Republican American Energy Act (alternative energy) VIDEO TEXT

The American Energy Solutions Group (AESG) and House Republican Leadership promoted their alternative to the energy bill passed by the House Energy & Commerce Committee on May 21. GOP House members call the bill's carbon emissions "cap-and-trade" program a "national energy tax."

The American Energy Act, An “All-of-the-Above” Solution for Energy Independence

• Increase production of American-made energy in an environmentally-sound manner.
• Promote new, clean and renewable sources of energy such as nuclear, clean-coal-technology, wind and solar energy.
• Encourage greater efficiency and conservation by extending tax incentives for energy efficiency and rewarding development of greater conservation techniques and new energy sources.
• Cut red-tape and reduce frivolous litigation.

The American Energy Act is an “all-of-the-above” solution that offers more affordable energy, more well-paying jobs, energy independence, and a cleaner environment.

New and Expanded Technologies: The bill creates a Renewable and Alternative Energy Trust Fund to provide funding for energy programs authorized by federal law, such as biomass, hydroelectric, clean coal, solar, wind, geothermal and other forms of renewable energy. The fund will encourage the development of renewable, alternative and unconventional fuels, and new energy sources, using receipts from the new federal and oil gas leasing in the Arctic Coastal Plain and the Outer Continental Shelf (OCS).

Alternative Fuels: The bill spurs the development of America’s alternative fuels by repealing the “Section 526” prohibition on government purchasing fuels derived from sources such as oil shale, tar sands and coal-to liquid technology. The bill also encourages the use of clean coal-to-liquid technology by allowing federal agencies to enter into long-term contracts to buy coal-derived fuel and by authorizing the Secretary of Energy to enter into loan agreements with coal-to-liquid projects.

Tax Provisions for New and Expanding Technology: The bill encourages new and expanding energy technologies by making permanent tax credits for the production of renewable electricity, like wind, solar, and biomass. The bill also makes permanent investment tax credits for solar energy and for fuel cell properties and extends the biodiesel and renewable diesel tax credits.

American Energy Act IN PDF Format:

• FULL BILL TEXT
• 2 PAGE SUMMARY
• FULL SUMMARY