H.R. 3241 · 110th Congress
To clarify the amount of loans to be guaranteed under title XVII of the Energy Policy Act of 2005, and for…
Full title
To clarify the amount of loans to be guaranteed under title XVII of the Energy Policy Act of 2005, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BoucherSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Energy Policy Act of 2005 to: (1) prohibit loan guarantees for innovative technologies from being less than the minimum amount determined by the Secretary of Energy to be likely to attract nonguaranteed investment adequate to capitalize the project; (2) authorize the Secretary to guarantee up to 100 % of any debt obligation of the borrower to…
What it does: CRS summary · Reported to House without amendment, Part I · Aug 3, 2007
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Amends the Energy Policy Act of 2005 to: (1) prohibit loan guarantees for innovative technologies from being less than the minimum amount determined by the Secretary of Energy to be likely to attract nonguaranteed investment adequate to capitalize the project; (2) authorize the Secretary to guarantee up to 100 % of any debt obligation of the borrower to fund an eligible project; and (3) prohibit the Secretary from issuing a rule or regulation establishing a lower percentage limit.
Conditions such loan guarantee upon reasonable assurances by the borrower that all laborers and mechanics employed by contractors or subcontractors in the performance of construction work financed in whole or in part with the loan will be paid wages at rates not less than those prevailing on similar work in the locality as determined by the Secretary of Labor.
Prohibits any appropriation authorized pursuant to the Act from excluding any category of specified eligible projects.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To clarify the amount of loans to be guaranteed under title XVII of the Energy Policy Act of 2005, and for other purposes.
Latest action (Aug 24, 2007): Referred to the Subcommittee on Energy and Environment.
Policy area: Energy · Origin: House · Introduced: Jul 31, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.