,,ii  #aacth ,,congress  #ast ,session  
,s4 #egj  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #ad1 #bjac   
,mr4 ,bennet introduced the following   
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to establish a competitive grant     
program in the ,department of ,energy to
 provide grants to ,states and units of 
local government to carry out clean     
energy and carbon reduction measures1 to
 close big oil company tax loopholes to 
pay for the competitive grant program   
and reduce the deficit1 and for other   
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,clean ,energy ,race
 to the ,top ,act of #bjac4  #b4        
,definitions ,in this ,act3  7#a7       
,eligible entity ,the term eligible     
entity means an entity described in     
section #c7;b74  7#b7 ,secretary ,the   
term ,secretary means the ,secretary of 
,energy4  #c4 ,clean energy grant       
program  7a7 ,in general ,there is      
established in the ,department of       

,energy a program to provide grants to  
eligible entities1 on a competitive     
basis1 to develop and carry out clean   
energy and carbon reduction measures1   
such as--  7#a7 renewable electricity   
standards2  7#b7 regional or statewide  
climate action plans2  7#c7 the use of  
hybrid1 electric1 compressed natural    
gas1 or fuel cell vehicles in ,state or 
local fleets2  7#d7 measures to increase
 the percentage of public buildings of  
the eligible entity that are certified  
with respect to standards for energy    
efficiency2  7#e7 participation in a    
regional greenhouse gas reduction       
program2  7#f7 facilitation of on-bill  
financing for energy efficiency         
improvements for residences and business
 served by rural coops2  7#g7 provision 
of ,state tax incentives for the        
manufacture or installation of clean    
energy components or energy efficiency  
upgrades2  7#h7 provision of innovative 
financing mechanisms to private sector  
entities to encourage the deployment of 

clean energy technologies2  7#i7        
implementation of best management       
practices for the public utility        
commission of an eligible entity2  7#aj7
 improvement and updating of grid       
technology2 and  7#aa7 implementation of
 carbon efficiency standards4  7b7      
,eligible entities ,to be eligible to   
receive a grant under this section1 a   
,state or unit of local government1 or a
 regional consortium comprised of       
,states or units of local governments1  
in partnership with private sector and  
nongovernmental organization partners1  
shall--  7#a7 meet any requirements     
established by the ,secretary under     
subsection 7e72 and  7#b7 submit an     
application to the ,secretary at such   
time1 in such form1 and containing such 
information as the ,secretary may       
require4  7c7 ,award ,the ,secretary    
shall determine which eligible entities 
shall receive grants and the amount of  
the grants provided based on--  7#a7 the
 information provided in an application 

submitted under subsection 7b77#b72 and 
7#b7 any criteria for reviewing and     
ranking applications developed by the   
,secretary by regulation under          
subsection 7e74  7d7 ,use of funds      
,grant funds provided under this section
 shall only be used for eligible uses   
specified by the ,secretary by          
regulation under subsection 7e74  7e7   
,regulations  7#a7 ,in general ,as soon 
as practicable after the date of        
enactment of this ,act1 the ,secretary  
shall issue regulations that establish  
criteria for grants under this section1 
including specifying the types of       
measures that are eligible for grants1  
establishing application criteria1 and  
developing a point system to assist the 
,secretary in reviewing and ranking     
grant applications4  7#b7               
,considerations ,in developing the      
regulations under paragraph 7#a71 the   
,secretary shall take into account--    
7,a7 regional disparities in the ways in
 which energy is produced and used2 and 

7,b7 the clean energy resource potential
 of the measures4  7f7 ,explanation ,as 
soon as practicable after the date of   
enactment of this ,act1 the ,secretary  
shall publish in the ,federal ,register 
an explanation of the manner by which   
grants awarded under subsection 7c7     
would ensure an objective evaluation    
based on the criteria regulations       
promulgated under subsection 7e77#a74   
#d4 ,authorization of appropriations    
,there is authorized to be appropriated 
to the ,secretary for fiscal year #bjad 
to carry out this ,act #e1jjj1jjj1jjj1  
to remain available until expended4  #e4
 ,cost offset for clean energy grant    
program1 and deficit reduction1         
resulting from reduction in deduction   
for major integrated oil companies for  
income attributable to domestic         
production of oil1 gas1 or primary      
products thereof  7a7 ,in general       
,subparagraph 7,a7 of section           
#aii7;d77#i7 of the ,internal ,revenue  
,code of #aihf is amended by inserting  

7#e percent in the case of a taxpayer   
which is a major integrated oil company 
7as defined in section                  
#afg7;h77#e77;,b777 after #c percent4   
7b7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after ,december #ca1    
#bjac4