>increase consumer
energy efficiency;</text>
</subparagraph><subparagraph id="HD9C17F09DF4341A28200420775A2E6A"><enum>(B)</enum><text>increase
transmission and distribution efficiency; and</text>
</subparagraph><subparagraph id="HB270BCE7AA154A9E903806A9C0B911CC"><enum>(C)</enum><text>promote deployment
of—</text>
<clause id="H270F21EAC20B4475B0FE6853FFEED37C"><enum>(i)</enum><text>renewable
electricity generation;</text>
</clause><clause id="H544D245CBCCE4C77A8AA7B2E296C0042"><enum>(ii)</enum><text>advanced biofuels
that meet the baseline greenhouse gas lifecycle emissions requirements as
defined in section 211(o)(1)(B) of the Clean Air Act (<external-xref legal-doc="usc" parsable-cite="usc/42/7545">42 U.S.C. 7545(o)(1)(B)</external-xref>);
and</text>
</clause><clause id="H75E4B7EED6294E559E8FDA2CC0BC85F0"><enum>(iii)</enum><text>low-emission
vehicles.</text>
</clause></subparagraph></paragraph><paragraph id="H4284DF5F9EF54097BF65B7408BA436EE"><enum>(2)</enum><header>Certification
and verification</header><text>The Secretary shall establish—</text>
<subparagraph id="HF3ECAEAA684B487FA9141FE9F54E287D"><enum>(A)</enum><text>guidelines
specifying the types of activities for which funds distributed pursuant to this
section may be used;</text>
</subparagraph><subparagraph id="H0E0CAFA2682340199409966F124082FB"><enum>(B)</enum><text>procedures
requiring States to certify that funds distributed pursuant to this section are
used in accordance with this subsection; and</text>
</subparagraph><subparagraph id="H2D688B686199460C8E236CB42205B753"><enum>(C)</enum><text>procedures for
reviewing and verifying States’ compliance with this subsection.</text>
</subparagraph></paragraph><paragraph id="HADD82D4F55614ABE894C0750F19FBEB5"><enum>(3)</enum><header>Penalties</header><text>If
the Secretary determines that a State is not in compliance with this
subsection, the Secretary may withhold a portion of the funding, equal to twice
the amount of funding received by the State that was not spent in accordance
with the requirements in this subsection, for which such State would otherwise
be eligible under this section in later years.</text>
</paragraph></subsection><subsection id="HAB3DD803804B47CCA9A84E86C5E379E7"><enum>(f)</enum><header>Measurement,
monitoring, certification, and verification of electricity savings</header>
<paragraph id="H36879C905ABC4A6DA092000337573905"><enum>(1)</enum><header>Methods and
standards</header><text>The Secretary shall establish national measurement,
monitoring, certification, and verification methods and standards to be used to
evaluate the quantity of electricity savings achieved by a State for purposes
of distributing funds based on the Performance-Based Formula.</text>
</paragraph><paragraph id="H1070070EB93A4BEEA7DFFA93BDA94BF2"><enum>(2)</enum><header>State
requirements</header><text>As a condition of receipt of funds based on the
Performance-Based Formula, States must, in accordance with paragraph
(1)—</text>
<subparagraph id="H37653AB4723E43B49E393024674320BB"><enum>(A)</enum><text>quantify and
certify the quantity of electricity savings achieved each year by the
State;</text>
</subparagraph><subparagraph id="HAB03744FC51B470986C7C4202E7C07D4"><enum>(B)</enum><text>provide data
necessary to support and verify such claim, as determined by the Secretary;
and</text>
</subparagraph><subparagraph id="HB93B2A2ED4364FF79C77CFF9DD00A8CA"><enum>(C)</enum><text>provide
third-party verification of reported electricity savings.</text>
</subparagraph></paragraph></subsection><subsection id="H826D072E79E24ED8BD0894C32D1F1B3B"><enum>(g)</enum><header>Regulations</header><text>Not
later than January 1, 2010, the Secretary shall promulgate regulations
governing the implementation of this section. The Secretary shall review and,
as appropriate, revise such regulations at least every 5 years.</text>
</subsection></section><section id="H82299C018B4B461FB6E27512AE9652E7"><enum>325.</enum><header>Natural gas
consumers</header>
<subsection id="H8C2531B08D474B73BBC600C8D116EB05"><enum>(a)</enum><header>Definition of
natural gas savings</header>
<paragraph id="H90B478565B0740C4B22590AC48F03000"><enum>(1)</enum><header>In
general</header><text>The term <quote>natural gas savings</quote> means a net
reduction in statewide natural gas consumption by residential and commercial
consumers that is achieved through consumer energy efficiency measures and
programs over a specified time period, relative to projected consumption for
the same time period, as determined by the Secretary.</text>
</paragraph><paragraph id="H5D61E4E9EB824F38AFF0D700D9B974EF"><enum>(2)</enum><header>Inclusions</header><text>The
term <quote>natural gas savings</quote> includes savings achieved as a result
of—</text>
<subparagraph id="HE9C6A7641EB24605BAEA37E9F56606B"><enum>(A)</enum><text>natural gas-saving
practices; and</text>
</subparagraph><subparagraph id="H6AE4A7FFF68B47CCBD01B8E5B6E073DF"><enum>(B)</enum><text>installation of
energy-saving technologies and devices.</text>
</subparagraph></paragraph><paragraph id="HCB975F58EDA44139B7C9074FC8365287"><enum>(3)</enum><header>Exclusion</header><text>The
term <quote>natural gas savings</quote> does not include savings from measures
that would likely be adopted in the absence of consumer energy efficiency
measures and programs, as determined by the Secretary.</text>
</paragraph></subsection><subsection id="HF7996E799B7B4001B3983998ECD1248B"><enum>(b)</enum><header>Establishment of
program</header><text>In each of fiscal years 2011 through 2050, the Secretary
shall distribute 8 percent of the funds deposited in the National Energy
Efficiency Fund to States, in accordance with this section, to encourage
cost-effective investment in consumer energy efficiency measures and
programs.</text>
</subsection><subsection id="H35FBBDA71E284DF8BA6E6F8129FE6700"><enum>(c)</enum><header>Distribution of
funds</header>
<paragraph id="HF2B56BA5B9BD4EC9004FE086966378F2"><enum>(1)</enum><header>In
general</header><text>The Secretary shall establish, by rule, a Start-Up
Formula and a Performance-Based Formula, in accordance with paragraphs (2) and
(3) of this subsection, to govern distribution of funds under this
section.</text>
</paragraph><paragraph id="HF1399FD99BA64BECBA61EB3DB9B4E026"><enum>(2)</enum><header>Start-up
formula</header><text>The Start-up Formula referred to in paragraph (1) shall
provide for the distribution of funds based on the following 2 factors, each
given equal weight:</text>
<subparagraph id="H76EB761232DE484389F536F5F277A697"><enum>(A)</enum><text>The proportion
that—</text>
<clause id="H25231E52E6064035AC2F0968422F02FA"><enum>(i)</enum><text display-inline="yes-display-inline">the quantity of natural gas delivered to
residential and commercial consumers within the State during the 3 calendar
years preceding the calendar year in which the funds are distributed; bears
to</text>
</clause><clause id="H1E6ABD7D3C774D1282996BF5E7C11DD9"><enum>(ii)</enum><text display-inline="yes-display-inline">the total quantity of natural gas delivered
to residential and commercial consumers in the United States during those 3
calendar years.</text>
</clause></subparagraph><subparagraph id="HA09990BE6B6F41BCAB9E9EFF3282DB12"><enum>(B)</enum><text>The proportion
that—</text>
<clause id="H7014C08F856E4CA9BD3D52FD310069A3"><enum>(i)</enum><text>the
population of the State in the most recent year for which data is available for
all States, as determined by the Secretary; bears to</text>
</clause><clause id="H68C1220847C3491F82484C87FB0076CC"><enum>(ii)</enum><text>the
population of the United States in that year.</text>
</clause></subparagraph></paragraph><paragraph id="H4FF0471EF7494626851131B9DBCCAF5"><enum>(3)</enum><header>Performance-based
formula</header><text>The Performance-Based Formula referred to in paragraph
(1) shall provide for the distribution of funds among States in direct
proportion to quantity of natural gas savings actually achieved within each
State in the prior year as a result of consumer energy efficiency measures and
programs implemented in the State. Such formula shall—</text>
<subparagraph id="H15D649B125F3447991A468899C1100E1"><enum>(A)</enum><text>define an
appropriate baseline for calculating natural gas savings;</text>
</subparagraph><subparagraph id="HB5645183366343BBB831C4F095815F76"><enum>(B)</enum><text>define a minimum
level of annual statewide natural gas savings, which shall not be less than 0.5
percent, necessary to qualify for funding under the formula;</text>
</subparagraph><subparagraph id="H0595DBA30E6E49958D70A00600FD8BD5"><enum>(C)</enum><text>take account of
past performance in achieving natural gas savings so as not to penalize States
that have taken early action to improve efficiency; and</text>
</subparagraph><subparagraph id="H9F8D7EB306B24994A1DDF975330454D7"><enum>(D)</enum><text>maximize, to the
greatest extent possible, the incentive for States to achieve cost-effective
natural gas savings.</text>
</subparagraph></paragraph><paragraph id="H9C8AA31B91A04C9CAEC67C7271D02D4F"><enum>(4)</enum><header>Allocation</header><text>The
Secretary shall distribute the funds available under subsection (b) in
accordance with the following table:</text>
<table align-to-level="section" blank-lines-before="1" colsep="1" frame="all" line-rules="all-gen" rowsep="1" rule-weights="4.4.4.4.4.0" table-template-name="Generic: 3 text, even cols" table-type="">
<tgroup cols="3" grid-typeface="1.1" rowsep="1" thead-tbody-ldg-size="10.10.10"><colspec align="center" char="" charoff="0" coldef="txt-no-ldr" colname="column1" colwidth="105pts" min-data-value="95"></colspec><colspec align="center" coldef="txt-no-ldr" colname="column2" colwidth="105pts" min-data-value="95"></colspec><colspec align="center" coldef="txt-no-ldr" colname="column3" colwidth="105pts" min-data-value="95"></colspec>
<thead>
<row><entry align="center" colname="column1" morerows="0" namest="column1">Fiscal Year</entry><entry align="center" colname="column2" morerows="0" namest="column2">Percent of Funds Allocated According to Start-Up
Formula</entry><entry align="center" colname="column3" morerows="0" namest="column3">Percent of Funds Allocated According to Performance-Based
Formula</entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2010</entry><entry align="left" colname="column2" leader-modify="clr-ldr">100</entry><entry align="left" colname="column3" leader-modify="clr-ldr">0</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2011</entry><entry align="left" colname="column2" leader-modify="clr-ldr">100</entry><entry align="left" colname="column3" leader-modify="clr-ldr">0</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2012</entry><entry align="left" colname="column2" leader-modify="clr-ldr">50</entry><entry align="left" colname="column3" leader-modify="clr-ldr">50</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2013</entry><entry align="left" colname="column2" leader-modify="clr-ldr">50</entry><entry align="left" colname="column3" leader-modify="clr-ldr">50</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" stub-definition="txt-ldr" stub-hierarchy="1">2014 through 2050</entry><entry align="left" colname="column2" leader-modify="clr-ldr">0</entry><entry align="left" colname="column3" leader-modify="clr-ldr">100</entry>
</row>
</tbody>
</tgroup>
</table>
</paragraph></subsection><subsection id="HB88E1E0E5CF747F8AC5824279202DC00"><enum>(d)</enum><header>Eligibility</header>
<paragraph id="H44B1EE268B6149A3925C00D3384737BF"><enum>(1)</enum><header>In
general</header><text>In fiscal years 2012 and 2013, a State shall be eligible
to receive funding pursuant to both the Start-Up Formula and the
Performance-Based Formula.</text>
</paragraph><paragraph id="H938F7B990FC245C4BE22460791DCD1EE"><enum>(2)</enum><header>Eligibility for
funds distributed based on start-up formula</header><text display-inline="yes-display-inline">To be eligible to receive funds distributed
based on the Start-Up Formula, a State must adopt a binding statewide natural
gas savings target that requires such State to achieve annual natural gas
savings of not less than 0.25 percent of the quantity of natural gas delivered
to residential and commercial consumers in the State in 2011 and 2012, and not
less than 0.5 percent in 2013 and 2014.</text>
</paragraph></subsection><subsection id="H38F86A55294F42CEAABD58ED418BFED6"><enum>(e)</enum><header>Use of
funds</header>
<paragraph id="HE1E61AA70BD94E2E9D57F46294A666E6"><enum>(1)</enum><header>In
general</header><text>A State’s use of funds distributed pursuant to this
section shall be limited to measures and programs described in section
324(e)(1).</text>
</paragraph><paragraph id="HFBA6E6ED11A34B29A7F1F0E900430017"><enum>(2)</enum><header>Certification
and verification</header><text>The Secretary shall establish—</text>
<subparagraph id="HF81E05393D234093B881C2BB6594D871"><enum>(A)</enum><text>guidelines
specifying the types of activities for which funds distributed pursuant to this
section may be used;</text>
</subparagraph><subparagraph id="H156703773FD2455C91C4F8DDD7242C61"><enum>(B)</enum><text>procedures
requiring States to certify that funds distributed pursuant to this section are
used in accordance with this subsection; and</text>
</subparagraph><subparagraph id="H71A08F6CBA594161B42441D0D853E5E6"><enum>(C)</enum><text>procedures for
reviewing and verifying States’ compliance with this subsection.</text>
</subparagraph></paragraph><paragraph id="HC075540FBF7248B2A8892EEC76E10059"><enum>(3)</enum><header>Penalties</header><text>If
the Secretary determines that a State is not in compliance with this
subsection, the Secretary may withhold a portion of the funding, equal to twice
the amount of funding received by the State that was not spent in accordance
with the requirements in this subsection, for which such State would otherwise
be eligible under this section in later years.</text>
</paragraph></subsection><subsection id="H2BC450E106B144DCBB75AF35E52D8E76"><enum>(f)</enum><header>Measurement,
monitoring, certification, and verification of natural gas savings</header>
<paragraph id="HFBB469CE461642079F58AD0A72DC172"><enum>(1)</enum><header>Methods and
standards</header><text>The Secretary shall establish national measurement,
monitoring, certification, and verification methods and standards to be used to
evaluate the quantity of natural gas savings achieved by a State for purposes
of distributing funds based on the Performance-Based Formula.</text>
</paragraph><paragraph id="HA9DA3206EC634C8D8491ACB9F3592482"><enum>(2)</enum><header>State
requirements</header><text>As a condition of receipt of funds based on the
Performance-Based Formula, States must, in accordance with paragraph
(1)—</text>
<subparagraph id="H9DDB831F81A64EF79727DBE8BB1ED0B8"><enum>(A)</enum><text>quantify and
certify the quantity of natural gas savings achieved each year by the
State;</text>
</subparagraph><subparagraph id="HB37655F315F84A80A733F316CF6EEF65"><enum>(B)</enum><text>provide data
necessary to support and verify such claim, as determined by the Secretary;
and</text>
</subparagraph><subparagraph id="H872A02FC7EAC411BBF8E9E22759DB425"><enum>(C)</enum><text>provide
third-party verification of reported natural gas savings.</text>
</subparagraph></paragraph></subsection><subsection id="HE2D6416349AD4DF9898BBEAC09B0ABB1"><enum>(g)</enum><header>Regulations</header><text>Not
later than January 1, 2010, the Secretary shall promulgate regulations
governing the implementation of this section. The Secretary shall review and,
as appropriate, revise such regulations at least every 5 years.</text>
</subsection></section><section id="HB3842F7DED0540C8BE4DFACDC628152"><enum>326.</enum><header>Building
efficiency</header>
<subsection id="H3FAEC8157E664058B3A9FFE9F28431FB"><enum>(a)</enum><header>In
general</header><text>In each of fiscal years 2010 through 2050, the Secretary
shall distribute 12 percent of the funds deposited in the National Energy
Efficiency Fund to States to encourage adoption and enforcement of statewide
commercial and residential building efficiency codes.</text>
</subsection><subsection id="HAEA0C0FB865D4F758E8EB53DF53CB7F6"><enum>(b)</enum><header>Distribution of
funds</header><text>Not later than January 1, 2010, the Secretary shall
promulgate regulations governing distribution of funds under this section. Such
regulations shall—</text>
<paragraph id="H302244A4EC8240C2AEBE1B36C8C312CF"><enum>(1)</enum><text>provide that a
State shall qualify for receipt of funds under this section only if such State
is in compliance with section 304(c) of the Energy Conservation and Production
Act (as amended by section 601 of this Act);</text>
</paragraph><paragraph id="HD123378E0B0C4FEF8CCE8CBC46936C9D"><enum>(2)</enum><text>establish a
performance-based formula for distribution of funding under this section that
will reward States that adopt and effectively enforce statewide building
efficiency codes that achieve greater energy savings than those required under
section 304(c) of the Energy Conservation and Production Act (as amended by
section 601 of this Act), using multiple tiers of energy savings performance;
and</text>
</paragraph><paragraph id="H4026DDD1B75C4DD08459AD1CBB5B711"><enum>(3)</enum><text>establish a program
for periodic review and verification of State enforcement of building
efficiency codes to ensure the energy savings objectives of the program are
being met.</text>
</paragraph></subsection><subsection id="H6078D00F698D4502B86664FDA4E20489"><enum>(c)</enum><header>Periodic
updating</header><text>The Secretary shall review and, as appropriate, revise
the regulations adopted under subsection (b) at least every 5 years. Any
revised regulations shall adhere to the requirements set forth in paragraphs
(1) through (3) of subsection (b).</text>
</subsection></section><section id="H2669FBEC56194AF29623363C3C3E2042"><enum>327.</enum><header>Smart growth
and mass transit</header>
<subsection id="H6F3E1F35B9A94B87B4832B61F9A38F71"><enum>(a)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="H867232A3998046FBAE889351E2BC43CC"><enum>(1)</enum><header>Administrator</header><text>The
term <quote>Administrator</quote> means the Administrator of the Environmental
Protection Agency or, if the President designates an alternative agency under
subsection (b), the head of such agency.</text>
</paragraph><paragraph id="H127D9CBAE1B548E99DE4B8277273ED2F"><enum>(2)</enum><header>Eligible
entity</header><text>The term <quote>eligible entity</quote> means a State or
an eligible unit of local government.</text>
</paragraph><paragraph id="H15E7D11C7CD244EA93C8E64B7E28704E"><enum>(3)</enum><header>Eligible unit of
local government</header><text>The term <quote>eligible unit of local
government</quote> means—</text>
<subparagraph id="H1A20C07482CB475798004E1D0978B511"><enum>(A)</enum><text>a city with a
population of at least 35,000; or</text>
</subparagraph><subparagraph id="H26E7E14A856C42ECA4C2555CA7F69DDD"><enum>(B)</enum><text>a county with a
population of at least 200,000.</text>
</subparagraph></paragraph><paragraph id="H4CE695C7272C44579876009986B4DBC7"><enum>(4)</enum><header>VMT reduction
plan</header><text>The term <quote>VMT reduction plan</quote> means a
comprehensive plan to reduce vehicle miles traveled within a jurisdiction,
developed pursuant to guidelines issued by the Administrator under subsection
(d) of this section.</text>
</paragraph></subsection><subsection id="H0368B51B5A204A2785F1C01FB1E856BF"><enum>(b)</enum><header>Establishment of
program</header><text>In each of fiscal years 2010 through 2050, the
Administrator, or the head of such other Executive agency (as defined in
<external-xref legal-doc="usc" parsable-cite="usc/5/105">section 105</external-xref> of title 5, United States Code) as the President may designate,
shall distribute 20 percent of the funds deposited in the National Energy
Efficiency Fund to eligible entities in the form of grants to support the
development and implementation of strategies to reduce vehicle miles traveled
within their respective jurisdictions.</text>
</subsection><subsection id="H05B2003A076A43A3BC1EAFDDB639DAA0"><enum>(c)</enum><header>Allocation of
funds</header><text>Of amounts made available to provide grants under this
section for each fiscal year, the Administrator shall allocate—</text>
<paragraph id="HA6C89762B1D04B0D874BBD5999FE8E13"><enum>(1)</enum><text>70 percent to
eligible units of local government; and</text>
</paragraph><paragraph id="H22AD2F6440EF42D1B0398194C700B362"><enum>(2)</enum><text>30 percent to
States.</text>
</paragraph></subsection><subsection id="H725D563F5729446195E93280D4798250"><enum>(d)</enum><header>Guidelines for
VMT reduction plans and grant proposals</header><text>Not later than 18 months
after the date of enactment of this Act, the Administrator shall promulgate
guidelines for the development, by eligible units of local government and by
States, of—</text>
<paragraph id="H3E39FDED02034B38883FBE5B00D4B058"><enum>(1)</enum><text>VMT reduction
plans for the relevant jurisdiction; and</text>
</paragraph><paragraph id="HAFF84DFFC99F452A888C97EBE549D366"><enum>(2)</enum><text>proposals to use
funds provided under this section for the implementation of one or more
elements of such a plan.</text>
</paragraph></subsection><subsection id="HD4CE3BAE398448C19EB9FD33085B4648"><enum>(e)</enum><header>Planning
grants</header><text>The Administrator is authorized to make initial grants to
eligible entities to support the development of VMT reduction plans and grant
proposals in accordance with the guidelines issued under subsection (d),
including through the retention of technical consultants.</text>
</subsection><subsection id="HD9E86F1B8CED488099FCF62EF131257B"><enum>(f)</enum><header>Implementation
grants</header>
<paragraph id="H7D941A5B83AE4C9AABA4B4D1A329DCF8"><enum>(1)</enum><header>In
general</header><text>The Administrator shall award grants, on a competitive
basis, to eligible entities to support the implementation of policies,
measures, and projects that will substantially reduce vehicle miles traveled
within the relevant jurisdiction.</text>
</paragraph><paragraph id="HACE23662260D426500172000703EC973"><enum>(2)</enum><header>Requirements</header>
<subparagraph id="H2C935B8162A941BB9380F5E3E9BF8490"><enum>(A)</enum><header>In
general</header><text>The Administrator shall not provide to an eligible entity
any grant under this section until the eligible entity has submitted a VMT
reduction plan and a grant proposal that satisfy the requirements of the
guidelines established under subsection (d), and the Administrator has approved
such plan and such proposal under this subsection.</text>
</subparagraph><subparagraph id="HE6B4DFFABDE44383BBCED85C8C7B0338"><enum>(B)</enum><header>Approval by
administrator</header>
<clause id="H456241AC07B44189983700D9AAF269E3"><enum>(i)</enum><header>In
general</header><text>The Administrator shall approve or disapprove a VMT
reduction plan or grant proposal submitted under this subsection by not later
than 180 days after the date of submission of the VMT reduction plan and grant
proposal.</text>
</clause><clause id="H5DFDE870810040E5B5D41E36F9042401"><enum>(ii)</enum><header>Disapproval</header><text>If
the Administrator disapproves a VMT reduction plan or grant proposal, the
Administrator shall notify the eligible entity of the reasons for the
disapproval and the eligible entity may revise and resubmit the plan or
proposal for approval.</text>
</clause></subparagraph></paragraph><paragraph id="HC9C66D81F4E744ED83C25964275DE6EF"><enum>(3)</enum><header>Selection
criteria</header><text>In awarding grants under this subsection, the
Administrator shall seek to maximize the reduction in vehicle miles traveled
achieved per dollar of assistance provided.</text>
</paragraph><paragraph id="HD502B269CA434A2780E3CDC6DBC6643"><enum>(4)</enum><header>Use of
funds</header><text>Implementation grants provided under this section may be
used to implement any program or project that the Administrator determines is
likely to result in substantial reductions in vehicle miles traveled in the
relevant jurisdiction, including—</text>
<subparagraph id="HEC3D102AC1B746A8A9D197DBC7E54D"><enum>(A)</enum><text>efforts to increase
mass transit service and ridership, including by adding new mass transit
systems;</text>
</subparagraph><subparagraph id="HDF2945C36D8247B1A3F22F593C9786C1"><enum>(B)</enum><text>promotion of
transit-oriented and mixed-infill development, including through the updating
of relevant zoning or other regulations;</text>
</subparagraph><subparagraph id="H66597C2765714CF4BA551869AC684C0"><enum>(C)</enum><text>construction of
bicycle and pedestrian infrastructure; and</text>
</subparagraph><subparagraph id="H9BE1C141E6B14AD6BF14002309BB026E"><enum>(D)</enum><text>programs to
promote telecommuting or satellite work centers.</text>
</subparagraph></paragraph></subsection><subsection id="H499A9701E7624ECDBF27034099F4730"><enum>(g)</enum><header>Limitations</header><text>The
Administrator is authorized to establish, by regulation, appropriate
limitations on the proportion of planning grants under subsection (e) or
implementation grants under subsection (f) that can be used for administrative
expenses, revolving loan funds, or subgrants to other governmental or
nongovernmental entities.</text>
</subsection><subsection id="H3C72348DF622407AA557885F3D74D9AD"><enum>(h)</enum><header>Review and
evaluation</header>
<paragraph id="HD9192CA38B2142A2BDA5ABB4A1AD9B98"><enum>(1)</enum><header>In
general</header><text>The Administrator may review and evaluate the
administration of use of any grant awarded under this section, including by
conducting an audit, as the Administrator determines to be appropriate.</text>
</paragraph><paragraph id="H1A288F9EE8A54D34B881B35D9DABF5D2"><enum>(2)</enum><header>Withholding of
funds</header><text>The Administrator may withhold from an eligible entity any
portion of a grant to be provided to the eligible entity under the program if
the Administrator determines that the eligible entity has failed to achieve
compliance with any applicable guideline of the Administrator relating to the
program established by this section, including the misuse of misappropriation
of funds provided under this section.</text>
</paragraph></subsection></section><section id="H3D06ED5109444EFAACD143A119D9E367"><enum>328.</enum><header>Weatherization
Assistance Program and Low-Income Home Energy Assistance Program</header>
<subsection id="H7D0FA5EBB2374A2FB7D906D2C01CA585"><enum>(a)</enum><header>Weatherization
assistance program</header><text>In each of fiscal years 2010 through 2050, the
Secretary shall use 5 percent of the funds deposited in the National Energy
Efficiency Fund for the Weatherization Assistance Program for Low-Income
Persons established under part A of title IV of the Energy Conservation and
Production Act (<external-xref legal-doc="usc" parsable-cite="usc/42/6861">42 U.S.C. 6861 et seq.</external-xref>).</text>
</subsection><subsection id="HF11559C03B4B4ACFAF9CB9C555B2162F"><enum>(b)</enum><header>Low-income home
energy assistance program</header><text>In each of fiscal years 2010 through
2050, the Secretary of Health and Human Services shall use 5 percent of the
funds deposited in the National Energy Efficiency Fund for the Low-Income Home
Energy Assistance Program established under the Low Income Home Energy
Assistance Act of 1981 (<external-xref legal-doc="usc" parsable-cite="usc/42/8621">42 U.S.C. 8621 et seq.</external-xref>).</text>
</subsection></section><section id="HB17488D2E6CB4A67AF91D8A6A46F502"><enum>329.</enum><header>Recycling</header>
<subsection id="HC9FEE1BF098D43D29F883BB388520042"><enum>(a)</enum><header>Definitions</header><text>For
purposes of this section:</text>
<paragraph id="H0BF80F8D727B46F687D6768415857DF3"><enum>(1)</enum><header>Beverage</header><text>The
term <quote>beverage</quote> means water, mineral water, soda water, flavored
water, sports drinks, juice, iced tea, wine cooler, beer or other malt
beverage, or a carbonated nonalcoholic beverage of any variety in liquid form
intended for human consumption, but does not include milk or other dairy
products or dairy-derived products.</text>
</paragraph><paragraph id="H3F94D34D462D45F288BD9000073E071"><enum>(2)</enum><header>Beverage
container</header><text>The term <quote>beverage container</quote> means a
container constructed of metal, glass, plastic, or some combination of these
materials and having a capacity of up to one gallon of liquid and which is or
has been sealed and used to contain a beverage for sale in interstate
commerce.</text>
</paragraph></subsection><subsection id="HC6BAA9E380B243C4BBE939678DCF6F9D"><enum>(b)</enum><header>Establishment of
program</header><text>In each of fiscal years 2010 through 2050, the Secretary
shall distribute 4 percent of the funds deposited in the National Energy
Efficiency Fund to States that adopt and enforce statewide programs for the
recycling of beverage containers.</text>
</subsection><subsection id="H76AC347FA0694F6AA828A4C582D94849"><enum>(c)</enum><header>Distribution of
funds</header><text>Not later than January 1, 2010, the Secretary shall
promulgate regulations governing distribution of funds under this section. Such
regulations shall at a minimum—</text>
<paragraph id="HA2B057B76BA144B7B05291E13DB200EB"><enum>(1)</enum><text>provide that a
State shall qualify for receipt of funds under this section only if such
State’s recycling programs achieve a rate of recycling of at least 60 percent
of the beverage containers sold within the State each year;</text>
</paragraph><paragraph id="H999A8CFA3B574C09BAD40016B075D788"><enum>(2)</enum><text>establish a
performance-based formula for distribution of funding under this section that
will reward States that adopt and effectively enforce statewide recycling
programs for beverage containers that achieve greater rates of recycling than
are required under paragraph (1); and</text>
</paragraph><paragraph id="H0FF842FDEB5C47D6AC60041BECDA322E"><enum>(3)</enum><text>establish a
program for periodic review and verification of State programs to ensure that
claimed recycling rates are being achieved in practice.</text>
</paragraph></subsection><subsection id="H54D7E146ABC548AD9C6EA885E2C2FB65"><enum>(d)</enum><header>Periodic
updating</header><text>The Secretary shall review and, as appropriate, revise
the regulations adopted under subsection (c) at least every 5 years. Any
revised regulations shall adhere to the requirements set forth in paragraphs
(1) through (3) of subsection (c).</text>
</subsection></section></subtitle><subtitle id="HD2CC7BDF409048E895F541FC17B36151"><enum>D</enum><header>Agriculture and
Forestry Carbon Fund </header>
<section id="HC582EC341D0D4B139B0000E9A49BA86"><enum>331.</enum><header>Purpose</header><text display-inline="no-display-inline">The purpose of this subtitle is to achieve
real, verifiable, additional, permanent, and enforceable increases in carbon
sequestration by, and reductions in greenhouse emissions from, agriculture and
forest management activities within the United States through—</text>
<paragraph id="HB19FAE069EC44A90B880ADA61898BB13"><enum>(1)</enum><text>the establishment
of a program to provide financial incentives to undertake projects that achieve
these objectives; and</text>
</paragraph><paragraph id="H25F389A689CB470B913406FC7524DCF5"><enum>(2)</enum><text>the implementation
of coordinated research, education, and outreach initiatives in support of such
program.</text>
</paragraph></section><section id="HDB8A06E22F2E4314A169006D38FB90DD"><enum>332.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle—</text>
<paragraph id="HEE5FF74C84D74D86A6E083A400A837F5"><enum>(1)</enum><header>Agriculture and
forestry carbon fund</header><text>The term <quote>Agriculture and Forestry
Carbon Fund</quote> means the Agriculture and Forestry Carbon Fund established
under section 722 of the Clean Air Act (as added by section 101 of this
Act).</text>
</paragraph><paragraph id="H0F8622759140424480F1999FC58902AA"><enum>(2)</enum><header>Secretary</header><text>The
term <quote>Secretary</quote> means the Secretary of Agriculture.</text>
</paragraph></section><section display-inline="no-display-inline" id="H38BBA0C6AEEF4D55B486593F4263A096" section-type="subsequent-section"><enum>333.</enum><header>Funding</header>
<subsection id="H12C4F09D725A4826B0CCC82E179D08B"><enum>(a)</enum><header>In
general</header><text>Funds deposited in the Agriculture and Forestry Carbon
Fund shall be available for expenditure, without further appropriation or
fiscal year limitation, to carry out this subtitle.</text>
</subsection><subsection id="HDF52FEE4B5C84665839124171DCDB2C0"><enum>(b)</enum><header>Limitation</header><text>The
Secretary shall ensure that not less than 99 percent of the expenditures under
this subtitle shall be dedicated to the incentive program under section
335.</text>
</subsection></section><section id="H076EFC04637D4E2F9020630530E3172"><enum>334.</enum><header>Agricultural and
forestry greenhouse gas management research</header>
<subsection id="H1DFB9DE77CF44E7E9E4557EB8842340"><enum>(a)</enum><header>Report</header><text>Not
later than 1 year after the date of enactment of this Act, the Secretary, in
consultation with scientific and agricultural and forestry experts, shall
prepare and submit to the President and Congress a report that describes the
status of research on agricultural and forestry greenhouse gas management,
including a description of—</text>
<paragraph id="HF42760ABF8D94277A2508154AC7DCC0"><enum>(1)</enum><text>research on soil
carbon sequestration and other agricultural and forestry greenhouse gas
management that has been carried out;</text>
</paragraph><paragraph id="H5827B231C1C34C55A664D611BCB55CE3"><enum>(2)</enum><text>information on
techniques to measure and monitor increases in biological sequestration by, and
reductions in greenhouse emissions from, agriculture and forest management
activities;</text>
</paragraph><paragraph id="HDFA88AA8DC0647ABBD0095A578D79F5E"><enum>(3)</enum><text>information on
large-scale observation and monitoring of greenhouse gas emissions from and
biological sequestration by the agriculture and forestry sectors;</text>
</paragraph><paragraph id="H4300781FE76C422F93D4EFF74DFDDDDB"><enum>(4)</enum><text>any further
research that is necessary;</text>
</paragraph><paragraph id="HAB1505ACFD5B44319895D61FEFBD2909"><enum>(5)</enum><text>the proposed
priority for further research; and</text>
</paragraph><paragraph id="HA3685CA395F24FAE8F001DD4A2B16380"><enum>(6)</enum><text>the most
appropriate approaches for conducting the further research.</text>
</paragraph></subsection><subsection id="HE00D9682897847CE94B349008E10DC48"><enum>(b)</enum><header>Research</header><text>After
the date of submission of the report required under subsection (a), the
President and the Secretary (in collaboration with the member institutions of
higher education of the Consortium for Agricultural Soil Mitigation of
Greenhouse Gases, other institutions of higher education, and research
entities) shall initiate a program to conduct any further research on
agricultural and forestry greenhouse gas management that is necessary.</text>
</subsection></section><section id="HF1F8E59157104BD98CAA9851272B28C3"><enum>335.</enum><header>Incentive
program</header>
<subsection id="HD8BD488870314F9A907411FC020566C6"><enum>(a)</enum><header>Authorization</header><text display-inline="yes-display-inline">In each of fiscal years 2010 through 2050,
the Secretary shall use the funds deposited in the Agriculture and Forestry
Carbon Fund to provide incentive payments to entities that carry out projects
in the United States that meet the criteria described in this section.</text>
</subsection><subsection id="H55F9A90248304B36AC82B39DA5B40813"><enum>(b)</enum><header>Establishment of
program</header>
<paragraph id="H329F058A4C6446B185748812A9A026E2"><enum>(1)</enum><header>Regulations</header><text>Not
later than January 1, 2010, the Secretary shall, in consultation with the
Administrator, promulgate regulations establishing a program to provide
assistance to entities that carry out projects, within eligible project types
under subsections (c) and (d), that achieve real, verifiable, additional,
permanent, and enforceable increases in biological sequestration by, and
reductions in greenhouse gas emissions from, agriculture and forest management
activities within the United States.</text>
</paragraph><paragraph id="HCC7E97A9883C4CCB84796F00C194F600"><enum>(2)</enum><header>Requirements</header><text>In
designing the program under paragraph (1), the Secretary shall—</text>
<subparagraph id="HF519B02AD22A41B2973C7207D0400330"><enum>(A)</enum><text>provide for the
implementation of the requirements of this section;</text>
</subparagraph><subparagraph id="HB0474C937314436BA213CF80A498A3DF"><enum>(B)</enum><text>take into account
the findings of the report prepared under section 334(a);</text>
</subparagraph><subparagraph id="HE7B931024D964F7EA8B09DA5594DD400"><enum>(C)</enum><text>integrate the
program, as appropriate, with existing Natural Resources Conservation Service
and Forest Service assistance programs, provided that funds distributed under
this section shall not be substituted for, or otherwise used as a basis for
reducing, funding authorized or appropriated to be provided under such existing
programs;</text>
</subparagraph><subparagraph id="H0A86600BF03245F8BAA9C8BB79A20575"><enum>(D)</enum><text>seek to maximize
the reduction of greenhouse gas emissions and increases in sequestration per
dollar of assistance provided; and</text>
</subparagraph><subparagraph id="H22798CBF8CCB4FA69BD27310B6FB00AF"><enum>(E)</enum><text>incorporate any
environmental safeguards the Administrator determines necessary to ensure that
no significant environmental degradation results from projects that receive
assistance under this section.</text>
</subparagraph></paragraph></subsection><subsection id="HDEB694832EBF42248F61AC9F6831033E"><enum>(c)</enum><header>Eligible project
types</header><text>The types of projects eligible for assistance under this
section shall be limited to—</text>
<paragraph id="H82267CF1049A4DFCA05F7C074C232794"><enum>(1)</enum><text>cropland and
rangeland management practices that reduce greenhouse gas emissions (other than
emissions from the combustion of fossil fuels) or increase biological
sequestration, including—</text>
<subparagraph id="HF44A13E00C60434B8F49AEB9E5118961"><enum>(A)</enum><text>altered tillage
practices;</text>
</subparagraph><subparagraph id="H538F8D9BC4EF4620B48F0074261771C3"><enum>(B)</enum><text>winter cover
cropping, continuous cropping, and other means to increase biomass returned to
soil in lieu of planting followed by fallowing;</text>
</subparagraph><subparagraph id="HEB43DE8D171841A49DFA3CE4F320AC52"><enum>(C)</enum><text>conversion of
cropland to rangeland or grassland, on the condition that the land has been in
nonforest use for at least 10 years before the date of initiation of the
project;</text>
</subparagraph><subparagraph id="H4F26EB3C96B44783A8422B515303B0D5"><enum>(D)</enum><text>reduction of
nitrogen fertilizer use or increase in nitrogen use efficiency;</text>
</subparagraph><subparagraph id="H047AF3A000FD4D9180E00857F7F9ECA5"><enum>(E)</enum><text>reduction in the
frequency and duration of flooding of rice paddies; and</text>
</subparagraph><subparagraph id="HF533CE24B0A74DBF8535A555EDF771B2"><enum>(F)</enum><text>reduction in
carbon emissions from organic soils;</text>
</subparagraph></paragraph><paragraph id="H050127BF863D4E72A96DAC95DC3849FD"><enum>(2)</enum><text>forest management
practices that result in an increase in forest stand volume; and</text>
</paragraph><paragraph id="HEA69CAAC48AC48C8BE20A9BD3C307900"><enum>(3)</enum><text>other activities
that the Secretary determines, in consultation with the Administrator, will
result in net sequestration of carbon in wetlands or other nonforest natural
lands.</text>
</paragraph></subsection><subsection id="H43EB03BCB6B345BFA4F5062D13E0DFB5"><enum>(d)</enum><header>Excluded
activities</header><text>The Secretary, in consultation with the Administrator,
shall ensure that no assistance shall be provided under this section
for—</text>
<paragraph id="H59C73007ACC4477FAF23AC8C6BC9D33E"><enum>(1)</enum><text>any activity
eligible to receive offset credits under section 742 of the Clean Air Act (as
added by section 101 of this Act); or</text>
</paragraph><paragraph id="H92894FC7557C4434B7A6B81C04CA03FA"><enum>(2)</enum><text>any activity that
is required by or undertaken to comply with any law, including any
regulation.</text>
</paragraph></subsection><subsection id="HB84958F6CD0F442F9FF341415750DFB4"><enum>(e)</enum><header>Measurement,
monitoring, and verification protocols</header>
<paragraph id="H671FCFD3C0A84BCD9B1D7ED7B852F9CF"><enum>(1)</enum><header>In
general</header><text>The Secretary shall, in consultation with the
Administrator and taking into account the report developed under section
334(a), develop measurement, monitoring, and verification protocols and tools
for use by applicants and by the Secretary in administering this
program.</text>
</paragraph><paragraph id="H9194DC1CEB3A4FD689B72E5CA637551C"><enum>(2)</enum><header>Requirements</header><text>Such
protocols and tools shall be designed to ensure that increases in sequestration
or reductions in emissions reported by entities are accurate, real, verifiable,
additional, permanent, and enforceable.</text>
</paragraph><paragraph id="H96E3B566BD1A4D3AABF3B8FDE002EE3"><enum>(3)</enum><header>Acquisition of
new data and review of methods</header><text>The Secretary shall establish a
comprehensive field sampling program to improve the scientific bases on which
the standardized tools and methods developed under this section are
based.</text>
</paragraph><paragraph id="HA2211033248B40309D6D2B8BAA196875"><enum>(4)</enum><header>Updating</header><text>The
Secretary shall review, and revise if necessary, such protocols every five
years, taking into account research performed under this subsection, section
334(b), and the reports prepared by the National Academy of Sciences pursuant
to title VII of this Act.</text>
</paragraph></subsection><subsection id="H771D117A3D2C492B0069D01D1346EFB1"><enum>(f)</enum><header>Environmental
considerations</header>
<paragraph id="HBBB5C822AA79440FA2E92546BEDDDE00"><enum>(1)</enum><header>Coordination to
minimize negative effects</header><text>In designing and implementing the
program established under this section, the Secretary, in consultation with the
Administrator, shall act to avoid or minimize, to the maximum extent
practicable, adverse effects on human health or the environment resulting from
projects or activities receiving support under this section.</text>
</paragraph><paragraph id="H4707292572CF4AA48F33D2CA772700A4"><enum>(2)</enum><header>Use of native
plant species</header><text>Not later than January 1, 2010, the Secretary shall
promulgate regulations for the selection, use, and storage of native and
nonnative plant materials using assistance provided under this section—</text>
<subparagraph id="H0CE6C8EE44F24D02AF068EB31C1113CE"><enum>(A)</enum><text>to ensure native
species are given primary consideration in projects receiving assistance under
this section, in accordance with applicable Department of Agriculture guidance
for the use of native plant materials;</text>
</subparagraph><subparagraph id="HE56B9D940A604F41921BAE15B2A20398"><enum>(B)</enum><text>to prohibit the
use of federally designated or State-designated noxious weeds; and</text>
</subparagraph><subparagraph id="HF4C5E49C21374E92B1AEBE32AB583DD7"><enum>(C)</enum><text>to prohibit the
use of a species listed by a regional or State invasive plant council within
the applicable region or State.</text>
</subparagraph></paragraph></subsection></section><section id="H1BF130CB360042BE93A7E2DF4D61DB37"><enum>336.</enum><header>Outreach
initiative on revenue enhancement for agricultural producers and
foresters</header>
<subsection id="HCEFC828B794D4E8AA3F3314351009500"><enum>(a)</enum><header>Establishment</header><text>The
Secretary, acting through the Chief of the Natural Resources Conservation
Service, the Chief of the Forest Service, the Administrator of the Cooperative
State Research, Education, and Extension Service, and land-grant colleges and
universities, in consultation with the Administrator and the heads of other
appropriate departments and agencies, shall establish an outreach initiative to
provide information to agricultural producers, agricultural organizations,
foresters, and other landowners about opportunities under this Act to earn new
revenue.</text>
</subsection><subsection id="HEFB52D1CDDFC4EF2A975A9E9C7DC7F5B"><enum>(b)</enum><header>Components</header><text>The
initiative under this section—</text>
<paragraph id="HBD6BC57CE9A8479E981D38476BDB3390"><enum>(1)</enum><text>shall be designed
to ensure that, to the maximum extent practicable, agricultural organizations
and individual agricultural producers, foresters, and other landowners receive
detailed practical information about—</text>
<subparagraph id="H12EDC00B45FB4862B2EA8E54D939CC41"><enum>(A)</enum><text>opportunities to
receive assistance under this subtitle and related application, certification,
measurement, monitoring, and verification protocols, procedures, tools, and
requirements;</text>
</subparagraph><subparagraph id="HFF937A9E3404414E9807996518F81E91"><enum>(B)</enum><text>opportunities to
earn offset credits under subtitle E of title VII of the Clean Air Act (as
added by section 101 of this Act) and related initiation, measurement, and
verification protocols, procedures, tools, and requirements; and</text>
</subparagraph><subparagraph id="HDA314F773FEB4B37ADCB044F8377D3A2"><enum>(C)</enum><text>local, regional,
and national databases and aggregation networks to facilitate achievement,
measurement, registration, and sales of offsets;</text>
</subparagraph></paragraph><paragraph id="H69EF597719514A188CB4B6A70332E1AD"><enum>(2)</enum><text>shall
provide—</text>
<subparagraph id="HF0566956918D4178AFED2E1731B9F61C"><enum>(A)</enum><text>outreach
materials, including the handbook published under subsection (c), to interested
parties;</text>
</subparagraph><subparagraph id="HBF91F8ECD3F64EC2AF1D01BBB13DF577"><enum>(B)</enum><text>workshops;
and</text>
</subparagraph><subparagraph id="HE3A321D77CA9401CA51C00AD3B36C254"><enum>(C)</enum><text>technical
assistance; and</text>
</subparagraph></paragraph><paragraph id="H056CA56975634A3486A59530D983D9C7"><enum>(3)</enum><text>may include the
creation and development of regional marketing centers or coordination with
existing centers (including centers within the Natural Resources Conservation
Service or the Cooperative State Research, Education, and Extension Service or
at land-grant colleges and universities).</text>
</paragraph></subsection><subsection id="H2046FEACE10140278B29C25157430560"><enum>(c)</enum><header>Handbook</header>
<paragraph id="H881D5E2D27824DE38175D2F7014DDB"><enum>(1)</enum><header>In
general</header><text>Not later than 2 years after the date of enactment of
this Act, the Secretary, in consultation with the Administrator and after an
opportunity for public comment, shall publish a handbook for use by
agricultural producers, agricultural cooperatives, foresters, other landowners,
offset buyers, and other stakeholders that provides easy-to-use guidance
on—</text>
<subparagraph id="HA3A5A62542DB40F68F849DB8BB338FF"><enum>(A)</enum><text>earning assistance
under this subtitle; and</text>
</subparagraph><subparagraph id="HC3A9817B84AF4E2AA6B0B3DB75E48BD3"><enum>(B)</enum><text>securing issuance
of and marketing offset credits under subtitle E of title VII of the Clean Air
Act (as added by section 101 of this Act).</text>
</subparagraph></paragraph><paragraph id="HD085C8FA518B45BD965C420092D3E636"><enum>(2)</enum><header>Distribution</header><text>The
Secretary shall ensure, to the maximum extent practicable, that the
handbook—</text>
<subparagraph id="H899E591FD8D54DDFBA860031F326E828"><enum>(A)</enum><text>is made available
through the Internet and in other electronic media;</text>
</subparagraph><subparagraph id="HA419EE2A9A8B47A581BE9873647386FF"><enum>(B)</enum><text>includes, with
respect to the electronic form of the handbook described in subparagraph (A),
electronic forms and calculation tools to facilitate the offset credit approval
process under subtitle E of title VII of the Clean Air Act (as added by section
101 of this Act); and</text>
</subparagraph><subparagraph id="HADE1C58F112C4C5AA045B3154DCDCC2D"><enum>(C)</enum><text>is distributed
widely through land-grant colleges and universities and other appropriate
institutions.</text>
</subparagraph></paragraph></subsection></section></subtitle><subtitle id="HD16684685C0C477C8F787876CCDD4297"><enum>E</enum><header>Green Jobs
Training and Worker Transition Assistance</header>
<chapter id="H0FACA7E4D5544871B1B7BCB6AB64DF59"><enum>1</enum><header>General
provisions</header>
<section id="HCFD0654156744F3696F1C78DCCAF7801"><enum>341.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of this subtitle are—</text>
<paragraph id="H52B54AE810004A8C966C3FB018106DA3"><enum>(1)</enum><text>to support
programs that provide worker training for high-quality jobs in the growing
renewable energy and energy efficiency industries; and</text>
</paragraph><paragraph id="H1AEB1F7A915F42A1A4C007776C6F50D5"><enum>(2)</enum><text>to provide
adjustment assistance, in the form of income support, training, assistance in
purchasing health care insurance, and job placement and relocation assistance,
to any workers laid off as a result of the United States transition to a
low-carbon economy.</text>
</paragraph></section><section id="H3849392D6BC648A492CBDABD18E9DD71"><enum>342.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph display-inline="no-display-inline" id="H390E136D41A946B7BA2EF4C766763271"><enum>(1)</enum><header>Adversely
affected employment</header><text>The term <term>adversely affected
employment</term> means employment in a firm or appropriate subdivision of a
firm, if workers of such firm or subdivision are eligible to apply for
adjustment assistance under this subtitle.</text>
</paragraph><paragraph display-inline="no-display-inline" id="HE1B52114C4C04A73B3C2838467265D13"><enum>(2)</enum><header>Adversely
affected worker</header><text>The term <term>adversely affected worker</term>
means an individual who, because of lack of work in adversely affected
employment—</text>
<subparagraph id="H673175F1A26F4E64AB19AD357D99F359"><enum>(A)</enum><text>has been totally
separated or partially separated from adversely affected employment, or</text>
</subparagraph><subparagraph id="HDB092D9F1EFA444BBF00B5F6205325FD"><enum>(B)</enum><text>has been totally
separated from employment with the firm in a subdivision of which adversely
affected employment exists.</text>
</subparagraph></paragraph><paragraph display-inline="no-display-inline" id="HD4C919E0BC6F41E19B3609007040308F"><enum>(3)</enum><header>Average weekly
wage</header>
<subparagraph id="H1F4EEB83734645AB803C68628FCA5DB6"><enum>(A)</enum><header>In
general</header><text>The term <term>average weekly wage</term> means
one-thirteenth of the total wages paid to an individual in the high calendar
quarter.</text>
</subparagraph><subparagraph id="H4790B4D047854DFBAAE34F8EBAA1ECCD"><enum>(B)</enum><header>Other
definitions</header><text>In this paragraph:</text>
<clause id="H56889C8C765B48EBB50060786BA4BF3F"><enum>(i)</enum><header>High calendar
quarter</header><text>The term <quote>high calendar quarter</quote> means the
calendar quarter in which the individual’s total wages were highest among the
first 4 of the last 5 completed calendar quarters immediately before the
calendar quarter in which occurs the week with respect to which the computation
is made. Such week shall be the week in which total separation from adversely
affected employment occurred, or, in cases in which partial separation from
adversely affected employment is claimed, an appropriate week, as defined in
regulations prescribed by the Secretary.</text>
</clause><clause id="H6057213310F844279E33A579A7AF29F2"><enum>(ii)</enum><header>Calendar
quarter</header><text>The term <quote>calendar quarter</quote> means any
3-month period beginning on January 1, April 1, July 1, or October 1 of a
calendar year.</text>
</clause></subparagraph></paragraph><paragraph id="H98C6818FF6164A35BAD35F57991C25A0"><enum>(4)</enum><header>Climate change
worker transition fund</header><text display-inline="yes-display-inline">The
term <quote>Climate Change Worker Transition Fund</quote> means the Climate
Change Worker Transition Fund established under section 722 of the Clean Air
Act (as added by section 101 of this Act).</text>
</paragraph><paragraph display-inline="no-display-inline" id="H22CF6A14EBA8449CB46E25395D98E219"><enum>(5)</enum><header>Partial
separation; partially separated</header>
<subparagraph id="HA1D2DAF84F684F6CAB3380CF13849266"><enum>(A)</enum><header>In
general</header><text>The term <term>partial separation</term> or
<quote>partially separated</quote> means, with respect to an individual who has
not been totally separated, that—</text>
<clause id="H4127CD057E5B415D92ACF850BBD022AD"><enum>(i)</enum><text>the
individual’s hours of work have been reduced to 80 percent or less of the
individual’s average weekly hours in adversely affected employment, and</text>
</clause><clause id="HD9847F0382BB4E53B216048D915111BA"><enum>(ii)</enum><text>the
individual’s wages have been reduced to 80 percent or less of the individual’s
average weekly wage in adversely affected employment.</text>
</clause></subparagraph><subparagraph display-inline="no-display-inline" id="HE19DC4B41E9249539D9589E130E39F4B"><enum>(B)</enum><header>Average weekly
hours</header><text>In this paragraph, the term <term>average weekly
hours</term> means the average hours worked by the individual (excluding
overtime) in the employment from which he has been or claims to have been
separated in the 52 weeks (excluding weeks during which the individual was sick
or on vacation) preceding the week specified in the last sentence of paragraph
(3)(B)(i) of this section.</text>
</subparagraph></paragraph><paragraph id="HCF58FFB0EB224A1BA186E2C2EB758EBC"><enum>(6)</enum><header>Secretary</header><text>The
term <quote>Secretary</quote> means the Secretary of Labor.</text>
</paragraph><paragraph commented="no" id="H02C7A2329D9E43BB9EE311406A24DC9"><enum>(7)</enum><header>State; united
states</header><text display-inline="yes-display-inline">The term
<term>State</term> means any of the several States, the District of Columbia,
the Commonwealth of Puerto Rico, American Samoa, the United States Virgin
Islands, Guam, or the Commonwealth of the Northern Mariana Islands. The term
<term>United States</term>, when used in the geographical sense, includes each
of the territories identified in the preceding sentence.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H1C35EC895CE845028469C22FC118AB7F"><enum>(8)</enum><header>State
agency</header><text display-inline="yes-display-inline">The term <term>State
agency</term> means the agency of the State which administers the State
law.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HF2616EB6815041CFAD31F29900EEA517"><enum>(9)</enum><header>State
law</header><text display-inline="yes-display-inline">The term <term>State
law</term> means the unemployment compensation law of the State, approved by
the Secretary of Labor under section 3304 of the Internal Revenue Code of
1986.</text>
</paragraph><paragraph display-inline="no-display-inline" id="H238D76A2AA3249A1BAB7934E6D29CB4"><enum>(10)</enum><header>Total
separation; totally separated</header><text>The term <term>total
separation</term> or <quote>totally separated</quote> means, with respect to an
individual, the layoff or severance of the individual from employment with a
firm in which, or in a subdivision of which, adversely affected employment
exists.</text>
</paragraph><paragraph display-inline="no-display-inline" id="H8789E377C2FA4CD482A1F6BFC0BCF34E"><enum>(11)</enum><header>Unemployment
compensation benefit period</header>
<subparagraph id="HD607E3626F674CC6BB51AF7B5DA1BB13"><enum>(A)</enum><header>In
general</header><text>The term <term>unemployment compensation benefit
period</term> means, with respect to an individual—</text>
<clause id="HA7B0CAACF975492AA4A74464FE4200F3"><enum>(i)</enum><text>the
benefit year and any ensuing period, as determined under applicable State law,
during which the individual is eligible for regular compensation, additional
compensation, or extended compensation, or</text>
</clause><clause id="HBB009203434F4C2BAADAA24FE6B73B9F"><enum>(ii)</enum><text>the
equivalent to such a benefit year or ensuing period provided for under the
applicable Federal unemployment insurance law.</text>
</clause></subparagraph><subparagraph commented="no" id="H6812302F1C0646949F4F63C34291AA58"><enum>(B)</enum><header>Other
definitions</header><text display-inline="yes-display-inline">In this
paragraph, the terms <term>regular compensation</term>, <quote>extended
compensation</quote>, and <quote>additional compensation</quote> have the
meanings given such terms in paragraphs (2), (3), and (4) of section 205 of the
Federal-State Extended Unemployment Compensation Act of 1970 (26 U.S.C. 3304
note.).</text>
</subparagraph></paragraph><paragraph commented="no" id="HF6D447E52CFA4031A9E99C5382038DC"><enum>(12)</enum><header>Unemployment
insurance</header><text>The term <term>unemployment insurance</term> means the
unemployment compensation payable to an individual under any State law or
Federal unemployment compensation law, including <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/5/85">chapter 85</external-xref> of title 5, United
States Code, and the Railroad Unemployment Insurance Act.</text>
</paragraph><paragraph id="HB7080D76A44A40B79D177862FB2B77B4"><enum>(13)</enum><header>Week of
unemployment</header>
<subparagraph id="H8ECFE6F3610E40948CBA77E06CA4A335"><enum>(A)</enum><header>In
general</header><text>The term <term>week of unemployment</term> means a week
of total, part-total, or partial unemployment, as determined under the
applicable State law or Federal unemployment insurance law.</text>
</subparagraph><subparagraph id="H0AC46647885C44E0A8D057352654F6DB"><enum>(B)</enum><header>Week</header><text>In
this paragraph, the term <quote>week</quote> means a week as defined in the
applicable State law.</text>
</subparagraph></paragraph></section><section id="HFBCD190DFB9448D7AAB8DF1043BA675D"><enum>343.</enum><header>Funding</header>
<subsection id="H84F0AA9CBABE4858B664A29A8B923D1"><enum>(a)</enum><header>In
general</header><text>Funds deposited in the Climate Change Worker Transition
Fund shall be available for expenditure by the Secretary, in accordance with
this section, without further appropriation or fiscal year limitation.</text>
</subsection><subsection id="HC41FB07F30284B48A5DF9EE93FA0CD68"><enum>(b)</enum><header>Energy
efficiency and renewable energy worker training program</header><text>In each
of fiscal years 2010 through 2050, the Secretary shall use 25 percent of the
funds deposited in the Climate Change Worker Transition Fund to implement the
energy efficiency and renewable energy worker training program established
under section 171(e) of the Workforce Investment Act of 1998 (29 U.S.C.
2916(e)).</text>
</subsection><subsection id="H793ECDEAC4354F13824D46C2CFBEB5EA"><enum>(c)</enum><header>Adjustment
assistance program</header>
<paragraph id="H056904336D314FF7BFD7CAB6DF947B4"><enum>(1)</enum><header>In
general</header><text>In each of fiscal years 2010 through 2050, 75 percent of
the funds deposited in the Climate Change Worker Transition Fund shall be
available to the Secretary to carry out the worker transition program
established under this subtitle.</text>
</paragraph><paragraph id="HB1534988EA6D4890A5D17D5B6DF2F649"><enum>(2)</enum><header>Remaining
funds</header><text>If, at the end of any fiscal year, after the requirements
for worker transition assistance under chapter 2 of this subtitle have been
fully satisfied, any of the funds described in paragraph (1) remain unexpended,
such funds shall be used to by the Secretary to implement the energy efficiency
and renewable energy worker training program described in subsection (b) of
this section.</text>
</paragraph></subsection></section><section id="HF09832881BAA47AA9D500075550507FE"><enum>344.</enum><header>Establishment
of worker transition assistance program</header>
<subsection id="H3B3CB198970845A383570702DE97F6A2"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Not later than 1 year
after the date of the enactment of this Act, the Secretary shall establish a
program to provide adjustment assistance under this subtitle to workers
separated from employment as a result of the implementation of title VII of the
Clean Air Act (as added by section 101 of this Act).</text>
</subsection><subsection id="H30AAF62D49964B2EA3B7C2800ACF356"><enum>(b)</enum><header>Regulations</header><text>The
Secretary shall promulgate regulations, consistent with the requirements of
this subtitle, to implement the program established under subsection
(a).</text>
</subsection></section><section id="H60D2FCFCABAA4231A236879D9D11F00"><enum>345.</enum><header>Petition and
certification of eligibility</header>
<subsection id="HAECB39AD2B2143BB90EFE6556DB42132"><enum>(a)</enum><header>Filing of
petition</header><text>A petition for certification of eligibility to apply for
adjustment assistance under this subtitle may be filed with the Secretary by
any of the following:</text>
<paragraph id="H616785E28DCA40F8A049DC52D44D03C9"><enum>(1)</enum><text>A
group of workers.</text>
</paragraph><paragraph id="HADF5EA1E30AA48D5867EF9BC8031783"><enum>(2)</enum><text>A
certified or recognized union or other duly authorized representative of such
workers.</text>
</paragraph><paragraph id="HACD15C0A1FFB4FC1BCD88036EFEC89BF"><enum>(3)</enum><text>Employers of such
workers, one-stop operators or one-stop partners (as defined in section 101 of
the Workforce Investment Act of 1998 (<external-xref legal-doc="usc" parsable-cite="usc/29/2801">29 U.S.C. 2801</external-xref>)), including State
employment security agencies, or the State dislocated worker unit established
under title I of such Act, on behalf of such workers.</text>
</paragraph></subsection><subsection commented="no" id="HB337FEF57C434400B067311D36B7E9FF"><enum>(b)</enum><header>Determination by
secretary</header><text>The Secretary, within 30 days after receiving a
petition under subsection (a), shall determine whether the petition meets the
eligibility requirements described in section 346. Upon a determination that
the petition meets such requirements, the Secretary shall issue to workers
covered by the petition a certification of eligibility to apply for adjustment
assistance under this subtitle.</text>
</subsection></section><section id="HD47620641F2E4957A368129124AA2301"><enum>346.</enum><header>Group
eligibility requirements</header>
<subsection id="HB3B83C70BE354B698FFA0080E20700EB"><enum>(a)</enum><header>In
general</header><text>A group of workers shall be eligible to apply for
adjustment assistance under this subtitle pursuant to a petition filed under
section 345(a) if the Secretary determines that—</text>
<paragraph id="H648119F7F78F4DDB81DBDCFEDBE8415D"><enum>(1)</enum><text>a
significant number or proportion of the workers in such workers’ firm, or an
appropriate subdivision of the firm, have become totally separated or partially
separated, or are threatened to become totally separated or partially
separated, from adversely affected employment;</text>
</paragraph><paragraph id="HA51135703D8C4D76B5D7199BEF68491D"><enum>(2)</enum><text>the sales or
production, or both, of such firm or subdivision have decreased absolutely;
and</text>
</paragraph><paragraph id="HD3F123C0AD84454F80C1FB5CA09C9DAB"><enum>(3)</enum><text display-inline="yes-display-inline">compliance with the requirements of title
VII of the Clean Air Act (as added by section 101 of this Act) contributed
importantly to such workers’ separation or threat of separation from
employment.</text>
</paragraph></subsection><subsection id="H56D1FEC130A14420BBD185AE4C5FA2FE"><enum>(b)</enum><header>Definition of
<quote>contributed importantly</quote></header><text>In subsection (a)(3), the
term <quote>contributed importantly</quote> means a cause which is important
but not necessarily more important than any other cause.</text>
</subsection></section><section id="HFB246E3FE6264137ABD3BE58C8B8C29D"><enum>347.</enum><header>Benefit
information for workers</header>
<subsection id="H391ED3FEE810435F824994CA281722E2"><enum>(a)</enum><header>In
general</header><text>The Secretary shall provide full information to workers
about the adjustment assistance under this subtitle and about the petition and
application procedures, and the appropriate filing dates, for such adjustment
assistance. The Secretary shall provide whatever assistance is necessary to
enable groups of workers to prepare petitions or applications for adjustment
assistance under this subtitle. In providing such information and assistance to
workers under this section, the Secretary shall, to the extent possible, seek
to cooperate with the certified or recognized union or other duly authorized
representative of such workers.</text>
</subsection><subsection id="HE7F951DDD04442CEB37D001B5FAFD121"><enum>(b)</enum><header>Notice of
benefits</header>
<paragraph id="H53D68ABAA9FB4294924C10EA82D6CD2E"><enum>(1)</enum><header>To
workers</header><text display-inline="yes-display-inline">The Secretary shall
provide written notice through the mail of the adjustment assistance available
under this subtitle to each worker whom the Secretary has reason to believe is
covered by a certification made under this subtitle—</text>
<subparagraph id="H567AF273633B42A4A035340500CC18AD"><enum>(A)</enum><text>at the time such
certification is made, if the worker was partially separated or totally
separated from adversely affected employment before such certification;
or</text>
</subparagraph><subparagraph id="H3669ADE6986F4082BA574C396BCD3C6C"><enum>(B)</enum><text display-inline="yes-display-inline">at the time of total separation or partial
separation from adversely affected employment of the worker, if subparagraph
(A) does not apply.</text>
</subparagraph></paragraph><paragraph id="HEA1816ABFCE24C3FAF6FCC72D720B35E"><enum>(2)</enum><header>To
representatives of workers</header><text>The Secretary shall provide notice of
the adjustment assistance available under this subtitle to the certified or
recognized union or other duly authorized representative of workers described
in paragraph (1).</text>
</paragraph><paragraph id="H0B580E74F5824ECB9CF4087121F20094"><enum>(3)</enum><header>General
publication</header><text>The Secretary shall publish notice of the adjustment
assistance available under this subtitle to workers covered by each
certification made under this subtitle in newspapers of general circulation in
the areas in which the workers reside and on the Internet.</text>
</paragraph></subsection></section></chapter><chapter id="H64D2CFFEFC704780B9FA5D48F646F2B"><enum>2</enum><header>Program
benefits</header>
<section id="HA1F11D797500452E9400139C15C9EA2F"><enum>351.</enum><header>Income support
assistance</header>
<subsection id="H2769D8B05DFD408BB3AD9248E6890500"><enum>(a)</enum><header>In
general</header><text>An adversely affected worker who is covered by a
certification issued by the Secretary under section 345(b) and who applies for
adjustment assistance under this subtitle shall be provided income support
assistance in the form of a weekly adjustment allowance in accordance with the
requirements of this section.</text>
</subsection><subsection id="HC74DCF9F9BA74FC6A812A8E5C1BF409E"><enum>(b)</enum><header>Eligibility
requirements</header><text>An adversely affected worker shall be eligible to
receive a weekly adjustment allowance under this section if the following
conditions are met:</text>
<paragraph id="HBA5916C50B2E4F1DB005D00817FDEA85"><enum>(1)</enum><header>Unemployment</header><text>The
worker is unemployed for the week for which the adjustment allowance is
paid.</text>
</paragraph><paragraph id="H8F0EA19BB2144075B61C05A851458C64"><enum>(2)</enum><header>Date of
separation</header><text>The worker’s total separation or partial separation
from adversely affected employment occurred—</text>
<subparagraph id="H6C467087789F4F55900100E0DE02F2FD"><enum>(A)</enum><text>on or after the
date, as specified in the certification under which the worker is covered, on
which total separation or partial separation from adversely affected employment
began or threatened to begin; and</text>
</subparagraph><subparagraph id="H86E5FFE27C4145C680B0A93727724143"><enum>(B)</enum><text>before the
expiration of the 2-year period beginning on the date on which the Secretary’s
determination under section 345(b) was made.</text>
</subparagraph></paragraph><paragraph id="H7BB41B967BE142C08728DEEDDBDB6F76"><enum>(3)</enum><header>Prior
employment</header><text>The worker had, in the 52-week period ending with the
week in which total separation or partial separation from adversely affected
employment occurred—</text>
<subparagraph id="H08874B3003104C0F9105F547D796B6C5"><enum>(A)</enum><text>at least 26 weeks
of employment in adversely affected employment with a single firm or
subdivision of a firm; or</text>
</subparagraph><subparagraph id="HECBA786A7D0742AF9DE3EB38B179392F"><enum>(B)</enum><text>if data with
respect to weeks of employment with a firm are not available, equivalent
amounts of employment computed under regulations prescribed by the
Secretary.</text>
</subparagraph></paragraph><paragraph id="HBB1C84A080BA49EDB42C2739972B8946"><enum>(4)</enum><header>Enrollment in
training program</header><text>The worker—</text>
<subparagraph id="H8D377064B9FB460A96461B518FF68703"><enum>(A)</enum><text display-inline="yes-display-inline">is enrolled in a training program approved
by the Secretary under section 352(b)(2) and such enrollment began by the later
of—</text>
<clause id="H6F94BFD89F664475B6008CBB4D554D66"><enum>(i)</enum><text>the
last day of the 26th week of the worker’s initial unemployment compensation
benefit period;</text>
</clause><clause id="H6D26118E33254B47B6925C007521CBD3"><enum>(ii)</enum><text>the
last day of the 26th week after the week in which the Secretary issues a
certification covering the worker;</text>
</clause><clause id="H6B3C62DC67BD411AA37C572CB3C86700"><enum>(iii)</enum><text>a
date 45 days after the later of the two dates described in clauses (i) and
(ii), if the Secretary extends the time for enrollment based on extenuating
circumstances relating to enrollment in a training program;</text>
</clause><clause commented="no" id="HA1A8A0130CE24B4BBE4EE629FFAD174E"><enum>(iv)</enum><text display-inline="yes-display-inline">the last day of such period that the
Secretary determines appropriate, if the failure to enroll is due to the
failure to provide the worker with timely information regarding the date
specified in clause (i) or (ii), as the case may be; or</text>
</clause><clause commented="no" id="H6AA135717C18476E90251559648CEC4C"><enum>(v)</enum><text>the last day of a
period determined by the Secretary to be approved for enrollment after the
termination of a waiver issued pursuant to subsection (c);</text>
</clause></subparagraph><subparagraph commented="no" id="H6AB818852CE748DF00DBCFFF7EC0A734"><enum>(B)</enum><text display-inline="yes-display-inline">has, after the date on which the worker
became totally separated, or partially separated, from adversely affected
employment, completed a training program approved by the Secretary under
section 352(b)(2); or</text>
</subparagraph><subparagraph id="HF3DAAFF5016B4E90AC709CB316B89486"><enum>(C)</enum><text display-inline="yes-display-inline">has received a written statement waiving
training enrollment requirements under subsection (c)(1) of this
section.</text>
</subparagraph></paragraph></subsection><subsection id="H6CFD0EAA9CFB443091B2C5D3B0761DE"><enum>(c)</enum><header>Waivers of
training enrollment requirements</header>
<paragraph id="H48810928610B4472A0CBABEA205B8E3F"><enum>(1)</enum><header>In
general</header><text>The Secretary may issue a written statement to an
adversely affected worker waiving the requirement to be enrolled in training
described in subsection (b)(4)(A) if the Secretary determines that it is not
feasible or appropriate for the worker, because of one or more of the following
reasons:</text>
<subparagraph id="H7CC206A76D8F48C093248943A100D700"><enum>(A)</enum><header>Marketable
skills</header><text>The worker possesses marketable skills for suitable
employment (as determined pursuant to an assessment of the worker, carried out
in accordance with guidelines issued by the Secretary) and there is a
reasonable expectation of employment at equivalent wages in the foreseeable
future.</text>
</subparagraph><subparagraph commented="no" id="HBF4225A2816D4DD894D3C400B936BC40"><enum>(B)</enum><header>Retirement</header><text>The
worker is within 2 years of meeting all requirements for entitlement to
either—</text>
<clause commented="no" id="H448174A797914FB88B7B940679DCC412"><enum>(i)</enum><text>old-age insurance
benefits under title II of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/401">42 U.S.C. 401 et seq.</external-xref>)
(except for application therefor); or</text>
</clause><clause commented="no" id="H7160BC8DAA5F47FC9E8253EBB2089006"><enum>(ii)</enum><text>a private pension
sponsored by an employer or labor organization.</text>
</clause></subparagraph><subparagraph id="H687A604F441244C39DE8EE105297877C"><enum>(C)</enum><header>Health</header><text>The
worker is unable to participate in training due to the health of the worker,
except that a waiver under this subparagraph shall not be construed to exempt a
worker from requirements relating to the availability for work, active search
for work, or refusal to accept work under State or Federal unemployment
compensation laws.</text>
</subparagraph></paragraph><paragraph id="HD838C636322C42EA8C9CC6BF8CB871F8"><enum>(2)</enum><header>Duration of
waivers</header>
<subparagraph id="H4E5CA95C60E747BEAA130071B0F8A828"><enum>(A)</enum><header>In
general</header><text>A waiver issued under paragraph (1) shall be effective
for not more than 6 months after the date on which the waiver is issued, unless
the Secretary determines otherwise, except for waivers issued by reason of
proximity of retirement age under subparagraph (1)(B), in which case the waiver
shall be effective for the duration of the worker’s enrollment in the
program.</text>
</subparagraph><subparagraph id="H8D5D0E36CD524BAFB7E669BAE002F00"><enum>(B)</enum><header>Revocation</header><text>The
Secretary shall revoke a waiver issued under paragraph (1) if the Secretary
determines that the basis of a waiver is no longer applicable to the worker and
shall notify the worker in writing of the revocation.</text>
</subparagraph></paragraph></subsection><subsection id="HA8AF1F1D3C384819A5CDDCEE03D1BF6"><enum>(d)</enum><header>Amount of weekly
adjustment allowance</header>
<paragraph id="H32BCC6619C2042FA8DEC3404EFE00C9"><enum>(1)</enum><header>Formula</header><text>The
weekly adjustment allowance payable to an adversely affected worker for a week
of total unemployment shall be an amount equal to 70 percent of the adversely
affected worker’s average weekly wage prior to separation from adversely
affected employment, reduced (but not below zero) by—</text>
<subparagraph id="H1AB7553EAA014A4B85C36BF4FF5278D"><enum>(A)</enum><text>any unemployment
insurance which the worker receives, or would receive if the worker applied for
such insurance, which respect to such week, except that such reduction will not
apply if the appropriate State agency or Federal agency finally determines that
the worker was not entitled to unemployment insurance for that week; and</text>
</subparagraph><subparagraph id="HC06B14905E7644739671397FF42177F6"><enum>(B)</enum><text>income that is
deductible from unemployment insurance under the disqualifying income
provisions of the applicable State law or Federal unemployment insurance
law.</text>
</subparagraph></paragraph><paragraph id="HDED60202AD3E46888F44D4A4A5329DEA"><enum>(2)</enum><header>Adversely
affected workers who are undergoing training</header><text>A weekly adjustment
allowance payable to an adversely affected worker under this section shall be
paid in lieu of any training allowance to which a worker would otherwise be
entitled under any other Federal law for the training of workers.</text>
</paragraph></subsection><subsection id="H71F0D1D41FF24CA3A2DB818C8575ED88"><enum>(e)</enum><header>Limitation on
weekly adjustment allowance</header>
<paragraph commented="no" id="H910C17E99B5D41C48600BB371D053215"><enum>(1)</enum><header>Maximum
amount</header><text display-inline="yes-display-inline">Except as provided in
paragraph (2), the maximum amount of weekly adjustment allowances payable to an
adversely affected worker with respect to the period covered by a certification
issued by the Secretary under section 345(b) shall be the amount which is the
product of 52 multiplied by the amount of the adjustment allowance payable to
the worker for a week of total unemployment as determined under subsection
(d).</text>
</paragraph><paragraph commented="no" id="HC5302D1213B44CF0B09F35906B7303A0"><enum>(2)</enum><header>Further
amounts</header>
<subparagraph commented="no" id="H92810000E51947B4B1D79EA83DED2595"><enum>(A)</enum><header>In
general</header><text>Notwithstanding paragraph (1), in order to assist an
adversely affected worker to complete training approved for the worker under
section 352, and in accordance with regulations prescribed by the Secretary,
payments may be made as weekly adjustment allowances for up to 52 additional
weeks in the 52-week period that—</text>
<clause commented="no" id="H4B7A6D2156ED4FD497D0F291DF17995"><enum>(i)</enum><text>follows the last
week of entitlement to weekly adjustment allowances otherwise payable under
this subtitle; or</text>
</clause><clause commented="no" id="H1911C864CB9C4259A71C782FA85D4425"><enum>(ii)</enum><text>begins with the
first week of such training, if such training begins after the last week
described in clause (i).</text>
</clause></subparagraph><subparagraph commented="no" id="H9CB242F48FF3464095C53182A59C92E7"><enum>(B)</enum><header>Limitation</header><text>Payments
for such additional weeks may be made only for weeks in such 52-week period
during which the individual is participating in such training.</text>
</subparagraph></paragraph><paragraph id="HA7CA81B7163E408285254DA89DD58BAF"><enum>(3)</enum><header>Duration</header><text>An
adjustment allowance shall not be paid for any week occurring after the close
of the 130-week period that begins with the first week following the week in
which the adversely affected worker was most recently totally separated from
adversely affected employment with respect to which the worker meets the
eligibility requirements of subsection (b).</text>
</paragraph></subsection></section><section id="HD452D2E44F4B4F268D481F001DC9156C"><enum>352.</enum><header>Training and
other adjustment assistance</header>
<subsection id="HD162420DB0884E38A0BAEF00DF6BE21E"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">An adversely affected
worker who is covered by a certification issued by the Secretary under section
345(b) and who applies for adjustment assistance under this subtitle shall be
provided, in the same manner and to the same extent as a worker covered by a
certification under section 223 of the Trade Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/19/2273">19 U.S.C. 2273</external-xref>), the
training and other adjustment assistance described in subsection (b).</text>
</subsection><subsection id="H501E03FDED2B456B8E949E3E651BFCEA"><enum>(b)</enum><header>Training and
other adjustment assistance described</header><text>The training and other
adjustment assistance referred to in subsection (a) are the following:</text>
<paragraph id="H1EF83FD479FB47C896926413E397D7C7"><enum>(1)</enum><text>Employment
counseling, testing, and placement services, and supportive and other services,
as described in section 235 of the Trade Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/22/2295">22 U.S.C. 2295</external-xref>).</text>
</paragraph><paragraph id="H752CA98BAEAA4069A79DADFC3F63669D"><enum>(2)</enum><text>Training described
in section 236 of the Trade Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/19/2296">19 U.S.C. 2296</external-xref>), except that the
limitation on total payments described in subsection (a)(2)(A) of such section
shall not apply with respect to such training provided under the authority of
this paragraph.</text>
</paragraph><paragraph id="HFA7DD24D342F4E16A8539D396EC89F4E"><enum>(3)</enum><text>Job search
allowances described in section 237 of the Trade Act of 1974 (19 U.S.C.
2297).</text>
</paragraph><paragraph id="HE734F330D8574116A4AC822C6583AB1F"><enum>(4)</enum><text>Relocation
allowances described in section 238 of the Trade Act of 1974 (19 U.S.C.
2298).</text>
</paragraph></subsection><subsection id="HDF11BFDB2BEE466196BBA675EF5F1777"><enum>(c)</enum><header>Energy
efficiency and renewable energy worker training program</header><text>To the
maximum extent practicable, an adversely affected worker who is eligible to
receive training and other adjustment assistance under this section shall be
eligible to receive assistance under the energy efficiency and renewable energy
worker training program established under section 171(e) of the Workforce
Investment Act of 1998 (<external-xref legal-doc="usc" parsable-cite="usc/29/2916">29 U.S.C. 2916(e)</external-xref>).</text>
</subsection></section><section id="H16B536A105DB431F80BBCF3147A0AFB7"><enum>353.</enum><header>Reemployment
adjustment assistance program</header>
<subsection id="H993EF045BA5B4B8AA405628565F3782F"><enum>(a)</enum><header>Establishment</header><text>Not
later than 1 year after the date of the enactment of this Act, the Secretary
shall establish a reemployment trade adjustment assistance program for older
workers that provides the benefits described in subsection (b).</text>
</subsection><subsection id="HF1A616D0C8E2450396FA6764E8E514C"><enum>(b)</enum><header>Benefits</header><text>The
Secretary shall, for the eligibility period described in subsection (c)(3),
provide a worker described in subsection (c)(2) with a weekly adjustment
allowance equal to 50 percent of the difference between—</text>
<paragraph id="H2E57E6E018CC400496C29358F5BAEBE1"><enum>(1)</enum><text>the wages received
by the worker from reemployment; and</text>
</paragraph><paragraph id="H3028218E2DD745A8B4E14C3BC197426B"><enum>(2)</enum><text>the wages received
by the worker at the time of separation.</text>
</paragraph></subsection><subsection id="H0A00882FE3504BF7A951836C13473DA0"><enum>(c)</enum><header>Eligibility</header>
<paragraph id="H0BC14C456E654E1BBB87004F6C2C694F"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">A group of workers
certified as eligible for adjustment assistance under this subtitle is eligible
for benefits described in subsection (b) under the program established under
subsection (a).</text>
</paragraph><paragraph id="HF2281BBF85EB4F2091A4096394F84075"><enum>(2)</enum><header>Individual
eligibility</header><text display-inline="yes-display-inline">A worker in a
group of workers described in paragraph (1) may elect to receive benefits
described in subsection (b) under the program established under subsection (a)
if the worker—</text>
<subparagraph id="HF21E6BE304D14EAFB54245EA7CFCB359"><enum>(A)</enum><text>is at least 50
years of age;</text>
</subparagraph><subparagraph id="H3DD3C0777B484025A2EAF6F9C5005EAF"><enum>(B)</enum><text>earns not more
than $60,000 each year in wages from reemployment;</text>
</subparagraph><subparagraph id="H5C10E947D5504B47BD3620475F499872"><enum>(C)</enum><clause commented="no" display-inline="yes-display-inline" id="H6FF420068B3848B187B063986F99A7DA"><enum>(i)</enum><text>is employed on a
full-time basis as defined by State law in the State in which the worker is
employed; or</text>
</clause><clause id="H86F0D8FFD65F44A49B76E30086225059" indent="up1"><enum>(ii)</enum><text>is employed at least 20 hours per
week and is enrolled in training approved under section 352(b)(2); and</text>
</clause></subparagraph><subparagraph id="H2D1F8A19780B4423BC3E040019B822D3"><enum>(D)</enum><text>is not employed at
the firm from which the worker was separated.</text>
</subparagraph><continuation-text continuation-text-level="paragraph">In the case
of a worker described in subparagraph (C)(ii), the percentage referred to in
subsection (b) shall be deemed to be a percentage equal to ½ of the ratio of
weekly hours of employment referred to in subparagraph (C)(ii) to weekly hours
of employment of that worker at the time of separation (but not more than 50
percent).</continuation-text></paragraph><paragraph id="HBBDE6140FA7B4548BEFFC20017C75E1E"><enum>(3)</enum><header>Eligibility
period for payments</header><text display-inline="yes-display-inline">A worker
in a group of workers described in paragraph (1) may receive payments described
in subsection (b) under the program established under subsection (a) for a
period not to exceed 2 years from the date on which the worker exhausts all
rights to unemployment insurance based on the separation of the worker from
adversely affected employment or the date on which the worker obtains
reemployment, whichever is earlier.</text>
</paragraph><paragraph id="H7CD202A559C948FAA9006DF7895C781F"><enum>(4)</enum><header>Training and
other services</header><text display-inline="yes-display-inline">A worker
described in paragraph (2) shall be eligible to receive training approved under
section 352(b)(2) and services under section 352(b)(1).</text>
</paragraph></subsection><subsection id="HE5886A27D3CE4558BE8E56C01FD4C55"><enum>(d)</enum><header>Total amount of
payments</header><text display-inline="yes-display-inline">The payments
described in subsection (b) made to a worker may not exceed $12,000 per worker
during the eligibility period under subsection (c)(3).</text>
</subsection><subsection id="HB7C7387ABC4D4E11A1BF6C0646326564"><enum>(e)</enum><header>Limitation on
other benefits</header><text display-inline="yes-display-inline">A worker
described in subsection (c) may not receive a weekly adjustment allowance under
section 351 during any week for which the worker receives a payment described
in subsection (b).</text>
</subsection></section><section commented="no" id="HED50C7DB8DCC48C5A2756015DC83BE9D"><enum>354.</enum><header>Health coverage
tax credits</header>
<subsection id="H0D4D86E55971482DAFF6A6A028EFE292"><enum>(a)</enum><header>Eligibility for
credit</header><text display-inline="yes-display-inline">Paragraph (1) of
<external-xref legal-doc="usc" parsable-cite="usc/26/35">section 35(c)</external-xref> of the Internal Revenue Code of 1986 (defining eligible
individual) is amended by striking <quote>and</quote> at the end of
subparagraph (B), by striking the period at the end of subparagraph (C) and
inserting <quote>, and</quote>, and by inserting after subparagraph (C) the
following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H02850790B56947439F90E4EB4D62804" style="OLC">
<subparagraph id="H352973FADB3A406BA88DD15B3F00CAD3"><enum>(D)</enum><text display-inline="yes-display-inline">an eligible adjustment assistance
recipient.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" id="H4B677806F32D4898B803AB54448496FF"><enum>(b)</enum><header>Eligible
adjustment assistance recipient defined</header><text display-inline="yes-display-inline">Subsection (c) of section 35 of such Code
(defining eligible individual) is amended by adding at the end the following
new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H0AAD0FEC6C5C40F4B2266698D2A189B2" style="OLC">
<paragraph commented="no" id="H0E8BCC4AF5D44AB2A9AE10008942FFE2"><enum>(5)</enum><header>Eligible
adjustment assistance recipient</header><text display-inline="yes-display-inline">The term <quote>eligible adjustment
assistance recipient</quote> means, with respect to any month, any individual
who is receiving for any day of such month a weekly adjustment allowance under
section 351 or 353 of the <short-title>Investing in
Climate Action and Protection Act</short-title>. An individual shall continue
to be treated as an eligible adjustment assistance recipient during the first
month that such individual would otherwise cease to be an eligible adjustment
assistance recipient by reason of the preceding
sentence.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HA338F67F642149D8BE45B00031606D53"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after December 31, 2009.</text>
</subsection></section><section id="H53243B84AE8346E3913BA114CDEBCC"><enum>355.</enum><header>Administration</header>
<subsection id="HC687C410AF604C518D76A36F3CE6EEF"><enum>(a)</enum><header>Agreements with
states</header>
<paragraph id="H79F6554F7B5E4F87B778D981E389081"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The Secretary is
authorized on behalf of the United States to enter into an agreement with any
State, or with any State agency. Under such an agreement, the State
agency—</text>
<subparagraph id="H42EBE2A384614DAF9059D86961FA47DC"><enum>(A)</enum><text>as agent of the
United States, shall receive applications for, and shall provide, payments on
the basis provided in this subtitle;</text>
</subparagraph><subparagraph id="H5B2820FF65B340749F756B3E5CD1146"><enum>(B)</enum><text>where appropriate,
but in accordance with paragraph (6), shall afford adversely affected workers
testing, counseling, referral to training and job search programs, and
placement services;</text>
</subparagraph><subparagraph id="H270F8D240BE84576962BE7DBD760C312"><enum>(C)</enum><text>shall make any
certifications required under section 351(c); and</text>
</subparagraph><subparagraph id="H6E529F457DE442DDAC190855DAFDDFE3"><enum>(D)</enum><text>shall otherwise
cooperate with the Secretary and with other State and Federal agencies in
providing payments and services under this subtitle.</text>
</subparagraph></paragraph><paragraph id="HD5267150D9C64790AF9BB02BCA39CA05"><enum>(2)</enum><header>Terms and
conditions</header><text display-inline="yes-display-inline">Each agreement
under this subsection shall provide the terms and conditions upon which the
agreement may be amended, suspended, or terminated.</text>
</paragraph><paragraph id="H77A44B96934D42FAAEEC003B13347691"><enum>(3)</enum><header>Unemployment
insurance</header><text display-inline="yes-display-inline">Each agreement
under this subsection shall provide that unemployment insurance otherwise
payable to any adversely affected worker shall not be denied or reduced for any
week by reason of any right to payments under this subtitle.</text>
</paragraph><paragraph id="HDC91048DCF884FF08CA99DC9E13EC700"><enum>(4)</enum><header>Entitlement to
program benefits</header><text display-inline="yes-display-inline">A
determination by a State agency with respect to entitlement to program benefits
under an agreement is subject to review in the same manner and to the same
extent as determinations under the applicable State law and only in that manner
and to that extent.</text>
</paragraph><paragraph id="HA529C967CA4948B88263F625BD305FEB"><enum>(5)</enum><header>Coordination of
training and assistance</header><text display-inline="yes-display-inline">Any
agreement entered into under this subsection shall provide for the coordination
of the administration of the provisions for employment services, training, and
supplemental assistance under section 352 and under title I of the Workforce
Investment Act of 1998 (<external-xref legal-doc="usc" parsable-cite="usc/29/2801">29 U.S.C. 2801 et seq.</external-xref>) upon such terms and conditions
as are established by the Secretary in consultation with the States and set
forth in such agreement. Any agency of the State jointly administering such
provisions under such agreement shall be considered to be a State agency for
purposes of this subtitle.</text>
</paragraph><paragraph display-inline="no-display-inline" id="H05F57C8E2C2144E1A8EF5118F7D484B5"><enum>(6)</enum><header>Technical
assistance</header><text>Each State agency shall, in carrying out paragraph
(1)(B)—</text>
<subparagraph id="HFE48CA6229CF4F10B2AD1EDE07F99575"><enum>(A)</enum><text>advise each worker
who applies for unemployment insurance of the benefits under this subtitle and
the procedures and deadlines for applying for such benefits;</text>
</subparagraph><subparagraph id="H1DE8865F3E43470B881B69B7DCC617D7"><enum>(B)</enum><text>facilitate the
early filing of petitions under section 345 for any workers that the agency
considers are likely to be eligible for benefits under this subtitle;</text>
</subparagraph><subparagraph id="HC4AEAA0545DC49B8AC2D61911EE55976"><enum>(C)</enum><text>advise each
adversely affected worker to apply for training under section 352 before, or at
the same time, the worker applies for weekly adjustment allowances under
section 351; and</text>
</subparagraph><subparagraph id="H2126CA5CF7DF45438BE9B472D566CBA3"><enum>(D)</enum><text>as soon as
practicable, interview the adversely affected worker regarding suitable
training opportunities available to the worker under section 352 and review
such opportunities with the worker.</text>
</subparagraph></paragraph><paragraph display-inline="no-display-inline" id="H575E4B078416494C9ED03823C5540645"><enum>(7)</enum><header>Coordination of
workforce investment activities</header><text>In order to promote the
coordination of workforce investment activities in each State with activities
carried out under this subtitle, any agreement entered into under this
subsection shall provide that the State shall submit to the Secretary, in such
form as the Secretary may require, the description and information described in
paragraphs (8) and (14) of section 112(b) of the Workforce Investment Act of
1998 (<external-xref legal-doc="usc" parsable-cite="usc/29/2822">29 U.S.C. 2822(b)(8)</external-xref> and (14)).</text>
</paragraph></subsection><subsection id="HC507DB42EBD94708A6672FB08C3D2200"><enum>(b)</enum><header>Administration
absent state agreement</header>
<paragraph id="H80779624E72640C8BFE7188C5CEEA2C5"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">In any State where
there is no agreement in force between a State or its agency under subsection
(a), the Secretary shall arrange under regulations prescribed by the Secretary
for performance of all necessary functions under sections 351 through 353,
including provision for a fair hearing for any worker whose application for
payments is denied.</text>
</paragraph><paragraph id="HFCFC0F1CA9734B2CA0B3E325BAFDE066"><enum>(2)</enum><header>Review of final
determinations</header><text>A final determination under paragraph (1) with
respect to entitlement to program benefits under this chapter is subject to
review by the courts in the same manner and to the same extent as is provided
by section 205(g) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/405">42 U.S.C. 405(g)</external-xref>).</text>
</paragraph></subsection></section></chapter></subtitle><subtitle id="H0BA68BD247634D20B849C6698579AB67"><enum>F</enum><header>National Climate
Change Adaptation Program</header>
<section id="H2CE4AAA572204B2CA42F7B73AAF00C4"><enum>361.</enum><header>Findings and
purpose</header>
<subsection id="H8E7C9A56FFE64C3B89667F2B00B6BBA"><enum>(a)</enum><header>Findings</header><text>Congress
finds the following:</text>
<paragraph id="H5EAB07F16F454B18008687343C526700"><enum>(1)</enum><text>According to the
Intergovernmental Panel on Climate Change’s Fourth Assessment Report, the
United States is already experiencing a range of adverse impacts of climate
change and is predicted to experience more intense impacts over the course of
this century. These predicted future impacts include—</text>
<subparagraph id="H1060EDFB37434756B05B226BDEFB575C"><enum>(A)</enum><text>significant
reductions in snowpack in western mountains by the middle of this century,
increasing stress on over-allocated water systems in the western United
States;</text>
</subparagraph><subparagraph id="HEC746DF26E0B4C73004D79927882A3BA"><enum>(B)</enum><text>decreased water
levels in the Great Lakes, leading to a range of adverse ecological and
economic effects;</text>
</subparagraph><subparagraph id="H6E6FE0784A5D4CADB455E93782D914E2"><enum>(C)</enum><text>decreased recharge
of heavily utilized groundwater systems in the southwestern United States,
resulting in increased water stress;</text>
</subparagraph><subparagraph id="H8B6FE15BAC854795B66E5220A4AA37EB"><enum>(D)</enum><text>increased surface
water temperatures making achievement of water quality standards more
difficult;</text>
</subparagraph><subparagraph id="H0B5BD2A524044B399458217760B16418"><enum>(E)</enum><text>more frequent and
more intense wildfires in the western United States;</text>
</subparagraph><subparagraph id="H40C4CDDF59FD4D2387F9AEB01415856F"><enum>(F)</enum><text>acceleration of
sea-level rise and changes in storm surge patterns, leading to more frequent
and more severe coastal flooding, increased coastal erosion, increased rates of
coastal wetland loss, and increased vulnerability of coastal
infrastructure;</text>
</subparagraph><subparagraph id="H9B7286A24B9A40388FCD88EB82E6078B"><enum>(G)</enum><text>potentially more
intense storms, leading to greater coastal instability;</text>
</subparagraph><subparagraph id="H56E2986D520E4AE2AE36BBEE98E68C55"><enum>(H)</enum><text>increased
magnitude and duration of severe heatwaves and increased concentration of
surface ozone pollution, leading to adverse impacts on public health;</text>
</subparagraph><subparagraph id="H23E307A6D4F84BE09268896C2436004F"><enum>(I)</enum><text>potential negative
impacts on public health due to changes in infectious disease transmission
patterns; and</text>
</subparagraph><subparagraph id="HF47A858CAB0E4B349FC3785515E3E219"><enum>(J)</enum><text>increased coastal
erosion and permafrost thaw in Alaska, jeopardizing public and private
infrastructure and imposing substantial costs.</text>
</subparagraph></paragraph><paragraph id="HA6957B35748E44DE90203B2D4566B49"><enum>(2)</enum><text>Although prompt and
aggressive efforts to mitigate global greenhouse gas emissions can reduce the
magnitude and likelihood of adverse impacts of climate change on the United
States, such impacts are likely to intensify for the foreseeable future even
under a best-case scenario for emissions reductions.</text>
</paragraph><paragraph id="H73FD348E48C94404AB009B3F3D2F13DA"><enum>(3)</enum><text>Absent effective
action to manage risks and reduce vulnerability to adverse climate change
impacts, such impacts are likely to impose significant social and economic
costs on the United States.</text>
</paragraph><paragraph id="H60EC46FC63CB4F0F832947675ECD30B2"><enum>(4)</enum><text>State, local, and
tribal governments are likely to bear much of the burden of responding to the
impacts of climate change. Although both impacts and appropriate adaptive
responses will vary by region, State, and locality, the Federal Government can
bolster State, local, and tribal adaptive capacity by providing policy-relevant
information and technical and financial assistance.</text>
</paragraph><paragraph id="HDCE6720B11084AA1B0239B5DA5DCF377"><enum>(5)</enum><text>An effective
national climate change adaptation program will require improvements in
coordination among Federal agencies, and among the Federal Government, State,
local, and tribal governments, and nongovernmental stakeholders.</text>
</paragraph><paragraph id="HB3541A153AB04FBE8536DACE47E92D15"><enum>(6)</enum><text>To improve the
United States capacity to adapt to adverse climate change impacts, Federal
agencies must incorporate potential short-term, medium-term, and long-term
impacts of climate change into the implementation of their respective
mandates.</text>
</paragraph></subsection><subsection id="HA1C276ED30C3432CBF4729D36248CFB2"><enum>(b)</enum><header>Purpose</header><text>The
purpose of this subtitle is to establish an integrated Federal program to
enhance the capacity of Federal, State, local, and tribal governments to reduce
vulnerability to the adverse impacts of climate change on the United States and
its territories.</text>
</subsection></section><section id="HA5069DC1E236401B9701B22D11AE2151"><enum>362.</enum><header>Definitions</header><text display-inline="no-display-inline">As used in this subtitle—</text>
<paragraph id="H7768AED2B18143AB9CAD5074007E8FA0"><enum>(1)</enum><header>Council</header><text>The
term <quote>Council</quote> means the National Climate Change Adaptation
Council established under section 364.</text>
</paragraph><paragraph id="HE22D4C4783524CE38F24BE00A175B906"><enum>(2)</enum><header>National
assessment</header><text>The term <quote>National Assessment</quote> refers to
a National Climate Change Vulnerability Assessment prepared pursuant to section
366.</text>
</paragraph><paragraph id="H64F07235992D41379FFFA747986719FC"><enum>(3)</enum><header>National climate
change adaptation fund</header><text>The term <quote>National Climate Change
Adaptation Fund</quote> means the National Climate Change Adaptation Fund
established under section 722 of the Clean Air Act (as added by section 101 of
this Act).</text>
</paragraph><paragraph id="HEEB0EAE62618451184C1A6B988C6F8CE"><enum>(4)</enum><header>NOAA</header><text>The
term <quote>NOAA</quote> means the National Oceanic and Atmospheric
Administration.</text>
</paragraph><paragraph id="HE821BFFB5E6F4A7A85C0EC80E422B17F"><enum>(5)</enum><header>Program</header><text>The
term <quote>Program</quote> means the National Climate Change Adaptation
Program established under section 365.</text>
</paragraph><paragraph id="H7FCED7B305F942E892BBFFA7ED8ADE3"><enum>(6)</enum><header>State</header><text>The
term <quote>State</quote> means any of the several States, the District of
Columbia, the Commonwealth of Puerto Rico, American Samoa, the United States
Virgin Islands, Guam, or the Commonwealth of the Northern Mariana
Islands.</text>
</paragraph><paragraph id="H2DDB7F1406B3468BA73CAE67E59BF5CC"><enum>(7)</enum><header>Tribal
government</header><text>The term <quote>tribal government</quote> means the
official government of a federally recognized Indian tribe.</text>
</paragraph></section><section id="HE89DC35EAADB4DC895D6032382D0DFCF"><enum>363.</enum><header>Funding</header>
<subsection id="HC1B97CBFED8D46909F00FEE2D0003FB6"><enum>(a)</enum><header>In
general</header><text>Funds deposited in the National Climate Change Adaptation
Fund shall be available for expenditure, without further need of appropriation
or fiscal year limitation, to carry out this subtitle in accordance with the
requirements of this section.</text>
</subsection><subsection id="HDDCE7883E85449AFB52B5FACE33EDAEC"><enum>(b)</enum><header>Allocation</header>
<paragraph id="HFDC9A16A61974A57BA8958D728780C4"><enum>(1)</enum><header>National climate
change adaptation program</header><text>For each of fiscal years 2010 through
2050, the Secretary of Commerce shall utilize not more than 15 percent of the
funds deposited in the National Climate Change Adaptation Fund to carry out the
National Climate Change Adaptation Program established under section
365.</text>
</paragraph><paragraph id="HBD228FCD37AD4E928FD0A1DDCA79AF5F"><enum>(2)</enum><header>Federal funding
for state, local, and tribal adaptation projects</header><text>The Federal
agency or agencies charged with implementing the program established under
section 369 shall utilize the remaining funds deposited in the National Climate
Change Adaptation Program to provide financial assistance to State, local, and
tribal governments pursuant to such program, provided that Congress has not
enacted a statute codifying the program or an alternative to the
program.</text>
</paragraph></subsection></section><section id="H47422819D5104FE9B0DEEC52CF9B6750"><enum>364.</enum><header>National
Climate Change Adaptation Council</header>
<subsection id="HDBF054E8CCCC4DA7855644F33B00B253"><enum>(a)</enum><header>Establishment</header><text>Not
later than 90 days after the date of enactment of this Act, the President shall
establish a National Climate Change Adaptation Council, consisting of
representatives, appointed by the head of the respective Federal agency,
of—</text>
<paragraph id="H73FA4CAE4E1B4893BF605991E3FD68FF"><enum>(1)</enum><text>NOAA;</text>
</paragraph><paragraph id="H168CEDA5F3FA49B79B1BDB90416DC200"><enum>(2)</enum><text>the Environmental
Protection Agency;</text>
</paragraph><paragraph id="H9D73C1F654E94BBA9500F05ED42477F6"><enum>(3)</enum><text>the Department of
Agriculture;</text>
</paragraph><paragraph id="H978F3E89A9604F48A78683D107C36C4F"><enum>(4)</enum><text>the Department of
Commerce;</text>
</paragraph><paragraph id="HC4B468FC97D4431EADADEEDE59B905F4"><enum>(5)</enum><text>the Department of
Defense;</text>
</paragraph><paragraph id="HD5D61CC5C1434986BEC3DD3E37B007BF"><enum>(6)</enum><text>the Department of
Energy;</text>
</paragraph><paragraph id="H8F38EF7224954007B4C4D04DC4B91854"><enum>(7)</enum><text>the Department of
Health and Human Services;</text>
</paragraph><paragraph id="HEF11CDAC662A45E69FD1BA7BA6E4596"><enum>(8)</enum><text>the Department of
Homeland Security;</text>
</paragraph><paragraph id="HC32ED781A83E4CC7B43D84891D134DB8"><enum>(9)</enum><text>the Department of
Housing and Urban Development;</text>
</paragraph><paragraph id="H178CC744E5AA409BA1AFCF58FEF88476"><enum>(10)</enum><text>the Department of
the Interior;</text>
</paragraph><paragraph id="HE521E1BFCC964D6D96CF88E033F42023"><enum>(11)</enum><text>the Department of
Transportation;</text>
</paragraph><paragraph id="HE9E69B1C34F443008FCF60BBA8B8187F"><enum>(12)</enum><text>the Army Corps of
Engineers;</text>
</paragraph><paragraph id="HC00B41DB323743D59BCF7A800004B14"><enum>(13)</enum><text>the Centers for
Disease Control;</text>
</paragraph><paragraph id="HC5208A7ABE89463691B7B72230617444"><enum>(14)</enum><text>the Federal
Emergency Management Agency;</text>
</paragraph><paragraph id="H803BC80350CA44E9BF14954FF9DD589C"><enum>(15)</enum><text>the National
Aeronautics and Space Administration;</text>
</paragraph><paragraph id="H6CB42D49E6574119A7FC32126467DA27"><enum>(16)</enum><text>the United States
Geological Survey; and</text>
</paragraph><paragraph id="HCC18C8135E3045BA00FC90B0009649ED"><enum>(17)</enum><text>such other
Federal agencies or departments as the President considers appropriate.</text>
</paragraph></subsection><subsection id="H8DA9E52FC9204E2CB78FAC6843F88E0"><enum>(b)</enum><header>Chairperson</header><text>The
representative described in subsection (a)(1) shall be the chairperson of the
Council.</text>
</subsection><subsection id="HE5EB261CE64D4BF3A970E1F1D8314900"><enum>(c)</enum><header>Functions</header><text>The
Council shall serve as a forum for interagency consultation on, and
coordination of, Federal policies relating to assessment of, and adaptation to,
the impacts of climate change on the United States and its Territories.</text>
</subsection></section><section id="H9743904AB8144DD48495964CA81E3F5C"><enum>365.</enum><header>National
Climate Change Adaptation Program</header><text display-inline="no-display-inline">The Secretary of Commerce, acting through
the Administrator of NOAA, shall establish within NOAA a National Climate
Change Adaptation Program for the purpose of increasing the overall
effectiveness of Federal climate change adaptation efforts. Under the Program,
the Administrator of NOAA shall, in consultation as appropriate with the
Council—</text>
<paragraph id="H96FDA0C0332342290079AFED2DBD7805"><enum>(1)</enum><text>develop and
publish periodic National Assessments under section 366;</text>
</paragraph><paragraph id="H33C3E2CE342D437692A4B0192C3BEBFF"><enum>(2)</enum><text>provide to Federal
agencies, local, State, and tribal governments, and nongovernmental
stakeholders policy-relevant scientific information, research products,
decision tools, and technical support related to climate change impacts and
adaptation to such impacts, as provided in section 367; and</text>
</paragraph><paragraph id="H402E3C28E15A4BC9BA39EACBC465F612"><enum>(3)</enum><text>advise Federal
agencies on issues related to climate change impacts and adaptation to such
impacts, including through the provision of technical support to Federal
agencies in the development of agency climate change adaptation plans as
required under section 368.</text>
</paragraph></section><section id="H35D7D0CEF1E34724B4BD961FA4DDE71"><enum>366.</enum><header>National Climate
Change Vulnerability Assessments</header>
<subsection id="HA86743C7D8A2426299E9B8F53E690294"><enum>(a)</enum><header>In
general</header><text>Not later than January 1, 2012, and every 4 years
thereafter, the Administrator of NOAA shall publish and deliver to the
President a National Climate Change Vulnerability Assessment evaluating
regional and national vulnerability to impacts of climate change, strategies to
adapt to such impacts, and priorities for further research related to climate
change impacts and adaptive capacity.</text>
</subsection><subsection id="H33AE412DDD434099A7319C5BB2C3645F"><enum>(b)</enum><header>Contents</header>
<paragraph id="H7890704F4D4E436E91EFB8B3EB95E407"><enum>(1)</enum><header>Regional
assessments</header><text>Each National Assessment shall include regional
assessments for a sufficient number of geographic regions within the United
States and its Territories to effectively address specific climate change
impacts at the regional and State or territorial levels. Each regional
assessment shall—</text>
<subparagraph id="H3189BBFADC374AA48B2CB864E36211E7"><enum>(A)</enum><text>assess, at an
appropriate geographic scale, the nature and probability of predicted
short-term, medium-term, and long-term impacts of climate change on human
health and a broad range of natural systems, resources, infrastructure, and
social and economic sectors;</text>
</subparagraph><subparagraph id="HF39A33D9FB674B15A5A80ACE02D1F3C"><enum>(B)</enum><text>provide a
regionally prioritized list of vulnerable systems and areas and an estimate of
the range of anticipated costs of climate change impacts within the
region;</text>
</subparagraph><subparagraph id="H38CE7017B15B44C5AE0057C6F09EB2AA"><enum>(C)</enum><text>describe current
efforts within the region to adapt to climate change impacts, in areas such as
public health, emergency response, infrastructure and development, water
resource management, agriculture, forest management, and coastal
management;</text>
</subparagraph><subparagraph id="HCE7FD8C5858B4D8CAAB6AF69B98F9D90"><enum>(D)</enum><text>identify gaps in
current adaptation efforts within the region, strategies to address such gaps,
and estimates of the costs of implementing such strategies;</text>
</subparagraph><subparagraph id="H1D8A81CAB9FF46688867A381E7DF1E5D"><enum>(E)</enum><text>describe current
research, observation, and monitoring activities focused on understanding
regional climate change impacts and adaptation to such impacts, as well as
research and data needs and priorities in these areas;</text>
</subparagraph><subparagraph id="HEAD89859023D4DB0B579EE17C5214100"><enum>(F)</enum><text>assess the
adequacy of existing mechanisms for communication and coordination within the
region between Federal agencies and regional, State, local, and tribal
stakeholders and recommend measures to enhance such communication and
coordination; and</text>
</subparagraph><subparagraph id="HD3B5E95320E048C09C93842B029D93DC"><enum>(G)</enum><text>include any other
information relevant to understanding regional climate change impacts and
adaptation.</text>
</subparagraph></paragraph><paragraph id="HB1B8B66E0BDE4AA7B85D75DA3800828F"><enum>(2)</enum><header>National
synthesis</header><text>Each National Assessment shall include a synthesis of
the regional assessments, including—</text>
<subparagraph id="HEEDDFB23289147248DBFBC249E772F7C"><enum>(A)</enum><text>a description of
relevant research on national-scale, international-scale, or global-scale
climate change impacts, vulnerabilities, and adaptive strategies not addressed
in the regional assessments;</text>
</subparagraph><subparagraph id="HD62534307FB94EF9B3468FC47C87D583"><enum>(B)</enum><text>based on the
regional assessments, a nationally prioritized list of vulnerable systems and
regions in the United States and a national estimate of the range of costs of
short-term, medium-term, and long-term costs of predicted climate change
impacts;</text>
</subparagraph><subparagraph id="H258144D19E804DAC8CB4C14E7B4E35D9"><enum>(C)</enum><text>a nationally
prioritized list of strategies and actions to address climate change impacts,
including estimates of the costs of implementing such strategies and actions
and the appropriate roles of relevant Federal Government agencies;</text>
</subparagraph><subparagraph id="H2FCD53407D0D4B979726205586816E25"><enum>(D)</enum><text>a description of
priorities for developing Federal research, observation, and monitoring, and
policy tools to meet the needs of State and local decisionmakers identified in
the regional assessments;</text>
</subparagraph><subparagraph id="HFDDAF8D6DA3F401FB9A651BCCD5C2829"><enum>(E)</enum><text>an assessment of
the adequacy of existing mechanisms for communication and coordination between
Federal agencies and regional, State, local, and tribal stakeholders and
recommendations for measures to enhance such communication and
coordination;</text>
</subparagraph><subparagraph id="HC773C6686BF146B4B590005085F34942"><enum>(F)</enum><text>a description of
the progress made towards achieving the objectives identified in the prior
National Assessment, except that such requirement shall not apply to the first
National Assessment; and</text>
</subparagraph><subparagraph id="H992CB1D59A0C4EC2AD7E47957FF2D29B"><enum>(G)</enum><text>any other relevant
results from the regional assessments that have implications for Federal
climate change research, mitigation, or adaptation efforts.</text>
</subparagraph></paragraph></subsection><subsection id="H12EEA8171E884B07969C42B25991B2D"><enum>(c)</enum><header>Methodological
and procedural requirements</header>
<paragraph id="HCEE0273593344B53988DCC0841711C86"><enum>(1)</enum><header>Consultation
with council</header><text>In developing the National Assessments, the
Administrator of NOAA shall consult with the Council and shall seek input and
assistance from the Federal agencies represented on the Council within their
respective areas of expertise.</text>
</paragraph><paragraph id="H1BEE7E603CB1468ABFA557AEB6AAF6A5"><enum>(2)</enum><header>Consultation
with local, state, and regional stakeholders</header><text>In developing the
National Assessments, the Administrator of NOAA and participating Federal
agencies shall consult with State, local, and tribal governments and
nongovernmental stakeholders at the local, State, and regional levels, to
facilitate coordination of efforts and to maximize the utility to local, State,
regional, and tribal decision makers of the information provided by the
National Assessment.</text>
</paragraph><paragraph id="HBFD0D82AE1B041FA9D79AAF0A0D86BF8"><enum>(3)</enum><header>Best available
science</header><text>The National Assessments shall be based on the best
scientific and commercial data available.</text>
</paragraph><paragraph id="H0978D938965D482EA5A11BC6CA2E7B00"><enum>(4)</enum><header>Treatment of
uncertainty</header><text>To ensure that scientific uncertainties are addressed
through a consistent methodology, all components of the National Assessments
shall follow either—</text>
<subparagraph id="H3ABA0866307649FF8E1821E88EE5D054"><enum>(A)</enum><text>the guidance on
treatment of uncertainty set forth in the Intergovernmental Panel on Climate
Change’s Guidance Notes for Lead Authors of the IPCC Fourth Assessment Report
on Addressing Uncertainty; or</text>
</subparagraph><subparagraph id="H10E30C191E3643119E273105FC7509DF"><enum>(B)</enum><text>such similar
uniform guidelines on the treatment of uncertainty as the Administrator of NOAA
may establish.</text>
</subparagraph></paragraph><paragraph id="H076D8712E0694C0C001566EFA73BFD2D"><enum>(5)</enum><header>Utilization of
prior research and assessments</header><text>In developing the National
Assessments, the Administrator of NOAA shall, to the extent practicable, take
into consideration research and information contained in—</text>
<subparagraph id="H1E223B51FC9E49D0892372DB8DAFF37C"><enum>(A)</enum><text>the reports of the
Intergovernmental Panel on Climate Change;</text>
</subparagraph><subparagraph id="H3BB3C2976E7A4C81A609005F25979D9B"><enum>(B)</enum><text>reports or
research published by the Global Change Research Program and the Climate Change
Science Program; and</text>
</subparagraph><subparagraph id="H31D7FDE787DE44A38E1702DC15579695"><enum>(C)</enum><text>any existing
climate change adaptation strategy, report, or assessment prepared by or for a
Federal, State, local, or tribal government entity.</text>
</subparagraph></paragraph></subsection></section><section id="H0688CCFF9591464FAF08D56D39AC8D2C"><enum>367.</enum><header>Climate change
adaptation services</header>
<subsection id="H34A0A1C429B542E6A2167351515739CA"><enum>(a)</enum><header>National Climate
Service</header><text>The Secretary of Commerce, acting through the
Administrator of NOAA, shall establish within NOAA a National Climate Service
to serve as a clearinghouse to provide State, local, and tribal government
decisionmakers with access to regionally and nationally relevant information,
data, forecasts, and services relating to climate change impacts and adaptation
to such impacts. The National Climate Service shall—</text>
<paragraph id="HF49A2A04C6AD450DADC41DDEC238B69"><enum>(1)</enum><text>develop and provide
access to policy-relevant climate information products, databases, decision
tools, and services for Federal, State, local, and tribal government
decisionmakers and policymakers;</text>
</paragraph><paragraph id="HB18BDB821A464B0DA80093E65C004080"><enum>(2)</enum><text>provide technical
assistance to Federal, State, local, and tribal government efforts to assess
vulnerability to climate change impacts and develop appropriate strategies and
plans to reduce such vulnerability;</text>
</paragraph><paragraph id="H73D89120047841F29442AC3573E09E89"><enum>(3)</enum><text>facilitate
communication and coordination among Federal, State, local, and tribal
stakeholders with regard to climate change information and adaptation
strategies; and</text>
</paragraph><paragraph id="H7ADCFD5AC81F42AA80FD22B9A321A107"><enum>(4)</enum><text>undertake
education and outreach initiatives related to climate change impacts,
vulnerabilities, and the application of climate information in
decisionmaking.</text>
</paragraph></subsection><subsection id="HAF9A15C365994ABD889B00FAB2B3F084"><enum>(b)</enum><header>Regional and
national workshops</header><text>To facilitate information exchange, outreach,
and coordination of efforts on assessment of and adaptation to climate change
impacts, the Administrator of NOAA shall, during each 4-year cycle during which
a National Assessment is being prepared (or, in the case of the first National
Assessment, the period between the date of enactment of this Act and January 1,
2012), convene—</text>
<paragraph id="HB7F62239D84C4796B3D642B4007B3CE6"><enum>(1)</enum><text>at least one
stakeholder workshop in each region identified by the National Assessment, to
which appropriate governmental and nongovernmental stakeholders from the region
are invited; and</text>
</paragraph><paragraph id="HD4AA15D1C8BC4C65B9AC5BC87D1F126C"><enum>(2)</enum><text>at a date after
all of the regional workshops described in paragraph (1) have been completed,
at least one national-level workshop to which appropriate governmental and
nongovernmental stakeholders from all of the regions identified by the National
Assessments are invited.</text>
</paragraph></subsection><subsection id="HE3C7A18F27904F2FB20321091C7665C1"><enum>(c)</enum><header>Observation and
monitoring</header><text>The Administrator of NOAA is authorized to deploy such
observation and monitoring systems, including remote sensing systems, as may be
necessary to support the National Climate Change Adaptation Program established
under this subtitle.</text>
</subsection></section><section id="H5611F58348874AE5A73ED5DB2219F808"><enum>368.</enum><header>Federal agency
climate change adaptation plans</header>
<subsection id="HD3759CE063F34EFC8932707BBA8F44D2"><enum>(a)</enum><header>Publication and
review</header>
<paragraph id="H0521B745AB5D41608DAD42644F0099DE"><enum>(1)</enum><header>Presidential
review</header><text>Within 1 year after the date of publication of each
National Assessment, each Federal agency with representation on the Council
shall—</text>
<subparagraph id="H3659A68763234D64A1A35827B6DA317F"><enum>(A)</enum><text>complete an agency
climate change adaptation plan detailing the agency’s current and projected
efforts to address the potential impacts of climate change on matters within
the agency’s jurisdiction; and</text>
</subparagraph><subparagraph id="HB6D028A5435A494B9925BDCE5C77B248"><enum>(B)</enum><text>submit such agency
climate change adaptation plan to the President for review.</text>
</subparagraph></paragraph><paragraph id="H6A40E1F5D2524E72974FBFFC7BD9BA"><enum>(2)</enum><header>Submission to
congress</header><text>Within 18 months after the date of publication of each
National Assessment, each Federal agency with representation on the Council
shall submit the agency climate change adaptation plan described in paragraph
(1), as finalized following Presidential review, to the House Committee on
Energy and Commerce, the Senate Committee on Environment and Public Works, and
the committees in the House of Representatives and the Senate with principal
jurisdiction over the relevant agency.</text>
</paragraph></subsection><subsection id="H1261E288B3E344F48493B92C00A0AE06"><enum>(b)</enum><header>Requirements</header><text>Each
agency climate change adaptation plan shall include—</text>
<paragraph id="H6C9F4951D2C845349F0000F0E9901300"><enum>(1)</enum><text>a
review of the current impacts of climate change on matters within the agency’s
jurisdiction;</text>
</paragraph><paragraph id="H544D9492A3B9430CA5E348E5FB4DE6F3"><enum>(2)</enum><text>a
review of anticipated future (short-term, medium-term, and long-term) impacts
of climate change on matters within the agency’s jurisdiction, including an
assessment of the probability of such impacts that follows the guidelines on
treatment of uncertainty established for the National Assessments;</text>
</paragraph><paragraph id="HA9E6402EC1E94A248720556B53E00D4"><enum>(3)</enum><text>a
description of priorities, within the scope of the agency’s jurisdiction, for
building the adaptive capacity of the United States and its territories;</text>
</paragraph><paragraph id="H804A494B95A94850B9473C5787498883"><enum>(4)</enum><text>a
review of the agency’s current efforts to address climate change impacts on
matters within its jurisdiction, including a description of how current and
future impacts are being integrated into agency decisionmaking and a
description of budgetary and human resources dedicated to adaptation to climate
change;</text>
</paragraph><paragraph id="HCB24601DAF33493088F9417CB4B1FDBF"><enum>(5)</enum><text>a
description of initiatives that will be undertaken to address climate change
impacts on matters within the jurisdiction of the agency, including—</text>
<subparagraph id="H1B9DAF6E344B4479004F45049CA6FFCC"><enum>(A)</enum><text>the strategic
objectives of such initiatives;</text>
</subparagraph><subparagraph id="H393ECC5F95B74DA485A9D4A30DD0091"><enum>(B)</enum><text>the resources that
will be dedicated to such initiatives;</text>
</subparagraph><subparagraph id="H416668582938447D980000B0693CF3D1"><enum>(C)</enum><text>timelines for
implementation; and</text>
</subparagraph><subparagraph id="H8C4923DFF0D34E43A3BDCD75D3E9C4D6"><enum>(D)</enum><text>benchmarks and
methods for assessing effectiveness;</text>
</subparagraph></paragraph><paragraph id="HF85056B2EAE6455FA9129723EEFD4DA6"><enum>(6)</enum><text>a
description of current and proposed mechanisms to enhance cooperation on
climate change adaptation efforts with other Federal agencies and with State,
local, and tribal governments and nongovernmental stakeholders;</text>
</paragraph><paragraph id="H65D1721E2E7A4C8986334F4CE7A1D8CC"><enum>(7)</enum><text>an assessment of
the agency’s success in meeting the objectives outlined in its most recent
agency climate change adaptation plan, except that this paragraph shall not
apply to the first agency climate change adaptation plan; and</text>
</paragraph><paragraph id="H2CEE7A889AF248A1B01469352FB193C5"><enum>(8)</enum><text display-inline="yes-display-inline">an estimate of the budgetary and human
resources needed to address climate change impacts on matters within the
jurisdiction of the agency.</text>
</paragraph></subsection></section><section id="H88F0CBBBF0A44657A0D45E108955BD64"><enum>369.</enum><header>Federal funding
for State, local, and tribal adaptation projects</header>
<subsection id="H3B51A316638F45A2A6C47B3122D3C7C3"><enum>(a)</enum><header>Establishment of
Program</header><text>Not later than January 1, 2013, the President
shall—</text>
<paragraph id="H4D25CF1FE92A4A0B98BB228FE9889C62"><enum>(1)</enum><text>directly, or
through such Federal agency or agencies as the President may designate,
promulgate regulations establishing an integrated program to use funds in the
National Climate Change Adaptation Fund to provide financial assistance to
State, local, and tribal governments, individually or jointly, for
implementation of projects to reduce vulnerability to climate change impacts;
and</text>
</paragraph><paragraph id="H81E779F68E554A538FE09DB78DEB907D"><enum>(2)</enum><text>submit such
regulations to the House Committee on Energy and Commerce, the Senate Committee
on Environment and Public Works, and other committees of relevant jurisdiction
in the House of Representatives and the Senate.</text>
</paragraph></subsection><subsection id="H93A61AB87A144F7F8EEA45C7EA79D800"><enum>(b)</enum><header>Consultation</header><text>In
promulgating the regulations under subsection (a), the President, or such
Federal agency or agencies as the President may designate, shall—</text>
<paragraph id="HC2EDCBCF5F53492AA3E31E00B4436856"><enum>(1)</enum><text>consult with the
Administrator of NOAA and the Council; and</text>
</paragraph><paragraph id="H89C6B6DB0EE14BBB862B9EDC5BCA221B"><enum>(2)</enum><text>take into
consideration the findings and recommendations of the most recent National
Assessment and any relevant agency climate change adaptation plans developed
pursuant to section 368.</text>
</paragraph></subsection><subsection id="H0B86F4F7A9C647B2A5056900CDFFD46C"><enum>(c)</enum><header>Requirements</header><text>The
regulations promulgated under subsection (a) shall—</text>
<paragraph id="H12171D91C0D04763B1E0BAB13F2D375C"><enum>(1)</enum><text>identify the
Federal agency or agencies to be charged with administering each element of the
program, and any relevant information relating to organization, governance, and
respective responsibilities under the program;</text>
</paragraph><paragraph id="HDB3B92660FC24AB38DC5FAFCA64F47F1"><enum>(2)</enum><text>identify
priorities and objectives for building State, local, and tribal governments’
capacity to adapt to climate change impacts through financial support for
State, local, and tribal projects;</text>
</paragraph><paragraph id="HF9F8632FFEF144548864CEDB83479226"><enum>(3)</enum><text>identify
mechanisms, including grants or loans, through which funds within the National
Climate Change Adaptation Fund will be used to provide financial support for
projects implemented by State, local, or tribal governments;</text>
</paragraph><paragraph id="HE81964A091F94F65A2522CF83211F6CD"><enum>(4)</enum><text>identify
categories of projects eligible for funding under the program, consistent with
the regional and national adaptation priorities identified in the National
Assessment;</text>
</paragraph><paragraph id="H67C0F64F9504487CA3985FD400000733"><enum>(5)</enum><text>describe
procedures for submission, evaluation, and approval of project
proposals;</text>
</paragraph><paragraph id="HEB006D2F0EB245A39302BDA0926F0400"><enum>(6)</enum><text>establish
selection criteria for evaluating climate change adaptation project proposals
submitted, individually or jointly, by State, local, and tribal governments,
including consideration of environmental impacts and cost-effectiveness in
reducing vulnerability to climate change impacts;</text>
</paragraph><paragraph id="HA261211F16AA4B9199783463EE0502A7"><enum>(7)</enum><text>establish criteria
for allocating funding among different regions, States, localities, and Indian
tribes, and among different project categories;</text>
</paragraph><paragraph id="HA505B405C62944BC92A37EF25B6F1F2"><enum>(8)</enum><text>establish criteria
and mechanisms for reviewing project performance and for enforcing any
restrictions imposed as a condition of supporting an approved project;
and</text>
</paragraph><paragraph id="H7FA0F69AED04461FA94CCBB7A027DC6F"><enum>(9)</enum><text>provide such other
information regarding implementation of the proposed program as the President
or the promulgating agency or agencies consider appropriate.</text>
</paragraph></subsection><subsection id="HA1DDA2F13FC646E38D6981EEBA2F2404"><enum>(d)</enum><header>Program
implementation</header><text>If, after the 1-year period beginning on the date
of submission of the regulations under subsection (a), Congress has not enacted
a statute codifying the program established by the regulations or an
alternative to such program, the agency or agencies identified in the
regulations pursuant to subsection (c)(1) shall implement the
regulations.</text>
</subsection><subsection id="HF03E4FBD3B944BFE94C3D9D209962487"><enum>(e)</enum><header>Periodic
revisions</header>
<paragraph id="H2A11170DA39D4D97A07F63059703305F"><enum>(1)</enum><header>Submission of
revised regulations</header><text>If a program has been implemented pursuant to
subsection (d), the President shall, not later than January 1 of the calendar
year following the publication of each subsequent National Assessment,
promulgate and submit to Congress revised regulations that—</text>
<subparagraph id="H9D0EBD181D45467AA0B63623FDD1D417"><enum>(A)</enum><text>meet the
requirements of subsection (c); and</text>
</subparagraph><subparagraph id="H6800394440C84236B5EEC806CD8EB050"><enum>(B)</enum><text>reflect any
relevant information or recommendations included in the most recent National
Assessment and relevant agency climate change adaptation plans.</text>
</subparagraph></paragraph><paragraph id="H0BCFD581A9E04ACF88441217D276A302"><enum>(2)</enum><header>Implementation
of revised regulations</header><text>If, after the 1-year period beginning on
the date of submission of any revised regulations under paragraph (1), Congress
has not enacted a statute codifying the program established by revised
regulations or an alternative to such program, the agency or agencies
identified in the revised regulations under subsection (c)(1) shall implement
the revised regulations.</text>
</paragraph></subsection></section></subtitle><subtitle commented="no" id="HFF116155A9374D8385B758A4392DD258"><enum>G</enum><header>Natural Resource
Conservation Fund</header>
<section id="H6D5C8C5BD4D74721B8C29C11C2BB3252"><enum>371.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of this subtitle are—</text>
<paragraph id="HC3F0112413B74CA191F01FC990C1FC39"><enum>(1)</enum><text>to provide
financial support for programs to protect natural resources, wildlife, and
fisheries in the United States from the adverse impacts of climate change;
and</text>
</paragraph><paragraph id="HBF69EA77D2A24A138D9FABF3E63CBFA8"><enum>(2)</enum><text>to invest in
policies and measures that will reduce the economic, social, and environmental
costs of climate change to the United States economy as a result of loss of
ecosystem services.</text>
</paragraph></section><section commented="no" id="H99669A6B26994A808D336CDA4F6034B"><enum>372.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="HE3103DA7F1C24B25BCE964D55200DE74"><enum>(1)</enum><header>Adaptation
activities</header><text display-inline="yes-display-inline">The term
<quote>adaptation activities</quote> means activities (including research and
education activities) that assist fish and wildlife, fish and wildlife habitat,
plants, and associated ecological processes in adapting to and surviving the
impacts of climate change and ocean acidification.</text>
</paragraph><paragraph commented="no" id="H5890412F296B467C00002E66A2DAF04F"><enum>(2)</enum><header>Ecological
process</header>
<subparagraph commented="no" id="H17C61A349C024F81A6043EF9BE00FC7E"><enum>(A)</enum><header>In
general</header><text>The term <quote>ecological process</quote> means a
biological, chemical, or physical interaction between the biotic and abiotic
components of an ecosystem.</text>
</subparagraph><subparagraph commented="no" id="H84C68725C2FD474EB14EE29F00E30377"><enum>(B)</enum><header>Inclusions</header><text>The
term <quote>ecological process</quote> includes—</text>
<clause commented="no" id="H60E03DC563624A368615C459AFC0EEDC"><enum>(i)</enum><text>nutrient
cycling;</text>
</clause><clause commented="no" id="H0C529702A71B40AC9F103BB6C5555EA"><enum>(ii)</enum><text>pollination;</text>
</clause><clause commented="no" id="H76ADFE8373834F8C96130543EF1CC89D"><enum>(iii)</enum><text>predator-prey
relationships;</text>
</clause><clause commented="no" id="HA1D2AAACEC2C461D9DAFFF495051774E"><enum>(iv)</enum><text>soil
formation;</text>
</clause><clause commented="no" id="H2A02A0AEF01142C2B908A1DEAAB8E9E3"><enum>(v)</enum><text>gene flow;</text>
</clause><clause commented="no" id="HD5F37653BCEA48ACA69B6FFD0756991"><enum>(vi)</enum><text>larval dispersal
and settlement;</text>
</clause><clause commented="no" id="HCA42676465614476ADB3A6E1611998EB"><enum>(vii)</enum><text>hydrological
cycling;</text>
</clause><clause commented="no" id="HB432E01C9DFE4DD3B3D223E00B9E106"><enum>(viii)</enum><text>decomposition;
and</text>
</clause><clause commented="no" id="H5A97B774834C4C61A13CEBEC7D39D108"><enum>(ix)</enum><text>disturbance
regimes, such as fire and flooding.</text>
</clause></subparagraph></paragraph><paragraph commented="no" id="H4EB5291ADBA9418BA6B697BC56C6087E"><enum>(3)</enum><header>Fish and
wildlife</header><text>The term <quote>fish and wildlife</quote> means—</text>
<subparagraph commented="no" id="H2D44BE2611674E92B4F0E7BEDC9D43E"><enum>(A)</enum><text>any species of wild
fauna, including fish and other aquatic species; and</text>
</subparagraph><subparagraph commented="no" id="H4C30E160A1E84DA5B3F78FE30047AEA4"><enum>(B)</enum><text>any fauna in a
captive breeding program the object of which is to reintroduce individuals of a
species that is indigenous to the United States and the populations of which
are depleted, into previously occupied range in the United States.</text>
</subparagraph></paragraph><paragraph commented="no" id="H4B39C3BE4BAA4C56A1BA5C992BA2CE1"><enum>(4)</enum><header>Habitat</header><text>The
term <quote>habitat</quote> means the physical, chemical, and biological
properties (including aquatic and terrestrial plant communities) that are used
by wildlife for growth, reproduction, and survival, food, water, cover, and
space in an area or region.</text>
</paragraph><paragraph id="H1E1506A7A38243D1B87DDFABD6591B2"><enum>(5)</enum><header>Imperiled
species</header><text>The term <quote>imperiled species</quote> means—</text>
<subparagraph id="H62077DDBB54148AC877BBBB3112E481E"><enum>(A)</enum><text>a species listed
as an endangered species or threatened species under the Endangered Species Act
of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/16/1531">16 U.S.C. 1531 et seq.</external-xref>);</text>
</subparagraph><subparagraph id="H7BEF29342F2A40468F3090AA029045EF"><enum>(B)</enum><text>a species proposed
for listing under that Act;</text>
</subparagraph><subparagraph id="H09D9735BE2A147E9A753CD82538CF0B9"><enum>(C)</enum><text>a candidate
species under that Act;</text>
</subparagraph><subparagraph id="HB5274AC0234E43D1BC7623A795F74C16"><enum>(D)</enum><text>a species listed
as an endangered species under any State law; and</text>
</subparagraph><subparagraph id="H3673003699AD4604B2D4008B7FEF0767"><enum>(E)</enum><text>a species, the
population of which is declining at a significant rate.</text>
</subparagraph></paragraph><paragraph commented="no" id="H0E4682F789AF4AD9B5742DFEB436D345"><enum>(6)</enum><header>Indian
tribe</header><text>The term <quote>Indian tribe</quote> has the meaning given
the term in section 4 of the Indian Self-Determination and Education Assistance
Act (<external-xref legal-doc="usc" parsable-cite="usc/25/450b">25 U.S.C. 450b</external-xref>).</text>
</paragraph><paragraph commented="no" id="HD3B899B0E18B40379CAC9067CAD4DB68"><enum>(7)</enum><header>Plant</header><text>The
term <quote>plant</quote> means any species of wild flora.</text>
</paragraph><paragraph commented="no" id="H26EEDA3BFA014A9EAC92803103183B7B"><enum>(8)</enum><header>Secretary</header><text>The
term <quote>Secretary</quote> means the Secretary of the Interior.</text>
</paragraph><paragraph commented="no" id="HF9100CD0353A49CD9F24EB226927F211"><enum>(9)</enum><header>State</header><text>The
term <quote>State</quote> means—</text>
<subparagraph commented="no" id="H123191A22567468EB029F1CC05886771"><enum>(A)</enum><text>a State;</text>
</subparagraph><subparagraph commented="no" id="H15DD2FC293E64993BB23D0354723DDED"><enum>(B)</enum><text>the District of
Columbia;</text>
</subparagraph><subparagraph commented="no" id="H56DB77EEE8614E5C9C2DAAD974A3D74B"><enum>(C)</enum><text>the Commonwealth
of Puerto Rico; and</text>
</subparagraph><subparagraph commented="no" id="HFCCFC74DA5FC420684BF86209091BB73"><enum>(D)</enum><text>any other
territory or possession of the United States.</text>
</subparagraph></paragraph></section><section commented="no" id="HC58AE8D4BDC74C85B0F5D3724E002403"><enum>373.</enum><header>Use of amounts
in Natural Resource Conservation Fund</header>
<subsection commented="no" id="HC521CFBC9E2C4B85BFCE9429FDDAADCC"><enum>(a)</enum><header>Availability of
amounts</header><text display-inline="yes-display-inline">All amounts deposited
in the Natural Resource Conservation Fund established by section 722 of the
Clean Air Act (as added by section 101 of this Act) shall be available upon
such deposit, without further appropriation or fiscal year limitation, to carry
out adaptation activities in accordance with this section.</text>
</subsection><subsection commented="no" id="H09A1B954046742368F11938132B2FABB"><enum>(b)</enum><header>Department of
the Interior</header><text>Of the amounts made available each fiscal year to
carry out this section—</text>
<paragraph commented="no" id="H2E19F823A6EB4FC2BCCFF2ECFC78E48D"><enum>(1)</enum><text>35 percent shall
be deposited in the Wildlife Conservation and Restoration Account established
under section 3(a)(2) of the Pittman-Robertson Wildlife Restoration Act (16
U.S.C. 669b(a)(2)), for grants to States to carry out adaptation activities in
accordance with comprehensive State adaptation strategies approved under
subsection (j);</text>
</paragraph><paragraph commented="no" id="H4F1FE9DEC4AC4E2B864138711FF355D1"><enum>(2)</enum><text>19 percent shall
be allocated to the Secretary for use in funding adaptation activities carried
out—</text>
<subparagraph commented="no" id="H42ED46D0D0624640982DDDAD7C2FC4FC"><enum>(A)</enum><text>under endangered
species, migratory bird, and other fish and wildlife programs administered by
the United States Fish and Wildlife Service;</text>
</subparagraph><subparagraph commented="no" id="HDF17E81D24C34D3D8512D2B7E4B2312C"><enum>(B)</enum><text>on wildlife
refuges and other public land under the jurisdiction of the United States Fish
and Wildlife Service, the Bureau of Land Management, or the National Park
Service; or</text>
</subparagraph><subparagraph commented="no" id="H780A269065604E12B755D654CD1663DA"><enum>(C)</enum><text>within Federal
water managed by the Bureau of Reclamation; and</text>
</subparagraph></paragraph><paragraph commented="no" id="H2FEF31655A1E445FA2B3FC32074CEE59"><enum>(3)</enum><text>5 percent shall be
allocated to the Secretary for adaptation activities carried out under
cooperative grant programs, including—</text>
<subparagraph commented="no" id="H5924F9C19C6E42099E03F2966B7F7178"><enum>(A)</enum><text>the cooperative
endangered species conservation fund authorized under section 6(i) of the
Endangered Species Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/16/1535">16 U.S.C. 1535(i)</external-xref>);</text>
</subparagraph><subparagraph commented="no" id="HFBD508D7B7D040D89371002F21882267"><enum>(B)</enum><text>programs under the
North American Wetlands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/16/4401">16 U.S.C. 4401 et seq.</external-xref>);</text>
</subparagraph><subparagraph commented="no" id="HBAA08DA421C046289FF9D500081C54B6"><enum>(C)</enum><text>the multinational
species conservation fund established under the heading <quote>MULTINATIONAL
SPECIES CONSERVATION FUND</quote> of title I of the Department of the Interior
and Related Agencies Appropriations Act, 1999 (<external-xref legal-doc="usc" parsable-cite="usc/16/4246">16 U.S.C. 4246</external-xref>);</text>
</subparagraph><subparagraph commented="no" id="H999EC1A259F347A4BC494DA737CB17E"><enum>(D)</enum><text>the Neotropical
Migratory Bird Conservation Fund established by section 9(a) of the Neotropical
Migratory Bird Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/16/6108">16 U.S.C. 6108(a)</external-xref>);</text>
</subparagraph><subparagraph commented="no" id="HE6BB97AF69814C91995115715E00D628"><enum>(E)</enum><text>the Coastal
Program of the United States Fish and Wildlife Service;</text>
</subparagraph><subparagraph commented="no" id="HC27ADEA4CCB64585B757D20015FBE28"><enum>(F)</enum><text>the National Fish
Habitat Action Plan;</text>
</subparagraph><subparagraph commented="no" id="HD1AEE7ADCDE047A995D074A16E585FFA"><enum>(G)</enum><text>the Partners for
Fish and Wildlife Program;</text>
</subparagraph><subparagraph commented="no" id="H215FD0652BCA4C0EB076389308CBB207"><enum>(H)</enum><text>the Landowner
Incentive Program;</text>
</subparagraph><subparagraph commented="no" id="H6EB257483B31403900011149FDE62E0"><enum>(I)</enum><text>the Wildlife
Without Borders Program of the United States Fish and Wildlife Service;
and</text>
</subparagraph><subparagraph commented="no" id="H94D7802F3D5440A4AB2BDB16E80144D"><enum>(J)</enum><text>the Park Flight
Migratory Bird Program of the National Park Service; and</text>
</subparagraph></paragraph><paragraph commented="no" id="H312B692CF0E44F078673A647E7C29300"><enum>(4)</enum><text>1 percent shall be
allocated to the Secretary to provide financial assistance to Indian tribes to
carry out adaptation activities through the Tribal Wildlife Grants Program of
the United States Fish and Wildlife Service.</text>
</paragraph></subsection><subsection commented="no" id="HA6B7D46094DF45F286CCC9EFF4D35C00"><enum>(c)</enum><header>Land and Water
Conservation Fund</header>
<paragraph commented="no" id="HFEA71F1DFC93417884059BCAB6EDFA03"><enum>(1)</enum><header>Deposits</header>
<subparagraph commented="no" id="H0EDE65D6A6454F258DC2B4C968F2A8B6"><enum>(A)</enum><header>In
general</header><text>Of the amounts made available for each fiscal year to
carry out this section, 10 percent shall be deposited into the Land and Water
Conservation Fund established under section 2 of the Land and Water
Conservation Fund Act of 1965 (<external-xref legal-doc="usc" parsable-cite="usc/16/460l-5">16 U.S.C. 460l–5</external-xref>).</text>
</subparagraph><subparagraph commented="no" id="HFF43DEB5BC544641A1677E01BCF600D1"><enum>(B)</enum><header>Use of
deposits</header><text>Deposits into the Land and Water Conservation Fund under
this subsection shall—</text>
<clause commented="no" id="H19C5DB573E8C4A2287F61BC24BFE6EB4"><enum>(i)</enum><text>be supplemental to
authorizations provided under section 3 of the Land and Water Conservation Fund
Act of 1965 (<external-xref legal-doc="usc" parsable-cite="usc/16/460l-6">16 U.S.C. 460l–6</external-xref>) which shall remain available for nonadaptation
needs; and</text>
</clause><clause id="H4912BDC2750C4F1D925C47E3A20064F5"><enum>(ii)</enum><text>be
available for expenditure to carry out this section without further
appropriation or fiscal year limitation.</text>
</clause></subparagraph></paragraph><paragraph commented="no" id="H38450935587D477AB6562FC6FEFD6BAF"><enum>(2)</enum><header>Allocations</header><text>Of
the amounts deposited under this subsection into the Land and Water
Conservation Fund—</text>
<subparagraph commented="no" id="HA712662C368D41208ECDC29A1FBF1EA"><enum>(A)</enum><text><fraction>1/6</fraction>
shall be allocated to the Secretary and made available on a competitive basis
to carry out adaptation activities through the acquisition of land and
interests in land under section 6 of the Land and Water Conservation Fund Act
of 1965 (<external-xref legal-doc="usc" parsable-cite="usc/16/460l-8">16 U.S.C. 460l–8</external-xref>)—</text>
<clause commented="no" id="H434EFF6C5D5044C8A4B84400BD17603E"><enum>(i)</enum><text>to States in
accordance with comprehensive wildlife conservation strategies, and to Indian
tribes;</text>
</clause><clause commented="no" id="H07E863E8DC5B4025B64E29F1D684F0F3"><enum>(ii)</enum><text>notwithstanding
section 5 of that Act (<external-xref legal-doc="usc" parsable-cite="usc/16/460l-7">16 U.S.C. 460l–7</external-xref>); and</text>
</clause><clause commented="no" id="HAFFFC0FCFF434498B624EB01459CB8BE"><enum>(iii)</enum><text>in addition to
any funds provided pursuant to—</text>
<subclause commented="no" id="HD461BFE006FB44D0B4134954512BCD9"><enum>(I)</enum><text>annual
appropriations Acts;</text>
</subclause><subclause commented="no" id="H00F56C93F667431E9961485B75E4759"><enum>(II)</enum><text>the Energy Policy
Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/15801">42 U.S.C. 15801 et seq.</external-xref>); or</text>
</subclause><subclause commented="no" id="HF79675FC6D30420896D8FCEDDEFE470"><enum>(III)</enum><text>any other
authorization for nonadaptation needs;</text>
</subclause></clause></subparagraph><subparagraph commented="no" id="HBAEB3755E43043E6A9FA7F8523381068"><enum>(B)</enum><text><fraction>1⁄3</fraction>
shall be allocated to the Secretary to carry out adaptation activities through
the acquisition of lands and interests in land under section 7 of the Land and
Water Conservation Fund Act of 1965 (<external-xref legal-doc="usc" parsable-cite="usc/16/460l-9">16 U.S.C. 460l–9</external-xref>);</text>
</subparagraph><subparagraph commented="no" id="HD6001371DFC5478798C98D2F4D35765D"><enum>(C)</enum><text><fraction>1⁄6</fraction>
shall be allocated to the Secretary of Agriculture and made available to the
States to carry out adaptation activities through the acquisition of land and
interests in land under section 7 of the Forest Legacy Program under the
Cooperative Forestry Assistance Act of 1978 (<external-xref legal-doc="usc" parsable-cite="usc/16/2103c">16 U.S.C. 2103c</external-xref>); and</text>
</subparagraph><subparagraph commented="no" id="H74273434FD4E4746AC775316D9721956"><enum>(D)</enum><text><fraction>1⁄3</fraction>
shall be allocated to the Secretary of Agriculture to carry out adaptation
activities through the acquisition of land and interests in land under section
7 of the Land and Water Conservation Fund Act of 1965 (16 U.S.C.
460l–9).</text>
</subparagraph></paragraph><paragraph commented="no" id="HAE48E979842E4A94B2DA8CD640E90096"><enum>(3)</enum><header>Expenditure of
funds</header><text>In allocating funds under paragraph (2), the Secretary and
the Secretary of Agriculture shall take into consideration factors
including—</text>
<subparagraph commented="no" id="H40443374D4BC436FAADAE471B2B9D5DA"><enum>(A)</enum><text>the availability
of non-Federal contributions from State, local, or private sources;</text>
</subparagraph><subparagraph commented="no" id="H3D8F9144291C4100B44D0604ACFCBE16"><enum>(B)</enum><text>opportunities to
protect wildlife corridors or otherwise to link or consolidate fragmented
habitats;</text>
</subparagraph><subparagraph commented="no" id="H3537154008164146997B4BA2085E7E78"><enum>(C)</enum><text>opportunities to
reduce the risk of catastrophic wildfires, extreme flooding, or other
climate-related events that are harmful to fish and wildlife and people;</text>
</subparagraph><subparagraph commented="no" id="H8B327D9DBDFC4A819E3DD482A1B3BF14"><enum>(D)</enum><text>the potential for
conservation of species or habitat types at serious risk due to climate change,
ocean acidification, and other stressors; and</text>
</subparagraph><subparagraph commented="no" id="H5ED2D4C1F16C42109F4DA44131BC9DC4"><enum>(E)</enum><text>the potential to
provide enhanced access to land and water for fishing, hunting, and other
public recreational uses.</text>
</subparagraph></paragraph></subsection><subsection commented="no" id="HD405CFE7291C44419F88B900C8C7A1E3"><enum>(d)</enum><header>Forest
Service</header><text>Of the amounts made available each fiscal year to carry
out this section, 5 percent shall be allocated to the Secretary of Agriculture
for use in funding adaptation activities carried out on national forests and
national grasslands under the jurisdiction of the Forest Service, or pursuant
to the cooperative Wings Across the Americas Program.</text>
</subsection><subsection commented="no" id="HB48D40CBBB894028A94813009F9C9080"><enum>(e)</enum><header>Environmental
Protection Agency</header><text>Of the amounts made available each fiscal year
to carry out this section, 5 percent shall be allocated to the Administrator
for use in adaptation activities restoring and protecting—</text>
<paragraph commented="no" id="H3E1FC0EB15CE49F48F157102311969C9"><enum>(1)</enum><text>large-scale
freshwater aquatic ecosystems, such as the Everglades, the Great Lakes,
Flathead Lake, the Missouri River, the Mississippi River, the Colorado River,
the Sacramento-San Joaquin Rivers, the Ohio River, the Columbia-Snake River
System, the Apalachicola, Chattahoochee, and Flint River System, the
Connecticut River, and the Yellowstone River;</text>
</paragraph><paragraph commented="no" id="H27A0C128C1394AB0AE8EF5FDFA03EA5"><enum>(2)</enum><text>large-scale
estuarine ecosystems, such as Chesapeake Bay, Long Island Sound, Puget Sound,
the Mississippi River Delta, the San Francisco Bay Delta, Narragansett Bay, and
Albemarle-Pamlico Sound; and</text>
</paragraph><paragraph commented="no" id="H6C5E8ADCFFFB4D40A2B4E3308B7B8848"><enum>(3)</enum><text>freshwater and
estuarine ecosystems, watersheds, and basins identified as priorities by the
Administrator, working in cooperation with other Federal agencies, States,
local governments, scientists, and other conservation partners.</text>
</paragraph></subsection><subsection commented="no" id="H5964F6D3F944422185E4CD036755BB1D"><enum>(f)</enum><header>Corps of
Engineers</header><text>Of the amounts made available annually to carry out
this section, 10 percent shall be available to the Secretary of the Army for
use by the Corps of Engineers to carry out adaptation activities
restoring—</text>
<paragraph commented="no" id="H75AAE3EB224B4649BFFF38001C76AD08"><enum>(1)</enum><text>large-scale
freshwater aquatic ecosystems, such as the ecosystems described in subsection
(e)(1);</text>
</paragraph><paragraph commented="no" id="HB61A2AA9B48846BA8046B9DE00802C22"><enum>(2)</enum><text>large-scale
estuarine ecosystems, such as the ecosystems described in subsection
(e)(2);</text>
</paragraph><paragraph commented="no" id="H9CC73395A9584BDCA1688EE7BEC3AE92"><enum>(3)</enum><text>freshwater and
estuarine ecosystems, watersheds, and basins identified as priorities by the
Corps of Engineers, working in cooperation with other Federal agencies, States,
local governments, scientists, and other conservation partners; and</text>
</paragraph><paragraph commented="no" id="HF4D6A2AC9EBC40EC803F3DC2587436FC"><enum>(4)</enum><text>habitats and
ecosystems through the implementation of estuary habitat restoration projects
authorized by the Estuary Restoration Act of 2000 (<external-xref legal-doc="usc" parsable-cite="usc/33/2901">33 U.S.C. 2901 et seq.</external-xref>),
project modifications for improvement of the environment, aquatic restoration
and protection projects authorized by section 206 of the Water Resources
Development Act of 1996 (<external-xref legal-doc="usc" parsable-cite="usc/33/2330">33 U.S.C. 2330</external-xref>), and other appropriate programs and
activities.</text>
</paragraph></subsection><subsection commented="no" id="H9D2B17716AF7426BBA8F81B8B000C2F0"><enum>(g)</enum><header>Department of
Commerce</header><text>Of the amounts made available each fiscal year to carry
out this section, 10 percent shall be allocated to the Secretary of Commerce
for use in funding adaptation activities to protect, maintain, and restore
coastal, estuarine, and marine resources, habitats, and ecosystems, including
such activities carried out under—</text>
<paragraph commented="no" id="H3A74FF6189B648EC80F0588F5394EEB2"><enum>(1)</enum><text>the coastal and
estuarine land conservation program;</text>
</paragraph><paragraph commented="no" id="H2F81C626F61C4F2B0099C697447938D"><enum>(2)</enum><text>the community-based
restoration program;</text>
</paragraph><paragraph commented="no" id="HE8CA783CA443449BA07DB2DAC3D41EBC"><enum>(3)</enum><text>the Coastal Zone
Management Act of 1972 (<external-xref legal-doc="usc" parsable-cite="usc/16/1451">16 U.S.C. 1451 et seq.</external-xref>), that State coastal agencies
shall incorporate in accordance with coastal zone management plan elements that
are—</text>
<subparagraph commented="no" id="H1278F11A29B940118E9E05A834E977C"><enum>(A)</enum><text display-inline="yes-display-inline">developed by a coastal state and approved
by the Secretary of Commerce in accordance with section 306 of the Coastal Zone
Management Act of 1972 (<external-xref legal-doc="usc" parsable-cite="usc/16/1455">16 U.S.C. 1455</external-xref>);</text>
</subparagraph><subparagraph commented="no" id="HD09F3E0E124E43FAB50090C0182EF66F"><enum>(B)</enum><text>consistent with
the national adaptation strategy established by the President under subsection
(i); and</text>
</subparagraph><subparagraph commented="no" id="HB174E83F3614429BB2FFA63870E800C0"><enum>(C)</enum><text>specifically
designed to strengthen the ability of coastal, estuarine, and marine resources,
habitats, and ecosystems to adapt to and withstand the impacts of—</text>
<clause commented="no" id="HF8C22D2CD7104301B0E73253C6E91416"><enum>(i)</enum><text>global warming;
and</text>
</clause><clause commented="no" id="H4AE7AE5FB0AA46AD8FCB3D4F5C2DBAC8"><enum>(ii)</enum><text>where
practicable, ocean acidification;</text>
</clause></subparagraph></paragraph><paragraph commented="no" id="HC70FEE6BA2A648898C8BA377E67F4844"><enum>(4)</enum><text>the Open Rivers
Initiative;</text>
</paragraph><paragraph commented="no" id="HFD3DDFB043AA4738A0478977F516256D"><enum>(5)</enum><text>the
Magnuson-Stevens Fishery Conservation and Management Act (16 U.S.C. 1801 et
seq.);</text>
</paragraph><paragraph commented="no" id="H3C3CF0A6AB884D7A82B41F31C3EE7FC0"><enum>(6)</enum><text>the Marine Mammal
Protection Act of 1972 (<external-xref legal-doc="usc" parsable-cite="usc/16/1361">16 U.S.C. 1361 et seq.</external-xref>);</text>
</paragraph><paragraph commented="no" id="H63ECBD8C84534E67AF44FC00CBE8007B"><enum>(7)</enum><text>the Endangered
Species Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/16/1531">16 U.S.C. 1531 et seq.</external-xref>);</text>
</paragraph><paragraph commented="no" id="H1E04F041F6FD4B988B4E75C6CC37C3EE"><enum>(8)</enum><text>the Marine
Protection, Research, and Sanctuaries Act of 1972 (<external-xref legal-doc="usc" parsable-cite="usc/33/1401">33 U.S.C. 1401 et seq.</external-xref>);
and</text>
</paragraph><paragraph commented="no" id="H9CE1F8F85CCD4B4C822DFBDBC548EEC4"><enum>(9)</enum><text>the Coral Reef
Conservation Act of 2000 (<external-xref legal-doc="usc" parsable-cite="usc/16/6401">16 U.S.C. 6401 et seq.</external-xref>).</text>
</paragraph></subsection><subsection commented="no" id="HBC48DD84435D44DD907D13E4A9F64033"><enum>(h)</enum><header>Cost
sharing</header><text>Notwithstanding any other provision of law, a State or
Indian tribe that receives a grant under paragraph (1) or (4) of subsection (b)
shall use funds from non-Federal sources to pay 10 percent of the costs of each
activity carried out using amounts under the grant.</text>
</subsection><subsection commented="no" id="HA16C876B2CA9419081213139A4590016"><enum>(i)</enum><header>National
adaptation strategy</header>
<paragraph commented="no" id="HC029B6209AFA46B0B654BE7CC6D959F"><enum>(1)</enum><header>In
general</header><text>Funds made available under paragraphs (2), (3), and (4)
of subsection (b) and subsections (c) through (g) shall be used only for
adaptation activities that are consistent with the national adaptation strategy
developed by the President under this subsection.</text>
</paragraph><paragraph commented="no" id="H28A068EE92C34972A967D8212F94F101"><enum>(2)</enum><header>National
adaptation strategy</header>
<subparagraph commented="no" id="HAE8A7C2C55E944CFB6E008B95F4414C6"><enum>(A)</enum><header>In
general</header><text>Not later than 3 years after the date of enactment of
this Act, the President shall develop and implement a national adaptation
strategy for assisting fish and wildlife, fish and wildlife habitat, plants,
and associated ecological processes in becoming more resilient and adapting to
the impacts of climate change and ocean acidification.</text>
</subparagraph><subparagraph commented="no" id="HFF2FD1DB2D064D7DAF4FAD3F9EEE13D1"><enum>(B)</enum><header>Administration</header><text>In
establishing and revising the national adaptation strategy, the President
shall—</text>
<clause commented="no" id="H5B6A59E78D2343808D005176006DD1F4"><enum>(i)</enum><text>base the strategy
on the best available science, as identified by the Science Advisory Board
established under subparagraph (D);</text>
</clause><clause id="HD59B5E45689447A2A580F01C002400E8"><enum>(ii)</enum><text>develop the
strategy in coordination with the National Climate Change Adaptation Program
established under subtitle F of this title;</text>
</clause><clause commented="no" id="H97C1366D255D4AE88C1EF54713CF8F1F"><enum>(iii)</enum><text>develop the
strategy in cooperation with State fish and wildlife agencies, State coastal
agencies, United States territories, and Indian tribes;</text>
</clause><clause commented="no" id="H30BC619D8DBC4B5C948F003021B4E400"><enum>(iv)</enum><text>coordinate with
the Secretary of the Interior, the Secretary of Commerce, the Secretary of
Agriculture, the Secretary of Defense, the Administrator of the Environmental
Protection Agency, and other agencies as appropriate;</text>
</clause><clause commented="no" id="H08BEB93DAD904C488F563FFEC8D42E84"><enum>(v)</enum><text>consult with local
governments, conservation organizations, scientists, and other interested
stakeholders; and</text>
</clause><clause commented="no" id="H7A00C575F23F49B4AF19C6BFD004635C"><enum>(vi)</enum><text>provide public
notice and opportunity for comment.</text>
</clause></subparagraph><subparagraph commented="no" id="H96869B5D514F4FACBDF6C60754AB2DC8"><enum>(C)</enum><header>Contents</header><text>The
President shall include in the national adaptation strategy, at a minimum,
prioritized goals and measures and a schedule for implementation—</text>
<clause commented="no" id="HF65FF65884BF4ED68FD3E2AD6D6EA883"><enum>(i)</enum><text>to identify and
monitor fish and wildlife, fish and wildlife habitat, plants, and associated
ecological processes that are particularly likely to be adversely affected by
climate change and ocean acidification and have the greatest need for
conservation;</text>
</clause><clause commented="no" id="H3F7BD2F4A0054162A7253EDA9E4BC813"><enum>(ii)</enum><text>to identify and
monitor coastal, estuarine, marine, terrestrial, and freshwater habitats that
are at the greatest risk of being damaged by climate change and ocean
acidification;</text>
</clause><clause commented="no" id="HFC227C0F7455444496ED76FB6B42533"><enum>(iii)</enum><text>to assist species
in adapting to the impacts of climate change and ocean acidification;</text>
</clause><clause commented="no" id="H0F5E6CB257D940399CB8D4515465A3E3"><enum>(iv)</enum><text>to protect,
acquire, maintain, and restore fish and wildlife habitat to build resilience to
climate change and ocean acidification;</text>
</clause><clause commented="no" id="HB57D2D0026EB4D4B83D482036813704D"><enum>(v)</enum><text>to provide habitat
linkages and corridors to facilitate fish, wildlife, and plant movement in
response to climate change and ocean acidification;</text>
</clause><clause commented="no" id="HF2A77F77822E457692EE5D8F664C94CA"><enum>(vi)</enum><text>to restore and
protect ecological processes that sustain fish, wildlife, and plant populations
that are vulnerable to climate change and ocean acidification;</text>
</clause><clause commented="no" id="H46428AA6D11947F0B5CF5ABB8F2BB47"><enum>(vii)</enum><text>to protect,
maintain, and restore coastal, marine, and aquatic ecosystems so that the
ecosystems are more resilient and better able to withstand the further stresses
associated with climate change, including relative sea level rise and ocean
acidification;</text>
</clause><clause commented="no" id="H0A3796678F684CC5A59F82C837102753"><enum>(viii)</enum><text>to protect
ocean and coastal species from the impact of climate change and ocean
acidification;</text>
</clause><clause commented="no" id="H0630A0C6E3564DCB971304EC77FF43BC"><enum>(ix)</enum><text>to incorporate
adaptation strategies and activities to address relative sea level rise in
coastal zone planning;</text>
</clause><clause commented="no" id="HD66D43A1568945FD8C5B15DD4B551BDC"><enum>(x)</enum><text>to protect,
maintain, and restore ocean and coastal habitats to build healthy and resilient
ecosystems, including the purchase of coastal and island land; and</text>
</clause><clause commented="no" id="HA279658601B645BA9FFF0635723CC1E"><enum>(xi)</enum><text>to incorporate
consideration of climate change and ocean acidification, and to integrate
adaptation strategies and activities for fish and wildlife, fish and wildlife
habitat, plants, and associated ecological processes, in the planning and
management of Federal land and water administered by the Federal agencies that
receive funding under this section.</text>
</clause></subparagraph><subparagraph commented="no" id="H9E44B6B56E234872A9B44F40932C4BE0"><enum>(D)</enum><header>Science Advisory
Board</header>
<clause commented="no" id="H1A84D3D727BD4ED3BA7DC5F4CD826C07"><enum>(i)</enum><header>Establishment</header><text>Not
later than 180 days after the date of enactment of this Act, the Secretary
shall establish and appoint the members of a Science Advisory Board, to be
comprised of not fewer than 10 and not more than 20 members—</text>
<subclause commented="no" id="H231A84A443F04C1DA472B8698CB23794"><enum>(I)</enum><text>at least
<fraction>3/4</fraction> of whom are recommended by the President of the
National Academy of Sciences;</text>
</subclause><subclause commented="no" id="H2AE032609D4F4946BE8859EC4F70F2E4"><enum>(II)</enum><text>who have
expertise in fish, wildlife, plant, aquatic, and coastal and marine biology,
ecology, climate change, ocean acidification, and other relevant scientific
disciplines; and</text>
</subclause><subclause commented="no" id="H0BFFA4C524FB4FF5A6400042C6FC9261"><enum>(III)</enum><text>who represent a
balanced membership among Federal, State, and local representatives,
universities, and conservation organizations.</text>
</subclause></clause><clause commented="no" id="H4FAAC7E8D0F940248962183500C0DADA"><enum>(ii)</enum><header>Duties</header><text>The
Science Advisory Board shall—</text>
<subclause commented="no" id="HCE9FDBA27903444E833BE4EAB1C9433"><enum>(I)</enum><text>advise the
President and relevant Federal agencies and departments on—</text>
<item commented="no" id="H26520619DDBC4E17A7E4D727DAED49AF"><enum>(aa)</enum><text>the best
available science regarding the impacts of climate change and ocean
acidification on fish and wildlife, habitat, plants, and associated ecological
processes; and</text>
</item><item commented="no" id="H876DEC10A22045249F50F16FEBDFE2ED"><enum>(bb)</enum><text>scientific
strategies and mechanisms for adaptation; and</text>
</item></subclause><subclause commented="no" id="H8BA23C3C757D482C8600002EABE38687"><enum>(II)</enum><text>identify and
recommend priorities for ongoing research needs on those issues.</text>
</subclause></clause><clause commented="no" id="H148290BB66CE46AAB3900089A4E3FEFA"><enum>(iii)</enum><header>Collaboration</header><text>The
Science Advisory Board shall collaborate with other climate change and
ecosystem research entities in other Federal agencies and departments.</text>
</clause><clause commented="no" id="H2CCB1BE19CE049B5B6BEE4BB18B6184D"><enum>(iv)</enum><header>Availability to
public</header><text>The advice and recommendations of the Science Advisory
Board shall be made available to the public.</text>
</clause><clause commented="no" id="H01EE9264BAC84B429BD96E500D25C54"><enum>(v)</enum><header>Nonapplicability
of FACA</header><text>The Federal Advisory Committee Act (5 U.S.C. App.) shall
not apply to the Science Advisory Board.</text>
</clause></subparagraph><subparagraph commented="no" id="H90E5A9BDADC84CE3AFC903C4FACBEC04"><enum>(E)</enum><header>Coordination
with other plans</header><text>In developing and revising the national
adaptation strategy, the President shall, to the maximum extent
practicable—</text>
<clause commented="no" id="H915826C798614B019CADC1B32D5B48F"><enum>(i)</enum><text>take into
consideration research and information contained in—</text>
<subclause commented="no" id="H5B8AD77765964D4D84F97010AAF0ADE"><enum>(I)</enum><text>National Climate
Change Vulnerability Assessments developed under section 366 of this
Act;</text>
</subclause><subclause id="H4460AB4E3D9F47C98BF3232D1476E840"><enum>(II)</enum><text>State
comprehensive wildlife conservation plans;</text>
</subclause><subclause commented="no" id="H9AC2204E699646A18CCC52B0B10588A7"><enum>(III)</enum><text>the North
American waterfowl management plan;</text>
</subclause><subclause commented="no" id="H6450C80D5D8B437DA4FDDD5C99001BA3"><enum>(IV)</enum><text>the national fish
habitat action plan;</text>
</subclause><subclause commented="no" id="H6B1842288A964462B5DBF6B0A5220034"><enum>(V)</enum><text>coastal zone
management plans;</text>
</subclause><subclause commented="no" id="H1572ABE6CC8942C989403D89E5F441DD"><enum>(VI)</enum><text>the reports of
the Pew Oceans Commission and the United States Commission on Ocean Policy;
and</text>
</subclause><subclause commented="no" id="HFE91E7AABCD6494882B91764D20385A9"><enum>(VII)</enum><text>other relevant
plans; and</text>
</subclause></clause><clause commented="no" id="HF18A094F7BC84F18B51687BF7300C4A4"><enum>(ii)</enum><text>coordinate and
integrate the goals and measures identified in the national strategy with the
goals and measures identified in those plans.</text>
</clause></subparagraph><subparagraph commented="no" id="HC0BCDB3A492B43D49DF2122BF7AE046B"><enum>(F)</enum><header>Revisions</header><text>Not
later than 4 years after the date on which the national adaptation strategy is
developed, and not less frequently than every 4 years thereafter, the President
shall review and update the strategy using the procedures described in this
paragraph.</text>
</subparagraph></paragraph></subsection><subsection commented="no" id="H8FBEDFE654FB4E7CACA76B14842AA00"><enum>(j)</enum><header>State
comprehensive adaptation strategies</header>
<paragraph commented="no" id="HBD01D77D5570429BBEF3485DA795456E"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), funds made available
to States under this subtitle shall be used only for activities that are
consistent with a State strategy that has been approved by—</text>
<subparagraph commented="no" id="HE906B37142D14CD6AA91BB096CA3D43D"><enum>(A)</enum><text>the Secretary of
the Interior; and</text>
</subparagraph><subparagraph commented="no" id="HF29552A898C14593804374A8BF3451AB"><enum>(B)</enum><text>for any State with
a coastal zone (as that term is used in the Coastal Zone Management Act of 1972
(<external-xref legal-doc="usc" parsable-cite="usc/16/1451">16 U.S.C. 1451 et seq.</external-xref>)), the Secretary of Commerce, with respect to portions
of the strategy relating to activities affecting the coastal zone.</text>
</subparagraph></paragraph><paragraph commented="no" id="H0C8FAB022F474AEA8BFE0030BC678728"><enum>(2)</enum><header>Initial
period</header>
<subparagraph commented="no" id="H35A789A923904506004E8FF2E91D61E2"><enum>(A)</enum><header>In
general</header><text>Until the earlier of the date that is 3 years after the
date of enactment of this Act or the date on which a State receives approval
for a State strategy from the Secretary of the Interior and the Secretary of
Commerce in accordance with paragraph (1), a State shall be eligible to receive
funding under subsection (b)(1) for adaptation activities that are—</text>
<clause commented="no" id="H44C260B11A01445C8162B662D0B3D831"><enum>(i)</enum><text>consistent with
the Comprehensive Wildlife Conservation Strategy of the State as approved by
the Director of the United States Fish and Wildlife Service and, where
appropriate, other fish, wildlife and conservation strategies; and</text>
</clause><clause commented="no" id="HFB0CBEC50942477AA1E2127FB1D2CE6"><enum>(ii)</enum><text>in accordance with
a workplan developed by the State in coordination with—</text>
<subclause commented="no" id="H4F0734E422A64434ACD063B703D4566E"><enum>(I)</enum><text display-inline="yes-display-inline">the Secretary of the Interior; and</text>
</subclause><subclause commented="no" id="HE39F81ACF1B14B9791511CE4E16FAEFB"><enum>(II)</enum><text display-inline="yes-display-inline">for any State with a coastal zone (as that
term is used in the Coastal Zone Management Act of 1972 (16 U.S.C. 1451 et
seq.)), the Secretary of Commerce with respect to portions of the strategy
relating to activities affecting the coastal zone.</text>
</subclause></clause></subparagraph><subparagraph commented="no" id="H322FC35AE02149279296EFB139284BD5"><enum>(B)</enum><header>Pending
approval</header><text>During the period for which approval by the applicable
Secretary of a State strategy described in paragraph (3) is pending, the State
may continue receiving funds under subsection (b)(1) pursuant to the workplan
described subparagraph (A)(ii).</text>
</subparagraph></paragraph><paragraph commented="no" id="HD7E62DD29B4F4953A06E9167C1560061"><enum>(3)</enum><header>Requirements</header><text>To
be eligible for approval by the Secretary of the Interior and the Secretary of
Commerce under this section, a State strategy must—</text>
<subparagraph commented="no" id="H12121FC9082042C8BE36D29D6029192C"><enum>(A)</enum><text>describe the
impacts of climate change and ocean acidification on the diversity and health
of the fish, wildlife and plant populations, habitats, and associated
ecological processes;</text>
</subparagraph><subparagraph commented="no" id="HBCB8063AD8A3497796EE1D8854D8AEFE"><enum>(B)</enum><text>describe and
prioritize proposed conservation actions to assist fish, wildlife, and plant
populations in adapting to those impacts;</text>
</subparagraph><subparagraph commented="no" id="H52910A6BB9904EE5A38F2592AF9961CF"><enum>(C)</enum><text>establish programs
for monitoring the impacts of climate change on fish, wildlife, and plant
populations, habitats, and associated ecological processes;</text>
</subparagraph><subparagraph commented="no" id="H8247BAE22ACB4983BB15C5D2E0B0B59F"><enum>(D)</enum><text>include
strategies, specific conservation actions, and a timeframe for implementing
conservation actions for fish, wildlife, and plant populations, habitats, and
associated ecological processes;</text>
</subparagraph><subparagraph commented="no" id="HAF25961279CD4E73A4E8D9C064137057"><enum>(E)</enum><text>establish methods
for assessing the effectiveness of conservation actions taken to assist fish,
wildlife, and plant populations, habitats, and associated ecological processes
in adapting to those impacts and for updating those actions to respond
appropriately to new information or changing conditions;</text>
</subparagraph><subparagraph commented="no" id="HE6EB295B837E48868B788DF558F8F1C2"><enum>(F)</enum><text>be
developed—</text>
<clause commented="no" id="H726B08FDE959410D961775BF9F2DB5A1"><enum>(i)</enum><text>with the
participation of the State fish and wildlife agency, the State agency
responsible for administration of Land and Water Conservation Fund grants, the
State Forest Legacy program coordinator, and the State coastal agency;
and</text>
</clause><clause commented="no" id="H35F38512426A4DBEB7B2D68E12180068"><enum>(ii)</enum><text>in coordination
with the Secretary of the Interior and, where applicable, the Secretary of
Commerce;</text>
</clause></subparagraph><subparagraph commented="no" id="HE99118F5809249C6AE00FCE6E4C3B899"><enum>(G)</enum><text>provide for
solicitation and consideration of public and independent scientific
input;</text>
</subparagraph><subparagraph commented="no" id="HACD080A731F043B7813FE750EE0083E8"><enum>(H)</enum><text>take into
consideration research and information contained in, and coordinate with and
integrate the goals and measures identified in, as appropriate, other fish,
wildlife, and habitat conservation strategies, including—</text>
<clause commented="no" id="H2B966CEE97004E489ED570CD02730631"><enum>(i)</enum><text>the national fish
habitat action plan;</text>
</clause><clause commented="no" id="HC503F4777DC3491FA52FDE6FA8D7133B"><enum>(ii)</enum><text>plans under the
North American Wetlands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/16/4401">16 U.S.C. 4401 et seq.</external-xref>);</text>
</clause><clause commented="no" id="HA5CF4E2B00734019A719198D00C100E0"><enum>(iii)</enum><text>the Federal,
State, and local partnership known as <quote>Partners in Flight</quote>;</text>
</clause><clause commented="no" id="HE5E1568C0A1D4ACBA0DBBD80624BF026"><enum>(iv)</enum><text>federally
approved coastal zone management plans under the Coastal Zone Management Act of
1972 (<external-xref legal-doc="usc" parsable-cite="usc/16/1451">16 U.S.C. 1451 et seq.</external-xref>);</text>
</clause><clause commented="no" id="H2701BE2B5FFD48D6BAC474FD4FB7CFC9"><enum>(v)</enum><text>regional fishery
management plans and habitat conservation activities under the Magnuson-Stevens
Fishery Conservation and Management Act (<external-xref legal-doc="usc" parsable-cite="usc/16/1801">16 U.S.C. 1801 et seq.</external-xref>);</text>
</clause><clause commented="no" id="H3EB936B64B7E4696AAD5007402DE00D4"><enum>(vi)</enum><text>the National
Action Plan to Conserve Coral Reefs developed by the United States Coral Reef
Task Force;</text>
</clause><clause commented="no" id="H794A00464ABE4B72A6D8079FE91CE6E2"><enum>(vii)</enum><text>recovery plans
for threatened species and endangered species under section 4(f) of the
Endangered Species Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/16/1533">16 U.S.C. 1533(f)</external-xref>);</text>
</clause><clause commented="no" id="HC0031CFFD9204A79BDB0DFC4AE4B6C2C"><enum>(viii)</enum><text>habitat
conservation plans under section 10 of that Act (<external-xref legal-doc="usc" parsable-cite="usc/16/1539">16 U.S.C. 1539</external-xref>);</text>
</clause><clause commented="no" id="H902EB6730158455FBCB6D5F4E5B12F1"><enum>(ix)</enum><text>other Federal and
State plans for imperiled species;</text>
</clause><clause commented="no" id="H12BBAF48BCDB41CAA096A2E718D63F8"><enum>(x)</enum><text>the United States
shorebird conservation plan;</text>
</clause><clause commented="no" id="HB2F1DCB01DA4475D97DFF7106BED05B3"><enum>(xi)</enum><text>the North
American waterbird conservation plan; and</text>
</clause><clause commented="no" id="H17EE6CEC06FD4ACCA256DA16CB33BDB"><enum>(xii)</enum><text>other State-based
strategies that comprehensively implement adaptation activities to remediate
the effects of climate change and ocean acidification on fish, wildlife, and
habitats; and</text>
</clause></subparagraph><subparagraph commented="no" id="HD5F5A880454B4DEEB4942120E0FE2758"><enum>(I)</enum><text>be incorporated
into a revision of the Comprehensive Wildlife Conservation Strategy of a
State—</text>
<clause commented="no" id="HD3E2DAFBEDC74418AD6FEBC650008282"><enum>(i)</enum><text>that has been
submitted to the United States Fish and Wildlife Service; and</text>
</clause><clause commented="no" id="HC54B149A6B4842ADA78915DA29F73482"><enum>(ii)</enum><subclause commented="no" display-inline="yes-display-inline" id="H55B9935CE7CE49C18593D4479412FF93"><enum>(I)</enum><text>that has been approved
by the Service; or</text>
</subclause><subclause commented="no" id="HDE2474856C0949498FECFBF9F8008884" indent="up1"><enum>(II)</enum><text>on which a decision on approval is
pending.</text>
</subclause></clause></subparagraph></paragraph><paragraph commented="no" id="H00E98629FE934B6AB4A800009E69FEA8"><enum>(4)</enum><header>Updating</header><text>Each
State strategy approved by the Secretary of the Interior and the Secretary of
Commerce must be updated at least every 5 years.</text>
</paragraph></subsection></section></subtitle><subtitle id="HA81140A7FF5F4EA3824B438EEE5DF157"><enum>H</enum><header>Climate Change
Education and Centers for Excellence</header>
<section id="HF2EAA9E05782416FB685F8DDCC856183"><enum>381.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of this subtitle are—</text>
<paragraph id="HC3666E9D8145487D813BF1C25E699970"><enum>(1)</enum><text>to promote citizen
awareness of climate change, including the causes and impacts of climate change
and greenhouse gas reduction strategies, by supporting the development and
implementation of informal and formal public education initiatives in this
area; and</text>
</paragraph><paragraph id="H821C59DDB6A34061B83B8392201BCB05"><enum>(2)</enum><text>to establish
national centers for excellence to encourage collaborative research,
information-sharing, and public education and outreach in a variety of issue
areas relating to climate change.</text>
</paragraph></section><section id="HC4EB83457CFD432C92FB2FC73CC3E512"><enum>382.</enum><header>Funding</header><text display-inline="no-display-inline">For purposes of this subtitle, the term
<quote>Climate Change Education and Outreach Fund</quote> means the Climate
Change Education and Outreach Fund established under section 722 of the Clean
Air Act (as added by section 101 of this Act). Funds deposited in the Climate
Change Education and Outreach Fund shall be available, without further
appropriation or fiscal year limitation, to carry out this subtitle.</text>
</section><section id="H7AA9E720361A482984BEC63A5716EED"><enum>383.</enum><header>National Science
Foundation climate change education programs</header>
<subsection id="HBDF47A392120492B008626EC6451445F"><enum>(a)</enum><header>Allocation</header><text>In
each of fiscal years 2010 through 2050, the Director of the National Science
Foundation shall use 30 percent of the funds deposited in the Climate Change
Education and Outreach Fund to carry out this section. Funding provided under
this section shall be in addition to any funding that is otherwise authorized
or appropriated.</text>
</subsection><subsection id="H6E061B3D7D334E00ADB98C82DD626A4"><enum>(b)</enum><header>Program</header>
<paragraph id="HE7BC2E36363F44869C25F55903B26355"><enum>(1)</enum><header>Establishment</header><text>The
Director of the National Science Foundation shall establish a Climate Change
Education Program to—</text>
<subparagraph id="H6BFD8AEC58984C2EBF32A3F616185CB"><enum>(A)</enum><text>broaden public
understanding of climate change, possible long-term and short-term
consequences, and potential solutions;</text>
</subparagraph><subparagraph id="HCE3DDFB1B40D4E769901548525A806C"><enum>(B)</enum><text>apply the latest
scientific and technological discoveries to provide formal and informal
learning opportunities to people of all ages, including those of diverse
cultural and linguistic backgrounds; and</text>
</subparagraph><subparagraph id="HB46D98178FFD4049B7327ED5897F4443"><enum>(C)</enum><text>emphasize
actionable information to help people understand and to promote implementation
of new technologies, programs, and incentives related to energy conservation,
renewable energy, and greenhouse gas reduction.</text>
</subparagraph></paragraph><paragraph id="H85AEB90C301F453DBDE91CE9158DC3C5"><enum>(2)</enum><header>Program
elements</header><text>The Climate Change Education Program shall
include—</text>
<subparagraph id="H4A45B3D749194D62857E11F20061B32C"><enum>(A)</enum><text>a national
information campaign to disseminate information on and promote implementation
of the new technologies, programs, and incentives described in paragraph
(1)(C); and</text>
</subparagraph><subparagraph id="H7994BA0B39EC4271AC6D8E3D7F4BB0E"><enum>(B)</enum><text>a competitive grant
program to provide grants to State and local governments, educational
institutions, and other organizations to—</text>
<clause id="H7CF129CD7B3743E8AE89E0017F2044E"><enum>(i)</enum><text>create informal
education materials, exhibits, and multimedia presentations relevant to climate
change and climate science;</text>
</clause><clause id="HE53493E5686C4DB49C862B66F0DCB886"><enum>(ii)</enum><text>develop climate
science kindergarten through grade 12 curriculum and supplementary educational
materials; or</text>
</clause><clause id="HFEDF738757AB4404AB245E7CCBF92002"><enum>(iii)</enum><text>publish climate
change and climate science information in print, electronic, and audio-visual
forms.</text>
</clause></subparagraph></paragraph></subsection></section><section id="H0F53213434344DE69BDEE4DCE059E949"><enum>384.</enum><header>Environmental
Protection Agency climate change education program</header><text display-inline="no-display-inline">In
each of fiscal years 2010 through 2050, the Administrator shall use 10 percent
of the funds deposited in the Climate Change Education and Outreach Fund to
develop educational materials related to climate change, climate science, and
greenhouse gas reduction strategies for use by educators, kindergarten through
grade 12 students, businesses, communities, and the general public.</text>
</section><section id="HCBE978CE7F13423690D6BCD400F32737"><enum>385.</enum><header>Climate change
centers for excellence</header>
<subsection id="HFB493A129F0746D3BE3EF865BDDB3881"><enum>(a)</enum><header>In
general</header><text>In each of fiscal years 2010 through 2050, the President,
through such Federal agency or agencies as the President may designate, shall
use 60 percent of the funds deposited during the fiscal year in the Climate
Change Education and Outreach Fund to provide cost-sharing grants to support
the establishment and maintenance of centers for excellence in accordance with
this section.</text>
</subsection><subsection id="H003EBD35C9DA4827BAD6BF17DEE52371"><enum>(b)</enum><header>Types of
centers</header><text>Grants shall be provided to eligible entities to
establish and maintain one or more centers for excellence focusing on each of
the following areas:</text>
<paragraph id="H7B02910BFAA54FEC8837EB32EAE0AA33"><enum>(1)</enum><text>Climate change
science, including scientific assessment of the effectiveness of public
policies related to climate change.</text>
</paragraph><paragraph id="HDFCA232A16624C2D8F723EB9A1A9815D"><enum>(2)</enum><text>Renewable energy
technologies and policies.</text>
</paragraph><paragraph id="H6CBBF2CA78E9430997D3D998004B7DB9"><enum>(3)</enum><text>Energy efficiency
technologies and policies.</text>
</paragraph><paragraph id="HFEC233CE5B7E4775AABA209DC2D3C2D"><enum>(4)</enum><text>Policies to reduce
vehicle miles traveled.</text>
</paragraph><paragraph id="H9257DCD1430244B0A570D07D3C23CCDA"><enum>(5)</enum><text>Greenhouse gas
management in the agriculture and forestry sectors.</text>
</paragraph><paragraph id="HC331B9F8B0454DA1B3CA8C8488003F5C"><enum>(6)</enum><text>Adaptation to
adverse impacts of climate change, including impacts on public health, public
infrastructure, agriculture, and conservation of natural resources.</text>
</paragraph></subsection><subsection id="H6902265066994DF9B1B639002D9309E4"><enum>(c)</enum><header>Functions</header><text>Each
center for excellence receiving assistance under this section shall, with
respect to such center’s designated focus—</text>
<paragraph id="H6956AAC5BE914E4FBCD8FD400C2CA65"><enum>(1)</enum><text>serve as a national
clearinghouse for information and best-practices;</text>
</paragraph><paragraph id="H67497C2D09FF465B8E9F73A23D5FCA0"><enum>(2)</enum><text>develop and
implement public education and outreach initiatives, including training and
technical assistance where appropriate; and</text>
</paragraph><paragraph id="HD63640772CC24BFFB4323D7CF936F9F0"><enum>(3)</enum><text>provide a forum
for communication and collaboration among governmental and nongovernmental
stakeholders and researchers.</text>
</paragraph></subsection><subsection id="H29C8F40614B048F3AF15E8AE9CA85226"><enum>(d)</enum><header>Eligible
entities</header><text>Entities eligible to receive grants to establish centers
for excellence under this section shall be limited to—</text>
<paragraph id="H7519E49BF47E460E957F6D0081F342A7"><enum>(1)</enum><text>colleges and
universities located in the United States; and</text>
</paragraph><paragraph id="H325A81D753174F5B9F99A485C361A8A5"><enum>(2)</enum><text>not-for-profit
nongovernmental organizations headquartered in the United States.</text>
</paragraph></subsection><subsection id="H291D7256258A4A91AFFFF1E40010A1D4"><enum>(e)</enum><header>Regulations;
selection criteria</header><text>The agency or agencies to which the President
delegates authority to provide grants under this section shall, not later than
January 1, 2010, promulgate regulations providing for the implementation of
this section. Such regulations shall include objective criteria for the
competitive selection of grant recipients under this section.</text>
</subsection></section></subtitle><enum>IV</enum><header>ENCOURAGING
GLOBAL ACTION</header>
<subtitle id="H70F0CBB9FECD42CDAC4B00004CA608A8"><enum>A</enum><header>International
Forest Protection Fund</header>
<section id="H8C6F3A6D194C44BA81E9497498D5FF93"><enum>401.</enum><header>Findings and
purposes</header>
<subsection id="H48F2AB3C38BF4254B1AD91C8043143E2"><enum>(a)</enum><header>Findings</header><text>Congress
finds that—</text>
<paragraph id="H9B424AB2D8F8496BB229164D2B65FC91"><enum>(1)</enum><text>land-use change
and forest sector emissions account for approximately 20 percent of global
greenhouse gas emissions;</text>
</paragraph><paragraph id="H77B73AB4EA704AA8947CF53D82EA3B54"><enum>(2)</enum><text>land conversion
and deforestation are 2 of the largest sources of greenhouse gas emissions in
the developing world, amounting to roughly 40 percent of the total greenhouse
gas emissions of the developing world;</text>
</paragraph><paragraph id="HD8237F09E7A7432EAFD0F0D0635DF194"><enum>(3)</enum><text>with sufficient
data, deforestation rates and forest carbon stocks can be measured with an
acceptable level of uncertainty; and</text>
</paragraph><paragraph id="HD5EC752532B04C48AB26603B5FAAF7CE"><enum>(4)</enum><text>land conversion
and deforestation in the developing world have significant adverse
environmental and social impacts not related to climate, including loss of
ecosystem services, biodiversity, and forest-related livelihoods.</text>
</paragraph></subsection><subsection id="H31C794C0123A49C69B11238E8DE4796D"><enum>(b)</enum><header>Purposes</header><text>The
purposes of this subtitle are—</text>
<paragraph id="H6C8F7AA77B954D39A76D2612969DFA8B"><enum>(1)</enum><text>to provide
financial incentives to developing countries to encourage—</text>
<subparagraph id="HB0181900C781409DAC3528DD90BC2D"><enum>(A)</enum><text>reductions in
deforestation and forest degradation; and</text>
</subparagraph><subparagraph id="HE3681851C3314A499ED4623493C3A522"><enum>(B)</enum><text>increases in
sequestration of carbon through afforestation, restoration of forests and
degraded land that had not been forested prior to restoration, and improved
forest management; and</text>
</subparagraph></paragraph><paragraph id="H36809D7482AF460A9B99F259EA5D027"><enum>(2)</enum><text>to
provide such incentives in a manner that will—</text>
<subparagraph id="HA783C4FABF544E668C851D7EFD6CFC46"><enum>(A)</enum><text>achieve
substantial and cost-effective reductions in global greenhouse gas
emissions;</text>
</subparagraph><subparagraph id="HFF815B92E7EE4F3A00BACDB4238F716E"><enum>(B)</enum><text>encourage
participation by developing countries in greenhouse gas limitation regimes;
and</text>
</subparagraph><subparagraph id="H665682F9797646B8957362F822006CD0"><enum>(C)</enum><text>secure nonclimate
environmental and social benefits, including conservation of forest ecosystems
and biodiversity and protection of the livelihoods and cultural resources of
indigenous and other forest-dependent people in developing countries.</text>
</subparagraph></paragraph></subsection></section><section id="HF1CF0FF9F1D441A38407CBD2084D4386"><enum>402.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="HAB7D2FD2631C47FCA30748B560F4B173"><enum>(1)</enum><header>Appropriate
congressional committees</header><text>The term <quote>appropriate
congressional committees</quote> means—</text>
<subparagraph id="H3B369D9B3FDB49FDBB314C7CD3897233"><enum>(A)</enum><text>the Committees on
Energy and Commerce and Foreign Affairs of the House of Representatives;
and</text>
</subparagraph><subparagraph id="H4163254BBAC441DE8F68621943111BC2"><enum>(B)</enum><text>the Committees on
Environment and Public Works, Energy and Natural Resources, and Foreign
Relations of the Senate.</text>
</subparagraph></paragraph><paragraph id="HB57EEA5C6D08450F905E6640603412AF"><enum>(2)</enum><header>Forest carbon
activities</header><text>The term <quote>forest carbon activities</quote> means
activities in developing countries that are directed at—</text>
<subparagraph id="H6602CDD77741492EAD3000D05F79E5E"><enum>(A)</enum><text>reducing greenhouse
gas emissions from deforestation and forest degradation; and</text>
</subparagraph><subparagraph id="HAA301F5CE45E45548072FFE5D2E181D"><enum>(B)</enum><text>increasing
sequestration of carbon through afforestation, restoration of forests and
degraded land that had not been forested prior to restoration, and improved
forest management.</text>
</subparagraph></paragraph></section><section id="HDE604F99318144DC007B07BA7800ACAC"><enum>403.</enum><header>Funding</header>
<subsection id="H7664C53B8DA14C27A7E13351EF36399F"><enum>(a)</enum><header>In
general</header><text>The Administrator, in consultation with the Secretary of
State, is authorized to provide assistance from the International Forest
Protection Fund, established under section 722 of the Clean Air Act (as added
by section 101 of this Act), in accordance with this subtitle. Amounts
deposited in the International Forest Protection Fund shall be available for
expenditure, without further appropriation or fiscal year limitation, to carry
out this subtitle.</text>
</subsection><subsection id="HA3F7D131F3ED463DAE7F8CA5D3DC77F8"><enum>(b)</enum><header>Distribution of
assistance</header>
<paragraph id="H0789DB6A4F664024A329BC3ED4A9FF40"><enum>(1)</enum><header>In
general</header><text>The Administrator shall distribute assistance from the
International Forest Protection Fund—</text>
<subparagraph id="H6A6B80166F6C4419ACFB7BBB85E3CD99"><enum>(A)</enum><text>directly;</text>
</subparagraph><subparagraph id="H1384DDE3D3A943D79F29EE3EA1DC63FA"><enum>(B)</enum><text>through agreements
with the International Bank for Reconstruction and Development (commonly known
as the World Bank) or another international development institution;</text>
</subparagraph><subparagraph id="H40D03F2EFC4B419B8FCCE7001B90F82E"><enum>(C)</enum><text>through an
international fund created pursuant to the United Nations Framework Convention
on Climate Change, done at New York on May 9, 1992, or an agreement negotiated
under such convention; or</text>
</subparagraph><subparagraph id="HE95E654319DB4423A5E3EE99FE9F940"><enum>(D)</enum><text>through some
combination of the mechanisms identified in subparagraphs (A) through
(C).</text>
</subparagraph></paragraph><paragraph id="H30F7F796542645D88E00A6995200685B"><enum>(2)</enum><header>Distribution
through international institution or fund</header><text>If assistance is
distributed through an international institution or fund, as authorized in
paragraph (1), the Administrator shall ensure the establishment and
implementation of adequate mechanisms to apply and enforce the eligibility
requirements in section 404 and other requirements of this subtitle.</text>
</paragraph></subsection></section><section id="H4B8D691611E24AF3B76CA7F7C8007230"><enum>404.</enum><header>Eligibility
requirements and standards for forest carbon activities</header><text display-inline="no-display-inline">Not later than January 1, 2010, the
Administrator, in consultation with the Secretary of State and the Secretary of
Agriculture, shall promulgate eligibility requirements and accounting,
measurement, monitoring, and verification standards for forest carbon
activities, including requirements—</text>
<paragraph id="HBE3B1643322C41A78BEA0481073487F6"><enum>(1)</enum><text>for the
establishment and periodic updating of national-level greenhouse gas emissions
and biological sequestration reference scenarios for the forest sector;</text>
</paragraph><paragraph id="H7E249A404CFB42F5BB1C3BD7CE42F1BB"><enum>(2)</enum><text>ensuring that
forest carbon activities achieve reductions in greenhouse gas emissions or
increases in sequestration of carbon that are real, permanent, additional,
verifiable, and enforceable;</text>
</paragraph><paragraph id="H0E039E9A6AE84816982006D18B3002E7"><enum>(3)</enum><text>ensuring reliable
measurement, monitoring, and verification of emission reductions or increases
in biological sequestration;</text>
</paragraph><paragraph id="HDC61C46EAF344D64AF817179000040EB"><enum>(4)</enum><text>ensuring
appropriate accounting for any significant increases in greenhouse gas
emissions or decreases in biological sequestration directly or indirectly
caused by forest carbon activities;</text>
</paragraph><paragraph id="HCDC439256A2B494E81F438DAE0C7C9A"><enum>(5)</enum><text>providing for
discounting of emission reductions or increases in biological sequestration
based on uncertainty;</text>
</paragraph><paragraph id="H7803F18C8BFB44638431AF29E91E2DBE"><enum>(6)</enum><text>that forest carbon
activities be carried out and managed—</text>
<subparagraph id="H359D2A3003EF4A1992D1B559704367BD"><enum>(A)</enum><text>in accordance with
widely accepted environmentally sustainable forestry practices; and</text>
</subparagraph><subparagraph id="HFBA819E537DA452CB009F0005EED9642"><enum>(B)</enum><text>with appropriate
regard for the rights and interests of indigenous peoples and communities that
reside in, or depend on, forests; and</text>
</subparagraph></paragraph><paragraph id="H5F41374E31B446E4A4C3F92800007B55"><enum>(7)</enum><text>that forest carbon
activities be designed—</text>
<subparagraph id="H19AFD5CA98744B749900EC20E4C7C177"><enum>(A)</enum><text>to promote native
species and restoration of native forests, where practicable; and</text>
</subparagraph><subparagraph id="H33B43F54635446D6BB0049DA763DC5A2"><enum>(B)</enum><text>to avoid the
introduction of invasive nonnative species.</text>
</subparagraph></paragraph></section><section id="HD1874DFAA0F740DB92F9C54826252CE0"><enum>405.</enum><header>Assistance for
forest carbon activities</header>
<subsection id="H49C8D70D60444D06B18E5EE38DD426E0"><enum>(a)</enum><header>Eligible
countries</header><text>The Administrator, in consultation with the Secretary
of State, shall identify and periodically update a list of developing countries
that have—</text>
<paragraph id="HDE8F15EB0BE44C058578F4D3C0D5F26"><enum>(1)</enum><text>demonstrated
capacity to participate in forest carbon activities, including—</text>
<subparagraph id="HBC9167C5DDA74DFDA42CCEE34B8C3D57"><enum>(A)</enum><text>sufficient
historical data on changes in national forest carbon stocks;</text>
</subparagraph><subparagraph id="H0E275EE289834E34BBF0AFE8105BCE70"><enum>(B)</enum><text>technical capacity
to monitor and measure forest carbon fluxes with an acceptable level of
uncertainty; and</text>
</subparagraph><subparagraph id="H252B09C8285743579F8687AE1EE5D7F4"><enum>(C)</enum><text>institutional
capacity to reduce emissions from deforestation and degradation;</text>
</subparagraph></paragraph><paragraph id="H344B3BEA949F41A28BE8DB4E66722504"><enum>(2)</enum><text>established a
national greenhouse gas emission reference scenario based on historical data;
and</text>
</paragraph><paragraph id="H2BFEA45C7DAC411C86AD70AC7B3CCC04"><enum>(3)</enum><text>commenced a
greenhouse gas emission reduction program for the forest sector.</text>
</paragraph></subsection><subsection id="H3D52B3DA5EC844FC8F0076ACDAB876D2"><enum>(b)</enum><header>Requirements for
assistance</header><text>Countries on the list established under subsection (a)
shall be eligible for assistance under this section for the achievement,
through forest carbon activities implemented in accordance with the
requirements established under section 404, of—</text>
<paragraph id="HACD1A10C75BC4F1600A6FE58E484295D"><enum>(1)</enum><text>national-level net
reductions in greenhouse gas emissions from reduced deforestation and forest
degradation, as demonstrated using remote sensing technology that meets
international standards; and</text>
</paragraph><paragraph id="H5967BA3C16F54B61BEB7918CF37B5F83"><enum>(2)</enum><text>national-level net
increases in sequestration of carbon through afforestation, restoration of
forests and degraded land that had not been forested prior to restoration, and
improved forest management.</text>
</paragraph></subsection><subsection id="H20750D7D4E314150BD78D0548D109438"><enum>(c)</enum><header>Verification of
achievements</header><text>The Administrator, in consultation with the
Secretary of State, shall periodically review relevant data and make
determinations regarding achievements under subsection (b).</text>
</subsection><subsection id="HA9912740067D41128D822985F1C3D1DA"><enum>(d)</enum><header>Level of
assistance</header><text>The Administrator shall establish a formula governing
the distribution of assistance under this section, which shall be designed
to—</text>
<paragraph id="H1546B0977D8147A3AE9D51614DEEFE00"><enum>(1)</enum><text>maximize the
reductions in greenhouse gas emissions or increases in biological sequestration
per dollar of assistance provided; and</text>
</paragraph><paragraph id="H76534E598C2C4BB69E8421698F3500BB"><enum>(2)</enum><text>take into account
past actions in each eligible country to reduce greenhouse gas emissions or
increase biological sequestration, so as not to penalize countries that have
taken early action.</text>
</paragraph></subsection></section><section id="HF1D5F33B9FB64FE1B414AFE800A74481"><enum>406.</enum><header>Capacity-building
grants</header>
<subsection id="HAFAAD56E2D0E4A0B8E89789CC03D1251"><enum>(a)</enum><header>In
general</header><text>For fiscal years 2010 through 2020, the Administrator may
use up to 40 percent of funds deposited in the International Forest Protection
Fund to provide cost-sharing grants to build the capacity of developing
countries not included in the list established under section 405(a) to carry
out forest carbon activities otherwise eligible for assistance under section
405.</text>
</subsection><subsection id="H797E108408F549E5A18EDC3FB89834AA"><enum>(b)</enum><header>Nature of
assistance</header><text>Cost-sharing grants provided under this section may be
used to assist recipient countries to—</text>
<paragraph id="H73E3B352936041CEA12C00D5473568E9"><enum>(1)</enum><text>develop and
demonstrate capacity to carry out eligible forest carbon activities, including
through—</text>
<subparagraph id="HBB2863CB7809441F9924DB34B7BD1A2"><enum>(A)</enum><text>development of
sufficient historical data on changes in national forest carbon stocks;</text>
</subparagraph><subparagraph id="HE10F8CB1F8CF448B8B735994C9C18109"><enum>(B)</enum><text>development of
technical capacity to measure and monitor forest carbon fluxes with an
acceptable level of uncertainty; and</text>
</subparagraph><subparagraph id="HF924695C4CA94BD38D9E24DE7D45BBFE"><enum>(C)</enum><text>development of
institutional capacity to reduce emissions from deforestation and forest
degradation;</text>
</subparagraph></paragraph><paragraph id="H0C3CDF81881E43E58CB05BC385009760"><enum>(2)</enum><text>establish a
national greenhouse gas emission reference scenario based on historical data;
and</text>
</paragraph><paragraph id="H4CB6A063CAE64B01B2001DC25154EEE"><enum>(3)</enum><text>commence an
emission reduction program for the forest sector.</text>
</paragraph></subsection></section><section id="H793997A3FB5247CB9DEAEB9E4CD99CD7"><enum>407.</enum><header>Annual
reports</header><text display-inline="no-display-inline">Not later than March
1, 2012, and annually thereafter, the President shall submit to the appropriate
congressional committees a report on the assistance provided under this
subtitle during the prior fiscal year. The report shall include—</text>
<paragraph id="H17A32E18BA4B40218BEBA867B114C19B"><enum>(1)</enum><text>a
description of the amount of obligations and expenditures for assistance
provided to each eligible country during the prior fiscal year;</text>
</paragraph><paragraph id="HD2315558A3B140BB8F105EF7003C3734"><enum>(2)</enum><text>a
description of the forest carbon activities and capacity-building activities
funded through assistance provided under this subtitle, including the amount of
obligations and expenditures for assistance provided to such activities, during
the prior fiscal year; and</text>
</paragraph><paragraph id="H15F7E43774F14BB0AC38610064A43FC4"><enum>(3)</enum><text>an estimate of the
greenhouse gas emission reductions or biological sequestration achieved by
assistance provided under this subtitle during the prior fiscal year.</text>
</paragraph></section></subtitle><subtitle id="H540E7AE1B63942F4AF62E09665FA4CFE"><enum>B</enum><header>International
Clean Technology Fund</header>
<section id="H6CE72A8B6A404EC3B78D842FB33F6D2D"><enum>411.</enum><header>Purposes</header><text display-inline="no-display-inline">The purposes of this subtitle are—</text>
<paragraph id="H441CB5407F8841989BEAC4838B1BEED0"><enum>(1)</enum><text>to provide United
States assistance to encourage widespread deployment, in developing countries,
of technologies that reduce greenhouse gas emissions; and</text>
</paragraph><paragraph id="H9B87501860524C28B830ED2B00EDD448"><enum>(2)</enum><text>to provide such
assistance in a manner that encourages such countries to adopt policies and
measures that substantially reduce emissions of greenhouse gases.</text>
</paragraph></section><section id="H672B5197A6124D7BA6E80028009813C8"><enum>412.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="HE064C782035740E2B8BEF0985BF70185"><enum>(1)</enum><header>Appropriate
congressional committees</header><text>The term <quote>appropriate
congressional committees</quote> means—</text>
<subparagraph id="HC45194E4149445A9A98E00E930F6005E"><enum>(A)</enum><text>the Committees on
Energy and Commerce and Foreign Affairs of the House of Representatives;
and</text>
</subparagraph><subparagraph id="HDD0DF20C2AF2411A820038067340B416"><enum>(B)</enum><text>the Committees on
Environment and Public Works, Energy and Natural Resources, and Foreign
Relations of the Senate.</text>
</subparagraph></paragraph><paragraph id="H853C1B13CD97451F9773E7E06B1C3DAA"><enum>(2)</enum><header>Comparable
action</header><text>The term <quote>comparable action</quote> has the meaning
given such term in section 761(1) of the Clean Air Act (as added by section 101
of this Act).</text>
</paragraph><paragraph id="H156F4EE80AFE4849AC016B9B4F6BFEC6"><enum>(3)</enum><header>Eligible
country</header><text>The term <quote>eligible country</quote> means a foreign
country that is determined by the President, under section 414, to be eligible
to receive assistance from the International Clean Technology Fund.</text>
</paragraph><paragraph id="H1D57296909D046B9BFDE87A290177F08"><enum>(4)</enum><header>Interagency
group</header><text>The term <quote>interagency group</quote> means the group
established by the President under section 413(a) to administer the
International Clean Technology Fund.</text>
</paragraph><paragraph id="HC22BF49EE3FF4288A23BCEEE44CB9C72"><enum>(5)</enum><header>International
clean technology fund</header><text>The term <quote>International Clean
Technology Fund</quote> means the International Clean Technology Fund
established under section 722 of the Clean Air Act (as added by section 101 of
this Act).</text>
</paragraph></section><section id="H3322F4FA7E0E43B7B061B4DDC133F900"><enum>413.</enum><header>Interagency
group</header>
<subsection id="HA644D0C6897846FBA7E77220C97ED4C4"><enum>(a)</enum><header>Interagency
group</header><text>The President shall establish an interagency group to
administer the International Clean Technology Fund. The interagency group shall
include—</text>
<paragraph id="H06EE369E527F4F9D000086508B66E3AE"><enum>(1)</enum><text>the Secretary of
State;</text>
</paragraph><paragraph id="H39C0A4C2DB114BDFBB485B9DC44DEFE4"><enum>(2)</enum><text>the
Administrator;</text>
</paragraph><paragraph id="H6B816A029C4046CE8EF1194605AB2FC8"><enum>(3)</enum><text>the Secretary of
Energy;</text>
</paragraph><paragraph id="H303294B20DDD45BCBA1337FC7ADDF9"><enum>(4)</enum><text>the
Secretary of the Treasury; and</text>
</paragraph><paragraph id="H8A84E84B8F6148059D17C1F0656108A9"><enum>(5)</enum><text>any other head of
a Federal department or agency the President determines to be
appropriate.</text>
</paragraph></subsection><subsection id="H30F054A1561B49C1879E70E37C10FB45"><enum>(b)</enum><header>Chairperson</header><text>The
Secretary of State shall serve as the chairperson of the interagency
group.</text>
</subsection></section><section id="H8FAB423C6B52453B98A769CCE7AD3C9B"><enum>414.</enum><header>Determination
of eligible countries</header>
<subsection id="H90AC1EF7CA6A448683D2D4F5E3C411A"><enum>(a)</enum><header>Publication and
revision of list</header><text>Not later than January 1, 2011, and annually
thereafter through 2050, the President shall determine and publish in the
Federal Register a list of countries eligible for assistance under this
subtitle.</text>
</subsection><subsection id="HC736AE813362413C92EFF2F630087816"><enum>(b)</enum><header>Criteria for
eligibility</header><text>The criteria for designation as an eligible country
shall include the following:</text>
<paragraph id="H72D0E0B770314A6B9652A34B80673855"><enum>(1)</enum><text>The country is a
developing country.</text>
</paragraph><paragraph id="HB7ADD4111A8F458C80B3A500E2199E5E"><enum>(2)</enum><text>The country is
responsible for at least 1 percent of annual global greenhouse gas emissions,
excluding emissions from land-use, land-use change, and forestry.</text>
</paragraph><paragraph id="H2FE3EDC2C4744F45BB1D2EA2AF5B27F4"><enum>(3)</enum><text>The President has
determined, pursuant to section 764(b) of the Clean Air Act (as added by
section 101 of this Act), that the country has taken comparable action.</text>
</paragraph><paragraph id="HE73CDAAB1D6940F395160004F5AF5C81"><enum>(4)</enum><text>Such other
criteria as the President determines will serve the purposes of this Act or
other United States foreign policy and national security objectives.</text>
</paragraph></subsection></section><section id="H6B18B49C64A446B2B7FC82E6553D4240"><enum>415.</enum><header>Funding</header>
<subsection id="H856E4BE95E0648678F01E76346FB01AD"><enum>(a)</enum><header>In
general</header><text>The Secretary of State is authorized to provide
assistance from the International Clean Technology Fund for projects (which may
include sector-based policies and measures) in eligible countries that are
approved by the interagency group under this section. Amounts in the
International Clean Technology Fund shall be available for expenditure, without
further appropriation or fiscal year limitation to carry out this
subtitle.</text>
</subsection><subsection id="H8ADF07CDD17849EBA14E483EFE61BACC"><enum>(b)</enum><header>Forms of
assistance</header><text>Assistance under this subtitle may be provided in the
form of grants, loans, or a combination thereof.</text>
</subsection><subsection id="H308A5FBAB8C142D3AB5F7E8D831DD551"><enum>(c)</enum><header>Distribution of
assistance</header>
<paragraph id="H74A7C297F5A447678FC4536CBDC2A9D5"><enum>(1)</enum><header>In
general</header><text>The Secretary of State, in coordination with the
interagency group, shall distribute assistance from the International Clean
Technology Fund—</text>
<subparagraph id="H61672CE0BD5D4B17B8CF947D7DBCED94"><enum>(A)</enum><text>directly;</text>
</subparagraph><subparagraph id="HAA602C0D9D204168A27C9784C7E86E39"><enum>(B)</enum><text>through agreements
with the International Bank for Reconstruction and Development (commonly known
as the World Bank) or another international development institution;</text>
</subparagraph><subparagraph id="H720F63CDD4F144F0AECB033C003CFB5F"><enum>(C)</enum><text>through an
international fund created pursuant to the United Nations Framework Convention
on Climate Change, done at New York on May 9, 1992, or an agreement negotiated
under such convention; or</text>
</subparagraph><subparagraph id="HD9D770BD073C40DF97D8AA56E22B1C17"><enum>(D)</enum><text>through some
combination of the mechanisms identified in subparagraphs (A) through
(C).</text>
</subparagraph></paragraph><paragraph id="HE7C05979F1E6475B92ED542CA4AAB653"><enum>(2)</enum><header>Distribution
through international institution or fund</header><text>If assistance is
distributed through an international institution or fund, as authorized in
paragraph (1), the Secretary of State and the interagency group shall ensure
the establishment and implementation of adequate mechanisms to apply and
enforce the project selection criteria and other requirements of this
subtitle.</text>
</paragraph></subsection><subsection id="H961229C24C0F45B9AEC53FC0A071F11"><enum>(d)</enum><header>Procedures for
review of proposals</header><text>The Secretary of State, in conjunction with
the interagency group, shall develop procedures for requesting, reviewing, and
approving project proposals from eligible countries.</text>
</subsection><subsection id="H9A232501A9C14F5A9D15E72486912FE6"><enum>(e)</enum><header>Eligible project
categories</header><text>Assistance under this subtitle shall be limited to
projects in the following categories:</text>
<paragraph id="HC3C03067DA0C4A98BF461CFE81175702"><enum>(1)</enum><text>Capture and
geological sequestration of carbon dioxide emissions from electric generating
units or large industrial sources.</text>
</paragraph><paragraph id="HCF6855DE1B2C433AA7CBE5726FE04122"><enum>(2)</enum><text>Renewable
electricity generation from wind, solar, biomass, geothermal, marine, or
hydrokinetic sources.</text>
</paragraph><paragraph id="H8BCBF05FFFF84B5E92D22E7C40698879"><enum>(3)</enum><text>Production of
renewable fuels that have lifecycle greenhouse gas emissions that are
substantially lower than those attributable to fossil fuel-based
alternatives.</text>
</paragraph><paragraph id="HD8EE4B003C03489BB17BAD6FA0A4BDF0"><enum>(4)</enum><text>Increased
efficiency in transmission, distribution, or consumption of electricity.</text>
</paragraph></subsection><subsection id="H2DF6B142E8B9495B92D0AB6F062BBBAA"><enum>(f)</enum><header>Criteria for
project selection</header><text>Not later than January 1, 2011, the interagency
group shall develop a set of criteria to be used in determining whether to
provide assistance to proposals for projects in eligible countries. These
criteria shall provide that—</text>
<paragraph id="H5CE42333B3D345C181C4D64DED47722"><enum>(1)</enum><text>the project falls
within an eligible project category identified in subsection (e);</text>
</paragraph><paragraph id="H0FC8A6252A7C4C1795885376CA513D85"><enum>(2)</enum><text>the project will
result in measurable and substantial reductions in greenhouse gas emissions
relative to business-as-usual emissions;</text>
</paragraph><paragraph id="H11FA4BB840274E95A64F05E905265EB"><enum>(3)</enum><text>the project will
not result in significant increases in greenhouse gas emissions outside the
boundaries of the project relative to business-as-usual emissions;</text>
</paragraph><paragraph id="HCB2EAF2FA3154E9BB8A6A841DD997904"><enum>(4)</enum><text>the project will
not have significant adverse effects on human health, safety, or welfare, the
environment, or natural resources within or outside the boundaries of the
project;</text>
</paragraph><paragraph id="H6BA691327FFE44019D946C172BE14490"><enum>(5)</enum><text>the project owner
or operator must demonstrate capacity to implement and maintain any
technologies purchased or installed with assistance from the Fund;</text>
</paragraph><paragraph id="HACB827E25EFC4677B6C7E5D7DE7755B8"><enum>(6)</enum><text>the project is not
likely to cause a significant loss of United States jobs or a significant
displacement of United States production; and</text>
</paragraph><paragraph id="H63464D33B3FF49D79600B4D5C7101F14"><enum>(7)</enum><text>the project meets
such other requirements as the interagency group determines appropriate to
further the purposes of this subtitle.</text>
</paragraph></subsection><subsection id="HF71A5452A20F4F28B899D976EB25D5CB"><enum>(g)</enum><header>Selection of
eligible projects</header><text display-inline="yes-display-inline">In
determining which eligible projects will receive assistance under this
subtitle, the interagency group shall apply the criteria established under this
section and shall seek to maximize greenhouse gas emission reductions achieved
per dollar of assistance provided. Preference shall be given to projects that
are co-financed by international development banks, private-sector
institutions, or host-country governments.</text>
</subsection><subsection id="HA11C37EB3FFE452EAA8EC300B5945439"><enum>(h)</enum><header>Monitoring,
evaluation, and enforcement</header><text>The Secretary of State, in
coordination with the interagency group, shall establish and implement a system
to monitor and evaluate the performance of projects receiving assistance under
this subtitle. The Secretary of State shall have the authority to suspend or
terminate assistance in whole or in part for a project if it is determined that
the project is not operating in compliance with the approved proposal.</text>
</subsection></section><section id="H512FA6AC2B504AA8A5FC6653D7B7F252"><enum>416.</enum><header>Annual
reports</header><text display-inline="no-display-inline">Not later than March
1, 2012, and annually thereafter, the President shall submit to the appropriate
congressional committees a report on the assistance provided under this
subtitle during the prior fiscal year. The report shall include—</text>
<paragraph id="HA0CD3BDD66CA401BA8BB7B007409DA98"><enum>(1)</enum><text>a
description of the amount of obligations and expenditures for assistance
provided to each eligible country during the prior fiscal year;</text>
</paragraph><paragraph id="H4FE0A3D96CD04680920078CEA0701EA8"><enum>(2)</enum><text>a
description of each project that received assistance, including the amount of
obligations and expenditures for assistance provided to such project, during
the prior fiscal year; and</text>
</paragraph><paragraph id="H41E402363AF94F6C973E45E1AB16DCAE"><enum>(3)</enum><text>an estimate of the
greenhouse gas emission reductions achieved by assistance provided under this
subtitle during the prior fiscal year.</text>
</paragraph></section></subtitle><subtitle commented="no" id="H50097501603143EC92CF878DA597E5"><enum>C</enum><header>International
Climate Change Adaptation Program </header>
<section commented="no" id="H3AA86E20CC3B4D5793C63816B06E82E3"><enum>421.</enum><header>Findings and
purposes</header>
<subsection id="HB5558C9BA25A472DA1EBF08EEB34B000"><enum>(a)</enum><header>Findings</header><text display-inline="yes-display-inline">Congress finds that—</text>
<paragraph commented="no" id="HA66CABA158F74FEAA5E20A500FDAD8F"><enum>(1)</enum><text>global climate
change is a potentially significant threat multiplier for instability around
the world and is likely to exacerbate competition and conflict over
agricultural, vegetative, marine, and water resources and displace people, thus
increasing hunger and poverty and causing increased pressure on developing
countries;</text>
</paragraph><paragraph commented="no" id="H15BCCD76B2F34332A04F088E3F803920"><enum>(2)</enum><text>the strategic,
social, political, economic, cultural, and environmental consequences of global
climate change are likely to have disproportionate impacts on developing
countries, which have less economic and financial capacity to respond;</text>
</paragraph><paragraph display-inline="no-display-inline" id="H751C3B332C3B4A2FAED86C00F6482E19"><enum>(3)</enum><text>the countries most
vulnerable to climate change, due both to exposure to harmful impacts and to
their lower capacity to adapt, are developing countries with very low
industrial emissions that have contributed less to climate change than more
affluent countries;</text>
</paragraph><paragraph commented="no" id="H73F598966E7846E9AF43B692385CDDF2"><enum>(4)</enum><text>developing
countries rely to a much greater degree on the natural and environmental
systems likely to be affected by climate change for sustenance and livelihoods,
as well as economic growth and stability;</text>
</paragraph><paragraph commented="no" id="HB8EF2F0551FA4276B100957E00FF69E1"><enum>(5)</enum><text>the consequences
of global climate change, including increases in poverty and destabilization of
economies and societies, are likely to pose a long-term threat to the national
security, foreign policy, and economic interests of the United States;
and</text>
</paragraph><paragraph commented="no" id="H90430E3C61A64756B3766109B3EF91DC"><enum>(6)</enum><text>it is in the
national security, foreign policy, and economic interests of the United States
to recognize, plan for, and mitigate the international strategic, social,
political, cultural, environmental and economic effects of a changing climate
and to assist developing countries to increase their resilience to those
effects.</text>
</paragraph></subsection><subsection commented="no" id="H754217E19FDC4AF09CD614F8E3EF1E4"><enum>(b)</enum><header>Purposes</header><text>The
purposes of this subtitle are—</text>
<paragraph commented="no" id="HB79828D9F6AF4C68BDFAA004143A040"><enum>(1)</enum><text>to provide United
States assistance to the most vulnerable developing countries in order to
support the development and implementation of climate change adaptation
programs and projects that reduce the vulnerability and increase the resilience
of communities to climate change impacts; and</text>
</paragraph><paragraph commented="no" id="H4EC3011F335845B19907963B13DAEE1C"><enum>(2)</enum><text>to provide such
assistance in a manner that promotes and protects the national security,
foreign policy, and economic interests of the United States where such
interests can be advanced by minimizing, averting, or increasing resilience to
climate change impacts.</text>
</paragraph></subsection></section><section commented="no" id="HABC7672717D647B5A942694DAA9F27E6"><enum>422.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph commented="no" id="H85E27726279B4796B0D2D1BBBBFE445E"><enum>(1)</enum><header>Appropriate
congressional committees</header><text display-inline="yes-display-inline">The
term <quote>appropriate congressional committees</quote> means—</text>
<subparagraph commented="no" id="H9EEBFA3B2E5A499AB400229D1373245E"><enum>(A)</enum><text>the Committee on
Energy and Commerce, the Committee on Foreign Affairs, and any other relevant
committees on national security, the environment, and foreign policy of the
House of Representatives; and</text>
</subparagraph><subparagraph commented="no" id="HD30F1DB82AE84F96A7075FE32389F1F9"><enum>(B)</enum><text>the Committees on
Environment and Public Works, Foreign Relations, and any other relevant
committees on national security, the environment, and foreign policy of the
Senate.</text>
</subparagraph></paragraph><paragraph commented="no" id="H2B28A2D0999B4A38B2BC1B16C8C2224C"><enum>(2)</enum><header>Most vulnerable
developing countries</header><text>The term <quote>most vulnerable developing
countries</quote> means, as determined by the Administrator of USAID,
developing countries that are most vulnerable to climate change impacts,
including countries identified by the United Nations as least developed
countries and low-lying and other small island developing countries, and other
developing countries that are at risk of substantial adverse impacts of climate
change and have limited capacity to respond to such impacts.</text>
</paragraph><paragraph id="H8EED53342E0A4A988C11B8D04665A5C4"><enum>(3)</enum><header>Program</header><text display-inline="yes-display-inline">The term <quote>Program</quote> means the
International Climate Change Adaptation Program established under section
423.</text>
</paragraph><paragraph id="H11F1A60E76494CE89186B33F59B4F319"><enum>(4)</enum><header>USAID</header><text display-inline="yes-display-inline">The term <quote>USAID</quote> means the
United States Agency for International Development.</text>
</paragraph></section><section commented="no" id="H8B65775F5A3348BA8DD04728C8DD45DE"><enum>423.</enum><header>Establishment</header><text display-inline="no-display-inline">The Secretary of State, working with the
Administrator of USAID and the Administrator, shall establish an International
Climate Change Adaptation Program within USAID.</text>
</section><section commented="no" id="H2FFCD1253E094C63B7141E88EDCDF000"><enum>424.</enum><header>Functions of
program</header>
<subsection commented="no" id="H3F504B24801C4B42BDC056ED6BE43CE"><enum>(a)</enum><header>Activities and
foreign aid</header>
<paragraph commented="no" id="HE17623B2FB7341ED8E64B3E9BF4DC092"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">In order to achieve
the purposes set forth in section 421, the Program may carry out activities and
projects and make grants to any private or public group (including public
international organizations), association, or other entity engaged in peaceful
activities, to—</text>
<subparagraph commented="no" id="HB017CF10A1F54630B2DDAEEF398359BB"><enum>(A)</enum><text>provide assistance
to the most vulnerable developing countries for the development of national or
regional climate change adaptation plans, associated national policies, and in
the planning, financing, and execution of adaptation projects;</text>
</subparagraph><subparagraph commented="no" id="H0A0AE2B58EA8401EA0A36FAFA4A90141"><enum>(B)</enum><text>support
investments, capacity-building activities and other assistance, to reduce
vulnerability and promote community-level resilience related to climate change
and its impacts in the most vulnerable developing countries, including impacts
on water availability, agricultural productivity, flood risk, coastal
resources, timing of seasons, biodiversity, economic livelihoods, human
migration, or other social, economic, political, cultural, or environmental
matters;</text>
</subparagraph><subparagraph commented="no" id="HCF2640F9DD5B48F800E94CB641688EBB"><enum>(C)</enum><text>support climate
change adaptation research in or for the most vulnerable developing
countries;</text>
</subparagraph><subparagraph commented="no" id="HE02778F4D338446183B1003300D909F8"><enum>(D)</enum><text>encourage the
protection and rehabilitation of natural systems, the enhancement and
diversification of agricultural, fishery, and other livelihoods, and the
reduction of disaster risk, in order to reduce vulnerability and provide
increased resilience to climate change for local communities and livelihoods in
the most vulnerable developing countries;</text>
</subparagraph><subparagraph commented="no" id="HA6D363AA8ACF42D8811654D3015FA7A7"><enum>(E)</enum><text>support the
deployment of technologies that would help the most vulnerable developing
countries respond to destabilizing impacts of climate change and encourage the
identification and adoption of appropriate renewable and efficient energy
technologies that are beneficial in increasing community-level resilience to
the impacts of global climate change in those countries; and</text>
</subparagraph><subparagraph commented="no" id="HA1B6FD8BF4D24E30A297678E009757A9"><enum>(F)</enum><text>encourage the
engagement of local communities through full disclosure of information,
consultation, and with communities’ informed participation relating to the
development of plans, programs and projects to increase community-level
resilience to climate change impacts.</text>
</subparagraph></paragraph><paragraph commented="no" id="H38BC8DF803FD439CA60807A488B2D4C1"><enum>(2)</enum><header>Limitation</header><text>Not
more than 10 percent of amounts made available to carry out this subtitle shall
be spent in any single country in any year.</text>
</paragraph><paragraph id="H0A2C7B71AE6D42E2BC363C07B082BEAE"><enum>(3)</enum><header>Prioritizing
assistance</header><text>In providing assistance under this subtitle, the
Administrator of USAID shall give priority to countries that are most
vulnerable to the adverse impacts of climate change, determined as a function
of the likelihood and severity of such impacts and the country’s capacity to
adapt to such impacts.</text>
</paragraph></subsection><subsection commented="no" id="H65A11BC6B9E241C6AF55001877557206"><enum>(b)</enum><header>Community
engagement</header><paragraph commented="no" display-inline="yes-display-inline" id="H09A32D5246624D1400B1ACE1CF45DFE"><enum>(1)</enum><text>The Administrator of
USAID shall ensure that local communities in areas where any projects or
activities are planned under the Program are engaged through full disclosure of
information and public participation, and that any projects or activities are
undertaken with the communities’ informed consent.</text>
</paragraph><paragraph commented="no" id="H5AA77A9241B140D39630B12432F034DC" indent="up1"><enum>(2)</enum><text>For each country receiving assistance
under the Program, the Administrator of USAID shall establish a process for
consultation with and disclosure of information to local, national and
international stakeholders regarding any projects and activities planned under
the Program.</text>
</paragraph><paragraph commented="no" id="HDD7094EC86D344B78BEE959BF7D5E4C2" indent="up1"><enum>(3)</enum><text>The Administrator of USAID shall, to
the extent practicable, ensure that projects or activities under the Program
are aligned with broader development, poverty alleviation, or natural resource
management objectives and initiatives in the recipient country.</text>
</paragraph></subsection><subsection commented="no" id="H3C68C1D1E73B410BB0F0ACECE9CB564B"><enum>(c)</enum><header>Reporting</header>
<paragraph commented="no" id="HF709E4324D4D463B8300E8B8B333AFE9"><enum>(1)</enum><header>Initial
report</header><text>Not later than 180 days after the date of enactment of
this Act, the Program shall submit to the President and appropriate
congressional committees an initial report that—</text>
<subparagraph commented="no" id="HC2C442F688ED485C8DE69CEE02A8C1D"><enum>(A)</enum><text>based on the most
recent information available from reliable public sources, identifies the
developing countries that are most vulnerable to climate change impacts and in
which assistance can have the greatest and most sustainable benefit to reducing
vulnerability to climate change; and</text>
</subparagraph><subparagraph commented="no" id="H53A3881C36684E889308183B3DE6B397"><enum>(B)</enum><text>describes the
process and methodology for selecting the recipients of assistance or grants
under subsection (a)(1).</text>
</subparagraph></paragraph><paragraph commented="no" id="HDEC4FF9EF023407F9E1858E0B2643808"><enum>(2)</enum><header>Annual
reports</header><text>Not later than 12 months after the date on which the
initial report is submitted, and annually thereafter, the Program shall submit
reports to the President and appropriate congressional committees that—</text>
<subparagraph commented="no" id="H838D9343834A4C43A3904834A961A46F"><enum>(A)</enum><text>describe the
extent to which global climate change, through its potential negative impacts
on sensitive populations and natural resources in the most vulnerable developed
countries, may threaten, cause, or exacerbate political, economic,
environmental, cultural or social instability or international conflict in
those regions;</text>
</subparagraph><subparagraph commented="no" id="HBF572FA31918410E88E5002151E9A6A0"><enum>(B)</enum><text display-inline="yes-display-inline">describe the ramifications of any
potentially destabilizing impacts climate change may have on the national
security, foreign policy, and economic interests of the United States,
including—</text>
<clause commented="no" id="H95BBAC65B47E4574848293F5E3918767"><enum>(i)</enum><text>the creation of
refugees and internally displaced peoples;</text>
</clause><clause commented="no" id="H7F0E06F1C6914D1298F23FCA505C4027"><enum>(ii)</enum><text>international or
internal armed conflicts over water, food, land, or other resources;</text>
</clause><clause commented="no" id="HB10D5B2C3543456C83F7FAEE139469F2"><enum>(iii)</enum><text>loss of
agricultural and other livelihoods, cultural stability, and other causes of
increased poverty and economic destabilization;</text>
</clause><clause commented="no" id="HC3EA98D1552E4CA0AF6900E9589427E9"><enum>(iv)</enum><text>decline in
availability of resources needed for survival, including water;</text>
</clause><clause commented="no" id="HF7978FB36B854B8AA593424CDFA38811"><enum>(v)</enum><text>increased impact
of natural disasters, including severe weather events, droughts and
flooding;</text>
</clause><clause commented="no" id="H893ABF9AB1A34B8199625B31331E60D9"><enum>(vi)</enum><text>increased
prevalence or virulence of climate-related diseases; and</text>
</clause><clause commented="no" id="H68F0263CF5CF42969B5E91D49BB4B48E"><enum>(vii)</enum><text>intensified
urban migration;</text>
</clause></subparagraph><subparagraph commented="no" id="H130B144C6B30453BA02CF8F042221C87"><enum>(C)</enum><text>describe how funds
made available under section 425 were spent to enhance the national security,
foreign policy, and economic interests of the United States and assist in
avoiding the economically, politically, environmentally, culturally, and
socially destabilizing impacts of climate change in most vulnerable developing
countries;</text>
</subparagraph><subparagraph commented="no" id="H958C337010C140FF86DBF01921B81287"><enum>(D)</enum><text>identify and
recommend the developing countries that are most vulnerable to climate change
impacts and in which assistance can have the greatest and most sustainable
benefit to reducing vulnerability to climate change, including in the form of
deploying technologies, investments, capacity-building activities, and other
types of assistance for adaptation to climate change impacts and approaches to
reduce greenhouse gases in ways that can also provide community-level
resilience to climate change impacts; and</text>
</subparagraph><subparagraph commented="no" id="H9768BBD52B214F7A8E68AA7B888CF25"><enum>(E)</enum><text>describe
cooperation undertaken with other nations and international organizations to
carry out this subtitle.</text>
</subparagraph></paragraph></subsection></section><section commented="no" id="H8F412D122FEE48C6BACE86EED089E3B"><enum>425.</enum><header>Funding</header>
<subsection commented="no" id="H43E25243BEF549F8B7B0D8362C95A171"><enum>(a)</enum><header>Carrying out
recommendations</header><text>All funds deposited into the International
Climate Change Adaptation Fund established under section 722 of the Clean Air
Act (as added by section 101 of this Act) shall be made available, without
further appropriation or fiscal year limitation, to carry out the Program
established under this subtitle.</text>
</subsection><subsection commented="no" id="H37D0D8D99746410DA7008E7B4998B16C"><enum>(b)</enum><header>Distribution of
funds</header><text>The Administrator of USAID shall distribute to the Program
the funds for the purposes of this subtitle.</text>
</subsection><subsection commented="no" id="HD0921B2AE99A476EB896E66237EDDAF2"><enum>(c)</enum><header>Oversight</header><text>The
Administrator of USAID shall oversee the expenditures by the Program.</text>
</subsection><subsection id="H7180DD50E8C14AE1AC49453172EB5586"><enum>(d)</enum><header>Conditional
distribution to international adaptation funds</header><text>The Administrator
of USAID is authorized to distribute up to 50 percent of the funds available to
the Program to an international fund that meets the requirements of subsection
(e), and shall annually certify in a report to Congress that any such
international fund meets the requirements of subsection (e). The Administrator
of USAID shall notify the appropriate congressional committees not less than 15
days prior to an allocation or transfer of funds pursuant to this
subsection.</text>
</subsection><subsection id="H08508EA446AE4CFDAA1F4CFE26A7CA32"><enum>(e)</enum><header>International
fund eligibility</header><text>An international fund is eligible for funding
under the Program provided that it is created pursuant to the United Nations
Framework Convention on Climate Change, done at New York on May 9, 1992, or an
agreement negotiated under the Convention and that the agreement—</text>
<paragraph id="H912C255298A24F0B8EABF112B818609C"><enum>(1)</enum><text>specifies the
terms and conditions under which the United States is to provide monies to the
fund, and under which the international fund is to disburse monies to recipient
countries;</text>
</paragraph><paragraph id="HB6E36389E5B4404F967604FA99E6BDB"><enum>(2)</enum><text>ensures that United
States assistance to the fund and the principal and income of the fund are
disbursed only for purposes that are consistent with those described in section
421;</text>
</paragraph><paragraph id="H145809F911884CBDAFB3A55700AF00C7"><enum>(3)</enum><text>requires a regular
meeting of a governing body of the international fund that includes
representation from most vulnerable developing countries and provides full
public access;</text>
</paragraph><paragraph id="H9882A23C4A324FC3ACAB35DF8B515FE2"><enum>(4)</enum><text>requires that not
more than 10 percent of the amounts available to the fund be spent in any
single country in any year; and</text>
</paragraph><paragraph id="HADF4DC427E7F400FB000715372C737D8"><enum>(5)</enum><text>requires the
international fund to prepare and make public an annual report that—</text>
<subparagraph id="H6C6E0E5774004ABFAC8637D622A8F5F8"><enum>(A)</enum><text>identifies and
recommends the developing countries that are most vulnerable to climate change
impacts and in which assistance can have the greatest and most sustainable
benefit to reducing vulnerability to climate change;</text>
</subparagraph><subparagraph id="HE878DB9A208C4D6B9157E1D2AF918EC7"><enum>(B)</enum><text>describes the
process and methodology for selecting the recipients of assistance or grants
from the fund;</text>
</subparagraph><subparagraph id="HC66E17F9B45B4225A5C2A1563998D5EB"><enum>(C)</enum><text>describes specific
programs and projects funded by the international fund and the extent to which
the assistance is addressing the adaptation needs of the most vulnerable
developing countries;</text>
</subparagraph><subparagraph id="HAA2A5FFF6C774A189F230000DAE4100"><enum>(D)</enum><text>describes the
performance goals for assistance authorized under the fund and expresses such
goals in an objective and quantifiable form, to the extent practicable;</text>
</subparagraph><subparagraph id="H90771B193854459FA2352302CB6FF0CD"><enum>(E)</enum><text>describes the
performance indicators to be used in measuring or assessing the achievement of
the performance goals described in subparagraph (D);</text>
</subparagraph><subparagraph id="H08F4C77D708B40708F7E619059CA7BE1"><enum>(F)</enum><text>provides a basis
for recommendations for adjustments to assistance authorized under this
subtitle to enhance the impact of such assistance; and</text>
</subparagraph><subparagraph id="H9759DC5642684B9085DD143E71DA663B"><enum>(G)</enum><text>describes the
participation of other nations and international organizations in funding and
governing the international fund.</text>
</subparagraph></paragraph></subsection></section><section commented="no" id="HEA71384478A74D9EAE63B170BB527FF2"><enum>426.</enum><header>Monitoring and
evaluation of program</header>
<subsection commented="no" id="H6C98433B5D394D63A6E9DBBD75958755"><enum>(a)</enum><header>In
general</header><text>The Administrator of USAID shall establish and implement
a system to monitor and evaluate the effectiveness and efficiency of assistance
provided under this subtitle in order to maximize the long-term sustainable
development impact of such assistance, including the extent to which the
assistance is meeting the purposes of this subtitle and addressing the
adaptation needs of developing countries.</text>
</subsection><subsection commented="no" id="H5CAB054981FA46BB987CFE7131DC3B8E"><enum>(b)</enum><header>Goals</header><text display-inline="yes-display-inline">In carrying out subsection (a), the
Administrator of USAID shall—</text>
<paragraph commented="no" id="HD3202B4C69B5430CB3C9FAE52FB0E844"><enum>(1)</enum><text>in consultation
with national governments in recipient countries, establish performance goals
for assistance authorized under this subtitle and expresses such goals in an
objective and quantifiable form, to the extent practicable;</text>
</paragraph><paragraph commented="no" id="HA2E88836539745288CE1786D7D8917B8"><enum>(2)</enum><text>establish
performance indicators to be used in measuring or assessing the achievement of
the performance goals described in paragraph (1), including an evaluation of
the extent to which the Program provides for full disclosure of information and
consultation and informed participation by local communities and an evaluation
of the extent to which local communities participated in the projects and
programs implemented under this subtitle and the impacts of local community
participation on the goals and objectives of the projects and programs;</text>
</paragraph><paragraph commented="no" id="H8944C6D51F9E4F7CAD011C136F728255"><enum>(3)</enum><text>provide a basis
for recommendations for adjustments to assistance authorized under this
subtitle to enhance the impact of such assistance; and</text>
</paragraph><paragraph commented="no" id="H904FE205E61C4D6B8CFE0090D0287F25"><enum>(4)</enum><text>include in the
report to Congress and other relevant agencies required under section 424(c),
the monitoring and evaluation of programs subject to this section in its
findings.</text>
</paragraph></subsection></section></subtitle><enum>V</enum><header>LEGAL
FRAMEWORK FOR GEOLOGICAL SEQUESTRATION OF CARBON DIOXIDE</header>
<section id="H6F15071B064845338171D37573C16711"><enum>501.</enum><header>National
regulations</header>
<subsection id="HED967FE0D50744B1B5CE9BCE750028C4"><enum>(a)</enum><header>In
general</header><text>Section 1421 of the Safe Drinking Water Act (42 U.S.C.
300h) is amended—</text>
<paragraph id="HDCFCF504F45A43088B7D8D9E1E771CAB"><enum>(1)</enum><text>in subsection
(b)(1), by striking <quote>subsection (d)(2)</quote> and inserting
<quote>subsection (e)(2)</quote>;</text>
</paragraph><paragraph id="H524DB12E3A4B4555B8F6E38E24C5EEE5"><enum>(2)</enum><text>by redesignating
subsection (d) as subsection (e); and</text>
</paragraph><paragraph id="HF7EA4123B0724ACD89B08755733F64DE"><enum>(3)</enum><text>by inserting after
subsection (c) the following:</text>
<quoted-block id="H66FC8E9AC0EC4B1FB8CF6B51AFB5FA00" style="OLC">
<subsection id="H060A465B21714554B325BB94783F2550"><enum>(d)</enum><header>Geological
sequestration of carbon dioxide</header>
<paragraph id="H283A0574F0964D27A9E598E2D2482405"><enum>(1)</enum><header>Regulations</header><text>Not
later than 1 year after the date of enactment of the
<short-title>Investing in Climate Action and Protection
Act</short-title>, the Administrator shall promulgate regulations for State
underground injection control programs establishing standards for permitting
commercial-scale underground injection of carbon dioxide for purposes of
geological sequestration to address climate change.</text>
</paragraph><paragraph id="H7F2D4B9ABB1B4C25BA61E55F8D55FAFC"><enum>(2)</enum><header>Environmental
requirements</header><text>Standards established under paragraph (1)
shall—</text>
<subparagraph id="HE864E010DE0E480E8EDCDFA0C9C52D36"><enum>(A)</enum><text>satisfy the
requirements set forth in subsection (b); and</text>
</subparagraph><subparagraph id="H50325005A45948EA94D7A2B6F253EDD3"><enum>(B)</enum><text>include
requirements for monitoring and controlling the long-term storage of carbon
dioxide and avoiding, to the maximum extent that is technically feasible, any
release of carbon dioxide into the atmosphere, and for ensuring protection of
underground sources of drinking water, human health, and the
environment.</text>
</subparagraph></paragraph><paragraph id="HEF4ECF7CDBD349238EE780C3159CDC30"><enum>(3)</enum><header>Financial
responsibility</header>
<subparagraph id="HC6A9EA87DB924451B2591E5976DA03AF"><enum>(A)</enum><header>In
general</header><text>Standards established under paragraph (1) shall also
include requirements for maintaining evidence of pre-closure financial
responsibility for—</text>
<clause id="H4F97E7C41A1C4C899898EFB5C5B5CB66"><enum>(i)</enum><text>taking corrective
action;</text>
</clause><clause id="H2F710A6440DC4F9AB74C5F24C463D9CA"><enum>(ii)</enum><text>acquiring and
submitting to the Administrator for retirement emission allowances established
under section 711 of the Clean Air Act equal to any release of carbon dioxide
into the atmosphere from a geological sequestration site; and</text>
</clause><clause id="HC09706C79CAD44D8A694B5DE17CA241"><enum>(iii)</enum><text>compensating
third parties for bodily injury, property damage, or environmental
damages.</text>
</clause></subparagraph><subparagraph id="H9E28BA0429C249E6A9F7CEE9346BD0C0"><enum>(B)</enum><header>Requirements</header><text>The
requirements referenced in subparagraph (A) shall include the following:</text>
<clause id="H37FEE63E9C654AC4BBF9F200375827A8"><enum>(i)</enum><text>Financial
responsibility may be established in accordance with regulations promulgated by
the Administrator by any one, or any combination, of the following: insurance,
guarantee, surety bond, letter of credit, qualification as a self-insurer or
any other method satisfactory to the Administrator. The Administrator is
authorized to specify policy or other contractual terms, conditions, or
defenses which are necessary or are unacceptable in establishing such evidence
of financial responsibility in order to effectuate the purposes of this
subsection.</text>
</clause><clause id="H252D314339644E7EB0002396EFFF2BF1"><enum>(ii)</enum><text>In any case where
the owner or operator of the geological sequestration site is in bankruptcy,
reorganization, or arrangement pursuant to the Federal Bankruptcy Code or where
with reasonable diligence jurisdiction in any State court of the Federal Courts
cannot be obtained over an owner or operator likely to be solvent at the time
of judgment, any claim arising from conduct for which evidence of financial
responsibility must be provided under this subsection may be asserted directly
against the guarantor providing such evidence of financial responsibility. In
the case of any action pursuant to this paragraph such guarantor shall be
entitled to invoke all rights and defenses which would have been available to
the owner or operator if any action had been brought against the owner or
operator by the claimant and which would have been available to the guarantor
if an action had been brought against the guarantor by the owner or
operator.</text>
</clause><clause id="H61DA5E4E6FB4474797C0640A35203D6"><enum>(iii)</enum><text>The total
liability of any guarantor shall be limited to the aggregate amount which the
guarantor has provided as evidence of financial responsibility to the owner or
operator under this section. Nothing in this subsection shall be construed to
limit any other State or Federal statutory, contractual, or common law
liability of a guarantor to its owner or operator including the liability of
such guarantor for bad faith either in negotiating or in failing to negotiate
the settlement of any claim. Nothing in this subsection shall be construed to
diminish the liability of any person under any other applicable law.</text>
</clause><clause id="H5C9E8E03328E44D28076FD1FC86BAACC"><enum>(iv)</enum><text>The requirements
shall ensure that adequate resources are available to close the geological
sequestration site in the event the owner or operator files for bankruptcy or
ceases operations.</text>
</clause></subparagraph></paragraph><paragraph display-inline="no-display-inline" id="H0D643ECEBCC4456CB4315FD93C0004EA"><enum>(4)</enum><header>Subsequent
reports</header><text>Not later than 5 years after the date on which
regulations are promulgated pursuant to paragraph (1), and not less frequently
than once every 5 years thereafter, the Administrator shall submit to Congress
a report that contains an evaluation of the effectiveness of the regulations,
based on current knowledge and experience, with particular emphasis on any new
information on potential impacts of commercial-scale geological sequestration
on drinking water, human health, and the environment.</text>
</paragraph><paragraph id="H9AF8C42894EF400ABD9FF4FF7E3D309D"><enum>(5)</enum><header>Revision</header><text>If
the Administrator determines, based on a report under paragraph (4), that
regulations promulgated pursuant to paragraph (1) require revision, the
Administrator shall promulgate revised regulations not later than 1 year after
the date on which the applicable report is submitted to Congress under
paragraph
(4).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HFF5F1CE4E81F47790043BB7519B83F73"><enum>(b)</enum><header>Conforming
amendment</header><text>Section 1447(a)(4) of the Safe Drinking Water Act (42
U.S.C. 300j–6(a)(4)) is amended by striking <quote>section 1421(d)(2)</quote>
and inserting <quote>section 1421(e)(2)</quote>.</text>
</subsection></section><section id="H94F2C564FA0A42CDAD99E6EF4ED0DBF7"><enum>502.</enum><header>Liabilities for
closed geological sequestration sites</header>
<subsection id="HF008268BE7E94B2792C1BC74E1B03C5"><enum>(a)</enum><header>Establishment of
task force</header><text>As soon as practicable, but not later than 6 months
after the date of enactment of this Act, the Administrator shall establish a
task force, to be composed of an equal number of subject matter experts,
nongovernmental organizations with expertise in environmental policy, and
members of the private sector, to conduct a study of the statutory framework,
environmental and safety considerations, and financial implications of
potential models for Federal, State, or private sector assumption of
liabilities and financial responsibilities with respect to closed geological
sequestration sites.</text>
</subsection><subsection id="HDF412391308C4F65AEFC95E0178490E5"><enum>(b)</enum><header>Considerations</header><text>The
task force shall consider financial responsibility for any environmental
damages, including the submission of emission allowances to account for any
releases of carbon dioxide into the atmosphere from closed geological
sequestration sites.</text>
</subsection><subsection id="H851E77F3CF3A4DB69928CC4F956DEE2E"><enum>(c)</enum><header>Report</header><text>Not
later than 18 months after the date of enactment of this Act, the task force
established under subsection (a) shall submit to Congress a report describing
the results of the study conducted under subsection (a), including
recommendations of the task force with respect to the framework described in
that subsection.</text>
</subsection></section><enum>VI</enum><header>BUILDING
EFFICIENCY STANDARDS</header>
<section id="HD9E9AC63C15D4B17B8976E7D4969546B"><enum>601.</enum><header>Updating State
building energy efficiency codes</header><text display-inline="no-display-inline">Section 304 of the Energy Conservation and
Production Act (<external-xref legal-doc="usc" parsable-cite="usc/42/6833">42 U.S.C. 6833</external-xref>) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H5EF5B40916A6449291174395F398BA33" style="OLC">
<section id="H577606FC968C4780AA61F8A68F11B14F"><enum>304.</enum><header>Updating State
building energy efficiency codes</header>
<subsection id="HEBBFFBBCC9BA409790BA1DBD8C91F7"><enum>(a)</enum><header>Updates</header>
<paragraph id="H6B2E8BB96935438C925049ED00337BE7"><enum>(1)</enum><header>In
general</header><text>The Secretary shall support updating the national model
building energy codes and standards not later than 3 years after the date of
enactment of the <short-title>Investing in Climate Action
and Protection Act</short-title>, and not less frequently than every 3 years
thereafter, to achieve overall energy savings, as compared to the IECC (2006)
for residential buildings and ASHRAE Standard 90.1 (2004) for commercial
buildings, of at least—</text>
<subparagraph id="HA91D567DEA8D482D83995C87C7352792"><enum>(A)</enum><text>30 percent, with
respect to each edition of a model code or standard published during the period
beginning on January 1, 2010, and ending on December 31, 2019;</text>
</subparagraph><subparagraph id="HD7D0309FD8E74F1F83A78F2151E8EA7F"><enum>(B)</enum><text>50 percent, with
respect to each edition of a model code or standard published on or after
January 1, 2020; and</text>
</subparagraph><subparagraph id="H147B9300D47D407BAF91D315961B0038"><enum>(C)</enum><text>targets for
intermediate and subsequent years, to be established by the Secretary not less
than 3 years before the beginning on each target year, in coordination with
IECC and ASHRAE Standard 90.1 cycles, at the maximum level of energy efficiency
that is technologically feasible and lifecycle cost-effective.</text>
</subparagraph></paragraph><paragraph id="H33FEAE565D7044D2BF5C4F04DC377C2F"><enum>(2)</enum><header>Revisions to
IECC and ASHRAE</header>
<subparagraph id="H3F0EFA33915D454E9C137757348B13E9"><enum>(A)</enum><header>In
general</header><text>If the IECC or ASHRAE Standard 90.1 regarding building
energy use is revised, not later than 1 year after the date of the revision,
the Secretary shall determine whether the revision will—</text>
<clause id="HC87A70D9F9054ADEB940FCA6FA36E9E1"><enum>(i)</enum><text>improve energy
efficiency in buildings; and</text>
</clause><clause id="H6063050971DD4D299355EFA141DE4200"><enum>(ii)</enum><text>meet the energy
savings goals described in paragraph (1).</text>
</clause></subparagraph><subparagraph id="H7EF994F707E14143896111E669D4D879"><enum>(B)</enum><header>Modifications</header>
<clause id="H25CA1E250315428F8F04B269FF975E55"><enum>(i)</enum><header>In
general</header><text>If the Secretary makes a determination under subparagraph
(A)(ii) that a code or standard does not meet the energy savings goals
established under paragraph (1) or if a national model code or standard is not
updated for more than 3 years, not later than 1 year after the determination or
the expiration of the 3-year period, the Secretary shall establish a modified
code or standard that meets the energy savings goals.</text>
</clause><clause id="H143EE4241F234714B02BE9844867D56F"><enum>(ii)</enum><header>Requirements</header>
<subclause id="HB63D492C04CA4EC88844CF812946F3AE"><enum>(I)</enum><header>Energy
savings</header><text>A modification to a code or standard under clause (i)
shall—</text>
<item id="H72A5E41A41A04157858064DCCBA32767"><enum>(aa)</enum><text>achieve the
maximum level of energy savings that is technically feasible and lifecycle
cost-effective;</text>
</item><item id="H0C615C39AA754DF8AD7507D62426D635"><enum>(bb)</enum><text>be
achieved through an amendment or supplement to the most recent revision of the
IECC or ASHRAE Standard 90.1 and taking into consideration other appropriate
model codes and standards; and</text>
</item><item id="H5AD1F8EBBA9C472088B6C425499B276B"><enum>(cc)</enum><text>incorporate
available appliances, technologies, and construction practices.</text>
</item></subclause><subclause id="H2DF114808C0F48C0AA80D67555C43728"><enum>(II)</enum><header>Treatment as
baseline</header><text>A modification to a code or standard under clause (i)
shall serve as the baseline for the next applicable determination of the
Secretary under subparagraph (A)(i).</text>
</subclause></clause></subparagraph><subparagraph id="HE64163B6EBA24B10A85B445D9CFE256F"><enum>(C)</enum><header>Public
participation</header><text>The Secretary shall—</text>
<clause id="HE8564161D1F644DFBDEED27F5B90455D"><enum>(i)</enum><text>publish in the
Federal Register a notice relating to each goal, determination, and
modification under this paragraph; and</text>
</clause><clause id="H48BC9C5BA57A4514BB59562BC17EB23B"><enum>(ii)</enum><text>provide an
opportunity for public comment regarding the goals, determinations, and
modifications.</text>
</clause></subparagraph></paragraph></subsection><subsection id="H0287003531C3454898C5A4F5D751FEED"><enum>(b)</enum><header>State
certification of building energy code updates</header>
<paragraph id="HF89168A02B6644DE914EB5053E5EE98E"><enum>(1)</enum><header>General
certification</header>
<subparagraph id="HECE1CB7C2D1C45859BB4EE2CA2F572F4"><enum>(A)</enum><header>In
general</header><text>Not later than 2 years after the date of enactment of the
<short-title>Investing in Climate Action and Protection
Act</short-title>, each State shall certify to the Secretary that the State has
reviewed and updated the provisions of the residential and commercial building
codes of the State regarding energy efficiency.</text>
</subparagraph><subparagraph id="HED77267AFD9845F8A2C2120042B61799"><enum>(B)</enum><header>Energy
savings</header><text>A certification under subparagraph (A) shall include a
demonstration that the applicable provisions of the State code meet or exceed,
as applicable—</text>
<clause id="HF5333D7E496145EE8120D349BFD16978"><enum>(i)</enum><subclause commented="no" display-inline="yes-display-inline" id="H934203B3C75440A0BCA000CC306CEBEA"><enum>(I)</enum><text>the IECC (2006) for
residential buildings; or</text>
</subclause><subclause id="H0EBB3CF310C1405DAA513C6DB6CB11BD" indent="up1"><enum>(II)</enum><text>the ASHRAE Standard 90.1 (2004) for
commercial buildings; or</text>
</subclause></clause><clause id="HF1909C583F0D4EFF93D06E02657E2EE6"><enum>(ii)</enum><text>the quantity of
energy savings represented by the provisions referred to in clause (i).</text>
</clause></subparagraph></paragraph><paragraph id="HEA5DBFF965E842F0BE2CC0094D229E1"><enum>(2)</enum><header>Revision of codes
and standards</header>
<subparagraph id="HB9B4697E401243B48D735DC300532F99"><enum>(A)</enum><header>In
general</header><text>If the Secretary makes an affirmative determination under
subsection (a)(2)(A)(i) or establishes a modified code or standard under
subsection (a)(2)(B), not later than 2 years after the determination or
proposal, each State shall certify that the State has reviewed and updated the
provisions of the residential and commercial building codes of the State
regarding energy efficiency.</text>
</subparagraph><subparagraph id="HC36D3EACDBA44FB6A3406CA994BA0733"><enum>(B)</enum><header>Energy
savings</header><text>A certification under subparagraph (A) shall include a
demonstration that the applicable provisions of the State code meet or
exceed—</text>
<clause id="H87F7EAE6BFE4499400ABDA599E8C00DC"><enum>(i)</enum><text>the modified code
or standard; or</text>
</clause><clause id="H3C4F9F86C03C4E548E64B30068184C30"><enum>(ii)</enum><text>the quantity of
energy savings represented by the modified code or standard.</text>
</clause></subparagraph><subparagraph id="H66C9DACEC5094AAC8F5DE8C935F7CA46"><enum>(C)</enum><header>Failure to
determine</header><text>If the Secretary fails to make a determination under
subsection (a)(2)(A)(i) by the date specified in subsection (a)(2), or if the
Secretary makes a negative determination, not later than 2 years after the
specified date or the date of the determination, each State shall certify that
the State has—</text>
<clause id="HABC1467D7F514936B13D532F4B996E00"><enum>(i)</enum><text>reviewed the
revised code or standard; and</text>
</clause><clause id="H36F276F7CB3F42E3AC819C4DA586EA1F"><enum>(ii)</enum><text>updated the
provisions of the residential and commercial building codes of the State as
necessary to meet or exceed, as applicable—</text>
<subclause id="HD9372E27E800438DB488D5754D713B9F"><enum>(I)</enum><text>any provisions of
a national code or standard determined to improve energy efficiency in
buildings; or</text>
</subclause><subclause id="H9D98E9E18D36455BA5003524AB1C2369"><enum>(II)</enum><text>energy savings
achieved by those provisions through other means.</text>
</subclause></clause></subparagraph></paragraph></subsection><subsection id="H94DDB40AD94E4E84B94733303B6D71B8"><enum>(c)</enum><header>Achievement of
compliance by States</header>
<paragraph id="H5F1E17F54F704F9199674797D51EB9B3"><enum>(1)</enum><header>In
general</header><text>Not later than 3 years after the date on which a State
makes a certification under subsection (b), the State shall certify to the
Secretary that the State has achieved compliance with the building energy code
that is the subject of the certification.</text>
</paragraph><paragraph id="HEDCB0B4EE1C84B3198AE2829275E1800"><enum>(2)</enum><header>Rate of
compliance</header><text>The certification shall include documentation of the
rate of compliance based on independent inspections of a random sample of the
new and renovated buildings covered by the State code during the preceding
calendar year.</text>
</paragraph><paragraph id="H0BC05D1936EB452C872FD0268F96BFA"><enum>(3)</enum><header>Compliance</header><text>A
State shall be considered to achieve compliance for purposes of paragraph (1)
if—</text>
<subparagraph id="HE52758966CBF4F16A5038BE3B0AA97CE"><enum>(A)</enum><text>at least 90
percent of new and renovated buildings covered by the State code during the
preceding calendar year substantially meet all the requirements of the code;
or</text>
</subparagraph><subparagraph id="H6FF6251D2B27422093D5996EA868C0CA"><enum>(B)</enum><text>the estimated
excess energy use of new and renovated buildings that did not meet the
requirements of the State code during the preceding calendar year, as compared
to a baseline of comparable buildings that meet the requirements of the code,
is not more than 10 percent of the estimated energy use of all new and
renovated buildings covered by the State code during the preceding calendar
year.</text>
</subparagraph></paragraph></subsection><subsection id="HB04E2B7C8FD9434787F5A1F533E54244"><enum>(d)</enum><header>Failure To
certify</header>
<paragraph id="H30FA7749941C4AA18F6EFCCE2DBA066"><enum>(1)</enum><header>Extension of
deadlines</header><text>The Secretary shall extend a deadline for certification
by a State under subsection (b) or (c) for not more than 1 additional year, if
the State demonstrates to the satisfaction of the Secretary that the State has
made—</text>
<subparagraph id="H24A4466423234F868D11FD00ABABFB"><enum>(A)</enum><text>a good faith effort
to comply with the certification requirement; and</text>
</subparagraph><subparagraph id="HE3D27B054B8D4C1EA3F38E00A66CD98"><enum>(B)</enum><text>significant
progress with respect to the compliance.</text>
</subparagraph></paragraph><paragraph id="H7701C2188B3E4756A9C5726B7E8C4247"><enum>(2)</enum><header>Noncompliance by
state</header>
<subparagraph id="H90892B89DB1246AB8CC0C278B1A792E"><enum>(A)</enum><header>In
general</header><text>A State that fails to submit a certification required
under subsection (b) or (c), and to which an extension is not provided under
paragraph (1), shall be considered to be out of compliance with this
section.</text>
</subparagraph><subparagraph id="H285E31352EB944B7946F6B9B1957DAB6"><enum>(B)</enum><header>Effect on local
governments</header><text>A local government of a State that is out of
compliance with this section may be considered to be in compliance with this
section if the local government meets each applicable certification requirement
of this section.</text>
</subparagraph></paragraph></subsection><subsection id="H1639F347A25F41B4A0C7016333D985BB"><enum>(e)</enum><header>Technical
assistance</header>
<paragraph id="HF910380EFCEE4DE998BD0519C99D332D"><enum>(1)</enum><header>In
general</header><text>The Secretary shall provide technical assistance
(including building energy analysis and design tools, building demonstrations,
and design assistance and training) to ensure that national model building
energy codes and standards meet the goals described in subsection
(a)(1).</text>
</paragraph><paragraph id="H6B966A571E764E5782EF33CE4CB12679"><enum>(2)</enum><header>Assistance to
States</header><text>The Secretary shall provide technical assistance to
States—</text>
<subparagraph id="H0F6CC8CE96BE47D2B0F0E65BFD91CCD7"><enum>(A)</enum><text>to implement this
section, including procedures for States to demonstrate that the codes of the
States achieve equivalent or greater energy savings than the national model
codes and standards;</text>
</subparagraph><subparagraph id="HBBEE85EA49D04A02B1A043168BD3C24"><enum>(B)</enum><text>to improve and
implement State residential and commercial building energy efficiency codes;
and</text>
</subparagraph><subparagraph id="H6C2AA10F09F74E5697BBAFA98564E3BF"><enum>(C)</enum><text>to otherwise
promote the design and construction of energy-efficient buildings.</text>
</subparagraph></paragraph></subsection><subsection id="H4CE1DA574CD2470B83B54B98B6C5DD18"><enum>(f)</enum><header>Incentive
funding</header>
<paragraph id="H5FA08643394144F5ACB5C7A222FC592F"><enum>(1)</enum><header>In
general</header><text>The Secretary shall provide incentive funding to
States—</text>
<subparagraph id="H43B6CD3A52B1450CA7E2004D33965DE"><enum>(A)</enum><text>to implement this
section; and</text>
</subparagraph><subparagraph id="H9E28A63C11944447BCD8905CDED3D74"><enum>(B)</enum><text>to improve and
implement State residential and commercial building energy efficiency codes,
including increasing and verifying compliance with the codes.</text>
</subparagraph></paragraph><paragraph id="H17F40976C0E44F8EBE4E77D74F418F00"><enum>(2)</enum><header>Amount</header><text>In
determining whether, and in what amount, to provide incentive funding under
this subsection, the Secretary shall take into consideration actions proposed
by the State—</text>
<subparagraph id="H0D8B4A5D90474419B87EDC110DF7006"><enum>(A)</enum><text>to implement this
section;</text>
</subparagraph><subparagraph id="HD2F1681974D148DD89977F17F45CCCD2"><enum>(B)</enum><text>to implement and
improve residential and commercial building energy efficiency codes; and</text>
</subparagraph><subparagraph id="H9A43F9EB2BAC4EE6B5A321DA14005501"><enum>(C)</enum><text>to promote
building energy efficiency through use of the codes.</text>
</subparagraph></paragraph><paragraph id="H78D06DB84FED4B16AD10840833FAFCBF"><enum>(3)</enum><header>Additional
funding</header><text>The Secretary shall provide additional funding under this
subsection for implementation of a plan to demonstrate a rate of compliance
with applicable residential and commercial building energy efficiency codes at
a rate of not less than 90 percent, based on energy performance—</text>
<subparagraph id="H27514D9375214FD19EC3B88D99DDCAE9"><enum>(A)</enum><text>to a State that
has adopted and is implementing, on a statewide basis—</text>
<clause id="HE9E6EE58DAF24D95BD617F8140FDEB53"><enum>(i)</enum><text>a
residential building energy efficiency code that meets or exceeds the
requirements of the IECC (2006) (or a successor code that is the subject of an
affirmative determination by the Secretary under subsection (a)(2)(A)(i));
and</text>
</clause><clause id="HF78E2DEF039C4E1D8FF6E966B3895122"><enum>(ii)</enum><text>a
commercial building energy efficiency code that meets or exceeds the
requirements of the ASHRAE Standard 90.1 (2004) (or a successor standard that
is the subject of an affirmative determination by the Secretary under
subsection (a)(2)(A)(i)); or</text>
</clause></subparagraph><subparagraph id="H253F37EEA784417D9156529B38D62E49"><enum>(B)</enum><text>in the case of a
State in which no statewide energy code exists for residential buildings or
commercial buildings, or in which the State code fails to comply with
subparagraph (A), to a local government that has adopted and is implementing
residential and commercial building energy efficiency codes, as described in
subparagraph (A).</text>
</subparagraph></paragraph><paragraph id="H4C1989EF29EA40BEA39F4383917D4B17"><enum>(4)</enum><header>Training</header><text>Of
the amounts made available to carry out this subsection, the Secretary may use
not more than $500,000 for each State to train State and local officials to
implement State or local energy codes in accordance with a plan described in
paragraph
(3).</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="H67DDC79044F449F9907113E62FDC90D8"><enum>602.</enum><header>Conforming
amendment</header><text display-inline="no-display-inline">Section 303 of the
Energy Conservation and Production Act (<external-xref legal-doc="usc" parsable-cite="usc/42/6832">42 U.S.C. 6832</external-xref>) is amended by adding at
the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H32E04A15B60F466BA7664B47FDE7800" style="OLC">
<paragraph id="H4DDFA58FB00F418EB4AF006449C9DE10"><enum>(17)</enum><header>IECC</header><text>The
term <term>IECC</term> means the International Energy Conservation
Code.</text>
</paragraph><after-quoted-block>. </after-quoted-block></quoted-block>
</section><enum>VII</enum><header>REVIEWS AND
RECOMMENDATIONS</header>
<section id="H81243D628C6F40049B549BC3017D7055"><enum>701.</enum><header>National
Academy of Sciences review and recommendations</header>
<subsection id="H472058C8182644D49F60D74142006DD3"><enum>(a)</enum><header>In
general</header><text>Not later than 1 year after the date of enactment of this
Act, the Administrator shall offer to enter into a contract with the National
Academy of Sciences under which the Academy shall, not later than January 1,
2012, and every 5 years thereafter, submit to Congress and the Administrator a
report that includes—</text>
<paragraph id="H57693486A7E048DBA045BC7BE3351B19"><enum>(1)</enum><text>an analysis of the
latest scientific information and data relevant to global climate
change;</text>
</paragraph><paragraph id="HE2AFA6EF57AE43BCBA746EA69DB3B639"><enum>(2)</enum><text>an analysis of the
performance of this Act and other public policies in reducing greenhouse gas
emissions;</text>
</paragraph><paragraph id="H79A60BF791D545D99F21FDE6ED82BB3"><enum>(3)</enum><text>an
analysis of the performance of this Act and other public policies in reducing
vulnerability to the impacts of climate change; and</text>
</paragraph><paragraph id="HD68305DC7CAE456B8FAFC200D9BBA18C"><enum>(4)</enum><text display-inline="yes-display-inline">recommendations regarding potential changes
to this Act and other public policies in reducing greenhouse gas emissions,
preventing dangerous atmospheric concentrations of greenhouse gases or a
dangerous increase in global average temperature, and reducing vulnerability to
the impacts of climate change.</text>
</paragraph></subsection><subsection id="H0728C83E8D724DEEA7F0E56294F21D93"><enum>(b)</enum><header>Exception</header><text>Subsection
(a)(2), (3), and (4) shall not apply to the first report delivered under
subsection (a).</text>
</subsection><subsection id="H296F53235B5C437BA3B6701B9874C99B"><enum>(c)</enum><header>Latest
scientific information</header><text>The analysis required under subsection
(a)(1) shall—</text>
<paragraph id="HC9CD416AC5B04E338DD5D8F7FCD8485C"><enum>(1)</enum><text>address existing
reports, including the most recent assessment report of the Intergovernmental
Panel on Climate Change; and</text>
</paragraph><paragraph id="HA018CD2D7D8D4F33A28C683BDB0300"><enum>(2)</enum><text>include a
description of trends in and projections for—</text>
<subparagraph id="H904CC20E6007472380C3B732F5702430"><enum>(A)</enum><text>total United
States greenhouse gas emissions;</text>
</subparagraph><subparagraph id="HC2D7B76963C44C4EB8A9E1ADA1B0AFB5"><enum>(B)</enum><text>total worldwide
greenhouse gas emissions;</text>
</subparagraph><subparagraph id="H6E6AC4002DBB4D0A81501241FD159765"><enum>(C)</enum><text>greenhouse gas
emissions in each country that is a major trading partner of the United
States;</text>
</subparagraph><subparagraph id="H1822D062E67B4A35B07B76368100EEAC"><enum>(D)</enum><text>atmospheric
concentrations of greenhouse gases;</text>
</subparagraph><subparagraph id="HA01C8ED1847D4E4FB732D1003413A882"><enum>(E)</enum><text>global average
temperature, including an analysis of whether an increase of global average
temperature in excess of 3.6 degrees Fahrenheit (2 degrees Celsius) above the
preindustrial average has occurred or is more likely than not to occur in the
foreseeable future as a result of anthropogenic climate change;</text>
</subparagraph><subparagraph id="H7EDAD86778EC4EDA9725204ECE48077B"><enum>(F)</enum><text>adverse impacts of
global climate change on human populations, wildlife, and natural resources;
and</text>
</subparagraph><subparagraph id="HCCE3E73599EC403D9907F5FD857F33C9"><enum>(G)</enum><text>the health of the
oceans and ocean ecosystems, including predicted changes in ocean acidity,
temperatures, the extent of coral reefs, and other indicators of ocean
ecosystem health, resulting from anthropogenic carbon dioxide and climate
change.</text>
</subparagraph></paragraph></subsection><subsection id="H3A5F830136FD4F2C99B897F8BC21E613"><enum>(d)</enum><header>Performance of
this act and other policies</header><text>The analysis required under
subsection (a)(2) shall include a description of—</text>
<paragraph id="H6D42649A52BB41F7A687169BE130562F"><enum>(1)</enum><text>the extent to
which this Act, in concert with other public policies, will prevent dangerous
atmospheric concentrations of greenhouse gases;</text>
</paragraph><paragraph id="HDAC8CE7BE2B94A3FA0BA37F551280173"><enum>(2)</enum><text>the extent to
which this Act, in concert with other public policies, will prevent a dangerous
increase in global average temperature;</text>
</paragraph><paragraph id="H4D44A76B98D54B5397067B90514D0276"><enum>(3)</enum><text>the current and
future projected deployment of technologies and practices in the United States
that reduce or limit greenhouse gas emissions, including—</text>
<subparagraph id="HB473FC1C12EA4DB48326EA8EA5D0C773"><enum>(A)</enum><text>technologies for
capture and disposal of greenhouse gases;</text>
</subparagraph><subparagraph id="H2B531FF6ACFA43E1BA2B61E63DA25CE7"><enum>(B)</enum><text>efficiency
improvement technologies;</text>
</subparagraph><subparagraph id="H60DEF03793714ADD9BD11085440053B6"><enum>(C)</enum><text>zero-greenhouse
gas emitting energy technologies, including wind, solar, geothermal,
hydrokinetic, and nuclear technologies;</text>
</subparagraph><subparagraph id="H1F6609D313D444AABAD7C3B1A11CA4C2"><enum>(D)</enum><text>low-carbon
renewable fuels and bioenergy; and</text>
</subparagraph><subparagraph id="HCE3C71FF37A44E13927E8CFB98057BA1"><enum>(E)</enum><text>above-ground and
below-ground biological sequestration technologies.</text>
</subparagraph></paragraph><paragraph id="H510368443C5E404B8BF35E6320BDC376"><enum>(4)</enum><text>the extent to
which this Act and other public policies are accelerating the development and
commercial deployment of technologies and practices that reduce and limit
greenhouse gas emissions;</text>
</paragraph><paragraph id="H7344DC4B7C4C447AA9B5E019ECC7A585"><enum>(5)</enum><text>the extent to
which this Act and other public policies are reducing greenhouse gas emissions
and increasing biological sequestration from agriculture and forestry in the
United States and internationally;</text>
</paragraph><paragraph id="HAC302E64318343A4B50675253D348BAB"><enum>(6)</enum><text>the extent to
which offset credits available on international markets represent real,
verifiable, additional, permanent, and enforceable reductions in greenhouse gas
emissions or increases in sequestration;</text>
</paragraph><paragraph id="HB41C44F4AD144AB98FA4A3AB45241742"><enum>(7)</enum><text>the extent to
which this Act and other public policies are addressing climate change
adaptation needs in the United States and the most vulnerable developing
countries (as defined in section 422(2) of this Act);</text>
</paragraph><paragraph id="HAFF2D2B4B71649C7B944FF07E4B2AE82"><enum>(8)</enum><text>the extent to
which the distributions of auction proceeds under title VII of the Clean Air
Act, as added by section 101 of this Act, are advancing the purposes of this
Act; and</text>
</paragraph><paragraph id="H78EBB7A775BB4385BEFAE8BAAC84DA96"><enum>(9)</enum><text>the
cost-effectiveness of programs established under titles III and IV of this Act
in achieving their stated purposes, and the comparative environmental and
economic benefits of such programs.</text>
</paragraph></subsection><subsection id="HA6F047C38BEC45C69492296094FA79B8"><enum>(e)</enum><header>Recommendations
regarding this act and other policies</header><text>The recommendations
required under subsection (a)(3) shall include—</text>
<paragraph id="H6DCFB76A9EE246AEAFC9F8ADD06B9E18"><enum>(1)</enum><text>recommendations
regarding distribution of funds from the Low-Carbon Technology Fund, under
subtitle B of title III of this Act, in order to accelerate reductions in
greenhouse gas emissions and lower the cost of achieving such reductions
through research, development, demonstration, and deployment of
technologies;</text>
</paragraph><paragraph id="H19BEEA8BB3AC4ADF9C29AFA36964D34B"><enum>(2)</enum><text>recommendations
regarding improvements to programs implemented pursuant to this Act related to
the agriculture and forestry sectors in order to accelerate reductions in
greenhouse gas emissions from agriculture and increases in biological
sequestration from agriculture and forestry;</text>
</paragraph><paragraph id="H7C834F0B666541A9B91D92E47C54B7E0"><enum>(3)</enum><text>recommendations as
to how to amend title VII of the Clean Air Act, this Act, or other Federal
policies in order to avoid dangerous atmospheric concentrations of greenhouse
gases or a dangerous increase in global average temperature, including
consideration of the feasibility and effectiveness of—</text>
<subparagraph id="H2AE7615C2FF14A11A1CD272900366851"><enum>(A)</enum><text>expanding the
definition of the term covered entity under title VII of the Clean Air
Act;</text>
</subparagraph><subparagraph id="HC805125B04AE40AFBBB18C14FEE4E458"><enum>(B)</enum><text>expanding the
scope of the compliance obligation established under section 712 of the Clean
Air Act;</text>
</subparagraph><subparagraph id="HFBDAEAFAA1D94D7181BCAD765ECC45AF"><enum>(C)</enum><text>reducing the
number of emission allowances comprising the Emission Allowance Account for 1
or more calendar years under section 711 of the Clean Air Act;</text>
</subparagraph><subparagraph id="H1C9E5C4262E24B7B9D29FA17F9500D7"><enum>(D)</enum><text>establishing
policies for reducing greenhouse gas emissions over and above the policies
established by title VII of the Clean Air Act; and</text>
</subparagraph><subparagraph id="HE8DDEB9F1D79463C00A5667FD526EEC6"><enum>(E)</enum><text>other approaches,
as determined by the National Academy of Sciences;</text>
</subparagraph></paragraph><paragraph id="H1EE109ABF2724F9393DA37925DFF48E"><enum>(4)</enum><text>recommendations
regarding improvements to climate change adaptation programs implemented
pursuant to this Act or alternative approaches to reducing vulnerability to
climate change impacts; and</text>
</paragraph><paragraph id="HC0647FFD99C04FFA8DC62B49EA9454C8"><enum>(5)</enum><text>recommendations
regarding distribution of auction proceeds among programs, taking into account
trends in the relative environmental and economic benefits delivered by, and
cost-effectiveness of, each program.</text>
</paragraph></subsection></section><section display-inline="no-display-inline" id="H0DD41F3D3DF443429465687B3597117E" section-type="subsequent-section"><enum>702.</enum><header>Government
Accountability Office review and recommendations</header>
<subsection id="HF95BF4D9DA424B319EC1A4F5D7928D83"><enum>(a)</enum><header>In
general</header><text>Not later than January 1, 2013, and every 3 years
thereafter, the Comptroller General of the United States shall carry out a
review of the programs described in title III and title IV of this Act. Each
such report shall include—</text>
<paragraph id="HDAC9C1BAF7EA476F00175572951463D9"><enum>(1)</enum><text>a
comprehensive evaluation of the effectiveness of each program,
including—</text>
<subparagraph id="H0A5076693D654D3EA9BB5F7673F4485"><enum>(A)</enum><text>the efficiency,
transparency, and soundness of the administration of each program;</text>
</subparagraph><subparagraph id="H66A159E869964B57B8F31C295DBFAF96"><enum>(B)</enum><text>the performance of
projects or activities receiving assistance under each program; and</text>
</subparagraph><subparagraph id="H6C734DB7E45D4ACCBFA00655AEF0F855"><enum>(C)</enum><text>trends in the
cost-effectiveness of each program in achieving the stated purposes of the
program;</text>
</subparagraph></paragraph><paragraph id="HF5F7D6E498374CF9B4118F8D359B918F"><enum>(2)</enum><text>recommendations,
if any, for regulatory or administrative changes to each program to improve its
effectiveness; and</text>
</paragraph><paragraph id="H85F7246DDB8643B99588F136FA7CB8C"><enum>(3)</enum><text>identification of
programs from which funds should be redirected because of diminishing
cost-effectiveness in achieving the stated purpose of the program.</text>
</paragraph></subsection></section><section id="H1CFD77BAC1E44BFA9623A77903C1AC06"><enum>703.</enum><header>Presidential
recommendations</header>
<subsection id="H78905F16A57040A2BA3C315DA04CABDC"><enum>(a)</enum><header>Establishment of
the interagency climate change task force</header><text>Not later than January
1, 2012, the President shall establish an Interagency Climate Change Task Force
(in this section referred to as the <quote>Task Force</quote>).</text>
</subsection><subsection id="HBE192E5AE6A644EFBF11BDE800AAB402"><enum>(b)</enum><header>Composition</header><text>The
members of the Task Force shall be—</text>
<paragraph id="HAF09B682B5FE4BB38BA57038FE2D60FD"><enum>(1)</enum><text>the
Administrator;</text>
</paragraph><paragraph id="H8EC9DAFE14B745D39B2E9712956B7889"><enum>(2)</enum><text>the Secretary of
Energy;</text>
</paragraph><paragraph id="H89D155E205DC4E6589C32BDE88D038EF"><enum>(3)</enum><text>the Secretary of
Agriculture;</text>
</paragraph><paragraph id="HE2D4F045B6EA413F88692DB865A6BBC7"><enum>(4)</enum><text>the Secretary of
State;</text>
</paragraph><paragraph id="HFEFAB42584FB49C79B18492C002FFCA1"><enum>(5)</enum><text>the Secretary of
Commerce; and</text>
</paragraph><paragraph id="H6520BC7BD7F449458235D8DDDCDBD32B"><enum>(6)</enum><text>such other Cabinet
Secretaries as the President may name to the membership of the Task
Force.</text>
</paragraph></subsection><subsection id="H2161186857454ECD8D83D44DCD59FF19"><enum>(c)</enum><header>Chairman</header><text>The
Administrator shall serve as Chairman of the Task Force.</text>
</subsection><subsection id="HDB69540030FC4E61900021910002F512"><enum>(d)</enum><header>Report to
president</header>
<paragraph id="H67B2BE655F274C17B7814837905370C2"><enum>(1)</enum><header>In
general</header><text>Not later than July 1, 2013, and every 5 years
thereafter, the Task Force shall submit to the President a report making
recommendations, including specific legislation for the President to recommend
to Congress, in response to the most recent report submitted by the National
Academy of Sciences under section 701 and the most recent report of the
Comptroller General under section 702.</text>
</paragraph><paragraph id="HF244B976344845F289EA21E6A9FE1D8D"><enum>(2)</enum><header>Inclusions</header><text>The
Task Force shall include with the report an explanation of any inconsistencies
between the Task Force’s recommendations and—</text>
<subparagraph id="HAED7001E1F384682B800EE1D1DE30924"><enum>(A)</enum><text>the report and
recommendations submitted by the National Academy of Sciences under section
701; or</text>
</subparagraph><subparagraph id="H00DC961BA61B482D985E7662CFCA8D31"><enum>(B)</enum><text>any
recommendations submitted by the Comptroller General under section 702.</text>
</subparagraph></paragraph></subsection><subsection id="HEAD3A120B4EC4BE19FD342876D5E08A8"><enum>(e)</enum><header>Presidential
recommendation to congress</header><text>Not later than January 1, 2014, and
every 5 years thereafter, the President shall submit to Congress a report
making recommendations, including the text of any legislation proposed, based
on the report submitted to the President under subsection (d).</text>
</subsection><subsection id="H28F9E0BA70974F8E00A169B3F367C0AD"><enum>(f)</enum><header>Savings
clause</header><text>Nothing in this title limits, procedurally affects, or
otherwise restricts the authority of the Administrator, a State, or any person
to use authorities under this Act or any other law to adopt or enforce any
rule.</text>
</subsection></section><section id="H827913C1EBDD4D399C154E126878CD21"><enum>704.</enum><header>Expedited
congressional action on certain Presidential recommendations</header>
<subsection id="H59A581EB329E4DA7818C00AB24D45B75"><enum>(a)</enum><header>Consideration</header><text>In
any calendar year during which a report is submitted under section 703(e), the
Senate and the House of Representatives may consider a joint resolution, in
accordance with subsection (b), that amends section 711 of the Clean Air Act to
decrease the number of allowances to be issued, if and to the extent
specifically recommended by the President pursuant to section 703(e).</text>
</subsection><subsection id="HC8FC4CCC65924668B18206E4D2EC9876"><enum>(b)</enum><header>Requirements</header><text>A
joint resolution considered under subsection (a)—</text>
<paragraph id="H33FAECC6EEC44AACAD008000AB568BC3"><enum>(1)</enum><text>shall be
introduced during the 60-day period beginning on the date on which a report is
submitted under section 703(e);</text>
</paragraph><paragraph id="HE5E59BA868A64D6AA6098FA19F5B534F"><enum>(2)</enum><text>after the
resolving clause and <quote>That</quote>, shall contain only: <quote>effective
beginning ________, the table in section 711 of the Clean Air Act is amended
______. </quote>, the blanks being filled in with the effective date and
reductions in the quantity of emission allowances to be issued, respectively;
and</text>
</paragraph><paragraph id="H4460068C0356473A99C061916F33AD8D"><enum>(3)</enum><text>shall be referred
to the Committee on Energy and Commerce of the House of Representatives and the
Committee on Environment and Public Works of the Senate.</text>
</paragraph></subsection><subsection commented="no" id="HB151960F4EEA4857986B52AC42704D94"><enum>(c)</enum><header>Applicable
law</header><text>Subsections (c) through (g) of <external-xref legal-doc="usc" parsable-cite="usc/5/802">section 802</external-xref> of title 5, United
States Code, shall apply to any joint resolution described in this section,
except that in applying such subsections—</text>
<paragraph id="H51779174CF334DBAA3D24CA290D21769"><enum>(1)</enum><text>references therein
to <quote>subsection (a)</quote> shall refer to subsection (a) of this
section;</text>
</paragraph><paragraph id="H6AAE80FCC86B4E4EA78E1010003F287D"><enum>(2)</enum><text>references therein
to the <quote>submission or publication date</quote> or <quote>submission or
publication date defined under subsection (b)(2)</quote> shall mean the date on
which Congress receives the report submitted under section 703(e) of this
Act;</text>
</paragraph><paragraph id="HFD871778FA314C13A123B4000DB7D86"><enum>(3)</enum><text>in
subsection (e), the words <quote>respecting a rule</quote> shall be ignored;
and</text>
</paragraph><paragraph id="H19B1F691635B407895E2C6EE566848DD"><enum>(4)</enum><text display-inline="yes-display-inline">subsection (e)(2) of such section 802 shall
not apply to a resolution described in this section.</text>
</paragraph></subsection></section>