S.570 - 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 Measures, To Close Big Oil Company Tax Loopholes To Pay For The Competitive Grant Program And Reduce The Deficit, And For Other Purposes.

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3/14/2013--Introduced. Clean Energy Race to the Top Act of 2013 - Establishes in the Department of Energy (DOE) a program to provide grants to eligible entities, on a competitive basis, to develop and carry out clean energy and carbon reduction measures, such as renewable electricity standards, regional or statewide climate action plans, and participation in a regional greenhouse gas reduction program. Directs the Secretary of Energy, in establishing criteria for grants, to take into account: (1) regional disparities in the ways in which energy is produced and used, and (2) the clean energy resource potential of the measures. Amends the Internal Revenue Code to decrease the tax deduction for oil related qualified production activities income of major integrated oil companies.

Read Twice And Referred To The Committee On Finance.
March 14th 2013 @ 12:00 AM

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