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Instructs the Secretary of Energy to promulgate revised Federal building energy efficiency performance standards following prescribed guidelines.
Amends the Department of Energy Organization Act (DOE) to establish within DOE the Office of Federal Energy Productivity.
Amends the National Energy Conservation Policy Act to mandate that each agency: (1) apply energy conservation measures to its Federal facilities so that specified energy reduction is implemented following prescribed calendar year percentages; (2) meter or submeter its energy use; and (3) procure specified energy efficient products. Instructs the Architect of the Capitol to develop and implement energy and water savings measures in congressional buildings. Declares that the aggregate annual payments by a Federal agency under an energy savings performance contract may take into account savings resulting from certain reduced costs of operation and maintenance.
Establishes the Federal Energy Bank to make loans to Federal agencies to implement energy savings performance projects.
Amends the Energy Policy Act of 1992 to prescribe: (1) minimum average fuel economy guidelines for the Federal vehicle fleet; and (2) operating parameters for the use of alternative fuels.
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