Renewable Energy Investment Act of 2003
Latest action · Apr 29, 2003 Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5491-5492)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 29, 2003
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Renewable Energy Investment Act of 2003 - Requires each retail electric supplier to submit annually to the Secretary of Energy renewable energy credits according to a prescribed annual percentage of the supplier's total amount of kilowatt-hours of nonhydropower electricity sold to consumers during the previous calendar year.
Requires each retail electric supplier during a calendar year to generate a specified percentage of nonhydropower electricty by renewable energy sources, escalating from five percent during calendar 2006 through 2009 by five percent increments during subsequent five-year periods up to twenty percent in calendar 2020 and beyond.
Directs the Secretary to establish a program to issue, monitor the sale or exchange of, and track renewable energy credits.
Authorizes any entity that is issued or has acquired a renewable energy credit to sell or exchange it. Requires the Secretary to sell credits at prices determined by a certain formula.
Subjects to a civil penalty a retail electric supplier who does not submit the requisite renewable energy credits.
Authorizes the Secretary to distribute receipts from sales to the States in order to promote State renewable energy production and use.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Apr 29, 2003 to Jul 6, 2004; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NV | Harry Reid | Original | Apr 29, 2003 |
| D-MA | John F. Kerry | Original | Apr 29, 2003 |
| D-IL | Richard J. Durbin | Original | Apr 29, 2003 |
| D-CA | Dianne Feinstein | May 14, 2003 | |
| D-NY | Hillary Rodham Clinton | Jul 6, 2004 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Energy and Natural Resources Committee | Referred Apr 29, 2003 |
Actions 3
Everything that happened, newest first.
- Apr 29, 2003Introduced in Senate
- Apr 29, 2003Sponsor introductory remarks on measure. (CR S5491)
- Apr 29, 2003Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5491-5492)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S5491Text printed S5491 | James M. Jeffords R-VT (text) | Apr 29, 2003 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R45913 | Electricity Portfolio Standards: Background, Design Elements, and Policy Considerations Archived | Report | Oct 21, 2020 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to enhance national security, environmental quality, and economic stability by increasing the production of clean, domestically produced renewable energy as a fuel source for the national electric system.
- Short Titles as Introduced
- Renewable Energy Investment Act of 2003
Subjects
Assigned by the Library of Congress. Policy area: Energy.
- Agricultural wastes
- Agriculture and Food
- Alternative energy sources
- Auditing
- Biomass energy
- Cellulose
- Commerce
- Consumer education
- Economics and Public Finance
- Electric power production
- Electric utilities
- Electric utility rates
- Energy
- Energy crops
- Energy research
- Environmental Protection
- Farm manure
- Federally-guaranteed loans
- Finance and Financial Sector
- Geothermal resources
- Government Operations and Politics
- Government paperwork
- Grain
- Grants-in-aid
- Heating
- Hydroelectric power
- Hydrogen
- Indexing (Economic policy)
- Landfills
- Legumes
- Lumber trade
- Methane
- Municipal solid waste
- Ocean energy resources
- Plants
- Public Lands and Natural Resources
- Rebates
- Refuse as fuel
- Right-of-way
- Science, Technology, Communications
- Solar energy
- Sugar
- Technological innovations
- Transportation and Public Works
- Trees
- Wind power
- Wood
Text 1
Each version as it was printed, newest first.
- Apr 29, 2003Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.