Sec. 2. Advanced Technology Vehicles Manufacturing Incentive Program
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Section 136(a) of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17013(a) ) is amended— by redesignating paragraphs (3), (4), and (5), as paragraphs (4), (5), and (6), respectively; in paragraph (1)— by redesignating subparagraphs (A), (B), and
(C)as clauses (i), (ii), and (iii), respectively; in the matter preceding clause (i), as redesignated, by striking means an ultra efficient vehicle or a light duty vehicle that meets— and inserting the following: “means— an ultra efficient vehicle or a light duty vehicle that meets— ; in clause (iii), as redesignated, by striking the period at the end and inserting a semicolon; and by adding at the end the following: a commercial truck manufactured in the United States that meets at least 125 percent of the average base year combined fuel economy for vehicles with substantially similar attributes; and a United States flagged vessel. ; by inserting after paragraph
(2)the following: The term commercial truck means an on-highway vehicle with a gross vehicle weight rating of 10,000 pounds or more. ; and by adding at the end the following: The term United States flagged vessel means any vessel that has been issued a certificate of documentation under chapter 121 of title 46, United States Code. . Section 136(b) of such Act ( 42 U.S.C. 17013(b) ) is amended— in paragraph (1), by redesignating subparagraphs (A), (B), and
(C)as clauses (i), (ii), and (iii), respectively; by redesignating paragraphs
(1)and
(2)as subparagraphs
(A)and (B), respectively; in the matter preceding subparagraph (A), as redesignated— by striking The Secretary and inserting the following: The Secretary ; and by inserting commercial truck manufacturers, vessel manufacturers in the United States, after vehicle manufacturers ; and by adding at the end the following: The Secretary, through the Loan Programs Office, shall— accelerate efforts to engage sufficient engineering expertise to verify that borrowers under this section are delivering projects in accordance with applicable loan agreements; and develop sufficient and quantifiable performance measures to achieve the intent of the direct loan program established under subsection (d). . Section 136(d) of such Act ( 42 U.S.C. 17013(d) ) is amended by adding at the end the following: All the proceeds from the repayment of loans under this subsection shall be used by the Secretary of the Treasury to pay down the national debt. . Section 136(d) of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17013(d) ) shall be repealed on January 1, 2020. Any amount appropriated for loans pursuant to section 136(d) of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17013(d) ) that remains unobligated as of the date set forth in paragraph
(2)is rescinded and shall be used by the Secretary of the Treasury to pay down the national debt. Section 136(i) of such Act ( 42 U.S.C. 17013(i) ) is amended by striking 2008 through 2012 and inserting 2015 through 2020 .
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Sec. 2
Advanced Technology Vehicles Manufacturing Incentive Program
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