§17336 Deployment of International Clean and Efficient Energy Technologies and Investment in Global Energy Markets

Summary

Within 90 days after December 19, 2007, the President must create a Task Force of federal agency representatives (including Energy, Commerce, State, Treasury, EPA, USAID, the Export-Import Bank, the International Development Finance Corporation, the Trade and Development Agency, Small Business Administration, USTR, CEQ, and others). The President must pick a chair or co-chairs. The Task Force must make and help carry out a strategy to promote the use and export of clean, efficient energy technologies around the world. It must study technology, policy, and market chances for deployment, and look at trade, tax, and finance rules that affect exports. The Task Force must set up an Interagency Working Group (co-chaired by the Secretaries of Energy, Commerce, and State) and an Interagency Center to coordinate federal programs. The Task Force ends 12 years after December 19, 2007. Within 1 year after December 19, 2007, the Task Force must send a strategy to the President and Congress that covers promoting clean energy in developing countries (especially those with big expected growth), opening markets consistent with WTO rules, linking deployment and exports to U.S. foreign policy, and creating financial tools to reduce political and currency risk and attract private investment. The strategy must be updated every 3 years. The President must report to Congress every 3 years on implementation, including updates, actions taken, results, priorities, recommendations to streamline federal programs, private-sector engagement, and outreach efforts. Up to $5,000,000 is authorized each year for fiscal years 2008 through 2020.