[Congressional Record (Bound Edition), Volume 147 (2001), Part 7]
[Senate]
[Pages 10267-10274]
[From the U.S. Government Publishing Office, www.gpo.gov]



          STATEMENTS ON INTRODUCED BILLS AND JOINT RESOLUTIONS

      By Mr. REID (for himself, Mr. Allard, and Mr. Ensign):
  S. 1007. A bill to amend the Internal Revenue Code of 1986 to treat 
gold, silver, and platinum, in either coin or bar form, in the same 
manner as stocks and bonds for purposes of the maximum capital gains 
rate for individuals; to the Committee on Finance.
  Mr. REID. Mr. President, today I am introducing the Fair Treatment 
for Precious Metals Investors Act.
  Investors may be surprised to discover that investments in precious 
metals are taxed as ``collectibles'' similar to vintage wines and rate 
coins, subjecting them to higher capital gains tax rates than other 
commodities.
  Historically, precious metals bullion has been a rarity, and was 
valued more for its uniqueness than for its metal content, but today, 
precious metals bullion coins are specifically designed and produced by 
governments to be used as an investment vehicle similar to stocks and 
bonds.
  Precious metals bullion can be a valuable and stable asset for 
investors, but as long the Tax Code penalizes investment in precious 
metals, this commodity will remain largely unattractive.
  The Fair Treatment for Precious Metals Investors Act will update the 
tax classification of precious metals bullion (that is, gold, silver, 
and platinum), and give precious metals holdings the same capital gains 
tax preference that stocks, bonds, mutual funds, and other capital 
assets are currently afforded.
  Precious metals are vital to Nevada's and our nations economy.
  Nevada is the third largest producer of gold in the world, behind 
Australia and South Africa, giving the United States a trade surplus of 
gold exceeding $1 billion.
  Undoubtedly, much of the gold that the United States Government uses 
to produce its gold bullion coins comes from Nevada.
  Gold has been valued for centuries, and it continues to be an 
important commodity to investors today.
  Although the value of stocks and other investment commodities may 
fluctuate drastically, gold's value has remained relatively stable over 
time.
  In today's volatile market environment, gold's stability promises to 
make it an even more attractive investment.
  Only in the last 30 years have governments such as the United States, 
Canada, Mexico, Australia, Austria, and South Africa minted precious 
metals bullion coins to serve as a way for investors to diversify their 
holdings with tangible assets. Prior to that time, precious metals 
bullion was a rarity, and was valued more for its uniqueness than for 
its metal content. Today, bullion is used as a safe, convenient, and 
affordable way to invest in precious metals.
  In 1997, the Taxpayer Relief Act corrected the Tax Code to allow 
precious metals bullion coins held in IRA accounts to be taxed at the 
same rate as stocks and other capital assets. The Tax Code simply needs 
to be updated to further accommodate the changes in investor 
opportunities and preferences.
  I am pleased that Senators Allard and Ensign have agreed to cosponsor 
this bill. I look forward to receiving

[[Page 10268]]

the support of other Senators on both sides of the aisle to correct 
this tax inequity.
  I ask unanimous consent that the text of the bill be printed in the 
Record.
  There being no objection, the bill was ordered to be printed in the 
Record, as follows:

                                S. 1007

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Fair Treatment for Precious 
     Metals Investors Act''.

     SEC. 2. GOLD, SILVER, AND PLATINUM TREATED IN THE SAME MANNER 
                   AS STOCKS AND BONDS FOR MAXIMUM CAPITAL GAINS 
                   RATE FOR INDIVIDUALS.

       (a) In General.--Subparagraph (A) of section 1(h)(6) of the 
     Internal Revenue Code of 1986 (relating to definition of 
     collectibles gain and loss) is amended by striking ``without 
     regard to paragraph (3) thereof'' and inserting ``without 
     regard to so much of paragraph (3) thereof as relates to 
     palladium and the bullion requirement for physical possession 
     by a trustee''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply to taxable years beginning after December 31, 
     2000.
                                 ______
                                 
      By Mr. BYRD (for himself and Mr. Stevens):
  S. 1008. A bill to amend the Energy Policy Act of 1992 to develop the 
United States Climate Change Response Strategy with the goal of 
stabilization of greenhouse gas concentrations in the atmosphere at a 
level that would prevent dangerous anthrogenic interference with the 
climate system, while minimizing adverse short-term and long-term 
economic and social impacts, aligning the Strategy with United States 
energy policy, and promoting a sound national environmental policy, to 
establish a research and development program that focuses on bold 
technological breakthroughs that make significant progress toward the 
goal of stabilization of greenhouse gas concentrations, to establish 
the National Office of Climate Change Rsponse within the Executive 
Office of the President, and for other purposes; to the Committee on 
Governmental Affairs.
  Mr. BYRD. Mr. President, I ask unanimous consent that the text of the 
bill be printed in the Record.
  There being no objection, the bill was ordered to be printed in the 
Record, as follows:

                                S. 1008

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Climate Change Strategy and 
     Technology Innovation Act of 2001''.

     SEC. 2. FINDINGS.

       Congress finds that--
       (1) evidence continues to build that increases in 
     atmospheric concentrations of greenhouse gases are 
     contributing to global climate change;
       (2) in 1992, the Senate ratified the United Nations 
     Framework Convention on Climate Change, done at New York on 
     May 9, 1992, the ultimate objective of which is the 
     ``stabilization of greenhouse gas concentrations in the 
     atmosphere at a level that would prevent dangerous 
     anthropogenic interference with the climate system'';
       (3) although science currently cannot determine precisely 
     what atmospheric concentrations are ``dangerous'', the 
     current trajectory of greenhouse gas emissions will lead to a 
     continued rise in greenhouse gas concentrations in the 
     atmosphere, not stabilization;
       (4) the remaining scientific uncertainties call for 
     temperance of human actions, but not inaction;
       (5) greenhouse gases are associated with a wide range of 
     human activities, including energy production, 
     transportation, agriculture, forestry, manufacturing, 
     buildings, and other activities;
       (6) the economic consequences of poorly designed climate 
     change response strategies, or of inaction, may cost the 
     global economy trillions of dollars;
       (7) a large share of this economic burden would be borne by 
     the United States;
       (8) stabilization of greenhouse gas concentrations in the 
     atmosphere will require transformational change in the global 
     energy system and other emitting sectors at an almost 
     unimaginable level--a veritable industrial revolution is 
     required;
       (9) such a revolution can occur only if the revolution is 
     preceded by research and development that leads to bold 
     technological breakthroughs;
       (10) over the decade preceding the date of enactment of 
     this Act--
       (A) energy research and development budgets in the public 
     and private sectors have declined precipitously and have not 
     been focused on the climate change response challenge; and
       (B) the investments that have been made have not been 
     guided by a comprehensive strategy;
       (11) the negative trends in research and development 
     funding described in paragraph (10) must be reversed with a 
     focus on not only traditional energy research and 
     development, but also bolder, breakthrough research;
       (12) much more progress could be made on the issue of 
     climate change if the United States were to adopt a new 
     approach for addressing climate change that included, as an 
     ultimate long-term goal--
       (A) stabilization of greenhouse gas concentrations in the 
     atmosphere at a level that would prevent dangerous 
     anthropogenic interference with the climate system; and
       (B) a response strategy with 4 key elements consisting of--
       (i) definition of interim emission mitigation targets 
     coupled with specific mitigation approaches that cumulatively 
     yield stabilized atmospheric greenhouse gas concentrations;
       (ii) a national commitment--

       (I) to double energy research and development by the United 
     States public and private sectors; and
       (II) in carrying out such research and development, to 
     provide a high degree of emphasis on bold, breakthrough 
     technologies that will make possible a profound 
     transformation of the energy, transportation, industrial, 
     agricultural, and building sectors of the United States;

       (iii) climate adaptation research that focuses on response 
     actions necessary to adapt to climate change that may have 
     occurred or may occur under any future climate change 
     scenario; and
       (iv) continued research, building on the substantial 
     scientific understanding of climate change that exists as of 
     the date of enactment of this Act, that focuses on resolving 
     the remaining scientific, technical, and economic 
     uncertainties, to aid in the development of sound response 
     strategies; and
       (13) inherent in each of the 4 key elements of the response 
     strategy is consideration of the international nature of the 
     challenge, which will require--
       (A) establishment of joint climate response strategies and 
     joint research programs;
       (B) assistance to developing countries and countries in 
     transition for building technical and institutional 
     capacities and incentives for addressing the challenge; and
       (C) promotion of public awareness of the issue.

     SEC. 3. PURPOSE.

       The purpose of this Act is to implement the new approach 
     described in section 2(12) by developing a national focal 
     point for climate change response through--
       (1) the establishment of the National Office of Climate 
     Change Response within the Executive Office of the President 
     (referred to in this section as the ``White House Office'') 
     to develop the United States Climate Change Response Strategy 
     (referred to in this section as the ``Strategy'') that--
       (A) incorporates the 4 key elements of that new approach;
       (B) is supportive of and integrated in the overall energy, 
     transportation, industrial, agricultural, forestry, and 
     environmental policies of the United States;
       (C) takes into account--
       (i) the diversity of energy sources and technologies;
       (ii) supply-side and demand-side solutions; and
       (iii) national infrastructure, energy distribution, and 
     transportation systems;
       (D) provides for the inclusion and equitable participation 
     of Federal, State, tribal, and local government agencies, 
     nongovernmental organizations, academia, scientific bodies, 
     industry, the public, and other interested parties;
       (E) incorporates new models of Federal-State cooperation;
       (F) defines a comprehensive energy technology research and 
     development program that--
       (i) recognizes the important contributions that research 
     and development programs in existence on the date of 
     enactment of this Act make toward addressing the climate 
     change response challenge; and
       (ii) includes an additional research and development agenda 
     that focuses on the bold, breakthrough technologies that are 
     critical to the long-term stabilization of greenhouse gas 
     concentrations in the atmosphere;
       (G) includes consideration of other efforts to address 
     critical environmental and health concerns, including clean 
     air, clean water, and responsible land use policies; and
       (H) incorporates initiatives to promote the deployment of 
     clean energy technologies developed in the United States and 
     abroad;
       (2) the establishment of the Interagency Task Force, 
     chaired by the Director of the White House Office, to serve 
     as the primary mechanism through which the heads of Federal 
     agencies work together to develop and implement the Strategy;
       (3) the establishment of the Office of Carbon Management 
     and the Center for Strategic Climate Change Response within 
     the Department of Energy--

[[Page 10269]]

       (A) to manage, as their primary responsibility, an 
     innovative research and development program that focuses on 
     the bold, breakthrough technologies that are critical to the 
     long-term stabilization of greenhouse gas concentrations in 
     the atmosphere; and
       (B) to provide analytical support and data to the White 
     House Office, other agencies, and the public;
       (4) the establishment of an independent review board--
       (A) to review the Strategy and annually assess United 
     States and international progress toward the goal of 
     stabilization of greenhouse gas concentrations in the 
     atmosphere at a level that would prevent dangerous 
     anthropogenic interference with the climate system; and
       (B) to assess--
       (i) the performance of each Federal agency that has 
     responsibilities under the Strategy; and
       (ii) the adequacy of the budget of each such Federal agency 
     to fulfill the responsibilities of the Federal agency under 
     the Strategy; and
       (5) the establishment of offices in, or the carrying out of 
     activities by, the Department of Agriculture, the Department 
     of Transportation, the Environmental Protection Agency, and 
     other Federal agencies as necessary to carry out the 
     amendment made by section 4.

     SEC. 4. UNITED STATES CLIMATE CHANGE STRATEGY AND TECHNOLOGY 
                   INNOVATION.

       Title XVI of the Energy Policy Act of 1992 (42 U.S.C. 13381 
     et seq.) is amended--
       (1) by inserting after the title heading the following:

                  ``Subtitle A--General Provisions'';

     and
       (2) by adding at the end the following:

  ``Subtitle B--United States Climate Change Strategy and Technology 
                               Innovation

     ``SEC. 1621. DEFINITIONS.

       ``In this subtitle:
       ``(1) Center.--The term `Center' means the Center for 
     Strategic Climate Change Response established by section 
     1624(e).
       ``(2) Climate-friendly technology.--The term `climate-
     friendly technology' means any energy supply or end-use 
     technology that, over the life of the technology and compared 
     to similar technology in commercial use as of the date of 
     enactment of this subtitle--
       ``(A) results in reduced emissions of greenhouse gases;
       ``(B) may substantially lower emissions of other 
     pollutants; and
       ``(C) may generate substantially smaller or less hazardous 
     quantities of solid or liquid waste.
       ``(3) Department.--The term `Department' means the 
     Department of Energy.
       ``(4) Department office.--The term `Department Office' 
     means the Office of Carbon Management of the Department 
     established by section 1624(a).
       ``(5) Federal agency.--The term `Federal agency' has the 
     meaning given the term `agency' in section 551 of title 5, 
     United States Code.
       ``(6) Greenhouse gas.--The term `greenhouse gas' means an 
     anthropogenic gaseous constituent of the atmosphere that 
     absorbs and re-emits infrared radiation.
       ``(7) Interagency task force.--The term `Interagency Task 
     Force' means the United States Climate Change Response 
     Interagency Task Force established under section 1623(d).
       ``(8) Key element.--The term `key element', with respect to 
     the Strategy, means--
       ``(A) definition of interim emission mitigation targets 
     coupled with specific mitigation approaches that cumulatively 
     result in stabilization of greenhouse gas concentrations;
       ``(B) a national commitment--
       ``(i) to double energy research and development by the 
     United States public and private sectors; and
       ``(ii) in carrying out such research and development, to 
     provide a high degree of emphasis on bold, breakthrough 
     technologies that will make possible a profound 
     transformation of the energy, transportation, industrial, 
     agricultural, and building sectors of the United States;
       ``(C) climate adaptation research that focuses on response 
     actions necessary to adapt to climate change that may have 
     occurred or may occur under any future climate change 
     scenario; and
       ``(D) research that focuses on resolving the remaining 
     scientific, technical, and economic uncertainties associated 
     with climate change to the extent that those uncertainties 
     bear on strategies to achieve the long-term goal of 
     stabilization of greenhouse gas concentrations.
       ``(9) Qualified individual.--
       ``(A) In general.--The term `qualified individual' means an 
     individual who has demonstrated expertise and leadership 
     skills to draw on other experts in diverse fields of 
     knowledge that are relevant to addressing the climate change 
     response challenge.
       ``(B) Fields of knowledge.--The fields of knowledge 
     referred to in subparagraph (A) are--
       ``(i) the science of primary and secondary climate change 
     impacts;
       ``(ii) energy and environmental economics;
       ``(iii) technology transfer and diffusion;
       ``(iv) the social dimensions of climate change;
       ``(v) climate change adaptation strategies;
       ``(vi) fossil, nuclear, and renewable energy technology;
       ``(vii) energy efficiency and energy conservation;
       ``(viii) energy systems integration;
       ``(ix) engineered and terrestrial carbon sequestration;
       ``(x) transportation, industrial, and building sector 
     concerns;
       ``(xi) regulatory and market-based mechanisms for 
     addressing climate change;
       ``(xii) risk and decision analysis;
       ``(xiii) strategic planning; and
       ``(xiv) the international implications of climate change 
     response strategies.
       ``(10) Review board.--The term `Review Board' means the 
     United States Climate Change Response Strategy Review Board 
     established by section 1626.
       ``(11) Secretary.--The term `Secretary' means the Secretary 
     of Energy.
       ``(12) Stabilization of greenhouse gas concentrations.--The 
     term `stabilization of greenhouse gas concentrations' means 
     the stabilization of greenhouse gas concentrations in the 
     atmosphere at a level that would prevent dangerous 
     anthropogenic interference with the climate system, as 
     contemplated by the United Nations Framework Convention on 
     Climate Change, done at New York on May 9, 1992.
       ``(13) Strategy.--The term `Strategy' means the United 
     States Climate Change Response Strategy developed under 
     section 1622.
       ``(14) White house office.--The term `White House Office' 
     means the National Office of Climate Change Response of the 
     Executive Office of the President established by section 
     1623(a).

     ``SEC. 1622. UNITED STATES CLIMATE CHANGE RESPONSE STRATEGY.

       ``(a) In General.--The Director of the White House Office 
     shall develop the United States Climate Change Response 
     Strategy, which shall--
       ``(1) have the long-term goal of stabilization of 
     greenhouse gas concentrations;
       ``(2) build on the 4 key elements;
       ``(3) be developed on the basis of an examination of a 
     broad range of emission reduction targets and implementation 
     dates (including those contemplated by the United Nations 
     Framework Convention on Climate Change, done at New York on 
     May 9, 1992) that culminate in the stabilization of 
     greenhouse gas concentrations;
       ``(4) incorporate mitigation approaches to reduce, avoid, 
     and sequester greenhouse gas emissions;
       ``(5) include an evaluation of whether and how each 
     emission reduction target and implementation date achieves 
     the emission reductions in an economically and 
     environmentally sound manner;
       ``(6) be consistent with the goals of energy, 
     transportation, industrial, agricultural, forestry, 
     environmental, and other relevant policies of the United 
     States;
       ``(7) have a scope that considers the totality of United 
     States public, private, and public-private sector actions 
     that bear on the long-term goal;
       ``(8) be based on an evaluation of a wide range of 
     approaches for achieving the long-term goal, including 
     evaluation of--
       ``(A) a variety of cost-effective Federal and State 
     policies, programs, standards, and incentives;
       ``(B) policies that integrate and promote innovative, 
     market-based solutions in the United States and in foreign 
     countries; and
       ``(C) participation in other international institutions, or 
     in the support of international activities, that are 
     established or conducted to facilitate stabilization of 
     greenhouse gas concentrations;
       ``(9) in the final recommendations of the Strategy, 
     emphasize response strategies that achieve the long-term goal 
     and provide specific recommendations concerning--
       ``(A) measures determined to be appropriate for short-term 
     implementation, giving preference to cost-effective and 
     technologically feasible measures that will--
       ``(i) produce measurable net reductions in United States 
     emissions that lead toward achievement of the long-term goal; 
     and
       ``(ii) minimize any adverse short-term and long-term 
     economic and social impacts on the United States;
       ``(B) the development of technologies that have the 
     potential for long-term implementation--
       ``(i) giving preference to technologies that have the 
     potential to reduce significantly the overall cost of 
     stabilization of greenhouse gas concentrations; and
       ``(ii) considering a full range of energy sources, energy 
     conversion and use technologies, and efficiency options;
       ``(C) such changes in institutional and technology systems 
     as are necessary to adapt to climate change in the short term 
     and the long term;
       ``(D) such review, modification, and enhancement of the 
     scientific, technical, and economic research efforts of the 
     United States, and improvements to the data resulting from 
     research, as are appropriate to improve the accuracy of 
     predictions concerning climate change and the economic and 
     social

[[Page 10270]]

     costs and opportunities relating to climate change; and
       ``(E) changes that should be made to project and grant 
     evaluation criteria under other Federal research and 
     development programs so that those criteria do not inhibit 
     development of climate-friendly technologies;
       ``(10) be developed in a manner that provides for 
     meaningful participation by, and consultation among, Federal, 
     State, tribal, and local government agencies, nongovernmental 
     organizations, academia, scientific bodies, industry, the 
     public, and other interested parties in accordance with 
     subsections (b)(4)(C)(iv)(II) and (d)(3)(B)(iii) of section 
     1623;
       ``(11) address how the United States should engage State, 
     tribal, and local governments in developing and carrying out 
     a response to climate change;
       ``(12) promote, to the maximum extent practicable, public 
     awareness, outreach, and information-sharing to further the 
     understanding of the full range of climate change-related 
     issues;
       ``(13) include recommendations for legislative and 
     administrative actions necessary to implement the Strategy;
       ``(14) serve as a framework for climate change response 
     actions by all Federal agencies;
       ``(15) recommend which Federal agencies are, or should be, 
     responsible for the various aspects of implementation of the 
     Strategy and any budgetary implications;
       ``(16) address how the United States should engage foreign 
     governments in developing an international response to 
     climate change; and
       ``(17) be subject to review by an independent review board 
     in accordance with section 1626.
       ``(b) Submission to Congress.--Not later than 1 year after 
     the date of enactment of this subtitle, the President shall 
     submit to Congress the Strategy.
       ``(c) Updating.--Not later than 2 years after the date of 
     submission of the Strategy to Congress under subsection (b), 
     and at the end of each 2-year period thereafter, the 
     President shall submit to Congress an updated version of the 
     Strategy.
       ``(d) Progress Reports.--Not later than 1 year after the 
     date of submission of the Strategy to Congress under 
     subsection (b), and at the end of each 1-year period 
     thereafter, the President shall submit to Congress a report 
     that--
       ``(1) describes the progress on implementation of the 
     Strategy; and
       ``(2) provides recommendations for improvement of the 
     Strategy and the implementation of the Strategy.
       ``(e) Alignment With Energy, Transportation, Industrial, 
     Agricultural, Forestry, and Other Policies.--The President, 
     the Director of the White House Office, the Secretary, and 
     the other members of the Interagency Task Force shall work 
     together to align the actions carried out under the Strategy 
     and actions associated with the energy, transportation, 
     industrial, agricultural, forestry, and other relevant 
     policies of the United States so that the objectives of both 
     the Strategy and the policies are met without compromising 
     the climate change-related goals of the Strategy or the goals 
     of the policies.
       ``(f) National Laboratory Certification.--
       ``(1) In general.--The directors of the major national 
     laboratories of the Department specified in paragraph (3) 
     shall annually meet with the President and individually and 
     simultaneously certify whether the energy technology research 
     and development programs of the United States collectively 
     are technically and financially on a trajectory that is 
     consistent with--
       ``(A) the directions and progress outlined in the Strategy; 
     and
       ``(B) the long-term goal of stabilization of greenhouse gas 
     concentrations.
       ``(2) Effect of negative certification.--If the 
     certification described in paragraph (1) is in the negative, 
     the directors shall submit to the President a report that--
       ``(A) specifies the reasons why the certification is in the 
     negative; and
       ``(B) describes corrective actions that must be taken so 
     that the certification can be made in the affirmative.
       ``(3) Directors of major national laboratories affiliated 
     with science and energy programs.--The directors of the 
     national laboratories that shall participate in the 
     certification under this subsection are the director of each 
     of--
       ``(A) the Argonne National Laboratory;
       ``(B) the Lawrence Berkeley National Laboratory;
       ``(C) the National Energy Technology Laboratory;
       ``(D) the National Renewable Energy Laboratory;
       ``(E) the Oak Ridge National Laboratory; and
       ``(F) the Pacific Northwest National Laboratory.
       ``(4) Coordination.--The director of the National Energy 
     Technology Laboratory shall serve as coordinator of the group 
     of the directors of the national laboratories specified in 
     paragraph (3).

     ``SEC. 1623. NATIONAL OFFICE OF CLIMATE CHANGE RESPONSE OF 
                   THE EXECUTIVE OFFICE OF THE PRESIDENT.

       ``(a) Establishment.--
       ``(1) In general.--There is established, within the 
     Executive Office of the President, the National Office of 
     Climate Change Response.
       ``(2) Focus.--The White House Office shall have the focus 
     of achieving the long-term goal of stabilization of 
     greenhouse gas concentrations while minimizing adverse short-
     term and long-term economic and social impacts.
       ``(3) Duties.--Consistent with paragraph (2), the White 
     House Office shall--
       ``(A) establish policies, objectives, and priorities for 
     the Strategy;
       ``(B) in accordance with subsection (d), establish the 
     Interagency Task Force to serve as the primary mechanism 
     through which the heads of Federal agencies shall assist the 
     Director of the White House Office in developing and 
     implementing the Strategy;
       ``(C) to the maximum extent practicable, ensure that the 
     Strategy is based on objective, quantitative analysis, 
     drawing on the analytical capabilities of Federal and State 
     agencies, especially the Center;
       ``(D) advise the President concerning necessary changes in 
     organization, management, budgeting, and personnel allocation 
     of Federal agencies involved in climate change response 
     activities; and
       ``(E) notify a Federal agency if the policies and 
     discretionary programs of the agency are not well aligned 
     with, or are not contributing effectively to, the long-term 
     goal of stabilization of greenhouse gas concentrations.
       ``(b) Director of the White House Office.--
       ``(1) In general.--The White House Office shall be headed 
     by a Director, who shall report directly to the President.
       ``(2) Appointment.--The Director of the White House Office 
     shall be a qualified individual appointed by the President, 
     by and with the advice and consent of the Senate.
       ``(3) Term; vacancies.--
       ``(A) Term.--The Director of the White House Office shall 
     be appointed for a term of 4 years.
       ``(B) Vacancies.--A vacancy in the position of Director of 
     the White House Office shall be filled in the same manner as 
     the original appointment was made.
       ``(4) Duties of the director of the white house office.--
       ``(A) Strategy.--In accordance with section 1622, the 
     Director of the White House Office shall coordinate the 
     development and updating of the Strategy.
       ``(B) Interagency task force.--The Director of the White 
     House Office shall serve as Chairperson of the Interagency 
     Task Force.
       ``(C) Advisory duties.--
       ``(i) Climate, energy, transportation, industrial, 
     agricultural, building, forestry, and other programs.--The 
     Director of the White House Office, using an integrated 
     perspective considering the totality of actions in the United 
     States, shall advise the President and the heads of Federal 
     agencies on--

       ``(I) the extent to which United States energy, 
     transportation, industrial, agricultural, forestry, building, 
     and other relevant programs are capable of producing progress 
     on the long-term goal of stabilization of greenhouse gas 
     concentrations; and
       ``(II) the extent to which proposed or newly created 
     energy, transportation, industrial, agricultural, forestry, 
     building, and other relevant programs positively or 
     negatively affect the ability of the United States to achieve 
     the long-term goal of stabilization of greenhouse gas 
     concentrations.

       ``(ii) Tax, trade, and foreign policies.--The Director of 
     the White House Office, using an integrated perspective 
     considering the totality of actions in the United States, 
     shall advise the President and the heads of Federal agencies 
     on--

       ``(I) the extent to which the United States tax policy, 
     trade policy, and foreign policy are capable of producing 
     progress on the long-term goal of stabilization of greenhouse 
     gas concentrations; and
       ``(II) the extent to which proposed or newly created tax 
     policy, trade policy, and foreign policy positively or 
     negatively affect the ability of the United States to achieve 
     the long-term goal of stabilization of greenhouse gas 
     concentrations.

       ``(iii) International treaties.--The Secretary of State, 
     acting in conjunction with the Interagency Task Force and 
     using the analytical tools available to the White House 
     Office, shall provide to the Director of the White House 
     Office an opinion that--

       ``(I) specifies the economic and environmental costs and 
     benefits of any proposed international treaties or components 
     of treaties that have an influence on greenhouse gas 
     management; and
       ``(II) assesses the extent to which the treaties advance 
     the long-term goal of stabilization of greenhouse gas 
     concentrations, while minimizing adverse short-term and long-
     term economic and social impacts and considering other 
     impacts.

       ``(iv) Consultation.--

       ``(I) With members of interagency task force.--To the 
     extent practicable and appropriate, the Director of the White 
     House Office shall consult with all members of the

[[Page 10271]]

     Interagency Task Force and other interested parties before 
     providing advice to the President.
       ``(II) With other interested parties.--The Director of the 
     White House Office shall establish a process for obtaining 
     the meaningful participation of Federal, State, tribal, and 
     local government agencies, nongovernmental organizations, 
     academia, scientific bodies, industry, the public, and other 
     interested parties in the formulation of advice to be 
     provided to the President.

       ``(D) Public education, awareness, outreach, and 
     information-sharing.--The Director of the White House Office, 
     to the maximum extent practicable, shall promote public 
     awareness, outreach, and information-sharing to further the 
     understanding of the full range of climate change-related 
     issues.
       ``(5) Annual reports.--The Director of the White House 
     Office, in consultation with the Interagency Task Force and 
     other interested parties, shall prepare an annual report for 
     submission by the President to Congress that--
       ``(A) assesses progress in implementation of the Strategy;
       ``(B) assesses progress, in the United States and in 
     foreign countries, toward the long-term goal of stabilization 
     of greenhouse gas concentrations;
       ``(C) assesses progress toward meeting climate change-
     related international obligations;
       ``(D) makes recommendations for actions by the Federal 
     Government designed to close any gap between progress-to-date 
     and the measures that are necessary to achieve the long-term 
     goal of stabilization of greenhouse gas concentrations; and
       ``(E) addresses the totality of actions in the United 
     States that relate to the 4 key elements.
       ``(6) Analysis.--During development of the Strategy, 
     preparation of the annual reports submitted under paragraph 
     (5), and provision of advice to the President and the heads 
     of Federal agencies, the Director of the White House Office 
     shall place significant emphasis on the use of objective, 
     quantitative analysis, taking into consideration any 
     uncertainties associated with the analysis.
       ``(c) Staff.--
       ``(1) In general.--The Director of the White House Office 
     shall employ a professional staff of not more than 25 
     individuals to carry out the duties of the White House 
     Office.
       ``(2) Intergovernmental personnel and fellowships.--The 
     Director of the White House Office may use the authority 
     provided by the Intergovernmental Personnel Act of 1970 (42 
     U.S.C. 4701 et seq.) and subchapter VI of chapter 33 of title 
     5, United States Code, and fellowships, to obtain staff from 
     academia, scientific bodies, private industry, 
     nongovernmental organizations, other Department programs, 
     other Federal agencies, and national laboratories, for 
     appointments of a limited term.
       ``(d) Interagency Task Force.--
       ``(1) In general.--The Director of the White House Office 
     shall establish the United States Climate Change Response 
     Interagency Task Force.
       ``(2) Composition.--The Interagency Task Force shall be 
     composed of--
       ``(A) the Director of the White House Office, who shall 
     serve as Chairperson;
       ``(B) the Secretary of State;
       ``(C) the Secretary;
       ``(D) the Secretary of Commerce;
       ``(E) the Secretary of the Treasury;
       ``(F) the Secretary of Transportation;
       ``(G) the Secretary of Agriculture;
       ``(H) the Administrator of the Environmental Protection 
     Agency;
       ``(I) the Administrator of the Agency for International 
     Development;
       ``(J) the United States Trade Representative;
       ``(K) the National Security Advisor;
       ``(L) the Director of the National Economic Council;
       ``(M) the Chairman of the Council on Environmental Quality;
       ``(N) the Director of the Office of Science and Technology 
     Policy;
       ``(O) the Chairperson of the Subcommittee on Global Change 
     Research (which performs the functions of the Committee on 
     Earth and Environmental Sciences established by section 102 
     of the Global Change Research Act of 1990 (15 U.S.C. 2932)); 
     and
       ``(P) the heads of such other Federal agencies as the 
     Chairperson determines should be members of the Interagency 
     Task Force.
       ``(3) Strategy.--
       ``(A) In general.--The Interagency Task Force shall serve 
     as the primary forum through which the Federal agencies 
     represented on the Interagency Task Force jointly--
       ``(i) assist the Director of the White House Office in 
     developing and updating the Strategy; and
       ``(ii) assist the Director of the White House Office in 
     preparing annual reports under subsection (b)(5).
       ``(B) Required elements.--In carrying out subparagraph (A), 
     the Interagency Task Force shall--
       ``(i) take into account the long-term goal and other 
     requirements of the Strategy specified in section 1622(a);
       ``(ii) give full consideration to the facts and opinions 
     presented by the members of the Interagency Task Force;
       ``(iii) consult with State, tribal, and local government 
     agencies, nongovernmental organizations, academia, scientific 
     bodies, industry, the public, and other interested parties; 
     and
       ``(iv) build consensus around a Strategy that is based on 
     strong scientific, technical, and economic analyses.
       ``(4) Working groups.--The Chairperson of the Interagency 
     Task Force may establish such topical working groups as are 
     necessary to carry out the duties of the Interagency Task 
     Force.
       ``(e) Provision of Support Staff.--In accordance with 
     procedures established by the Chairperson of the Interagency 
     Task Force, the Federal agencies represented on the 
     Interagency Task Force shall provide staff from the agencies 
     to support information, data collection, and analyses 
     required by the Interagency Task Force.
       ``(f) Hearings.--On request of the Chairperson, the 
     Interagency Task Force may hold such hearings, meet and act 
     at such times and places, take such testimony, and receive 
     such evidence as the Interagency Task Force considers to be 
     appropriate.

     ``SEC. 1624. TECHNOLOGY INNOVATION PROGRAM IMPLEMENTED 
                   THROUGH THE OFFICE OF CARBON MANAGEMENT OF THE 
                   DEPARTMENT OF ENERGY AND THE CENTER FOR 
                   STRATEGIC CLIMATE CHANGE RESPONSE.

       ``(a) Establishment of Office of Carbon Management of the 
     Department of Energy.--
       ``(1) In general.--There is established, within the 
     Department, the Office of Carbon Management.
       ``(2) Duties.--The Department Office shall--
       ``(A) manage an energy technology research and development 
     program that directly supports the Strategy by--
       ``(i) focusing on high-risk, bold, breakthrough 
     technologies that--

       ``(I) are critical to the long-term stabilization of 
     greenhouse gas concentrations;
       ``(II) are not significantly addressed by other Federal 
     programs; and
       ``(III) move technology substantially beyond the state of 
     usual innovation;

       ``(ii) forging fundamentally new research and development 
     partnerships among various Department, other Federal, and 
     State programs, particularly between basic science and energy 
     technology programs, in cases in which such partnerships have 
     significant potential to affect the ability of the United 
     States to achieve stabilization of greenhouse gas 
     concentrations at the lowest possible cost;
       ``(iii) forging international research and development 
     partnerships that are in the interests of the United States 
     and make progress on stabilization of greenhouse gas 
     concentrations;
       ``(iv) making available, through monitoring, 
     experimentation, and analysis, data that are essential to 
     proving the technical and economic viability of technology 
     central to addressing climate change; and
       ``(v) transitioning research and development programs to 
     other program offices of the Department once such a research 
     and development program crosses the threshold of high-risk 
     research and moves into the realm of more conventional 
     technology development;
       ``(B) in accordance with subsection (b)(5)(C), prepare a 
     10-year program plan for the activities of the Department 
     Office and update the plan biennially;
       ``(C) prepare annual reports in accordance with subsection 
     (b)(6);
       ``(D) identify the total contribution of all Department 
     programs to climate change response;
       ``(E) provide substantial analytical support to the White 
     House Office, particularly support in the development of the 
     Strategy and associated progress reporting; and
       ``(F) advise the Secretary on climate change-related 
     issues, including necessary changes in Department 
     organization, management, budgeting, and personnel allocation 
     in the programs involved in climate change response-related 
     activities.
       ``(b) Director of the Department Office.--
       ``(1) In general.--The Department Office shall be headed by 
     a Director, who shall report directly to the Secretary.
       ``(2) Appointment.--The Director of the Department Office 
     shall be an employee of the Federal Government who is a 
     qualified individual appointed by the President.
       ``(3) Term.--The Director of the Department Office shall be 
     appointed for a term of 4 years.
       ``(4) Vacancies.--A vacancy in the position of the Director 
     of the Department Office shall be filled in the same manner 
     as the original appointment was made.
       ``(5) Duties of the director of the department office.--
       ``(A) Strategy.--The Director of the Department Office 
     shall support development of the Strategy through the 
     provision of staff and analytical support.
       ``(B) Interagency task force.--Through active participation 
     in the Interagency Task Force, the Director of the Department 
     Office shall--
       ``(i) based on the analytical capabilities of the 
     Department Office and the Center, share

[[Page 10272]]

     analyses of alternative climate change response strategies 
     with other members of the Interagency Task Force to assist 
     all members in understanding--

       ``(I) the scale of the climate change response challenge; 
     and
       ``(II) how the actions of the Federal agencies of the 
     members positively or negatively contribute to climate change 
     solutions; and

       ``(ii) determine how the energy technology research and 
     development program described in subsection (a)(2)(A) can be 
     designed for maximum impact on the long-term goal of 
     stabilization of greenhouse gas concentrations.
       ``(C) 10-year program plan.--
       ``(i) In general.--Not later than 1 year after the date of 
     enactment of this subtitle, the Director of the Department 
     Office shall prepare a 10-year program plan.
       ``(ii) Required elements.--The plan shall--

       ``(I) consider all elements of the Strategy that relate to 
     technology research and development;
       ``(II) become an integral component of the Strategy;
       ``(III) focus the activities of the Department Office on 
     gaps identified by the Strategy;
       ``(IV) emphasize the funding of activities that meet the 
     goals described in clauses (i) through (iv) of subsection 
     (a)(2)(A);
       ``(V) identify creative and innovative approaches for 
     building partnerships and managing research and development 
     that have the potential to result in significant advances of 
     technologies and other innovative actions; and
       ``(VI) place a high level of emphasis on bold, breakthrough 
     research and development programs that can--

       ``(aa) be created with the involvement of 1 or more Federal 
     research and development programs; and
       ``(bb) upon reaching a sufficient level of technological 
     maturity, be transitioned to other program offices of the 
     Department without loss of the creative management approaches 
     and partnerships of the innovative research and development 
     programs.
       ``(iii) Submission of plan.--The Secretary shall submit the 
     10-year program plan to Congress and the Director of the 
     White House Office.
       ``(iv) Updating.--

       ``(I) In general.--The Director of the Department Office 
     shall update the 10-year program plan biennially.
       ``(II) Submission.--The Secretary shall submit each updated 
     10-year program plan to Congress and the Director of the 
     White House Office.

       ``(D) Center.--
       ``(i) Operating model.--The Director of the Department 
     Office shall establish an operating model for the Center.
       ``(ii) Delegation of department office functions.--The 
     Director of the Department Office may choose to delegate 
     selected program management and research and development 
     functions of the Department Office to the Center.
       ``(iii) Focus.--

       ``(I) In general.--Funds for the Center should be used to 
     build a Center with focused capability that has a limited 
     number of focused offsite locations.
       ``(II) Involvement of organizations.--Notwithstanding 
     subclause (I), the Director of the Department Office may 
     involve any number of organizations in the operation of the 
     Center.

       ``(iv) Tools, data, and capabilities.--The Director of the 
     Department Office shall foster the development of tools, 
     data, and capabilities at the Center to ensure that--

       ``(I) the United States has a robust capability for 
     evaluating alternative climate change response scenarios; and
       ``(II) the Center provides long-term analytical continuity 
     during the terms of service of successive Presidents.

       ``(E) Advisory duties.--The Director of the Department 
     Office shall advise the Secretary on all aspects of climate 
     change response.
       ``(6) Annual reports.--The Director of the Department 
     Office shall prepare an annual report for submission by the 
     Secretary to Congress and the White House Office that--
       ``(A) assesses progress toward meeting the goals of the 
     energy technology research and development program described 
     in subsection (a)(2)(A);
       ``(B) assesses the activities of the Center;
       ``(C) assesses the contributions of all energy technology 
     research and development programs of the Department 
     (including science programs) to the long-term goal and other 
     requirements of the Strategy specified in section 1622(a); 
     and
       ``(D) makes recommendations for actions by the Department 
     and other Federal agencies to address the components of 
     technology development that are necessary to support the 
     Strategy.
       ``(7) Analysis.--During development of the Strategy, the 
     10-year program plan submitted under paragraph (5)(C), annual 
     reports submitted under paragraph (6), and advice to the 
     Secretary, the Director of the Department Office shall place 
     significant emphasis on the use of objective, quantitative 
     analysis, taking into consideration any associated 
     uncertainties.
       ``(c) Staff.--The Director of the Department Office shall 
     employ a professional staff of not more than 25 individuals 
     to carry out the duties of the Department Office.
       ``(d) Intergovernmental Personnel and Fellowships.--The 
     Department Office may use the authority provided by the 
     Intergovernmental Personnel Act of 1970 (42 U.S.C. 4701 et 
     seq.) and subchapter VI of chapter 33 of title 5, United 
     States Code, and fellowships, to obtain staff from academia, 
     scientific bodies, private industry, nongovernmental 
     organizations, other Department programs, other Federal 
     agencies, and national laboratories, for appointments of a 
     limited term.
       ``(e) Center for Strategic Climate Change Response.--
       ``(1) In general.--
       ``(A) Establishment.--There is established the Center for 
     Strategic Climate Change Response, which shall report to the 
     Director of the Department Office.
       ``(B) Locations.--The Center shall maintain 1 headquarters 
     location and such additional temporary or permanent locations 
     as are necessary to carry out the duties of the Center.
       ``(C) Center director.--The Center shall be headed by a 
     Director, who shall be selected by the Director of the 
     Department Office.
       ``(2) Duties.--
       ``(A) In general.--
       ``(i) Goal.--The Center shall foster the development and 
     application of advanced computational tools, data, and 
     capabilities that support integrated assessment of 
     alternative climate change response scenarios and 
     implementation of the Strategy.
       ``(ii) Participation and support.--The Center may include 
     participation of, and be supported by, each other Federal 
     agency that has a direct or indirect role in the development, 
     commercialization, or transfer of energy, transportation, 
     industrial, agricultural, forestry, or other climate change-
     related technology.
       ``(B) Programs.--
       ``(i) In general.--The Center shall--

       ``(I) develop and maintain core analytical competencies and 
     complex, integrated computational modeling capabilities that 
     are necessary to support the design and implementation of the 
     Strategy;
       ``(II) track United States and international progress 
     toward the long-term goal of stabilization of greenhouse gas 
     concentrations; and
       ``(III) in support of the Department Office, support the 
     management and implementation of research and development 
     programs.

       ``(ii) International carbon dioxide sequestration 
     monitoring and data program.--In consultation with Federal, 
     State, academic, scientific, private sector, nongovernmental, 
     tribal, and international carbon capture and sequestration 
     technology programs, the Center shall design and carry out an 
     international carbon dioxide sequestration monitoring and 
     data program to collect, analyze, and make available the 
     technical and economic data to ascertain--

       ``(I) whether engineered sequestration and terrestrial 
     sequestration will be acceptable technologies from 
     regulatory, economic, and international perspectives;
       ``(II) whether carbon dioxide sequestered in geological 
     formations or ocean systems is stable and has inconsequential 
     leakage rates on a geologic time-scale; and
       ``(III) the extent to which forest, agricultural, and other 
     terrestrial systems are suitable carbon sinks.

       ``(C) Areas of expertise.--
       ``(i) In general.--The Center shall develop and maintain 
     expertise in integrated assessment, modeling, and related 
     capabilities necessary--

       ``(I) to understand the relationship between natural, 
     agricultural, industrial, energy, and economic systems;
       ``(II) to design effective research and development 
     programs; and
       ``(III) to develop and implement the Strategy.

       ``(ii) Technology transfer and diffusion.--The expertise 
     described in clause (i) shall include knowledge of technology 
     transfer and technology diffusion in United States markets 
     and foreign markets.
       ``(D) Dissemination of information.--The Center shall 
     ensure, to the maximum extent practicable, that technical and 
     scientific knowledge relating to greenhouse gas emission 
     reduction, avoidance, and sequestration is broadly 
     disseminated through publications, fellowships, and training 
     programs.
       ``(E) Assessments.--In a manner consistent with the 
     Strategy, the Center shall conduct assessments of deployment 
     of climate-friendly technology.
       ``(F) Use of private sector funding.--
       ``(i) In general.--The Center shall create an operating 
     model that allows for collaboration, division of effort, and 
     cost sharing with industry on individual climate change 
     response projects.
       ``(ii) Requirements.--Although cost sharing in some cases 
     may be appropriate, the Center shall focus on long-term high-
     risk research and development and should not make industrial 
     partnerships or cost sharing a requirement, if such a 
     requirement would bias the activities of the Center toward 
     incremental innovations.

[[Page 10273]]

       ``(iii) Reevaluation on transition.--At such time as any 
     bold, breakthrough research and development program reaches a 
     sufficient level of technological maturity such that the 
     program is transitioned to a program office of the Department 
     other than the Department Office, the cost-sharing 
     requirements and criteria applicable to the program should be 
     reevaluated.
       ``(iv) Publication in federal register.--Each cost-sharing 
     agreement entered into under this subparagraph shall be 
     published in the Federal Register.
       ``(G) Intergovernmental personnel and fellowships.--The 
     Director of the Center may use the authority provided by the 
     Intergovernmental Personnel Act of 1970 (42 U.S.C. 4701 et 
     seq.) and subchapter VI of chapter 33 of title 5, United 
     States Code, and fellowships, to obtain staff from academia, 
     scientific bodies, private industry, nongovernmental 
     organizations, other Department programs, other Federal 
     agencies, and national laboratories, for appointments of a 
     limited term.

     ``SEC. 1625. ADDITIONAL OFFICES AND ACTIVITIES.

       ``The Secretary of Agriculture, the Secretary of 
     Transportation, the Administrator of the Environmental 
     Protection Agency, and the heads of other Federal agencies 
     may establish such offices and carry out such activities, in 
     addition to those established or authorized by this subtitle, 
     as are necessary to carry out this subtitle.

     ``SEC. 1626. UNITED STATES CLIMATE CHANGE RESPONSE STRATEGY 
                   REVIEW BOARD.

       ``(a) Establishment.--There is established as an 
     independent establishment within the executive branch the 
     United States Climate Change Response Strategy Review Board.
       ``(b) Membership.--
       ``(1) Composition.--The Review Board shall consist of 11 
     members who shall be appointed, not later than 90 days after 
     the date of enactment of this subtitle, by the President by 
     and with the advice and consent of the Senate, from among 
     qualified individuals nominated by the National Academy of 
     Sciences in accordance with paragraph (2).
       ``(2) Nominations.--Not later than 60 days after the date 
     of enactment of this subtitle, after taking into strong 
     consideration the guidance and recommendations of a broad 
     range of scientific and technical societies that have the 
     capability of recommending qualified individuals, the 
     National Academy of Sciences shall nominate for appointment 
     to the Review Board not fewer than 22 individuals who--
       ``(A) are--
       ``(i) qualified individuals; or
       ``(ii) experts in a field of knowledge specified in section 
     1621(9)(B); and
       ``(B) as a group represent broad, balanced expertise.
       ``(3) Prohibition on federal government employment.--A 
     member of the Review Board shall not be an employee of the 
     Federal Government.
       ``(4) Terms; vacancies.--
       ``(A) Terms.--
       ``(i) In general.--Subject to clause (ii), each member of 
     the Review Board shall be appointed for a term of 4 years.
       ``(ii) Initial terms.--

       ``(I) Commencement date.--The term of each member initially 
     appointed to the Review Board shall commence 120 days after 
     the date of enactment of this subtitle.
       ``(II) Termination date.--Of the 11 members initially 
     appointed to the Review Board, 5 members shall be appointed 
     for a term of 2 years and 6 members shall be appointed for a 
     term of 4 years, to be designated by the President at the 
     time of appointment.

       ``(B) Vacancies.--
       ``(i) In general.--A vacancy on the Review Board shall be 
     filled in the manner described in this subparagraph.
       ``(ii) Nominations by the national academy of sciences.--
     Not later than 60 days after the date on which a vacancy 
     commences, the National Academy of Sciences shall--

       ``(I) after taking into strong consideration the guidance 
     and recommendations of a broad range of scientific and 
     technical societies that have the capability of recommending 
     qualified individuals, nominate, from among qualified 
     individuals, not fewer than 2 individuals to fill the 
     vacancy; and
       ``(II) submit the names of the nominees to the President.

       ``(iii) Selection.--Not later than 30 days after the date 
     on which the nominations under clause (ii) are submitted to 
     the President, the President shall select from among the 
     nominees an individual to fill the vacancy.
       ``(iv) Senate confirmation.--An individual appointed to 
     fill a vacancy on the Review Board shall be appointed by and 
     with the advice and consent of the Senate.
       ``(5) Disclosure of potential conflicts of interest.--
       ``(A) Employment of nominees.--If a nominee to the Review 
     Board is employed by an entity that receives any funding from 
     the Department or any other Federal agency, the fact of the 
     employment shall be--
       ``(i) disclosed to the President by the National Academy of 
     Sciences at the time of the nomination; and
       ``(ii) publicly disclosed by the nominee as part of the 
     Senate confirmation process of the nominee.
       ``(B) Employment of members.--If, during the period of 
     service of a member on the Review Board, the member is 
     employed by an entity that receives any funding from the 
     Department or any other Federal agency, the fact of the 
     employment shall be publicly disclosed by the Chairperson of 
     the Review Board on a semiannual basis.
       ``(C) Financial benefit to members.--If, during the period 
     of service of a member on the Review Board, the Review Board 
     makes any written recommendation that may financially benefit 
     a member or an entity that employs the member, the fact of 
     that financial benefit shall be publicly disclosed by the 
     Chairperson of the Review Board at the time of the 
     recommendation.
       ``(D) Applicability of ethics in government act of 1978.--A 
     member of the Review Board shall be deemed to be an 
     individual subject to the Ethics in Government Act of 1978 (5 
     U.S.C. App.).
       ``(6) Chairperson; vice chairperson.--The members of the 
     Review Board shall select a Chairperson and a Vice 
     Chairperson of the Review Board from among the members of the 
     Review Board.
       ``(c) Duties.--
       ``(1) In general.--Not later than 180 days after the date 
     of submission of the initial Strategy under section 1622(b), 
     each updated version of the Strategy under section 1622(c), 
     each progress report under section 1622(d), and each national 
     laboratory certification under section 1622(f), the Review 
     Board shall submit to the President, Congress, and the heads 
     of Federal agencies as appropriate a report assessing the 
     adequacy of the Strategy, report, or certification.
       ``(2) Comments.--In reviewing the Strategy, or a report or 
     certification, under paragraph (1), the Review Board shall 
     consider and comment on--
       ``(A) the adequacy of effort and the appropriateness of 
     focus of the totality of all public, private, and public-
     private sector actions of the United States with respect to 
     the 4 key elements;
       ``(B) the extent to which actions of the United States, 
     with respect to climate change, complement or leverage 
     international research and other efforts designed to manage 
     global emissions of greenhouse gases, to further the long-
     term goal of stabilization of greenhouse gas concentrations;
       ``(C) the funding implications of any recommendations made 
     by the Review Board; and
       ``(D)(i) the effectiveness with which each Federal agency 
     is carrying out the responsibilities of the Federal agency 
     with respect to the short-term and long-term greenhouse gas 
     management goals; and
       ``(ii) the adequacy of the budget of each such Federal 
     agency to carry out those responsibilities.
       ``(3) Additional recommendations.--
       ``(A) In general.--Subject to subparagraph (B), the Review 
     Board, at the request of the President or Congress, may 
     provide recommendations on additional climate change-related 
     topics.
       ``(B) Secondary duty.--The provision of recommendations 
     under subparagraph (A) shall be a secondary duty to the 
     primary duty of the Review Board of providing independent 
     review of the Strategy and the reports and certifications 
     under paragraphs (1) and (2).
       ``(d) Powers.--
       ``(1) Hearings.--
       ``(A) In general.--On request of the Chairperson or a 
     majority of the members of the Review Board, the Review Board 
     may hold such hearings, meet and act at such times and 
     places, take such testimony, and receive such evidence as the 
     Review Board considers to be appropriate.
       ``(B) Administration of oaths.--Any member of the Review 
     Board may administer an oath or affirmation to any witness 
     that appears before the Review Board.
       ``(2) Production of documents.--
       ``(A) In general.--On request of the Chairperson or a 
     majority of the members of the Review Board, and subject to 
     applicable law, the Secretary or head of a Federal agency 
     represented on the Interagency Task Force, or a contractor of 
     such an agency, shall provide the Review Board with such 
     records, files, papers, data, and information as are 
     necessary to respond to any inquiry of the Review Board under 
     this subtitle.
       ``(B) Inclusion of work in progress.--Subject to applicable 
     law, information obtainable under subparagraph (A)--
       ``(i) shall not be limited to final work products; but
       ``(ii) shall include draft work products and documentation 
     of work in progress.
       ``(3) Postal services.--The Review Board may use the United 
     States mails in the same manner and under the same conditions 
     as other agencies of the Federal Government.
       ``(e) Compensation of Members.--A member of the Review 
     Board shall be compensated at a rate equal to the daily 
     equivalent of the annual rate of basic pay prescribed for 
     level IV of the Executive Schedule under section 5315 of 
     title 5, United States Code, for each day (including travel 
     time) during which the member is engaged in the performance 
     of the duties of the Review Board.

[[Page 10274]]

       ``(f) Travel Expenses.--A member of the Review Board shall 
     be allowed travel expenses, including per diem in lieu of 
     subsistence, at rates authorized for an employee of an agency 
     under subchapter I of chapter 57 of title 5, United States 
     Code, while away from the home or regular place of business 
     of the member in the performance of the duties of the Review 
     Board.
       ``(g) Staff.--
       ``(1) In general.--The Chairperson of the Review Board may, 
     without regard to the civil service laws (including 
     regulations), appoint and terminate an executive director and 
     such other additional personnel as are necessary to enable 
     the Review Board to perform the duties of the Review Board.
       ``(2) Confirmation of executive director.--The employment 
     of an executive director shall be subject to confirmation by 
     the Review Board.
       ``(3) Compensation.--
       ``(A) In general.--Except as provided in subparagraph (B), 
     the Chairperson of the Review Board may fix the compensation 
     of the executive director and other personnel without regard 
     to the provisions of chapter 51 and subchapter III of chapter 
     53 of title 5, United States Code, relating to classification 
     of positions and General Schedule pay rates.
       ``(B) Maximum rate of pay.--The rate of pay for the 
     executive director and other personnel shall not exceed the 
     rate payable for level V of the Executive Schedule under 
     section 5316 of title 5, United States Code.
       ``(h) Procurement of Temporary and Intermittent Services.--
     The Chairperson of the Review Board may procure temporary and 
     intermittent services in accordance with section 3109(b) of 
     title 5, United States Code, at rates for individuals that do 
     not exceed the daily equivalent of the annual rate of basic 
     pay prescribed for level V of the Executive Schedule under 
     section 5316 of that title.

     ``SEC. 1627. AUTHORIZATION OF APPROPRIATIONS.

       ``(a) White House Office.--
       ``(1) Use of available appropriations.--From funds made 
     available to Federal agencies for the fiscal year in which 
     this subtitle is enacted, the President shall provide such 
     sums as are necessary to carry out the duties of the White 
     House Office under this subtitle until the date on which 
     funds are made available under paragraph (2).
       ``(2) Authorization of appropriations.--There is authorized 
     to be appropriated to the White House Office to carry out the 
     duties of the White House Office under this subtitle 
     $5,000,000 for each of fiscal years 2002 through 2011, to 
     remain available through September 30, 2011.
       ``(b) Department Office.--
       ``(1) Use of available appropriations.--From funds made 
     available to Federal agencies for the fiscal year in which 
     this subtitle is enacted, the President shall provide such 
     sums as are necessary to carry out the duties of the 
     Department Office under this subtitle until the date on which 
     funds are made available under paragraph (2).
       ``(2) Authorization of appropriations.--There is authorized 
     to be appropriated to the Department Office to carry out the 
     duties of the Department Office under this subtitle 
     $4,000,000,000 for the period of fiscal years 2002 through 
     2011, to remain available through September 30, 2011.
       ``(c) Center.--
       ``(1) Use of available appropriations.--From funds made 
     available to Federal agencies for the fiscal year in which 
     this subtitle is enacted, the President shall provide such 
     sums as are necessary to carry out the duties of the Center 
     under this subtitle until the date on which funds are made 
     available under paragraph (2).
       ``(2) Authorization of appropriations.--There is authorized 
     to be appropriated to the Center to carry out the duties of 
     the Center under this subtitle $75,000,000 for each of fiscal 
     years 2002 through 2011, to remain available through 
     September 30, 2011.
       ``(d) Review Board.--
       ``(1) Use of available appropriations.--From funds made 
     available to Federal agencies for the fiscal year in which 
     this subtitle is enacted, the President shall provide such 
     sums as are necessary to carry out the duties of the Review 
     Board under this subtitle until the date on which funds are 
     made available under paragraph (2).
       ``(2) Authorization of appropriations.--There is authorized 
     to be appropriated to the Review Board to carry out the 
     duties of the Review Board under this subtitle $3,000,000 for 
     each of fiscal years 2002 through 2011, to remain available 
     until expended.
       ``(e) Additional Amounts.--Amounts authorized to be 
     appropriated under this section shall be in addition to--
       ``(1) amounts made available to carry out the United States 
     Global Change Research Program under the Global Change 
     Research Act of 1990 (15 U.S.C. 2921 et seq.); and
       ``(2) amounts made available under other provisions of law 
     for energy research and development.''.

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