§13553 Energy Subsidy Study

Summary

The Secretary must hire the National Academy of Sciences to study energy subsidies that were in effect on or before October 24, 1992. The study must be sent to Congress within 18 months after October 24, 1992 and include any recommended legislation. The study must identify and measure direct and indirect subsidies and other legal or institutional factors that affect market choices about fuels and energy technologies. It must look at seven areas, including fuel and technology options available or reasonably foreseeable on October 24, 1992; production and large-project subsidies; indemnification; fuel-cycle support (like waste disposal); government research and development help; and other incentives or disincentives. Congress may provide $500,000 for each of fiscal years 1993 and 1994 to fund the study.