Sec. 6512. Advanced technology vehicles manufacturing incentive program
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Section 136 of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17013 ) is amended— in subsection (a)— in paragraph (1)— by redesignating subparagraphs
(A)through
(C)as clauses
(i)through (iii), respectively, and indenting appropriately; by striking
(1)and all that follows through Advanced technology vehicle .— meets— and inserting the following: The term advanced technology vehicle means— an ultra efficient vehicle; a light-duty vehicle or medium-duty passenger vehicle that— ; in subparagraph (B)(i) (as so redesignated), by striking the Bin 5 Tier II and inserting meets the Bin 160 Tier III ; in subparagraph (B)(ii) (as so redesignated), by inserting meets before any new ; by amending subparagraph (B)(iii) (as so redesignated) to read as follows: for vehicles produced in model years 2021 through 2025, meets the applicable regulatory standards for emissions of greenhouse gases for model year 2021 through 2025 vehicles promulgated by the Administrator of the Environmental Protection Agency on October 15, 2012 (77 Fed. Reg. 62624); or emits zero emissions of greenhouse gases; or ; and by adding at the end the following: a heavy-duty vehicle (excluding a medium-duty passenger vehicle) that— complies early with and demonstrates achievement below the applicable regulatory standards for emissions of greenhouse gases for model year 2027 vehicles promulgated by the Administrator on October 25, 2016 (81 Fed. Reg. 73478); or emits zero emissions of greenhouse gases. ; by striking paragraph
(2)and redesignating paragraph
(3)as paragraph (2); by striking paragraph
(4)and inserting the following: The term qualifying component means a material, technology, component, system, or subsystem in an advanced technology vehicle, including an ultra-efficient component. The term ultra-efficient component means a component of an ultra efficient vehicle, including— fuel cell technology; battery technology, including a battery cell, battery, battery management system, or thermal control system; an automotive semiconductor or computer; an electric motor, axle, or component; and an advanced lightweight, high-strength, or high-performance material. ; and in paragraph (5)— in subparagraph (B), by striking or at the end; in subparagraph (C), by striking the period at the end and inserting ; or ; and by adding at the end the following: at least 75 miles per gallon equivalent while operating as a hydrogen fuel cell electric vehicle. ; by amending subsection
(b)to read as follows: The Secretary shall provide facility funding awards under this section to advanced technology vehicle manufacturers and component suppliers to pay not more than 50 percent of the cost of— reequipping, expanding, or establishing a manufacturing facility in the United States to produce— advanced technology vehicles; or qualifying components; and engineering integration performed in the United States of advanced technology vehicles and qualifying components. Notwithstanding paragraph (1), a facility funding award under such paragraph may pay not more than 80 percent of the cost of a project to reequip, expand, or establish a manufacturing facility in the United States to produce ultra-efficient components. ; in subsection (c), by striking 2020 and inserting 2030 each place it appears; in subsection (d)— by amending paragraph
(2)to read as follows: An applicant for a loan under this subsection shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require, including— a written assurance that— all laborers and mechanics employed by contractors or subcontractors during construction, alteration, or repair, or at any manufacturing operation, that is financed, in whole or in part, by a loan under this section shall be paid wages at rates not less than those prevailing in a similar firm or on similar construction in the locality, as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code; and the Secretary of Labor shall, with respect to the labor standards described in this paragraph, have the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) and section 3145 of title 40, United States Code; a disclosure of whether there has been any administrative merits determination, arbitral award or decision, or civil judgment, as defined in guidance issued by the Secretary of Labor, rendered against the applicant in the preceding 3 years for violations of applicable labor, employment, civil rights, or health and safety laws; specific information regarding the actions the applicant will take to demonstrate compliance with, and where possible exceedance of, requirements under applicable labor, employment, civil rights, and health and safety laws, and actions the applicant will take to ensure that its direct suppliers demonstrate compliance with applicable labor, employment, civil rights, and health and safety laws; and an estimate and description of the jobs and types of jobs to be retained or created by the project and the specific actions the applicant will take to increase employment and retention of dislocated workers, veterans, individuals from low-income communities, women, minorities, and other groups underrepresented in manufacturing, and individuals with a barrier to employment. ; by amending paragraph
(3)to read as follows: The Secretary shall select eligible projects to receive loans under this subsection in cases in which the Secretary determines— the loan recipient— has a reasonable prospect of repaying the principal and interest on the loan; will provide sufficient information to the Secretary for the Secretary to ensure that the qualified investment is expended efficiently and effectively; and has met such other criteria as may be established and published by the Secretary; and the amount of the loan (when combined with amounts available to the loan recipient from other sources) will be sufficient to carry out the project. ; and in paragraph (4)— in subparagraph (B)(i), by striking ; and and inserting ; or ; in subparagraph (C), by striking ; and and inserting a semicolon; in subparagraph (D), by striking the period at the end and inserting ; and ; and by adding at the end the following: shall be subject to the condition that the loan is not subordinate to other financing. ; by amending subsection
(e)to read as follows: Not later than 6 months after the date of enactment of the Clean Economy Jobs and Innovation Act , the Secretary shall issue a final rule establishing regulations to carry out this section. ; by amending subsection
(f)to read as follows: The Secretary shall charge and collect fees for loans under this section in amounts the Secretary determines are sufficient to cover applicable administrative expenses (including any costs associated with third-party consultants engaged by the Secretary), which may not exceed $100,000 or 10 basis points of the loan and may not be collected prior to financial closing. ; by amending subsection
(g)to read as follows: The Secretary shall, in making awards or loans to those manufacturers that have existing facilities (which may be idle), give priority to those facilities that are or would be— oldest or in existence for at least 20 years; recently closed, or at risk of closure; utilized primarily for the manufacture of medium-duty passenger vehicles or other heavy-duty vehicles that emit zero greenhouse gas emissions; or utilized primarily for the manufacture of ultra-efficient components. ; in subsection (h)— in the header, by striking and inserting automobile ; and advanced technology vehicle in paragraph (1)(B), by striking automobiles, or components of automobiles and inserting advanced technology vehicles, or components of advanced technology vehicles ; by striking subsection
(i)and redesignating subsection
(j)as subsection (i); and by adding at the end the following: In carrying out this section, the Secretary shall coordinate with relevant vehicle, bioenergy, and hydrogen and fuel cell demonstration project activities supported by the Department. In carrying out this section, the Secretary shall— provide assistance with the completion of applications for awards or loans under this section; and conduct outreach, including through conferences and online programs, to disseminate information on awards and loans under this section to potential applicants. Not later than 2 years after the date of the enactment of this subsection, and every 3 years thereafter, the Secretary shall submit to Congress a report on the status of projects supported by a loan under this section, including— a list of projects receiving a loan under this section, including the loan amount and construction status of each such project; the status of each project’s loan repayment, including future repayment projections; data regarding the number of direct and indirect jobs retained, restored, or created by financed projects; the number of new projects projected to receive a loan under this section in the next 2 years and the aggregate loan amount; and any other metrics the Secretary finds appropriate. There are authorized to be appropriated to carry out this section— $10,000,000 for each of fiscal years 2021 through 2025 to administer this section; and $10,000,000 for fiscal year 2021, to remain available until expended, for administrative costs associated with loans under this section that are not covered by fees collected under subsection (f). .
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- 77 FR 62624
- 81 FR 73478
- 64 Stat. 1267
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Sec. 6512
Advanced technology vehicles manufacturing incentive program
Fed. Reg.77 FR 62624
Fed. Reg.81 FR 73478
Stat.64 Stat. 1267
Cites 4Cited by 0 across 0 sources