,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #diaf  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ai1 #bjad ,ms4
 ,schwartz 7for herself1 ,mr4 ,crowley1 
,mr4 ,gibson1 ,mr4 ,king of ,new ,york1 
and ,mr4 ,neal7 introduced the following
 bill2 which was referred to the        
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to modify the energy    
credit to provide greater incentives for
 industrial energy efficiency4  #a4     
,short title ,this ,act may be cited as 
the ,power ,efficiency and ,resiliency  
,act or as the ,,power ,act4  #b4       
,modifications in credit for combined   
heat and power system property  7a7     
,increased energy percentage ,clause 7i7
 of section #dh7;a77#b77;,a7 of the     
,internal ,revenue ,code of #aihf is    
amended by striking and at the end of   
subclause 7,,iii71 by redesignating     
subclause 7,,iv7 as subclause 7,v71 and 
by inserting after subclause 7,,iii7 the
 following new subclause3  7,,iv7 energy

 property described in paragraph        
7#c77;,a77v71 and  4  7b7 ,modification 
of certain capacity limitations ,section
 #dh7;c77#c77;,b7 of such ,code is      
amended--  7#a7 by striking #ae         
megawatts in clause 7ii7 and inserting  
#be megawatts1  7#b7 by striking #bj1jjj
 horsepower in clause 7ii7 and inserting
 #cd1jjj horsepower1 and  7#c7 by       
striking clause 7iii74  7c7 ,extension  
of credit for combined heat and power   
system property ,section                
#dh7;c77#c77;,a77iv7 of such ,code is   
amended by striking ,january #a1 #bjag  
and inserting ,january #a1 #bjai4  7d7  
,effective date  7#a7 ,in general       
,except as provided in paragraph 7#b71  
the amendments made by this section     
shall apply to periods after the date of
 the enactment of this ,act1 under rules
 similar to the rules of section #dh7m7 
of the ,internal ,revenue ,code of #aihf
 7as in effect on the day before the    
date of the enactment of the ,revenue   
,reconciliation ,act of #aiij74  7#b7   

,extension of credit ,the amendments    
made by subsection 7c7 shall apply to   
property placed in service after        
,december #ca1 #bjaf4  #c4 ,energy      
credit for waste heat to power property 
7a7 ,in general ,subparagraph 7,a7 of   
section #dh7;a77#c7 of the ,internal    
,revenue ,code of #aihf is amended by   
striking or at the end of clause 7vi71  
by inserting or at the end of clause    
7vii71 and by adding at the end the     
following new clause3  7viii7 waste heat
 to power property1  4  7b7 ,waste heat 
,to power property ,subsection 7c7 of   
section #dh of such ,code is amended by 
adding at the end the following new     
paragraph3  7#e7 ,waste heat to power   
property  7,a7 ,waste heat to power     
property ,the term waste heat to power  
property means property comprising a    
system which generates electricity      
through the recovery of a qualified     
waste heat resource4  7,b7 ,qualified   
waste heat resource defined ,the term   
qualified waste heat resource means--   

7i7 exhaust heat or flared gas from any 
industrial process1  7ii7 waste gas or  
industrial tail gas that would otherwise
 be flared1 incinerated1 or vented1     
7iii7 a pressure drop in any gas for an 
industrial or commercial process1 or    
7iv7 such other forms of waste heat     
resources as the ,secretary may         
determine4  7,c7 ,exception ,the term   
qualified waste heat resource does not  
include any heat resource from a process
 whose primary purpose is the generation
 of electricity utilizing a fossil fuel4
  7,d7 ,termination ,the term waste heat
 to power property shall not include any
 property placed in service after       
,december #ca1 #bjah4  4  7c7 ,increased
 energy percentage ,clause 7i7 of       
section #dh7;a77#b77;,a7 of such ,code  
is amended by inserting after the new   
subclause 7,v7 the following new        
subclause3  7,,vi7 energy property      
described in paragraph 7#c77;,a77viii71 
and  4  7d7 ,effective date ,the        
amendments made by this section shall   

apply to periods after the date of the  
enactment of this ,act1 under rules     
similar to the rules of section #dh7m7  
of the ,internal ,revenue ,code of #aihf
 7as in effect on the day before the    
date of the enactment of the ,revenue   
,reconciliation ,act of #aiij74