3. JOINT EXPLANATORY STATEMENT OF THE COMMITTEE OF CONFERENCE ON S. 932 JOINT EXPLANATORY STATEMENT OF THE The managers on the part of the House and the Senate at the conference on the disagreeing votes of the two Houses on the amendments of the Senate to the amendments of the House to the bill (S. 932) to extend the Defense Production Act of 1950, as amended, submit the following joint statement to the House and the Senate in explanation of the effect of the action agreed upon by the managers and recommended in the accompanying conference report: The House amendment to the text of the bill struck out all of the Senate bill after the enacting clause and inserted a substitute text. The Senate amendment to the House amendment struck out all of the House amendment and inserted a substitute text. The House recedes from its disagreement to the amendment of the Senate with an amendment which is a substitute for the Senate amendment and the House amendment. The differences between the Senate amendment, the House amendment, and the substitute agreed to in conference are noted below, except for clerical corrections, conforming changes made necessary by agreements reached by the conferees, and minor drafting and clarifying changes. SHORT TITLE This Act may be cited as the "Energy Security Act". The Act is divided into eight titles, which are reflected in the Table of Contents, as follows: TITLE I-SYNTHETIC FUEL Sec. 100. Findings and purpose. PART A-DEVELOPMENT OF SYNTHETIC FUEL UNDER THE DEFENSE PRODUCTION ACT OF 1950 Sec. 101. Short title. Sec. 102. Declaration of policy. Sec. 103. Restriction on rationing. Sec. 104. Expansion of productive capacity and supply. Sec. 105. General provisions. Sec. 106. Reports. Sec. 107. Effective date. PART B-UNITED STATES SYNTHETIC FUELS CORPORATION SUBTITLE A-GENERAL PROVISIONS Sec. 111. Short title. Sec. 112. General definitions. Sec. 113. Effective date. SUBTITLE B-ESTABLISHMENT OF CORPORATION Sec. 115. Establishment. Sec. 116. Board of Directors. Sec. 117. Officers and employees. Sec. 118. Conflicts of interest and financial disclosure. Sec. 120. Authorization of administrative expenses. Sec. 122. Inspector General. Sec. 123. Advisory Committee. SUBTITLE C-PRODUCTION GOAL OF THE CORPORATION Sec. 125. National synthetic fuel production goal. Sec. 127. Solicitation of proposals. Sec. 128. Congressional disapproval procedure. SUBTITLE D-FINANCIAL ASSISTANCE Sec. 131. Authorization of financial assistance. Sec. 133. Loan guarantees made by the Corporation. Sec. 137. Control of assets. Sec. 138. Unlawful contracts. Sec. 139. Fees. Sec. 140. Disposition of securities. SUBTITLE E-CORPORATION CONSTRUCTION PROJECTS Sec. 141. Corporation construction and contractor operation. Sec. 144. Project reports. Sec. 145. Financial records. SUBTITLE F-CAPITALIZATION AND FINANCE Sec. 151. Obligations of the Corporation. Sec. 152. Limitations on total amount of obligational authority. Sec. 153. Budgetary treatment. Sec. 154. Receipts of the Corporation. Sec. 155. Tax status. SUBTITLE G-UNLAWFUL ACTS, PENALTIES, AND SUITS AGAINST THE CORPORATION Sec. 161. False statements. Sec. 162. Forgery. Sec. 163. Misappropriation of funds and unauthorized activities. Sec. 174. Small and disadvantaged business utilization. Sec. 176. Severability. Sec. 177. Fiscal year, audits and reports. Sec. 178. Water rights. Sec. 179. Western hemisphere projects. Se 10. Completion guarantee study. SUBTITLE I-DISPOSAL OF ASSETS Sec. 181. Tangible assets. Sec. 182. Disposal of other assets. SUBTITLE J-TERMINATION OF CORPORATION Sec. 191. Date of termination. Sec. 192. Termination of the Corporation's affairs. Sec. 193. Transfer of powers to Department of the Treasury. SUBTITLE K-DEPARTMENT OF THE TREASURY Sec. 195. Authorizations. TITLE II-BIOMASS ENERGY AND ALCOHOL FUELS Sec. 201. Short title. Sec. 202. Findings. Sec. 203. Definitions. Sec. 204. Funding for subtitles A and B. Sec. 205. Coordination with other authorities and programs. SUBTITLE A-GENERAL BIOMASS ENERGY DEVELOPMENT Sec. 211. Biomass Energy Development Plans. Sec. 212. Program responsibility and administration; effect on other programs. Sec. 213. Insured loans. Sec. 214. Loan guarantees. Sec. 215. Price guarantees. Sec. 216. Purchase agreements. Sec. 217. General requirements regarding financial assistance. Sec. 218. Reports. Sec. 219. Review; reorganization. Sec. 220. Establishment of Office of Alcohol Fuels in Department of Energy. SUBTITLE B-MUNICIPAL WASTE BIOMASS ENERGY Sec. 231. Municipal waste energy development plan. Sec. 232. Construction loans. Sec. 233. Guaranteed construction loans. Sec. 234. Price support loans and price guarantees. Sec. 235. General requirements regarding financial assistance. Sec. 236. Financial assistance program administration. Sec. 237. Commercialization demonstration program pursuant to Federal Nonnuclear Energy Research and Development Act of 1974. Sec. 238. Jurisdiction of Department of Energy and Environmental Protection Agency. Sec. 239. Establishment of Office of Energy From Municipal Waste in Department of Energy. Sec. 240. Termination. SUBTITLE C-RURAL, AGRICULTURAL, AND FORESTRY BIOMASS ENERGY Sec. 251. Model demonstration biomass energy facilities. Sec. 252. Biomass energy research and demonstration projects. Sec. 253. Applied research regarding energy conservation and biomass energy production and use. Sec. 254. Forestry energy research. Sec. 255. Biomass energy educational and technical assistance. Sec. 256. Rural energy extension work. Sec. 257. Coordination of research and extension activities. Sec. 258. Lending for energy production and conservation projects by production credit associations, Federal land banks, and banks for cooperatives. Sec. 259. Agricultural conservation program; energy conservation cost sharing. Sec. 117. Officers and employees. Sec. 118. Conflicts of interest and financial disclosure. Sec. 120. Authorization of administrative expenses. Sec. 121. Public access to information. Sec. 122. Inspector General. Sec. 123. Advisory Committee. SUBTITLE C-PRODUCTION GOAL OF THE CORPORATION Sec. 125. National synthetic fuel production goal. Sec. 127. Solicitation of proposals. Sec. 128. Congressional disapproval procedure. SUBTITLE D-FINANCIAL ASSISTANCE Sec. 131. Authorization of financial assistance. Sec. 132. Loans made by the Corporation. Sec. 133. Loan guarantees made by the Corporation. Sec. 134. Price guarantees made by the Corporation. Sec. 135. Purchase agreements made by the Corporation. Sec. 137. Control of assets. Sec. 138. Unlawful contracts. Sec. 139. Fees. Sec. 140. Disposition of securities. SUBTITLE E-CORPORATION CONSTRUCTION PROJECTS Sec. 141. Corporation construction and contractor operation. Sec. 144. Project reports. Sec. 145. Financial records. SUBTITLE F-CAPITALIZATION AND FINANCE Sec. 151. Obligations of the Corporation. Sec. 152. Limitations on total amount of obligational authority. Sec. 153. Budgetary treatment. Sec. 154. Receipts of the Corporation. Sec. 155. Tax status. SUBTITLE G-UNLAWFUL ACTS, PENALTIES, AND SUITS AGAINST THE CORPORATION Sec. 161. False statements. Sec. 162. Forgery. Sec. 163. Misappropriation of funds and unauthorized activities. Sec. 174. Small and disadvantaged business utilization. Sec. 176. Severability. Sec. 177. Fiscal year, audits and reports. Sec. 178. Water rights. 179. Western hemisphere projects. 10. Completion guarantee study. Part 2-Secondary Financing Sec. 531. Authority of solar energy and energy conservation bank to purchase loans and advances of credit for residential energy conserving improvements or solar energy systems. Sec. 532. Authority of solar energy and energy conservation bank to purchase mortgages secured by newly constructed homes with solar energy systems. Sec. 533. Repeal. Sec. 534. Secondary financing by Federal Home Loan Mortgage Corporation and by Federal National Mortgage Association. Sec. 541. Definitions. SUBTITLE B-UTILITY PROGRAM Sec. 542. State list of suppliers and contractors-required warranty. Sec. 543. State list of financial institutions. Sec. 544. Treatment of utility costs. Sec. 545. Tax treatment. Sec. 546. Supply, installation, and financing by public utilities. Sec. 547. Authority to monitor and terminate supply installation, and financing by utilities. Sec. 548. Unfair competitive practices. Sec. 549. Effective date. Sec. 550. Relationship to other laws. SUBTITLE C-RESIDENTIAL ENERGY EFFICIENCY PROGRAM Sec. 561. Purpose. Sec. 562. Amendment to the National Energy Conservation Policy Act. SUBTITLE D-ENERGY CONSERVATION FOR COMMERCIAL BUILDINGS AND Sec. 565. Amendment to the National Energy Conservation Policy Act. SUBTITLE E-WEATHERIZATION PROGRAM Sec. 571. Limitations on administrative expenditures. Sec. 572. Expenditures for labor. Sec. 573. Selection of local agencies. Sec. 574. Standards and procedures for the weatherization program. Sec. 576. Authorization of appropriations. Sec. 577. Technical amendments. SUBTITLE F-ENERGY AUDITOR TRAINING AND CERTIFICATION Sec. 581. Purpose. Sec. 582. Definitions. Sec. 583. Grants. Sec. 584. Authorization of appropriations. SUBTITLE G-INDUSTRIAL ENERGY CONSERVATION Sec. 591. Authorization of appropriations. SUBTITLE H-COORDINATION OF FEDERAL ENERGY CONSERVATION FACTORS AND DATA Sec. 595. Consensus on factors and data for energy conservation standards. Sec. 596. Use of factors and data. Sec. 597. Report. Sec. 601. Short title. Sec. 602. Findings. TITLE VI-GEOTHERMAL ENERGY |