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099374 1 (1976-04-13)

handle is hein.gao/gaobadxsb0001 and id is 1 raw text is: United States General Accounting Office Washington, D.C. 20548 Oq 9r3I FOR REEASE ON DELIVERY EXPECTED AT 10:00a.m. EST Tuesday, April 13, 1976 Statement ofLM9374 Monte Canfield, Jr. Director, Office of Special Programs before the Committee on Banking, Housing and Urban Affairs United States Senate on Developing and Commercializing Energy Technology Mr. Chairman and Members of the Committee, we welcome the opportunity to be here today to consider with you the difficult problems of developing and commercializing energy technology. I would like to lay out a perspective and then focus my comments on three things: --an overview of the scope and variety of bills now before the Congress that would provide various combinations of Federal financial support for developing and commercializing energy technologies. --our specific views on the bill under consideration by this Committee to create a $100 billion Energy Independence Authority which would provide financial support for developing and commercializing energy technologies. --a brief description of recent and ongoing GAO work bearing on the question of Federal financial assistance for developing and commercializing energy technologies.

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