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Renewable Energy Investment Act of 2003

Introduced: April 29, 2003 See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 2003
Introduced in Senate
Apr 29, 2003
Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5491-5492)
Apr 29, 2003
Sponsor introductory remarks on measure. (CR S5491)
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 Plain-English summary Congressional Research Service

Renewable Energy Investment Act of 2003 - Requires each retail electric supplier to submit annually to the Secretary of Energy renewable energy credits according to a prescribed annual percentage of the supplier's total amount of kilowatt-hours of nonhydropower electricity sold to consumers during the previous calendar year.

Requires each retail electric supplier during a calendar year to generate a specified percentage of nonhydropower electricty by renewable energy sources, escalating from five percent during calendar 2006 through 2009 by five percent increments during subsequent five-year periods up to twenty percent in calendar 2020 and beyond.

Directs the Secretary to establish a program to issue, monitor the sale or exchange of, and track renewable energy credits.

Authorizes any entity that is issued or has acquired a renewable energy credit to sell or exchange it. Requires the Secretary to sell credits at prices determined by a certain formula.

Subjects to a civil penalty a retail electric supplier who does not submit the requisite renewable energy credits.

Authorizes the Secretary to distribute receipts from sales to the States in order to promote State renewable energy production and use.

What's happening now April 29, 2003

Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5491-5492)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Apr 29, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). S. 944: Renewable Energy Investment Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-S-944/
MLA
"S. 944: Renewable Energy Investment Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-944/.
Bluebook (legal)
S. 944, 108th Cong. (2026), https://openamerica.io/bill/108-S-944/.
Markdown link
[S. 944: Renewable Energy Investment Act of 2003](https://openamerica.io/bill/108-S-944/)
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