Tribal Energy Investment Act of 2022
Bill: H.R.8068 | Sponsor: Rep. Leger Fernandez, Teresa (D-NM)
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 2005 to include in a report the 
   amount available to the Secretary of Energy to make certain loan 
   guarantees, 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. REPORT ON CERTAIN DEPARTMENT OF ENERGY LOAN GUARANTEES.

    Section 1702(q) of the Energy Policy Act of 2005 (42 U.S.C. 
16512(q)) is amended--
            (1) in 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;''.

SEC. 3. 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 heading, by striking ``Guarantee'';
            (2) in paragraph (1), by inserting ``and in addition to the 
        authority provided by paragraph (8),'' after ``Subject to 
        paragraphs (2) and (4),'';
            (3) in paragraph (2), by inserting ``, or a direct loan,'' 
        after ``providing a loan guarantee'';
            (4) by amending paragraph (4) to read as follows:
            ``(4) At any time, the sum of the aggregate outstanding 
        amount guaranteed and the aggregate outstanding amount of 
        direct loans provided pursuant to this subsection shall not 
        exceed $2,000,000,000.''; and
            (5) by adding at the end the following:
            ``(8)(A) Subject to paragraphs (2) and (4), and in addition 
        to the authority provided by paragraph (1), the Secretary of 
        Energy may provide 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.
            ``(B) Direct loans 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.''.
    (b) Previous Funding.--Amounts appropriated or otherwise made 
available for the cost of loan guarantees under 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 the enactment of this Act may also be made available 
for the cost of direct loans as authorized by the amendments made by 
this Act.
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