259
‘‘(C) UNITED
STATES.—For purposes of 
this paragraph, the term ‘United States’, when 
used in a geographical sense, means the 50 
States, the District of Columbia, Puerto Rico, 
Guam, the Virgin Islands, American Samoa, 
and the Commonwealth of the Northern Mar-
iana Islands. 
‘‘(2) PILOT PROGRAM FOR FINANCIAL ASSIST-
ANCE.—
‘‘(A) IN
GENERAL.—Not later than 180 
days after the date of enactment of this sub-
section, the Secretary shall, by regulation, pro-
vide for a pilot program for financial assistance 
for qualifying international energy deployment 
projects. 
‘‘(B) SELECTION
CRITERIA.—After con-
sultation with the Secretary of State, the Sec-
retary of Commerce, and the United States 
Trade Representative, the Secretary shall select 
projects for participation in the program based 
solely on the criteria under this title and with-
out regard to the country in which the project 
is located. 
‘‘(C) FINANCIAL ASSISTANCE.—
260
‘‘(i) IN GENERAL.—A United States 
firm that undertakes a qualifying inter-
national energy deployment project that is 
selected to participate in the pilot program 
shall be eligible to receive a loan or a loan 
guarantee from the Secretary. 
‘‘(ii) RATE OF INTEREST.—The rate 
of interest of any loan made under clause 
(i) shall be equal to the rate for Treasury 
obligations then issued for periods of com-
parable maturities. 
‘‘(iii) AMOUNT.—The amount of a 
loan or loan guarantee under clause (i) 
shall not exceed 50 percent of the total 
cost of the qualified international energy 
deployment project. 
‘‘(iv) 
DEVELOPED
COUNTRIES.—
Loans or loan guarantees made for 
projects to be located in a developed coun-
try, as listed in Annex I of the United Na-
tions Framework Convention on Climate 
Change, shall require at least a 50 percent 
contribution towards the total cost of the 
loan or loan guarantee by the host country.
261
‘‘(v) 
DEVELOPING
COUNTRIES.—
Loans or loan guarantees made for 
projects to be located in a developing coun-
try (those countries not listed in Annex I 
of the United Nations Framework Conven-
tion on Climate Change) shall require at 
least a 10 percent contribution towards the 
total cost of the loan or loan guarantee by 
the host country. 
‘‘(vi) 
CAPACITY
BUILDING
RE-
SEARCH.—Proposals made for projects to 
be located in a developing country may in-
clude a research component intended to 
build technological capacity within the host 
country. Such research must be related to 
the technologies being deployed and must 
involve both an institution in the host 
country and an industry, university or na-
tional laboratory participant from the 
United States. The host institution shall 
contribute at least 50 percent of funds pro-
vided for the capacity building research. 
‘‘(D) COORDINATION
WITH
OTHER
PRO-
GRAMS.—A qualifying international energy de-
ployment project funded under this section shall
262
not be eligible as a qualifying clean coal tech-
nology under section 415 of the Clean Air Act 
(42 U.S.C. 7651n). 
‘‘(E) REPORT.—Not later than 5 years 
after the date of enactment of this subsection, 
the Secretary shall submit to the President a 
report on the results of the pilot projects. 
‘‘(F) RECOMMENDATION.—Not later than 
60 days after receiving the report under sub-
paragraph (E), the President shall submit to 
Congress a recommendation, based on the re-
sults of the pilot projects as reported by the 
Secretary of Energy, concerning whether the fi-
nancial assistance program under this section 
should be continued, expanded, reduced, or 
eliminated. 
‘‘(3) AUTHORIZATION
OF
APPROPRIATIONS.—
There are authorized to be appropriated to the Sec-
retary to carry out this section $500,000,000 for 
each of fiscal years 2006 through 2016, to remain 
available until expended.’’. 
SEC. 405. RISK POOL FOR QUALIFYING ADVANCED CLEAN 
ENERGY TECHNOLOGY. 
(a) ESTABLISHMENT.—The Secretary of the Treas-
ury shall establish a financial risk pool which shall be
263
available to any United States owner or developer of a 
technology that the Secretary determines will help achieve 
the goals stated in section 102 of this Act (whether or 
not such owner or developer receives any loan guaranteed 
under section 731), to offset for the first 3 years of the 
operation of such technology the costs (not to exceed 5 
percent of the total cost of installation) for modifications 
resulting from the technology’s failure to achieve its de-
sign performance. 
(b) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated $4,500,000,000 to carry 
out the purposes of this section. 
SEC. 406. FEDERAL RENEWABLE AND CLEAN ENERGY USE. 
(a) IN GENERAL.—The President shall take meas-
ures necessary to ensure that, within 10 years after the 
date of the enactment of this Act, at least 20 percent of 
the electricity consumed by nondefense related activities 
of the Federal Government shall be generated from renew-
able sources or zero-emission fossil fuel energy sources. 
(b) SOLAR PANELS AND PHOTOVOLTAICS.—The re-
quirement in subsection (a) may be achieved through the 
purchase and installation of solar panels or photovoltaics 
on executive agency properties.
264
SEC. 407. REQUIRE THE EXPORT-IMPORT BANK OF THE 
UNITED STATES TO MEET RENEWABLE EN-
ERGY TARGETS IN ITS LENDING PRACTICES. 
(a) ALLOCATION OF ASSISTANCE AMONG ENERGY 
PROJECTS.—Of the total amount available to the Export-
Import Bank of the United States for the extension of 
credit for transactions related to energy projects, the 
Bank shall, not later than the beginning of fiscal year 
2008, use—
(1) not more than 85 percent for transactions 
related to fossil fuel projects; and 
(2) not less than 15 percent for transactions re-
lated to renewable energy and energy efficiency 
projects. 
(b) RENEWABLE ENERGY AND TECHNOLOGY COM-
MISSION.—
(1) ESTABLISHMENT.—Within 1 year after the 
date of the enactment of this Act, the Export-Import 
Bank of the United States (in this subsection re-
ferred to as the ‘‘Bank’’) shall establish a commis-
sion which shall be known as the ‘‘Renewable En-
ergy and Technology Commission’’ (in this sub-
section referred to as the ‘‘Commission’’). 
(2) FUNCTION.—The Commission shall help the 
Bank achieve the percentage goal set forth in sub-
section (a)(2) by the beginning of fiscal year 2008,