[Congressional Record Volume 160, Number 81 (Wednesday, May 28, 2014)] [Extensions of Remarks] [Pages E853-E854] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] INTRODUCING THE INVESTING TO MODERNIZE THE PRODUCTION OF AMERICAN CLEAN ENERGY AND TECHNOLOGY ACT OF 2014 ______ HON. JIM McDERMOTT of washington in the house of representatives Wednesday, May 28, 2014 Mr. McDERMOTT. Mr. Speaker, I rise today to introduce the Investing to Modernize the Production of American Clean Energy and Technology Act of 2014, a bill that will continue this Nation's march towards sustainable power solutions. This bill will continue a number of valuable tax provisions used by clean energy companies to level the playing field so that clean energy can compete with its more established traditional-energy counterparts. This is done by extending tax provisions for onshore and offshore wind and other renewable energy production. The bill also provides incentives for clean energy manufacturing, energy efficient appliances and homes, electric vehicles, and a new era of natural gas-powered vehicles. At the same time, this bill prevents major oil companies from continuing to benefit from corporate giveaways tucked into the tax code at a time when their industry is making record profits. This bill is a statement of principles and vision as much as it is about tax policy. America [[Page E854]] needs clean renewable energy sources in the coming decades, resources that cannot be developed overnight. This bill will ensure America remains a strong and prosperous Nation while laying the groundwork for an economy built on clean energy. ____________________