,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dadd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #d1 #bjbb,mr4     
,m>key 7= himself1 ,ms4 ,w>r51 ,mr4     
,s&]s1 ,mr4 ,book]1 & ,ms4 ,smi?7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,en]gy   
,policy ,act ( #bjje to e/abli% an en]gy
 effici5t appliance rebate program to   
provide rebates = ! manufactur+1        
di/ribution1 & %ipm5t ( c]ta9 build+    
electrification products1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,in/all+ ,clean ,effici5t  
,en]gy ,ha/5s ,our ,transition ,act (   
#bjbb or ! ,,icee ,,hot ,act ( #bjbb4   
#b4 ,f9d+s ,congress f9ds t-- 7#a7      
additional measures are ne$$ to fur!r   
r$uce ,unit$ ,/ates & ,european dep5d5ce
 on ,russia & o!r au?orit>ian petro/ates
 :ile also sav+ money = p 9 ! ,unit$    
,/ates1 protect+ public heal?1 & combat+
 ! climate crisis2  7#b7 ov] ! pa/ #e   
ye>s1 ! ,unit$ ,/ates has1 on av]age1   

import$ approximately #ejj1jjj b>rels ( 
oil p] day f ,russia2  7#c7 almo/ #dj   
p]c5t1 or #aif1ejj b>rels p] day1 (     
,russian oil suppli$ to ! ,unit$ ,/ates 
c be replac$ by swapp+ out ! #e1cjj1jjj 
resid5tial oil heat+ devices 9 ! ,unit$ 
,/ates ) effici5t electric heat pumps2  
7#d7 9 #bjbj1 #ajd1jjj heat pump wat]   
heat]s 7 in/all$ 9 ! ,unit$ ,/ates2     
7#e7 9 #bjba1 #c1ijj1jjj air s\rce heat 
pumps 7 in/all$ 9 ! ,unit$ ,/ates2  7#f7
 ?r\gh ! modifi$ en]gy effici5t         
appliance rebate program ( ! ,dep>tm5t (
 ,en]gy1 ! ,unit$ ,/ates c\ld provide   
mid/ream inc5tives & up/ream inc5tives t
 support & increase manufactur+ capacity
 & supply *a9 security = te*nologies t  
r$uce fossil fuel dem& & fuel co/s1 su* 
z electric heat pumps & effici5t        
electric appliances2  7#g7              
#aj1jjj1jjj1jjj 9 mid/ream inc5tives &  
up/ream inc5tives at #a1jjj p] unit =   
cold climate & #ejj p] unit = noncold   
climate w\ld-- 7,a7 help ! manufacture (
 an additional #g1ejj1jjj heat pumps 9 !

 ,unit$ ,/ates2 &  7,b7 lay ! gr\ndwork 
to br+ d[n manufactur+ & di/ribution    
co/s 9 ! m$ium & long t]m1 ?us trans=m+ 
! heat pump m>ketplace2 &  7#h7 comb9$ )
 climate ju/ice & clean en]gy inve/m5t1 
g5]ation1 & dome/ic manufactur+         
inc5tives1 ! inc5tives describ$ 9       
p>agraph 7#f7 w provide additional      
support = national security1 climate    
action1 & consum] protection goals4  #c4
 ,en]gy effici5t appliance rebate       
program  7a7 ,def9itions ,section       
#abd7;a7 ( ! ,en]gy ,policy ,act ( #bjje
 7#db ,u4,s4,c4 #aehba7;a77 is am5d$--  
7#a7 by r$esignat+ p>agraphs 7#a7 ?r\gh 
7#e7 z p>agraphs 7#g71 7#h71 7#ac71     
7#ae71 & 7#af71 respectively2  7#b7 by  
ins]t+ be=e p>agraph 7#g7 7z s          
r$esignat$7 ! foll[+3  7#a7             
,disadvantag$ bus9ess ,! t]m            
disadvantag$ bus9ess means a di/ributor 
or orig9al equipm5t manufactur] t is a  
small bus9ess p>ticipat+ 9 ! m9ority    
small bus9ess & capital own]%ip         
developm5t program ( ! ,small ,bus9ess  

,adm9i/ration pursuant to section #h7;a7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fcg7;a77 7commonly kn[n z ! #h7;a7    
program74  7#b7 ,disadvantag$ individual
 ,! t]m disadvantag$ individual means-- 
7,a7 a ,black ,am]ican1 ,hispanic       
,am]ican1 ,native ,am]ican1 ,asian      
,pacific ,am]ican1 any o!r m9ority1 or  
any o!r individual f\nd to be           
disadvantag$ by ! ,small ,bus9ess       
,adm9i/ration pursuant to section #h7;a7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fcg7;a772 &  7,b7 a woman4  7#c7      
,di/ributor ,! t]m di/ributor means a   
p]son to :i* an eligible build+         
electrification product is deliv]$ or   
sold = purposes ( di/ribution 9 comm]ce4
  7#d7 ,electric resid5tial cold climate
 heat pump ,! t]m electric resid5tial   
cold climate heat pump means a heat pump
 t-- 7,a7 is c]tifi$ "u ! ,en]gy ,/>    
program2  7,b7 is optimiz$ = peak heat+ 
& "p-load cool+ p]=mance2 &  7,c7       
meets-- 7i7 ! cold climate air s\rce    
heat pump specifications ( ! ,nor!a/    

,en]gy ,effici5cy ,p>tn]%ips2 or  7ii7 !
 crit]ia = cold climate heat pumps "u ! 
,en]gy ,/> program4  7#e7 ,electric     
resid5tial heat pump wat] heat] ,! t]m  
electric resid5tial heat pump wat] heat]
 means an electric heat pump wat] heat] 
= resid5tial use t is c]tifi$ "u !      
,en]gy ,/> program4  7#f7 ,eligible     
build+ electrification product ,! t]m   
eligible build+ electrification product 
means any ( ! foll[+ ,unit$ ,/ates-made 
products3 7,a7 ,an electric resid5tial  
heat pump wat] heat]4  7,b7 ,an electric
 resid5tial air s\rce heat pump4  7,c7  
,an electric resid5tial c5tral geo!rmal 
heat pump4  7,d7 ,an electric resid5tial
 cold climate heat pump4  7,e7 ,an      
induction or non9duction electric smoo? 
/ove1 flat cooktop1 range1 or ov54  7,f7
 ,an electric heat pump clo!s dry] t--  
7i7 is c]tifi$ "u ! ,en]gy ,/> program2 
or  7ii7 meets a m /r+5t /&>d1 z det]m9$
 by ! ,secret>y1 if ! ,secret>y det]m9es
 a m /r+5t /&>d is appropriate4  7,g7 ,a
 sm>t panel or a panel t is "p ( an     

electric load or s]vice c5t] upgrade4   
7,h7 ,any o!r electric product1 z       
det]m9$ by ! ,secret>y4  2  7#c7 by     
ins]t+ aft] p>agraph 7#h7 7z s          
r$esignat$7 ! foll[+3  7#i7 ,mid/ream   
rebate ,! t]m mid/ream rebate means a   
rebate provid$ by a ,/ate to a          
di/ributor "u a ,/ate program describ$ 9
 subsection 7b77#a77;,b74  7#aj7        
,orig9al equipm5t manufactur] ,! t]m    
orig9al equipm5t manufactur] means an   
entity t manufactures eligible build+   
electrification products4  7#aa7        
,resid5tial air s\rce heat pump ,! t]m  
resid5tial air s\rce heat pump means a  
heat pump or c5tral air condition] 7z   
def9$ 9 section #cba7ba7 ( ! ,en]gy     
,policy & ,cons]vation ,act 7#db        
,u4,s4,c4 #fbia7ba777 t-- 7,a7 not)/&+  
subp>agraph 7,e7 ( t section1 is a heat+
 & cool+ unit2 &  7,b7 is c]tifi$ "u !  
,en]gy ,/> program4  7#ab7 ,resid5tial  
c5tral geo!rmal heat pump ,! t]m        
resid5tial c5tral geo!rmal heat pump has
 ! mean+ giv5 ! t]m qualifi$ geo!rmal   

heat pump prop]ty 9 section             
#be;,d7d77#e77;,b7 ( ! ,int]nal ,rev5ue 
,code ( #aihf4  2  7#d7 by ins]t+ aft]  
p>agraph 7#ac7 7z s r$esignat$7 !       
foll[+3  7#ad7 ,sm>t panel ,! t]m sm>t  
panel means an electrical p[]           
di/ribution panel ) an integrat$        
communications & en]gy managem5t sy/em  
capable (-- 7,a7 int]op]ability )       
electric utility di/ribution networks2 &
  7,b7 monitor+ & controll+ individual  
circuits to ensure t ! total load on !  
electrical s]vice does n exce$ a        
programm$ set-po9t4  2 &  7#e7 by add+  
at ! end ! foll[+3  7#ag7 ,unit$        
,/ates-made ,! t]m ,unit$ ,/ates-made1 )
 respect to an eligible build+          
electrification product1 means t n less 
?an #ee p]c5t ( ! compon5ts ( ! eligible
 build+ electrification product are m9$1
 produc$1 or manufactur$1 z applicable1 
9 ! ,unit$ ,/ates1 z det]m9$ by !       
,secret>y4  7#ah7 ,up/ream rebate ,! t]m
 up/ream rebate means a rebate provid$  
by a ,/ate to a di/ributor or orig9al   

equipm5t manufactur] "u a ,/ate program 
describ$ 9 subsection 7b77#a77;,b74  4  
7b7 ,program ,section #abd ( ! ,en]gy   
,policy ,act ( #bjje 7#db ,u4,s4,c4     
#aehba7 is am5d$-- 7#a7 9 subsection    
7b77#a7-- 7,a7 by /rik+ program to      
provide & ins]t+ ! foll[+3 program--    
7,a7 to provide  2  7,b7 9 subp>agraph  
7,a7 7z s designat$71 by add+ or at !   
end aft] ! semicolon2 &  7,c7 by add+ at
 ! end ! foll[+3  7,b7 to provide       
mid/ream rebates & up/ream rebates to   
orig9al equipm5t manufactur]s &         
di/ributors1 z applicable1 = !          
manufactur+1 di/ribution1 or %ipm5t (   
eligible build+ electrification         
products2  2  7#b7 9 subsection 7d7--   
7,a7 by /rik+ ,! allocation & ins]t+ !  
foll[+3  7#a7 ,9 g5]al ,! allocation  2 
&  7,b7 by add+ at ! end ! foll[+3  7#b7
 ,disadvantag$ bus9esses & individuals  
,( ! am\nt us$ by a ,/ate to c>ry out a 
,/ate program describ$ 9 subsection     
7b77#a77;,b71 n less ?an #dj p]c5t %all 
be us$ to provide mid/ream rebates &    

up/ream rebates-- 7,a7 to disadvantag$  
bus9esses2 or  7,b7 to orig9al equipm5t 
manufactur]s or di/ributors t employ    
disadvantag$ individuals4  7#c7 ,union  
facilities ,( ! am\nt us$ by a ,/ate to 
c>ry out a ,/ate program describ$ 9     
subsection 7b77#a77;,b71 n less ?an #dj 
p]c5t %all be us$ to provide mid/ream   
rebates & up/ream rebates to di/ributors
 & orig9al equipm5t manufactur]s1 z     
applicable1 t own or op]ate facilities  
op]at+ "u a collective b>ga9+ agreem5t  
negotiat$ by a labor organization 7z    
def9$ 9 section #b ( ! ,national ,labor 
,relations ,act 7#bi ,u4,s4,c4 #aeb77 9 
accordance ) ! requirem5ts ( section #i 
( ! ,national ,labor ,relations ,act    
7#bi ,u4,s4,c4 #aei74  2  7#c7 9        
subsection 7e7-- 7,a7 by r$esignat+     
p>agraphs 7#a7 ?r\gh 7#c7 z subp>agraphs
 7,a71 7,c71 & 7,d71 respectively1 &    
ind5t+ appropriately2  7,b7 9 ! matt]   
prec$+ subp>agraph 7,a7 7z s            
r$esignat$71 by /rik+ ,rebates 9 ! fir/ 
s5t5ce & all t foll[s ?r\gh ,! am\nt 9 !

 second s5t5ce & ins]t+ ! foll[+3  7#a7 
,9 g5]al ,rebates may be provid$ to--   
7,a7 resid5tial consum]s t meet !       
requirem5ts ( ! ,/ate program describ$ 9
 subsection 7b77#a77;,a72 &  7,b7       
orig9al equipm5t manufactur]s &         
di/ributors ( eligible build+           
electrification products t meet !       
requirem5ts ( ! ,/ate program describ$ 9
 subsection 7b77#a77;,b74  7#b7 ,am\nt  
,! am\nt  2 &  7,c7 9 p>agraph 7#b7 7z s
 designat$7-- 7i7 9 ! matt] prec$+      
subp>agraph 7,a7 7z s r$esignat$71 by   
/rik+ consid]ation-- & ins]t+           
consid]ation1 z applicable--2 &  7ii7 by
 ins]t+ aft] subp>agraph 7,a7 7z s      
r$esignat$7 ! foll[+3  7,b7 ! am\nt (   
any ,f$]al or ,/ate tax inc5tive        
available = ! manufactur+ or di/ribution
 ( eligible build+ electrification      
products2  2 &  7#d7 by /rik+ subsection
 7f7 & ins]t+ ! foll[+3  7f7            
,adm9i/rative requirem5ts = recipi5ts ( 
mid/ream & up/ream rebates  7#a7        
,pass-?r\gh  7,a7 ,9 g5]al ,z a         

condition ( receipt ( a mid/ream rebate 
or up/ream rebate1 a di/ributor or      
orig9al equipm5t manufactur] %all pass  
?r\gh n less ?an #ij p]c5t ( ! value ( !
 mid/ream rebate or up/ream rebate1 z   
applicable1 to a di/ributor or o!r      
cu/om] 9 ! =m ( a r$uc$ price = !       
pur*ase ( an eligible build+            
electrification product4  7,b7 ,use (   
rema9d] ,aft] c>ry+ out subp>agraph     
7,a71 a di/ributor or orig9al equipm5t  
manufactur] may reta9 n m ?an #aj p]c5t 
( ! rema9d] ( ! applicable mid/ream     
rebate or up/ream rebate z a process+   
fee4  7#b7 ,coord9ation ) exi/+ programs
 ,an entity t receives a mid/ream rebate
 or up/ream rebate is enc\rag$ to       
coord9ate ) ,f$]al & ,/ate ag5cies1     
electric utilities1 natural gas         
utilities1 nonpr(it organizations1 & o!r
 entities c>ry+ out o!r relevant ,f$]al 
or ,/ate rebate programs4  7#c7 ,no     
multiple mid/ream & up/ream rebates ,an 
entity t receives a mid/ream rebate or  
up/ream rebate = an eligible build+     

electrification product may n receive-- 
7,a7 an up/ream rebate or mid/ream      
rebate1 respectively1 = ! same eligible 
build+ electrification product2 or  7,b7
 a second mid/ream rebate or up/ream    
rebate1 respectively1 = ! same eligible 
build+ electrification product4  7#d7   
,taxation ,a mid/ream rebate or up/ream 
rebate %all n be consid]$ to be gross   
income ( ! recipi5t ( ! rebate =        
purposes ( ! ,int]nal ,rev5ue ,code (   
#aihf4  7g7 ,au?orization (             
appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,secret>y to c>ry out  
?is section to provide allocations only 
to ,/ates t h e/abli%$ a ,/ate program  
describ$ 9 subsection 7b77#a77;,b7      
#aj1jjj1jjj1jjj = ! p]iod ( fiscal ye>s 
#bjbc ?r\gh #bjcj4  4