American Energy, American Innovation Act of 2008

Bill: 110-hr-7239
Sponsor: Rep. Udall, Mark [D-CO-2]
Introduced: 2008-09-29 in the House
Policy area: Energy
Subjects: Administrative law and regulatory procedures
Advanced technology and technological innovations
Advisory bodies
Air quality
Alternative and renewable resources
Building construction
Business investment and capital
Climate change and greenhouse gases
Coal
Commodities markets
Commodity Futures Trading Commission
Competitiveness, trade promotion, trade deficits
Congressional operations and organization
Congressional oversight
Department of the Interior
Electric power generation and transmission
Employee benefits and pensions
Energy efficiency and conservation
Energy prices
Energy research
Energy storage, supplies, demand
Environmental technology
Executive agency funding and structure
Government employee pay, benefits, personnel management
Government lending and loan guarantees
Government studies and investigations
Hybrid, electric, and advanced technology vehicles
Income tax credits
Income tax deductions
Income tax deferral
Income tax exclusion
Industrial policy and productivity
Licensing and registrations
Manufacturing
Marine and coastal resources, fisheries
Motor fuels
Motor vehicles
Nuclear Regulatory Commission (NRC)
Nuclear power
Oil and gas
Research administration and funding
Research and development
Securities
Strategic materials and reserves
Technology transfer and commercialization

Summary:
action_date: 2008-09-29
text: 
American Energy, American Innovation Act of 2008 - Directs the Secretary of Energy to publish a plan for the sale and replacement of oil from the Strategic Petroleum Reserve (SPR).
 
Amends the Commodity Exchange Act to extend the jurisdiction of the Commodity Future Trading Commission (CFTC) to energy commodities.
 

 

 

 

 

 

 

 

 
Establishes the National Commission on Energy Independence in the legislative branch.
 
Amends the Public Utility Regulatory Policies Act of 1978 to establish a national renewable electricity standard.
 
Declares the sense of the Senate that by calendar 2030 the United States should be energy independent.
 
Amends the Internal Revenue Code to establish a tax credit for qualified plug-in electric drive motor vehicles and fuel-efficient motor vehicles placed in service by a taxpayer.
 
Directs the Secretary of Energy to conduct a program of alternative fuel transportation technology research, development, demonstration, and commercial application.
 
Increases and revises the formula for corporate fuel economy standards.
 
Prescribes tax credits and exclusions for: (1) enhancing the efficiency of specified conventional vehicles; (2) advanced coal and coal gasification (carbon mitigation) project investments; and (3) qualified energy conservation bonds. Extends tax credits for specified alternative fuels and biofuels and qualified green buildings and sustainable design projects.
 
Prescribes renewable energy and geothermal tax incentives.
 
Prohibits oil or natural gas leasing in any except specified areas of the Outer Continental Shelf (OCS), and only according to certain requirements.
 
Directs the Secretary of the Interior to establish Federal OCS Joint Regional Permitting Offices.
 
Amends the Energy Policy Act of 1992 to require the Secretary of Energy to carry out a coal innovation direct loan program.
 
Authorizes appropriations to the Nuclear Regulatory Commission (NRC) to establish an additional 60 full-time equivalent positions to expedite and streamline the processing of applications for new nuclear plants.
 
Establishes an interagency working group to make recommendations to coordinate federal government actions and programs to promote increasing domestic manufacturing capacity and export of domestic nuclear energy products and services.
 
Amends the Internal Revenue Code to allow a tax credit for carbon dioxide sequestration.
 
Offsets expenditures under this Act by terminating specified tax deductions and credits. Includes in gross income any compensation deferred under a nonqualified deferred compensation plan of a nonqualified entity when there is no substantial risk of forfeiture of the rights to such compensation.


Legislative actions:
action_date: 2008-12-01
text: Referred to the Subcommittee on Energy and Mineral Resources.
action_date: 2008-09-30
text: Referred to the Subcommittee on Water Resources and Environment.
action_date: 2008-09-30
text: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
action_date: 2008-09-30
text: Referred to the Subcommittee on Highways and Transit.
action_date: 2008-09-30
text: Referred to the Subcommittee on Aviation.
action_date: 2008-09-30
text: Sponsor introductory remarks on measure. (CR E2161-2162)
action_date: 2008-09-29
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Ways and Means, Science and Technology, Oversight and Government Reform, Transportation and Infrastructure, and Natural Resources, 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: 2008-09-29
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Ways and Means, Science and Technology, Oversight and Government Reform, Transportation and Infrastructure, and Natural Resources, 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: 2008-09-29
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Ways and Means, Science and Technology, Oversight and Government Reform, Transportation and Infrastructure, and Natural Resources, 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: 2008-09-29
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Ways and Means, Science and Technology, Oversight and Government Reform, Transportation and Infrastructure, and Natural Resources, 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: 2008-09-29
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Ways and Means, Science and Technology, Oversight and Government Reform, Transportation and Infrastructure, and Natural Resources, 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: 2008-09-29
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Ways and Means, Science and Technology, Oversight and Government Reform, Transportation and Infrastructure, and Natural Resources, 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: 2008-09-29
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Ways and Means, Science and Technology, Oversight and Government Reform, Transportation and Infrastructure, and Natural Resources, 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: 2008-09-29
text: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Agriculture, Ways and Means, Science and Technology, Oversight and Government Reform, Transportation and Infrastructure, and Natural Resources, 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: 2008-09-29
text: Introduced in House
action_date: 2008-09-29
text: Introduced in House