Rep. Gottheimer and Rep. Lawler Introduce Bipartisan Bill to Extend $20B in Energy Loan Guarantees
The Build More Power Act is currently in the early stages of the legislative process. It has been sent to two House committees for review and is not yet scheduled for a vote. The bill is considered active as it waits for these committees to begin their work.
The bill has bipartisan support from moderate members and addresses popular concerns about power grid reliability, but it must still clear several committees.
Energy companies and contractors that operate or service power plants ordered to run during emergencies could benefit from $20 billion in federal loan guarantees for upgrades and reinvestment. This financing could help smaller energy firms modernize aging facilities rather than face the full cost alone.
“not less than $20,000,000,000 of such amount shall be used to guarantee loans for projects described in section 1706(a) of the Energy Policy Act of 2005 with respect to energy infrastructure required to generate electric energy by an order issued under section 202(c) of the Federal Power Act”
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
No related news coverage found for this legislation yet.
Document Type
Congressional Bill
Official Title
Build More Power Act
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