1.Short
title; table of contents
(a)This Act may be cited
as the Security and Fuel Efficiency
Energy Act of 2007
or the SAFE Energy Act of 2007
.
(b)The table of contents of this Act is as follows:
Sec. 1. Short title; table of
contents.
TITLE I—Increased fuel efficiency of the transportation
sector
Sec. 101. Definitions.
Sec. 102. Annual increase in average fuel economy
standards.
Sec. 103. Tax credits for alternative motor vehicles and
fuel-efficient motor vehicles.
Sec. 104. Advanced technology motor vehicles manufacturing
credit.
Sec. 105. Increase in maximum allowable gross weight for
vehicles using the National System of Interstate and Defense
Highways.
TITLE II—Increased use of alternative fuels and
infrastructure
Sec. 201. Renewable fuel standard.
Sec. 202. Modification of credit for alternative fuel vehicle
refueling property.
Sec. 203. Ethanol-blend fuel infrastructure.
Sec. 204. Requirement to increase percentage of dual fueled
automobiles.
Sec. 205. Emerging biofuels.
Sec. 206. Biodiesel.
Sec. 207. Unconventional fossil fuels.
Sec. 208. Study of incentives for renewable fuels.
TITLE III—Development and inventory of certain outer Continental
Shelf resources
Sec. 301. Definition.
Sec. 302. Authorization of activities and exports involving
hydrocarbon resources by United States persons.
Sec. 303. Travel in connection with authorized hydrocarbon
exploration and extraction activities.
Sec. 304. Moratorium of oil and gas leasing in certain areas of
the Gulf of Mexico.
Sec. 305. Inventory of outer Continental Shelf oil and natural
gas resources off southeastern coast of the United States.
Sec. 306. Enhanced oil recovery.
TITLE IV—Management of energy risks
Sec. 401. Bureau of International Energy Policy.
Sec. 402. Strategic energy infrastructure equipment
reserve.
<enum>I</enum><header>Increased fuel
efficiency of the transportation sector</header>
<section id="idC77DCA240F824E8ABE795A339EC49220"><enum>101.</enum><header>Definitions</header>
<subsection id="id8ADE9D7B0E5348B18519E121CCE57EC7"><enum>(a)</enum><header>Definition of
automobile</header><text display-inline="yes-display-inline">Section
32901(a)(3) of title 49, United States Code, is amended—</text>
<paragraph id="id77F68E0BD0184C72B9426626197F7C6B"><enum>(1)</enum><text display-inline="yes-display-inline">by striking <quote>4-wheeled</quote>;
and</text>
</paragraph><paragraph id="id7BB3C3752A1C471B9166906AFF43AB20"><enum>(2)</enum><text display-inline="yes-display-inline">by striking <quote>, and rated at—</quote>
and all that follows and inserting a period.</text>
</paragraph></subsection><subsection id="id48391A5C154E454899492502A986BDF1"><enum>(b)</enum><header>Definition of
passenger automobile</header><text>Section 32901(a)(16) of such title is
amended by striking <quote>decides by regulation—</quote> and all that follows
through the period and inserting <quote>determines by regulation, to have a
significant feature (except 4-wheel drive) designed for off-highway
operation.</quote>.</text>
</subsection><subsection id="idC434AF0A26824FF7AB03C9A69A0E86C9"><enum>(c)</enum><header>Fuel economy
information</header><text>Section 32908(a) of such title is amended—</text>
<paragraph id="id90B0B00008194FA9B9F38A4D9E485A32"><enum>(1)</enum><text>in the subsection
header, by striking <quote><header-in-text level="subsection" style="USC">definitions</header-in-text></quote> and inserting
<quote><header-in-text level="subsection" style="USC">definition</header-in-text></quote>; and</text>
</paragraph><paragraph id="id035BEC2281D04DC1AE6751EF3E0EEFB3"><enum>(2)</enum><text>by striking
<quote>section—</quote> and all that follows through <quote>(2)</quote> and
inserting <quote>section, the term</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idF09C016828B6448089508FAAF895A9E6"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall take effect on
January 1, 2010, and shall apply to automobiles manufactured for model year
2012 and for each subsequent model year.</text>
</subsection></section><section id="idA095DF55D5C04B44A57BDD54FD5168EA"><enum>102.</enum><header>Annual
increase in average fuel economy standards</header>
<subsection id="idBB28F4F148234BA793F90F6160F635AA"><enum>(a)</enum><header>Fuel efficiency
standards</header>
<paragraph id="idE4E3E682EC1049DDA080DC0FD7CEE2CB"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 32902 of
title 49, United States Code, is amended by striking subsections (a) through
(c) and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="idDD7E8FA3582D450589775F6F97B43AF1" style="OLC">
<subsection id="id74CDF33B478D415F89EB6776F3BC3853"><enum>(a)</enum><header>In
general</header><text>Not later than 18 months before the beginning of each
model year beginning with model year 2012, the Secretary of Transportation, by
regulation, shall prescribe average fuel economy standards for automobiles
manufactured by a manufacturer for that model year in accordance with
subsection (b). The Secretary of Transportation shall prescribe separate
average fuel economy standards for different classes of automobiles. The
Secretary shall establish average fuel economy standards for medium-duty trucks
that are consistent with the projected benefits of hybridization. In this
section, the term <term>medium-duty truck</term> means a truck (as defined in
section 30127) with a gross vehicle weight between 10,000 and 26,000
pounds.</text>
</subsection><subsection id="id753E1A1B100C489EB3020BA3A8E2D916"><enum>(b)</enum><header>Annual
increases in fuel economy standards</header>
<paragraph id="id7FBA3F3F55FC4A4383639B7A060C7DB8"><enum>(1)</enum><header>For model year
2012</header><text>For model year 2012, the average fuel economy standard for
each class of automobiles shall be the average combined highway and city miles
per gallon performance of all automobiles within that class of automobiles in
2011 (rounded to the nearest <fraction>1/10</fraction> mile per gallon).</text>
</paragraph><paragraph id="idC1DD911D5019433D824C38602A20636D"><enum>(2)</enum><header>For model years
after model year 2012</header><text>For each model year beginning with model
year 2013 and ending with model year 2030, the average fuel economy attained by
the fleet of automobiles manufactured or sold in the United States shall be at
least 4 percent greater than the average fuel economy standard for the fleet in
the previous model year (rounded to the nearest <fraction>1/10</fraction> mile
per gallon).</text>
</paragraph></subsection><subsection id="idF4CF50BDB62540E68DA8E2D198E931A1"><enum>(c)</enum><header>Amending fuel
economy standards</header>
<paragraph id="id08375E591E524D6B9BF8A16B294D9498"><enum>(1)</enum><header>In
general</header><text>Notwithstanding subsections (a) and (b), the Secretary of
Transportation may prescribe an average fuel economy standard for a class of
automobiles in a model year that is lower than the standard required under
subsection (b) if the Secretary of Transportation, in consultation with the
National Academy of Sciences, determines that the average fuel economy standard
prescribed in accordance with subsections (a) and (b) for that class of
automobiles in that model year—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id642B1E11FB4F499B822E2253EA115480"><enum>(A)</enum><text>is
technologically not achievable;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id53C1BAEEEB214660848FED65C43DF593"><enum>(B)</enum><text>cannot be
achieved without materially reducing the overall safety of automobiles
manufactured or sold in the United States and no offsetting safety improvements
can be practicably implemented for that model year; or</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id90D571D091134A6BAEDD4C77813889FF"><enum>(C)</enum><text>is shown not to
be cost effective.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id8CE12521C3724653AD52E3C459AE4BE1"><enum>(2)</enum><header>Maximum
standard</header><text>Any average fuel economy standard prescribed for a class
of automobiles in a model year under paragraph (1) shall be the maximum
standard that—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idFC24A3B565BA4689B3CE359335D7FBF8"><enum>(A)</enum><text>is
technologically achievable;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idC982E41E881F423AAC3A5A398D0CF901"><enum>(B)</enum><text>can be achieved
without materially reducing the overall safety of automobiles manufactured or
sold in the United States; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id8320CAB65C9A4A3780A3EBF1A8411770"><enum>(C)</enum><text>is cost
effective.</text>
</subparagraph></paragraph><paragraph id="idE290FCED9B6946DEB5692D75E0D7D345"><enum>(3)</enum><header>Considerations
in determination of cost effectiveness</header><text>In determining cost
effectiveness under paragraph (1)(C), the Secretary of Transportation shall
take into account the total value to the United States of reduced petroleum
use, including the value of reducing external costs of petroleum use, using a
value for such costs equal to 50 percent of the value of 1 gallon of gasoline
saved or the amount determined in an analysis of the external costs of
petroleum use that considers—</text>
<subparagraph id="id1D54CECC6C17412082E562FA5342E360"><enum>(A)</enum><text>value to
consumers;</text>
</subparagraph><subparagraph id="idCF0F532FE2D04CE4804C87F7B44DB191"><enum>(B)</enum><text>economic
security;</text>
</subparagraph><subparagraph id="id7E083D657E2B4F988E59C5744A9C0326"><enum>(C)</enum><text>national
security;</text>
</subparagraph><subparagraph id="id49B2A3CC88224A2CBFBA3D3E9E1952CB"><enum>(D)</enum><text>foreign
policy;</text>
</subparagraph><subparagraph id="id6406DE27BC794A6D8C2814E33A5C33D6"><enum>(E)</enum><text>the impact of oil
use—</text>
<clause id="id913EEF3905F24E1681CE0A29FA0B6313"><enum>(i)</enum><text>on sustained
cartel rents paid to foreign suppliers;</text>
</clause><clause id="idB776E26E6B94482DA9CF5944D55C0536"><enum>(ii)</enum><text>on long-run
potential gross domestic product due to higher normal-market oil price levels,
including inflationary impacts;</text>
</clause><clause id="id57CEA18ED32C4BE3BF0D83137A3292E4"><enum>(iii)</enum><text>on import
costs, wealth transfers, and potential gross domestic product due to increased
trade imbalances;</text>
</clause><clause id="id04692746007D4ECA9EA66D834B2E254D"><enum>(iv)</enum><text>on import costs
and wealth transfers during oil shocks;</text>
</clause><clause id="id31C847DF34B64612AA29223300F71388"><enum>(v)</enum><text>on macroeconomic
dislocation and adjustment costs during oil shocks;</text>
</clause><clause id="idB8A9D6C0F41648DE82690A281F53F03C"><enum>(vi)</enum><text>on the cost of
existing energy security policies, including the management of the Strategic
Petroleum Reserve;</text>
</clause><clause id="id2D1AC8EFB98A4FBC9BAF6C6688BA5D6D"><enum>(vii)</enum><text>on the timing
and severity of the oil peaking problem;</text>
</clause><clause id="id3D4A71ADE2CA4BB9AE82F371A803087B"><enum>(viii)</enum><text>on the risk,
probability, size, and duration of oil supply disruptions;</text>
</clause><clause id="idF2E2251B1853429B931E6F315270BDF6"><enum>(ix)</enum><text>on the strategic
behavior of the Organization of the Petroleum Exporting Countries and long-run
oil pricing;</text>
</clause><clause id="id5E92E2882B164B258361AD9CDE468A3A"><enum>(x)</enum><text>on the short term
elasticity of energy demand and the magnitude of price increases resulting from
a supply shock;</text>
</clause><clause id="id8E2FF2B069A7453298DC6A9031D2CB09"><enum>(xi)</enum><text>on oil imports,
military costs, and related security costs, including intelligence, homeland
security, sea lane security and infrastructure, and other military
activities;</text>
</clause><clause id="idB7E6BBDB9B6A4EA6B2C6784A980498B4"><enum>(xii)</enum><text>on oil imports,
diplomatic and foreign policy flexibility, and connections to geopolitical
strife, terrorism, and international development activities;</text>
</clause><clause id="idD13E26CD4A6846DFA33D31B31A75F3FE"><enum>(xiii)</enum><text>all relevant
environmental hazards under the jurisdiction of the Environmental Protection
Agency; and</text>
</clause><clause id="idDB9D2C17908146FAA17A1A429EC749EF"><enum>(xiv)</enum><text>on
well-to-wheels urban and local air emissions of pollutants and their
uninternalized costs;</text>
</clause></subparagraph><subparagraph id="id4607D375D99B4F3BA4C913D30CE4EED4"><enum>(F)</enum><text>the impact of the
oil or energy intensity of the United States economy on the sensitivity of the
economy to oil price changes, including the magnitude of gross domestic product
losses in response to short term price shocks or long term price
increases;</text>
</subparagraph><subparagraph id="idFAC8145A40254298AB088C5B192463E9"><enum>(G)</enum><text>the impact of
United States payments for oil imports on political, economic, and military
developments in unstable or unfriendly oil-exporting countries;</text>
</subparagraph><subparagraph id="idE4E8BF58194241F48D11A30BBAA9961A"><enum>(H)</enum><text>the
uninternalized costs of pipeline and storage oil seepage, and for risk of oil
spills from production, handling, and transport, and related landscape damage;
and</text>
</subparagraph><subparagraph id="id76A682848DD749FABDBCCDAAD9CF8224"><enum>(I)</enum><text>additional
relevant factors, as determined by the Secretary.</text>
</subparagraph></paragraph><paragraph id="id7AFB9F74F29543EFA20BC78D3FA3BD0D"><enum>(4)</enum><header>Minimum
valuation</header><text>When considering the value to consumers of a gallon of
gasoline saved, the Secretary of Transportation may not use a value less than
the greatest of—</text>
<subparagraph id="idE44560B5BA634780BA70CA4646730381"><enum>(A)</enum><text>the average
national cost of a gallon of gasoline sold in the United States during the
12-month period ending on the date on which the new fuel economy standard is
proposed;</text>
</subparagraph><subparagraph id="idCC7FED17389F4FBF9D427867F7BD5636"><enum>(B)</enum><text>the most recent
weekly estimate by the Energy Information Administration of the Department of
Energy of the average national cost of a gallon of gasoline (all grades) sold
in the United States; or</text>
</subparagraph><subparagraph id="id68C8CCCD63544220A71E18A64DB39061"><enum>(C)</enum><text>the gasoline
prices projected by the Energy Information Administration for the 20-year
period beginning in the year following the year in which the standards are
established.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="idBAE41B121D22433BB4BD451D1CF65D4E"><enum>(2)</enum><header>Conforming
amendments</header><text>Title 49, United States Code, is amended—</text>
<subparagraph id="id3E8F9A7841324CFFB6B4FE5371D7C947"><enum>(A)</enum><text>in section
32902—</text>
<clause id="id5BA38AB9F51F4EE89889888EF733FD45"><enum>(i)</enum><text>in
subsection (d) by striking <quote>subsection (b) or (c) of this section</quote>
and inserting <quote>subsection (a), (b), or (c)</quote>;</text>
</clause><clause id="id24D6BE4F072C46AEA5C10463E97DEFFC"><enum>(ii)</enum><text>by
striking subsection (f);</text>
</clause><clause id="idB1BC9B5C75C64262B719CC3BBDAD4E2A"><enum>(iii)</enum><text>in subsection
(g)—</text>
<subclause id="idB4261B156B9549FCA7314A9BD24703C9"><enum>(I)</enum><text>by striking
<quote>subsection (a) or (d)</quote> and inserting <quote>this section</quote>;
and</text>
</subclause><subclause id="idC64400FF85294BC89E81B6AF48FF914D"><enum>(II)</enum><text>by striking
<quote>(and submit the amendment to Congress when required under subsection
(c)(2) of this section)</quote>; and</text>
</subclause></clause><clause id="id2B676CFFA15A4B2D954ECE89922644EE"><enum>(iv)</enum><text>in
subsection (h) by striking <quote>subsections (c), (f), and (g) of this
section</quote> and inserting <quote>subsections (c) and (g)</quote>;</text>
</clause></subparagraph><subparagraph id="idF15EBBA6DCFF459583B3FAA23480BC2B"><enum>(B)</enum><text>in section
32903—</text>
<clause id="id6BED44DC305D4279855FBA9FAF8CDB08"><enum>(i)</enum><text>by
striking <quote>section 32902(b)–(d) of this title</quote> each place it occurs
and inserting <quote>subsections (a) through (d) of section 32902</quote>;
and</text>
</clause><clause id="id1C7FF3C1FA794C9FB8D9885ECB40B4C1"><enum>(ii)</enum><text>in
subsection (e), by striking <quote>section 32902(a) of this title</quote> and
inserting <quote>subsections (a) through (d) of section 32902</quote>;
and</text>
</clause></subparagraph><subparagraph id="idC76C28E490C94C14980045A691C3120E"><enum>(C)</enum><text>in section
32904—</text>
<clause id="id4A252C42FA2E4C77B4E2456774417EE8"><enum>(i)</enum><text>in
subsection (a)—</text>
<subclause id="idB1BFBFC1B792407F9E782AD315AEAEE0"><enum>(I)</enum><text>by striking
<quote>subject to—</quote> and all that follows through <quote>(B) section
32902(a)–(d) of this title</quote> and inserting <quote>subject to subsections
(a) through (d) of section 32902</quote>; and</text>
</subclause><subclause id="idC48BCC9353C840D1931A27AEC8834800"><enum>(II)</enum><text>by redesignating
clauses (i) and (ii) as subparagraphs (A) and (B), respectively;</text>
</subclause></clause><clause id="id4C20517D7B5645D1B0A9BF2B48ED1E0F"><enum>(ii)</enum><text>by
striking subsection (b); and</text>
</clause><clause id="id9A4D23F33B5F4AD7BAFC90B63209BC77"><enum>(iii)</enum><text>by
redesignating subsections (c), (d), and (e) as subsections (b), (c), and (d),
respectively.</text>
</clause></subparagraph></paragraph></subsection><subsection id="ID3192cca691d34e0eac7162b44fac2579"><enum>(b)</enum><header>Repeal of
credit for dual fueled automobiles</header>
<paragraph id="idEA06DD5FA2874D8E90D07840FC70E4E4"><enum>(1)</enum><header>In
general</header><text>Section 32905 of title 49, United States Code, is
amended—</text>
<subparagraph id="id51842D7F36BC4BD79F264C438C884B71"><enum>(A)</enum><text>by amending
subsection (b) to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="id72FD1A55B7E34B9BAF736AD27EB640F8" style="OLC">
<subsection id="id90ED4DA8BE2B42108FDF39ABB1F66715"><enum>(b)</enum><header>Dual fueled
automobiles</header><text>The Administrator of the Environmental Protection
Agency shall measure the fuel economy for any model of dual fueled automobile
manufactured in model year 2012 and any model year thereafter, in accordance
with section 32904.</text>
</subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="id0FF7C6F47256466F9A72948D6B52E39F"><enum>(B)</enum><text>by amending
subsection (d) to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="id9970D5A8DBF1407F9569594F41AD8C00" style="OLC">
<subsection id="id5C43ABA641EA46DF869320D38E3FC24B"><enum>(d)</enum><header>Gaseous fuel
dual fueled automobiles</header><text>The Administrator of the Environmental
Protection Agency shall measure the fuel economy for any model of gaseous fuel
dual fueled automobile manufactured in model year 2012 and any model year
thereafter, in accordance with section
32904.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="id2989399E19E544A3AAB246009757CA48"><enum>(2)</enum><header>Conforming
amendments</header><text>Such section 32905 is further amended—</text>
<subparagraph id="id9EB79509565E4C7184CD50630646C70C"><enum>(A)</enum><text>by repealing
subsection (f); and</text>
</subparagraph><subparagraph id="idC2A58253FEC5406B8E647061F4AC0223"><enum>(B)</enum><text>redesignating
subsections (g) and (h) as subsections (f) and (g), respectively.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id0E2CF9228BCB42AD9F5919EE5F6F73B6"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall take effect on
January 1, 2010.</text>
</subsection></section><section id="id49B4214F60064159BC168C7DB6E48127"><enum>103.</enum><header>Tax credits
for alternative motor vehicles and fuel-efficient motor vehicles</header>
<subsection commented="no" display-inline="no-display-inline" id="idA0085D9741234C819866DAB93552EA05"><enum>(a)</enum><header>Modifications
to alternative motor vehicle credit</header>
<paragraph commented="no" display-inline="no-display-inline" id="id2B9E2E7E772349DD92EE3CB4BBDAF098"><enum>(1)</enum><header>Elimination of
limitation on number of new qualified hybrid and advanced lean burn technology
vehicles eligible for full alternative motor vehicle tax credit</header>
<subparagraph id="idCDC75030872448A1BE013C2708645CBF"><enum>(A)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 30B of the
Internal Revenue Code of 1986 is amended—</text>
<clause commented="no" display-inline="no-display-inline" id="id3D600D0867E947BD8E38E2B8C57501AB"><enum>(i)</enum><text display-inline="yes-display-inline">by striking subsection (f); and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idCF0E8048E54847B3AB911C6D1C3AACE2"><enum>(ii)</enum><text display-inline="yes-display-inline">by redesignating subsections (g) through
(j), as amended by subsection (a), as subsections (f) through (i),
respectively.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id599931A7F5C04B379B8022DDE506A551"><enum>(B)</enum><header>Conforming
amendments</header>
<clause commented="no" display-inline="no-display-inline" id="idD253C4E6E0214503BD10A32F21AF1349"><enum>(i)</enum><text display-inline="yes-display-inline">Paragraphs (4) and (6) of section 30B(g) of
such Code, as redesignated by paragraph (1)(B), are each amended by striking
<quote>(determined without regard to subsection (g))</quote> and inserting
<quote>(determined without regard to subsection (f))</quote>.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id867FD79BE57F4C6CB5E72BA78A9AD0A4"><enum>(ii)</enum><text display-inline="yes-display-inline">Section 38(b)(25) of such Code is amended
by striking <quote>section 30B(g)(1)</quote> and inserting <quote>section
30B(f)(1)</quote>.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idE87FC752794A4FBDA1E3920FE6DA0929"><enum>(iii)</enum><text display-inline="yes-display-inline">Section 55(c)(2) of such Code is amended by
striking <quote>section 30B(g)(2)</quote> and inserting <quote>section
30B(f)(2)</quote>.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idB92F69ECC00F4F24B4C03061107F923D"><enum>(iv)</enum><text display-inline="yes-display-inline">Section 1016(a)(36) of such Code is amended
by striking <quote>section 30B(h)(4)</quote> and inserting <quote>section
30B(g)(4)</quote>.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id0286963C8D494AE38A499ACCF459915D"><enum>(v)</enum><text display-inline="yes-display-inline">Section 6501(m) of such Code is amended by
striking <quote>section 30B(h)(9)</quote> and inserting <quote>section
30B(g)(9)</quote>.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idF344425F0DF64D34837BA767A800E73A"><enum>(C)</enum><header>Effective
date</header><text display-inline="yes-display-inline">The amendments made by
this subsection shall apply to property placed in service after December 31,
2005, in taxable years ending after such date.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idD9BB22D0F70642AEB7DE8462E132F597"><enum>(2)</enum><header>Extension of
new qualified hybrid motor vehicle credit for vehicles over 8,500
pounds</header><text>Paragraph (3) of section 30B(i), as redesignated by
subsection (a)(1)(B), is amended by striking <quote>2009</quote> and inserting
<quote>2011</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idBCDEF6B79A1A429E992B4E369363C3E1"><enum>(3)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to
vehicles placed in service after the date of the enactment of this Act.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idE2213B5C1EA446A7A6961476AA4F75F6"><enum>(b)</enum><header>Credit for new
qualified fuel-efficient vehicles produced after 2010</header>
<paragraph commented="no" display-inline="no-display-inline" id="id1FB50CF8CF1A43E7ADF22035E7B04C66"><enum>(1)</enum><header>In
general</header><text>Subpart B of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 is amended by adding at the end the following new
section:</text>
<quoted-block display-inline="no-display-inline" id="id8D08E0D928CB4AD781F326A9E2C90F26" style="OLC">
<section commented="no" display-inline="no-display-inline" id="id6D6C4D4BA35C423A8FDFA14F8F4184E6"><enum>30D.</enum><header>New qualified
fuel-efficient motor vehicle credit</header>
<subsection commented="no" display-inline="no-display-inline" id="id33FC516BECAD48199000D763C572EB2F"><enum>(a)</enum><header>In
general</header><text>There shall be allowed as a credit against the tax
imposed by this chapter for the taxable year an amount equal to the amount
determined under subsection (b) with respect to each new qualified
fuel-efficient motor vehicle placed in service by the taxpayer during the
taxable year.</text>
</subsection><subsection id="ID8cbae77143674202981f932971d0a3ec"><enum>(b)</enum><header>Credit
amount</header>
<paragraph id="IDcb56bd1eeed34c5d8c5cf6b3e74e9c13"><enum>(1)</enum><header>Fuel
economy</header>
<subparagraph id="ID79f2eaa01726490c8f8edea162068bed"><enum>(A)</enum><header>In
general</header><text>The credit amount determined under this paragraph shall
be determined in accordance with the following table:</text>
<table align-to-level="section" blank-lines-before="1" frame="topbot" line-rules="hor-ver" rule-weights="4.4.4.4.0.0" subformat="S6211" table-type="2-Generic:-1-text,-1-num">
<tgroup cols="2" grid-typeface="1.1" thead-tbody-ldg-size="10.10.12" ttitle-size="0"><colspec align="left" coldef="txt" colname="col1" colsep="1" colwidth="310" min-data-value="200" rowsep="0"></colspec><colspec align="right" coldef="fig" colname="col2" colsep="1" colwidth="93" min-data-value="10" rowsep="0"></colspec>
<thead>
<row><entry align="center" colname="col1" rowsep="1">“In the case
of a vehicle which achieves a fuel economy (expressed as a percentage of the
2012 model year average fuel economy standard) of—</entry><entry align="center" colname="col2" rowsep="1">The credit amount is—</entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least 125 percent
but less than 150 percent</entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$400</entry>
</row>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least 150 percent
but less than 175 percent</entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$800</entry>
</row>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least 175 percent
but less than 200 percent </entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$1,200</entry>
</row>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least 200 percent
but less than 225 percent </entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$1,600</entry>
</row>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least 220 percent
but less than 250 percent </entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$2,000</entry>
</row>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least 250
percent</entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$2,400.</entry>
</row>
</tbody>
</tgroup>
</table>
</subparagraph><subparagraph id="ID10ecf3de20484e47aee45a7e9932346e"><enum>(B)</enum><header>2012 model year
average fuel economy standard</header><text>For purposes of subparagraph (A),
the 2012 model year average fuel economy standard with respect to a vehicle
shall be the average fuel economy standard (determined on a gasoline gallon
equivalent basis) for such model year, as prescribed by the Secretary of
Transportation under section 32902 of title 49, United States Code, with
respect to the class to which such vehicle belongs.</text>
</subparagraph></paragraph><paragraph id="ID911c93081a334e13b6fdad7afb4a4628"><enum>(2)</enum><header>Conservation
credit</header><text>The amount determined under paragraph (1) with respect to
a new qualified fuel-efficient motor vehicle shall be increased by the
conservation credit amount determined in accordance with the following
table:</text>
<table align-to-level="section" blank-lines-before="1" frame="topbot" line-rules="hor-ver" rule-weights="4.4.4.4.0.0" subformat="S6211" table-type="2-Generic:-1-text,-1-num">
<tgroup cols="2" grid-typeface="1.1" thead-tbody-ldg-size="10.10.12" ttitle-size="0"><colspec align="left" coldef="txt" colname="col1" colsep="1" colwidth="310" min-data-value="200" rowsep="0"></colspec><colspec align="right" coldef="fig" colname="col2" colsep="1" colwidth="93" min-data-value="10" rowsep="0"></colspec>
<thead>
<row><entry align="center" colname="col1" rowsep="1">“In the case
of a vehicle which achieves a lifetime fuel savings expressed in gallons of
gasoline) of—</entry><entry align="center" colname="col2" rowsep="1">The
conservation credit amount is—</entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least 1,200 but less
than 1,800</entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$250</entry>
</row>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least 1,800 but less
than 2,400</entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$500</entry>
</row>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least 2,400 but less
than 3,000</entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$750</entry>
</row>
<row><entry align="left" colname="col1" leader-modify="force-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">At least
3,000</entry><entry align="right" colname="col2" leader-modify="force-ldr" rowsep="0">$1,000.</entry>
</row>
</tbody>
</tgroup>
</table>
</paragraph></subsection><subsection id="idE1B2B1A9BFF349C59A705E49FFCC8815"><enum>(c)</enum><header>New qualified
fuel-efficient motor vehicle</header><text>For purposes of this section, the
term <term>new qualified fuel-efficient motor vehicle</term> means a passenger
automobile or a light truck—</text>
<paragraph id="IDc7a86cb986fc446ebd5bffe297426bf1"><enum>(1)</enum><text>described in
subsections (c)(3), (d)(3), or (e)(3) of section 30B,</text>
</paragraph><paragraph id="IDa27ea8b119c94afcb18e48ce9db832ed"><enum>(2)</enum><text>which has
received a certificate of conformity under the Clean Air Act and meets or
exceeds the equivalent qualifying California low emission vehicle standard
under section 243(e)(2) of the Clean Air Act for that make and model year,
and</text>
<subparagraph id="IDf289f3bbbc3841ae81e8eaecfa374d2e"><enum>(A)</enum><text>in the case of a
vehicle having a gross vehicle weight rating of 6,000 pounds or less, the Bin 5
Tier II emission standard established in regulations prescribed by the
Administrator of the Environmental Protection Agency under section 202(i) of
the Clean Air Act for that make and model year vehicle, and</text>
</subparagraph><subparagraph id="ID7578c811e3984fd5977034f9c5a95287"><enum>(B)</enum><text>in the case of a
vehicle having a gross vehicle weight rating of more than 6,000 pounds but not
more than 8,500 pounds, the Bin 8 Tier II emission standard which is so
established,</text>
</subparagraph></paragraph><paragraph id="ID7057a51db54942ff8c7e658c247a069d"><enum>(3)</enum><text>the original use
of which commences with the taxpayer after December 31, 2010, and</text>
</paragraph><paragraph id="ID86b830fafd7742909d0123a3dce68873"><enum>(4)</enum><text>which is acquired
for use or lease by the taxpayer and not for resale.</text>
</paragraph></subsection><subsection id="ID6fbb2ff7d9484d1ab5533fa50ce52d70"><enum>(d)</enum><header>Other
definitions</header><text>For purposes of this section—</text>
<paragraph id="id176494F0573B4AB0B759E97FF37B9DEB"><enum>(1)</enum><header>Lifetime fuel
savings</header><text>The term <term>lifetime fuel savings</term> means, in the
case of any new qualified fuel-efficient motor vehicle, an amount equal to the
excess (if any) of—</text>
<subparagraph id="IDea2d61b3ed5147e0b42a8c20c3723124"><enum>(A)</enum><text>120,000 divided
by the 2012 model year average fuel economy standard for the vehicle class,
over</text>
</subparagraph><subparagraph id="IDec20f59577394b86b0eaa96fc0645bdb"><enum>(B)</enum><text>120,000 divided
by the fuel economy for such vehicle.</text>
</subparagraph></paragraph><paragraph id="ID107b156ff8c14bbbb22fc66872cb6400"><enum>(2)</enum><header>Motor
vehicle</header><text>The term <term>motor vehicle</term> has the meaning given
such term by section 30(c)(2).</text>
</paragraph><paragraph id="IDca807c3eab3644b0b4f3f5781897f957"><enum>(3)</enum><header>Fuel
economy</header><text>The fuel economy with respect to any vehicle shall be
measured in a manner which is substantially similar to the manner fuel economy
is measured in accordance with procedures under part 600 of subchapter Q of
chapter I of title 40, Code of Federal Regulations, as in effect on the date of
the enactment of this section.</text>
</paragraph><paragraph id="IDcfacee439dad475a87904a91dbdb02cb"><enum>(4)</enum><header>Other
terms</header><text>The terms <quote>automobile</quote>, “passenger
automobile”, “medium duty passenger vehicle”, “light truck”, and
<quote>manufacturer</quote> have the meanings given such terms in regulations
prescribed by the Administrator of the Environmental Protection Agency for
purposes of the administration of title II of the Clean Air Act (42 U.S.C. 7521
et seq.).</text>
</paragraph></subsection><subsection id="id343C0313CDD64A62AD473F31797FBF34"><enum>(e)</enum><header>Special
rules</header>
<paragraph id="idC018ECEF671549D190604CEEF1B5490D"><enum>(1)</enum><header>Reduction in
basis</header><text>For purposes of this subtitle, the basis of any property
for which a credit is allowable under subsection (a) shall be reduced by the
amount of such credit so allowed.</text>
</paragraph><paragraph id="id3619F2C6BD4243A1B70948AF67BBFDD4"><enum>(2)</enum><header>No double
benefit</header>
<subparagraph id="id5CD156C6FD804DCAB676E3230CF1B765"><enum>(A)</enum><header>Coordination
with other vehicle credits</header><text>No credit shall be allowed under
subsection (a) with respect to any new qualified fuel-efficient motor vehicle
for any taxable year if a credit is allowed with respect to such motor vehicle
for such taxable year under section 30 or 30B.</text>
</subparagraph><subparagraph id="idA741F9F1EA56480583CBF80356136C12"><enum>(B)</enum><header>Other tax
benefits</header><text>The amount of any deduction or credit (other than the
credit allowable under this section and any credit described in subparagraph
(A)) allowable under this chapter with respect to any new qualified
fuel-efficient motor vehicle shall be reduced by the amount of credit allowed
under subsection (a) for such motor vehicle for such taxable year.</text>
</subparagraph></paragraph><paragraph id="id1FD6E834FBE547FD91D86CC91CEE191F"><enum>(3)</enum><header>Property used
outside the United States, etc., not qualified</header><text>No credit shall be
allowable under subsection (a) with respect to any property referred to in
section 50(b)(1) or with respect to the portion of the cost of any property
taken into account under section 179.</text>
</paragraph><paragraph id="idDA436DD7AE6940C790FA5E1B4DBC9944"><enum>(4)</enum><header>Election not to
take credit</header><text>No credit shall be allowed under subsection (a) for
any vehicle if the taxpayer elects not to have this section apply to such
vehicle.</text>
</paragraph></subsection><subsection id="IDd0e69ea1c9f8471eabded4bd365c3971"><enum>(f)</enum><header>Application
With Other Credits</header>
<paragraph id="IDf826adcf3f28458eb84410488c79f9f9"><enum>(1)</enum><header>Business credit
treated as part of general business credit</header><text>So much of the credit
which would be allowed under subsection (a) for any taxable year (determined
without regard to this subsection) that is attributable to property of a
character subject to an allowance for depreciation shall be treated as a credit
listed in section 38(b) for such taxable year (and not allowed under subsection
(a)).</text>
</paragraph><paragraph id="ID60b1b3b845354aee8a00539dc901682f"><enum>(2)</enum><header>Personal
credit</header><text>The credit allowed under subsection (a) (after the
application of paragraph (1)) for any taxable year shall not exceed the excess
(if any) of—</text>
<subparagraph id="IDf2c4402079f04f899e74329574551669"><enum>(A)</enum><text>the regular tax
liability (as defined in section 26(b)) reduced by the sum of the credits
allowable under subpart A and sections 27 and 30, over</text>
</subparagraph><subparagraph id="ID141239efd9274c35accff4afaadcf068"><enum>(B)</enum><text>the tentative
minimum tax for the taxable year.</text>
</subparagraph></paragraph></subsection><subsection id="ID4360581f9f7f45f69fe0092773f56bec"><enum>(g)</enum><header>Regulations</header>
<paragraph id="ID2cb26905957e476cafccfa6eabe3e6b5"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), the Secretary shall
promulgate such regulations as necessary to carry out the provisions of this
section.</text>
</paragraph><paragraph id="IDedcdc9c2127e43f4bb20ccbde7271669"><enum>(2)</enum><header>Coordination in
prescription of certain regulations</header><text>The Secretary of the
Treasury, in coordination with the Secretary of Transportation and the
Administrator of the Environmental Protection Agency, shall prescribe such
regulations as necessary to determine whether a motor vehicle meets the
requirements to be eligible for a credit under this
section.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id35F38A3B23CE4A5B94A09637704683FF"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="id02699FDCADF645C981CA4BC4B6E4D039"><enum>(A)</enum><text>Section 1016(a)
of the Internal Revenue Code of 1986 is amended by striking <quote>and</quote>
at the end of paragraph (36), by striking the period at the end of paragraph
(37) and inserting <quote>, and</quote>, and by adding at the end the following
new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id4BEF2004594941D5945CA3886DAE3B1D" style="OLC">
<paragraph id="idD390AFFDF99644828E801B0B454FD625"><enum>(38)</enum><text>to the extent
provided in section
30D(e)(1).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idE7BB9310EA444B25BF6B1BAA34AE38F6"><enum>(B)</enum><text>Section 6501(m)
of such Code is amended by inserting <quote>30D(e)(4),</quote> after
<quote>30C(e)(5),</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id1E053710626046BB8FBE88A80ECECE49"><enum>(C)</enum><text>The table of
sections for subpart B of part IV of subchapter A of chapter 1 of such Code is
amended by adding at the end the following new item:</text>
<quoted-block id="ide63f95b3-34c5-469f-8f10-454be9d824e5" style="OLC">
<toc>
<toc-entry idref="id6D6C4D4BA35C423A8FDFA14F8F4184E6" level="section">Sec. 30D. New qualified fuel-efficient motor vehicle
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id02D19308497041FE9B026EA3B21C44C2"><enum>(3)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to
vehicles placed in service after December 31, 2010.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="id5A3417C45D17495081F85399EA32F899" section-type="subsequent-section"><enum>104.</enum><header>Advanced technology
motor vehicles manufacturing credit</header>
<subsection commented="no" display-inline="no-display-inline" id="id4D20497DD39C4284906AA9E5FAE5468E"><enum>(a)</enum><header>In
General</header><text display-inline="yes-display-inline">Subpart B of part IV
of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to
foreign tax credit, etc.), as amended by this Act, is amended by adding at the
end the following new section:</text>
<quoted-block display-inline="no-display-inline" id="idBC4E1B30181B440DB7B25061190392DB" style="OLC">
<section commented="no" display-inline="no-display-inline" id="id004F210C2716432A908997457C75F63A" section-type="subsequent-section"><enum>30E.</enum><header>Advanced technology
motor vehicles manufacturing credit</header>
<subsection commented="no" display-inline="no-display-inline" id="idA8BB25C44A6A4C3B98F3E394A2718F2D"><enum>(a)</enum><header>Credit
allowed</header><text display-inline="yes-display-inline">There shall be
allowed as a credit against the tax imposed by this chapter for the taxable
year an amount equal to 35 percent of so much of the qualified investment of an
eligible taxpayer for such taxable year as does not exceed $75,000,000.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id5B6CB9D0AB354E9B82582937DC27714D"><enum>(b)</enum><header>Qualified
investment</header><text display-inline="yes-display-inline">For purposes of
this section—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id7CE923555DAE4D52A88B9BD7C422C605"><enum>(1)</enum><header>In
General</header><text display-inline="yes-display-inline">The qualified
investment for any taxable year is equal to the incremental costs incurred
during such taxable year—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id1419EC5FDBFF4E12819811B78F903187"><enum>(A)</enum><text display-inline="yes-display-inline">to re-equip, expand, or establish any
manufacturing facility in the United States of the eligible taxpayer to produce
advanced technology motor vehicles or to produce eligible components,</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id9B995EDFAA17482496E7AC7D336A1179"><enum>(B)</enum><text display-inline="yes-display-inline">for engineering integration performed in
the United States of such vehicles and components as described in subsection
(d),</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id7260509F5C244751AAB554465C110904"><enum>(C)</enum><text display-inline="yes-display-inline">for research and development performed in
the United States related to advanced technology motor vehicles and eligible
components, and</text>
</subparagraph><subparagraph id="idCBA84777105E4FE3A129ED67D18682EA"><enum>(D)</enum><text>for employee
retraining with respect to the manufacturing of such vehicles or components
(determined without regard to wages or salaries of such retrained
employees).</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id16C0A8BAB184438DB19C6AF26BC6C6E5"><enum>(2)</enum><header>Attribution
rules</header><text display-inline="yes-display-inline">In the event a facility
of the eligible taxpayer produces both advanced technology motor vehicles and
conventional motor vehicles, or eligible and non-eligible components, only the
qualified investment attributable to production of advanced technology motor
vehicles and eligible components shall be taken into account.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idDE934271A8D64C6694B592EDB5ACEB2E"><enum>(c)</enum><header>Advanced
technology motor vehicles and eligible components</header><text display-inline="yes-display-inline">For purposes of this section—</text>
<paragraph id="idFF0F608471004F2D9440DF9B706DC6A2"><enum>(1)</enum><header>Advanced
technology motor vehicle</header><text>The term <term>advanced technology motor
vehicle</term> means—</text>
<subparagraph id="id3A3BF9C64A4140FD8739096C57556DB4"><enum>(A)</enum><text>any qualified
electric vehicle (as defined in section 30(c)(1)),</text>
</subparagraph><subparagraph id="idA6ED8F71D84E405485F41AD46DA4303D"><enum>(B)</enum><text>any new qualified
fuel cell motor vehicle (as defined in section 30B(b)(3)),</text>
</subparagraph><subparagraph id="idACF4907689AB4755AB210EB437E3837D"><enum>(C)</enum><text>any new advanced
lean burn technology motor vehicle (as defined in section 30B(c)(3)),</text>
</subparagraph><subparagraph id="id8752825D0B7E4D46B5E357BF7A5FADAE"><enum>(D)</enum><text>any new qualified
hybrid motor vehicle (as defined in section 30B(d)(2)(A) and determined without
regard to any gross vehicle weight rating),</text>
</subparagraph><subparagraph id="idC971963327EA4222B80CA869D219520F"><enum>(E)</enum><text>any new qualified
alternative fuel motor vehicle (as defined in section 30B(e)(4), including any
mixed-fuel vehicle (as defined in section 30B(e)(5)(B)),</text>
</subparagraph><subparagraph id="id10409EF2AB114DFB946DF87D18884A1E"><enum>(F)</enum><text>any other motor
vehicle using electric drive transportation technology (as defined in paragraph
(3)), and</text>
</subparagraph><subparagraph id="id9244018DDC9B4D709FFAE6D3344724E6"><enum>(G)</enum><text>any new qualified
fuel-efficient motor vehicle (as defined in section 30D(c)).</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1CEDD42D09044EFEBCE232D14BD4648E"><enum>(2)</enum><header>Eligible
components</header><text display-inline="yes-display-inline">The term
<term>eligible component</term> means any component inherent to any advanced
technology motor vehicle, including—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id19EA037CEA4042BEA29FA9186538DA3F"><enum>(A)</enum><text display-inline="yes-display-inline">with respect to any gasoline or
diesel-electric new qualified hybrid motor vehicle—</text>
<clause commented="no" display-inline="no-display-inline" id="idA8EEF586D6F84442AA91A9B4F5C3D699"><enum>(i)</enum><text display-inline="yes-display-inline">electric motor or generator,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id8E342723C07B40DAB70F742501593ACA"><enum>(ii)</enum><text display-inline="yes-display-inline">power split device,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id596C93AFE6E64549BF916376CF5DA290"><enum>(iii)</enum><text display-inline="yes-display-inline">power control unit,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id94AD02CE16334686AD405D2FCED0361D"><enum>(iv)</enum><text display-inline="yes-display-inline">power controls,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id0AB1768C52AC483BB956208006880251"><enum>(v)</enum><text display-inline="yes-display-inline">integrated starter generator, or</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idFF9CCCF9BC0346C6AEC19DB2E1A9FBD3"><enum>(vi)</enum><text display-inline="yes-display-inline">battery,</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idAB34FEB213684FBA944ECBAB36CC7C3F"><enum>(B)</enum><text display-inline="yes-display-inline">with respect to any hydraulic new qualified
hybrid motor vehicle—</text>
<clause commented="no" display-inline="no-display-inline" id="id2A3D4B1C901A4AF8AC5DF1AA9F4884CF"><enum>(i)</enum><text display-inline="yes-display-inline">hydraulic accumulator vessel,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idE5C2630EF53A4409B7B84E1C5130BDEE"><enum>(ii)</enum><text display-inline="yes-display-inline">hydraulic pump, or</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id51784042B48A45A19638A7DB50425023"><enum>(iii)</enum><text display-inline="yes-display-inline">hydraulic pump-motor assembly,</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id84DFFDF964364DC68AF41D17B61D6F27"><enum>(C)</enum><text display-inline="yes-display-inline">with respect to any new advanced lean burn
technology motor vehicle—</text>
<clause commented="no" display-inline="no-display-inline" id="idB28DFB6C74A04A3386DBF0EBC27A600A"><enum>(i)</enum><text display-inline="yes-display-inline">diesel engine,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id0E3AE15E0AF14BF6B20FDC012C176122"><enum>(ii)</enum><text display-inline="yes-display-inline">turbocharger,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idDEB41F22C5A64424BF1833E5D44CA719"><enum>(iii)</enum><text display-inline="yes-display-inline">fuel injection system, or</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id82D16BDD85BD4D8685FAB002786C0214"><enum>(iv)</enum><text display-inline="yes-display-inline">after-treatment system, such as a particle
filter or NO<subscript>X</subscript> absorber, and</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idC6710ECFF8424A9B8A26A01062D86AA4"><enum>(D)</enum><text display-inline="yes-display-inline">with respect to any advanced technology
motor vehicle, any other component submitted for approval by the
Secretary.</text>
</subparagraph></paragraph><paragraph id="id641E4B494E2A4B0D9C01D981B890773C"><enum>(3)</enum><header>Electric drive
transportation technology</header><text>The term <term>electric drive
transportation technology</term> means technology used by vehicles that use an
electric motor for all or part of their motive power and that may or may not
use off-board electricity, such as battery electric vehicles, fuel cell
vehicles, engine dominant hybrid electric vehicles, plug-in hybrid electric
vehicles, and plug-in hybrid fuel cell vehicles.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id56D32E385E7A4726A69BB6A4BFED30A4"><enum>(d)</enum><header>Engineering
integration costs</header><text display-inline="yes-display-inline">For
purposes of subsection (b)(1)(B), costs for engineering integration are costs
incurred prior to the market introduction of advanced technology vehicles for
engineering tasks related to—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id4475EE06010F4D87AD2B7F423715949D"><enum>(1)</enum><text display-inline="yes-display-inline">establishing functional, structural, and
performance requirements for component and subsystems to meet overall vehicle
objectives for a specific application,</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idBBFAD6F6FAD645BA89DC017C60E63293"><enum>(2)</enum><text display-inline="yes-display-inline">designing interfaces for components and
subsystems with mating systems within a specific vehicle application,</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id8C7F2B7EF8E74B49AF956D6B3456DCE0"><enum>(3)</enum><text display-inline="yes-display-inline">designing cost effective, efficient, and
reliable manufacturing processes to produce components and subsystems for a
specific vehicle application, and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id99BF5DBD956D4A3EBB184E36F1BAE879"><enum>(4)</enum><text display-inline="yes-display-inline">validating functionality and performance of
components and subsystems for a specific vehicle application.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id8C2B7B6DDEA4493F89848C9FC8FA7C8F"><enum>(e)</enum><header>Eligible
taxpayer</header><text display-inline="yes-display-inline">For purposes of this
section, the term <term>eligible taxpayer</term> means any taxpayer if more
than 50 percent of its gross receipts for the taxable year is derived from the
manufacture of motor vehicles or any component parts of such vehicles.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idA8E8C82985214A40AD3E21D1B7B2A2F0"><enum>(f)</enum><header>Limitation
based on amount of tax</header><text display-inline="yes-display-inline">The
credit allowed under subsection (a) for the taxable year shall not exceed the
excess of—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id48A6A59D57B644AC94463EA12BECAFEF"><enum>(1)</enum><text display-inline="yes-display-inline">the sum of—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idF399EBF85E92471686D120D8A2C95FA2"><enum>(A)</enum><text display-inline="yes-display-inline">the regular tax liability (as defined in
section 26(b)) for such taxable year, plus</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idAD098D9322274270A261D9AAD1B71D4C"><enum>(B)</enum><text display-inline="yes-display-inline">the tax imposed by section 55 for such
taxable year and any prior taxable year beginning after 1986 and not taken into
account under section 53 for any prior taxable year, over</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6BE5346805E443EC86E0A4AFF209286E"><enum>(2)</enum><text display-inline="yes-display-inline">the sum of the credits allowable under
subpart A and sections 27, 30, and 30B for the taxable year.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id862A8ECF2F1F425C901AE6BF69F4C671"><enum>(g)</enum><header>Reduction in
basis</header><text display-inline="yes-display-inline">For purposes of this
subtitle, if a credit is allowed under this section for any expenditure with
respect to any property, the increase in the basis of such property which would
(but for this paragraph) result from such expenditure shall be reduced by the
amount of the credit so allowed.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idF980C1E8F70E46D094DF13526680FB7B"><enum>(h)</enum><header>No double
benefit</header>
<paragraph commented="no" display-inline="no-display-inline" id="idB27329799B2349278E9AC79455698B3A"><enum>(1)</enum><header>Coordination
with other deductions and credits</header><text display-inline="yes-display-inline">Except as provided in paragraph (2), the
amount of any deduction or other credit allowable under this chapter for any
cost taken into account in determining the amount of the credit under
subsection (a) shall be reduced by the amount of such credit attributable to
such cost.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id5EC9C45EC5F34EBCB3B1B03EDCD4BB9F"><enum>(2)</enum><header>Research and
development costs</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id84CBF6692CBC447A978A6F9A84EB4FD0"><enum>(A)</enum><header>In
General</header><text display-inline="yes-display-inline">Except as provided in
subparagraph (B), any amount described in subsection (b)(1)(C) taken into
account in determining the amount of the credit under subsection (a) for any
taxable year shall not be taken into account for purposes of determining the
credit under section 41 for such taxable year.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id040AC92CD89E486DBD1E4B71F8D1FE11"><enum>(B)</enum><header>Costs taken
into account in determining base period research expenses</header><text display-inline="yes-display-inline">Any amounts described in subsection
(b)(1)(C) taken into account in determining the amount of the credit under
subsection (a) for any taxable year which are qualified research expenses
(within the meaning of section 41(b)) shall be taken into account in
determining base period research expenses for purposes of applying section 41
to subsequent taxable years.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id9338CBE55C5F4E71913B5D3492553EE6"><enum>(i)</enum><header>Business
carryovers allowed</header><text display-inline="yes-display-inline">If the
credit allowable under subsection (a) for a taxable year exceeds the limitation
under subsection (f) for such taxable year, such excess (to the extent of the
credit allowable with respect to property subject to the allowance for
depreciation) shall be allowed as a credit carryback and carryforward under
rules similar to the rules of section 39.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idACD3F2C3AB28402B823B1E454BD18EB3"><enum>(j)</enum><header>Special
rules</header><text display-inline="yes-display-inline">For purposes of this
section, rules similar to the rules of section 179A(e)(4) and paragraphs (1)
and (2) of section 41(f) shall apply</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id4AE3EFDAA0994A2F932175B9F1672592"><enum>(k)</enum><header>Election not To
take credit</header><text display-inline="yes-display-inline">No credit shall
be allowed under subsection (a) for any property if the taxpayer elects not to
have this section apply to such property.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idB8CB1ADBA6724B3BB95DE592A24EF5F1"><enum>(l)</enum><header>Regulations</header><text display-inline="yes-display-inline">The Secretary shall prescribe such
regulations as necessary to carry out the provisions of this section.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id51AA70D88EE546A69B14DCE0CCD1204C"><enum>(m)</enum><header>Termination</header><text display-inline="yes-display-inline">This section shall not apply to any
qualified investment after December 31,
2010.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id0EA694B1EED14975B688D47C9E7A03AB"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph commented="no" display-inline="no-display-inline" id="idE30029C2DABD46EBA89170ED43B97E5F"><enum>(1)</enum><text display-inline="yes-display-inline">Section 1016(a) of the Internal Revenue
Code of 1986 is amended by striking <quote>and</quote> at the end of paragraph
(36), by striking the period at the end of paragraph (37) and inserting
<quote>, and</quote>, and by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="idDFB2C2AD81F242C798D7C1860412A558" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id1DC108286FFD44B2A1D3CE20BBBB959F"><enum>(38)</enum><text display-inline="yes-display-inline">to the extent provided in section
30E(g).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idB96BBD4C26DD405E8657EAF9EAB6A9E9"><enum>(2)</enum><text display-inline="yes-display-inline">Section 6501(m) of such Code is amended by
inserting <quote>30E(k),</quote> after <quote>30C(e)(5),</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id3164BE63A9D2464BBC10D06A456D9744"><enum>(3)</enum><text display-inline="yes-display-inline">The table of sections for subpart B of part
IV of subchapter A of chapter 1 of such Code is amended by inserting after the
item relating to section 30D the following new item:</text>
<quoted-block display-inline="no-display-inline" id="id9D9D8BC5152F48269744B20CA1DB3C3B" style="USC">
<toc regeneration="no-regeneration">
<toc-entry bold="off" level="section">Sec. 30E. Advanced technology
motor vehicles manufacturing
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idA78A1FBC41694C70A13575A757B5B0DA"><enum>(c)</enum><header>Effective
date</header><text display-inline="yes-display-inline">The amendments made by
this section shall apply to amounts incurred in taxable years beginning after
December 31, 2006.</text>
</subsection></section><section id="idF5148511CC744FE2984C70F3ED20D3D4"><enum>105.</enum><header>Increase in
maximum allowable gross weight for vehicles using the National System of
Interstate and Defense Highways</header>
<subsection id="idADE7D6EDB85E42E9AB91E8BA6D22D72D"><enum>(a)</enum><header>Special rule
for vehicles with a supplementary sixth axle</header><text>Not later than 180
days after the Secretary of Transportation makes a positive determination under
subsection (d), the Secretary of Transportation shall promulgate regulations,
in accordance with section 127(a) of title 23, United States Code, that set the
maximum allowable gross weight for a vehicle using the National System of
Interstate and Defense Highways at 97,000 pounds for vehicles with a
supplementary sixth axle.</text>
</subsection><subsection id="id957425ABA55C46CAA0B3D7D5489659B9"><enum>(b)</enum><header>Conditions on
regulations</header><text>The regulations promulgated under subsection
(a)—</text>
<paragraph id="idE3223AB7ECDB47A79E6608E024027DC3"><enum>(1)</enum><text>shall ensure that
a loaded tractor trailer with a supplementary sixth axle and a gross weight of
not more than 97,000 pounds that is traveling at 60 miles per hour has a
stopping distance of not greater than 355 feet; and</text>
</paragraph><paragraph id="idD5ECC3C44C664C13A9B3EDAEEE07E6BA"><enum>(2)</enum><text>shall not require
a fundamental alteration of the vehicle architecture that is common for use in
the transportation of goods as of the day before the date of the enactment of
this Act.</text>
</paragraph></subsection><subsection id="IDd66b62a20d47440fb4d53718890ae6b8"><enum>(c)</enum><header>Study</header><text>The
Secretary of Transportation shall conduct a study that—</text>
<paragraph id="idE8FA59F78C42446D8E4712A4E3151968"><enum>(1)</enum><text>analyzes the
safety impacts of allowing significantly longer and heavier vehicles to use the
National System of Interstate and Defense Highways than are allowed under
regulations in effect as of the day before the date of the enactment of this
Act; and</text>
</paragraph><paragraph id="idCD941114FEB74DE99A7148D4C7488D39"><enum>(2)</enum><text>considers the
potential impact on highway safety of applying lower speed limits on such
vehicles than the limits in effect on the day before the date of the enactment
of this Act.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id3183DE23D2FB46D9B6758DC2ADD93E44"><enum>(d)</enum><header>Determination</header><text>Not
later than 180 days after the date of the enactment of this Act, the Secretary
of Transportation shall determine whether allowing significantly longer and
heavier vehicles to use the National System of Interstate and Defense Highways
than are allowed as of the day before the date of the enactment of this Act
would have a material impact on highway safety.</text>
</subsection></section><enum>II</enum><header>Increased use of
alternative fuels and infrastructure</header>
<section id="id0C06CA185AD44A5397BEDE44CA488D20"><enum>201.</enum><header>Renewable fuel
standard</header><text display-inline="no-display-inline">Section 211(o) of the
Clean Air Act (42 U.S.C. 7545(o) is amended—</text>
<paragraph id="id3BDF26B350C64EB7A63CA9853A68D0A4"><enum>(1)</enum><text>in paragraph
(2)(B)—</text>
<subparagraph id="idAE0EED510D484D52BC4FD9D3DE9CF8AF"><enum>(A)</enum><text display-inline="yes-display-inline">by striking clause (i) and inserting the
following:</text>
<quoted-block display-inline="no-display-inline" id="id0FB6BD13386941BE86A06578F267D025" style="OLC">
<clause id="id1D13CBD6192A4B03A79800C75A54558F"><enum>(i)</enum><header>Calendar years
2006 through 2020</header>
<subclause id="id5A3E774D934A4443A91322126F7A0CAD"><enum>(I)</enum><header>Renewable
fuel</header><text>For the purpose of subparagraph (A), subject to subclause
(II), the applicable total volume for any of calendar years 2006 through 2020
shall be determined in accordance with the following table:</text>
<table align-to-level="section" frame="none" line-rules="no-gen" rule-weights="0.0.0.4.0.0" subformat="S6211" table-type="subformat-2-Flush/hang:-1-text,-1-num,-bold-hds">
<tgroup cols="2"><colspec coldef="txt" colname="col1" colsep="0" colwidth="275" min-data-value="0"></colspec><colspec coldef="txt" colname="col2" colsep="0" colwidth="100" min-data-value="0"></colspec>
<thead>
<row><entry align="left" colname="I49" rowsep="0"><bold><?xm-replace_text {Table Head Entry}?></bold></entry><entry align="right" colname="I50" rowsep="0"><bold>Applicable total volume of
renewable fuel</bold></entry>
</row>
<row><entry align="left" colname="I49" rowsep="0"><bold>Calendar
year:</bold></entry><entry align="right" colname="I50" rowsep="0"><bold>(in
billions of gallons):</bold></entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2006</entry><entry align="right" colname="I07" rowsep="0">4.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2007</entry><entry align="right" colname="I07" rowsep="0">4.7</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2008</entry><entry align="right" colname="I07" rowsep="0">7.1</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2009</entry><entry align="right" colname="I07" rowsep="0">9.5</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2010</entry><entry align="right" colname="I07" rowsep="0">12.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2011</entry><entry align="right" colname="I07" rowsep="0">12.6</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2012</entry><entry align="right" colname="I07" rowsep="0">13.2</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2013</entry><entry align="right" colname="I07" rowsep="0">13.8</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2014</entry><entry align="right" colname="I07" rowsep="0">14.4</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2015</entry><entry align="right" colname="I07" rowsep="0">15.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2016</entry><entry align="right" colname="I07" rowsep="0">18.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2017</entry><entry align="right" colname="I07" rowsep="0">21.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2018</entry><entry align="right" colname="I07" rowsep="0">24.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2019</entry><entry align="right" colname="I07" rowsep="0">27.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2020</entry><entry align="right" colname="I07" rowsep="0">30.0.</entry>
</row>
</tbody>
</tgroup>
</table>
</subclause><subclause id="idA86EE7B18F704830830A9F8384337776"><enum>(II)</enum><header>Cellulosic
biomass ethanol</header><text>For the purpose of paragraph (1), of the total
volume of renewable fuel required under subclause (I), the applicable volume
for any of calendar years 2012 through 2020 for cellulosic biomass ethanol
shall be determined in accordance with the following table:</text>
<table align-to-level="section" frame="none" line-rules="no-gen" rule-weights="0.0.0.4.0.0" subformat="S6211" table-type="subformat-2-Flush/hang:-1-text,-1-num,-bold-hds">
<tgroup cols="2"><colspec coldef="txt" colname="col1" colsep="0" colwidth="275" min-data-value="0"></colspec><colspec coldef="txt" colname="col2" colsep="0" colwidth="100" min-data-value="0"></colspec>
<thead>
<row><entry align="left" colname="I49" rowsep="0"><bold><?xm-replace_text {Table Head Entry}?></bold></entry><entry align="right" colname="I50" rowsep="0"><bold>Applicable volume of cellulosic
biomass ethanol</bold></entry>
</row>
<row><entry align="left" colname="I49" rowsep="0"><bold>Calendar
year:</bold></entry><entry align="right" colname="I50" rowsep="0"><bold>(in
billions of gallons):</bold></entry>
</row>
</thead>
<tbody>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2012</entry><entry align="right" colname="I07" rowsep="0">0.25</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2013</entry><entry align="right" colname="I07" rowsep="0">1.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2014</entry><entry align="right" colname="I07" rowsep="0">3.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2015</entry><entry align="right" colname="I07" rowsep="0">5.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2016</entry><entry align="right" colname="I07" rowsep="0">7.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2017</entry><entry align="right" colname="I07" rowsep="0">9.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2018</entry><entry align="right" colname="I07" rowsep="0">11.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2019</entry><entry align="right" colname="I07" rowsep="0">13.0</entry>
</row>
<row><entry align="left" colname="I15" rowsep="0" stub-definition="txt-ldr">2020</entry><entry align="right" colname="I07" rowsep="0">15.0</entry>
</row>
</tbody>
</tgroup></table>
</subclause></clause><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="idDD49B1C50C644B52AA413DBEF6453FF7"><enum>(B)</enum><text>in clause
(ii)—</text>
<clause id="id85AE90FD5CEE40F592E522714CF768F5"><enum>(i)</enum><text>in
the clause heading, by striking <quote><header-in-text level="clause" style="OLC">2013</header-in-text></quote> and inserting <quote><header-in-text level="clause" style="OLC">2021</header-in-text></quote>;</text>
</clause><clause id="idFE8C28309B9149C48BE5271EEA652974"><enum>(ii)</enum><text>by
striking <quote>2013</quote> and inserting <quote>2021</quote>; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id0FF6DF698CD848878C1CF2803C245F14"><enum>(iii)</enum><text>by striking
<quote>2012</quote> and inserting <quote>2020</quote>;</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id922C51F3FD4A460B9B1FFEF3C284C0AE"><enum>(C)</enum><text>in clause (iii),
by striking <quote>thereafter—</quote> and all that follows through <quote>(II)
the</quote> and inserting <quote>thereafter, the</quote>;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id7821C5DA68DC4A2A98CDC1B02AC4F900"><enum>(D)</enum><text>in clause
(iv)—</text>
<clause commented="no" display-inline="no-display-inline" id="id779B8EA277E2433986A102DC760D454A"><enum>(i)</enum><text>by striking
<quote>2013</quote> and inserting <quote>2021</quote>; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id34A27F4B00324C31A9C5A1EC0B9A4CE9"><enum>(ii)</enum><text>in subclause
(II)(bb), by striking <quote>2012</quote> and inserting
<quote>2020</quote>;</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id5DAB180678BD4D348A54D8B4844776E5"><enum>(2)</enum><text>in paragraph
(3)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id6B314DA4FDDA4516A3AED3D891A09737"><enum>(A)</enum><text>in subparagraph
(A), by striking <quote>2011</quote> and inserting <quote>2019</quote>;
and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id1BC0C9A56A66431FA8076D188161628B"><enum>(B)</enum><text>in subparagraph
(B)(i), by striking <quote>2012</quote> and inserting <quote>2020</quote>;
and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id4DFD2FA6D54C4CD18B746B0803D9118F"><enum>(3)</enum><text>in paragraph
(6)(A), by striking <quote>2012</quote> and inserting
<quote>2020</quote>.</text>
</paragraph></section><section id="id1323DA8EA7BE4089A2167FB426BF140F"><enum>202.</enum><header>Modification
of credit for alternative fuel vehicle refueling property</header>
<subsection commented="no" display-inline="no-display-inline" id="id5A6F5DB8CF9F49369002D967FD7CDF9F"><enum>(a)</enum><header>Increase in
credit amount</header>
<paragraph commented="no" display-inline="no-display-inline" id="id93DC4368A9E54B34B43800AEE04BC8F2"><enum>(1)</enum><header>In
general</header><text>Subsection (a) of section 30C of the Internal Revenue
Code of 1986 (relating to alternative fuel vehicle refueling property credit)
is amended by striking <quote>30 percent</quote> and inserting <quote>35
percent</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idFF51972A6BAF465980FD7367D51116D2"><enum>(2)</enum><header>Further
increase for blender pumps</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id1BBDA6ACD45D4CDD8DF1C060B28EC824"><enum>(A)</enum><header>In
general</header><text>Section 30C(a) of such Code, as amended by paragraph (1),
is amended by inserting <quote>(40 percent in the case of any qualified
alternative fuel vehicle refueling property which is a blender pump)</quote>
after <quote>property</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id73830EBC3E3C42EA846B71702EDF685B"><enum>(B)</enum><header>Blender
pump</header><text>Section 30C(c) of such Code is amended by adding at the end
the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id6A97C778F2D74D6892814558FEE0BDDA" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id991CD7CF656B4D6A8394B8F803BC3285"><enum>(3)</enum><header>Blender
pump</header><text>The term <term>blender pump</term> means any fuel pump
which, with respect to any fuel described in paragraph (1)(A)(i)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id4B355CFAE7374368A08287C620D9A328"><enum>(A)</enum><text>sources ethanol
and gasoline products from separate underground storage tanks,</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id8EE29BA42A134ED9AB5DFDA1565110C1"><enum>(B)</enum><text>incorporates the
use of inlet valves from such tanks to enable varying amounts of ethanol and
gasoline products to be blended within a chamber in the pump, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idE1D331D0A1964742B2D438CA5221BD2A"><enum>(C)</enum><text>dispenses the
various blends of ethanol and gasoline products through separate
hoses.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection><subsection id="id679F2D56994A4FCA99EDED9E1CABF747"><enum>(b)</enum><header>Credit allowed
for blended ethanol other than E85</header><text>Subparagraph (A) of section
30C(c)(1) of the Internal Revenue Code of 1986 (defining qualified alternative
fuel vehicle refueling property) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="id501B3219BB9243788BBE2F1F437D896A" style="OLC">
<subparagraph id="idD1C25FC770344A7D89F04ED893E2BD5D"><enum>(A)</enum><text>at least—</text>
<clause id="id0BBAEE63E22D40569BD65257D1E5A291"><enum>(i)</enum><text>11 percent of the
volume of which consists of ethanol, or</text>
</clause><clause id="id53D965F73BCC41F096E599FD2CCA4611"><enum>(ii)</enum><text>85 percent of
the volume of which consists of one or more of the following: natural gas,
compressed natural gas, liquefied natural gas, liquified petroleum gas, or
hydrogen,
or</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id43343864419243F0A4A179FF00AD3341"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service after the date of the enactment of this Act.</text>
</subsection></section><section id="id31B213318CD24EC48EF242C38D811029"><enum>203.</enum><header>Ethanol-blend
fuel infrastructure</header><text display-inline="no-display-inline">Section
211(o) of the Clean Air Act (42 U.S.C. 7545(o)) is amended by adding at the end
the following:</text>
<quoted-block display-inline="no-display-inline" id="idE31F1D83415744F7B5D6902ECC92FC06" style="OLC">
<paragraph id="id0795F86154B144178A5613896DAE4096"><enum>(11)</enum><header>Installation
of ethanol-blend fuel pumps by covered owners at stations</header>
<subparagraph id="id317C590E8C404264BD3B8194E6062DFE"><enum>(A)</enum><header>Definitions</header><text>In
this paragraph:</text>
<clause id="idCE62C1D4FD5B4AC0AEF922B778B330F1"><enum>(i)</enum><header>Covered
owner</header><text>The term <term>covered owner</term> means any person that,
individually or together with any other person with respect to which the person
has an affiliate relationship or significant ownership interest, owns 10 or
more retail station outlets, as determined by the Secretary.</text>
</clause><clause id="id6E24ADD0F3C24BCD96231D6AD0C09EFB"><enum>(ii)</enum><header>Ethanol-blend
fuel</header><text>The term <term>ethanol-blend fuel</term> means a blend of
gasoline not more than 85 percent, nor less than 80 percent, of the content of
which is derived from ethanol produced in the United States, as defined by the
Secretary in a manner consistent with applicable standards of the American
Society for Testing and Materials.</text>
</clause><clause id="id4C4C534DE00F4FA2AB889D9A61739381"><enum>(iii)</enum><header>Secretary</header><text>The
term <term>Secretary</term> means the Secretary of Energy, acting in
consultation with the Administrator and the Secretary of Agriculture.</text>
</clause></subparagraph><subparagraph id="idA9E3415E49DF4F83A5828979A2F78757"><enum>(B)</enum><header>Assessment</header><text>Not
later than 5 years after the date of enactment of this paragraph, the Secretary
shall make an assessment of the progress made toward the creation of adequate
infrastructure for the production and distribution of ethanol-blend fuel
(including the creation of adequate qualified alternative fuel vehicle
refueling property that is a blender pump).</text>
</subparagraph><subparagraph id="idB844713E50BE47369082C476F72F5B57"><enum>(C)</enum><header>Regulations</header><text>If
the Secretary determines (in the assessment made under subparagraph (B)) that
adequate progress has not been made toward the creation of adequate
infrastructure for the production and distribution of ethanol-blend fuel, the
Secretary shall promulgate regulations to ensure, to the maximum extent
practicable, that each covered owner installs or otherwise makes available 1 or
more pumps that dispense ethanol-blend fuel (including any other equipment
necessary, such as tanks, to ensure that the pumps function properly) at not
less than the applicable percentage of the retail station outlets of the
covered owner specified in subparagraph (D).</text>
</subparagraph><subparagraph id="IDB63724A5756943EA90607280AF14ED17"><enum>(D)</enum><header>Applicable
percentages</header><text>For the purpose of subparagraph (C), the applicable
percentage of the retail station outlets shall be—</text>
<clause id="idADE49B5BE13B4E57AAD65871A10EC68E"><enum>(i)</enum><text>during the
10-year period beginning on the date of any determination made under
subparagraph (C), 10 percent; and</text>
</clause><clause id="id8F6EE03BDC9148928F0C6B59A0BEDBC1"><enum>(ii)</enum><text>after the
10-year period described in clause (i), 20 percent.</text>
</clause></subparagraph><subparagraph id="id0F11EAD9E51341C38253191BD94FC365"><enum>(E)</enum><header>Financial
responsibility</header><text>In promulgating regulations under subparagraph
(C), the Secretary shall ensure that each covered owner described in that
subparagraph assumes full financial responsibility for the costs of installing
or otherwise making available the pumps described in that subparagraph and any
other equipment necessary (including tanks) to ensure that the pumps function
properly.</text>
</subparagraph><subparagraph id="id34F91D7B83FC4085A381AD0E6D380A53"><enum>(F)</enum><header>Production
credits for exceeding ethanol-blend fuel pumps installation
requirement</header>
<clause id="idB4368B9437654FF5BEA47454453B87A4"><enum>(i)</enum><header>Earning and
period for applying credits</header><text>If the percentage of the retail
station outlets of a covered owner at which the covered owner installs
ethanol-blend fuel pumps in a particular calendar year exceeds the percentage
required under subparagraph (D), the covered owner shall earn credits under
this paragraph, which may be applied to any of the 3 consecutive calendar years
immediately after the calendar year for which the credits are earned.</text>
</clause><clause id="idD3D00CBD869641899081B99FB5A57CAA"><enum>(ii)</enum><header>Trading
credits</header><text>A covered owner that has earned credits under clause (i)
may sell credits to another covered owner to enable the purchaser to meet the
requirement under subparagraph
(D).</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="id3F25A1DA19A244EAAA0575EA48FC49D7"><enum>204.</enum><header>Requirement to
increase percentage of dual fueled automobiles</header>
<subsection id="id8ED9147F378A4EA68BB474B2239EB4E4"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 32902 of
title 49, United States Code, is amended by inserting after subsection (e) the
following:</text>
<quoted-block display-inline="no-display-inline" id="id70EC9EC613F84092A7B5B6782E2DC079" style="OLC">
<subsection id="id3D1CA22DBC44449397C51FE84C225012"><enum>(f)</enum><header>Requirement for
annual increase in duel fueled automobiles</header><text>Each manufacturer
shall ensure that the percentage of automobiles manufactured by such
manufacturer in each of model years 2012 through 2022 that are dual fueled
automobiles is not less than 10 percentage points greater than the percentage
of automobiles manufactured by such manufacturer in the previous model year
that are dual fueled
automobiles.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="id884A32CA9F744DEA99BA6DDB3725293F"><enum>(b)</enum><header>Effective
date</header><text>The amendment made by subsection (a) shall take effect on
the date specified in section 102(c).</text>
</subsection></section><section id="id415A0F3BB06A43FFBE0FEBB912B525E5"><enum>205.</enum><header>Emerging
biofuels</header>
<subsection id="id97A34BDB0AB9449EB920E60308CAD6EF"><enum>(a)</enum><header>Establishment
of incentive program</header><text>The Secretary of Energy (referred to in this
section as the <term>Secretary</term>) shall establish a program under which
the Secretary shall provide to eligible entities such incentives (including
grants, tax credits, loans, and loan guarantees) as the Secretary determines to
be appropriate for the production of cellulosic ethanol and other emerging
biofuels derived from renewable sources (including municipal solid
waste).</text>
</subsection><subsection id="idF8F1405E9F7F40E3B14A26EA7D5DB19F"><enum>(b)</enum><header>Application</header><text>To
be eligible to receive an incentive under this section, an eligible entity
shall submit to the Secretary an application at such time, in such manner, and
containing such information as the Secretary may require, including—</text>
<paragraph id="idEF65CFB67C51404297351D43DABDE584"><enum>(1)</enum><text>a description of
the project for which the incentive will be used;</text>
</paragraph><paragraph id="id795AACE815EA493987661C6663AD5457"><enum>(2)</enum><text>a description of
the use by the eligible entity of the incentive; and</text>
</paragraph><paragraph id="id59B83F6D4B8F4BA5A5F62CDA0DAC82A1"><enum>(3)</enum><text>an estimate of
the annual production using the incentive by the eligible entity of cellulosic
ethanol or another biofuel, expressed on a per-gallon basis.</text>
</paragraph></subsection><subsection id="id072C0EE7F42B41ACB6415EE182EAC44D"><enum>(c)</enum><header>Selection
requirements</header>
<paragraph id="id1BC829704C6A4EEC9281443D707D298F"><enum>(1)</enum><header>Minimum number
of incentives</header><text>The Secretary shall provide incentives under this
section to not less than 6 biorefineries located in different regions of the
United States.</text>
</paragraph><paragraph id="idF933E38913F9429E8C4E3EA04A221DE4"><enum>(2)</enum><header>Least-cost
incentives</header><text>The Secretary shall provide incentives under this
section only to eligible entities the applications of which reflect the
least-cost use of the incentives, on a per-gallon basis, with respect to
similar projects.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id2624578423E4483E83470055F556BF98"><enum>(d)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to carry
out this section $500,000,000.</text>
</subsection></section><section id="id42B510F9B25F46A9A838E669CC0F88B7"><enum>206.</enum><header>Biodiesel</header>
<subsection id="IDf1d9645558764fd684e70eb5de3862d3"><enum>(a)</enum><header>In
general</header><text>Not later than 180 days after the date of enactment of
this Act, the Secretary of Energy shall submit to Congress a report on any
research and development challenges inherent in increasing to 5 percent the
proportion of diesel fuel sold in the United States that is biodiesel, as
defined in section 757 of the Energy Policy Act of 2005 (42 U.S.C.
16105).</text>
</subsection><subsection id="IDaffd5e63f5e44b849b85220ebec0de27"><enum>(b)</enum><header>Regulations</header><text>The
Administrator of the Environmental Protection Agency shall promulgate
regulations providing for the uniform labeling of biodiesel blends that are
certified to meet applicable standards published by the American Society for
Testing and Materials.</text>
</subsection></section><section id="id12F028978D9F4E05983CE078B12BD5B5"><enum>207.</enum><header>Unconventional
fossil fuels</header>
<subsection id="IDaaf69e6493694a6ab99318c48df311bf"><enum>(a)</enum><header>In
general</header><text>The Secretary of Energy shall carry out a 10-year carbon
capture research and development program to develop carbon dioxide capture
technologies that can be used in the recovery of liquid fuels from oil shale
and the production of liquid fuels in coal utilization facilities to minimize
the emissions of carbon dioxide from those processes.</text>
</subsection><subsection id="IDadb57cf663944da2a25a86567dfb79ea"><enum>(b)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated to
carry out this section—</text>
<paragraph id="ID20182b9f1d3c4fd49f5eb3e9137d6869"><enum>(1)</enum><text>$50,000,000 for
the period of fiscal years 2008 through 2012; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID3a9d870861554c359a0ad23ff8861433"><enum>(2)</enum><text>$100,000,000 for
the period of fiscal years 2013 through 2017.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="id47C0D81337FA44D4B42A983412166010"><enum>208.</enum><header>Study of
incentives for renewable fuels</header>
<subsection commented="no" display-inline="no-display-inline" id="id573BB378FD65499E8621601A83391956"><enum>(a)</enum><header>Study</header><text>The
Secretary of Agriculture (in consultation with the Secretary of Energy, the
Secretary of the Treasury, the Administrator of the Environmental Protection
Agency, representatives of the biofuels industry, the oil industry, and other
interested parties) shall conduct a study of the renewable fuels industry and
markets in the United States, including—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id68986C5B389449079E88D8DE339CB110"><enum>(1)</enum><text>the costs to
produce corn-based and cellulosic-based ethanol and biobutanol, biodiesel, and
other emerging biofuels;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idF50BC7438F444196A9DB703466C8D847"><enum>(2)</enum><text>the factors
affecting the future market prices for those biofuels, including world oil
prices; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id41C3F7975DB446D09B77B60944FD9A41"><enum>(3)</enum><text>the level of tax
incentives necessary, to the maximum extent practicable, to grow the biofuels
industry of the United States to reduce the dependence of the United States on
foreign oil during calendar years 2011 through 2030.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id1F6939DC325944B2B02F6A53757565C3"><enum>(b)</enum><header>Goals</header><text>The
study shall include an analysis of the types and advantages and disadvantages
of tax incentive options to, to the maximum extent practicable—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id5DD243E201964FC2BC5114A4DEE15983"><enum>(1)</enum><text>limit the overall
cost of the tax incentives to the Federal Government;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idDDB2A64316FE440DB6DF9684EDD0275C"><enum>(2)</enum><text>encourage
expansion of the biofuels industry by ensuring that new plants and
recently-built plants can fully amortize the investments in the plants;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idCEE58CB1B4D84E30A499AB74E16A7852"><enum>(3)</enum><text>reward
energy-efficient and low carbon-emitting technologies;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idB4458FC3086640AA99F1EE2D1CC059D4"><enum>(4)</enum><text>ensure that
pioneering processes (such as those that convert cellulosic feedstocks like
corn stover and switch grass to ethanol) are economically competitive with
fossil fuels;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id13872B4922424278BE54D26F52492827"><enum>(5)</enum><text>encourage
agricultural producer equity participation in ethanol plants; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id441C8CC3DAF248EBAAB626BF190CEC24"><enum>(6)</enum><text>encourage the
development of higher blend markets, such as E–20, E–30, and E–85.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idA26EA69FF8C5489BACE1A55C3179F159"><enum>(c)</enum><header>Report</header><text>Not
later than 1 year after the date of enactment of this Act, the Secretary of
Agriculture shall submit a report that describes the results of the study
to—</text>
<paragraph id="id46A665164A4C4C37A0CE240AE598C187"><enum>(1)</enum><text>the Committee on
Agriculture, Nutrition, and Forestry of the Senate;</text>
</paragraph><paragraph id="id8D81C6F2E9DB421E9BBD97349B63936F"><enum>(2)</enum><text>the Committee on
Energy and Natural Resources of the Senate;</text>
</paragraph><paragraph id="id34F2D9DB1B804B0EAB28D0104660772F"><enum>(3)</enum><text>the Committee on
Environment and Public Works of the Senate;</text>
</paragraph><paragraph id="id3333AD62ACBF4EE29ACE01CE67378A04"><enum>(4)</enum><text>the Committee on
Finance of the Senate;</text>
</paragraph><paragraph id="id93048DEC7EE342FC8357AC406552BC59"><enum>(5)</enum><text>the Committee on
Agriculture of the House of Representatives;</text>
</paragraph><paragraph id="idF87371247123480BA74E80FB4F076EED"><enum>(6)</enum><text>the Committee on
Energy and Commerce of the House of Representatives; and</text>
</paragraph><paragraph id="idDB3A75ED4A024427AECEC8402D16B770"><enum>(7)</enum><text>the Committee on
Ways and Means of the House of Representatives.</text>
</paragraph></subsection></section><enum>III</enum><header>Development and
inventory of certain outer Continental Shelf resources</header>
<section id="id0390DD9AEFB846FF8242D2298511DEF4"><enum>301.</enum><header>Definition</header><text display-inline="no-display-inline">In this title, the term <term>United States
person</term> means—</text>
<paragraph id="idA992539980B040DBA469FCD0C878FF07"><enum>(1)</enum><text display-inline="yes-display-inline">any United States citizen or alien lawfully
admitted for permanent residence in the United States; and</text>
</paragraph><paragraph id="idB6EFD05F84404286AE66CFE73FE158C9"><enum>(2)</enum><text>any person other
than an individual, if 1 or more individuals described in paragraph (1) own or
control at least 51 percent of the securities or other equity interest in the
person.</text>
</paragraph></section><section id="ID7338347e8e51423c93047a96ba5f27fa"><enum>302.</enum><header>Authorization
of activities and exports involving hydrocarbon resources by United States
persons</header><text display-inline="no-display-inline">Notwithstanding any
other provision of law (including a regulation), United States persons
(including agents and affiliates of those United States persons) may—</text>
<paragraph id="idB7952D08557B4EE1A7DC8D623DBBD997"><enum>(1)</enum><text>engage in any
transaction necessary for the exploration for and extraction of hydrocarbon
resources from any portion of any foreign exclusive economic zone that is
contiguous to the exclusive economic zone of the United States; and</text>
</paragraph><paragraph id="id307D350E3900425698C7F2FC9668C7DF"><enum>(2)</enum><text>export without
license authority all equipment necessary for the exploration for or extraction
of hydrocarbon resources described in paragraph (1).</text>
</paragraph></section><section id="ID340ded986d3147f0ae6bc7f6ffb431cf"><enum>303.</enum><header>Travel in
connection with authorized hydrocarbon exploration and extraction
activities</header><text display-inline="no-display-inline">Section 910 of the
Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7209) is
amended by inserting after subsection (b) the following:</text>
<quoted-block display-inline="no-display-inline" id="idA015D180E63D4402A072AA8E15528183" style="OLC">
<subsection id="ID30b510fb54f94ecc8bbd63e8ec01b209"><enum>(c)</enum><header>General license
authority for travel-related expenditures by persons engaging in hydrocarbon
exploration and extraction activities</header>
<paragraph id="ID9df2c692520a46e2a6bdca3b4a246704"><enum>(1)</enum><header>In
general</header><text>The Secretary of the Treasury shall, authorize under a
general license the travel-related transactions listed in section 515.560(c) of
title 31, Code of Federal Regulations, for travel to, from or within Cuba in
connection with exploration for and the extraction of hydrocarbon resources in
any part of a foreign maritime Exclusive Economic Zone that is contiguous to
the United States’ Exclusive Economic Zone.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDd6ed0eb59ae34eaf89ab49be4a51eacf"><enum>(2)</enum><header>Persons
authorized</header><text>Persons authorized to travel to Cuba under this
section include full-time employees, executives, agents, and consultants of oil
and gas producers, distributors, and
shippers.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="idE66A21ADB548469CB4BCAF680C2E5CA6"><enum>304.</enum><header>Moratorium of
oil and gas leasing in certain areas of the Gulf of Mexico</header>
<subsection id="idC2AC354BF6A1415EBBDBC590B05646E4"><enum>(a)</enum><header>In
general</header><text>Section 104(a) of the Gulf of Mexico Energy Security Act
of 2006 (43 U.S.C. 1331 note; Public Law 109–432) is amended—</text>
<paragraph id="id7C14CD1FEA1840338FDE34D0D435E9E9"><enum>(1)</enum><text>by striking
paragraph (1);</text>
</paragraph><paragraph id="idA270AA0A636447199AFBA9B656F6F52D"><enum>(2)</enum><text>in paragraph (2),
by striking <quote>125 miles</quote> and inserting <quote>45
miles</quote>;</text>
</paragraph><paragraph id="idF49E6F1A0CFB4807A5E2DC978B0850C6"><enum>(3)</enum><text>in paragraph (3),
by striking <quote>100 miles</quote> each place it appears and inserting
<quote>45 miles</quote>; and</text>
</paragraph><paragraph id="id28BB3732109245C5B57BC8A5AF1A12BD"><enum>(4)</enum><text>by redesignating
paragraphs (2) and (3) as paragraphs (1) and (2), respectively.</text>
</paragraph></subsection><subsection id="id5D324B1E924842F59F528EF0B3CAFD4C"><enum>(b)</enum><header>Regulations</header>
<paragraph id="id75FDEDEA6E244509BB94FDD9374B6978"><enum>(1)</enum><header>In
general</header><text>The Secretary of the Interior shall promulgate
regulations that establish appropriate environmental safeguards for the
exploration and production of oil and natural gas on the outer Continental
Shelf.</text>
</paragraph><paragraph id="idDFCCF93EA1324DA5880E8F6323896F74"><enum>(2)</enum><header>Minimum
requirements</header><text>At a minimum, the regulations shall include—</text>
<subparagraph id="id6A7FA5564B274BB68EB51272CC8C9A74"><enum>(A)</enum><text>provisions
requiring surety bonds of sufficient value to ensure the mitigation of any
foreseeable incident;</text>
</subparagraph><subparagraph id="idFE3D08E8B0C94DF1964E52BEC9062B7A"><enum>(B)</enum><text>provisions
assigning liability to the leaseholder in the event of an incident causing
damage or loss, regardless of the negligence of the leaseholder or lack of
negligence;</text>
</subparagraph><subparagraph id="id7642F39188A94359A4DBB878F0400686"><enum>(C)</enum><text>provisions no
less stringent than those contained in the Spill Prevention, Control, and
Countermeasure regulations promulgated under the Oil Pollution Act of 1990 (33
U.S.C. 2701 et seq.);</text>
</subparagraph><subparagraph id="idA39BF91EEDCF45D78832A51119CA189D"><enum>(D)</enum><text>provisions
ensuring that—</text>
<clause id="id64344A3A887143E19D2D0AA283AC8B1F"><enum>(i)</enum><text>no
facility for the exploration or production of resources is visible to the
unassisted eye from any shore of any coastal State; and</text>
</clause><clause id="idBD6E203D5EB24504B0A83AF683275F2E"><enum>(ii)</enum><text>the impact of
offshore production facilities on coastal vistas is otherwise mitigated;</text>
</clause></subparagraph><subparagraph id="id4ADF66B0C9154737881C0C4E0E9B920A"><enum>(E)</enum><text>provisions to
ensure, to the maximum extent practicable, that exploration and production
activities will result in no significant adverse effect on fish or wildlife
(including habitat), subsistence resources, or the environment; and</text>
</subparagraph><subparagraph id="id8906795D5AFD40C88D751550E070B8EB"><enum>(F)</enum><text>provisions that
will impose seasonal limitations on activity to protect breeding, spawning, and
wildlife migration patterns.</text>
</subparagraph></paragraph></subsection><subsection id="ID19dc9c085a69489aba3533d9dd6105fe"><enum>(c)</enum><header>Conforming
amendment</header><text>Section 105 of the Department of the Interior,
Environment, and Related Agencies Appropriations Act, 2006 (Public Law 109-54;
119 Stat. 521) (as amended by section 103(d) of the Gulf of Mexico Energy
Security Act of 2006 (43 U.S.C. 1331 note; Public Law 109–432)) is amended by
inserting <quote>and any other area that the Secretary of the Interior may
offer for leasing, preleasing, or any related activity under section 104 of
that Act</quote> after <quote>2006)</quote>.</text>
</subsection></section><section id="id9FC7FDE2942F489AB679954456A878EB"><enum>305.</enum><header>Inventory of
outer Continental Shelf oil and natural gas resources off southeastern coast of
the United States</header>
<subsection id="id08E444A4DFBF4865AE654D5A012B2EE7"><enum>(a)</enum><header>In
general</header><text>The Secretary of the Interior (referred to in this
section as the <quote>Secretary</quote>) may conduct an inventory of oil and
natural gas resources beneath the waters of the outer Continental Shelf (as
defined in section 2 of the Outer Continental Shelf Lands Act (43 U.S.C. 1331))
off of the coast of the States of Virginia, North Carolina, South Carolina, or
Georgia in accordance with this section.</text>
</subsection><subsection id="id1390842C73E542948D681233193AC4C7"><enum>(b)</enum><header>Best available
technology</header><text>In conducting the inventory, the Secretary shall use
the best technology available to obtain accurate resource estimates.</text>
</subsection><subsection id="idC7B96AA46B144504A474CEC3E3640137"><enum>(c)</enum><header>Request by
Governor</header><text>The Secretary may conduct an inventory under this
section off the coast of a State described in subsection (a) only if the
Governor of the State requests the inventory.</text>
</subsection><subsection id="idFE03D7152BE542BAA9A3FF5EF6CD1A55"><enum>(d)</enum><header>Reports</header><text>The
Secretary shall submit to Congress and the requesting Governor a report on any
inventory conducted under this section.</text>
</subsection><subsection id="idA06C394A8C5B4399B031C7AFEEC4A299"><enum>(e)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated such
sums as are necessary to carry out this section.</text>
</subsection></section><section id="id7D99CCA4701046FB82109277575EC02D"><enum>306.</enum><header>Enhanced oil
recovery</header><text display-inline="no-display-inline">Section 354(c)(4)(B)
of the Energy Policy Act of 2005 (42 U.S.C. 15910(c)(4)(B)) is amended—</text>
<paragraph id="idA48E9314C60F4FEDA19B055592530EF3"><enum>(1)</enum><text display-inline="yes-display-inline">in clause (iii), by striking
<quote>and</quote> at the end;</text>
</paragraph><paragraph id="id1EDFFA1D4A3E46A885C2C1F44ABA779E"><enum>(2)</enum><text display-inline="yes-display-inline">in clause (iv), by striking the period at
the end and inserting <quote>; and</quote>; and</text>
</paragraph><paragraph id="idC4AA65691F90433582F7436D7B57BBEF"><enum>(3)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id957D6D3309FB4AA487EC7D895215B6E7" style="OLC">
<clause id="id24299BD664804580819510B21A1766D8"><enum>(v)</enum><text>are carried out
in geologically challenging
fields.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><enum>IV</enum><header>Management of
energy risks</header>
<section id="idEEE5FF8C70E14D5AA36782D767FB120A"><enum>401.</enum><header>Bureau of
International Energy Policy</header><text display-inline="no-display-inline">Section 101 of the National Security Act of
1947 (50 U.S.C. 402) is amended by adding at the end the following:</text>
<paragraph id="id242CBC397B9B4D00849294B8DAD621B7"><enum>(1)</enum><text>by redesignating
subsection (i) (as added by section 301 of Public Law 105–292 (112 Stat. 2800))
as subsection (k); and</text>
</paragraph><paragraph id="id9CBD6E8A8A36407190E5B071EDB53F0F"><enum>(2)</enum><text>by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="idFA1A4AAE49DF4DA09346CE381D6B18D1" style="OLC">
<subsection id="idA1B04333FE0644C19E687E6C6D43B5CF"><enum>(l)</enum><header>Bureau of
International Energy Policy</header>
<paragraph id="idAFD4BEB6C747443D85E5049490B969CC"><enum>(1)</enum><header>Establishment</header><text>There
is established within the National Security Council a Bureau of International
Energy.</text>
</paragraph><paragraph id="idE5A70E9A6D1A42AFBA78D60BD35907A2"><enum>(2)</enum><header>Duties</header><text>The
Bureau shall, in conjunction with the Secretary of Defense, the Secretary of
State, and the Secretary of Energy, prepare and submit to Congress an annual
energy security
report.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section commented="no" display-inline="no-display-inline" id="IDece2fd5497cf4c5c930f9f1d2c79edc4"><enum>402.</enum><header>Strategic
energy infrastructure equipment reserve</header>
<subsection commented="no" display-inline="no-display-inline" id="idE54ED4E59C2E463B84DFAC80FDD1919D"><enum>(a)</enum><header>Establishment</header><text display-inline="yes-display-inline">The Secretary may establish and operate a
strategic energy infrastructure equipment reserve.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idAB8C18ED35E24BC1B2A0A9117BBF4E82"><enum>(b)</enum><header>Use</header><text>The
reserve shall be used and operated for—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id2F9C3FF142D045558AC298B0466FF944"><enum>(1)</enum><text>the protection,
conservation, maintenance, and testing of strategic energy infrastructure
equipment; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6A880D992D474873B9A34C04BCC81F0E"><enum>(2)</enum><text>the provision of
strategic energy infrastructure equipment whenever and to the extent
that—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id4605414DA7AC48D9844D6B27AFBE3948"><enum>(A)</enum><text>the Secretary,
with the approval of the President, finds that the equipment is needed for
energy security purposes; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id7292A8DBE4074758A811B96AC52B4195"><enum>(B)</enum><text>the provision of
the equipment is authorized by a joint resolution of Congress.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id104E3F0B32DB43B68946AAB541713A6C"><enum>(c)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated such
sums as are necessary to carry out this section.</text>
</subsection></section>