I 
116TH CONGRESS 
2D SESSION 
H. R. 7516 
To advance innovation in and deployment of zero-emission electricity 
technology, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 9, 2020 
Ms. DEGETTE (for herself, Mr. HUFFMAN, and Mr. PETERS) introduced the 
following bill; which was referred to the Committee on Energy and Com-
merce, and in addition to the Committees on Science, Space, and Tech-
nology, Ways and Means, Transportation and Infrastructure, and Edu-
cation and Labor, for a period to be subsequently determined by the 
Speaker, in each case for consideration of such provisions as fall within 
the jurisdiction of the committee concerned 
A BILL 
To advance innovation in and deployment of zero-emission 
electricity technology, 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; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Clean Energy Innovation and Deployment Act of 2020’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
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TITLE I—INVESTMENT IN CLEAN ENERGY TECHNOLOGY 
INNOVATION 
Sec. 100. Purpose. 
Subtitle A—Clean Energy Deployment Administration 
Sec. 101. Definitions. 
Sec. 102. Energy technology deployment goals. 
Sec. 103. Clean Energy Deployment Administration. 
Sec. 104. Administration functions. 
Sec. 105. Improvements to existing clean energy investment programs. 
Sec. 106. Federal credit authority. 
Sec. 107. General provisions. 
Subtitle B—Beneficial Electrification 
Sec. 111. Innovation in electric vehicles through the advanced technology manu-
facturing incentive program. 
Sec. 112. Deployment of electric vehicles through tax credits. 
Sec. 113. Deployment of electric vehicle charging infrastructure through supply 
equipment programs. 
Sec. 114. Deployment of energy efficient buildings through tax credits. 
Sec. 115. Deployment of energy efficient buildings through grants. 
Subtitle C—Zero-Emission Electricity Generation Technology 
Sec. 121. Deployment of solar and wind technology through tax credits. 
Sec. 122. Energy tax credit monetization. 
Sec. 123. Innovation in energy storage through research, development, and 
demonstration. 
Sec. 124. Deployment of energy storage through tax credits. 
Sec. 125. Normalization opt-out for utilities. 
Sec. 126. Deployment of carbon capture utilization and storage through tax 
credits. 
Sec. 127. Innovation in advanced nuclear technology through demonstration. 
Sec. 128. Innovation in carbon removal, utilization, and storage through re-
search, development, and demonstration. 
Sec. 129. Deployment of electric grid modernization through grants. 
Sec. 130. Prize competition for electricity-related technologies for remote com-
munities. 
Sec. 131. Report to Congress. 
Subtitle D—Davis-Bacon Compliance 
Sec. 141. Davis-Bacon compliance. 
TITLE II—ZERO-EMISSION ELECTRICITY STANDARD 
Sec. 200. Purpose. 
Subtitle A—Zero-Emission Electricity Standard 
Sec. 201. Definitions. 
Sec. 202. Zero-emission electricity requirement. 
Sec. 203. Zero-emission electricity credit trading program. 
Sec. 204. Determination and issuance of quantity of zero-emission electricity 
credits. 
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Sec. 205. Carbon Mitigation Fund. 
Sec. 206. State programs. 
Sec. 207. Report to Congress. 
Sec. 208. Information collection. 
Sec. 209. Civil penalties. 
Sec. 210. Regulations. 
Subtitle B—Methane Regulation 
Sec. 211. Methane regulation. 
TITLE III—INCENTIVES FOR THE ACCELERATED DEPLOYMENT 
OF 100-PERCENT ZERO-EMISSION ELECTRICITY SYSTEM 
Sec. 300. Purpose. 
Sec. 301. Zero-emission electricity acceleration investment tax credit. 
Sec. 302. Zero-emission electricity acceleration grants. 
TITLE IV—LOW-INCOME RATE-PAYER PROTECTION 
Sec. 400. Purpose. 
Sec. 401. Weatherization assistance program. 
Sec. 402. LIHEAP authorization. 
TITLE V—ENERGY WORKFORCE TRANSITION AND TRAINING 
Sec. 500. Purposes. 
Subtitle A—State Energy Plans 
Sec. 501. State energy plans. 
Sec. 502. Authorization of appropriations. 
Subtitle B—Energy Workforce Transition 
Sec. 511. Definitions. 
Sec. 512. Energy Workforce Transition Office and Advisory Committee. 
Sec. 513. Energy workforce transition plans and reemployment of affected 
workers. 
Subtitle C—Modern Energy Workforce Development 
Sec. 521. Definitions. 
Sec. 522. Modern energy workforce development. 
Sec. 523. Zero-emission economy workforce pilot program. 
Sec. 524. University Zero-Emission Energy Leadership Program. 
Sec. 525. Climate Resiliency Corps. 
Sec. 526. Authorization of appropriations. 
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(A) presents a significant opportunity to 
advance the goals developed by the Secretary 
under section 102, as assessed under the meth-
odology established by the Advisory Council; 
and 
(B) has not been determined by the Sec-
retary to be commercially ready. 
(5) CLEAN ENERGY TECHNOLOGY.—The term 
‘‘clean energy technology’’ means a technology re-
lated to the production, use, transmission, storage, 
control, or conservation of energy that will con-
tribute to the stabilization of the climate by reducing 
greenhouse gas emissions or sequestering or utilizing 
carbon dioxide and— 
(A) reduce the need for additional energy 
supplies by using existing energy supplies with 
greater efficiency; 
(B) transmit, distribute, or transport en-
ergy with greater effectiveness through the in-
frastructure of the United States; or 
(C) increase and diversify the sources of 
energy in the United States in a way that will 
reduce risk to human health, safety, and wel-
fare and the environment and create energy se-
curity. 
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(6) COST.—The term ‘‘cost’’ has the meaning 
given the term in section 502 of the Federal Credit 
Reform Act of 1990 (2 U.S.C. 661a). 
(7) DIRECT LOAN.—The term ‘‘direct loan’’ has 
the meaning given the term in section 502 of the 
Federal Credit Reform Act of 1990 (2 U.S.C. 661a). 
(8) ENERGY
TRANSITION
COMMUNITY.—The 
term ‘‘energy transition community’’ has the mean-
ing given such term in section 511 of this Act. 
(9) FINANCIAL
INSTITUTION.—The term ‘‘fi-
nancial institution’’ means— 
(A) an insured bank (as defined in section 
3(h) of the Federal Deposit Insurance Act (12 
U.S.C. 1813(h))); 
(B) a commercial bank or trust company; 
(C) a private banker; 
(D) an agency or branch of a foreign bank 
in the United States; 
(E) any credit union; 
(F) a thrift institution; 
(G) a broker or dealer registered with the 
Securities and Exchange Commission under the 
Securities Exchange Act of 1934 (15 U.S.C. 
78a et seq.); 
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(H) a broker or dealer in securities or 
commodities; 
(I) an investment banker or investment 
company; 
(J) an insurance company; and 
(K) a loan or finance company. 
(10) FUND.—The term ‘‘Fund’’ means the 
Clean Energy Investment Fund established by sec-
tion 105(a). 
(11) LOAN GUARANTEE.—The term ‘‘loan guar-
antee’’ has the meaning given the term in section 
502 of the Federal Credit Reform Act of 1990 (2 
U.S.C. 661a). 
(12) NATIONAL LABORATORY.—The term ‘‘Na-
tional Laboratory’’ has the meaning given the term 
in section 2 of the Energy Policy Act of 2005 (42 
U.S.C. 15801). 
(13) 
SECRETARY.—The 
term 
‘‘Secretary’’ 
means the Secretary of Energy. 
(14) SECURITY.—The term ‘‘security’’ has the 
meaning given the term in section 2 of the Securities 
Act of 1933 (15 U.S.C. 77b). 
(15) SMALL BUSINESS.—The term ‘‘small busi-
ness’’ means a business which is independently 
owned and operated and which is not dominant in 
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its field of operation. The term ‘‘small business’’ 
may be further defined by the Administrator by the 
number of employees, dollar volume of business, net 
worth, net income, or other factors. 
(16) STATE.—The term ‘‘State’’ means— 
(A) a State; 
(B) the District of Columbia; 
(C) the Commonwealth of Puerto Rico; 
and 
(D) any other territory or possession of the 
United States. 
SEC. 102. ENERGY TECHNOLOGY DEPLOYMENT GOALS. 
(a) GOALS.—Not later than 1 year after the date of 
enactment of this Act, the Secretary, in consultation with 
the Advisory Council, shall develop and publish for review 
and comment in the Federal Register near-, medium-, and 
long-term goals (including numerical performance targets 
at appropriate intervals to measure progress toward those 
goals) for the deployment of clean energy technologies 
through the credit support programs established by this 
subtitle to promote— 
(1) the deployment, by not later than 2050, of 
electric generating capacity with net-zero greenhouse 
gas emissions, that is sufficient to reliably meet the 
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projected energy demand of the United States in 
2050; 
(2) clean energy technologies in vehicles and 
fuels that will substantially reduce the reliance of 
the United States on foreign sources of energy and 
insulate consumers from the volatility of global en-
ergy markets; 
(3) a domestic commercialization and manufac-
turing capacity that will establish the United States 
as a world leader in clean energy technologies across 
multiple sectors; 
(4) the installation of electricity transmission 
infrastructure with the capacity to provide the cost- 
effective deployment of zero-emission electricity tech-
nologies appropriate to each region of the United 
States; 
(5) the transformation of the building stock of 
the United States to net zero energy consumption; 
(6) the recovery, use, and prevention of waste 
energy; 
(7) domestic manufacturing of clean energy 
technologies on a scale that is sufficient to achieve 
price parity with conventional energy sources; 
(8) domestic production of commodities and 
materials, including steel, chemicals, polymers, and 
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cement, through the use of clean energy technologies 
that will establish the United States as a world lead-
er in the environmentally-sustainable production of 
such commodities and materials; 
(9) a robust, efficient, and interactive electricity 
transmission grid that will allow for the incorpora-
tion of clean energy technologies, distributed genera-
tion, smart grid functions, and demand-response in 
each regional electric grid; 
(10) a variety of financial products intended to 
allow owners and users of residential, retail, com-
mercial, and industrial buildings to make energy ef-
ficiency and distributed generation technology in-
vestments with reasonable payback periods; and 
(11) such other goals as the Secretary, in con-
sultation with the Advisory Council, determines to be 
consistent with this subtitle. 
(b) REVISIONS.—The Secretary shall revise the goals 
established under subsection (a), from time to time as ap-
propriate, to account for advances in technology and infra-
structure. 
SEC. 103. CLEAN ENERGY DEPLOYMENT ADMINISTRATION. 
(a) ESTABLISHMENT.— 
(1) IN GENERAL.—There is established in the 
Department of Energy an administration, to be 
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known as the Clean Energy Deployment Administra-
tion. There shall be at the head of the Administra-
tion an Administrator and a Board of Directors, 
who shall be appointed by the President with the ad-
vice and consent of the Senate. 
(2) STATUS.— 
(A) IN
GENERAL.—The Administration 
(including officers, employees, and agents of the 
Administration) shall not be responsible to, or 
subject to the authority, direction, or control of, 
any other officer, employee, or agent of the De-
partment of Energy other than the Secretary, 
acting through the Administrator. 
(B) 
EXEMPTION
FROM
REORGANIZA-
TION.—The Administration shall be exempt 
from the reorganization authority provided 
under section 643 of the Department of Energy 
Organization Act (42 U.S.C. 7253). 
(C) INSPECTOR GENERAL.—Section 12 of 
the Inspector General Act of 1978 (5 U.S.C. 
App.) is amended— 
(i) in paragraph (1), by inserting ‘‘the 
Administrator of the Clean Energy Deploy-
ment Administration;’’ after ‘‘Export-Im-
port Bank;’’; and 
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(ii) in paragraph (2), by inserting 
‘‘the Clean Energy Deployment Adminis-
tration,’’ after ‘‘Export-Import Bank,’’. 
(3) OFFICES.— 
(A) PRINCIPAL OFFICE.—The Administra-
tion shall— 
(i) maintain the principal office of the 
Administration in the District of Columbia; 
and 
(ii) for purposes of venue in civil ac-
tions, be considered to be a resident of the 
District of Columbia. 
(B) OTHER OFFICES.—The Administration 
may establish other offices in such other places 
as the Administration considers necessary or 
appropriate for the conduct of the business of 
the Administration. 
(b) ADMINISTRATOR.— 
(1) IN
GENERAL.—The Administrator shall 
be— 
(A) appointed by the President, with the 
advice and consent of the Senate, for a 5-year 
term; and 
(B) compensated at the annual rate of 
basic pay prescribed for level II of the Execu-
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tive Schedule under section 5313 of title 5, 
United States Code. 
(2) DUTIES.—The Administrator shall— 
(A) serve as— 
(i) the Chief Executive Officer of the 
Administration; and 
(ii) the Chairman of the Board of Di-
rectors; 
(B) consult with the Secretary of Agri-
culture, the Secretary of the Interior, the Ad-
ministrator of the Environmental Protection 
Agency, and the heads of other agencies as ap-
propriate, in carrying out the duties described 
in this paragraph; 
(C) ensure that— 
(i) the Administration operates in a 
safe and sound manner, including mainte-
nance of adequate capital and internal con-
trols (consistent with section 404 of the 
Sarbanes-Oxley Act of 2002 (15 U.S.C. 
7262)); 
(ii) the operations and activities of the 
Administration foster liquid, efficient, com-
petitive, and resilient energy and energy ef-
ficiency finance markets; 
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(iii) the Administration carries out 
this subtitle only through activities that 
are authorized under and consistent with 
this subtitle; and 
(iv) the activities of the Administra-
tion and the manner in which the Adminis-
tration is operated are consistent with the 
public interest; 
(D) develop policies and procedures for the 
Administration that will— 
(i) promote a self-sustaining portfolio 
of investments that will maximize the value 
of investments to effectively promote clean 
energy technologies; 
(ii) promote transparency and open-
ness in Administration operations; 
(iii) afford the Administration with 
sufficient flexibility to carry out this sub-
title; 
(iv) provide for the efficient proc-
essing of applications; 
(v) promote the participation of pri-
vate 
financial 
institutions 
and 
other 
sources of private capital in investments, 
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on commercially reasonable terms, if and 
to the extent the capital is available; and 
(vi) promote the availability of finan-
cial products to small business by working 
with entities that have appropriate exper-
tise in extending credit or other relevant fi-
nancial services to small businesses that 
are developing clean energy technologies; 
(E) ensure, to the maximum extent prac-
ticable and to the extent of available resources, 
that on the request of any energy transition 
community or Indian Tribe, such energy transi-
tion community or Indian Tribe shall have 
available scientific and technical information 
and expertise for use in the regulation, develop-
ment, and management of clean energy tech-
nologies, either— 
(i) directly, acting through Federal of-
ficials within the Administration; or 
(ii) indirectly, by providing financial 
assistance to an energy transition commu-
nity or an Indian Tribe to secure inde-
pendent assistance in the regulation, devel-
opment, and management of clean energy 
technologies; and 
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(F) with the concurrence of the Board of 
Directors, establish expected loss reserves for 
the support provided by the Administration con-
sistent with section 104(a). 
(c) BOARD OF DIRECTORS.— 
(1) IN GENERAL.—The Board of Directors of 
the Administration shall consist of— 
(A) the Secretary or the designee of the 
Secretary, who shall serve as an ex-officio vot-
ing member of the Board of Directors; 
(B) the Administrator, who shall serve as 
the Chairman of the Board of Directors; and 
(C) 7 additional members who shall— 
(i) be appointed by the President, 
with the advice and consent of the Senate, 
for staggered 5-year terms; and 
(ii) have experience in banking or fi-
nancial services relevant to the operations 
of the Administration, including individuals 
with substantial experience in the develop-
ment of energy projects, the electricity 
generation sector, the transportation sec-
tor, the manufacturing sector, and the en-
ergy efficiency sector. 
(2) DUTIES.—The Board of Directors shall— 
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(A) oversee the operations of the Adminis-
tration and ensure industry best practices are 
followed in all financial transactions involving 
the Administration; 
(B) consult with the Administrator on the 
general policies and procedures of the Adminis-
tration to ensure that the interests of the tax-
payers are protected; 
(C) ensure that the portfolio of invest-
ments of the Administration are consistent with 
this subtitle and with the long-term financial 
stability of the Administration; 
(D) ensure that the operations and activi-
ties of the Administration are consistent with 
the development of a robust private sector that 
can provide commercial loans or financing prod-
ucts for clean energy technologies; and 
(E) not serve on a full-time basis, except 
that the Board of Directors shall meet at least 
quarterly to review, as appropriate, applications 
for credit support and set policies and proce-
dures as necessary. 
(3) REMOVAL.—An appointed member of the 
Board of Directors may be removed from office by 
the President for good cause. 
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(4) VACANCIES.—An appointed seat on the 
Board of Directors that becomes vacant shall be 
filled by appointment by the President, but only for 
the unexpired portion of the term of the vacating 
member. 
(5) COMPENSATION
OF
MEMBERS.—An ap-
pointed member of the Board of Directors shall be 
compensated at a rate equal to the daily equivalent 
of the annual rate of basic pay prescribed for level 
III of the Executive Schedule under section 5314 of 
title 5, United States Code, for each day (including 
travel time) during which the member is engaged in 
the performance of the duties of the Board of Direc-
tors. 
(d) ENERGY TECHNOLOGY ADVISORY COUNCIL.— 
(1) IN
GENERAL.—The Administration shall 
have an Energy Technology Advisory Council con-
sisting of— 
(A) 6 members selected by the Secretary; 
and 
(B) 3 members selected by the Board of 
Directors of the Administration. 
(2) QUALIFICATIONS.—The members of the Ad-
visory Council shall— 
(A) have relevant scientific expertise; and 
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(B) in the case of the members selected by 
the Secretary under paragraph (1)(A), include 
representatives of— 
(i) the academic community; 
(ii) the private research community; 
(iii) National Laboratories; 
(iv) the technology or project develop-
ment community; 
(v) the commercial energy financing 
and operations sector; and 
(vi) the electric generation sector, in-
cluding at least one person who is knowl-
edgeable of the electric cooperative sector. 
(3) DUTIES.— 
(A) ADVICE.—The Advisory Council shall 
provide advice to the Administration regarding 
the technological approaches that should be 
supported by the Administration to meet the 
goals developed by the Secretary under section 
102. 
(B) METHODOLOGY
FOR
ASSESSMENT.— 
The Advisory Council shall develop and publish 
for comment in the Federal Register a method-
ology for the assessment of clean energy tech-
nologies. Such methodology shall— 
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(i) allow the Administration to evalu-
ate projects based on the progress likely to 
be achieved per-dollar invested in clean en-
ergy technology; and 
(ii) take into account the extent to 
which support for a clean energy tech-
nology is likely to accrue benefits that are 
attributable to commercial-scale deploy-
ment taking place earlier than that which 
otherwise would have occurred without the 
support. 
(4) TERM.— 
(A) IN GENERAL.—Members of the Advi-
sory Council shall have 5-year staggered terms, 
as determined by the Secretary and the Admin-
istrator. 
(B) REAPPOINTMENT.—A member of the 
Advisory Council may be reappointed. 
(5) COMPENSATION.—A member of the Advi-
sory Council, who is not otherwise compensated as 
a Federal employee, shall be compensated at a rate 
equal to the daily equivalent of the annual rate of 
basic pay prescribed for level IV of the Executive 
Schedule under section 5315 of title 5, United 
States Code, for each day (including travel time) 
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during which the member is engaged in the perform-
ance of the duties of the Advisory Council. 
(e) STAFF.— 
(1) IN GENERAL.—The Administrator, in con-
sultation with the Board of Directors, may— 
(A) appoint and terminate such officers, 
attorneys, employees, and agents as are nec-
essary to carry out this subtitle; and 
(B) vest those personnel with such powers 
and duties as the Administrator determines to 
be necessary. 
(2) DIRECT HIRE AUTHORITY.— 
(A) IN
GENERAL.—Notwithstanding sec-
tion 3304 and sections 3309 through 3318 of 
title 5, United States Code, the Administrator 
may, on a determination that there is a severe 
shortage of candidates or a critical hiring need 
for particular positions, recruit and directly ap-
point highly qualified critical personnel with 
specialized knowledge important to the function 
of the Administration into the competitive serv-
ice. 
(B) EXCEPTION.—The authority granted 
under subparagraph (A) shall not apply to posi-
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tions in the excepted service or the Senior Exec-
utive Service. 
(C) REQUIREMENTS.—In exercising the 
authority granted under subparagraph (A), the 
Administrator shall ensure that any action 
taken by the Administrator— 
(i) is consistent with the merit prin-
ciples of section 2301 of title 5, United 
States Code; and 
(ii) complies with the public notice re-
quirements of section 3327 of title 5, 
United States Code. 
(D) TERMINATION OF EFFECTIVENESS.— 
The authority provided by this paragraph ter-
minates effective on the date that is 3 years 
after the date of enactment of this Act. 
(3) CRITICAL PAY AUTHORITY.— 
(A) IN
GENERAL.—Notwithstanding sec-
tion 5377 of title 5, United States Code, and 
without regard to the provisions of that title 
governing appointments in the competitive serv-
ice or the Senior Executive Service and chap-
ters 51 and 53 of that title (relating to classi-
fication and pay rates), the Administrator may 
establish, fix the compensation of, and appoint 
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individuals to critical positions needed to carry 
out the functions of the Administration, if the 
Administrator certifies that— 
(i) the positions require expertise of 
an extremely high level in a financial, tech-
nical, or scientific field; 
(ii) the Administration would not suc-
cessfully accomplish an important mission 
without such an individual; and 
(iii) exercise of the authority is nec-
essary to recruit an individual who is ex-
ceptionally well qualified for the position. 
(B) LIMITATIONS.—The authority granted 
under subparagraph (A) shall be subject to the 
following conditions: 
(i) The number of critical positions 
authorized by subparagraph (A) may not 
exceed 20 at any given time in the Admin-
istration. 
(ii) The term of an appointment 
under subparagraph (A) may not exceed 4 
years. 
(iii) An individual appointed under 
subparagraph (A) may not have been an 
Administration employee at any time dur-
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ing the 2-year period preceding the date of 
appointment. 
(iv) Total annual compensation for 
any individual appointed under subpara-
graph (A) may not exceed the highest total 
annual compensation payable at the rate 
determined under section 104 of title 3, 
United States Code. 
(v) An individual appointed under 
subparagraph (A) may not be considered 
to be an employee for purposes of sub-
chapter II of chapter 75 of title 5, United 
States Code. 
(C) NOTIFICATION.—Each year, the Ad-
ministrator shall submit to Congress a notifica-
tion that lists each individual appointed under 
this paragraph. 
SEC. 104. ADMINISTRATION FUNCTIONS. 
(a) DIRECT SUPPORT.— 
(1) IN
GENERAL.—The Administration may 
issue direct loans, letters of credit, loan guarantees, 
insurance products, or such other credit support (in-
cluding through participation as a co-lender or a 
lending member of a syndication) as the Adminis-
trator considers appropriate to deploy clean energy 
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technologies if the Administrator has determined 
that deployment of the technologies would benefit or 
be accelerated by the support. 
(2) ELIGIBILITY
CRITERIA.—In carrying out 
this subsection and awarding credit support to 
projects, the Administrator shall account for— 
(A) how the technology rates based on an 
evaluation methodology established by the Advi-
sory Council; 
(B) how the project fits with the goals de-
veloped by the Secretary under section 102; and 
(C) the potential for the applicant to suc-
cessfully complete the project. 
(3) RISK.— 
(A) TECHNOLOGY
RISK.—In this para-
graph, the term ‘‘technology risk’’— 
(i) means risk during construction or 
operation associated with the design, devel-
opment, or deployment of a clean energy 
technology from the perspective of com-
mercial lenders, that may be increased as 
a result of the absence of adequate histor-
ical construction, operating, or perform-
ance data from commercial applications of 
the technology; and 
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(ii) includes risk associated with the 
cost, schedule, performance, reliability, 
maintenance, and the perception of risk. 
(B) EXPECTED
LOAN
LOSS
RESERVE.— 
The Administrator shall establish an expected 
loan loss reserve to account for estimated losses 
attributable to activities under this section that 
is consistent with the purposes of— 
(i) 
developing 
breakthrough 
tech-
nologies to the point at which the associ-
ated technology risk is largely mitigated; 
(ii) achieving widespread deployment 
and advancing the commercial viability of 
clean energy technologies; and 
(iii) advancing the goals developed by 
the Secretary under section 102. 
(C) INITIAL
EXPECTED
LOAN
LOSS
RE-
SERVE.—Until such time as the Administrator 
determines sufficient data exist to establish an 
expected loan loss reserve that is appropriate, 
the Administrator shall consider establishing an 
initial rate of 10 percent for the portfolio of in-
vestments under this subtitle. 
(D) 
PORTFOLIO
INVESTMENT
AP-
PROACH.—The Administration shall— 
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(i) use a portfolio investment ap-
proach to mitigate risk and diversify in-
vestments across technologies; 
(ii) to the maximum extent practicable 
and consistent with long-term self-suffi-
ciency, weigh the portfolio of investments 
in projects to advance goals developed by 
the Secretary under section 102; and 
(iii) consistent with the expected loan 
loss reserve established under this para-
graph, provide the maximum practicable 
percentage of support to promote break-
through technologies. 
(E) LOSS RATE REVIEW.— 
(i) IN GENERAL.—The Board of Di-
rectors shall review on an annual basis the 
loss rates of the portfolio to determine the 
adequacy of the reserves. 
(ii) REPORT.—Not later than 90 days 
after the date of the initiation of each re-
view under clause (i), the Administrator 
shall submit to the Committee on Energy 
and Commerce of the House of Represent-
atives and the Committee on Energy and 
Natural Resources of the Senate a report 
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describing the results of the review and 
any recommended policy changes. 
(4) APPLICATION REVIEW.— 
(A) IN GENERAL.—To the maximum ex-
tent practicable and consistent with sound busi-
ness practices, the Administration shall seek to 
consolidate reviews of applications for credit 
support under this subtitle such that final deci-
sions on applications can be issued not later 
than 180 days after the date of submission of 
a completed application. 
(B) ENVIRONMENTAL
REVIEW.—In car-
rying out this subtitle, the Administration shall, 
to the maximum extent practicable— 
(i) avoid duplicating efforts that have 
already been undertaken by other agencies, 
including State agencies acting under Fed-
eral programs; and 
(ii) with the advice of the Council on 
Environmental Quality and any other ap-
plicable agencies, use the administrative 
records 
of 
similar 
reviews 
conducted 
throughout the executive branch to develop 
the most expeditious review process prac-
ticable. 
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(5) WAGE RATE REQUIREMENTS.—With respect 
to the labor standards specified in this section, the 
Secretary of Labor shall have the authority and 
functions set forth in Reorganization Plan Num-
bered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) 
and section 3145 of title 40, United States Code. 
(b) INDIRECT SUPPORT.— 
(1) IN
GENERAL.—The Administration shall 
work to develop financial products and arrangements 
to promote widespread deployment of, and private 
sector support of, clean energy technologies by facili-
tating aggregation of small projects and by pro-
viding indirect credit support, including credit en-
hancement. 
(2) FINANCIAL
PRODUCTS.—The Administra-
tion— 
(A) in cooperation with Federal, State, 
local, and private sector entities, shall develop 
debt instruments that directly aggregate, or 
provide for the aggregation of, projects for the 
deployment of clean energy technology on a 
scale appropriate for residential or commercial 
applications; and 
(B) may insure, purchase, and make com-
mitments to purchase, any debt instrument as-
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sociated with the deployment of a clean energy 
technology (including instruments secured by 
liens or other collateral related to the funding 
of clean energy technology) for the purposes of 
enhancing the availability of private financing 
for deployment of clean energy technology. 
(3) DISPOSITION OF DEBT OR INTEREST.—The 
Administration may acquire, hold, and sell or other-
wise dispose of, pursuant to commitments or other-
wise, any debt associated with the deployment of 
clean energy technologies or interest in the debt. 
(4) PRICING.— 
(A) IN GENERAL.—The Administrator may 
establish requirements, and impose charges or 
fees, which may be regarded as elements of 
pricing, for different classes of sellers, servicers, 
or services. 
(B) CLASSIFICATION
OF
SELLERS
AND 
SERVICERS.—For the purpose of subparagraph 
(A), the Administrator may classify sellers and 
servicers as necessary to promote transparency 
and liquidity and to properly characterize the 
risk of default. 
(5) ELIGIBILITY.—The Administrator shall es-
tablish— 
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(A) eligibility criteria for loan originators, 
sellers, and servicers seeking support for port-
folios of financial obligations relating to clean 
energy technologies to ensure the capability of 
the loan originators, sellers, and servicers to 
perform the functions required to maintain the 
expected performance of the portfolios; and 
(B) such criteria, standards, guidelines, 
and mechanisms such that, to the maximum ex-
tent practicable, loan originators and sellers will 
be able to determine the eligibility of loans for 
resale at the time of initial lending. 
(6) SECONDARY MARKET SUPPORT.— 
(A) IN
GENERAL.—The Administration 
may lend on the security of, and make commit-
ments to lend on the security of, any debt that 
the Administration has issued or is authorized 
to purchase under this section. 
(B) 
AUTHORIZED
ACTIONS.—On 
such 
terms and conditions as the Administrator may 
prescribe, the Administration may, based on the 
debt and with the concurrence of the Board of 
Directors— 
(i) give security or guarantee; 
(ii) pay interest or other return; and 
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(iii) issue notes, debentures, bonds, or 
other obligations or securities. 
(7) LENDING ACTIVITIES.— 
(A) IN
GENERAL.—The Administrator 
shall determine— 
(i) the volume of the lending activities 
of the Administration; and 
(ii) the types of loan ratios, risk pro-
files, 
interest 
rates, 
maturities, 
and 
charges or fees in the secondary market 
operations of the Administration. 
(B) OBJECTIVES.—Determinations under 
subparagraph (A) shall be consistent with the 
objectives of— 
(i) providing an attractive investment 
environment for clean energy technologies; 
(ii) making the operations of the Ad-
ministration self-supporting over the long 
term; and 
(iii) advancing the goals developed by 
the Secretary under section 102. 
SEC. 105. IMPROVEMENTS TO EXISTING CLEAN ENERGY IN-
VESTMENT PROGRAMS. 
(a) CLEAN ENERGY INVESTMENT FUND.— 
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(1) ESTABLISHMENT.—There is established in 
the Treasury of the United States a revolving fund, 
to be known as the Clean Energy Investment Fund, 
consisting of— 
(A) such amounts as are deposited in the 
Fund under this subtitle and amendments made 
by this subtitle; and 
(B) such sums as may be appropriated to 
the Fund. 
(2) EXPENDITURES FROM FUND.— 
(A) IN GENERAL.—Amounts in the Fund 
shall be available to the Secretary for obligation 
without fiscal year limitation, to remain avail-
able until expended. 
(B) ADMINISTRATIVE EXPENSES.— 
(i) FEES.—Fees collected by the Sec-
retary of the Treasury for expenses related 
to the administrative needs of the Fund 
shall be available without limitation to 
cover applicable expenses. 
(ii) FUND.—To the extent that ad-
ministrative expenses are not reimbursed 
through fees, an amount not to exceed 1.5 
percent of the amounts in the Fund as of 
the beginning of each fiscal year shall be 
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available to pay the administrative ex-
penses for the fiscal year necessary to 
carry out title XVII of the Energy Policy 
Act of 2005 (42 U.S.C. 16511 et seq.). 
(3) TRANSFERS OF AMOUNTS.— 
(A) IN GENERAL.—The amounts required 
to be transferred to the Fund under this sub-
section shall be transferred at least monthly 
from the general fund of the Treasury to the 
Fund on the basis of estimates made by the 
Secretary of the Treasury. 
(B) CASH FLOWS.—Cash flows associated 
with costs of the Fund described in section 
502(5)(B) of the Federal Credit Reform Act of 
1990 (2 U.S.C. 661a(5)(B)) shall be trans-
ferred to appropriate credit accounts. 
(C) ADJUSTMENTS.—Proper adjustment 
shall be made in amounts subsequently trans-
ferred to the extent prior estimates were in ex-
cess of or less than the amounts required to be 
transferred. 
(b) REVISIONS TO LOAN GUARANTEE PROGRAM AU-
THORITY.— 
(1) 
DEFINITION
OF
COMMERCIAL
TECH-
NOLOGY.—Section 1701(1) of the Energy Policy Act 
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of 2005 (42 U.S.C. 16511(1)) is amended by strik-
ing subparagraph (B) and inserting the following: 
‘‘(B) EXCLUSION.—The term ‘commercial 
technology’ does not include a technology if the 
sole use of the technology is in connection 
with— 
‘‘(i) any demonstration project; or 
‘‘(ii) a project for which the Secretary 
approved a guarantee.’’. 
(2) SPECIFIC
APPROPRIATION
OR
CONTRIBU-
TION.—Section 1702 of the Energy Policy Act of 
2005 (42 U.S.C. 16512) is amended by striking sub-
section (b) and inserting the following: 
‘‘(b) SPECIFIC
APPROPRIATION
OR
CONTRIBU-
TION.— 
‘‘(1) IN
GENERAL.—No guarantee shall be 
made unless sufficient amounts to account for the 
cost are available— 
‘‘(A) in unobligated balances within the 
Clean Energy Investment Fund established 
under section 105(a) of the Clean Energy Inno-
vation and Deployment Act of 2020; 
‘‘(B) as a payment from the borrower and 
the payment is deposited in the Clean Energy 
Investment Fund; or 
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‘‘(C) in any combination of balances and 
payments described in subparagraphs (A) and 
(B), respectively. 
‘‘(2) LIMITATION.—The source of payments re-
ceived from a borrower under paragraph (1)(B) shall 
not be a loan or other debt obligation that is made 
or guaranteed by the Federal Government. 
‘‘(3) RELATION
TO
OTHER
LAWS.—Section 
504(b) of the Federal Credit Reform Act of 1990 (2 
U.S.C. 661c(b)) shall not apply to a guarantee 
under this section.’’. 
(3) SUBROGATION.—Section 1702(g)(2) of the 
Energy Policy Act of 2005 (42 U.S.C. 16512(g)(2)) 
is amended by striking subparagraphs (B) and (C) 
and inserting the following: 
‘‘(B) SUPERIORITY OF RIGHTS.—Except as 
provided in subparagraph (C), the rights of the 
Secretary, with respect to any property ac-
quired pursuant to a guarantee or related 
agreements, shall be superior to the rights of 
any other person with respect to the property. 
‘‘(C) TERMS AND CONDITIONS.—A guar-
antee agreement shall include such detailed 
terms and conditions as the Secretary deter-
mines appropriate to— 
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‘‘(i) protect the interests of the United 
States in the case of default; 
‘‘(ii) have available all the patents and 
technology necessary for any person se-
lected, including the Secretary, to complete 
and operate the project; 
‘‘(iii) provide for sharing the proceeds 
received from the sale of project assets 
with other creditors or control the disposi-
tion of project assets if necessary to pro-
tect the interests of the United States in 
the case of default; and 
‘‘(iv) provide such lien priority in 
project assets as necessary to protect the 
interests of the United States in the case 
of a default.’’. 
(4) FEES.—Section 1702(h) of the Energy Pol-
icy Act of 2005 (42 U.S.C. 16512(h)) is amended by 
striking paragraph (2) and inserting the following: 
‘‘(2) AVAILABILITY.—Fees collected under this 
subsection shall— 
‘‘(A) be deposited by the Secretary in the 
Clean Energy Investment Fund established 
under section 105(a) of Clean Energy Innova-
tion and Deployment Act of 2020; and 
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‘‘(B) remain available to the Secretary for 
expenditure, without further appropriation or 
fiscal year limitation, for administrative ex-
penses incurred in carrying out this title. 
‘‘(3) ADJUSTMENT.—The Secretary may adjust 
the amount or manner of collection of fees under 
this subsection as the Secretary determines is nec-
essary to deploy, to the maximum extent practicable, 
eligible projects under this title. 
‘‘(4) EXCESS FEES.—Of the amount of a fee 
imposed on an applicant at the conditional commit-
ment stage, 75 percent of the amount shall be re-
fundable to the applicant if there is no financial 
close on the application, unless the Secretary deter-
mines that the administrative costs of the Depart-
ment have exceeded the amount retained. 
‘‘(5) CREDIT REPORT.—If, in the opinion of the 
Secretary, the credit rating of an applicant is not 
relevant to the determination of whether or not sup-
port will be provided and the applicant agrees to ac-
cept the credit rating assigned to the applicant by 
the Secretary, the Secretary may waive any require-
ment to provide a third-party credit report.’’. 
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(5) PROCESSING.—Section 1702 of the Energy 
Policy Act of 2005 (42 U.S.C. 16512) is amended 
by adding at the end the following: 
‘‘(l) ACCELERATED REVIEWS.—To the maximum ex-
tent practicable and consistent with sound business prac-
tices, the Secretary shall seek to conduct necessary reviews 
concurrently of an application for a guarantee under this 
title such that decisions as to whether to enter into a com-
mitment on the application can be issued not later than 
180 days after the date of submission of a completed ap-
plication.’’. 
SEC. 106. FEDERAL CREDIT AUTHORITY. 
(a) TRANSFER OF FUNCTIONS AND AUTHORITY.— 
(1) IN GENERAL.— 
(A) DEADLINE.—Subject to paragraph (2), 
on a finding by the Secretary and the Adminis-
trator that the Administration is sufficiently 
ready to assume the functions, and that appli-
cants to those programs will not be unduly ad-
versely affected, but in no case later than 18 
months after the date of enactment of this Act, 
the functions and authority of the Secretary de-
scribed in subparagraph (B) shall be trans-
ferred to the Administration. 
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(B) FUNCTIONS
AND
AUTHORITY.—The 
functions and authority of the Secretary de-
scribed in this subparagraph are functions and 
authority under— 
(i) subsection title XVII of the Energy 
Policy Act of 2005 (42 U.S.C. 16511 et 
seq.); 
(ii) section 2602(c) of the Energy Pol-
icy Act of 1992 (25 U.S.C. 3502(c)); and 
(iii) financial services and program 
management for grant, loan, and other 
credit enhancement programs authorized 
to be administered by the Secretary under 
any other provision of law, as the Sec-
retary determines appropriate. 
(2) FAILURE TO TRANSFER FUNCTIONS.—If the 
functions and authorities are not transferred to the 
Administration in accordance with paragraph (1), 
the Secretary and the Administrator shall submit to 
Congress a report on the reasons for delay and an 
expected timetable for transfer of the functions and 
authorities to the Administration not later than 2 
years after the enactment of this title and every year 
thereafter until the functions and authorities are 
transferred to the Administration. 
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(3) EFFECT ON EXISTING RIGHTS AND OBLIGA-
TIONS.—The transfer of functions and authority 
under this subsection shall not affect the rights and 
obligations of any party that arise under a prede-
cessor program or authority prior to the transfer 
under this subsection. 
(4) TRANSFER OF FUND AUTHORITY.— 
(A) IN
GENERAL.—On transfer of func-
tions pursuant to paragraph (1), the Adminis-
tration shall have all authorities to make use of 
the Fund reserved for the Secretary before the 
transfer. 
(B) ADMINISTRATIVE
EXPENSES.—Effec-
tive beginning on the date of enactment of this 
Act, the Administrator may make use of up to 
1.5 percent of the amounts in the Fund as of 
the beginning of each fiscal year to pay admin-
istrative expenses for that fiscal year to carry 
out this subtitle. 
(5) USE.— 
(A) IN GENERAL.—Amounts in the Fund 
shall be available for discharge of liabilities and 
all other expenses of the Administration, includ-
ing subsequent transfer to the respective credit 
accounts. 
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(B) LIABILITY.—All activities of the Ad-
ministration that could result in a liability for 
the United States shall be transparently ac-
counted for and no obligation or liability may 
be incurred unless— 
(i) the appropriate amounts are trans-
ferred to credit accounts for activities pur-
suant to the Federal Credit Reform Act of 
1990 (2 U.S.C. 661a); or 
(ii) sufficient amounts are reserved 
within the Fund to account for such liabil-
ities. 
(6) INITIAL INVESTMENT.— 
(A) IN
GENERAL.—On transfer of func-
tions pursuant to paragraph (1), out of any 
funds in the Treasury not otherwise appro-
priated, the Secretary of the Treasury shall 
transfer to the Fund to carry out this subtitle 
$10,000,000,000, to remain available until ex-
pended. 
(B) RECEIPT
AND
ACCEPTANCE.—The 
Fund shall be entitled to receive and shall ac-
cept, and shall be used to carry out this sub-
title, the funds transferred to the Fund under 
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subparagraph (A), without further appropria-
tion. 
(7) AUTHORIZATION OF APPROPRIATIONS.—In 
addition to funds made available by paragraphs (1) 
through (6), there are authorized to be appropriated 
to the Fund such sums as are necessary to carry out 
this subtitle. 
(b) PAYMENTS OF LIABILITIES.—Any payment to 
discharge liabilities arising from agreements under this 
subtitle shall be made exclusively out of the Fund or the 
associated credit account, as appropriate. 
(c) FEES.— 
(1) IN GENERAL.—Consistent with carrying out 
this subtitle, the Administrator shall charge fees or 
collect compensation generally in accordance with 
commercial rates. 
(2) AVAILABILITY OF FEES.—All fees collected 
by the Administration may be retained by the Ad-
ministration and placed in the Fund and may re-
main available to the Administration, without fur-
ther appropriation or fiscal year limitation, for use 
in carrying out this subtitle. 
(3) BREAKTHROUGH TECHNOLOGIES.—The Ad-
ministration shall charge the minimum amount in 
fees or compensation practicable for breakthrough 
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technologies, consistent with the long-term viability 
of the Administration, unless the Administration 
first determines that a higher charge will not impede 
the development of the technology. 
(4) ALTERNATIVE FEE ARRANGEMENTS.—The 
Administration may use such alternative arrange-
ments (such as profit participation, contingent fees, 
and other valuable contingent interests) as the Ad-
ministration considers appropriate to compensate the 
Administration for the expenses of the Administra-
tion and the risk inherent in the support of the Ad-
ministration. 
(d) COST TRANSFER AUTHORITY.—Amounts col-
lected by the Administration for the cost of a loan or loan 
guarantee shall be transferred by the Administration to 
the respective credit program accounts. 
(e) SUPPLEMENTAL BORROWING AUTHORITY.—In 
order to maintain sufficient liquidity for activities author-
ized under section 104(b), the Administration may issue 
notes, debentures, bonds, or other obligations for purchase 
by the Secretary of the Treasury. 
(f) PUBLIC DEBT TRANSACTIONS.—For the purpose 
of subsection (e)— 
(1) the Secretary of the Treasury may use as 
a public debt transaction the proceeds of the sale of 
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any securities issued under chapter 31 of title 31, 
United States Code; and 
(2) the purposes for which securities may be 
issued under that chapter are extended to include 
any purchase under this subsection. 
(g) MAXIMUM OUTSTANDING HOLDING.—The Sec-
retary of the Treasury shall purchase instruments issued 
under subsection (e) to the extent that the purchase would 
not increase the aggregate principal amount of the out-
standing holdings of obligations under subsection (e) by 
the Secretary of the Treasury to an amount that is greater 
than $2,000,000,000. 
(h) RATE OF RETURN.—Each purchase of obligations 
by the Secretary of the Treasury under this section shall 
be on terms and conditions established to yield a rate of 
return determined by the Secretary of the Treasury to be 
appropriate, taking into account the current average rate 
on outstanding marketable obligations of the United 
States as of the last day of the month preceding the pur-
chase. 
(i) SALE OF OBLIGATIONS.—The Secretary of the 
Treasury may at any time sell, on terms and conditions 
and at prices determined by the Secretary of the Treasury, 
any of the obligations acquired by the Secretary of the 
Treasury under this section. 
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(j) PUBLIC DEBT TRANSACTIONS.—All redemptions, 
purchases, and sales by the Secretary of the Treasury of 
obligations under this section shall be treated as public 
debt transactions of the United States. 
SEC. 107. GENERAL PROVISIONS. 
(a) IMMUNITY FROM IMPAIRMENT, LIMITATION, OR 
RESTRICTION.— 
(1) IN GENERAL.—All rights and remedies of 
the Administration (including any rights and rem-
edies of the Administration on, under, or with re-
spect to any mortgage or any obligation secured by 
a mortgage) shall be immune from impairment, limi-
tation, or restriction by or under— 
(A) any law (other than a law enacted by 
Congress expressly in limitation of this para-
graph) that becomes effective after the acquisi-
tion by the Administration of the subject or 
property on, under, or with respect to which the 
right or remedy arises or exists or would so 
arise or exist in the absence of the law; or 
(B) any administrative or other action that 
becomes effective after the acquisition. 
(2) STATE LAW.—The Administrator may con-
duct the business of the Administration without re-
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gard to any qualification or law of any State relating 
to incorporation. 
(b) USE OF OTHER AGENCIES.—With the consent of 
a department, establishment, or instrumentality (including 
any field office), the Administration may— 
(1) use and act through any department, estab-
lishment, or instrumentality; or 
(2) use, and pay compensation for, information, 
services, facilities, and personnel of the department, 
establishment, or instrumentality. 
(c) PROCUREMENT.—The Administrator shall be the 
senior procurement officer for the Administration for pur-
poses of section 1702 of title 41, United States Code. 
(d) FINANCIAL MATTERS.— 
(1) INVESTMENTS.—Funds of the Administra-
tion may be invested in such investments as the 
Board of Directors may prescribe. 
(2) FISCAL
AGENTS.—Any Federal reserve 
bank or any bank for which, at the time of designa-
tion by the Administrator there is outstanding a des-
ignation by the Secretary of the Treasury as a gen-
eral or other depository of public money, may be 
designated by the Administrator as a depositary or 
custodian or as a fiscal or other agent of the Admin-
istration. 
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(e) JURISDICTION.—Notwithstanding section 1349 of 
title 28, United States Code, or any other provision of 
law— 
(1) the Administration shall be considered a 
corporation covered by sections 1345 and 1442 of 
title 28, United States Code; 
(2) all civil actions to which the Administration 
is a party shall be considered to arise under the laws 
of the United States, and the district courts of the 
United States shall have original jurisdiction of all 
such actions, without regard to amount or value, ex-
cept that the courts of appeals shall have jurisdic-
tion 
over 
civil 
actions 
pertaining 
to 
section 
103(a)(3); and 
(3) any civil or other action, case or controversy 
in a court of a State, or in any court other than a 
district court of the United States, to which the Ad-
ministration is a party may at any time before trial 
be removed by the Administration, without the giv-
ing of any bond or security and by following any 
procedure for removal of causes in effect at the time 
of the removal— 
(A) to the district court of the United 
States for the district and division embracing 
the place in which the same is pending; or 
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(B) if there is no such district court, to the 
district court of the United States for the dis-
trict in which the principal office of the Admin-
istration is located. 
(f) PERIODIC REPORTS.—Not later than 1 year after 
commencement of operation of the Administration and at 
least biannually thereafter, the Administrator shall submit 
to the Committee on Energy and Commerce of the House 
of Representatives and the Committee on Energy and 
Natural Resources of the Senate a report that includes 
a description of— 
(1) the technologies supported by activities of 
the Administration; and 
(2) the performance of the Administration on 
meeting the goals developed by the Secretary under 
section 102. 
(g) AUDITS BY THE COMPTROLLER GENERAL.— 
(1) IN GENERAL.—The programs, activities, re-
ceipts, expenditures, and financial transactions of 
the Administration shall be subject to audit by the 
Comptroller General of the United States under 
such rules and regulations as may be prescribed by 
the Comptroller General. 
(2) ACCESS.—The representatives of the Gov-
ernment Accountability Office shall— 
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(A) have access to the personnel and to all 
books, accounts, documents, records (including 
electronic records), reports, files, and all other 
papers, automated data, things, or property be-
longing to, under the control of, or in use by 
the Administration, or any agent, representa-
tive, attorney, advisor, or consultant retained by 
the Administration, and necessary to facilitate 
the audit; 
(B) be afforded full facilities for verifying 
transactions with the balances or securities held 
by depositories, fiscal agents, and custodians; 
(C) be authorized to obtain and duplicate 
any such books, accounts, documents, records, 
working papers, automated data and files, or 
other information relevant to the audit without 
cost to the Comptroller General; and 
(D) have the right of access of the Comp-
troller General to such information under sec-
tion 716(c) of title 31, United States Code. 
(3) ASSISTANCE AND COST.— 
(A) IN GENERAL.—For the purpose of con-
ducting an audit under this subsection, the 
Comptroller General may, in the discretion of 
the Comptroller General, employ by contract, 
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without regard to section 6101 of title 41, 
United States Code, professional services of 
firms and organizations of certified public ac-
countants for temporary periods or for special 
purposes. 
(B) REIMBURSEMENT.— 
(i) IN GENERAL.—On the request of 
the Comptroller General, the Administra-
tion shall reimburse the General Account-
ability Office for the full cost of any audit 
conducted by the Comptroller General 
under this subsection. 
(ii) 
CREDITING.—Such 
reimburse-
ments shall— 
(I) be credited to the appropria-
tion account entitled ‘‘Salaries and 
Expenses, Government Accountability 
Office’’ at the time at which the pay-
ment is received; and 
(II) remain available until ex-
pended. 
(h) ANNUAL INDEPENDENT AUDITS.— 
(1) IN GENERAL.—The Administrator shall— 
(A) have an annual independent audit 
made of the financial statements of the Admin-
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istration by an independent public accountant 
in accordance with generally accepted auditing 
standards; and 
(B) submit to the Secretary the results of 
the audit. 
(2) CONTENT.—In conducting an audit under 
this subsection, the independent public accountant 
shall determine and report on whether the financial 
statements of the Administration— 
(A) are presented fairly in accordance with 
generally accepted accounting principles; and 
(B) comply with any disclosure require-
ments imposed under this subtitle. 
(i) FINANCIAL REPORTS.— 
(1) IN
GENERAL.—The Administrator shall 
submit to the Secretary annual and quarterly re-
ports of the financial condition and operations of the 
Administration, which shall be in such form, contain 
such information, and be submitted on such dates as 
the Secretary shall require. 
(2) CONTENTS
OF
ANNUAL
REPORTS.—Each 
annual report shall include— 
(A) financial statements prepared in ac-
cordance with generally accepted accounting 
principles; 
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(B) any supplemental information or alter-
native presentation that the Secretary may re-
quire; and 
(C) an assessment (as of the end of the 
most recent fiscal year of the Administration), 
signed by the chief executive officer and chief 
accounting or financial officer of the Adminis-
tration, of— 
(i) the effectiveness of the internal 
control structure and procedures of the 
Administration; and 
(ii) the compliance of the Administra-
tion with applicable safety and soundness 
laws. 
(3) SPECIAL REPORTS.—The Secretary may re-
quire the Administrator to submit other reports on 
the condition (including financial condition), man-
agement, activities, or operations of the Administra-
tion, as the Secretary considers appropriate. 
(4) ACCURACY.—Each report of financial condi-
tion shall contain a declaration by the Administrator 
or any other officer designated by the Board of Di-
rectors of the Administration to make the declara-
tion, that the report is true and correct to the best 
of the knowledge and belief of the officer. 
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(5) AVAILABILITY
OF
REPORTS.—Reports re-
quired under this section shall be published and 
made publicly available as soon as is practicable 
after receipt by the Secretary. 
(j) SCOPE AND TERMINATION OF AUTHORITY.— 
(1) NEW
OBLIGATIONS.—The Administrator 
shall not initiate any new obligations under this sub-
title on or after January 1, 2039. 
(2) REVERSION TO SECRETARY.—The authori-
ties and obligations of the Administration shall re-
vert to the Secretary on January 1, 2039. 
Subtitle B—Beneficial 
Electrification 
SEC. 111. INNOVATION IN ELECTRIC VEHICLES THROUGH 
THE 
ADVANCED 
TECHNOLOGY 
MANUFAC-
TURING INCENTIVE PROGRAM. 
(a) IN GENERAL.— 
(1) IN GENERAL.—Section 136(c) of the En-
ergy Independence and Security Act of 2007 (42 
U.S.C. 17013(c)) is amended by striking ‘‘December 
30, 2020’’ each place it appears and inserting ‘‘De-
cember 31, 2030’’. 
(2) EFFECTIVE DATE.—The amendment made 
by paragraph (1) shall take effect on December 31, 
2020. 
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(b) AUTHORIZATION OF APPROPRIATIONS.—Section 
136(i) of the Energy Independence and Security Act of 
2007 (42 U.S.C. 17013(i)) is amended by striking ‘‘2008 
through 2012’’ and inserting ‘‘2021 through 2030’’. 
SEC. 112. DEPLOYMENT OF ELECTRIC VEHICLES THROUGH 
TAX CREDITS. 
(a) NEW PHASEOUT RULES ADDED TO QUALIFIED 
PLUG-IN ELECTRIC VEHICLE TAX CREDIT.—Subsection 
(e) of section 30D of the Internal Revenue Code of 1986 
is amended to read as follows: 
‘‘(e) LIMITATION ON NUMBER OF NEW QUALIFIED 
PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES ELIGIBLE 
FOR CREDIT.— 
‘‘(1) IN
GENERAL.—In the case of any new 
qualified plug-in electric drive motor vehicle sold 
after the date of the enactment of the Clean Energy 
Innovation and Deployment Act of 2020— 
‘‘(A) if such vehicle is sold during the tran-
sition period, the amount determined under 
subsection (b)(2) shall be reduced by $500, and 
‘‘(B) if such vehicle is sold during the 
phaseout period, only the applicable percentage 
of the credit otherwise allowable under sub-
section (a) shall be allowed. 
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‘‘(2) TRANSITION
PERIOD.—For purposes of 
this subsection, the transition period subsequent to 
the first date on which the number of new qualified 
plug-in electric drive motor vehicles manufactured by 
the manufacturer of the vehicle referred to in para-
graph (1) sold for use in the United States after De-
cember 31, 2009, is at least 200,000. 
‘‘(3) PHASEOUT PERIOD.— 
‘‘(A) IN GENERAL.—For purposes of this 
subsection, the phaseout period is the period be-
ginning with the second calendar quarter fol-
lowing the calendar quarter which includes the 
first date on which the number of new qualified 
plug-in electric drive motor vehicles manufac-
tured by the manufacturer of the vehicle re-
ferred to in paragraph (1) sold for use in the 
United States after December 31, 2009, is at 
least 600,000. 
‘‘(B) 
APPLICABLE
PERCENTAGE.—For 
purposes of paragraph (1)(B), the applicable 
percentage is— 
‘‘(i) 50 percent for the first calendar 
quarter of the phaseout period, and 
‘‘(ii) 0 percent for each calendar quar-
ter thereafter. 
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‘‘(C) EXCLUSION OF SALE OF CERTAIN VE-
HICLES.— 
‘‘(i) IN
GENERAL.—For purposes of 
subparagraph (A), any new qualified plug- 
in electric drive motor vehicle manufac-
tured by the manufacturer of the vehicle 
referred to in paragraph (1) which was 
sold during the exclusion period shall not 
be included for purposes of determining 
the number of such vehicles sold. 
‘‘(ii) EXCLUSION PERIOD.—For pur-
poses of this subparagraph, the exclusion 
period is the period— 
‘‘(I) beginning on the first date 
on which the number of new qualified 
plug-in electric drive motor vehicles 
manufactured by the manufacturer of 
the vehicle referred to in paragraph 
(1) sold for use in the United States 
after December 31, 2009, is at least 
200,000, and 
‘‘(II) ending on the date of the 
enactment of the Clean Energy Inno-
vation and Deployment Act of 2020. 
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‘‘(4) CONTROLLED GROUPS.—Rules similar to 
the rules of section 30B(f)(4) shall apply for pur-
poses of this subsection.’’. 
(b) EXTENSION OF CREDIT FOR NEW QUALIFIED 
FUEL CELL MOTOR VEHICLES.—Section 30B(k)(1) of 
the Internal Revenue Code of 1986 is amended by striking 
‘‘December 31, 2020’’ and inserting ‘‘December 31, 
2028’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property purchased after the 
date of the enactment of this Act. 
SEC. 113. DEPLOYMENT OF ELECTRIC VEHICLE CHARGING 
INFRASTRUCTURE THROUGH SUPPLY EQUIP-
MENT PROGRAMS. 
(a) ELECTRIC VEHICLE SUPPLY EQUIPMENT CO-
ORDINATION.—Not later than 90 days after the date of 
enactment of this Act, the Secretary of Energy, acting 
through the Assistant Secretary of the Office of Elec-
tricity, shall convene a group to assess progress in the de-
velopment of standards necessary to— 
(1) support the expanded deployment of electric 
vehicle supply equipment; 
(2) develop an electric vehicle charging network 
to provide reliable charging for electric vehicles na-
tionwide; and 
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(3) ensure the development of such network will 
not compromise the stability and reliability of the 
electric grid. 
(b) UTILITY ELECTRIC VEHICLE CHARGING PRO-
GRAMS.— 
(1) CONSIDERATION AND DETERMINATION RE-
SPECTING CERTAIN RATEMAKING STANDARDS.—Sec-
tion 111(d) of the Public Utility Regulatory Policies 
Act of 1978 (16 U.S.C. 2621(d)) is amended by 
adding at the end the following: 
‘‘(20) UTILITY ELECTRIC VEHICLE CHARGING 
PROGRAMS.— 
‘‘(A) IN GENERAL.—Each State shall con-
sider authorizing each electric utility of the 
State to establish rates sufficient to recover 
from ratepayers any capital, operating expendi-
ture, or other costs of the electric utility relat-
ing to the deployment of electric vehicle supply 
equipment designed to provide vehicle charging 
or load management. 
‘‘(B) DEFINITION.—For purposes of this 
paragraph, the term ‘electric vehicle supply 
equipment’ means the conductors, including the 
ungrounded, grounded, and equipment ground-
ing conductors, the electric vehicle connectors, 
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attachment plugs, and all other fittings, devices, 
power outlets, or apparatuses installed specifi-
cally for the purpose of delivering energy to an 
electric vehicle.’’. 
(2) OBLIGATIONS TO CONSIDER AND DETER-
MINE.— 
(A) TIME
LIMITATIONS.—Section 112(b) 
of the Public Utility Regulatory Policies Act of 
1978 (16 U.S.C. 2622(b)) is amended by add-
ing at the end the following: 
‘‘(7)(A) Not later than 1 year after the date of 
enactment of this paragraph, each State regulatory 
authority (with respect to each electric utility for 
which it has ratemaking authority) and each non-
regulated electric utility shall commence the consid-
eration referred to in section 111, or set a hearing 
date for consideration, with respect to the standard 
established by paragraph (20) of section 111(d). 
‘‘(B) Not later than 2 years after the date of 
the enactment of this paragraph, each State regu-
latory authority (with respect to each electric utility 
for which it has ratemaking authority) and each 
nonregulated electric utility shall complete the con-
sideration, and shall make the determination, re-
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ferred to in section 111 with respect to the standard 
established by paragraph (20) of section 111(d).’’. 
(B) FAILURE TO COMPLY.—Section 112(c) 
of the Public Utility Regulatory Policies Act of 
1978 (16 U.S.C. 2622(c)) is amended— 
(i) by striking ‘‘subsection (b)(2)’’ and 
inserting ‘‘subsection (b)’’; and 
(ii) by striking ‘‘(19)’’ and inserting 
‘‘(20)’’. 
(C) PRIOR STATE ACTIONS.—Section 112 
of the Public Utility Regulatory Policies Act of 
1978 (16 U.S.C. 2622) is amended by adding 
at the end the following: 
‘‘(g) PRIOR STATE ACTIONS.—Subsections (b) and 
(c) of this section shall not apply to the standard estab-
lished by paragraph (20) of section 111(d) in the case of 
any electric utility in a State if, before the enactment of 
this subsection— 
‘‘(1) the State has implemented for such utility 
the standard concerned (or a comparable standard); 
‘‘(2) the State regulatory authority for such 
State or relevant nonregulated electric utility has 
conducted a proceeding to consider implementation 
of the standard concerned (or a comparable stand-
ard) for such utility; or 
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‘‘(3) the State legislature has voted on the im-
plementation of such standard (or a comparable 
standard) for such utility.’’. 
(c) MODEL BUILDING CODE FOR ELECTRIC VEHICLE 
SUPPLY EQUIPMENT.— 
(1) DEVELOPMENT.—The Secretary of Energy 
shall develop a proposal to establish or update, as 
appropriate, model building codes for— 
(A) integrating electric vehicle supply 
equipment into residential and commercial 
buildings that include space for individual vehi-
cle or fleet vehicle parking; and 
(B) integrating onsite renewable power 
equipment and electric storage equipment (in-
cluding electric vehicle batteries to be used for 
electric storage) in residential and commercial 
buildings. 
(2) CONSULTATION.—In developing the pro-
posal under paragraph (1), the Secretary shall con-
sult with stakeholders representing the building con-
struction industry, manufacturers of electric vehicles 
and electric vehicle supply equipment, State and 
local governments, and any other persons with rel-
evant expertise or interests. 
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(3) DEADLINE.—Not later than 1 year after 
the date of enactment of this Act, the Secretary 
shall submit the proposal developed under paragraph 
(1) to the American Society of Heating, Refrig-
erating, and Air Conditioning Engineers and the 
International Code Council for consideration. 
SEC. 114. DEPLOYMENT OF ENERGY EFFICIENT BUILDINGS 
THROUGH TAX CREDITS. 
(a) CREDIT DATES EXTENDED.—Subsection (g) of 
section 25D of the Internal Revenue Code of 1986 is 
amended— 
(1) in paragraph (1), by striking ‘‘January 1, 
2020’’ and inserting ‘‘January 1, 2025’’; 
(2) in paragraph (2), by striking ‘‘after Decem-
ber 31, 2019, and before January 1, 2021’’ and in-
serting ‘‘after December 31, 2024, and before Janu-
ary 1, 2026’’; and 
(3) in paragraph (3), by striking ‘‘after Decem-
ber 31, 2020, and before January 1, 2022’’ and in-
serting ‘‘after December 31, 2025, and before Janu-
ary 1, 2027’’. 
(b) TERMINATION DATE EXTENDED.—Subsection 
(h) of section 25D of such Code is amended by striking 
‘‘December 31, 2021’’ and inserting ‘‘December 31, 
2026’’. 
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(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property placed in service after 
December 31, 2019. 
SEC. 115. DEPLOYMENT OF ENERGY EFFICIENT BUILDINGS 
THROUGH GRANTS. 
(a) ENERGY EFFICIENT PUBLIC BUILDINGS.—Sec-
tion 125(c) of the Energy Policy Act of 2005 (42 U.S.C. 
15822(c)) is amended by striking ‘‘$30,000,000 for each 
of fiscal years 2006 through 2010’’ and inserting 
‘‘$100,000,000 for each of fiscal years 2022 through 
2026’’. 
(b) ENERGY
EFFICIENCY
AND
CONSERVATION 
BLOCK GRANT PROGRAM.— 
(1) PURPOSE.—Section 542(b)(1) of the En-
ergy Independence and Security Act of 2007 (42 
U.S.C. 17152(b)(1)) is amended— 
(A) in subparagraph (A), by striking ‘‘; 
and’’ and inserting a semicolon; 
(B) in subparagraph (B), by striking the 
semicolon and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(C) diversifies energy supplies, including 
by facilitating and promoting the use of alter-
native fuels;’’. 
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