S.Amdt. 4881
What it does: 10 changes: inserts text, replaces text in 9 places
Sen. Arlen Specter (R-PA)What it changes
10 changes to S. 3036
We couldn't match these changes to the text of S. 3036, so they're shown as written.
Change 1: Inserts new text on page 31, between lines 9 and 10
InsertsPrinted pageInserted: (50) TAP.--The term "TAP" means the technology accelerator payment determined under section 202(a)(2).
Original wording
On page 31, between lines 9 and 10, insert the following:
Change 2: Replaces “(50)” with “(51)”
[struck: (50)][inserted: (51)]Original wording
On page 31, line 10, strike “(50)” and insert “(51)”.
Change 3: Replaces “(51)” with “(52)”
[struck: (51)][inserted: (52)]Original wording
On page 31, line 14, strike “(51)” and insert “(52)”.
Change 4: Rewrites page 65, line 3 through page 66, line 19
ReplacesPrinted pageRemoves page 65, line 3 through page 66, line 19 of the printed bill. See that page
Inserted: SEC. 202. COMPLIANCE OBLIGATION.
Inserted: (a) Submission of Allowances or TAP Price.--
Inserted: (1) In general.--Not later than 90 days after the end of each of calendar years 2012 through 2050, the owner or operator of a covered entity shall submit to the Administrator--
Inserted: (A) an emission allowance or an offset allowance for each carbon dioxide equivalent of--
Inserted: (i) non-HFC greenhouse gas that was emitted by that covered entity in the United States during the preceding calendar year through the use of coal;
Inserted: (ii) non-HFC greenhouse gas that will be emitted through the use of petroleum-based liquid or gaseous fuel, petroleum coke, or coal-based liquid or gaseous fuel that was, during the preceding calendar year, manufactured by that covered entity in the United States or imported into the United States by that covered entity;
Inserted: (iii) non-HFC greenhouse gas, that was, during the preceding calendar year, manufactured by that covered entity in the United States or imported into the United States by that covered entity, in each case in which the non-HFC greenhouse gas is not itself a petroleum- or coal-based gaseous fuel or natural gas;
Inserted: (iv) each HFC that was, during the preceding calendar year, emitted as a byproduct of hydrochlorofluorocarbon manufacture in the United States by that covered entity; and
Inserted: (v) non-HFC greenhouse gas that will be emitted-- (I) through the use of natural gas that was, during the preceding calendar year, processed in the United States by that covered entity, imported into the United States by that covered entity, or produced in the State of Alaska or the Federal waters of the outer Continental Shelf off the coast of that State by that covered entity and not reinjected into the field; or (II) through the use of natural gas liquids that were, during the preceding year, processed in the United States by that covered entity or imported into the United States by that covered entity; or
Inserted: (B) a payment equal to the amount of the applicable TAP price in lieu of submission of 1 or more required emission allowances or offset allowances, to be used by the Administrator in accordance with paragraph (3).
Inserted: (2) Determination of applicable tap price.--The applicable TAP price per allowance shall be--
Inserted: (A) for calendar year 2012, $12 per metric ton of carbon dioxide equivalent emitted by a covered entity; and
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Inserted: (B) for each subsequent calendar year, an amount equal to the product obtained by multiplying--
Inserted: (i) the TAP price established for the preceding calendar year, increased by 5 percent; and
Inserted: (ii) the ratio that--
Inserted: (I) the implicit price deflator for the gross domestic product, as computed and published by the Department of Commerce for the most recent 4-calendar quarter period for which data is available; bears to
Inserted: (II) the implicit price deflator for the gross domestic product, as computed and published by the Department of Commerce for the 4-calendar quarter period immediately preceding the period referred to in subclause (I).
Inserted: (3) Use of tap price payments.--
Inserted: (A) In general.--For each of calendar years 2012 through 2050, the Administrator shall transfer to the Climate Change Technology Board established by section 431 an amount equal to the total amount of TAP price payments received by the Administrator under paragraph (1)(B) for that calendar year.
Inserted: (B) Use by board.--The Climate Change Technology Board shall use amounts transferred to the Board under subparagraph (A) to accelerate the commercialization and diffusion of low-and zero-carbon technologies and practices.
Original wording
Beginning on page 65, strike line 3 and all that follows through page 66, line 19, and insert the following:
Change 5: Replaces “paragraph (2) nor paragraph (5) of subsection (a)” with “clause (ii) nor clause (v) of subsection (a)(1)(A)”
[struck: paragraph (2) nor paragraph (5) of subsection (a)][inserted: clause (ii) nor clause (v) of subsection (a)(1)(A)]Original wording
On page 67, lines 4 and 5, strike “paragraph (2) nor paragraph (5) of subsection (a)” and insert “clause (ii) nor clause (v) of subsection (a)(1)(A)”.
Change 6: Replaces “subsection (a)(2)” with “subsection (a)(1)(A)(ii)”
[struck: subsection (a)(2)][inserted: subsection (a)(1)(A)(ii)]Original wording
On page 67, line 18, strike “subsection (a)(2)” and insert “subsection (a)(1)(A)(ii)”.
Change 7: Replaces “(a)” with “(a)(1)(A)”
[struck: (a)][inserted: (a)(1)(A)]Original wording
On page 68, line 14, strike “(a)” and insert “(a)(1)(A)”.
Change 8: Replaces “(a)” with “(a)(1)(A)”
[struck: (a)][inserted: (a)(1)(A)]Original wording
On page 70, line 7, strike “(a)” and insert “(a)(1)(A)”.
Change 9: Replaces “paragraph (2), (3), or (5) of subsection (a)” with “clause (ii), (iii), or (v) of subsection (a)(1)(A)”
[struck: paragraph (2), (3), or (5) of subsection (a)][inserted: clause (ii), (iii), or (v) of subsection (a)(1)(A)]Original wording
On page 70, lines 15 and 16, strike “paragraph (2), (3), or (5) of subsection (a)” and insert “clause (ii), (iii), or (v) of subsection (a)(1)(A)”.
Change 10: Replaces “(a)(2)” with “(a)(1)(A)(ii)”
[struck: (a)(2)][inserted: (a)(1)(A)(ii)]Original wording
On page 71, line 3, strike “(a)(2)” and insert “(a)(1)(A)(ii)”.
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 4881. Mr. SPECTER submitted an amendment intended to be proposed by him to the bill S. 3036, to direct the Administrator of the Environmental Protection Agency to establish a program to decrease emissions of greenhouse gases, and for other purposes; which was ordered to lie on the table; as follows:
On page 31, between lines 9 and 10, insert the following:
(50) TAP.--The term “TAP” means the technology accelerator payment determined under section 202(a)(2).
On page 31, line 10, strike “(50)” and insert “(51)”.
On page 31, line 14, strike “(51)” and insert “(52)”.
Beginning on page 65, strike line 3 and all that follows through page 66, line 19, and insert the following:
SEC. 202. COMPLIANCE OBLIGATION.
(a) Submission of Allowances or TAP Price.--
(1) In general.--Not later than 90 days after the end of each of calendar years 2012 through 2050, the owner or operator of a covered entity shall submit to the Administrator--
(A) an emission allowance or an offset allowance for each carbon dioxide equivalent of--
(i) non-HFC greenhouse gas that was emitted by that covered entity in the United States during the preceding calendar year through the use of coal;
(ii) non-HFC greenhouse gas that will be emitted through the use of petroleum-based liquid or gaseous fuel, petroleum coke, or coal-based liquid or gaseous fuel that was, during the preceding calendar year, manufactured by that covered entity in the United States or imported into the United States by that covered entity;
(iii) non-HFC greenhouse gas, that was, during the preceding calendar year, manufactured by that covered entity in the United States or imported into the United States by that covered entity, in each case in which the non-HFC greenhouse gas is not itself a petroleum- or coal-based gaseous fuel or natural gas;
(iv) each HFC that was, during the preceding calendar year, emitted as a byproduct of hydrochlorofluorocarbon manufacture in the United States by that covered entity; and
(v) non-HFC greenhouse gas that will be emitted-- (I) through the use of natural gas that was, during the preceding calendar year, processed in the United States by that covered entity, imported into the United States by that covered entity, or produced in the State of Alaska or the Federal waters of the outer Continental Shelf off the coast of that State by that covered entity and not reinjected into the field; or (II) through the use of natural gas liquids that were, during the preceding year, processed in the United States by that covered entity or imported into the United States by that covered entity; or
(B) a payment equal to the amount of the applicable TAP price in lieu of submission of 1 or more required emission allowances or offset allowances, to be used by the Administrator in accordance with paragraph (3).
(2) Determination of applicable tap price.--The applicable TAP price per allowance shall be--
(A) for calendar year 2012, $12 per metric ton of carbon dioxide equivalent emitted by a covered entity; and
(B) for each subsequent calendar year, an amount equal to the product obtained by multiplying--
(i) the TAP price established for the preceding calendar year, increased by 5 percent; and
(ii) the ratio that--
(I) the implicit price deflator for the gross domestic product, as computed and published by the Department of Commerce for the most recent 4-calendar quarter period for which data is available; bears to
(II) the implicit price deflator for the gross domestic product, as computed and published by the Department of Commerce for the 4-calendar quarter period immediately preceding the period referred to in subclause (I).
(3) Use of tap price payments.--
(A) In general.--For each of calendar years 2012 through 2050, the Administrator shall transfer to the Climate Change Technology Board established by section 431 an amount equal to the total amount of TAP price payments received by the Administrator under paragraph (1)(B) for that calendar year.
(B) Use by board.--The Climate Change Technology Board shall use amounts transferred to the Board under subparagraph (A) to accelerate the commercialization and diffusion of low-and zero-carbon technologies and practices.
On page 67, lines 4 and 5, strike “paragraph (2) nor paragraph (5) of subsection (a)” and insert “clause (ii) nor clause (v) of subsection (a)(1)(A)”.
On page 67, line 18, strike “subsection (a)(2)” and insert “subsection (a)(1)(A)(ii)”.
On page 68, line 14, strike “(a)” and insert “(a)(1)(A)”.
On page 70, line 7, strike “(a)” and insert “(a)(1)(A)”.
On page 70, lines 15 and 16, strike “paragraph (2), (3), or (5) of subsection (a)” and insert “clause (ii), (iii), or (v) of subsection (a)(1)(A)”.
On page 71, line 3, strike “(a)(2)” and insert “(a)(1)(A)(ii)”.
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Senate amendment submitted
June 5, 2008