S. 3438Senate111th Congress (2009-2011)In Committee

Clean Transmission for Rural Communities Act of 2010

Sponsored by Harry ReidSen. Harry Reid (D-NV)
Introduced May 27, 2010

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4540)

May 27, 2010

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SenateIntro Referral

Introduced in Senate

May 27, 2010

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S4539-4540)

May 27, 2010

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4540)

May 27, 2010

Floor Debate

9 members

What members said about S. 3438 on the floor

3 Republicans6 Democrats
Orrin G. Hatch
Sen. Orrin G. HatchR-UT · May 27, 2010

Mr. President, I rise today to introduce legislation designed to increase tax fairness for America's primary and secondary school teachers. Our public school teachers are some of the unheralded…

Jeff Bingaman
Sen. Jeff BingamanD-NM · May 27, 2010

Mr. President, I rise to introduce the Home Star Energy Retrofit Act of 2010 and to recognize the original cosponsors of the bill: Senator Warner, Senator Graham, Senator Snowe, Senator Sanders,…

Tom Udall
Sen. Tom UdallD-NM · May 27, 2010

Mr. President, I rise today to express support for S. 3307, the Healthy, Hunger-Free Kids Act of 2010, and to introduce two pieces of legislation that I hope will be included in the final…

Daniel K. Akaka
Sen. Daniel K. AkakaD-HI · May 27, 2010

Mr. President, I am introducing today the proposed Post-9/ 11 Veterans Educational Assistance Improvements Act of 2010. This measure is designed to make a number of modifications to the new program…

Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · May 27, 2010

Mr. President, as Ranking Member of the Senate Committee on Small Business and Entrepreneurship, I rise today, during National Small business Week, along with my colleague Senator Cardin, to…

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Richard J. Durbin
Sen. Richard J. DurbinD-IL · May 27, 2010

Mr. President, I rise today to introduce legislation designed to improve educational opportunities for struggling students. The All Students Achieving Through Reform Act, or All-STAR Act, would…

Harry Reid
Sen. Harry ReidD-NV · May 27, 2010

Mr. President, in 1935, President Franklin Delano Roosevelt signed the Rural Electrification Act to bring electricity to the sparsely-populated rural areas of our vast Nation. Today, with advances in…

Harry Reid
Sen. Harry ReidD-NV · May 27, 2010

Mr. President, in 1935, President Franklin Delano Roosevelt signed the Rural Electrification Act to bring electricity to the sparsely-populated rural areas of our vast Nation. Today, with advances in…

John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · May 27, 2010

Mr. President, it is time to take mining companies' safety records out of the darkness and bring some much-needed transparency and accountability to the industry. Today, I am introducing legislation…

Chuck Grassley
Sen. Chuck GrassleyR-IA · May 27, 2010

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued May 27, 2010

II

111th CONGRESS

2d Session

S. 3438

IN THE SENATE OF THE UNITED STATES

May 27 (legislative day, May 26), 2010

Mr. Reid (for himself, Mr. Ensign, Mr. Harkin, Mr. Tester, Mr. Bennet, and Ms. Klobuchar) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To promote clean energy infrastructure for rural communities.

1.

Short title

This Act may be cited as the Clean Transmission for Rural Communities Act of 2010.

2.

Transmission for renewables

(a)

Clarification of qualified facilities for clean renewable energy bonds

(1)

In general

Section 54C(d)(1) of the Internal Revenue Code of 1986 is amended by inserting , or a facility primarily for the purpose of interconnecting one or more such qualified facilities to a high-voltage transmission line after electric company.

(2)

Effective date

The amendment made by this subsection shall apply to bonds issued after the date of enactment of this Act.

(b)

Tax-Exempt financing of certain electric transmission facilities

(1)

In general

Subsection (a) of section 142 of the Internal Revenue Code of 1986 is amended—

(A)

by striking or at the end of paragraph (14),

(B)

by striking the period at the end of paragraph (15) and inserting , or, and

(C)

by adding at the end the following new paragraph:

(16)

qualified electric transmission facilities.

.

(2)

Definition

Section 142 of such Code is amended by adding at the end the following new subsection:

(n)

Qualified electric transmission facilities

(1)

In general

For purposes of subsection (a)(16), the term qualified electric transmission facility means any electric transmission facility which is—

(A)

owned by—

(i)

a State or political subdivision of a State, or any agency, authority, or instrumentality of any of the foregoing, providing electric service, directly or indirectly to the public, or

(ii)

a State or political subdivision of a State expressly authorized under State law to finance and own electric transmission facilities, and

(B)

primarily for the purpose of interconnecting one or more renewable energy facilities to a high-voltage transmission line.

(2)

Termination

Subsection (a)(16) shall not apply with respect to any bond issued after December 31, 2011.

.

(3)

Effective date

The amendments made by this subsection shall apply to bonds issued after the date of enactment of this Act.