FARE Act of 2011

Summary

Federal Accounting of Renewable Energy Act of 2011 or FARE Act of 2011 - Requires the head of each federal agency to submit to Congress an accounting for all FY2009-FY2011 financial support (including grants, loans, loan guarantees, and direct payments) made by the agency to promote the production or use of renewable energy. Directs the agencies to include in such accounting: (1) a list of the projects that directly led to the production or use of renewable energy; (2) the quantity of renewable energy or products on the market as a direct result of such support and the gross sales of the recipient company during a recent fiscal year; and (3) the total quantity of financial support, the number of jobs created, and the average cost to the recipient company of each full-time job created. Requires, for each project, a full accounting of: (1) the employment, sales, and revenue targets submitted by each recipient company before receiving support and a list of the companies that substantially failed to meet targets; (2) a list of all recipient companies that received support but are no longer in operation or have moved any portion of their operations to China; and (3) a list of all venture capital firms involved in submitting the proposal for awarded support. Directs the Inspector General of an agency that provided support to a company that is no longer in existence, or is unlikely to achieve substantially the purpose of the support, to conduct a preliminary investigation of the documents submitted by the company to determine whether fraud was committed in obtaining such support. Requires the Inspector General of the Department of Energy (DOE) to submit to Congress a list of the recipient company executives who: (1) received financial support from the National Renewable Energy Laboratory during any of calendar years 2009-2011, and (2) had an immediate family member who was employed by the Laboratory as of the date of receipt of the financial support.

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Timeline

1. 14 September 2011

   Introduced

   Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

   Source: IntroReferral

2. 14 September 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 14 September 2011 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 September 2011

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 September 2011

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 14 September 2011

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Vitter, David [R-LA] · R · Sponsor
• Sen. Johnson, Ron [R-WI] · R · Sponsor
• Sen. Lee, Mike [R-UT] · R · Cosponsor
• · ssga00 · Standing

Related records

• related to → FARE Act of 2011