,,ii #aae? ,,congress #a/ ,session ,s4 #baia ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #d1 #bjag ,mr4 ,nelson introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to promote inve/m5ts 9 r5ewable en]gy & consum] loans = resid5tial sol> en]gy sy/ems4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,gre5 ,bank+ ,act4 #b4 ,def9itions ,9 ?is ,act-- 7#a7 ! t]m jo9t resolution ( approval means only a jo9t resolution ( ei!r ,h\se ( ,congress-- 7,a7 ! title ( :i* is z foll[s3 ,approv+ ! p]man5t ext5sion ( section #c ( ! ,gre5 ,bank+ ,act relat+ to ! special all[ance = f9ancial in/itutions inve/+ 9 r5ewable en]gy companies42 & 7,b7 ! sole matt] aft] ! resolv+ clause ( :i* is ! foll[+ 3 ,congress approves ! p]man5t ext5sion ( section #c ( ! ,gre5 ,bank+ ,act effective z ( 41 ) ! blank space be+ fill$ ) a date t is n m ?an #be ye>s aft] ! date ( enactm5t ( ?is ,act2 & 7#b7 ! t]m qualifi$ r5ewable en]gy activities means-- 7,a7 ! production ( sol> en]gy sy/ems1 z def9$ 9 section #b7;a7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjc7;a771 9 ! ,unit$ ,/ates2 or 7,b7 ! production or /orage ( en]gy )9 ! ,unit$ ,/ates t is solely d]iv$ f-- 7i7 sol> radiation2 7ii7 w9d2 7iii7 ocean !rmal gradi5ts2 7iv7 ocean curr5ts & waves2 7v7 hydrop[]2 7vi7 ! photovoltaic effect 7z def9$ 9 section #c ( ! ,sol> ,photovoltaic ,en]gy ,rese>*1 ,developm5t1 & ,demon/ration ,act ( #aigh 7#db ,u4,s4,c4 #eehb772 7vii7 geo!rmal deposits 7z def9$ 9 section #fac7;e7 ( ! ,int]nal ,rev5ue ,code ( #aihf72 7viii7 biomass 7z def9$ 9 section #bjc ( ! ,biomass ,en]gy & ,alcohol ,fuels ,act ( #aihj 7#db ,u4,s4,c4 #hhjb772 or 7ix7 fusion 7z def9$ 9 section #c ( ! ,magnetic ,fusion ,en]gy ,eng9e]+ ,act ( #aihj 7#db ,u4,s4,c4 #icjb772 & 7,c7 does n include any activity t facilitates ! production1 use1 transmission1 or transportation ( en]gy d]iv$ f fossil fuels4 #c4 ,special all[ance = f9ancial in/itutions inve/+ 9 r5ewable en]gy companies 7a7 ,int]e/s 9 nonbank+ organizations 7#a7 ,9 g5]al ,section #d ( ! ,bank ,hold+ ,company ,act ( #aief 7#ab ,u4,s4,c4 #ahdc7 is am5d$-- 7,a7 9 subsection 7c7-- 7i7 9 p>agraph 7#ac71 by /rik+ or at ! end2 7ii7 by r$esignat+ p>agraph 7#ad7 z p>agraph 7#ae72 & 7iii7 by ins]t+ aft] p>agraph 7#ac7 ! foll[+3 7#ad7 %>es ( any company engag$ solely 9 qualifi$ r5ewable en]gy activities if su* %>es d n exce$ #bj p] c5tum ( ! out/&+ vot+ %>es ( su* company2 or 2 & 7,b7 9 subsection 7j7-- 7i7 9 p>agraph 7#a77;,a71 by ins]t+ 1 7c77#ad71 aft] 7c77#h72 7ii7 9 p>agraph 7#b71 by /rik+ subp>agraph 7,a7 & ins]t+ ! foll[+3 7,a7 ,crit]ia 7i7 ,9 g5]al ,9 connection ) a notice "u ?is subsection1 ! ,bo>d %all consid] :e!r p]=mance ( ! activity by a bank hold+ company or a subsidi>y ( su* company c reasonably be expect$ to produce b5efits to ! public1 su* z great] conv5i5ce1 increas$ competition1 or ga9s 9 effici5cy1 t outweigh possible adv]se effects1 su* z undue conc5tration ( res\rces1 decreas$ or unfair competition1 conflicts ( int]e/s1 uns\nd bank+ practices1 or risk to ! /ability ( ! ,unit$ ,/ates bank+ or f9ancial sy/em4 7ii7 ,additional crit]ia ,9 connection ) a notice relat$ to an exemption "u subsection 7c77#ad71 ! ,bo>d %all1 9 addition to ! crit]ia li/$ "u clause 7i71 consid] :e!r p]=mance ( ! activity by a bank hold+ company or a subsidi>y ( su* company c reasonably be expect$ to produce a positive outcome = environm5tal protection1 ecological su/a9ability1 or te*nology advancem5t4 2 7iii7 9 p>agraph 7#d7-- 7,i7 9 subp>agraph 7,c77i71 by ins]t+ or 7c77#ad7 aft] 7c77#h72 & 7,,ii7 9 subp>agraph 7,d77i71 by ins]t+ 7det]m9$ )\t reg>d to #ej p]c5t ( ! value ( any asset acquir$ "u subsection 7c77#ad77 be=e ! p]iod at ! end2 & 7iv7 9 p>agraph 7#e77;,a71 by ins]t+ or 7c77#ad7 aft] 7c77#h74 7#b7 ,te*nical & con=m+ am5dm5t ,section #bjf ( ! ,bank ,export ,s]vices ,act 7#ab ,u4,s4,c4 #fce;a-#d7 is am5d$1 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ section #d7;c77#ad77;,f77i7 & ins]t+ section #d7;c77#ae77;,f77i74 7#c7 ,sunset ,! am5dm5ts made "u ?is section %all n apply aft] ! date t is #cj ye>s aft] ! date ( enactm5t ( ?is ,act unless ,congress enacts a jo9t resolution ( approval4 #d4 ,und]writ+ /&>ds = resid5tial sol> ,section #acce ( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial ,safety & ,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4 #defe7;b77 is am5d$-- 7#a7 9 subsection 7b7-- 7,a7 p>agraph 7#c71 9 ! matt] foll[+ subp>agraph 7,b71 by /rik+ & at ! end2 7,b7 9 p>agraph 7#d71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7#e7 develop appropriate & prud5t und]writ+ guidel9es relat+ to f9anc+ = resid5tial sol> en]gy sy/ems1 z def9$ 9 section #b7;a7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjc7;a771 to facilitate ! second>y m>ket = mortgages on h\s+ ) su* sy/ems = l[- & mod]ate-income h\seholds1 includ+ sy/ems n own$ by ! mortgagor b subject to lease1 p[] pur*ase1 or o!r contractual t]ms4 2 & 7#b7 by add+ at ! end ! foll[+3 7e7 ,report to ,congress 7#a7 ,review 7,a7 ,9 g5]al ,! ,director %all conduct a review to id5tify ways to increase ! f9anc+ = resid5tial sol> en]gy sy/em prop]ty improvem5ts 9 und]s]v$ m>kets1 includ+ exam9+ curr5t ob/acles to su* f9anc+4 7,b7 ,consultation ,9 conduct+ ! review "u subp>agraph 7,a71 ! ,director %all solicit ! views (1 & consult )-- 7i7 ,f$]al ag5cies support+ h\s+ f9ance & f9ancial m>kets2 7ii7 repres5tatives ( ,/ate f9ancial regulators2 & 7iii7 appropriate ,f$]al & ,/ate en]gy ag5cies4 7#b7 ,report ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is subsection1 ! ,director %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report )-- 7,a7 ! results ( ! review conduct$ "u p>agraph 7#a72 & 7,b7 any legislative recomm5dations to promote great] use ( resid5tial sol> en]gy sy/ems4 4