I 
112TH CONGRESS 
1ST SESSION H. R. 3331 
To require an accounting for financial support made to promote the 
production or use of renewable energy, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 2, 2011 
Mr. SENSENBRENNER introduced the following bill; which was referred to the 
Committee on Energy and Commerce, and in addition to the Committee 
on Science, Space, and Technology, for a period to be subsequently deter-
mined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
A BILL 
To require an accounting for financial support made to pro-
mote the production or use of renewable energy, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Federal Accounting 
of Renewable Energy Act of 2011’’ or the ‘‘FARE Act 
of 2011’’. 
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SEC. 2. GREEN ECONOMICS ACCOUNTING. 
(a) IN GENERAL.—Not later than 60 days after the 
date of enactment of this Act, the head of each Federal 
agency shall submit to Congress an accounting for all fi-
nancial support (including grants, loans, loan guarantees, 
and direct payments) made by the agency during fiscal 
years 2009 through 2011 to promote the production or 
use of renewable energy. 
(b) RESULTS.—As part of the accounting for projects 
described in subsection (a), the Federal agency shall in-
clude in the accounting— 
(1) a list of the projects that directly led to the 
production or use of renewable energy (as of the 
date of the submission of the report); 
(2)(A) the quantity of renewable energy or 
products on the market as a direct result of the fi-
nancial support provided to the recipient company; 
and 
(B) the gross sales of the recipient company 
during the most recent fiscal year for which data are 
available; and 
(3)(A) the total quantity of financial support 
provided; 
(B) the total number of jobs created as a result 
of the financial support listed by temporary or full- 
time employment; and 
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(C) the average cost to the recipient company 
of each full-time job created. 
(c) MINIMUM
REQUIREMENTS.—In the case of 
projects described in subsection (a), each accounting re-
quired under this section shall provide a full accounting 
(including applicable percentages) for each project, includ-
ing— 
(1)(A) the applicable employment, sales, and 
revenue targets submitted by each recipient company 
before receiving financial support; and 
(B) a list of the recipient companies that sub-
stantially failed to meet the applicable targets; 
(2) a list of all recipient companies that re-
ceived financial support but are no longer in oper-
ation or have moved any portion of the operations 
of the companies to a location outside the United 
States, as of the date of enactment of this Act; and 
(3) a list of all venture capital firms that were 
directly involved in submitting the proposal for any 
financial support that was ultimately awarded. 
(d) INVESTIGATIONS.—If a recipient company re-
ceived financial support to carry out a project described 
in subsection (a) and the recipient company is no longer 
in existence or is unlikely to substantially achieve the pur-
pose of the financial support, the Inspector General of the 
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Federal agency that provided the financial support shall 
conduct a preliminary investigation of the documents sub-
mitted by the company and executives of the company to 
determine whether the company or executives potentially 
committed fraud in obtaining the financial support. 
SEC. 3. REVIEW OF LOAN GUARANTEES. 
Section 1702 of the Energy Policy Act of 2005 (42 
U.S.C. 16512) is amended by adding at the end the fol-
lowing new subsection: 
‘‘(l) INDEPENDENT REVIEW.—No loan guarantee 
may be made under this section unless the Secretary finds 
that an independent review, paid for by the applicant for 
the guarantee, demonstrates the ability of the applicant 
to repay the loan to be guaranteed.’’. 
Æ 
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