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‘‘(I) NONRECOURSE
STATUS.—A secured 
loan under this subsection shall be nonrecourse to 
the obligor in the event of bankruptcy, insol-
vency, or liquidation of the eligible project. 
‘‘(J) FEES.—The Board may establish fees 
at a level sufficient to cover all or part of the 
costs to the Federal Government of providing 
credit-based financial assistance under this sub-
section. 
‘‘(3) REPAYMENT.— 
‘‘(A) SCHEDULE AND TERMS AND CONDI-
TIONS.—The Board shall establish a repayment 
schedule and terms and conditions for each se-
cured loan under this subsection based on the 
projected cash flow from eligible project revenues. 
‘‘(B) REPAYMENT
SCHEDULE.—Scheduled 
loan repayments of principal or interest on a se-
cured loan under this subsection shall— 
‘‘(i) commence not later than 5 years 
after the date of substantial completion of 
the eligible project; and 
‘‘(ii) be completed, with interest, not 
later than 35 years after the date of sub-
stantial completion of the eligible project.
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‘‘(C) SOURCES
OF
REPAYMENT
FUNDS.— 
The sources of funds for scheduled loan repay-
ments under this subsection shall include— 
‘‘(i) the sale of electricity or generating 
capacity; 
‘‘(ii) the sale or transmission of energy; 
‘‘(iii) revenues associated with energy 
efficiency gains; or 
‘‘(iv) other dedicated revenue sources, 
such as carbon sequestration. 
‘‘(D) DEFERRED PAYMENTS.— 
‘‘(i) AUTHORIZATION.—If, at any time 
during the 10-year period beginning on the 
date of the start of commercial operations of 
the eligible project, the eligible project is un-
able to generate sufficient revenues to pay 
the scheduled loan repayments of principal 
or interest on a secured loan under this sub-
section, the Secretary may, subject to cri-
teria established by the Secretary (including 
standards for reasonable assurances of re-
payment), allow the obligor to add unpaid 
principal and interest to the outstanding 
balance of the secured loan.
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‘‘(ii) INTEREST.—Any payment de-
ferred under clause (i) shall— 
‘‘(I) continue to accrue interest in 
accordance with paragraph (2)(E) 
until fully repaid; and 
‘‘(II) be scheduled to be amortized 
over the number of years remaining in 
the term of the loan in accordance with 
subparagraph (B). 
‘‘(E) PREPAYMENT.— 
‘‘(i) USE OF EXCESS REVENUES.—At 
the discretion of the obligor, any excess reve-
nues that remain after satisfying scheduled 
debt service requirements on the eligible 
project obligations and secured loan, and all 
deposit requirements under the terms of any 
trust agreement, bond resolution, or similar 
agreement securing eligible project obliga-
tions, may be applied annually to prepay a 
secured loan under this subsection without 
penalty. 
‘‘(ii) USE
OF
PROCEEDS
OF
REFI-
NANCING.—A secured loan under this sub-
section may be prepaid at any time without
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penalty from the proceeds of refinancing 
from non-Federal funding sources. 
‘‘(4) SALE OF SECURED LOANS.— 
‘‘(A) IN
GENERAL.—Subject to subpara-
graph (B), as soon as practicable after the start 
of commercial operations of an eligible project 
and after notifying the obligor, the Board may 
sell to another entity or reoffer into the capital 
markets a secured loan for the eligible project 
under this subsection if the Secretary determines 
that the sale or reoffering can be made on favor-
able terms. 
‘‘(B) CONSENT OF OBLIGOR.—In making a 
sale or reoffering under subparagraph (A), the 
Board may not change the original terms and 
conditions of the secured loan without the writ-
ten consent of the obligor. 
‘‘(i) FEDERAL, STATE, AND LOCAL REGULATORY RE-
QUIREMENTS.—The provision of Federal financial assist-
ance to an eligible project under this section shall not— 
‘‘(1) relieve any recipient of the assistance of any 
obligation to obtain any required Federal, State, or 
local regulatory requirement, permit, or approval 
with respect to the eligible project;
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‘‘(2) limit the right of any unit of Federal, State, 
or local government to approve or regulate any rate 
of return on private equity invested in the eligible 
project; or 
‘‘(3) otherwise supersede any Federal, State, or 
local law (including any regulation) applicable to the 
construction or operation of the eligible project. 
‘‘(j) AUTHORIZATION OF APPROPRIATIONS.—There are 
authorized to be appropriated such sums as are necessary 
to carry out this section for each of fiscal years 2006 
through 2010, to remain available until expended.’’. 
Subtitle B—Climate Change Tech-
nology 
Deployment 
in 
Devel-
oping Countries 
SEC. 1611. CLIMATE CHANGE TECHNOLOGY DEPLOYMENT 
IN DEVELOPING COUNTRIES. 
The Global Environmental Protection Assistance Act 
of 1989 (Public Law 101–240; 103 Stat. 2521) is amending 
by adding at the end the following: 
‘‘PART C—TECHNOLOGY DEPLOYMENT IN 
DEVELOPING COUNTRIES 
‘‘SEC. 731. DEFINITIONS. 
‘‘In this part: 
‘‘(1) CARBON SEQUESTRATION.—The term ‘car-
bon sequestration’ means the capture of carbon diox-
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ide through terrestrial, geological, biological, or other 
means, which prevents the release of carbon dioxide 
into the atmosphere. 
‘‘(2) GREENHOUSE GAS.—The term ‘greenhouse 
gas’ means carbon dioxide, methane, nitrous oxide, 
hydrofluorocarbons, 
perfluorocarbons, 
and 
sulfur 
hexafluoride. 
‘‘(3) GREENHOUSE GAS INTENSITY.—The term 
‘greenhouse gas intensity’ means the ratio of green-
house gas emissions to economic output. 
‘‘SEC. 732. REDUCTION OF GREENHOUSE GAS INTENSITY. 
‘‘(a) LEAD AGENCY.— 
‘‘(1) IN
GENERAL.—The Department of State 
shall act as the lead agency for integrating into 
United States foreign policy the goal of reducing 
greenhouse gas intensity in developing countries. 
‘‘(2) REPORTS.— 
‘‘(A) INITIAL REPORT.—Not later than 180 
days after the date of enactment of this part, the 
Secretary of State shall submit to the appro-
priate authorizing and appropriating commit-
tees of Congress an initial report, based on the 
most recent information available to the Sec-
retary from reliable public sources, that identi-
fies the 25 developing countries that are the
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greenhouse gas emitters, including for each coun-
try— 
‘‘(i) an estimate of the quantity and 
types of energy used; 
‘‘(ii) an estimate of the greenhouse gas 
intensity of the energy, manufacturing, ag-
ricultural, and transportation sectors; 
‘‘(iii) a description the progress of any 
significant projects undertaken to reduce 
greenhouse gas intensity; 
‘‘(iv) a description of the potential for 
undertaking projects to reduce greenhouse 
gas intensity; 
‘‘(v) a description of any obstacles to 
the reduction of greenhouse gas intensity; 
and 
‘‘(vi) a description of the best practices 
learned by the Agency for International De-
velopment from conducting previous pilot 
and demonstration projects to reduce green-
house gas intensity. 
‘‘(B) UPDATE.—Not later than 18 months 
after the date on which the initial report is sub-
mitted under subparagraph (A), the Secretary 
shall submit to the appropriate authorizing and
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appropriating committees of Congress, based on 
the best information available to the Secretary, 
an update of the information provided in the 
initial report. 
‘‘(C) USE.— 
‘‘(i) INITIAL REPORT.—The Secretary 
of State shall use the initial report sub-
mitted under subparagraph (A) to establish 
baselines for the developing countries identi-
fied in the report with respect to the infor-
mation provided under clauses (i) and (ii) 
of that subparagraph. 
‘‘(ii) ANNUAL
REPORTS.—The Sec-
retary of State shall use the annual reports 
prepared under subparagraph (B) and any 
other information available to the Secretary 
to track the progress of the developing coun-
tries with respect to reducing greenhouse gas 
intensity. 
‘‘(b) PROJECTS.—The Secretary of State, in coordina-
tion with Administrator of the United States Agency for 
International Development, shall (directly or through agree-
ments with the World Bank, the International Monetary 
Fund, the Overseas Private Investment Corporation, and 
other development institutions) provide assistance to devel-
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oping countries specifically for projects to reduce greenhouse 
gas intensity, including projects to— 
‘‘(1) leverage, through bilateral agreements, funds 
for reduction of greenhouse gas intensity; 
‘‘(2) increase private investment in projects and 
activities to reduce greenhouse gas intensity; and 
‘‘(3) expedite the deployment of technology to re-
duce greenhouse gas intensity. 
‘‘(c) FOCUS.—In providing assistance under sub-
section (b), the Secretary of State shall focus on— 
‘‘(1) promoting the rule of law, property rights, 
contract protection, and economic freedom; and 
‘‘(2) increasing capacity, infrastructure, and 
training. 
‘‘(d) PRIORITY.—In providing assistance under sub-
section (b), the Secretary of State shall give priority to 
projects in the 25 developing countries identified in the re-
port submitted under subsection (a)(2)(A). 
‘‘SEC. 733. TECHNOLOGY INVENTORY FOR DEVELOPING 
COUNTRIES. 
‘‘(a) IN GENERAL.—The Secretary of State, in coordi-
nation with the Secretary of Energy and the Secretary of 
Commerce, shall conduct an inventory of greenhouse gas in-
tensity reducing technologies that are developed, or under 
development in the United States, to identify technologies
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that are suitable for transfer to, deployment in, and com-
mercialization in the developing countries identified in the 
report submitted under section 732(a)(2)(A). 
‘‘(b) REPORT.—Not later than 180 days after the com-
pletion of the inventory under subsection (a), the Secretary 
of State and the Secretary of Energy shall jointly submit 
to Congress a report that— 
‘‘(1) includes the results of the completed inven-
tory; 
‘‘(2) identifies obstacles to the transfer, deploy-
ment, and commercialization of the inventoried tech-
nologies; 
‘‘(3) includes results from previous Federal re-
ports related to the inventoried technologies; and 
‘‘(4) includes an analysis of market forces related 
to the inventoried technologies. 
‘‘SEC. 734. TRADE-RELATED BARRIERS TO EXPORT OF 
GREENHOUSE 
GAS 
INTENSITY 
REDUCING 
TECHNOLOGIES. 
‘‘(a) IN GENERAL.—Not later than 1 year after the 
date of enactment of this part, the United States Trade Rep-
resentative shall (as appropriate and consistent with appli-
cable bilateral, regional, and mutual trade agreements)— 
‘‘(1) identify trade-relations barriers maintained 
by foreign countries to the export of greenhouse gas
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intensity reducing technologies and practices from the 
United States to the developing countries identified in 
the report submitted under section 732(a)(2)(A); and 
‘‘(2) negotiate with foreign countries for the re-
moval of those barriers. 
‘‘(b) ANNUAL REPORT.—Not later than 1 year after 
the date on which a report is submitted under subsection 
(a)(1) and annually thereafter, the United States Trade 
Representative shall submit to Congress a report that de-
scribes any progress made with respect to removing the bar-
riers identified by the United States Trade Representative 
under subsection (a)(1). 
‘‘SEC. 735. GREENHOUSE GAS INTENSITY REDUCING TECH-
NOLOGY EXPORT INITIATIVE. 
‘‘(a) IN GENERAL.—There is established an inter-
agency working group to carry out a Greenhouse Gas Inten-
sity Reducing Technology Export Initiative to— 
‘‘(1) promote the export of greenhouse gas inten-
sity reducing technologies and practices from the 
United States; 
‘‘(2) identify developing countries that should be 
designated as priority countries for the purpose of ex-
porting greenhouse gas intensity reducing technologies 
and practices, based on the report submitted under 
section 732(a)(2)(A);
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‘‘(3) identify potential barriers to adoption of ex-
ported greenhouse gas intensity reducing technologies 
and practices based on the reports submitted under 
section 734; and 
‘‘(4) identify previous efforts to export energy 
technologies to learn best practices. 
‘‘(b) COMPOSITION.—The working group shall be com-
posed of— 
‘‘(1) the Secretary of State, who shall act as the 
head of the working group; 
‘‘(2) the Administrator of the United States 
Agency for International Development; 
‘‘(3) the United States Trade Representative; 
‘‘(4) a designee of the Secretary of Energy; and 
‘‘(5) a designee of the Secretary of Commerce. 
‘‘(c) PERFORMANCE REVIEWS
AND REPORTS.—Not 
later than 180 days after the date of enactment of this part 
and each year thereafter, the interagency working group 
shall— 
‘‘(1) conduct a performance review of actions 
taken and results achieved by the Federal Government 
(including each of the agencies represented on the 
interagency working group) to promote the export of 
greenhouse gas intensity reducing technologies and 
practices from the United States; and
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‘‘(2) submit to the appropriate authorizing and 
appropriating committees of Congress a report that 
describes the results of the performance reviews and 
evaluates progress in promoting the export of green-
house gas intensity reducing technologies and prac-
tices from the United States, including any rec-
ommendations for increasing the export of the tech-
nologies and practices. 
‘‘SEC. 736. TECHNOLOGY DEMONSTRATION PROJECTS. 
‘‘(a) IN GENERAL.—The Secretary of State, in coordi-
nation with the Secretary of Energy and the Administrator 
of the United States Agency for International Development, 
shall promote the adoption of technologies and practices 
that reduce greenhouse gas intensity in developing countries 
in accordance with this section. 
‘‘(b) DEMONSTRATION PROJECTS.— 
‘‘(1) IN GENERAL.—The Secretaries and the Ad-
ministrator shall plan, coordinate, and carry out, or 
provide assistance for the planning, coordination, or 
carrying out of, demonstration projects under this sec-
tion in at least 10 eligible countries, as determined by 
the Secretaries and the Administrator. 
‘‘(2) ELIGIBILITY.—A country shall be eligible 
for assistance under this subsection if the Secretaries
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and the Administrator determine that the country has 
demonstrated a commitment to— 
‘‘(A) just governance, including— 
‘‘(i) promoting the rule of law; 
‘‘(ii) respecting human and civil 
rights; 
‘‘(iii) 
protecting 
private 
property 
rights; and 
‘‘(iv) combating corruption; and 
‘‘(B) economic freedom, including economic 
policies that— 
‘‘(i) encourage citizens and firms to 
participate in global trade and inter-
national capital markets; 
‘‘(ii) promote private sector growth 
and the sustainable management of natural 
resources; and 
‘‘(iii) strengthen market forces in the 
economy. 
‘‘(3) SELECTION.—In determining which eligible 
countries to provide assistance to under paragraph 
(1), the Secretaries and the Administrator shall con-
sider— 
‘‘(A) the opportunity to reduce greenhouse 
gas intensity in the eligible country; and
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‘‘(B) the opportunity to generate economic 
growth in the eligible country. 
‘‘(4) 
TYPES
OF
PROJECTS.—Demonstration 
projects under this section may include— 
‘‘(A) coal gasification, coal liquefaction, and 
clean coal projects; 
‘‘(B) carbon sequestration projects; 
‘‘(C) cogeneration technology initiatives; 
‘‘(D) renewable projects; and 
‘‘(E) lower emission transportation. 
‘‘SEC. 737. FELLOWSHIP AND EXCHANGE PROGRAMS. 
‘‘The Secretary of State, in coordination with the Sec-
retary of Energy, the Secretary of Commerce, and the Ad-
ministrator of the Environmental Protection Agency, shall 
carry out fellowship and exchange programs under which 
officials from developing countries visit the United States 
to acquire expertise and knowledge of best practices to re-
duce greenhouse gas intensity in their countries. 
‘‘SEC. 738. AUTHORIZATION OF APPROPRIATIONS. 
‘‘There are authorized to be appropriated such sums 
as are necessary to carry out this part (other than section 
736). 
‘‘SEC. 739. EFFECTIVE DATE. 
‘‘Except as otherwise provided in this part, this part 
takes effect on October 1, 2005.’’.
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SEC. 1612. SENSE OF THE SENATE ON CLIMATE CHANGE. 
(a) FINDINGS.—Congress finds that— 
(1) greenhouse gases accumulating in the atmos-
phere are causing average temperatures to rise at a 
rate outside the range of natural variability and are 
posing a substantial risk of rising sea-levels, altered 
patterns of atmospheric and oceanic circulation, and 
increased frequency and severity of floods and 
droughts; 
(2) there is a growing scientific consensus that 
human activity is a substantial cause of greenhouse 
gas accumulation in the atmosphere; and 
(3) mandatory steps will be required to slow or 
stop the growth of greenhouse gas emissions into the 
atmosphere. 
(b) SENSE OF THE SENATE.—It is the sense of the Sen-
ate that Congress should enact a comprehensive and effective 
national program of mandatory, market-based limits and 
incentives on emissions of greenhouse gases that slow, stop, 
and reverse the growth of such emissions at a rate and in 
a manner that— 
(1) will not significantly harm the United States 
economy; and
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(2) will encourage comparable action by other 
nations that are major trading partners and key con-
tributors to global emissions. 
Attest: 
Secretary.
109TH CONGRESS 
1ST SESSION 
H. R. 6 
AMENDMENT 
July 14, 2005 
Ordered to be printed as passed