S. 320: Clean Energy Stimulus and Investment Assurance Act of 2009

111th Congress · introduced 2009-01-26 · Taxation · Latest: Read twice and referred to the Committee on Finance.

federal

Follow this bill, step by step

Where it came from: introduced 2009-01-26 · official record
Who proposed it: Sen. Cantwell, Maria [D-WA] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Clean Energy Stimulus and Investment Assurance Act of 2009

Plain summary

Clean Energy Stimulus and Investment Assurance Act of 2009 - Amends the Internal Revenue Code to: (1) allow a new tax credit for investment in projects for manufacturing alternative energy equipment; (2) allow accelerated depreciation for smart meters and smart grid systems; (3) expand carrybacks and carryforwards of unused business tax credits; (4) extend the tax credit for producing electricity from renewable resources and expand such credit to include the production of thermal energy and zero carbon emissions resource facilities; (5) increase the national limitation for issuance of new clean renewable energy bonds; (6) allow expensing of manufacturing facilities for producing plug-in electric drive motor vehicles; (7) allow a tax credit for the cost of converting motor vehicles into plug-in electric drive motor vehicles; (8) extend through 2010 the tax credit for biodiesel and renewable diesel; (9) extend through 2014 the tax credit for alternative fuel vehicle refueling property expenditures; (10) increase the tax credit for residential energy efficient property expenditures; (11) allow an energy tax credit through 2016 for qualified energy storage air conditioner property; (12) extend through 2012 the tax credit for new energy efficient homes; (13) increase the tax deduction for energy efficient commercial buildings; (14) increase and extend the tax credit for nonbusiness energy property; (15) allow an energy tax credit for investment in green roofs; and (16) repeal limitations on the energy tax credit for property financed by subsidized energy financing. Authorizes appropriations for: (1) smart grid research and development; (2) the Bonneville Power Administration; (3) the plug-in electric drive motor vehicle program; (4) the energy storage competitiveness program; (5) advanced battery manufacturing; and (6) the energy efficient appliance rebate program and the Energy Star program. Amends the Energy Policy Act of 2005 to allow the federal government to enter into 30-year contracts for the purchase of electricity generated by renewable energy.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Clean Energy Stimulus and Investment Assurance Act of 2009

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Cantwell, Maria [D-WA] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Sen. Cantwell, Maria [D-WA] reported raising $985,139 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-111s320.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/111/s>

Record fed-us-cong111-s320 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111