But Sen. Chuck SchumerCharles SchumerMcConnell: ObamaCare 'status quo' will stay in place moving forward NRA launches M Supreme Court ad Senate about to enter 'nuclear option' death spiral MORE (D-N.Y.) and three colleagues are calling on Treasury to ensure the money only flows to projects that use U.S.-built components, or freeze the program until their bill passes.
Sens. Sherrod BrownSherrod BrownPath to 60 narrows for Trump pick Overnight Finance: Trump stock slump | GOP looks to tax bill for lifeline | Trump repeals 'blacklisting rule' | Dem wants ethics probe into Treasury secretary Dems question potential Kushner real estate deal with Chinese firm MORE (D-Ohio), Robert CaseyBob CaseyPath to 60 narrows for Trump pick Senators call for pay equity for US women's hockey team Under pressure, Dems hold back Gorsuch support MORE (D-Penn.) and Jon TesterJon TesterNRA launches M Supreme Court ad Can Trump rebound after failure on healthcare bill? Path to 60 narrows for Trump pick MORE (D-Mont.) sponsored the legislation with Schumer.
Bode said the effect of the plan would be the opposite of the lawmakers’ intent to create new U.S. jobs. The U.S. wind industry has seen an uptick in jobs building and operating wind farms due to the stimulus program, even as manufacturing jobs have stalled, AWEA reported earlier this year.
But there is not currently enough manufacturing capacity to produce 100 percent of wind turbine components in the U.S., Bode said.
“The Recovery Act has been creating jobs by helping finance new American wind energy projects that have broken ground or been completed since the Act was passed. The proposed moratorium and legislation would kill this effort and destroy the momentum for one of the few industries that has been creating jobs and economic growth,” she said.
Instead, she said that Congress should adopt policies that encourage more wind turbine manufacturing in the U.S. – including a renewable electricity standard (RES). An RES would require utilities to supply escalating amounts of power from renewable energy sources.
But Schumer on Wednesday called the ability of private energy project developers to use foreign-made materials a loophole in the 2009 stimulus law that Congress did not intend.
He predicted the new legislation would get “broad bipartisan support.”
Jordan Fabian contributed.