S. 838 would authorize funding for eligible joint ventures between United States and Israeli businesses and academic persons, and it would establish the International Energy Advisory Board.
Detailed Summary
United States-Israel Energy Cooperation Act - Instructs the Secretary of Energy to establish a grant program for a joint venture comprising both Israeli and U.S. private business entities, or both Israeli academic persons (who reside and work in Israel) and U.S. academic persons, to engage in research, development, or commercialization of alternative energy, improved energy efficiency, or renewable energy sources.
Requires the Secretary, in operating the grant program, to consult with either the Israel-United States Binational Industrial Research and Development Foundation (BIRD) or the United States-Israel Binational Science Foundation (BSF).<br>
Establishes in the Treasury as a revolving fund the Energy Research and Development Activities Fund.
Establishes in the Department of Energy an International Energy Advisory Board to advise the Secretary on the grant program.
Status of the Legislation
Latest Major Action: 9/17/2007: Placed on Senate Legislative Calendar under General Orders. Calendar No. 374.
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