42 USC 13553 – Energy subsidy study
(a) In general
The Secretary shall contract with the National Academy of Sciences to conduct a study of energy subsidies that—
(1) are in effect on October 24, 1992; or
(2) have been in effect prior to October 24, 1992.
(b) Report to Congress
Terms Used In 42 USC 13553
- Contract: A legal written agreement that becomes binding when signed.
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
Not later than 18 months after October 24, 1992, the Secretary shall transmit to the Congress,1 the results of such study to be accompanied by recommendations for legislation, if any.
(c) Contents
(1) In general
The study shall identify and quantify the direct and indirect subsidies and other legal and institutional factors that influence decisions in the marketplace concerning fuels and energy technologies.
(2) Topics for examination
The study shall examine—
(A) fuel and technology choices that are—
(i) available on October 24, 1992; or
(ii) reasonably foreseeable on October 24, 1992;
(B) production subsidies for the extraction of raw materials;
(C) subsidies encouraging investment in large capital projects;
(D) indemnification;
(E) fuel cycle subsidies, including waste disposal;
(F) government research and development support; and
(G) other relevant incentives and disincentives.
(d) Authorization of appropriations
There are authorized to be appropriated to carry out this section $500,000 for each of the fiscal years 1993 and 1994.