Sec. 2. Definitions
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In this Act— the term joint resolution of approval means only a joint resolution of either House of Congress— the title of which is as follows: Approving the permanent extension of section 3 of the Green Banking Act relating to the special allowance for financial institutions investing in renewable energy companies. ; and the sole matter after the resolving clause of which is the following : Congress approves the permanent extension of section 3 of the Green Banking Act effective as of ________. , with the blank space being filled with a date that is not more than 25 years after the date of enactment of this Act; and the term qualified renewable energy activities means— the production of solar energy systems, as defined in section 2(a) of the National Housing Act ( 12 U.S.C. 1703(a) ), in the United States; or the production or storage of energy within the United States that is solely derived from— solar radiation; wind; ocean thermal gradients; ocean currents and waves; hydropower; the photovoltaic effect (as defined in section 3 of the Solar Photovoltaic Energy Research, Development, and Demonstration Act of 1978 ( 42 U.S.C. 5582 )); geothermal deposits (as defined in section 613(e) of the Internal Revenue Code of 1986); biomass (as defined in section 203 of the Biomass Energy and Alcohol Fuels Act of 1980 ( 42 U.S.C. 8802 )); or fusion (as defined in section 3 of the Magnetic Fusion Energy Engineering Act of 1980 ( 42 U.S.C. 9302 )); and does not include any activity that facilitates the production, use, transmission, or transportation of energy derived from fossil fuels.
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- 42 USC 5582
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