I 
118TH CONGRESS 
1ST SESSION H. R. 4677 
To provide additional Federal flexibility to enhance the development and 
deployment of advanced nuclear reactor technology, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 17, 2023 
Mr. DONALDS introduced the following bill; which was referred to the Com-
mittee on Energy and Commerce, and in addition to the Committee on 
Science, Space, and Technology, for a period to be subsequently deter-
mined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
A BILL 
To provide additional Federal flexibility to enhance the devel-
opment and deployment of advanced nuclear reactor 
technology, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Leverage Obligated 
appropriations for Advanced Nuclear Act’’ or the ‘‘LOAN 
Act’’. 
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SEC. 2. TEMPORARY EXCEPTION TO THE DENIAL OF DOU-
BLE BENEFIT FOR CERTAIN LOAN GUARAN-
TEES RELATED TO THE ADVANCED REACTOR 
DEMONSTRATION PROGRAM. 
(a) FUNDING FOR DEPARTMENT OF ENERGY LOAN 
PROGRAMS OFFICE.—Section 50141(d)(3) of the Public 
Law 117–169 is amended— 
(1) in subparagraph (C), by striking the ‘‘or’’ 
at the end; 
(2) in subparagraph (D), by striking ‘‘guar-
antee.’’ and inserting ‘‘guarantee; or’’; and 
(3) by adding at the end the following: 
‘‘(E) during the period of 15 years that be-
gins on the date of enactment of the LOAN 
Act, demonstration projects carried out under 
the program established under section 959A(b) 
of the Energy Policy Act of 2005 (42 U.S.C. 
16279a(b)).’’. 
(b) OMNIBUS APPROPRIATIONS ACT, 2009.—The 9th 
proviso in the matter under the heading ‘‘Department of 
Energy, Title 17 Innovative Technology Loan Guarantee 
Authority Loan Program’’, in title III of division C of 
Public Law 111–8, is amended— 
(1) by striking ‘‘or (d) for electric generation 
projects’’ and inserting ‘‘(d) for electric generation 
projects’’; and 
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(2) by inserting ‘‘; or (e) during the period of 
15 years that begins on the date of enactment of the 
LOAN Act, demonstration projects carried out 
under the program established under section 
959A(b) of the Energy Policy Act of 2005 (42 
U.S.C. 16279a(b))’’ after ‘‘independent of the 
project receiving the guarantee’’. 
(c) DEPARTMENT
OF DEFENSE
AND FULL-YEAR 
CONTINUING APPROPRIATIONS ACT, 2011.—Section 1425 
of the Department of Defense and Full-Year Continuing 
Appropriations Act, 2011 is amended— 
(1) by striking ‘‘or (4) electric generation 
projects’’ and inserting ‘‘(4) electric generation 
projects’’; and 
(2) by inserting ‘‘; or (5) during the period of 
15 years that begins on the date of enactment of the 
LOAN Act, demonstration projects carried out 
under the program established under section 
959A(b) of the Energy Policy Act of 2005 (42 
U.S.C. 16279a(b))’’ after ‘‘independent of the 
project receiving the guarantee’’. 
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SEC. 3. ELIGIBILITY OF ADVANCED REACTOR DEMONSTRA-
TION PROJECTS FOR CERTAIN LOAN GUAR-
ANTEES. 
(a) INCENTIVES FOR INNOVATIVE TECHNOLOGIES.— 
Section 1703(b) of the Energy Policy Act of 2005 (42 
U.S.C. 16513(b)) is amended by adding at the end the 
following: 
‘‘(14) During the period of 15 years that begins 
on the date of enactment of the LOAN Act, dem-
onstration projects carried out under the program 
established under section 959A(b).’’. 
(b) ENERGY INFRASTRUCTURE REINVESTMENT FI-
NANCING.—Section 1706(b) of the Energy Policy Act of 
2005 (42 U.S.C. 16517(b)) is amended by inserting ‘‘and, 
during the period of 15 years that begins on the date of 
enactment of the LOAN Act, a demonstration project car-
ried out under the program established under section 
959A(b)’’ after ‘‘energy infrastructure’’. 
Æ 
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