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Full Text of this Amendment

SA 4978. Mr. REID (for Mr. Biden (for himself, Mr. Lugar, Mr. Menendez, and Mr. Hagel)) submitted an amendment intended to be proposed to amendment SA 4825 proposed by Mrs. Boxer (for herself, Mr. Warner, and Mr. Lieberman) to the bill S. 3036, to direct the Administrator of the Environmental Protection Agency to establish a program to decrease emissions of greenhouse gases, and for other purposes; which was ordered to lie on the table;
as follows:

On page 44, line 10, strike ``; and'' and insert a semicolon.
On page 44, line 11, strike the period at the end and insert ``; and''.
On page 44, between lines 11 and 12, insert the following:
(vi) the Committee on Financial Services.
On page 44, line 14, strike ``subsection (c)(1)'' and insert ``subsection (d)(1)''.
On page 44, strike lines 18 through 20 and insert the following:
(A) is eligible to receive official development assistance according to the guidelines of the Development Assistance Committee of the Organization for Economic Cooperation and Development; and
On page 45, between lines 8 and 9, insert the following:
(4) FUND.--The term ``Fund'' means the International Clean Energy Deployment Fund established under subsection (c)(1).
On page 45, line 9, strike ``(4)'' and insert ``(5)''.
On page 45, between lines 17 and 18, insert the following:
(c) International Clean Energy Deployment Fund.--
(1) ESTABLISHMENT.--There is established in the Treasury of the United States a fund, to be known as the ``International Clean Energy Deployment Fund''.
(2) USE OF FUNDS.--All amounts in the Fund shall be made available, without further appropriation or fiscal year limitation, for purposes of this section.
On page 45, line 18, strike ``(c)'' and insert ``(d)''.
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On page 47, line 2, strike the period at the end and insert a semicolon.
On page 47, between lines 2 and 3, insert the following:
(D) no single country receives more than 15 percent of the funds awarded during any 3-year period; and
(E) assistance is targeted at reducing or eliminating the increased costs associated with deploying clean technologies in place of traditional technologies.
Beginning on page 47, strike line 6 and all that follows through page 48, line 2, and insert the following:
(5) FORM OF ASSISTANCE.--
(A) IN GENERAL.--Consistent with Federal and international intellectual property law, assistance under this subsection shall be provided--
(i) as direct assistance in the form of grants, concessional loans, cooperative agreements, contracts, insurance, or loan guarantees to or with qualified entities;
(ii) as indirect assistance to such entities through--
(I) funding for international clean technology funds supported by multilateral institutions;
(II) support from development and export promotion assistance programs of the United States Government; or
(III) support from international technology programs of the Department of Energy; or
(iii) in such other forms as the Board may determine appropriate.
(B) OVERSIGHT BY THE SECRETARY OF THE TREASURY OF ASSISTANCE FOR MULTILATERAL TRUST FUNDS.--In the case of assistance provided under subparagraph (A)(ii)(I) for a clean technology fund or similar fund that is a multilateral trust fund based at the World Bank, the Secretary of the Treasury shall use the voice, vote, and influence of the United States to ensure that the assistance is used in accordance with the purposes of this section.
On page 48, beginning on line 20, strike ``emissions through Federal or State engagement'' and insert the following: ``emissions in eligible countries.
(C) Funding for Federal or State engagement
On page 49, beginning on line 10, strike ``the date that is 30 days after the date on which the Board submits'' and insert ``30 days after submitting''.
On page 50, line 15, strike ``(d)'' and insert ``(e)''.
On page 50, lines 17 and 18, strike ``President'' and insert ``Board''.
On page 50, line 24, strike ``President'' and insert ``Board''.
On page 51, line 6, strike ``; and'' and insert a semicolon.
On page 51, line 15, strike the period at the end and insert ``; and''.
On page 51, between lines 15 and 16, insert the following:
(C) such information as may be necessary to provide for the evaluation, not less frequently than once every three years, of the performance of each international clean technology fund provided assistance pursuant to paragraph (5)(A)(ii)(I).
On page 51, line 16, strike ``(e)'' and insert ``(f)''.
On page 51, line 24, strike ``(f)'' and insert ``(g)''.
On page 52, line 3, strike ``(g)'' and insert ``(h)''.
On page 439, line 10, strike ``; and'' and insert a semicolon.
On page 439, line 11, strike the period at the end and insert ``; and''.
On page 439, between lines 11 and 12, insert the following:
(vi) the Committee on Financial Services.
On page 439, line 14, strike ``President'' and insert ``Board''.
On page 439, strike lines 15 through 17 and insert the following:
(A) is eligible to receive official development assistance according to the guidelines of the Development Assistance Committee of the Organization for Economic Cooperation and Development; and
On page 439, line 24, strike ``President'' and insert ``Board''.


(As printed in the Congressional Record for the Senate on Jun 6, 2008.)