1. Short title This Act may be cited as the American Renewable Energy and Efficiency Act . 2. Federal renewable electricity standard Title VI of the Public Utility Regulatory Policies Act of 1978 ( 16 U.S.C. 2601 et seq.) is amended by adding after section 609 ( 7 U.S.C. 918c ) the following: 610. Federal renewable electricity standard (a) Findings Congress finds that— (1) the Federal renewable electricity standard established by this section establishes a market-based policy to create ongoing competition among renewable electricity generators across the United States and provide the greatest quantity of clean electricity for the lowest price; and (2) the United States has vast wind, solar, hydropower, biomass, and geothermal resources that— (A) are renewable; (B) are dispersed widely across different regions of the United States; and (C) can be harnessed to generate a significant share of electricity in the United States. (b) Definitions In this section: (1) Brownfield site generation facility The term brownfield site generation facility means a facility that— (A) generates renewable electricity; and (B) occupies a brownfield site (as that term is defined in section 101 of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 ( 42 U.S.C. 9601 )). (2) Distributed renewable generation facility The term distributed renewable generation facility means a facility that— (A) generates renewable electricity; (B) primarily serves one or more electric consumers at or near the facility site; and (C) has not more than 2 megawatts in capacity. (3) Federal renewable electricity credit The term Federal renewable electricity credit means a credit, representing 1 megawatt hour of renewable electricity, issued pursuant to subsection (f). (4) Indian land The term Indian land means— (A) any land within the limits of any Indian reservation, pueblo, or rancheria