484 
‘‘(f) PURPOSE.—Under the SmartWay Financing 
Program, eligible entities shall— 
‘‘(1) use funds awarded by the Administrator to 
provide flexible loan and lease terms that increase 
approval rates or lower the costs of loans and leases 
in accordance with guidance developed by the Ad-
ministrator; and 
‘‘(2) make such loans and leases available to 
public and private entities for the purpose of adopt-
ing low-greenhouse gas technologies or strategies for 
the mobile source sector that are designated by the 
Administrator. 
‘‘(g) PROGRAM REQUIREMENTS.—The Administrator 
shall determine program design elements and require-
ments, including— 
‘‘(1) the type of financial mechanism with 
which to award funding, in the form of grants or 
contracts; 
‘‘(2) the designation of eligible entities to re-
ceive funding, including State, tribal, and local gov-
ernments, regional organizations comprised of gov-
ernmental units, nonprofit organizations, or for-prof-
it companies; 
‘‘(3) criteria for evaluating applications from el-
igible entities, including anticipated— 
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‘‘(A) cost-effectiveness of loan or lease pro-
gram on a metric-ton-of-greenhouse gas-saved- 
per-dollar basis; 
‘‘(B) ability to promote the loan or lease 
program and associated technologies and strate-
gies to the target audience; and 
‘‘(4) reporting requirements for entities that re-
ceive awards, including— 
‘‘(A) actual cost-effectiveness and green-
house gas savings from the loan or lease pro-
gram based on a methodology designated by the 
Administrator; 
‘‘(B) the total number of applications and 
number of approved applications; and 
‘‘(C) terms granted to loan and lease re-
cipients compared to prevailing market prac-
tices. 
‘‘(h) AUTHORIZATION
OF APPROPRIATIONS.—Such 
sums as necessary are authorized to be appropriated to 
the Administrator to carry out this section.’’. 
SEC. 224. STATE VEHICLE FLEETS. 
Section 507(o) of the Energy Policy Act of 1992 (42 
U.S.C. 13257) is amended by adding the following new 
paragraph at the end thereof: 
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‘‘(3) The Secretary shall revise the rules under this 
subsection with respect to the types of alternative fueled 
vehicles required for compliance with this subsection to en-
sure those rules are consistent with any guidance issued 
pursuant to section 303 of this Act.’’. 
Subtitle D—Industrial Energy 
Efficiency Programs 
SEC. 241. INDUSTRIAL PLANT ENERGY EFFICIENCY STAND-
ARDS. 
The Secretary of Energy shall continue to support 
the development of the American National Standards In-
stitute (ANSI) voluntary industrial plant energy efficiency 
certification program, pending International Standards 
Organization (ISO) consensus standard 50001, and other 
related ANSI/ISO standards. In addition, the Department 
shall undertake complementary activities through the De-
partment of Energy’s Industry Technologies Program that 
support the voluntary implementation of such standards 
by manufacturing firms. There are authorized to be appro-
priated to the Secretary such sums as are necessary to 
carry out these activities. The Secretary shall report to 
Congress on the status of standards development and 
plans for further standards development pursuant to this 
section by not later than 18 months after the date of en-
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actment of this Act, and shall prepare a second such re-
port 18 months thereafter. 
SEC. 242. ELECTRIC AND THERMAL WASTE ENERGY RECOV-
ERY AWARD PROGRAM. 
(a) ELECTRIC AND THERMAL WASTE ENERGY RE-
COVERY AWARDS.—The Secretary of Energy shall estab-
lish a program to make monetary awards to the owners 
and operators of new and existing electric energy genera-
tion facilities or thermal energy production facilities using 
fossil or nuclear fuel, to encourage them to use innovative 
means of recovering any thermal energy that is a poten-
tially useful byproduct of electric power generation or 
other processes to— 
(1) generate additional electric energy; or 
(2) make sales of thermal energy not used for 
electric generation, in the form of steam, hot water, 
chilled water, or desiccant regeneration, or for other 
commercially valid purposes. 
(b) AMOUNT OF AWARDS.— 
(1) ELIGIBILITY.—Awards shall be made under 
subsection (a) only for the use of innovative means 
that achieve net energy efficiency at the facility con-
cerned significantly greater than the current stand-
ard technology in use at similar facilities. 
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(2) AMOUNT.—The amount of an award made 
under subsection (a) shall equal an amount up to 
the value of 25 percent of the energy projected to be 
recovered or generated during the first 5 years of 
operation of the facility using the innovative energy 
recovery method, or such lesser amount that the 
Secretary determines to be the minimum amount 
that can cost-effectively stimulate such innovation. 
(3) LIMITATION.—No person may receive an 
award under this section if a grant under the waste 
energy incentive grant program under section 373 of 
the Energy Policy and Conservation Act (42 U.S.C. 
6343) is made for the same energy savings resulting 
from the same innovative method. 
(c) REGULATORY STATUS.—The Secretary of Energy 
shall— 
(1) assist State regulatory commissions to iden-
tify and make changes in State regulatory programs 
for electric utilities to provide appropriate regulatory 
status for thermal energy byproduct businesses of 
regulated electric utilities to encourage those utilities 
to enter businesses making the sales referred to in 
subsection (a)(2); and 
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