By Sacramento Business Journal

Legislation that aims to increase the competitiveness of American-made clean technologies at home and abroad, and strengthen the nationâ¿¿s clean-tech manufacturing industry, has passed out of the House Energy and Commerce Committee.

The bill, introduced by Congresswoman Doris Matsui in April, passed out of the Commerce, Trade and Consumer Protection Subcommittee June 30, and Wednesdayâ¿¿s passage in the full committee clears the way for the legislation to be considered on the House floor as early as next week.

The Clean Energy Technology Manufacturing and Export Assistance Act of 2010 would create a $15 million fund to help boost the U.S. clean-tech industryâ¿¿s competitiveness. The fund would support the development and implementation of a national export strategy, and help U.S. firms find and navigate foreign markets.

The act would help strengthen Americaâ¿¿s clean-tech manufacturing industry by promoting policies that would reduce production costs and encourage innovation, investment and productivity in the sector.

The nationâ¿¿s clean-tech industry lags behind international competitors in exports abroad. The U.S. industry exported about $7.7 billion in products and services last year compared to Chinaâ¿¿s $22.7 billion and Germanyâ¿¿s $19.6 billion in clean-tech exports, according to a U.S. Senate report released in January.

⿿Our nation is running a trade deficit in green technologies ranging in the billions and the U.S. clean-tech industry is lagging behind many of its competitors in exports, including Germany and China,⿝ Matsui said today in her opening statement before the committee. ⿿This is simply unacceptable. We must not become a nation dependent on foreign clean-energy products. We must be the nation that leads the world in manufacturing and exporting clean-energy technologies.⿝

Copyright 2010 American City Business Journals
Copyright 2010