II 

112TH CONGRESS 

1ST SESSION S. 1556 

To require an accounting for financial support made to promote the 

production or use of renewable energy, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 14, 2011 

Mr. VITTER (for himself and Mr. JOHNSON of Wisconsin) introduced the following bill; which was read twice and referred to the Committee on 

Homeland Security and Governmental Affairs 

A BILL 

To require an accounting for financial support made to promote the production or use of renewable energy, and 

for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Federal Accounting 

5 of Renewable Energy Act of 2011’’ or the ‘‘FARE Act 

6 of 2011’’. 

7 SEC. 2. GREEN ECONOMICS ACCOUNTING. 

8 (a) IN GENERAL.—Not later than 60 days after the 

9 date of enactment of this Act, the head of each Federal 


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1 agency shall submit to Congress an accounting for all fi2 nancial support (including grants, loans, loan guarantees, 

3 and direct payments) made by the agency during fiscal 

4 years 2009 through 2011 to promote the production or 

5 use of renewable energy. 

6 (b) RESULTS.—As part of the accounting for projects 

7 described in subsection (a), the Federal agency shall in8 clude in the accounting— 

9 (1) a list of the projects that directly led to the 

10 production or use of renewable energy (as of the 

11 date of the submission of the report); 

12 (2)(A) the quantity of renewable energy or 

13 products on the market as a direct result of the fi14 nancial support provided to the recipient company; 

15 and 

16 (B) the gross sales of the recipient company 

17 during the most recent fiscal year for which data are 

18 available; and 

19 (3)(A) the total quantity of financial support 

20 provided; 

21 (B) the total number of jobs created as a result 

22 of the financial support listed by temporary or full23 time employment; and 

24 (C) the average cost to the recipient company 

25 of each full-time job created. 


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1 (c) MINIMUM REQUIREMENTS.—In the case of 

2 projects described in subsection (a), each accounting re3 quired under this section shall provide a full accounting 

4 (including applicable percentages) for each project, includ5 ing— 

6 (1)(A) the applicable employment, sales, and 

7 revenue targets submitted by each recipient company 

8 before receiving financial support; and 

9 (B) a list of the recipient companies that sub10 stantially failed to meet the applicable targets; 

11 (2) a list of all recipient companies that re12 ceived financial support but are no longer in oper13 ation or have moved any portion of the operations 

14 of the companies to China, as of the date of enact15 ment of this Act; and 

16 (3) a list of all venture capital firms that were 

17 directly involved in submitting the proposal for any 

18 financial support that was ultimately awarded. 

19 (d) INVESTIGATIONS.— 

20 (1) IN GENERAL.—If a recipient company re21 ceived financial support to carry out a project de22 scribed in subsection (a) and the recipient company 

23 is no longer in existence or is unlikely to substan24 tially achieve the purpose of the financial support, 

25 the Inspector General of the Federal agency that 


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1 provided the financial support shall conduct a pre2 liminary investigation of the documents submitted 

3 by the company and executives of the company to 

4 determine whether the company or executives poten5 tially committed fraud in obtaining the financial 

6 support. 

7 (2) NATIONAL RENEWABLE ENERGY LABORA8 TORY.—The Inspector General of the Department of 

9 Energy shall review and submit to Congress a list of 

10 the name of each individual who— 

11 (A) is an executive of a recipient company 

12 that received financial support from National 

13 Renewable Energy Laboratory during any of 

14 calendar years 2009 through 2011; and 

15 (B) had an immediate family member who 

16 was employed by the National Renewable En17 ergy Laboratory as of the date of receipt of the 

18 financial support. 

Æ 


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