Summary: S.2829 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for S.2829. Bill summaries are authored by CRS.

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Introduced in Senate (05/17/2006)

Clean Energy Development for a Growing Economy Act of 2006, or the Clean EDGE Act of 2006 - Instructs the President to develop measures to reduce U.S. dependence on foreign petroleum imports by reducing petroleum in end-uses.

Amends the Internal Revenue Code to modify or create specified alternative fuel, vehicle, and energy tax credits.

Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a low-interest loan program for farmer-owned retail delivery of alternative fuels.

Amends the Clean Air Act to authorize the President to promulgate rules to increase renewable fuel content of motor fuels and clean energy sources.

Directs the Secretary of Transportation to develop Transit-Oriented Development Corridors.

Declares that it is unlawful to sell crude oil, gasoline, or petroleum distillates at a price exceeding certain standards.

Amends the Clayton Act to declare unlawful for any person to refuse to engage in certain regular petroleum or natural gas marketing practices with the primary intention of increasing prices or creating a market shortage.

Oil and Gas Traders Oversight Act of 2006 - Amends the Commodity Exchange Act to instruct the Commodities Futures Trading Commission to promulgate rules governing reporting and recordkeeping for positions involving energy commodities.

Amends the Food Stamp Act of 1977 and the United States Housing Act of 1937 regarding utility costs.

Amends the Small Business Act and the Consolidated Farm and Rural Development Act to authorize the Administrator of the Small Business Administration and the Secretary of Agriculture, respectively, to make loans to small business concerns injured by significant increases in gas and heating oil prices.

Prescribes specified measures to realize improved vehicle fuel economy.

Amends the Public Utility Regulatory Policies Act of 1978, the Energy Policy Act of 1992, and the Energy Policy Act of 2005 with respect to federal agency purchases of renewable energy products.

Establishes the Clean Energy Security Collaborative.

Instructs the Secretary of Transportation to establish the National Motor Vehicle Efficiency Improvement Program.

Amends the Global Environmental Protection Assistance Act of 1989 to direct the President to establish a Task Force on International Clean Energy Cooperation.

Establishes the Interagency Center in the Office of International Energy Market Development of the Department of Energy.

Provides for clean energy assistance to developing countries.

Instructs the Secretary of Energy to establish the Office of Advanced Energy Research, Technology Development, and Deployment.

Prescribes guidelines for a near-term vehicle technology program.

H-Prize Act of 2006 - Directs the Secretary of Energy to award competitive cash prizes biennially to advance hydrogen energy technologies.

Expresses the sense of Congress that no tax should be imposed on hydrogen fuel before January 1, 2014.

Authorizes the Secretary of Education to award grants to postsecondary educational institutions to train 10,000 individuals in green building and zero-energy home design and construction.

Establishes the Clean Energy Investment Administration (CEIA).

Amends the Energy Policy and Conservation Act to direct Secretary of Energy to establish a Strategic Gasoline and Fuel Reserve.

Establishes the Strategic Gasoline and Fuel Reserve Fund.

Amends the Internal Revenue Code to eliminate certain tax incentives for major integrated oil companies.

Amends the Energy Policy Act of 2005 to repeal certain oil and gas royalty provisions.