I'd like to thank Chairman Obey as well for all his work, and members of the committee on both sides of this bill, and I yield myself such time as I may consume. As a member of the Science and Technology Committee, it's my great privilege…
I'd like to thank Chairman Obey as well for all his work, and members of the committee on both sides of this bill, and I yield myself such time as I may consume.
As a member of the Science and Technology Committee, it's my great privilege to work with Chairman Gordon and Ranking Member Hall to advance our Nation's capabilities in scientific research and technological innovation.
The American Recovery and Reinvestment Act contains critical funding for the National Science Foundation, the Office of Science at the Department of Energy, the National Institute of Standards and Technology, the National Oceanic and Atmospheric Administration, and NASA. It also includes significant funding for research and development in advanced energy technologies.
These critical investments will create high-quality jobs, strengthen our economic competitiveness, and improve access to clean, affordable energy.
With that, I reserve the balance of my time.
I yield 2 minutes to the gentleman from Oregon (Mr. Wu).
Mr. Chairman, I now yield 1 minute to the gentlewoman from Maryland (Ms. Edwards).
I yield the gentlewoman an additional 30 seconds.
Mr. Chairman, I now yield 1 minute to the gentleman from New York (Mr. Tonko).
Mr. Chairman, may I inquire how much time we have remaining?
Mr. Chairman, I now yield 1 minute to the gentleman from Ohio (Mr. Boccieri).
(Mr. BOCCIERI asked and was given permission to revise and extend his remarks.)
Mr. Chairman, I now yield 1 minute to the gentleman from Michigan (Mr. Peters).
Mr. Chairman, I now yield myself such time as I may consume.
As a Representative from the State of Arizona, the State that is the most abundant State in terms of sunshine, I would like to take the remainder of the time to talk about my support for solar power.
A strong solar power industry is going to create good jobs, it is going to increase our competitiveness internationally, and it is also going to help us reduce the threat of climate change. This form of renewable energy is going to be good for our economy, it is absolutely going to create much-needed jobs, and it is really going to focus on that next 21st century economy. It is going to really focus on our future. So I am pleased that this legislation includes some solar investments such as research and basic science, basic energy science, as well as applied research and development. The bill also includes critical funding for critical research into advanced transmission and energy storage technologies, what Representative Peters from Michigan spoke of earlier.
Innovation in these two areas is essential to unlocking solar power's full potential. But that is not all that is included in this bill. We also are looking at language that contains critical financial incentives to support the development of solar power generating facilities. These provisions offer direct grants to qualified renewable energy products in lieu of the investment tax credits, also known as the ITC.
In the current economic downturn, the ITC cannot achieve its full potential, because many entities that would like to invest in solar power do not have taxable income. Therefore, this grant program is essential.
Unfortunately, the grant programs application is limited. It falls short of supporting large-scale solar projects with long lead times. We have seen many of these projects proposed throughout the Southwest and in other areas. That is why I have offered an amendment to expand this provision to include the large solar projects with the greatest potential to boost our economy. They are going to maximize job creation, foster greater investments and dramatically expand the amount of power our Nation gets from solar energy.
So as this bill moves forward, I urge the House and Senate to consider this amendment. We have this opportunity to take advantage and facilitate large and small scale projects. I would like us to help achieve President Obama's goal of doubling our Nation's renewable power capacity over the next 3 years. We are looking at 40,000 new jobs and $8 billion in investment. This is exactly the kind of bold action our Nation needs.
I reserve the balance of my time.