1. Short title
This Act may be cited as the “Advanced Technology Vehicles Manufacturing Program Reform Act”.
Advanced Technology Vehicles Manufacturing Program Reform Act
A BILL
To expand the advanced technology vehicles manufacturing incentive program, and for other purposes.
2. Advanced Technology Vehicles Manufacturing Incentive Program expansion
Zero-Emission vehicles included—
In general— Section 136 of the Energy Independence and Security Act of 2007 (42 U.S.C. 17013) is amended—
in subsection (d)—
in paragraph (1), by inserting “or in paragraph (5)” after “subsection (b)”; and
by adding at the end the following new paragraph:
“(5) Zero-emission vehicle manufacturing—The activities described in this paragraph are an automobile manufacturer, ultra efficient vehicle manufacturer, or component supplier—
“(A) reequipping, expanding, or establishing a manufacturing facility in the United States to produce zero-emission vehicles or qualifying components; or
“(B) performing engineering integration in the United States for zero-emission vehicles.”
in subsection (a), by adding at the end the following new paragraph:
“(6) Zero-emission vehicle—The term zero-emission vehicle means a passenger vehicle that produces zero exhaust emissions of any criteria pollutant, precursor pollutant, or greenhouse gas, other than water vapor, in any mode of operation or condition, as determined by the Administrator.”
Conforming amendments— Section 136(a) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17013(a)) is amended—
in paragraph (3)—
in subparagraph (A), by inserting “or zero-emission vehicles” after “advanced technology vehicles”; and
in subparagraph (B), by striking “components or advanced technology vehicles” and inserting “components, advanced technology vehicles, or zero-emissions vehicles”; and
in paragraph (4)—
in subparagraph (A), by inserting “or zero-emission vehicles” after “advanced technology vehicles”; and
in subparagraph (B), by inserting “or zero-emission vehicles” after “advanced technology vehicles”.
Financial viability requirement modification— Section 136(d)(3) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17013(d)(3)) is amended—
by striking “in which, as determined by the Secretary” and all that follows through “the proposed project;” and inserting the following:
“(A) the award recipient—
“(i) has a reasonable prospect of repaying the principal and interest on the loan;”
by redesignating subparagraphs (B) and (C) as clauses (ii) and (iii), respectively;
in clause (iii), as redesignated, by striking the period at the end and inserting a semicolon; and
by adding at the end the following new subparagraphs:
“(B) the amount of the loan, in combination with amounts available to the award recipient from other sources, will be sufficient to carry out the applicable eligible project; and
“(C) the loan will not be subordinate to other financing.”
Rulemaking— Not later than 60 days after the date of enactment of this Act, the Secretary of Energy shall promulgate regulations to carry out the amendments made by this section.
3. Study on program loans
Study— The Comptroller General of the United States shall conduct a study on the barriers to the application for, and issuance of, loans under section 136(d) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17013(d)) and potential changes to reduce such barriers to increase the number of such loans.
Briefing— Not later than 180 days after the date of enactment of this Act, the Comptroller General shall provide a briefing to the relevant congressional committees, as determined by the Comptroller General, on the study described in subsection (a). At the time of the briefing, the Comptroller General and such relevant congressional committees shall jointly determine the date by which the report described in subsection (c) shall be submitted to Congress and to the Secretary of Energy.
Report— Not later than the report submission date determined under subsection (b), the Comptroller General shall submit to Congress and to the Secretary of Energy a report on the results of the study conducted under subsection (a).
Response to report— Not later than 180 days after the Secretary of Energy receives the report under subsection (c), the Secretary shall, taking into consideration such report and to the extent authorized by law, promulgate regulations to carry out the program described in section 136(d) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17013(d)).