§13553 Energy Subsidy Study

Summary

The Secretary must hire the National Academy of Sciences to study energy subsidies that were in effect on October 24, 1992, or that had been in effect before that date. No later than 18 months after October 24, 1992, the Secretary must send the study results to Congress and include any suggested laws. The study must find and measure direct and indirect subsidies and other legal or institutional factors that affect fuel and energy technology choices. It must look at options available or reasonably foreseeable on October 24, 1992, and examine production subsidies for raw materials, support for large capital projects, indemnification (protection against losses), fuel-cycle subsidies including waste disposal, government research and development support, and other incentives or disincentives. Up to $500,000 is authorized for each of fiscal years 1993 and 1994 to carry out the study.