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TITLE V-SOLAR ENERGY AND ENERGY CONSERVATION
SUBTITLE A-Solar ENERGY AND ENERGY CONSERVATION BANK
Part 1-Establishment and Operation of the Bank Sec. 505. Establishment of the Bank. Sec. 506. Board of Directors. Sec. 507. Officers and personnel. Sec. 508. Advisory committees. Sec. 509. Provision of financial assistance. Sec. 510. Establishing levels of financial assistance. Sec. 511. Maximum amounts of financial assistance for residential and commercial
energy conserving improvements. Sec. 512. Maximum amounts of financial assistance for solar energy systems. Sec. 513. General conditions on financial assistance for loans. Sec. 514. Conditions on financial assistance for residential and commercial energy
conserving improvements. Sec. 515. Conditions on financial assistance for solar energy systems. Sec. 516. Limitations on the provision of financial assistance for residential and
commercial energy conserving improvements. Sec. 517. Limitations on the provision of financial assistance for solar energy sys
Part 2-Secondary Financing
and advances of credit for residential energy conserving improvements
or solar energy systems. Sec. 532. Authority of solar energy and energy conservation bank to purchase mort
gages secured by newly constructed homes with solar energy systems. Sec. 533. Repeal. Sec. 534. Secondary financing by Federal Home Loan Mortgage Corporation and by
Federal National Mortgage Association.
SubtitLE B-UTILITY PROGRAM
Sec. 541. Definitions.
SUBTITLE C-RESIDENTIAL ENERGY EFFICIENCY PROGRAM
SUBTITLE E-WEATHERIZATION PROGRAM
SUBTITLE F-ENERGY AUDITOR TRAINING AND CERTIFICATION
Sec. 581. Purpose.
SUBTITLE G—INDUSTRIAL ENERGY CONSERVATION
SUBTITLE H-COORDINATION OF FEDERAL ENERGY CONSERVATION FACTORS AND DATA
TITLE VI–GEOTHERMAL ENERGY
Sec. 611. Loans for geothermal reservoir confirmation.
Sec. 621. Reservoir insurance program study.
Sec. 631. Feasibility study loan program.
SUBTITLE D Sec. 641. Amendments to Geothermal Research, Development, and Demonstration
TITLE VII-ACID PRECIPITATION PROGRAM AND CARBON DIOXIDE STUDY
SUBTITLE A-Acid PRECIPITATION
Sec. 701. Short title.
SUBTITLE B-CARBON DIOXIDE
Sec. 711. Study.
TITLE VIII—STRATEGIC PETROLEUM RESERVE
Sec. 801. President required to resume fill operations.
Federal royalty oil.
FINDINGS AND PURPOSE
SEC. 100. (a) The Congress finds and declares that
(1) the achievement of energy security for the United States is essential to the health of the national economy, the wellbeing of our citizens, and the maintenance of national security;
(2) dependence on foreign energy resources can be significantly reduced by the production from domestic resources of the equivalent of at least 500,000 barrels of crude oil per day of synthetic fuel by 1987 and of at least 2,000,000 barrels of crude oil per day of synthetic fuel by 1992;
(3) attainment of synthetic fuel production in the United States in a timely manner and in a manner consistent with the protection of the environment will require financial commitments beyond those expected to be forthcoming from nongovernmental capital sources and existing government incentives; and
(4) establishment of an independent Federal entity of limited duration which will provide additional financial assistance in conjunction with private sources of capital to assist the development of domestic nonnuclear energy resources for the production of synthetic fuel will facilitate the expeditious achievement of synthetic fuel production from domestic resources. (b)(1) The purposes of this title, and the amendments made by this title, are to utilize to the fullest extent the constitutional powers of the Congress to improve the Nation's balance of payments, reduce the threat of economic disruption from oil supply interruptions and increase the Nation's security by reducing its dependence upon imported oil.
(2) Congress finds and declares that these purposes can be served by
(A) demonstrating at the earliest feasible time the practicality of commercial production of synthetic fuel from domestic resources employing the widest diversity of feasible technologies;
(B) fostering the creation of commercial synthetic fuel production facilities of diverse types with the aggregate capability to produce from domestic resources in an environmentally acceptable manner the equivalent of at least 500,000 barrels of crude oil per day by 1987 and of at least 2,000,000 barrels of crude oil per day by 1992;
(C) creating the United States Synthetic Fuels Corporation, a Federal entity of limited duration formed to provide financial assistance to undertake synthetic fuel projects;
(D) providing for financial assistance to encourage and assure the flow of capital funds to those sectors of the national economy which are important to the domestic production of synthetic fuel;
(E) encouraging private capital investment and activities in the development of domestic sources of synthetic fuel and to foster competition in the development of the Nation's synthetic fuel resources;
(F) encouraging and supplementing and not competing with or supplanting private capital investments in the development of domestic sources of synthetic fuel;
(G) fostering greater energy security and reducing the Nation's economic vulnerability to disruptions in imported energy supplies; and
(H) giving special consideration to the production of synthetic fuel which has national defense applications and expediting its initial development through the Defense Production Act of
1950. (42 U.S.C. 8701]
Part A-Development of Synthetic Fuel Under the Defense
Production Act of 1950
SEC. 101. This part may be cited as the “Defense Production Act Amendments of 1980”. [50 U.S.C. App. 2061 note]
DECLARATION OF POLICY
SEC. 102. The second sentence of section 2 of the Defense Production Act of 1950 (50 U.S.C. App. 2062) is amended by striking out the period at the end thereof and inserting in lieu thereof "or to respond to actions occurring outside of the United States which could result in the termination or reduction of the availability of strategic and critical materials, including energy, and which would adversely affect the national defense preparedness of the United States. In order to insure the national defense preparedness which is essential to national security, it is also necessary and appropriate to assure domestic energy supplies for national defense needs.".
RESTRICTION ON RATIONING
SEC. 103. Title I of the Defense Production Act of 1950 (50 U.S.C. App. 2071 et seq.) is amended by adding at the end thereof the following:
"SEC. 105. Nothing in this Act shall be construed to authorize the President to institute, without the approval of the Congress, a program for the rationing of gasoline among classes of end-users.
"SEC. 106. For purposes of this Act, 'energy' shall be designated as a 'strategic and critical material after the date of the enactment of this section: Provided, That no provision of this Act shall, by virtue of such designation
"(1) grant any new direct or indirect authority to the President for the mandatory allocation or pricing of any fuel or feedstock (including, but not limited to, crude oil, residual fuel oil, any refined petroleum product, natural gas, or coal) or electricity or any other form of energy; or
"(2) grant any new direct or indirect authority to the President to engage in the production of energy in any manner whatsoever (such as oil and gas exploration and development, or any energy facility construction), except as expressly provided in sections 305 and 306 for synthetic fuel production.”.
EXPANSION OF PRODUCTIVE CAPACITY AND SUPPLY
SEC. 104. (a)(1) Section 301(a) of the Defense Production Act of 1950 (50 U.S.C. App. 2091(a)) is amended by inserting "(1)" after “(a)” and by striking out “the Department of the Army, the Department of the Navy, the Department of the Air Force, the Department of Commerce," and inserting in lieu thereof "the Department of Defense, the Department of Energy, the Department of Commerce,".
(2) Section 301(a) of the Defense Production Act of 1950 (50 U.S.C. App. 2091(a)) is amended by adding at the end thereof the following:
"(2) Except as provided in section 305 and section 306, no authority contained in sections 301, 302, or 303 may be used in any manner
“(A) in the development, production, or distribution of synthetic fuel;
"(B) for any synthetic fuel project;
“(C) to assist any person for the purpose of providing goods or services to a synthetic fuel project; or
“(D) to provide any assistance to any person for the purchase of synthetic fuel.". (b) Section 301(e 1) of the Defense Production Act of 1950 (50 U.S.C. App. 2091(e)(1)) is amended
(1) by striking out “Except with the approval of the Congress, the" and inserting in lieu thereof "(A) Except as provided in subparagraph (B), the";
(2) by striking out “$20,000,000” and inserting in lieu thereof “$38,000,000”; and
(3) by adding at the end thereof the following: “(B) Guarantees which exceed the amount specified in subparagraph (A) may be entered into under this section only if the Committees on Armed Services of the Senate and the House of Representatives have been notified in writing of such proposed obligation and 60 days of continuous session of Congress have expired following the date on which such notice was transmitted to such committees and neither House of Congress has adopted, within such 60day period, a resolution disapproving such obligation. For purposes of this subparagraph, the continuity of a session of Congress is broken only by an adjournment of the Congress sine die, and the days on which either House is not in session because of an adjournment of more than 3 days to a day certain are excluded in the computation of such 60-day period.”.