I love H.R. 3221, also called the Renewable Energy and Energy Conservation Tax Act of 2007. It was passed by the House Aug. 4, 2007, by a vote of 241 – 172.
Rep. Hensarling voted against this wonderful bill. He was one of 163 Republicans and nine Democrats on the losing side. Twenty-six Republicans and 215 Democrats voted for it.
I hope to find out more about this is coming days, but this is the kind of thing that makes me think about becoming a Democrat.
Here’s more on the bill:
“Title: Moving the United States toward greater energy independence and security, developing innovative new technologies, reducing carbon emissions, creating green jobs, protecting consumers, increasing clean renewable energy production, and modernizing our energy infrastructure, and to amend the Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation.” (Congressional Record)
The bill would seek to do several things:
1) The Green Jobs Act of 2007 — It would “establish an energy efficiency and renewable energy worker training program.”
2) The International Climate Cooperation Re-engagement Act of 2007 — It looks to me that this portion of the bill would put the U.S. back on track to participate with the rest of the world in combating global warming. In other words, it seems to repudiate President Bush’s decision of not signing onto the Kyoto Protocol. It also would establish an Office of Global Climate Change within the Department of State.
3) The Small Energy Efficient Businesses Act — It would provide small businesses with incentives to purchase energy efficient buildings, equipment, fixtures and other technology because it is in the national interest.
4) The Renewable Fuel Capital Investment Program — It would “promote the research, development, manufacture and bringing to market of renewable energy sources by encouraging venture capital investments in smaller enterprises primarily engaged such activities.”
5) Advanced Research Projects Agency-Energy — It would create this agency within the Department of Energy to “overcome the long-term and high-risk technological barriers in the development of energy technologies.” The agency would seek to identify and promote “revolutionary advances in fundamental sciences,” to translate “scientific discoveries and cutting-edge inventions into technological innovations,” and to accelerate “transformational technological advances in areas that industry by itself is not likely to undertake because of technical and financial uncertainty.”
6) Marine Renewable Energy Research and Development Act of 2007 — It would support programs of “research, development, demonstration, and commercial application to expand marine renewable energy production.”
7) Advanced Geothermal Energy Research and Development Act of 2007 — It would “support programs of research, development, demonstration, and commercial application to expand the use of geothermal energy production from hydrothermal systems.”