S. 137 would create jobs and reduce the dependence of the United States on foreign and unsustainable energy sources by promoting the production of green energy.
Detailed Summary
Green Energy Production Act of 2009 - Establishes in the Department of Energy (DOE) the Green Technology Investment Corporation to allocate funds, provide grants, and carry out programs for all phases of technology commercialization. Requires the Corporation to establish: (1) ) a green redevelopment, opportunity, and workforce (GROW) grant program (2) a green energy technology internship program; and (3) a green energy technology apprenticeship program.
Establishes in the Treasury the Green Technology Investment Fund to provide grants, loans, and assistance under this Act.
Sets forth criteria for project eligibility and priority and applicant eligibility for grants, loans, and assistance under this Act.
Status of the Legislation
Latest Major Action: 1/6/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on Energy and Natural Resources.
Points in Favor
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