I yield myself such time as I may consume. Mr. Chairman, the bill we are considering today, H.R. 4785, the Rural Energy Savings Program Act, will greatly benefit our rural residents. The agriculture provisions in this bill build on…
I yield myself such time as I may consume.
Mr. Chairman, the bill we are considering today, H.R. 4785, the Rural Energy Savings Program Act, will greatly benefit our rural residents. The agriculture provisions in this bill build on existing U.S. Department of Agriculture programs and will reduce energy consumption and, as a result, reduce energy costs in rural America.
Rural electric cooperatives estimate that the Rural Energy Savings Program Act has the potential to create between 20,000 and 40,000 jobs per year and will make loans available to between 1.1 and 1.6 million rural households, depending on the average consumer size. It is clear that this is a win-win proposition for our rural constituents and our rural economy.
This Act furthers the Agriculture Committee's commitment to expand renewable and alternative sources of power and discover new technologies to improve the efficiency and sustainability of existing power generation across rural America.
H.R. 4785 authorizes USDA's rural utility service to make interest- free loans to eligible entities. These entities will use these funds to make low-interest loans to rural consumers allowing them to implement energy-efficient measures on their property. Using the existing Rural Utilities Service structure, with the rural electric cooperatives as the delivery system, rural consumers can more quickly obtain the benefits of energy-efficient investments and ultimately decrease their energy bills.
Rural customers are facing increasing energy costs and rural electric cooperatives, which serve 42 million member owners across the country, are facing growing demand for electric power, yet are constrained from building new generation capacity.
The upfront costs to make energy-efficient upgrades are often beyond the reach of most consumers. This is true even if the costs can be recovered over time or a tax credit or a rebate would reduce the initial price. Additionally, consumers often lack the necessary knowledge about what technologies would be the most effective.
H.R. 4785 is an opportunity to meet these challenges and enact policy that we know will reduce energy costs and consumption and improve the quality of life in our rural communities.
I would like to thank Congressman Clyburn and Congressman Perriello for their hard work and dedication to improving energy efficiency and their support for the agriculture provisions within this Act.
Mr. Chairman, I strongly support the agriculture provisions contained in this Act and encourage its passage.
I reserve the balance of my time.
Mr. Chairman, I yield 4 minutes to the gentleman from South Carolina (Mr. Clyburn), the distinguished majority whip.
(Mr. CLYBURN asked and was given permission to revise and extend his remarks.)
Mr. Chairman, I yield 2 minutes to the gentleman from South Carolina, the chairman of the Budget Committee, Mr. Spratt.
(Mr. SPRATT asked and was given permission to revise and extend his remarks.)
Mr. Chairman, I yield 4 minutes to the gentleman from Virginia (Mr. Perriello).
Mr. Chairman, I have no further requests for time, and I reserve the balance of my time.
Mr. Chairman, we know that rural cooperatives will need
to double generating capacity. Several reports, including one done by USDA, state it will take a 10-year capital requirement of $65.5 billion, $49.9 billion which would be for new generation, and this does not even take into consideration the $10 billion needed for transmission and the $3 billion to retrofit. So that would be a tremendous expense to consumers across rural America. Energy efficiency investment is the way we need to proceed, so I encourage adoption of the bill.
I yield back the balance of my time.
Mr. Chairman, I have an amendment at the desk.
Mr. Chairman, the manager's amendment contains the following provisions: It prohibits entities with ongoing TARP obligations from participating in the program. It mandates that funds provided by the legislation must be used to supplement and not to supplant other energy efficiency funding. It says that no report has to be filed by the comptroller general regarding the extent to which funds provided by the legislation are used to support commercial or industrial energy measures. It prohibits any additions to direct spending with respect to the legislation. It forbids funds from being used to purchase personal property, including manufactured homes; but allows funds to be used for modifications to manufactured homes.
The manager's amendment prohibits the Secretary of Agriculture from promulgating regulations regarding a
home labeling program. It also prohibits the wrongful use or diversion of program funds, as well as prohibits providing funds to any contractor who employs any person who has been convicted of, or pled guilty to, any form of sexual assault. Finally, it prohibits Federal employees from receiving loan funds if they have seriously delinquent tax debt, have received a payment in violation of LIHEAA, or have been officially disciplined for viewing, downloading, or exchanging pornography on a Federal Government computer or while performing official Federal Government duties.
Mr. Chairman, I reserve the balance of my time.
Mr. Chairman, I would like to thank the gentlemen from North Carolina, Oklahoma, and Texas for their support of the manager's amendment, and encourage its passage.
I yield back the balance of my time.
Mr. Chairman, I demand a recorded vote.