Tribal Energy Investment Act of 2022
Bill: S.4771 | Sponsor: Sen. Cortez Masto, Catherine (D-NV)
Policy area: Native Americans

Summary:
Tribal Energy Investment Act of 2022
This bill authorizes the Department of Energy to provide direct loans to Indian tribes and tribal energy development organizations for energy development. These direct loans shall be made through the Federal Financing Bank.

To amend the Energy Policy Act of 1992 to provide for direct loans to 
 Indian tribes and tribal energy development organizations for energy 
                  development, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tribal Energy Investment Act of 
2022''.

SEC. 2. DIRECT LOANS.

    (a) In General.--Section 2602(c) of the Energy Policy Act of 1992 
(25 U.S.C. 3502(c)) is amended--
            (1) in the subsection heading, by inserting ``Direct Loan 
        and'' after ``Energy'';
            (2) in paragraph (1)--
                    (A) by striking ``provide loan guarantees'' and 
                inserting the following: ``provide--
                    ``(A) loan guarantees'';
                    (B) in subparagraph (A) (as so designated), by 
                striking the period at the end and inserting ``; and''; 
                and
                    (C) by adding at the end the following:
                    ``(B) direct loans (as defined in section 502 of 
                the Federal Credit Reform Act of 1990 (2 U.S.C. 661a)) 
                to an Indian tribe or a tribal energy development 
                organization for energy development.'';
            (3) in paragraph (2), by inserting ``or a direct loan'' 
        after ``loan guarantee'';
            (4) by striking paragraph (4) and inserting the following:
            ``(4) Aggregate outstanding amount.--The sum of the 
        aggregate outstanding amount guaranteed and the aggregate 
        outstanding amount of direct loans provided under paragraph (1) 
        at any time shall not exceed $2,000,000,000.''; and
            (5) by adding at the end the following:
            ``(8) Federal financing bank.--A direct loan provided under 
        this subsection shall be made through the Federal Financing 
        Bank, with the full faith and credit of the United States 
        Government on the principal and interest of the loan.''.
    (b) Previous Funding.--Amounts appropriated or otherwise made 
available for the cost of loan guarantees made pursuant to section 
2602(c) of the Energy Policy Act of 1992 (25 U.S.C. 3502(c)) as in 
effect on the day before the date of enactment of this Act may also be 
made available for the cost of direct loans made pursuant to that 
subsection as of the date of enactment of this Act.

SEC. 3. REPORT ON CERTAIN DEPARTMENT OF ENERGY LOAN GUARANTEES.

    (a) In General.--Section 1702(q) of the Energy Policy Act of 2005 
(42 U.S.C. 16512(q)) is amended--
            (1) in the matter preceding paragraph (1), by striking 
        ``3'' and inserting ``2'';
            (2) by redesignating paragraphs (8) and (9) as paragraphs 
        (9) and (10), respectively; and
            (3) by inserting after paragraph (7) the following:
            ``(8) the amount available to the Secretary to make 
        guarantees under this title;''.
    (b) Technical Amendment.--Section 1702 of the Energy Policy Act of 
2005 (42 U.S.C. 16512) is amended by redesignating the second 
subsection (r) (relating to State Energy Financing Institutions) as 
subsection (s).
                                 <all>