U.S. Congress - S.949 21st Century Energy Technology Deployment Act
S.949 - 21st Century Energy Technology Deployment Act
A bill to improve the loan guarantee program of the Department of Energy under title XVII of the Energy Policy Act of 2005, to provide additional options for deploying energy technologies, and for other purposes. view all titles (2)
All Bill Titles
- Short: 21st Century Energy Technology Deployment Act as introduced.
- Official: A bill to improve the loan guarantee program of the Department of Energy under title XVII of the Energy Policy Act of 2005, to provide additional options for deploying energy technologies, and for other purposes. as introduced.
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Official Summary
4/30/2009--Introduced.21st Century Energy Technology Deployment Act - Establishes in the Treasury the Clean Energy Investment Fund, consisting of: (1) amounts appropriated for administrative expenses to implement a loan guarantee program that provides incentives for innovative technologiesOfficial Summary
4/30/2009--Introduced.21st Century Energy Technology Deployment Act - Establishes in the Treasury the Clean Energy Investment Fund, consisting of:(1) amounts appropriated for administrative expenses to implement a loan guarantee program that provides incentives for innovative technologies; and
(2) amounts deposited in or appropriated for the Fund. Amends the Energy Policy Act of 2005 to revise provisions concerning such program, including by revising the definition of "commercial technology," requiring payments from the borrower to not be a debt obligation that is made or guaranteed by the federal government, and requiring fees collected under such program to be deposited into the Fund (currently, the Treasury).Directs the Secretary of Energy (DOE), after consultation with the Energy Technology Advisory Council of the Clean Energy Deployment Administration (both established by this Act), to develop and publish for review and comment near-, medium-, and long-term goals for the deployment of clean energy technologies through the credit support programs established by this Act to establish or promote specified energy generation, transmission, and use and energy technology manufacturing capacities. Allows the Administration to issue direct loans, letters of credit, loan guarantees, insurance products, or such other credit enhancements or debt instruments (including through participation as a co-lender or a member of a syndication) to deploy clean energy technologies. Requires the Administration to:
(1) establish an expected loan loss reserve to account for estimated losses; and
(2) develop financial products and arrangements to promote the widespread deployment of, and mobilize private sector support of credit and investment institutions for, clean energy technologies through securitization, indirect credit support, or other similar means of credit enhancement. Authorizes the Administration to lend on the security of, and make commitments to lend on the security of, any debt that it has issued or is authorized to purchase. Describes the Administration's lending and credit authorities. Authorizes the Secretary to delegate to the Administration the provision of financial services and program management for grant, loan, and other credit enhancement programs. Requires biannual reports to Congress on the technologies supported and on Administration performance. Requires the Administration to report annually and quarterly to the Secretary on its financial conditions and operations.
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Recent News Coverage
17 Groups Urge Senate to Change CEDA Bill
...basis in the shortest time possible. One of the biggest dangers of the 21st Century Energy Technology Deployment Act (S.949) is the exemption from Sec. 504(b) of the Federal Credit Reform Act (FCRA), a valuable Congressional oversight tool. By exempting
17 Groups: Proposed Energy Deployment 'Bank' Will Thwart 'Cleanest, Greenest and Least Risky' Energy Alternatives
...basis in the shortest time possible. One of the biggest dangers of the 21st Century Energy Technology Deployment Act (S.949) is the exemption from Sec. 504(b) of the Federal Credit Reform Act (FCRA), a valuable Congressional oversight tool. By exempting
Senators propose solution to DOE loan program
The 21st Century Energy Technology Deployment Act (S.949) would create a new agency within the DOE - the Clean Energy Deployment Administration - to ...
Recent Blog Coverage
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Robert Suckales Kunstgeschichten
[23] Dieter Wuttke (Hg.): Erwin Panofsky: Korrespondenz, Bd. I, 1910-1936, Wiesbaden 2002, druckt S. 949-950 einen Brief Berliners vom 6.12.1936 an Panofsky ab, in dem er von ihm Hilfe erbat, um in Amerika Fuss zu fassen. ...
The German Genius von Peter Watson als Mängelexemplar preiswert kaufen
Zustandsbeschreibung: 1 Sterne mehr Informationen. Mängelexemplar in akzeptablem Zustand (Seiten eingerissen und geknickt ab S. 949). A virtuosic cultural history of German ideas and influence, from 1750 to the present day. Warenkorb ...
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