1.Short
title; table of contents
(a)This Act may be cited
as the Energy Resource Development Act
of 2008
.
(b)The table of contents of this Act is as follows:
Sec. 1. Short title; table of
contents.
Sec. 2. Definition of Secretary.
TITLE I—Traditional resources
Sec. 101. Revocation of withdrawal of certain areas of the
outer Continental Shelf.
Sec. 102. State authority to protect certain coastal
areas.
Sec. 103. Production of oil and natural gas in new producing
areas.
TITLE II—Alternative resources
Subtitle A—Renewable fuel and advanced energy
technology
Sec. 201. Energy Independence Trust Fund.
Sec. 202. Loan guarantees for renewable fuel
pipelines.
Subtitle B—Clean coal-derived fuels for energy
security
Sec. 211. Definitions.
Sec. 212. Clean coal-derived fuel program.
Subtitle C—Nuclear Energy
Sec. 221. Incentives for innovative technologies.
Sec. 222. Authorization for Nuclear Power 2010
Program.
Sec. 223. Domestic manufacturing base for nuclear components
and equipment.
Sec. 224. Nuclear energy workforce.
Sec. 225. Investment tax credit for investments in nuclear
power facilities.
2.In this Act, the
term Secretary
means the Secretary of Energy.
<enum>I</enum><header>Traditional
resources</header>
<section id="id88BC38A40FC54A3BA8E4C74E0AFC2A20"><enum>101.</enum><header>Revocation of
withdrawal of certain areas of the outer Continental Shelf</header><text display-inline="no-display-inline">The <quote>Memorandum on Withdrawal of
Certain Areas of the United States Outer Continental Shelf from Leasing
Disposition</quote>, 34 Weekly Comp. Pres. Doc. 1111, dated June 12, 1998, is
revoked and no longer in effect regarding any area on the outer Continental
Shelf covered by sections 104 and 105 of the Department of the Interior,
Environment, and Related Agencies Appropriations Act, 2008 (Public Law 110–161;
121 Stat. 2118).</text>
</section><section id="ID03ffdffb99e24ca681e5717a0b900a4e"><enum>102.</enum><header>State
authority to protect certain coastal areas</header><text display-inline="no-display-inline">Section 19 of the Outer Continental Shelf
Lands Act (43 U.S.C. 1345) is amended by adding at the end the
following:</text>
<quoted-block display-inline="no-display-inline" id="idF117BE6F27A8476D88F29E45840980E1" style="OLC">
<subsection id="idD28CBC61B81446EA9C8A64A986063606"><enum>(f)</enum><header>Approval by
certain affected States</header>
<paragraph id="id588289838A2F4CF29F1847529B1EBBE6"><enum>(1)</enum><header>Definition of
affected State</header><text>In this subsection, the term <quote>affected
State</quote> means a State that the Secretary, in consultation with the
Administrator of the Environmental Protection Agency, determines could be
affected negatively by the potential environmental or economic impacts of a
proposed lease sale or proposed development and production plan under this
Act.</text>
</paragraph><paragraph id="id7070F9C7715C4315B5FF25DA77DDE742"><enum>(2)</enum><header>Notice to
affected States</header><text>Not later than 30 days before the date of a
proposed lease sale or the publication of a proposed development and production
plan, the Secretary shall submit to the Governor of each affected State notice
of the proposed sale or plan.</text>
</paragraph><paragraph id="id63AE096447EE4D35841B8C27B8C6414F"><enum>(3)</enum><header>Authorities of
affected States</header><text>Not later than 60 days after the date on which
the Secretary provides to the Governor of an affected State notice under
paragraph (2), the Governor of the affected State shall submit to the Secretary
a written response to the proposed sale or plan that—</text>
<subparagraph id="id8631644E1BDA4FACB9FA2B51B911B897"><enum>(A)</enum><text>specifies whether
the Governor—</text>
<clause id="idCBAB86D4A8FA4E069976685350A7BE66"><enum>(i)</enum><text>accepts the sale
or plan as proposed;</text>
</clause><clause id="id959EBC2251564298B3E7305BEC7048AD"><enum>(ii)</enum><text>accepts the sale
or plan with modification; or</text>
</clause><clause id="idAD18F5D24F064D8EB9936FA7574F930B"><enum>(iii)</enum><text>vetoes the
proposed sale or plan; and</text>
</clause></subparagraph><subparagraph id="id124D773B7B474A1A9152F97F2048EAC2"><enum>(B)</enum><text>in the case of
subparagraph (A)(ii), includes a counterproposal that describes—</text>
<clause id="id3DEF7648EC6D48A49F5FD62D3FFD9C6F"><enum>(i)</enum><text>any proposed
modifications to—</text>
<subclause id="id151442019C6F4274AA5B9B2AEDF30762"><enum>(I)</enum><text>the proposed
plan; or</text>
</subclause><subclause id="id55E77E4DEEF04212B0817BDE06A96CD6"><enum>(II)</enum><text>the size, time,
or location of the proposed sale; and</text>
</subclause></clause><clause id="id04D84EEE4D2B43EABB8340FEE4045FC5"><enum>(ii)</enum><text>any areas off
the coast of the State that the Governor recommends for long-term protection in
the form of a moratorium on leasing for a period of not more than 20 years
based on—</text>
<subclause id="IDa5adee06ae094786b08fefe645fe7835"><enum>(I)</enum><text>any information
in existence on the date of the counterproposal concerning the geographical,
geological, and ecological characteristics of the areas proposed for
protection;</text>
</subclause><subclause id="ID33253708d64748fe938dbdf9fcd8e38e"><enum>(II)</enum><text>an equitable
sharing of developmental benefits and environmental risks among the
areas;</text>
</subclause><subclause id="ID475c9e6953194753a0e3d8197fe4bc08"><enum>(III)</enum><text>the location of
the areas with respect to—</text>
<item id="idEC6225FB10014E3089CC6DA2DD76575A"><enum>(aa)</enum><text>other uses of
the sea and seabed in the areas, including fisheries, navigation, existing or
proposed sealanes, potential sites of deepwater ports; and</text>
</item><item id="idDCE15C40E6504F6F8117CBA6AB8F1FF8"><enum>(bb)</enum><text>other
anticipated uses of the resources and space of other areas of the outer
Continental Shelf;</text>
</item></subclause><subclause id="IDbfdc1db2a99e4038a46507fc9b8c2ea3"><enum>(IV)</enum><text>any relevant
laws, goals, and policies of the State; and</text>
</subclause><subclause id="ID5b186ee2cd684313a71c2823b7243b62"><enum>(V)</enum><text>the relative
environmental sensitivity and marine productivity of other areas of the outer
Continental Shelf.</text>
</subclause></clause></subparagraph></paragraph><paragraph id="idB577BB88142E416992A674D711A3B18F"><enum>(4)</enum><header>Secretarial
response</header>
<subparagraph id="id7369E123F3594FA58534D4CEE84B8E35"><enum>(A)</enum><header>In
general</header><text>As soon as practicable after the Secretary receives a
counterproposal under paragraph (3)(B), the Secretary, in consultation with the
Secretary of Defense, shall—</text>
<clause id="id9AA8704939154B6286D14F034D47FEF8"><enum>(i)</enum><text>approve the
counterproposal without modification;</text>
</clause><clause id="id1694E9B6D89B4DD584FB8ACCC94BF098"><enum>(ii)</enum><text>attempt to enter
into an agreement with the Governor to modify the counterproposal; or</text>
</clause><clause id="id3739E53D839440FCB614E312D09FF6F3"><enum>(iii)</enum><text>deny the
counterproposal.</text>
</clause></subparagraph><subparagraph id="id0538F42B11A34B9E87A0EFC11016576E"><enum>(B)</enum><header>Approval of
agreement</header><text>To be valid, an agreement entered into under
subparagraph (A)(ii) requires the approval of the Governor, the Secretary, and
the Secretary of the
Defense.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="id3A43E9AC69EE44BC9423ACA2053CA130"><enum>103.</enum><header>Production of
oil and natural gas in new producing areas</header><text display-inline="no-display-inline">The Outer Continental Shelf Lands Act (43
U.S.C. 1331 et seq.) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id9392C29FDD2941BD964814FB2CEA0EB5" style="OLC">
<section id="ID1a2492f3d8fe486d91a4b3f380911a0b"><enum>32.</enum><header>Production of
oil and natural gas in new producing areas</header>
<subsection id="IDc517eebec33d475eb910b24e47654142"><enum>(a)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="IDb6a210a8ec1b41d0b1ff5dd1a8e2c1c7"><enum>(1)</enum><header>Coastal
political subdivision</header><text>The term <term>coastal political
subdivision</term> means a political subdivision of a new producing State any
part of which political subdivision is—</text>
<subparagraph id="IDe4afd27734804cc5aa93320773b1d5b1"><enum>(A)</enum><text>within the
coastal zone (as defined in section 304 of the Coastal Zone Management Act of
1972 (16 U.S.C. 1453)) of the new producing State as of the date of enactment
of this section; and</text>
</subparagraph><subparagraph id="ID0b486ef1f0c245a1b8bc9681e730c933"><enum>(B)</enum><text>not more than 200
nautical miles from the geographic center of any leased tract.</text>
</subparagraph></paragraph><paragraph id="ID60e52518970b469fa2aa5f81f745774a"><enum>(2)</enum><header>Moratorium
area</header>
<subparagraph id="ID17bbd0a8f45647e5851be3d72a76c74c"><enum>(A)</enum><header>In
general</header><text>The term <term>moratorium area</term> means an area
covered by sections 104 through 105 of the Department of the Interior,
Environment, and Related Agencies Appropriations Act, 2008 (Public Law 110–161;
121 Stat. 2118).</text>
</subparagraph><subparagraph id="ID437ed7e230c344499771f1da44ef2a30"><enum>(B)</enum><header>Exclusion</header><text>The
term <term>moratorium area</term> does not include an area located in the Gulf
of Mexico.</text>
</subparagraph></paragraph><paragraph id="IDec9465c43a7d4a8dab36315749a8bf87"><enum>(3)</enum><header>New producing
area</header><text>The term <term>new producing area</term> means any
moratorium area beyond the submerged land of a new producing State.</text>
</paragraph><paragraph id="ID0adb18182d7e409992427d51d4190b81"><enum>(4)</enum><header>New producing
State</header><text>The term <term>new producing State</term> means a State
that has received notice of a proposed lease sale for a new producing area
under section 19(f)(2).</text>
</paragraph><paragraph id="ID4eab9e951dff4b8d8d4c3725203b1265"><enum>(5)</enum><header>Qualified outer
continental shelf revenues</header>
<subparagraph id="IDd2ee24b760404d20813a768f1d3e9ec0"><enum>(A)</enum><header>In
general</header><text>The term <term>qualified outer Continental Shelf
revenues</term> means all rentals, royalties, bonus bids, and other sums due
and payable to the United States from leases entered into on or after the date
of enactment of this section for new producing areas.</text>
</subparagraph><subparagraph id="ID14906c71b81444bca330765aaf8c3cd6"><enum>(B)</enum><header>Exclusions</header><text>The
term <term>qualified outer Continental Shelf revenues</term> does not
include—</text>
<clause id="IDbcfb9c93e9ee4b209a097f3514810b25"><enum>(i)</enum><text>revenues from a
bond or other surety forfeited for obligations other than the collection of
royalties;</text>
</clause><clause id="IDc5d1f7059e4344ae913324532b7c4f88"><enum>(ii)</enum><text>revenues from
civil penalties;</text>
</clause><clause id="ID100ca87e48834c30961587069827229e"><enum>(iii)</enum><text>royalties taken
by the Secretary in-kind and not sold;</text>
</clause><clause id="IDf41aef6e0b144c559751f39d65b35a5d"><enum>(iv)</enum><text>revenues
generated from leases subject to section 8(g); or</text>
</clause><clause id="IDce9b0694a8a44dae931ebcd9ee47909f"><enum>(v)</enum><text>any revenues
considered qualified outer Continental Shelf revenues under section 102 of the
Gulf of Mexico Energy Security Act of 2006 (43 U.S.C. 1331 note; Public Law
109–432).</text>
</clause></subparagraph></paragraph></subsection><subsection id="id48D434284E224D149F97936CD413DBD9"><enum>(b)</enum><header>Availability
for leasing</header><text>On approval by the new producing State of a proposed
lease sale for a new producing area under section 19(f), the Secretary shall
conduct the proposed lease sale for the new producing area.</text>
</subsection><subsection id="ID479dcafa524b4e4db912d937e3d1a822"><enum>(c)</enum><header>Disposition of
qualified outer continental shelf revenues from new producing areas</header>
<paragraph id="IDb6d2e2512304404ea6799720a60e73e4"><enum>(1)</enum><header>In
general</header><text>Notwithstanding section 9 and subject to the other
provisions of this subsection, for each applicable fiscal year, the Secretary
of the Treasury shall deposit—</text>
<subparagraph id="ID40c5faa1427d40d7b0276c842fde3c1b"><enum>(A)</enum><text>50 percent of
qualified outer Continental Shelf revenues—</text>
<clause id="idDDED17E742A54626AC1448136555DE01"><enum>(i)</enum><text>in the fund
established by section 201 of the Energy Resource Development Act of 2008;
or</text>
</clause><clause id="id264595C65983414EB9B57C09D4A7F317"><enum>(ii)</enum><text>if the Secretary
of the Treasury determines that the fund described in clause (i) is fully
funded, in the general fund of the Treasury; and</text>
</clause></subparagraph><subparagraph id="ID81b8a863d935480382ccba50ee20e461"><enum>(B)</enum><text>50 percent of
qualified outer Continental Shelf revenues in a special account in the Treasury
from which the Secretary shall disburse—</text>
<clause id="IDedc4798af7ee4b6d9b10b3b9faba983a"><enum>(i)</enum><text>75 percent to new
producing States in accordance with paragraph (2); and</text>
</clause><clause id="ID788455908946441d8362512b892271d3"><enum>(ii)</enum><text>25 percent to
provide financial assistance to States in accordance with section 6 of the Land
and Water Conservation Fund Act of 1965 (16 U.S.C. 460l–8), which shall be
considered income to the Land and Water Conservation Fund for purposes of
section 2 of that Act (16 U.S.C. 460l–5).</text>
</clause></subparagraph></paragraph><paragraph id="ID84b0629188974f369dbf37da3e5afd0c"><enum>(2)</enum><header>Allocation to
new producing States and coastal political subdivisions</header>
<subparagraph id="ID21d4c32a0aad4cf6bb20c6a41e4fd0ab"><enum>(A)</enum><header>Allocation to
new producing States</header><text>Effective for fiscal year 2008 and each
fiscal year thereafter, the amount made available under paragraph (1)(B)(i)
shall be allocated to each new producing State in amounts (based on a formula
established by the Secretary by regulation) proportional to the amount of
qualified outer Continental Shelf revenues generated in the new producing area
offshore each State.</text>
</subparagraph><subparagraph id="IDd46f76d28e5e49599a5a0ca1a8adefe0"><enum>(B)</enum><header>Payments to
coastal political subdivisions</header>
<clause id="IDf213e6d5414244a4ae2f9eb307d2bb67"><enum>(i)</enum><header>In
general</header><text>The Secretary shall pay 20 percent of the allocable share
of each new producing State, as determined under subparagraph (A), to the
coastal political subdivisions of the new producing State.</text>
</clause><clause id="ID3e44139759d14e0f9d3b3f4c07ae6360"><enum>(ii)</enum><header>Allocation</header><text>The
amount paid by the Secretary to coastal political subdivisions shall be
allocated to each coastal political subdivision in accordance with
subparagraphs (B) and (C) of section 31(b)(4).</text>
</clause></subparagraph></paragraph><paragraph id="ID6413a6b6460d41bca5094e43b9cfb999"><enum>(3)</enum><header>Minimum
allocation</header><text>The amount allocated to a new producing State for each
fiscal year under paragraph (2) shall be at least 5 percent of the amounts
available under for the fiscal year under paragraph (1)(B)(i).</text>
</paragraph><paragraph id="ID96acffac76ce4d98b54fb85b6dc21c98"><enum>(4)</enum><header>Timing</header><text>The
amounts required to be deposited under subparagraph (B) of paragraph (1) for
the applicable fiscal year shall be made available in accordance with that
subparagraph during the fiscal year immediately following the applicable fiscal
year.</text>
</paragraph><paragraph id="IDb1b19bc774484f6a94c7d25860dc569d"><enum>(5)</enum><header>Authorized
uses</header>
<subparagraph id="ID51d5e0de40bd4ef0ae1656813ebf9afe"><enum>(A)</enum><header>In
general</header><text>Subject to subparagraph (B), each new producing State and
coastal political subdivision shall use all amounts received under paragraph
(2) in accordance with all applicable Federal and State laws, only for 1 or
more of the following purposes:</text>
<clause id="ID245538c57a2649f78dd81b7da08e1003"><enum>(i)</enum><text>Projects and
activities for the purposes of coastal protection, including conservation,
coastal restoration, and hurricane protection.</text>
</clause><clause id="IDa25bdbca3084428bab6457e454e9b51a"><enum>(ii)</enum><text>Mitigation of
damage to fish, wildlife, or natural resources.</text>
</clause><clause id="ID68a8b77231284e718e91e7ef8379756c"><enum>(iii)</enum><text>Implementation
of a federally-approved marine, coastal, or comprehensive conservation
management plan.</text>
</clause><clause id="ID77d482697332432bbec7c8016659ed36"><enum>(iv)</enum><text>Mitigation of
the impact of outer Continental Shelf activities through the funding of onshore
projects.</text>
</clause><clause id="ID4c21788e183046e6919a0bbeada59b99"><enum>(v)</enum><text>Planning
assistance and the administrative costs of complying with this section.</text>
</clause></subparagraph><subparagraph id="IDb1a298420f5a4169bc2e98e7217c0a82"><enum>(B)</enum><header>Limitation</header><text>Not
more than 3 percent of amounts received by a new producing State or coastal
political subdivision under paragraph (2) may be used for the purposes
described in subparagraph (A)(v).</text>
</subparagraph></paragraph><paragraph id="ID94d6e511c64e43eb939b4eaee5e222cc"><enum>(6)</enum><header>Administration</header><text>Amounts
made available under paragraph (1)(B) shall—</text>
<subparagraph id="ID9b9deaf2ec564249ace600235169ba01"><enum>(A)</enum><text>be made
available, without further appropriation, in accordance with this
subsection;</text>
</subparagraph><subparagraph id="IDe221cd43dc1045059bf75500f559ca37"><enum>(B)</enum><text>remain available
until expended; and</text>
</subparagraph><subparagraph id="ID2dd857fef0f744acb3447d05733653ea"><enum>(C)</enum><text>be in addition to
any amounts appropriated under—</text>
<clause id="IDdecb93d9ef72495dab267d01d8df7e6b"><enum>(i)</enum><text>other provisions
of this Act;</text>
</clause><clause id="IDe7747b0715cc43bebcaa2f65893a0236"><enum>(ii)</enum><text>the Land and
Water Conservation Fund Act of 1965 (16 U.S.C. 460l–4 et seq.); or</text>
</clause><clause id="IDd6528f8481114a6a8a51c22b754d6c99"><enum>(iii)</enum><text>any other
provision of law.</text>
</clause></subparagraph></paragraph></subsection><subsection id="IDbfbfa591c9f94a2c8297a0ad537dd6ff"><enum>(d)</enum><header>Disposition of
qualified outer continental shelf revenues from other
areas</header><text>Notwithstanding section 9, for each applicable fiscal year,
the terms and conditions of subsection (c) shall apply to the disposition of
qualified outer Continental Shelf revenues that—</text>
<paragraph id="ID5629e64040ea4c1491473c588ddf55df"><enum>(1)</enum><text>are derived from
oil or gas leasing in an area that is not included in the current 5-year plan
of the Secretary for oil or gas leasing; and</text>
</paragraph><paragraph id="IDa07086b7c19a4b7d83f75e4fe90c2b4c"><enum>(2)</enum><text>are not assumed
in the budget of the United States Government submitted by the President under
section 1105 of title 31, United States Code.</text>
</paragraph></subsection><subsection id="idF0CB764FCAC54668A9EB5397799D675C"><enum>(e)</enum><header>Due diligence
required</header>
<paragraph id="id16629B70B4A54049AD6A16DD98ED4BF3"><enum>(1)</enum><header>New producing
area leases</header><text>Each lease entered into under this section shall
provide that if a lessee fails to initiate development of the oil or gas
resources in the new producing area subject to the lease by the date that is 2
years after the date of the issuance of the lease—</text>
<subparagraph id="idF4A41BC6C5424B99AAD0D9F82294918C"><enum>(A)</enum><text>the lease shall
terminate; and</text>
</subparagraph><subparagraph id="id24DAA15268EF4C4097B93C3DBD50B9D9"><enum>(B)</enum><text>the Secretary
shall conduct a new lease sale for the new producing area that was subject to
the terminated lease.</text>
</subparagraph></paragraph><paragraph id="idD7ABF4E845814CB1949FCA2C20FC72DC"><enum>(2)</enum><header>Existing
leases</header>
<subparagraph id="id02FD3760F60E4DF3BC356F88CC7BC2EB"><enum>(A)</enum><header>In
general</header><text>Any lease entered into under any other section of this
Act that is in effect on the date of enactment of this section shall terminate
at the end of the 10-year lease period specified in the lease.</text>
</subparagraph><subparagraph id="idF5AA37099D3C46B9AF45F795D8A0E296"><enum>(B)</enum><header>Availability
for leasing</header><text>The Secretary shall conduct a new lease sale for any
area subject to a lease terminated under subparagraph (A) in accordance with
this Act.</text>
</subparagraph><subparagraph id="idFC106C4503A54E8E9EF2DCBFD9139D02"><enum>(C)</enum><header>Lease
requirements</header><text>Any lease issued under a lease sale conducted under
subparagraph (B) shall provide that if a lessee fails to initiate development
of the oil or gas resources in the area subject to the lease by the date that
is 2 years after the date of the issuance of the lease—</text>
<clause id="idDA6ED870AB0345FD81578749B63E5674"><enum>(i)</enum><text>the lease shall
terminate; and</text>
</clause><clause id="id306E0FB4B05E4AFCBE064C1129F79339"><enum>(ii)</enum><text>the Secretary
shall conduct a new lease sale for the area that was subject to the terminated
lease.</text>
</clause></subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><enum>II</enum><header>Alternative
resources</header>
<subtitle id="idE7308B4DB80841138EE8F5B3ED5F36A2"><enum>A</enum><header>Renewable fuel
and advanced energy technology</header>
<section id="id432FADE0CA0E495B92877FF66469F2AF"><enum>201.</enum><header>Energy
Independence Trust Fund</header>
<subsection id="IDB87E6EB3E15A423C9459B522069F2D1F"><enum>(a)</enum><header>Establishment</header><text>There
is established in the Treasury of the United States a revolving fund, to be
known as the <quote>Energy Independence Trust Fund</quote> (referred to in this
section as the <quote>Fund</quote>), consisting of such amounts as are
deposited in the Fund under section 32(c)(1)(A)(i) of the Outer Continental
Shelf Lands Act (as added by section 102).</text>
</subsection><subsection id="ID72CBA45BD1F440E4B3F4FD55F33AAC30"><enum>(b)</enum><header>Expenditures
from Fund</header>
<paragraph id="ID1475BB464CDB4E84B16FFDF76CB44B9B"><enum>(1)</enum><header>In
general</header><text>Subject to paragraph (2), on request by the Secretary,
the Secretary of the Treasury shall transfer from the Fund to the Secretary
such amounts as the Secretary determines are necessary to carry out the
following:</text>
<subparagraph id="id3061B423F5644C7191DCDB00D75FA74F"><enum>(A)</enum><text>Section 609 of
the Public Utility Regulatory Policies Act of 1978 (7 U.S.C. 918c).</text>
</subparagraph><subparagraph id="id799F9493EC6B4FE980D2A373D8F815C8"><enum>(B)</enum><text>Title V of the
Toxic Substances Control Act (15 U.S.C. 2695 et seq.).</text>
</subparagraph><subparagraph id="id297DF951C6D94294B710FDDCC28DCCA2"><enum>(C)</enum><text>Sections 211(r),
212, and 329 of the Clean Air Act (42 U.S.C. 7545(r), 7546, 7628).</text>
</subparagraph><subparagraph id="idB46ABF9A5FD64050A25CDF06C314FDD0"><enum>(D)</enum><text>The following
provisions of the Energy Policy and Conservation Act:</text>
<clause id="id22D8D81987604F72B38BB9F38A0C99E4"><enum>(i)</enum><text>Section 324A (42
U.S.C. 6294a).</text>
</clause><clause id="idBD58393DE9364E42B1D34ACBC30156E6"><enum>(ii)</enum><text>Section 337(c)
(42 U.S.C. 6307(c)).</text>
</clause><clause id="id0A83B929347F43FD96C282FD9EC04EDF"><enum>(iii)</enum><text>Section 365(f)
(42 U.S.C. 6325(f)).</text>
</clause><clause id="id80AE68CC5F844BD498049B326A50087D"><enum>(iv)</enum><text>Part E of title
III (42 U.S.C. 6341 et seq.).</text>
</clause><clause id="id0603DAFF594D4B768034294164CD0AD1"><enum>(v)</enum><text>Section 399A (42
U.S.C. 6371h–1).</text>
</clause></subparagraph><subparagraph id="id7E9BC2428FE944E4A98E6A53CE3C97F6"><enum>(E)</enum><text>The following
provisions of the Energy Policy Act of 2005:</text>
<clause id="id73948278DE44498892557A7776B6331C"><enum>(i)</enum><text>Section 107 (42
U.S.C. 15812).</text>
</clause><clause id="idB0C72CAE05E246B7973C96F63BE65C60"><enum>(ii)</enum><text>The amendments
made by section 123 (119 Stat. 616).</text>
</clause><clause id="idCCA9DD3D0E0D427A9E472D0B4851828D"><enum>(iii)</enum><text>Sections 124
through 127 (42 U.S.C. 15821 through 15824).</text>
</clause><clause id="id4421FC09A48847088D88BFC6B4573979"><enum>(iv)</enum><text>The amendments
made by section 128 (119 Stat. 619).</text>
</clause><clause id="id29AFB9966E8D4111AF4849F496C995B2"><enum>(v)</enum><text>Sections 133 and
134 (42 U.S.C. 15831, 15832).</text>
</clause><clause id="id0482D04C451740EEBF3677342E53671D"><enum>(vi)</enum><text>Section 140 (42
U.S.C. 15833).</text>
</clause><clause id="id18553D1396D04C9697EF7D7330C78BCF"><enum>(vii)</enum><text>Section 201 (42
U.S.C. 15851).</text>
</clause><clause id="id244B14C07F0B46719F92BB38829866E9"><enum>(viii)</enum><text>The amendments
made by section 202 (119 Stat. 651).</text>
</clause><clause id="idD3DDB35388C64413AE61A3B52565228C"><enum>(ix)</enum><text>The amendments
made by section 206 (119 Stat. 654).</text>
</clause><clause id="idCC63C6FC70DF4560B40C8C682B21690C"><enum>(x)</enum><text>Section 207 (119
Stat. 656).</text>
</clause><clause id="idB60FD57197A446B6BAFC79D7A2A8E9E8"><enum>(xi)</enum><text>Sections 208 and
210 (42 U.S.C. 15854, 15855).</text>
</clause><clause id="id92CDEBF2FBD441EEB5BE4CDCC3172094"><enum>(xii)</enum><text>Sections 242
and 243 (42 U.S.C. 15881, 15882).</text>
</clause><clause id="id37E3B32085A24CC2ADF5EED52B32397F"><enum>(xiii)</enum><text>The amendments
made by section 251 (119 Stat. 679).</text>
</clause><clause id="idB5AABC25554D4C6B8E6432C3E0425FD7"><enum>(xiv)</enum><text>Section 252 (42
U.S.C. 15891).</text>
</clause><clause id="id7234EEF8B6BA49E6895A0BEF9A82F641"><enum>(xv)</enum><text>Sections 706,
712, 721, and 731 (42 U.S.C. 16051, 16062, 16071, 16081).</text>
</clause><clause id="idA6FEAF16E18E493F8A967C7AD9C833D9"><enum>(xvi)</enum><text>Subtitle C of
title VII (42 U.S.C. 16091 et seq.).</text>
</clause><clause id="id31E2E7E4572A4C8E8D81BA0B176F24E0"><enum>(xvii)</enum><text>Sections 751
and 755 through 758 (42 U.S.C. 16101, 16103 through 16106).</text>
</clause><clause id="id3151482BB0B8414CBF1B338FDCE03D1A"><enum>(xviii)</enum><text>Section 771
(119 Stat. 834).</text>
</clause><clause id="id6115987616774BF393BB37EB4860C58F"><enum>(xix)</enum><text>Sections 782
and 783 (42 U.S.C. 16122, 16123).</text>
</clause><clause id="idE30539174491432C927BCAC47A5E2A3F"><enum>(xx)</enum><text>Sections 805,
808, 809, and 812 (42 U.S.C. 16154, 16157, 16158, 16161).</text>
</clause><clause id="id22AD3253DDAC448AA64590C753C2CB0C"><enum>(xxi)</enum><text>Sections 911,
917, 921, and 931 (42 U.S.C. 16191, 16197, 16211, 16231).</text>
</clause><clause id="id704EE65316B64D5C97BD5F2E16FB3CF6"><enum>(xxii)</enum><text>The amendments
made by section 941 (119 Stat. 873).</text>
</clause><clause id="id6AFD53D2F52043A3936C4F1FA5E22B1C"><enum>(xxiii)</enum><text>Sections 942,
944 through 947, and 963 (42 U.S.C. 16251, 16253 through 16256, 16293).</text>
</clause><clause id="id0069A023633247B0BE6AD94C8DDFDDA1"><enum>(xxiv)</enum><text>Sections 1510,
1514, and 1516 (42 U.S.C. 16501, 16502, 16503).</text>
</clause></subparagraph><subparagraph id="id47191765A2544FB4BCDC402E8DEC18C9"><enum>(F)</enum><text>The following
provisions of the Energy Independence and Security Act of 2007:</text>
<clause id="id96E56250CB3C4BA5B88E213FCD30FAD2"><enum>(i)</enum><text>Sections 131 and
135 (42 U.S.C. 17011, 17012).</text>
</clause><clause id="id75F02E83948F4ADB97EE9118AFE1633A"><enum>(ii)</enum><text>Sections 207,
223, 229, 230, 234, 244, and 246 (42 U.S.C. 17022, 17032, 17033, 17034, 17035,
17052, 17053).</text>
</clause><clause id="idEB58FDD0CD964F8C97E25082DD622D97"><enum>(iii)</enum><text>Section 243
(121 Stat. 1540).</text>
</clause><clause id="idAE4C57EF3C1C490D8CB80FC9F4201ACA"><enum>(iv)</enum><text>Section 411 (42
U.S.C. 6872 note; Public Law 110–140).</text>
</clause><clause id="id55F79383725C4B2B820986FE44E6A4AD"><enum>(v)</enum><text>Sections 422,
440, 452, 491, and 495 (42 U.S.C. 17082, 17096, 17111, 17121, 17124).</text>
</clause><clause id="id1D60D3B2BF8E4318AFFC41BDDE3D2309"><enum>(vi)</enum><text>Section 501 (121
Stat. 1655).</text>
</clause><clause id="idAF4BC2BE77B74F9A9E383BE960550B1A"><enum>(vii)</enum><text>Section 502 (2
U.S.C. 2169).</text>
</clause><clause id="id4A95B68B06F84844B2C0F0F7ED67F100"><enum>(viii)</enum><text>The amendments
made by section 505 (121 Stat. 1656).</text>
</clause><clause id="id3E9093DAC0D348E8A6B253BFB6AB8E0A"><enum>(ix)</enum><text>Section 517 (42
U.S.C. 17131).</text>
</clause><clause id="id6053A8ACF5664383B7BAC5B6FDF8D184"><enum>(x)</enum><text>Subtitle E of
title V (42 U.S.C. 17151 et seq.).</text>
</clause><clause id="idDBF6B73A77A4406DA23618F4446AC4BE"><enum>(xi)</enum><text>Section 602 (42
U.S.C. 17171).</text>
</clause><clause id="id03CEB89A38EB461C9A02F721B140F03B"><enum>(xii)</enum><text>Sections 604
through 607 (42 U.S.C. 17172 through 17175).</text>
</clause><clause id="idF9E07879D0CB4E5A81CF00206B3AF4DB"><enum>(xiii)</enum><text>Subtitles B
through E of title VI (42 U.S.C. 17191 et seq.) (other than section
653).</text>
</clause><clause id="idA4A2293FF651490BB81321D4E2CD7E5A"><enum>(xiv)</enum><text>Sections 703,
705, 707, 708, 711, and 712 (42 U.S.C. 17251, 17253, 17255, 17256, 17271,
17272).</text>
</clause><clause id="idD49173F8969E43CB8200B8ADD108CE6F"><enum>(xv)</enum><text>Sections 805 and
807 (42 U.S.C. 17284, 17286).</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id1626F54FFC6A4CE896CEE0BF64972EAE"><enum>(xvi)</enum><text>Sections 912,
913, 916, 917, 925, and 927 (42 U.S.C. 17332, 17333, 17336, 17337, 17355,
17357).</text>
</clause></subparagraph><subparagraph id="idAD9EA914BA1D4E25B8D79876680AD76D"><enum>(G)</enum><text>Section
202.</text>
</subparagraph><subparagraph id="id6D3F678AA90C4D65931684DE2CC14C66"><enum>(H)</enum><text>Subtitle
C.</text>
</subparagraph></paragraph><paragraph id="ID9724CABDFFA844AE9AEFD47A75CBECA6"><enum>(2)</enum><header>Administrative
expenses</header><text>An amount not exceeding 5 percent of the amounts in the
Fund shall be available for each fiscal year to pay the administrative expenses
necessary to carry out this section.</text>
</paragraph></subsection><subsection id="ID990781DF86FA4B5A8ADACB8C3C4C49B3"><enum>(c)</enum><header>Transfers of
amounts</header>
<paragraph id="IDEA15210E59234B4AB0176880E4E2B3F6"><enum>(1)</enum><header>In
general</header><text>The amounts required to be transferred to the Fund under
this section shall be transferred at least monthly from the general fund of the
Treasury to the Fund on the basis of estimates made by the Secretary of the
Treasury.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDCF3824F211E742E7A61FAAF06623B01E"><enum>(2)</enum><header>Adjustments</header><text>Proper
adjustment shall be made in amounts subsequently transferred to the extent
prior estimates were in excess of or less than the amounts required to be
transferred.</text>
</paragraph></subsection></section><section id="idA9825022C29F4E4B84A85BE19E4F4AE0"><enum>202.</enum><header>Loan
guarantees for renewable fuel pipelines</header>
<subsection id="IDc7457b3c6c24471ba133668d82f3ff12"><enum>(a)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="id45E2483FE06544369DBBD7F2F06461EF"><enum>(1)</enum><header>Cost</header><text>The
term <quote>cost</quote> has the meaning given the term <quote>cost of a loan
guarantee</quote> in section 502(5)(C) of the Federal Credit Reform Act of 1990
(2 U.S.C. 661a(5)(C)).</text>
</paragraph><paragraph id="ID3b8ff66d5b8545fa9e6a9b540bcfd19b"><enum>(2)</enum><header>Eligible
project</header><text>The term eligible project means a project described in
subsection (b)(1).</text>
</paragraph><paragraph id="ID5b14c8b01645442088fe3cb5eb79cc76"><enum>(3)</enum><header>Guarantee</header>
<subparagraph id="ID4e7e0cf895f044a299b71142d7f9abf1"><enum>(A)</enum><header>In
general</header><text>The term <quote>guarantee</quote> has the meaning given
the term <quote>loan guarantee</quote> in section 502 of the Federal Credit
Reform Act of 1990 (2 U.S.C. 661a).</text>
</subparagraph><subparagraph id="IDdb19c22838e445a29553db22173f35b1"><enum>(B)</enum><header>Inclusion</header><text>The
term <quote>guarantee</quote> includes a loan guarantee commitment (as defined
in section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C.
661a)).</text>
</subparagraph></paragraph><paragraph id="idCDC86D239F8B4224A88144A7F0A0261B"><enum>(4)</enum><header>Renewable
fuel</header><text>The term <quote>renewable fuel</quote> has the meaning given
the term in section 211(o)(1) of the Clean Air Act (42 U.S.C. 7545(o)(1)) (as
in effect on January 1, 2009).</text>
</paragraph><paragraph id="ID05a7d59fe9564d33bf5bfe78e378eb2e"><enum>(5)</enum><header>Renewable fuel
pipeline</header><text>The term <quote>renewable fuel pipeline</quote> means a
common carrier pipeline for transporting renewable fuel.</text>
</paragraph></subsection><subsection id="IDf76a778e41da49c4b938cec14e1864b2"><enum>(b)</enum><header>Loan
guarantees</header>
<paragraph id="idE5625E2C3C3B4B4C95300B5D5B4E2C83"><enum>(1)</enum><header>In
general</header><text>The Secretary shall make guarantees under this section
for projects that provide for the construction of new renewable fuel
pipelines.</text>
</paragraph><paragraph id="ID56c33eefba384e82ac1c85be21aa3eb7"><enum>(2)</enum><header>Eligibility</header><text>In
determining the eligibility of a project for a guarantee under this section,
the Secretary shall consider—</text>
<subparagraph id="IDf2de893ff8dd4cebabe9db435ffabf05"><enum>(A)</enum><text>the volume of
renewable fuel to be moved by the renewable fuel pipeline;</text>
</subparagraph><subparagraph id="ID0acb2634f6c94ea1b2891af3ceae8457"><enum>(B)</enum><text>the size of the
markets to be served by the renewable fuel pipeline;</text>
</subparagraph><subparagraph id="ID10c7ba0067e2407583174ed82ffc66ef"><enum>(C)</enum><text>the existence of
sufficient storage to facilitate access to the markets served by the renewable
fuel pipeline;</text>
</subparagraph><subparagraph id="IDb27fbfe96b4c4648915b35dea64cfb5d"><enum>(D)</enum><text>the proximity of
the renewable fuel pipeline to ethanol production facilities;</text>
</subparagraph><subparagraph id="ID9e58dd6a14404b6aa5a731a9aa39fb05"><enum>(E)</enum><text>the investment of
the entity carrying out the proposed project in terminal infrastructure;</text>
</subparagraph><subparagraph id="id70A3C83CE3C74A55B1CE68CD3AB91085"><enum>(F)</enum><text>the experience of
the entity carrying out the proposed project in working with renewable
fuels;</text>
</subparagraph><subparagraph id="ID23b671ee7e774cb2a9347a969416f640"><enum>(G)</enum><text>the ability of
the entity carrying out the proposed project to maintain the quality of the
renewable fuel through—</text>
<clause id="id9B2A4AFE37E44683990A10A409548A0C"><enum>(i)</enum><text>the
terminal system of the entity; and</text>
</clause><clause id="id8E9481930C8C4238BBE426C5C4052B59"><enum>(ii)</enum><text>the dedicated
pipeline system;</text>
</clause></subparagraph><subparagraph id="IDa61d49e6690e4f85904ebd99907ff527"><enum>(H)</enum><text>the ability of
the entity carrying out the proposed project to complete the project in a
timely manner; and</text>
</subparagraph><subparagraph id="ID885b889af0344f159487922e04a8e6e5"><enum>(I)</enum><text>the ability of
the entity carrying out the proposed project to secure property rights-of-way
in order to move the proposed project forward in a timely manner.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDd014c2ed2638461bad91ec2eb8898844"><enum>(3)</enum><header>Amount</header><text>Unless
otherwise provided by law, a guarantee by the Secretary under this section
shall not exceed an amount equal to 90 percent of the eligible project cost of
the renewable fuel pipeline that is the subject of the guarantee, as estimated
at the time at which the guarantee is issued or subsequently modified while the
eligible project is under construction.</text>
</paragraph><paragraph id="id9E563EA0FFA2483E8885ED9AFF5E7C50"><enum>(4)</enum><header>Terms and
conditions</header><text>Guarantees under this section shall be provided in
accordance with section 1702 of the Energy Policy Act of 2005 (42 U.S.C.
16512), except that subsections (b) and (c) of that section shall not apply to
guarantees under this section.</text>
</paragraph><paragraph id="IDc7b26a7201d042d1b7c3180de85caf35"><enum>(5)</enum><header>Existing
funding authority</header><text>The Secretary shall make a guarantee under this
section under an existing funding authority.</text>
</paragraph><paragraph id="id05FC614EFD6945A58292CE8A06A3EADD"><enum>(6)</enum><header>Final
rule</header><text>Not later than 90 days after the date of enactment of this
Act, the Secretary shall publish in the Federal Register a final rule directing
the Director of the Department of Energy Loan Guarantee Program Office to
initiate the loan guarantee program under this section in accordance with this
section.</text>
</paragraph></subsection><subsection id="IDcf733c01cd0c4d158980b5e87311090a"><enum>(c)</enum><header>Funding</header>
<paragraph id="id2D2EEC6A549D457EBD398EA7D19B4F55"><enum>(1)</enum><header>In
general</header><text>There are authorized to be appropriated such sums as are
necessary to provide $4,000,000,000 in guarantees under this section.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDe158d3061fcd46b39b72612f59ca7865"><enum>(2)</enum><header>Use of other
appropriated funds</header><text>To the extent that the amounts made available
under title XVII of the Energy Policy Act of 2005 (42 U.S.C. 16511 et seq.)
have not been disbursed to programs under that title, the Secretary may use the
amounts to carry out this section.</text>
</paragraph></subsection></section></subtitle><subtitle id="idF23B474D528943BC8BDF70EE7B9A8567"><enum>B</enum><header>Clean
coal-derived fuels for energy security</header>
<section id="IDf837bd33c3ac4202a3a6e6c6188b2f76"><enum>211.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="ID7e35dd46ee094871908b70b0740d1dfa"><enum>(1)</enum><header>Clean
coal-derived fuel</header>
<subparagraph id="ID02e9ce290d0945899edb25246d7d5a38"><enum>(A)</enum><header>In
general</header><text>The term <term>clean coal-derived fuel</term> means
aviation fuel, motor vehicle fuel, home heating oil, or boiler fuel that
is—</text>
<clause id="IDa880430f495c420b982d450c32248806"><enum>(i)</enum><text>substantially
derived from the coal resources of the United States; and</text>
</clause><clause id="ID6c760e7a541b4523a2028a1bb31e4052"><enum>(ii)</enum><text>refined or
otherwise processed at a facility located in the United States that
captures—</text>
<subclause id="id5C0B2F11CBD04D62B1DBD858D8986A34"><enum>(I)</enum><text>at least 50
percent of the carbon dioxide emissions that would otherwise be released at the
facility; or</text>
</subclause><subclause id="idC3C48233C3754B70AF434D28A3DB0746"><enum>(II)</enum><text>if the Secretary
determines that it is commercially feasible to capture a higher percentage of
carbon dioxide emissions, a percentage equal to or greater than the percentage
of carbon dioxide emissions determined by the Secretary to be commercially
feasible of being captured.</text>
</subclause></clause></subparagraph><subparagraph id="ID40e2d874bc204ef987c39b9adc9319d9"><enum>(B)</enum><header>Inclusions</header><text>The
term <term>clean coal-derived fuel</term> may include any other resource that
is extracted, grown, produced, or recovered in the United States.</text>
</subparagraph></paragraph><paragraph id="ID055dfd22dd76491a894cc2b366938aae"><enum>(2)</enum><header>Covered
fuel</header><text>The term <term>covered fuel</term> means—</text>
<subparagraph id="IDa247a9e633534ef69b105ddcb5e8f65e"><enum>(A)</enum><text>aviation
fuel;</text>
</subparagraph><subparagraph id="ID808d549846504556bc4b106189c7fc00"><enum>(B)</enum><text>motor vehicle
fuel;</text>
</subparagraph><subparagraph id="ID3e85e539c1a24b0c960db71e5d29ffb0"><enum>(C)</enum><text>home heating oil;
and</text>
</subparagraph><subparagraph id="IDe260928fd7b147489ba8ba6af9bdd7df"><enum>(D)</enum><text>boiler
fuel.</text>
</subparagraph></paragraph><paragraph id="IDea9a676c1aa543f2957082e5ee99d6d3"><enum>(3)</enum><header>Small
refinery</header><text>The term <term>small refinery</term> means a refinery
for which the average aggregate daily crude oil throughput for a calendar year
(as determined by dividing the aggregate throughput for the calendar year by
the number of days in the calendar year) does not exceed 75,000 barrels.</text>
</paragraph></section><section id="ID9534d70a15ae41169c3176075c70fa11"><enum>212.</enum><header>Clean
coal-derived fuel program</header>
<subsection id="IDe027497a4b2a47d696309ec78bcf362f"><enum>(a)</enum><header>Program</header>
<paragraph id="IDc65a18bc44eb42b7805a9b93520f8a8f"><enum>(1)</enum><header>In
general</header><text>Not later than 1 year after the date of enactment of this
Act, the President shall promulgate regulations to ensure that covered fuel
sold or introduced into commerce in the United States (except in noncontiguous
States or territories), on an annual average basis, contains the applicable
volume of clean coal-derived fuel determined in accordance with paragraph
(4).</text>
</paragraph><paragraph id="ID5b76dff524e6489e92ecfb7ec89571c6"><enum>(2)</enum><header>Provisions of
regulations</header><text>Regardless of the date of promulgation, the
regulations promulgated under paragraph (1)—</text>
<subparagraph id="IDdfb1ca37bd6a444e9d03a44ff71cedfa"><enum>(A)</enum><text>shall contain
compliance provisions applicable to refineries, blenders, distributors, and
importers, as appropriate, to ensure that—</text>
<clause id="ID90b6f78af1e0499c9a9aec3df515f28a"><enum>(i)</enum><text>the
requirements of this subsection are met; and</text>
</clause><clause id="ID18bff63a2a7b4a1cb851fb0eb4cbd098"><enum>(ii)</enum><text>clean
coal-derived fuels produced from facilities for the purpose of compliance with
this subtitle result in life cycle greenhouse gas emissions that are not
greater than gasoline; and</text>
</clause></subparagraph><subparagraph id="IDf315be5c158f4b6f987aa086eaf21b33"><enum>(B)</enum><text>shall not—</text>
<clause id="IDe45841f4b4044f6a9bbb1ff6464e991e"><enum>(i)</enum><text>restrict
geographic areas in the contiguous United States in which clean coal-derived
fuel may be used; or</text>
</clause><clause id="ID9d9466d3cb4d49869e9b11cd0ff8c66c"><enum>(ii)</enum><text>impose any
per-gallon obligation for the use of clean coal-derived fuel.</text>
</clause></subparagraph></paragraph><paragraph id="ID73def71028734d4c8a9fb3597f9714b8"><enum>(3)</enum><header>Relationship to
other regulations</header><text>Regulations promulgated under this paragraph
shall, to the maximum extent practicable, incorporate the program structure,
compliance and reporting requirements established under the final regulations
promulgated to implement the renewable fuel program established by the
amendment made by section 1501(a)(2) of the Energy Policy Act of 2005 (Public
Law 109–58; 119 Stat. 1067).</text>
</paragraph><paragraph id="IDa8683a2c4d174243b0748a38cef8d8c4"><enum>(4)</enum><header>Applicable
volume</header>
<subparagraph id="ID63496f175d90427f816e758e457196a1"><enum>(A)</enum><header>Calendar years
2015 through 2022</header><text>For the purpose of this subsection, the
applicable volume for any of calendar years 2015 through 2022 shall be
determined in accordance with the following table:</text>
<table align-to-level="section" blank-lines-before="1" colsep="1" frame="topbot" line-rules="hor-ver" rowsep="0" rule-weights="4.4.4.0.0.0" table-template-name="Generic: 2 text, even cols" table-type="">
<tgroup cols="2" grid-typeface="1.1" rowsep="0" thead-tbody-ldg-size="10.10.12"><colspec coldef="txt" colname="column1" colwidth="163pts" min-data-value="150" rowsep="0"></colspec><colspec coldef="txt-no-ldr" colname="column2" colwidth="329.25pt" min-data-value="150" rowsep="0"></colspec>
<thead>
<row><entry align="center" colname="column1" morerows="0" namest="column1" rowsep="1">Calendar year:</entry><entry align="center" colname="column2" morerows="0" namest="column2" rowsep="1">Applicable volume of clean
coal-derived fuel<linebreak></linebreak> (in billions of gallons)</entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">2015</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0">.075</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">2016</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0">1.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">2017</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0">2.25</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">2018</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0">3.00</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">2019</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0">3.75</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">2020</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0">4.5</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">2021</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0">5.25</entry>
</row>
<row><entry align="left" colname="column1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">2022</entry><entry colname="column2" leader-modify="clr-ldr" rowsep="0">6.0</entry>
</row>
</tbody>
</tgroup>
</table>
</subparagraph><subparagraph id="IDf98e099f734f4b36aaceb2bea77ff779"><enum>(B)</enum><header>Calendar year
2023 and thereafter</header><text>Subject to subparagraph (C), for the purposes
of this subsection, the applicable volume for calendar year 2023 and each
calendar year thereafter shall be determined by the President, in coordination
with the Secretary and the Administrator of the Environmental Protection
Agency, based on a review of the implementation of the program during calendar
years 2015 through 2022, including a review of—</text>
<clause id="ID84370824e6bd46cc8a2da6728fac58ea"><enum>(i)</enum><text>the
impact of clean coal-derived fuels on the energy security of the United
States;</text>
</clause><clause id="IDa2893023c317455580a6c52d13043eed"><enum>(ii)</enum><text>the expected
annual rate of future production of clean coal-derived fuels; and</text>
</clause><clause id="ID3187c641e89a403aa5b0a6d52e835b1a"><enum>(iii)</enum><text>the impact of
the use of clean coal-derived fuels on other factors, including job creation,
rural economic development, and the environment.</text>
</clause></subparagraph><subparagraph id="IDb08d0c823d3e4415b8d35fbdd7b6828a"><enum>(C)</enum><header>Minimum
applicable volume</header><text>For the purpose of this subsection, the
applicable volume for calendar year 2023 and each calendar year thereafter
shall be equal to the product obtained by multiplying—</text>
<clause id="ID6d86d726d30e42d68d82bab02aa77281"><enum>(i)</enum><text>the
number of gallons of covered fuel that the President estimates will be sold or
introduced into commerce in the calendar year; and</text>
</clause><clause id="ID543aac99c33a4be4a9fbd850a71545e2"><enum>(ii)</enum><text>the ratio
that—</text>
<subclause id="ID609156370b0a497e8a3e70dca9273931"><enum>(I)</enum><text>6,000,000,000
gallons of clean coal-derived fuel; bears to</text>
</subclause><subclause id="ID6aa7efdd177e41b6a8e18d8305de1534"><enum>(II)</enum><text>the number of
gallons of covered fuel sold or introduced into commerce in calendar year
2022.</text>
</subclause></clause></subparagraph></paragraph></subsection><subsection id="ID8904c6bcf8e14bfc8fd3bbb17c29f19b"><enum>(b)</enum><header>Applicable
percentages</header>
<paragraph id="IDf847068a7e77427091eaa4cc9b3847a2"><enum>(1)</enum><header>Provision of
estimate of volumes of certain fuel sales</header><text>Not later than October
31 of each of calendar years 2015 through 2021, the Administrator of the Energy
Information Administration shall provide to the President an estimate, with
respect to the following calendar year, of the volumes of covered fuel
projected to be sold or introduced into commerce in the United States.</text>
</paragraph><paragraph id="ID8e19fb17975d407c996bbb0e08c317df"><enum>(2)</enum><header>Determination
of applicable percentages</header>
<subparagraph id="IDa7ebd34c26044de494a3e857456f3b17"><enum>(A)</enum><header>In
general</header><text>Not later than November 30 of each of calendar years 2015
through 2022, based on the estimate provided under paragraph (1), the President
shall determine and publish in the Federal Register, with respect to the
following calendar year, the clean coal-derived fuel obligation that ensures
that the requirements of subsection (a) are met.</text>
</subparagraph><subparagraph id="IDfa77fb9902cd441b81037125dd2a19e5"><enum>(B)</enum><header>Required
elements</header><text>The clean coal-derived fuel obligation determined for a
calendar year under subparagraph (A) shall—</text>
<clause id="IDa742dcbe489d494d82d58469691cef34"><enum>(i)</enum><text>be
applicable to refineries, blenders, and importers, as appropriate;</text>
</clause><clause id="ID051de0159bbd4a19a84d78183f34a6ec"><enum>(ii)</enum><text>be
expressed in terms of a volume percentage of covered fuel sold or introduced
into commerce in the United States; and</text>
</clause><clause id="ID7127e90aac554e8091041da2e498a3af"><enum>(iii)</enum><text>subject to
paragraph (3)(A), consist of a single applicable percentage that applies to all
categories of persons specified in clause (i).</text>
</clause></subparagraph></paragraph><paragraph id="ID176b66a21c5145d79777c4d9ad256061"><enum>(3)</enum><header>Adjustments</header><text>In
determining the applicable percentage for a calendar year, the President shall
make adjustments—</text>
<subparagraph id="ID0a5c64dcaded4cde9a37cccc8bc7e677"><enum>(A)</enum><text>to prevent the
imposition of redundant obligations on any person specified in paragraph
(2)(B)(i); and</text>
</subparagraph><subparagraph id="ID6ad3575599e740f5b2e562840444818c"><enum>(B)</enum><text>to account for
the use of clean coal-derived fuel during the previous calendar year by small
refineries that are exempt under subsection (f).</text>
</subparagraph></paragraph></subsection><subsection id="ID6cbc9ec14a984eca92e5e89743956ec7"><enum>(c)</enum><header>Volume
conversion factors for clean coal-derived fuels based on energy
content</header>
<paragraph id="ID2be573873aa842a78ebdbaf49869dca2"><enum>(1)</enum><header>In
general</header><text>For the purpose of subsection (a), the President shall
assign values to specific types of clean coal-derived fuel for the purpose of
satisfying the fuel volume requirements of subsection (a)(4) in accordance with
this subsection.</text>
</paragraph><paragraph id="ID7788548a75714a6eb5f6c5c2d409c8ea"><enum>(2)</enum><header>Energy content
relative to diesel fuel</header><text>For clean coal-derived fuels, 1 gallon of
the clean coal-derived fuel shall be considered to be the equivalent of 1
gallon of diesel fuel multiplied by the ratio that—</text>
<subparagraph id="IDb03a1472a2b144168e5888468a83878a"><enum>(A)</enum><text>the number of
British thermal units of energy produced by the combustion of 1 gallon of the
clean coal-derived fuel (as measured under conditions determined by the
Secretary); bears to</text>
</subparagraph><subparagraph id="IDa05f724ff20c4f74ae2f2a8af1c2989d"><enum>(B)</enum><text>the number of
British thermal units of energy produced by the combustion of 1 gallon of
diesel fuel (as measured under conditions determined by the Secretary to be
comparable to conditions described in subparagraph (A)).</text>
</subparagraph></paragraph></subsection><subsection id="IDeac1b36b622140aab2069a196a7ee884"><enum>(d)</enum><header>Credit
program</header>
<paragraph id="IDb653661dbd574a8ba6d3c43d6c5a287d"><enum>(1)</enum><header>In
general</header><text>The President, in consultation with the Secretary and the
Administrator of the Environmental Protection Agency, shall implement a credit
program to manage the clean coal-derived fuel requirement of this section in a
manner consistent with the credit program established by the amendment made by
section 1501(a)(2) of the Energy Policy Act of 2005 (Public Law 109–58; 119
Stat. 1067).</text>
</paragraph><paragraph id="ID76ed4bb7cc5c43b189af580586194770"><enum>(2)</enum><header>Market
transparency</header><text>In carrying out the credit program under this
subsection, the President shall facilitate price transparency in markets for
the sale and trade of credits, with due regard for the public interest, the
integrity of those markets, fair competition, and the protection of
consumers.</text>
</paragraph></subsection><subsection id="IDdb01181ea32f4ac78137e8ac2ae23d3c"><enum>(e)</enum><header>Waivers</header>
<paragraph id="ID731912f36dc9466e8a351359bc30c278"><enum>(1)</enum><header>In
general</header><text>The President, in consultation with the Secretary and the
Administrator of the Environmental Protection Agency, may waive the
requirements of subsection (a) in whole or in part on petition by 1 or more
States by reducing the national quantity of clean coal-derived fuel required
under subsection (a), based on a determination by the President (after public
notice and opportunity for comment), that—</text>
<subparagraph id="ID5aefd58cbaed4b7f8a870c3a6f079dc3"><enum>(A)</enum><text>implementation of
the requirement would severely harm the economy or environment of a State, a
region, or the United States; or</text>
</subparagraph><subparagraph id="ID8000f81cd6cb4456b2be3160bacaaccd"><enum>(B)</enum><text>extreme and
unusual circumstances exist that prevent distribution of an adequate supply of
domestically-produced clean coal-derived fuel to consumers in the United
States.</text>
</subparagraph></paragraph><paragraph id="ID4f083009a03144f9bcee0cf5ea4b6c30"><enum>(2)</enum><header>Petitions for
waivers</header><text>The President, in consultation with the Secretary and the
Administrator of the Environmental Protection Agency, shall approve or
disapprove a State petition for a waiver of the requirements of subsection (a)
within 90 days after the date on which the petition is received by the
President.</text>
</paragraph><paragraph id="IDe9210d510e1c48c384244994facd7f2b"><enum>(3)</enum><header>Termination of
waivers</header><text>A waiver granted under paragraph (1) shall terminate
after 1 year, but may be renewed by the President after consultation with the
Secretary and the Administrator of the Environmental Protection Agency.</text>
</paragraph></subsection><subsection id="IDb3fcb493ab714240ba88642de2f2e210"><enum>(f)</enum><header>Small
refineries</header>
<paragraph id="IDdc7093417f7c4edfa36df9adc7487f7a"><enum>(1)</enum><header>Temporary
exemption</header>
<subparagraph id="IDb26ac8e69fcb427d9883af110b65638c"><enum>(A)</enum><header>In
general</header><text>The requirements of subsection (a) shall not apply to
small refineries until calendar year 2018.</text>
</subparagraph><subparagraph id="ID72f70892399f4ae6b7cc24ce72de33f6"><enum>(B)</enum><header>Extension of
exemption</header>
<clause id="IDa96a6a535cb24a7bbce67c01ca30ca9b"><enum>(i)</enum><header>Study by
Secretary</header><text>Not later than December 31, 2013, the Secretary shall
submit to the President and Congress a report describing the results of a study
to determine whether compliance with the requirements of subsection (a) would
impose a disproportionate economic hardship on small refineries.</text>
</clause><clause id="ID8cf1145b81aa423a816f0a03da6a6c2a"><enum>(ii)</enum><header>Extension of
exemption</header><text>In the case of a small refinery that the Secretary
determines under clause (i) would be subject to a disproportionate economic
hardship if required to comply with subsection (a), the President shall extend
the exemption under subparagraph (A) for the small refinery for a period of not
less than 2 additional years.</text>
</clause></subparagraph></paragraph><paragraph id="ID0742f2a6eddf46a396140e0228f4ecaa"><enum>(2)</enum><header>Petitions based
on disproportionate economic hardship</header>
<subparagraph id="ID04f07eabe7314e35ababcd54f6f46a92"><enum>(A)</enum><header>Extension of
exemption</header><text>A small refinery may at any time petition the President
for an extension of the exemption under paragraph (1) for the reason of
disproportionate economic hardship.</text>
</subparagraph><subparagraph id="ID68a8f06bd5f643c184f85b3d7415f21a"><enum>(B)</enum><header>Evaluation of
petitions</header><text>In evaluating a petition under subparagraph (A), the
President, in consultation with the Secretary, shall consider the findings of
the study under paragraph (1)(B) and other economic factors.</text>
</subparagraph><subparagraph id="IDec585a3148ca44979cfa5f3a04816d3a"><enum>(C)</enum><header>Deadline for
action on petitions</header><text>The President shall act on any petition
submitted by a small refinery for a hardship exemption not later than 90 days
after the date of receipt of the petition.</text>
</subparagraph></paragraph><paragraph id="IDf7f77619cde74e98b8fb1cf54cddcf42"><enum>(3)</enum><header>Opt-in for
small refineries</header><text>A small refinery shall be subject to the
requirements of subsection (a) if the small refinery notifies the President
that the small refinery waives the exemption under paragraph (1).</text>
</paragraph></subsection><subsection id="ID19621a4caae24e27b55ea01e37cda5f9"><enum>(g)</enum><header>Penalties and
enforcement</header>
<paragraph id="ID75002c698b3641af83ac7a84cd5e9a6c"><enum>(1)</enum><header>Civil
penalties</header>
<subparagraph id="ID90953cb4155342f49d4f8207f2c6f193"><enum>(A)</enum><header>In
general</header><text>Any person that violates a regulation promulgated under
subsection (a), or that fails to furnish any information required under such a
regulation, shall be liable to the United States for a civil penalty of not
more than the total of—</text>
<clause id="ID3a38af66e499454f904243ac77e575a0"><enum>(i)</enum><text>$25,000 for each
day of the violation; and</text>
</clause><clause id="IDdfa8fd8445824765845bdd5a59dce84b"><enum>(ii)</enum><text>the amount of
economic benefit or savings received by the person resulting from the
violation, as determined by the President.</text>
</clause></subparagraph><subparagraph id="IDd470a0b805484e23a0f4cccb9290c552"><enum>(B)</enum><header>Collection</header><text>Civil
penalties under subparagraph (A) shall be assessed by, and collected in a civil
action brought by, the Secretary or such other officer of the United States as
is designated by the President.</text>
</subparagraph></paragraph><paragraph id="ID54536061dc31430f98cc469b029c8760"><enum>(2)</enum><header>Injunctive
authority</header>
<subparagraph id="ID91aa30e5a192476b9627de5ad34dfad4"><enum>(A)</enum><header>In
general</header><text>The district courts of the United States shall have
jurisdiction to—</text>
<clause id="ID8aa5c26f1e0c4229bac5e3ed4a1529c3"><enum>(i)</enum><text>restrain a
violation of a regulation promulgated under subsection (a);</text>
</clause><clause id="ID38de0368c90b473da7426e7fee3411f1"><enum>(ii)</enum><text>award other
appropriate relief; and</text>
</clause><clause id="ID0965ff13876a4a7799dfeda49dd214a9"><enum>(iii)</enum><text>compel the
furnishing of information required under the regulation.</text>
</clause></subparagraph><subparagraph id="ID3e0e84af974a4c2eb98ac5f56f8dccb7"><enum>(B)</enum><header>Actions</header><text>An
action to restrain such violations and compel such actions shall be brought by
and in the name of the United States.</text>
</subparagraph><subparagraph id="ID670fa3f1415c401ea04ec8e0982e31ab"><enum>(C)</enum><header>Subpoenas</header><text>In
the action, a subpoena for a witness who is required to attend a district court
in any district may apply in any other district.</text>
</subparagraph></paragraph></subsection><subsection id="IDcb8132bd1580490abc860ed6ee8d5782"><enum>(h)</enum><header>Effective
date</header><text>Except as otherwise specifically provided in this section,
this section takes effect on January 1, 2016.</text>
</subsection></section></subtitle><subtitle id="idF2C72612127E4954807BC7737ECD86E3"><enum>C</enum><header>Nuclear
Energy</header>
<section id="idE05D7F07982F45CAAE0345C178378945" section-type="subsequent-section"><enum>221.</enum><header>Incentives for
innovative technologies</header>
<subsection id="IDdf865382c2d945c38cabf66db58c3170"><enum>(a)</enum><header>Definition of
project cost</header><text>Section 1701 of the Energy Policy Act of 2005 (42
U.S.C. 16511) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id467A31AD53E742AE9273DE6763FCA7BB" style="OLC">
<paragraph id="IDfd3b5a5de5d7449fbcffc54c00009dd5"><enum>(6)</enum><header>Project
cost</header>
<subparagraph id="id72E09133ECB34112ADCC8111CC989D9B"><enum>(A)</enum><header>In
general</header><text>The term <term>project cost</term> means any cost
associated with the development, planning, design, engineering, permitting and
licensing, construction, commissioning, start-up, shakedown, and financing of a
facility.</text>
</subparagraph><subparagraph id="id4C80928F45E34954BC1F43C03E47188A"><enum>(B)</enum><header>Inclusions</header><text>The
term <term>project cost</term> includes—</text>
<clause id="idE8D6E89DF1074E1D9BA9D986F4D09E11"><enum>(i)</enum><text>reasonable
escalation and contingencies;</text>
</clause><clause id="id5E21D983970A470E92CEBBFD262BBBC1"><enum>(ii)</enum><text>the cost of and
fees for a guarantee;</text>
</clause><clause id="id9E2E87E1C27C4E81907DD859081ECC72"><enum>(iii)</enum><text>reasonably
required reserve funds;</text>
</clause><clause id="id1D76FF4E7802460D938E62959BEF3CC7"><enum>(iv)</enum><text>initial working
capital; and</text>
</clause><clause id="idBBB07372D49B49CDA80149069EAA3EDD"><enum>(v)</enum><text>interest accrued
during
construction.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID631dd74fb52f41899cf12a6ef2301357"><enum>(b)</enum><header>Terms and
conditions; amount</header><text>Section 1702 of the Energy Policy Act of 2005
(42 U.S.C. 16512) is amended by striking subsections (b) and (c) and inserting
the following:</text>
<quoted-block display-inline="no-display-inline" id="id5C5D79167764458B98BA98BB06EC3BD1" style="OLC">
<subsection id="IDd29798bef11749b1abc18bb47b24bc7e"><enum>(b)</enum><header>Specific
appropriation or contribution</header>
<paragraph id="IDca74e4f51c404cf1b5445cb60e8b45a5"><enum>(1)</enum><header>In
general</header><text>No guarantee shall be made unless—</text>
<subparagraph id="ID06767e00c74b4150a59eb9703a50ec8b"><enum>(A)</enum><text>the Secretary has
received from the borrower and deposited in the Treasury a payment in full for
the cost of the obligation;</text>
</subparagraph><subparagraph id="ID18ff08ac12d1463e900a1799dde4c0cc"><enum>(B)</enum><text>an appropriation
for the cost has been made in lieu of a payment being made; or</text>
</subparagraph><subparagraph id="IDbb2929fa4b3349059fdecbc7967aa459"><enum>(C)</enum><text>a combination of
actions described in subparagraphs (A) and (B) has been carried out such that,
when combined, the actions are sufficient to cover the cost of the
obligation.</text>
</subparagraph></paragraph><paragraph id="IDfabd232a4e244341b8cf5d12357fa8e9"><enum>(2)</enum><header>Relation to
other laws</header><text>Section 504(b) of the Federal Credit Reform Act of
1990 (2 U.S.C. 661c(b)) shall not apply to a loan guarantee made in accordance
with paragraph (1)(B).</text>
</paragraph></subsection><subsection id="IDabff9680a0094b6d94d887ecc9f0e7c6"><enum>(c)</enum><header>Amount</header><text>–</text>
<paragraph id="IDda5250a7739e4555812dd3bb0826b442"><enum>(1)</enum><header>In
general</header><text>Subject to paragraph (2), the Secretary shall guarantee
100 percent of the obligation for a facility that is the subject of the
guarantee, or a lesser amount if requested by the borrower.</text>
</paragraph><paragraph id="ID8eb113e87a4f4c46a8ef872a7157a523"><enum>(2)</enum><header>Limitation</header><text>The
total amount of loans guaranteed for a facility by the Secretary shall not
exceed 80 percent of the total cost of the facility, as estimated at the time
at which the guarantee is
issued.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID3c8c05524df342d1ac79eec595726550"><enum>(c)</enum><header>Fees</header><text>Section
1702(h) of the Energy Policy Act of 2005 (42 U.S.C. 16512(h)) is amended by
striking paragraph (2) and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="idF8CAF7E755A84E0AB9F5039B360FD4CA" style="OLC">
<paragraph id="IDe62ebf69680143cfab70db23c185986c"><enum>(2)</enum><header>Availability</header><text>Fees
collected under this subsection shall—</text>
<subparagraph id="ID1b8480f270484fcc8119bba86b5b6b99"><enum>(A)</enum><text>be deposited by
the Secretary into a special fund in the Treasury, to be known as the
<quote>Incentives For Innovative Technologies Fund</quote>; and</text>
</subparagraph><subparagraph id="ID7f754d1dece6449491e1f1b85a552462"><enum>(B)</enum><text>remain available
to the Secretary for expenditure, without further appropriation or fiscal year
limitation, for administrative expenses incurred in carrying out this
title.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="IDa2a54c6e02f34eeb938494e9b7fae752"><enum>(d)</enum><header>Report to
Congress</header><text>Section 1702 of the Energy Policy Act of 2005 (42 U.S.C.
16512) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idB968A36704BF4A7BA4CA7CF6DD67FD31" style="OLC">
<subsection id="idDC32D876705E4D6EBF71610ABC353DFA"><enum>(k)</enum><header>Report to
Congress</header>
<paragraph id="id9E9C11C5BFBC40E5A8D864047681D669"><enum>(1)</enum><header>In
general</header><text>Not later than 1 year after the date of enactment of this
subsection and annually thereafter, the Secretary shall submit to Congress a
report that summarizes the applications for loan guarantees received, loan
guarantees approved and rejected, and justifications for rejections of loan
guarantees, under this title.</text>
</paragraph><paragraph id="ID7e60b553566d4d64b27c8efcd9365400"><enum>(2)</enum><header>Termination of
authority</header><text>Beginning with fiscal year 2018, the Secretary shall
provide, in the annual report submitted for each fiscal year under paragraph
(1), a recommendation on whether all or part of the loan guarantee program
under this title should be
terminated.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="IDe7d3313afa6a400da75b5df517d1c2e8"><enum>222.</enum><header>Authorization
for Nuclear Power 2010 Program</header><text display-inline="no-display-inline">Section 952 of the Energy Policy Act of 2005
(42 U.S.C. 16272) is amended by striking subsection (c) and inserting the
following:</text>
<quoted-block display-inline="no-display-inline" id="id3D6E2612C1894FEDBB4F713C18A8A597" style="OLC">
<subsection id="IDc815344cd3374de2866131a785221c09"><enum>(c)</enum><header>Nuclear Power
2010 Program</header>
<paragraph id="idB9B8FF82087E417A8BC547552D7C665C"><enum>(1)</enum><header>In
general</header><text>The Secretary shall carry out a Nuclear Power 2010
Program to position the United States to commence construction of new nuclear
power plants by not later than—</text>
<subparagraph id="id00FEA27D12B142B6B27E59333DFA12C0"><enum>(A)</enum><text>calendar year
2010; or</text>
</subparagraph><subparagraph id="idA18A19AE0DCD443F87203A8A517CFAB1"><enum>(B)</enum><text>such first
calendar year after calendar year 2010 as is practicable.</text>
</subparagraph></paragraph><paragraph id="IDb737f0bd16374fa5950eee4ec48a056b"><enum>(2)</enum><header>Scope of
program</header><text>The Nuclear Power 2010 Program shall support the
objectives of—</text>
<subparagraph id="IDd7a2201e4a6e4328a88120431897e24d"><enum>(A)</enum><text>demonstrating the
licensing process for new nuclear power plants, including the Nuclear
Regulatory Commission process for obtaining—</text>
<clause id="idA3939867A1CB473A9730E4827DB580B8"><enum>(i)</enum><text>early site
permits;</text>
</clause><clause id="id6E818C638DC34F4398883D5576DE6D29"><enum>(ii)</enum><text>combined
construction or operating licenses; and</text>
</clause><clause id="idC3446135D5E14241AA74D884F6276F7A"><enum>(iii)</enum><text>design
certifications; and</text>
</clause></subparagraph><subparagraph id="IDb88c79a8452543c1b5a18e9d6598c369"><enum>(B)</enum><text>conducting
first-of-a-kind design and engineering work on at least 2 advanced nuclear
reactor designs sufficient to bring those designs to a state of design
completion sufficient to allow development of firm cost estimates.</text>
</subparagraph></paragraph><paragraph id="idBD2DA5D4595F4FF28C2879C097B2CD40"><enum>(3)</enum><header>Cost-sharing</header><text>The
Nuclear Power 2010 Program shall be carried out through the use of cost-sharing
with the private sector.</text>
</paragraph><paragraph id="ID0531b1b350b4448f92841524bf63eb2b"><enum>(4)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated to the
Secretary to carry out the Nuclear Power 2010 Program—</text>
<subparagraph id="id0E822E5E0BB04CF0844B643098CCE601"><enum>(A)</enum><text>$182,800,000 for
fiscal year 2009;</text>
</subparagraph><subparagraph id="IDba46e4db8c824b66a474c4fda901ffb9"><enum>(B)</enum><text>$159,600,000 for
fiscal year 2010;</text>
</subparagraph><subparagraph id="IDa508d6be6ec449c38e569f002bd7df4a"><enum>(C)</enum><text>$135,600,000 for
fiscal year 2011;</text>
</subparagraph><subparagraph id="ID3ff589aab258437fb6f781fdab5f6621"><enum>(D)</enum><text>$46,900,000 for
fiscal year 2012; and</text>
</subparagraph><subparagraph id="ID9ee9d383ac3f47e592ee4df5df0a463c"><enum>(E)</enum><text>$2,200,000 for
fiscal year
2013.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="ID2eb96eb029de43f78550e4f3e3b44186"><enum>223.</enum><header>Domestic
manufacturing base for nuclear components and equipment</header>
<subsection id="ID28bceab457d64c03b1b3eb52a4f3cd2c"><enum>(a)</enum><header>Establishment
of Interagency Working Group</header>
<paragraph id="IDce7eae5b148a46699c0c568c315f5f4a"><enum>(1)</enum><header>Purposes</header><text>The
purposes of this section are—</text>
<subparagraph id="ID1f23e710146042d8b534a111c1e9616f"><enum>(A)</enum><text>to increase the
competitiveness of the United States nuclear energy products and services
industries;</text>
</subparagraph><subparagraph id="ID3e74b9b081754b5fa379b503afad1c4c"><enum>(B)</enum><text>to identify the
stimulus or incentives necessary to cause United States manufacturers of
nuclear energy products to expand manufacturing capacity;</text>
</subparagraph><subparagraph id="IDb07f3b48dde54ff3b7c95189782b330a"><enum>(C)</enum><text>to facilitate the
export of United States nuclear energy products and services;</text>
</subparagraph><subparagraph id="ID0bd47c6eb6a248d8ae83261402e15c37"><enum>(D)</enum><text>to reduce the
trade deficit of the United States through the export of United States nuclear
energy products and services;</text>
</subparagraph><subparagraph id="ID3879df04e47e495d8015e0f68c1c17e4"><enum>(E)</enum><text>to retain and
create nuclear energy manufacturing and related service jobs in the United
States;</text>
</subparagraph><subparagraph id="ID6d50159bb0494e2aaa113680e75b188a"><enum>(F)</enum><text>to integrate the
objectives described in subparagraphs (A) through (E), in a manner consistent
with the interests of the United States, into the foreign policy of the United
States; and</text>
</subparagraph><subparagraph id="ID73efa36596c54d848f7800b8cc7a3ab1"><enum>(G)</enum><text>to authorize
funds for increasing United States capacity to manufacture nuclear energy
products and supply nuclear energy services.</text>
</subparagraph></paragraph><paragraph id="ID3f6071fb13144bf396333796c72205bb"><enum>(2)</enum><header>Establishment</header>
<subparagraph id="IDa29ca29aade145188b557890e290079e"><enum>(A)</enum><header>In
general</header><text>There is established an interagency working group
(referred to in this section as the <term>Working Group</term>) that, in
consultation with representative industry organizations and manufacturers of
nuclear energy products, shall make recommendations to coordinate the actions
and programs of the Federal Government in order to promote increasing domestic
manufacturing capacity and export of domestic nuclear energy products and
services.</text>
</subparagraph><subparagraph id="IDf03252b7685e4cc992219bb8ab78284c"><enum>(B)</enum><header>Composition</header><text>The
Working Group shall be composed of—</text>
<clause id="id878992AB5E914C0EBFF6749AE9EAD35D"><enum>(i)</enum><text>the
Secretary (or a designee), who shall serve as Chairperson of the Working Group;
and</text>
</clause><clause id="ID45cd1732efc540209eeb15499fb1cc00"><enum>(ii)</enum><text>representatives,
appointed by the head of each applicable agency or department, of—</text>
<subclause id="ID6c2762190ab24ddeb30a4ba8b1b73fbe"><enum>(I)</enum><text>the Department of
Energy;</text>
</subclause><subclause id="ID7a8e7af83e7f41839d7a47d00faf2829"><enum>(II)</enum><text>the Department
of Commerce;</text>
</subclause><subclause id="ID044bbbb02aef41a5b4cf34ae528fe77c"><enum>(III)</enum><text>the Department
of Defense;</text>
</subclause><subclause id="ID4b9710fbeaae42f2b83d436f3784c5d0"><enum>(IV)</enum><text>the Department
of Treasury;</text>
</subclause><subclause id="IDcc313ec8e0184859a4ad3a39468b8130"><enum>(V)</enum><text>the Department of
State;</text>
</subclause><subclause id="IDe11f1935ecd34d2fb481878b07559433"><enum>(VI)</enum><text>the
Environmental Protection Agency;</text>
</subclause><subclause id="ID8761773a22904214ac56fddb939da301"><enum>(VII)</enum><text>the United
States Agency for International Development;</text>
</subclause><subclause id="ID1c68203012124ad49aa0c9acea4a603d"><enum>(VIII)</enum><text>the
Export-Import Bank of the United States;</text>
</subclause><subclause id="IDe9344bc91cb049908b21daf046608e71"><enum>(IX)</enum><text>the Trade and
Development Agency;</text>
</subclause><subclause id="ID080b7076ec564b7182dd13e124ebc031"><enum>(X)</enum><text>the Small
Business Administration;</text>
</subclause><subclause id="ID5ec92175323041a2b19e7041fc5ad460"><enum>(XI)</enum><text>the Office of
the United States Trade Representative; and</text>
</subclause><subclause id="ID4832a1a78d6b411a80c1dac496028892"><enum>(XII)</enum><text>other Federal
agencies, as determined by the President.</text>
</subclause></clause></subparagraph></paragraph><paragraph id="ID535c37a7ef1744288eba1bbeeef50ac5"><enum>(3)</enum><header>Duties of
Working Group</header><text>The Working Group shall—</text>
<subparagraph id="IDcec0d17a7a024a7d9d889680bc4aa16f"><enum>(A)</enum><text>not later than
180 days after the date of enactment of this Act, identify the actions
necessary to promote the safe development and application in foreign countries
of nuclear energy products and services—</text>
<clause id="IDfe6031a66d754319b76b8f5eaf3f7f69"><enum>(i)</enum><text>to
increase electricity generation from nuclear energy sources through development
of new generation facilities;</text>
</clause><clause id="ID15ada5a5d0d444f093a7d20763060671"><enum>(ii)</enum><text>to
improve the efficiency, safety, and reliability of existing nuclear generating
facilities through modifications; and</text>
</clause><clause id="ID047fb1279a00476cb3c1a9e1900b37ad"><enum>(iii)</enum><text>enhance the
safe treatment, handling, storage, and disposal of used nuclear fuel;</text>
</clause></subparagraph><subparagraph id="ID684c30a3cb734a5c99b6b05a08f00178"><enum>(B)</enum><text>not later than
180 days after the date of enactment of this Act, identify—</text>
<clause id="id70AD43181F9F4B0D8E5265B39358B06C"><enum>(i)</enum><text>mechanisms
(including tax stimuli for investment, loans and loan guarantees, and grants)
necessary for United States companies to increase—</text>
<subclause id="id6068B8782EF044228BBA004C8A43E4D1"><enum>(I)</enum><text>the capacity of
the companies to produce or provide nuclear energy products and services;
and</text>
</subclause><subclause id="idD1A654549F1143F0A5C96C0406602D9D"><enum>(II)</enum><text>exports of
nuclear energy products and services; and</text>
</subclause></clause><clause id="id35FB8A95669A4C089AF98E99C7D2B658"><enum>(ii)</enum><text>administrative
or legislative initiatives that are necessary—</text>
<subclause id="IDf8a11c08adec49b6a80c61b21ca000ef"><enum>(I)</enum><text>to encourage
United States companies to increase the manufacturing capacity of the companies
for nuclear energy products;</text>
</subclause><subclause id="ID549d9d818b824cd8a56f4bb861364b05"><enum>(II)</enum><text>to provide
technical and financial assistance and support to small and mid-sized
businesses to establish quality assurance programs in accordance with domestic
and international nuclear quality assurance code requirements;</text>
</subclause><subclause id="ID36e6de59097c4344b2607969b69a923d"><enum>(III)</enum><text>to encourage,
through financial incentives, private sector capital investment to expand
manufacturing capacity; and</text>
</subclause><subclause id="IDa0618bb013b44c36a81d1e39fda3b999"><enum>(IV)</enum><text>to provide
technical assistance and financial incentives to small and mid-sized businesses
to develop the workforce necessary to increase manufacturing capacity and meet
domestic and international nuclear quality assurance code requirements;</text>
</subclause></clause></subparagraph><subparagraph id="ID23f8b40ca0be4cd597a5e03024e4d112"><enum>(C)</enum><text>not later than
270 days after the date of enactment of this Act, submit to Congress a report
that describes the findings of the Working Group under subparagraphs (A) and
(B), including recommendations for new legislative authority, as necessary;
and</text>
</subparagraph><subparagraph id="idFF6A642668F4468AA184A72B52715960"><enum>(D)</enum><text>encourage the
agencies represented by membership in the Working Group—</text>
<clause id="ID6e86fd5605f347bba4654291c3d7dccd"><enum>(i)</enum><text>to
provide technical training and education for international development
personnel and local users in other countries;</text>
</clause><clause id="ID9ebf22f9de9941daabc8aa44e0d4d9d1"><enum>(ii)</enum><text>to
provide financial and technical assistance to nonprofit institutions that
support the marketing and export efforts of domestic companies that provide
nuclear energy products and services;</text>
</clause><clause id="ID37a886c88e67452195601857e4a5282a"><enum>(iii)</enum><text>to develop
nuclear energy projects in foreign countries;</text>
</clause><clause id="IDb1ed846a1008485c8b84b1cae4eef19e"><enum>(iv)</enum><text>to
provide technical assistance and training materials to loan officers of the
World Bank, international lending institutions, commercial and energy attaches
at embassies of the United States, and other appropriate personnel in order to
provide information about nuclear energy products and services to foreign
governments or other potential project sponsors;</text>
</clause><clause id="ID5bc6d63d0af54ae798cccf81efaad70a"><enum>(v)</enum><text>to
support, through financial incentives, private sector efforts to commercialize
and export nuclear energy products and services in accordance with the subsidy
codes of the World Trade Organization; and</text>
</clause><clause id="IDa623f52110f9449ba29abf593f0f402a"><enum>(vi)</enum><text>to
augment budgets for trade and development programs in order to support
prefeasibility or feasibility studies for projects that use nuclear energy
products and services.</text>
</clause></subparagraph></paragraph><paragraph id="id23BB2EDFE2DC4E66895DAFD489E3BC03"><enum>(4)</enum><header>Personnel and
service matters</header><text>The Secretary and the heads of agencies
represented by membership in the Working Group shall detail such personnel and
furnish such services to the Working Group, with or without reimbursement, as
are necessary to carry out the functions of the Working Group.</text>
</paragraph><paragraph id="ID44742253c7644e718d33c37b4d9ed39d"><enum>(5)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to the
Secretary to carry out this subsection $20,000,000 for each of fiscal years
2009 and 2010.</text>
</paragraph></subsection><subsection id="ID2ae4afcd58114887af8c644548bb91a2"><enum>(b)</enum><header>Credit for
qualifying nuclear power manufacturing</header>
<paragraph id="ID676d472853184b09a09b8bf0eab1e229"><enum>(1)</enum><header>Credit for
qualifying nuclear power manufacturing</header><text>Subpart E of part IV of
subchapter A of chapter 1 of the Internal Revenue Code is amended by inserting
after section 48B the following new section:</text>
<quoted-block display-inline="no-display-inline" id="id5D802BDE8E5649CAB81BE5AC20BE75FE" style="OLC">
<section id="ID05cd2a5a9ae8414aab4d8cc24b71e497"><enum>48C.</enum><header>Qualifying
nuclear power manufacturing credit</header>
<subsection id="ID020f385264fb453cad058abc9e1d4ef8"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the qualifying nuclear power
manufacturing credit for any taxable year is an amount equal to 20 percent of
the qualified investment for such taxable year.</text>
</subsection><subsection id="IDd556f43cd96346509e21eb4de40a5f64"><enum>(b)</enum><header>Qualified
investment</header>
<paragraph id="ID3b32accf462541f7a788f69655f69810"><enum>(1)</enum><header>In
general</header><text>For purposes of subsection (a), the qualified investment
for any taxable year is the basis of eligible property placed in service by the
taxpayer during such taxable year—</text>
<subparagraph id="ID7d9dc5d545ff40f7978c0520ff77b933"><enum>(A)</enum><text>which is either
part of a qualifying nuclear power manufacturing project or is qualifying
nuclear power manufacturing equipment;</text>
</subparagraph><subparagraph id="ID88a25a5a79574b46b6704f426eb84358"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="id38A6DF0EBC6D4E96A33C11F0329A6CA8"><enum>(i)</enum><text>the construction,
reconstruction, or erection of which is completed by the taxpayer; or</text>
</clause><clause id="ID3acd98e17c974e9fb94dcd370646cad7" indent="up1"><enum>(ii)</enum><text>which is acquired by the taxpayer
if the original use of such property commences with the taxpayer;</text>
</clause></subparagraph><subparagraph id="ID99d3e01f28e049b79ef4e8d4905e4946"><enum>(C)</enum><text>with respect to
which depreciation (or amortization in lieu of depreciation) is allowable;
and</text>
</subparagraph><subparagraph id="IDdf2086f0e5f44050b94403e4c893e45a"><enum>(D)</enum><text>which is placed
in service on or before December 31, 2015.</text>
</subparagraph></paragraph><paragraph id="ID1507fd328446411e9b37659b35bb4dbd"><enum>(2)</enum><header>Special rule
for certain subsidized property</header><text>Rules similar to section 48(a)(4)
shall apply for purposes of this section.</text>
</paragraph><paragraph id="ID319a91d7849f4563864f7fcb3d43521b"><enum>(3)</enum><header>Certain
qualified progress expenditures rules made applicable</header><text>Rules
similar to the rules of subsections (c)(4) and (d) of section 46 (as in effect
on the day before the enactment of the Revenue Reconciliation Act of 1990)
shall apply for purposes of this section.</text>
</paragraph></subsection><subsection id="IDa38bf00b054d4e16aac7b4dc25ea67ba"><enum>(c)</enum><header>Definitions</header><text>For
purposes of this section:</text>
<paragraph id="IDa5d5aaa0d3be4ede9a9186396262a73c"><enum>(1)</enum><header>Qualifying
nuclear power manufacturing project</header><text>The term <term>qualifying
nuclear power manufacturing project</term> means any project which is designed
primarily to enable the taxpayer to produce or test equipment necessary for the
construction or operation of a nuclear power plant.</text>
</paragraph><paragraph id="IDe74ed659ef624013afdc0c91d8f127b8"><enum>(2)</enum><header>Qualifying
nuclear power manufacturing equipment</header><text>The term <term>qualifying
nuclear power manufacturing equipment</term> means machine tools and other
similar equipment, including computers and other peripheral equipment, acquired
or constructed primarily to enable the taxpayer to produce or test equipment
necessary for the construction or operation of a nuclear power plant.</text>
</paragraph><paragraph id="ID6f2541ac50f94d4ea18100a648801201"><enum>(3)</enum><header>Project</header><text>The
term <term>project</term> includes any building constructed to house qualifying
nuclear power manufacturing
equipment.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="ID6c577a8f5d554f138e3fa56833a23bbc"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="ID552f97991d4f4d83b7e936eb7244cfce"><enum>(A)</enum><header>Additional
investment credit</header><text>Section 46 of such Code is amended by—</text>
<clause id="ID654b1b3ca4204bb8ab95da7597db69e4"><enum>(i)</enum><text>striking
<quote>and</quote> at the end of paragraph (3);</text>
</clause><clause id="ID11470a37cc5b4bb893832af6252f6e80"><enum>(ii)</enum><text>striking the
period at the end of paragraph (4) and inserting <quote>, and</quote>;
and</text>
</clause><clause id="ID46b7a1cb98904076ba41d7a9f9318d1f"><enum>(iii)</enum><text>inserting after
paragraph (4) the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id4ADFA83F8FF24FB68858D6290BCB3F71" style="OLC">
<paragraph id="IDfb41a45cf3344f6c92be49f6ca1a3538"><enum>(5)</enum><text>the qualifying
nuclear power manufacturing
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</clause></subparagraph><subparagraph id="ID78d6a9acf3f04367bba7d028d240c3f7"><enum>(B)</enum><header>Application of
section 49</header><text>Subparagraph (C) of section 49(a)(1) of such Code is
amended by—</text>
<clause id="IDfb1a34d9b6b74b86a6203f2a1203852b"><enum>(i)</enum><text>striking
<quote>and</quote> at the end of clause (iii);</text>
</clause><clause id="IDdb2fc64943e845e6bfc4b235978513a5"><enum>(ii)</enum><text>striking the
period at the end of clause (iv) and inserting <quote>, and</quote>; and</text>
</clause><clause id="IDcbdf9cc9e7344aa1844172c9698ad19a"><enum>(iii)</enum><text>inserting after
clause (iv) the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="id295674C4E29E4942BCECC030F7E3BCBE" style="OLC">
<clause id="ID982397a32a8643c8b58746ac5536e6c1"><enum>(v)</enum><text>the basis of any
property which is part of a qualifying nuclear power equipment manufacturing
project under section
48C.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</clause></subparagraph><subparagraph id="ID97a898ab8d9547798d9e1369c9b19ec8"><enum>(C)</enum><header>Table of
sections</header><text>The table of sections for such subpart E is amended by
inserting after the item relating to section 48B the following new item:</text>
<quoted-block id="id99607eb7-8f33-48bc-9137-fdd669406465" style="OLC">
<toc>
<toc-entry idref="ID05cd2a5a9ae8414aab4d8cc24b71e497" level="section">Sec. 48C. Qualifying nuclear power manufacturing
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection><subsection commented="no" id="ID7bf16260365c40b18eedddb4af607538"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to
property—</text>
<paragraph commented="no" id="idA1A12ADCF34C415FAEBB62B157E323CA"><enum>(1)</enum><text>the construction,
reconstruction, or erection of which of began after the date of enactment of
this Act, or</text>
</paragraph><paragraph commented="no" id="ID82b248e4c96d44189928019579b90e69"><enum>(2)</enum><text>which was
acquired by the taxpayer on or after the date of enactment of this Act and not
pursuant to a binding contract which was in effect on the day prior to the date
of enactment.</text>
</paragraph></subsection></section><section id="IDa8296fe87c1f4e43ab3bdc8baca90721"><enum>224.</enum><header>Nuclear energy
workforce</header><text display-inline="no-display-inline">Section 1101 of the
Energy Policy Act of 2005 (42 U.S.C. 16411) is amended—</text>
<paragraph id="id8A65BB0BC60D42BCAC505E0F0EE91905"><enum>(1)</enum><text display-inline="yes-display-inline">by redesignating subsection (d) as
subsection (e); and</text>
</paragraph><paragraph id="id9D9E0008D3EA4AEC8A930676758765EA"><enum>(2)</enum><text display-inline="yes-display-inline">by inserting after subsection (c) the
following:</text>
<quoted-block display-inline="no-display-inline" id="id794CB0ECA3584135908CA0F8BA51B618" style="OLC">
<subsection id="ID3379bf36e869446aabb100afbcbbf0d4"><enum>(d)</enum><header>Workforce
training</header>
<paragraph id="ID868cbc0975ce4fbcb4fb493ee7f04910"><enum>(1)</enum><header>In
general</header><text>The Secretary of Labor, in cooperation with the Secretary
of Energy, shall promulgate regulations to implement a program to provide
workforce training to meet the high demand for workers skilled in the nuclear
utility and nuclear energy products and services industries.</text>
</paragraph><paragraph id="ID273a2ea6f51d4675b11a0938f33c5d54"><enum>(2)</enum><header>Consultation</header><text>In
carrying out this subsection, the Secretary of Labor shall consult with
representatives of the nuclear utility and nuclear energy products and services
industries, and organized labor, concerning skills that are needed in those
industries.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID7ee39fdbe2bc41ff89ee245e700160ba"><enum>(3)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated to the
Secretary of Labor, in coordination with the Secretary of Education and the
Secretary of Energy, to carry out this subsection $20,000,000 for each of
fiscal years 2009 through
2012.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="ID30aa26ea6c21496cac7ee20258992303"><enum>225.</enum><header>Investment tax
credit for investments in nuclear power facilities</header>
<subsection id="ID34031321b701466bb9fbacf6d82afd54"><enum>(a)</enum><header>New credit for
nuclear power facilities</header><text>Section 46 of the Internal Revenue Code
of 1986, as amended by this title, is amended by—</text>
<paragraph id="ID20f528073a744e2f8d91b18108e366eb"><enum>(1)</enum><text>striking
<quote>and</quote> at the end of paragraph (4);</text>
</paragraph><paragraph id="IDda15b0b510574fec935f9edfd376bba4"><enum>(2)</enum><text>striking the
period at the end of paragraph (5) and inserting <quote>, and</quote>;
and</text>
</paragraph><paragraph id="ID56b19f8664f6402a83296db9f5715c84"><enum>(3)</enum><text>inserting after
paragraph (5) the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id116FA35EC8E14EEDB4121D7DE2A290A9" style="OLC">
<paragraph id="IDb2ed5d9232cf4c6da2826ff07eb3bc76"><enum>(5)</enum><text>the nuclear power
facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="IDc29a40f05b534bacb4c48f83d02e81e6"><enum>(b)</enum><header>Nuclear power
facility construction credit</header><text>Subpart E of part IV of subchapter A
of chapter 1 of the Internal Revenue Code of 1986, as amended by this title, is
amended by inserting after section 48C the following new section:</text>
<quoted-block display-inline="no-display-inline" id="id9D3BC1650DF44877BB4EBA2ED70591F3" style="OLC">
<section id="ID00542dd38e3b4050b1a5c2cecce7f77a"><enum>48D.</enum><header>Nuclear power
facility construction credit</header>
<subsection id="ID116840f922774577bd92e2a7ce272005"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the nuclear power facility
construction credit for any taxable year is 10 percent of the qualified nuclear
power facility expenditures with respect to a qualified nuclear power
facility.</text>
</subsection><subsection id="IDe7ffd6cf16a749caacdba5e5444fbd2c"><enum>(b)</enum><header>When
expenditures taken into account</header>
<paragraph id="IDd5d554352e2d4c298cb4cd21a59dfc85"><enum>(1)</enum><header>In
general</header><text>Qualified nuclear power facility expenditures shall be
taken into account for the taxable year in which the qualified nuclear power
facility is placed in service.</text>
</paragraph><paragraph id="IDd3d7eb9e4a644cfc85086a7d5fe39212"><enum>(2)</enum><header>Coordination
with subsection (c)</header><text>The amount which would (but for this
paragraph) be taken into account under paragraph (1) with respect to any
qualified nuclear power facility shall be reduced (but not below zero) by any
amount of qualified nuclear power facility expenditures taken into account
under subsection (c) by the taxpayer or a predecessor of the taxpayer (or, in
the case of a sale and leaseback described in section 50(a)(2)(C), by the
lessee), to the extent any amount so taken into account has not been required
to be recaptured under section 50(a).</text>
</paragraph></subsection><subsection id="ID4058a1b77eb34f058767cf235aa914f6"><enum>(c)</enum><header>Progress
expenditures</header>
<paragraph id="IDdbe71b46177047b5b67142276e5c77dc"><enum>(1)</enum><header>In
general</header><text>A taxpayer may elect to take into account qualified
nuclear power facility expenditures–</text>
<subparagraph id="ID8335c492b2b24d4d97440f34a1818f5f"><enum>(A)</enum><header>Self-constructed
property</header><text>In the case of a qualified nuclear power facility which
is a self-constructed facility, in the taxable year for which such expenditures
are properly chargeable to capital account with respect to such facility;
and</text>
</subparagraph><subparagraph id="ID0652c30a046340c7a3ffaa66c0a5bffe"><enum>(B)</enum><header>Acquired
facility</header><text>In the case of a qualified nuclear facility which is not
self-constructed property, in the taxable year in which such expenditures are
paid.</text>
</subparagraph></paragraph><paragraph id="ID5dd17ef2bb5c4d3cadc3c22c698a816a"><enum>(2)</enum><header>Special rules
for applying paragraph (1)</header><text>For purposes of paragraph (1)–</text>
<subparagraph id="ID417d0fc3effa43eea45b9f841074ef3e"><enum>(A)</enum><header>Component
parts, etc</header><text>Property which is not self-constructed property and
which is to be a component part of, or is otherwise to be included in, any
facility to which this subsection applies shall be taken into account in
accordance with paragraph (1)(B);</text>
</subparagraph><subparagraph id="ID630e11ca6bf94af9a2c6e6dfa7ed23f6"><enum>(B)</enum><header>Certain
borrowing disregarded</header><text>Any amount borrowed directly or indirectly
by the taxpayer on a nonrecourse basis from the person constructing the
facility for the taxpayer shall not be treated as an amount expended for such
facility; and</text>
</subparagraph><subparagraph id="ID620a962e9fa54c608a4e21b3086eb861"><enum>(C)</enum><header>Limitation for
facilities or components which are not self-constructed</header>
<clause id="ID6424c895d404442498d9f501abe063b0"><enum>(i)</enum><header>In
general</header><text>In the case of a facility or a component of a facility
which is not self-constructed, the amount taken into account under paragraph
(1)(B) for any taxable year shall not exceed the amount which represents the
portion of the overall cost to the taxpayer of the facility or component of a
facility which is properly attributable to the portion of the facility or
component which is completed during such taxable year.</text>
</clause><clause id="ID7f24a300af88474f861b4c0bd7b0129d"><enum>(ii)</enum><header>Carry-over of
certain amounts</header><text>In the case of a facility or component of a
facility which is not self-constructed, if for the taxable year—</text>
<subclause id="ID0bd6b06932214bb2a781ce17807ff448"><enum>(I)</enum><text>the amount which
(but for clause (i)) would have been taken into account under paragraph (1)(B)
exceeds the limitation of clause (i), then the amount of such excess shall be
taken into account under paragraph (1)(B) for the succeeding taxable year;
or</text>
</subclause><subclause id="ID6fe0fb213bbe48839e40529fb5ab3e05"><enum>(II)</enum><text>the limitation
of clause (i) exceeds the amount taken into account under paragraph (1)(B),
then the amount of such excess shall increase the limitation of clause (i) for
the succeeding taxable year.</text>
</subclause></clause></subparagraph><subparagraph id="IDa93e5797e33d4e8caf06895534bea541"><enum>(D)</enum><header>Determination
of percentage of completion</header><text>The determination under subparagraph
(C)(i) of the portion of the overall cost to the taxpayer of the construction
which is properly attributable to construction completed during any taxable
year shall be made on the basis of engineering or architectural estimates or on
the basis of cost accounting records. Unless the taxpayer establishes otherwise
by clear and convincing evidence, the construction shall be deemed to be
completed not more rapidly than ratably over the normal construction
period.</text>
</subparagraph><subparagraph id="ID8110acbab3a94e1081edf7f49df1aa21"><enum>(E)</enum><header>No progress
expenditures for certain prior periods</header><text>No qualified nuclear
facility expenditures shall be taken into account under this subsection for any
period before the first day of the first taxable year to which an election
under this subsection applies.</text>
</subparagraph><subparagraph id="ID8a5cd56bef1149acae88c191d2c40e86"><enum>(F)</enum><header>No progress
expenditures for property for year it is placed in service,
etc</header><text>In the case of any qualified nuclear facility, no qualified
nuclear facility expenditures shall be taken into account under this subsection
for the earlier of—</text>
<clause id="ID34b28ab3b6b64765a9125ca7a15f8d27"><enum>(i)</enum><text>the taxable year
in which the facility is placed in service; or</text>
</clause><clause id="IDa0dfe8084e8f44ca8c1de15ee08f0f63"><enum>(ii)</enum><text>the first
taxable year for which recapture is required under section 50(a)(2) with
respect to such facility, or for any taxable year thereafter.</text>
</clause></subparagraph></paragraph><paragraph id="IDe0499224e36b4647aea55518245bc95b"><enum>(3)</enum><header>Self-constructed</header><text>For
purposes of this subsection–</text>
<subparagraph id="ID25b52ad3820a47cc8c90127624ede2bd"><enum>(A)</enum><text>The term
<term>self-constructed facility</term> means any facility if it is reasonable
to believe that more than half of the qualified nuclear facility expenditures
for such facility will be made directly by the taxpayer.</text>
</subparagraph><subparagraph id="ID91a39bbee35f488e91209ee2336d853d"><enum>(B)</enum><text>A component of a
facility shall be treated as not self-constructed if the cost of the component
is at least 5 percent of the expected cost of the facility and the component is
acquired by the taxpayer.</text>
</subparagraph></paragraph><paragraph id="ID0df3f37315d549918f0ed1c64f90615e"><enum>(4)</enum><header>Election</header><text>An
election shall be made under this section for a qualified nuclear power
facility by claiming the nuclear power facility construction credit for
expenditures described in paragraph (1) on a tax return filed by the due date
for such return (taking into account extensions). Such an election shall apply
to the taxable year for which made and all subsequent taxable years. Such an
election, once made, may be revoked only with the consent of the
Secretary.</text>
</paragraph></subsection><subsection id="IDebfd7e6098d44eed935a38ba8f101263"><enum>(d)</enum><header>Definitions and
Special Rules</header><text>For purposes of this section–</text>
<paragraph id="ID36bb9a2d573e4dbc8c19212f828ab486"><enum>(1)</enum><header>Qualified
Nuclear Power Facility</header><text>The term <term>qualified nuclear power
facility</term> means an advanced nuclear power facility, as defined in section
45J, the construction of which was approved by the Nuclear Regulatory
Commission on or before December 31, 2013.</text>
</paragraph><paragraph id="ID79b34b1f61b545d78b29776f03f1dda9"><enum>(2)</enum><header>Qualified
nuclear power facility expenditures</header>
<subparagraph id="IDe6346f7db59f4df29fafa0157d176c84"><enum>(A)</enum><header>In
general</header><text>The term <term>qualified nuclear power facility
expenditures</term> means any amount properly chargeable to capital
account—</text>
<clause id="ID9590efc49678410694924179303eb82d"><enum>(i)</enum><text>with respect to a
qualified nuclear power facility;</text>
</clause><clause id="IDe544bbab3dce40ccb5a4dcfe3b976445"><enum>(ii)</enum><text>for which
depreciation is allowable under section 168; and</text>
</clause><clause id="ID02b1202a899d486680292ff9a547dd2b"><enum>(iii)</enum><text>which are
incurred before the qualified nuclear power facility is placed in service or in
connection with the placement of such facility in service.</text>
</clause></subparagraph><subparagraph id="IDc0d4e6edf8a94663b24980b090e85838"><enum>(B)</enum><header>Pre-effective
date expenditures</header><text>Qualified nuclear power facility expenditures
do not include any expenditures incurred by the taxpayer before January 1,
2007, unless such expenditures constitute less than 20 percent of the total
qualified nuclear power facility expenditures (determined without regard to
this subparagraph) for the qualified nuclear power facility.</text>
</subparagraph></paragraph><paragraph id="IDee45afec24c84a10811216d354885bc7"><enum>(3)</enum><header>Delays and
suspension of construction</header>
<subparagraph id="ID8c0dc39f433d46b988a6c0613ddd2f62"><enum>(A)</enum><header>In
general</header><text>For purposes of applying this section and section 50, a
nuclear power facility that is under construction shall cease to be treated as
a facility that will be a qualified nuclear power facility as of the earlier
of—</text>
<clause id="ID3d22cdb72d2d41ef91a03fb9cf6bbcec"><enum>(i)</enum><text>the date on which
the taxpayer decides to terminate construction of the facility; or</text>
</clause><clause id="ID6618db7314564dd2a0bd6cf8c862579c"><enum>(ii)</enum><text>the last day of
any 24 month period in which the taxpayer has failed to incur qualified nuclear
power facility expenditures totaling at least 20 percent of the expected total
cost of the nuclear power facility.</text>
</clause></subparagraph><subparagraph id="ID1d3ace59d6f24e7cad35c329b990cf59"><enum>(B)</enum><header>Authority to
waive</header><text>The Secretary may waive the application of clause (ii) of
subparagraph (A) if the Secretary determines that the taxpayer intended to
continue the construction of the qualified nuclear power facility and the
expenditures were not incurred for reasons outside the control of the
taxpayer.</text>
</subparagraph><subparagraph id="ID92d81cc1eb8c4e959712c50609010526"><enum>(C)</enum><header>Resumption of
construction</header><text>If a nuclear power facility that is under
construction ceases to be a qualified nuclear power facility by reason of
paragraph (2) and work is subsequently resumed on the construction of such
facility—</text>
<clause id="ID0ed1fdcb6678445d92f393ee130f1f2e"><enum>(i)</enum><text>the date work is
subsequently resumed shall be treated as the date that construction began for
purposes of paragraph (1); and</text>
</clause><clause id="ID09fc70dc3a814eac8dfee0cdc813af14"><enum>(ii)</enum><text>if the facility
is a qualified nuclear power facility, the qualified nuclear power facility
expenditures shall be determined without regard to any delay or temporary
termination of construction of the
facility.</text>
</clause></subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID20e4f61a9d9148ca835d8ecac312d5ee"><enum>(c)</enum><header>Provisions
relating to credit recapture</header>
<paragraph id="IDa6bbaf4865bf4968ac713bad6b50d320"><enum>(1)</enum><header>Progress
expenditure recapture rules</header>
<subparagraph id="IDef4e398258ea42359f4704a3543b8313"><enum>(A)</enum><header>Basic
rules</header><text>Subparagraph (A) of section 50(a)(2) of the Internal
Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="idBBEC389A1456489D91EC7DE5B56CA397" style="OLC">
<subparagraph id="IDe44d6aac5e994c09823cf496932f5d9b"><enum>(A)</enum><header>In
general</header><text>If during any taxable year any building to which section
47(d) applied or any facility to which section 48D(c) applied ceases (by reason
of sale or other disposition, cancellation or abandonment of contract, or
otherwise) to be, with respect to the taxpayer, property which, when placed in
service, will be a qualified rehabilitated building or a qualified nuclear
power facility, then the tax under this chapter for such taxable year shall be
increased by an amount equal to the aggregate decrease in the credits allowed
under section 38 for all prior taxable years which would have resulted solely
from reducing to zero the credit determined under this subpart with respect to
such building or
facility.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="ID291af6c564bd492495940fdf2e000542"><enum>(B)</enum><header>Amendment to
excess credit recapture rule</header><text>Subparagraph (B) of section 50(a)(2)
of such Code is amended by—</text>
<clause id="IDf583d30869574b33bfb6c0064dddc973"><enum>(i)</enum><text>inserting
<quote>or paragraph (2) of section 48D(b)</quote> after <quote>paragraph (2) of
section 47(b)</quote>;</text>
</clause><clause id="IDd157babc4c8f4c0ca247d0aa0ff4738e"><enum>(ii)</enum><text>inserting
<quote>or section 48D(b)(1)</quote> after <quote>section 47(b)(1)</quote>;
and</text>
</clause><clause id="ID4f3ca5bd0e0d4776b010d7bfaddcfcf2"><enum>(iii)</enum><text>inserting
<quote>or facility</quote> after <quote>building</quote>.</text>
</clause></subparagraph><subparagraph id="IDe77e41f2cf6d4cc7ae293f531dfcdcb8"><enum>(C)</enum><header>Amendment of
sale and leaseback rule</header><text>Subparagraph (C) of section 50(a)(2) of
such Code is amended by—</text>
<clause id="ID41328d22128b400daa35afd03c5bb931"><enum>(i)</enum><text>inserting
<quote>or section 48D(c)</quote> after <quote>section 47(d)</quote>; and</text>
</clause><clause id="ID9fa95c96e204481aab0fbea491070d31"><enum>(ii)</enum><text>inserting
<quote>or qualified nuclear power facility expenditures</quote> after
<quote>qualified rehabilitation expenditures</quote>.</text>
</clause></subparagraph><subparagraph id="IDe517a54742814bd7898868106c9cad5c"><enum>(D)</enum><header>Other
amendment</header><text>Subparagraph (D) of section 50(a)(2) of such Code is
amended by inserting <quote>or section 48D(c)</quote> after <quote>section
47(d)</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="IDfe3721453a464ad6b8012fddafd9db51"><enum>(d)</enum><header>No Basis
Adjustment</header><text>Section 50(c) of the Internal Revenue Code of 1986 is
amended by inserting at the end thereof the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id9EE8199FF06F40518D840BEA8B842149" style="OLC">
<paragraph id="IDcef969f3094c49ffb96383e3b55c1226"><enum>(6)</enum><header>Nuclear power
facility construction credit</header><text>Paragraphs (1) and (2) shall not
apply to the nuclear power facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID04bb5035594141bdbe409fe5536e43ae"><enum>(e)</enum><header>Technical
Amendments</header><text>The table of sections for subpart E of part IV of
subchapter A of chapter 1 of the Internal Revenue Code of 1986, as amended by
this subtitle, is amended by inserting after the item relating to section 48C
the following new item:</text>
<quoted-block id="id9200e66e-19f7-4079-9e28-4fbdaec336e4" style="OLC">
<toc>
<toc-entry idref="ID00542dd38e3b4050b1a5c2cecce7f77a" level="section">Sec. 48D. Nuclear power facility construction
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID332b2dd8f1334139b4c8d4c031ebf10f"><enum>(f)</enum><header>Effective
Date</header><text>The amendments made by this section shall be effective for
expenditures incurred and property placed in service in taxable years beginning
after the date of enactment of this Act.</text>
</subsection></section></subtitle>