To express the sense of Congress that the Internal Revenue Code of 1986 should be amended to extend the credit with respect to facilities producing energy from certain renewable resources.

SA 133. Ms. HEITKAMP (for herself, Mr. Donnelly, and Mr. Coons)
submitted an amendment intended to be proposed to amendment SA 2
proposed by Ms. Murkowski (for herself, Mr. Hoeven, Mr. Barrasso, Mr.
Risch, Mr. Lee, Mr. Flake, Mr. Daines, Mr. Manchin, Mr. Cassidy, Mr.
Gardner, Mr. Portman, Mr. Alexander, and Mrs. Capito) to the bill S. 1,
to approve the Keystone XL Pipeline; which was ordered to lie on the
table; as follows:

At the appropriate place, insert the following:

SEC. _. SENSE OF CONGRESS REGARDING 5-YEAR EXTENSION OF
CREDITS WITH RESPECT TO FACILITIES PRODUCING
ENERGY FROM CERTAIN RENEWABLE RESOURCES.

(a) Findings.--Congress finds that--
(1) the energy policy of the United States is based on an
all-of-the-above approach to production sources;
(2) an all-of-the-above approach reduces dependence on
foreign oil, increases national security and creates jobs;
(3) smart investments in renewable resources are critical
to increase the energy independence of the United States,
reduce emissions, and create jobs;
(4) wind energy is a critical component of an all-of-the-
above energy policy and has a proven track record of creating
jobs, reducing emissions, and provides an alternative and
compatible energy resource to the existing generation
infrastructure of the United States;
(5) the wind energy industry and utilities require long-
term certainty regarding the Production Tax Credit for
project planning in order to continue build out of this
valuable natural resource; and
(6) the stop-start unpredictability of short-term
Production Tax Credit extensions should be avoided, as short-
term extensions have disrupted the wind industry, slowing the
ability of the wind industry to cut costs,

[[Page S443]]

as compared to what would have occurred with a long-term,
predictable policy in place.
(b) Sense of Congress.--It is the sense of Congress that--
(1) section 45(d) of the Internal Revenue Code of 1986
should be amended by striking ``January 1, 2015'' each place
it appears and inserting ``January 1, 2020'' in--
(A) paragraph (1);
(B) paragraph (2)(A);
(C) paragraph (3)(A);
(D) paragraph (4)(B);
(E) paragraph (6);
(F) paragraph (7);
(G) paragraph (9); and
(H) paragraph (11)(B);
(2) clause (ii) of section 48(a)(5)(C) should be amended by
striking ``January 1, 2015'' and inserting ``January 1,
2020''; and
(3) the amendments that would be made by paragraphs (1) and
(2) should take effect on January 1, 2015.
______