S.Amdt. 1944

SA 1944. Mr. MANCHIN submitted an amendment intended to be proposed by him to the bill S. 1392, to promote energy savings in residential buildings and industry, and for other purposes; which was ordered to lie on the table; as follows:

At the beginning of title IV, insert the following:

SEC. 4__. ENERGY INDEPENDENCE INVESTMENT.

(a) Findings.--Congress finds that--

(1) for the last 5 years, the Department of Energy has had $8,000,000,000 available for loan guarantees for advanced fossil energy projects, but in the 5 years that the funding has been available, the Department of Energy has not approved any projects;

(2) advanced fossil energy technologies will increase energy efficiency and result in less wasted energy in the United States; and

(3) advanced fossil energy technologies will result in dramatic reductions in greenhouse gas and other emissions.

(b) Projects Authorized.--Notwithstanding any other provision of law, not later than 1 year after the date of enactment of this Act, the Secretary shall give final approval to applications for loan guarantees totaling $2,000,000,0000 for advanced fossil energy projects.