Sec. 2. Findings
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Congress finds that— additional measures are needed to further reduce United States and European dependence on Russia and other authoritarian petrostates while also saving money for people in the United States, protecting public health, and combating the climate crisis; over the past 5 years, the United States has, on average, imported approximately 500,000 barrels of oil per day from Russia; almost 40 percent, or 196,500 barrels per day, of Russian oil supplied to the United States can be replaced by swapping out the 5,300,000 residential oil heating devices in the United States with efficient electric heat pumps; in 2020, 104,000 heat pump water heaters were installed in the United States; in 2021, 3,900,000 air source heat pumps were installed in the United States; through the modified energy efficient appliance rebate program of the Department of Energy, the United States could provide midstream incentives and upstream incentives that support and increase manufacturing capacity and supply chain security for technologies that reduce fossil fuel demand and fuel costs, such as electric heat pumps and efficient electric appliances; $10,000,000,000 in midstream incentives and upstream incentives at $1,000 per unit for cold climate and $500 per unit for noncold climate would— help the manufacture of an additional 7,500,000 heat pumps in the United States; and lay the groundwork to bring down manufacturing and distribution costs in the medium and long term, thus transforming the heat pump marketplace; and combined with climate justice and clean energy investment, generation, and domestic manufacturing incentives, the incentives described in paragraph
(6)will provide additional support for national security, climate action, and consumer protection goals.