[Congressional Record (Bound Edition), Volume 160 (2014), Part 7]
[Extensions of Remarks]
[Page 9161]
[From the U.S. Government Publishing Office, www.gpo.gov]




INTRODUCING THE INVESTING TO MODERNIZE THE PRODUCTION OF AMERICAN CLEAN 
                   ENERGY AND TECHNOLOGY ACT OF 2014

                                 ______
                                 

                           HON. JIM McDERMOTT

                             of washington

                    in the house of representatives

                        Wednesday, May 28, 2014

  Mr. McDERMOTT. Mr. Speaker, I rise today to introduce the Investing 
to Modernize the Production of American Clean Energy and Technology Act 
of 2014, a bill that will continue this Nation's march towards 
sustainable power solutions.
  This bill will continue a number of valuable tax provisions used by 
clean energy companies to level the playing field so that clean energy 
can compete with its more established traditional-energy counterparts. 
This is done by extending tax provisions for onshore and offshore wind 
and other renewable energy production.
  The bill also provides incentives for clean energy manufacturing, 
energy efficient appliances and homes, electric vehicles, and a new era 
of natural gas-powered vehicles.
  At the same time, this bill prevents major oil companies from 
continuing to benefit from corporate giveaways tucked into the tax code 
at a time when their industry is making record profits.
  This bill is a statement of principles and vision as much as it is 
about tax policy. America needs clean renewable energy sources in the 
coming decades, resources that cannot be developed overnight. This bill 
will ensure America remains a strong and prosperous Nation while laying 
the groundwork for an economy built on clean energy.

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