New Apollo Energy Act of 2005

Bill: 109-hr-2828
Sponsor: Rep. Inslee, Jay [D-WA-1]
Introduced: 2005-06-09 in the House
Policy area: Energy
Subjects: Agricultural wastes
Agriculture and Food
Air pollution control
Aircraft construction
Alcohol as fuel
Alternative energy sources
Armed Forces and National Security
Automobile industry
Biomass energy
Building construction
Carbon cycle
Carbon dioxide
Cellulose
Climate change and greenhouse gases
Coal
Coastal zone
Commerce
Commercial aircraft
Commercialization
Commodity Futures Trading Commission
Congress
Congressional investigations
Congressional reporting requirements
Construction industries
Construction workers
Data banks
Diesel motor
Droughts
Economics and Public Finance
Ecosystem management
Electric appliances
Electric power production
Electric power transmission
Electric utilities
Electric vehicles
Emergency Management
Emissions trading
Energy conservation
Energy crops
Energy efficiency
Energy research
Energy storage
Environmental Protection
Environmental assessment
Environmental research
Environmental technology
Export finance
Exports
Federal aid to research
Federal aid to transportation
Federal incorporation
Federal office buildings
Federally-guaranteed loans
Finance and Financial Sector
Floods
Fluorocarbons
Foreign Trade and International Finance
Fuel cells
Futures trading
Gas in submerged lands
Government Operations and Politics
Government contractors
Government lending
Government paperwork
Government procurement
Government vehicles
Grants-in-aid
Heating
Housing and Community Development
Income tax
Independent regulatory commissions
International Affairs
Jurisdiction
Labor and Employment
Law
Lighting
Marine and coastal resources, fisheries
Marine ecology
Mass rapid transit
Metals
Meteorological research
Minimum wages
Motor vehicle pollution control
Municipal solid waste
Natural gas
Nonprofit organizations
Nuclear fusion
Oil well drilling
Oxygenates
Petroleum reserves
Pollution measurement
Public Lands and Natural Resources
Public-private partnerships
Recycling industry
Recycling of waste products
Reformulated gasoline
Refuse as fuel
Research and development
Research grants
Science, Technology, Communications
Sea level
Service stations
Sewerage
Social Welfare
Solar energy
Storms
Strategic materials
Submarine oil well drilling
Sunset legislation
Tax administration
Tax credits
Tax deductions
Tax evasion
Tax penalties
Tax returns
Tax treaties
Taxation
Technological innovations
Technology transfer
Transportation and Public Works
Transportation engineering
Trees
Wages
Water Resources Development
Water pollution control
Wind power
Withholding tax

Summary:
action_date: 2005-06-09
text: 
 New Apollo Energy Act of 2005 - Establishes the New Apollo Energy Act Performance Goals, which the President shall consider when formulating and enforcing national energy policy. 
 
Instructs the Secretary of Energy to coordinate the participation of National Laboratories, universities, commercial industry, and other organizations in implementing this Act.
 
Sets forth technology research programs concerning: (1) clean energy; (2) energy efficiency; (3) fusion energy; and (4) ultra-deepwater and extended reach drilling and carbon sequestration technologies.
 
Creates tax incentives, in the form of tax credits and deductions from grosss income, for new technologies.
 
Sets forth a federal framework for support of diverse energy technology initiatives.
 
Directs the President to fill the Strategic Petroleum Reserve to full capacity and ensure that the fill rate minimizes impacts on petroleum markets.
 
Amends the Commodity Exchange Act to grant the Commodity Futures Trading Commission jurisdiction over energy trading markets and metals trading markets.
 
Sets forth federal assistance programs covering weatherization and energy efficient housing. 
 
Sets forth a national net metering requirement for utilities and interconnection standards for distributive energy generation. 
 
Sets forth initiatives to reduce greenhouse gases including: (1) federal climate change research; (2) national greenhouse gas database; (3) market-driven greenhouse gas reductions; and (4) emission reduction requirements and allocation and use of tradeable allowances.
 
Establishes the Climate Change Credit Corporation to use the tradeable allowances, and proceeds derived from its trading activities in tradeable allowances, to reduce costs borne by consumers as a result of the greenhouse gas reduction requirements.
 
Amends the Clean Air Act to set forth a renewable fuel program.
 
Sets forth a program of loan guarantees for biorefineries and renewable electricity generation facilities.
 
Balanced Energy Supply Tax Policy Act of 2005 - Amends the Internal Revenue Code of 1986 to: (1) limit tax reductions to revenue raised by tax offsets; and (2) deny treaty benefits for certain deductible payments.
 
Prescribes guidelines governing the: (1) doctrine of economic substance; (2) penalty for understatements attributable to transactions lacking economic substance; and (3) understatement of taxpayer's liability by income tax return preparer.


Legislative actions:
action_date: 2006-06-19
text: Sponsor introductory remarks on measure. (CR H4207)
action_date: 2006-04-27
text: Sponsor introductory remarks on measure. (CR H1908, H1909)
action_date: 2005-10-07
text: Sponsor introductory remarks on measure. (CR H8771)
action_date: 2005-07-11
text: Referred to the Subcommittee on Workforce Protections.
action_date: 2005-06-28
text: Referred to the Subcommittee on Department Operations, Oversight, Nutrition and Forestry.
action_date: 2005-06-17
text: Referred to the Subcommittee on Energy and Air Quality.
action_date: 2005-06-16
text: Referred to the Subcommittee on Energy.
action_date: 2005-06-10
text: Referred to the Subcommittee on Water Resources and Environment.
action_date: 2005-06-10
text: Referred to the Subcommittee on Railroads.
action_date: 2005-06-10
text: Referred to the Subcommittee on Highways, Transit and Pipelines.
action_date: 2005-06-10
text: Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
action_date: 2005-06-10
text: Referred to the Subcommittee on Coast Guard and Maritime Transportation.
action_date: 2005-06-10
text: Referred to the Subcommittee on Aviation.
action_date: 2005-06-09
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Ways and Means, Financial Services, Transportation and Infrastructure, Education and the Workforce, Government Reform, and Agriculture, 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.
action_date: 2005-06-09
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Ways and Means, Financial Services, Transportation and Infrastructure, Education and the Workforce, Government Reform, and Agriculture, 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.
action_date: 2005-06-09
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Ways and Means, Financial Services, Transportation and Infrastructure, Education and the Workforce, Government Reform, and Agriculture, 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.
action_date: 2005-06-09
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Ways and Means, Financial Services, Transportation and Infrastructure, Education and the Workforce, Government Reform, and Agriculture, 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.
action_date: 2005-06-09
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Ways and Means, Financial Services, Transportation and Infrastructure, Education and the Workforce, Government Reform, and Agriculture, 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.
action_date: 2005-06-09
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Ways and Means, Financial Services, Transportation and Infrastructure, Education and the Workforce, Government Reform, and Agriculture, 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.
action_date: 2005-06-09
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Ways and Means, Financial Services, Transportation and Infrastructure, Education and the Workforce, Government Reform, and Agriculture, 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.
action_date: 2005-06-09
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Ways and Means, Financial Services, Transportation and Infrastructure, Education and the Workforce, Government Reform, and Agriculture, 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.
action_date: 2005-06-09
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Ways and Means, Financial Services, Transportation and Infrastructure, Education and the Workforce, Government Reform, and Agriculture, 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.
action_date: 2005-06-09
text: Sponsor introductory remarks on measure. (CR E1194)
action_date: 2005-06-09
text: Introduced in House
action_date: 2005-06-09
text: Introduced in House
action_date: 2005-06-08
text: Sponsor introductory remarks on measure. (CR H4290-4294)