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House passes cleantech export promotion legislation

July 1, 2010


On Wednesday, the House Commerce, Trade, and Consumer Protection (CTCP) Subcommittee unanimously passed H.R. 5156, the Clean Energy Technology Manufacturing and Export Assistance Act, legislation introduced by Congresswoman Doris Matsui (D-CA) to boost the competiveness of the U.S. clean technology industry in both domestic and international markets.
The bill is expect to help boost the competitiveness of the U.S. clean tech industry in global marketplace, and create a $15 million Clean Energy Technology Manufacturing and Export Assistance Fund to support the development, implementation, and sustainability of a National Clean Energy Technology Export Strategy.  It will also assist U.S. clean tech firms with export assistance by finding and navigating foreign markets to export their goods and services abroad.
The legislation would also help strengthen America’s domestic clean tech manufacturing industry by promoting policies that will reduce production costs and encourage innovation, investment, and productivity in the U.S. clean energy technology industry.
If enacted, H.R. 5156 could also require the Department of Commerce, in coordination with relevant agencies, to implement, develop and sustain a National Clean Energy Technology Export Strategy to provide U.S. Clean Tech firms with export assistance in finding and navigating foreign markets to sell their goods and services to new customers.
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