Title: DOE Loan Guarantee Program Repeal Act
Policy area: Energy

Summary:
DOE Loan Guarantee Program Repeal Act
This bill amends the Energy Policy Act of 2005 to repeal the authority of the Department of Energy (DOE)	 to issue loan guarantees for innovative energy projects. The bill rescinds funds that are not required to pay possible claims on outstanding loan guarantees.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4035 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4035

To amend the Energy Policy Act of 2005 to repeal certain loan guarantee 
     programs of the Department of Energy, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 12, 2017

    Mr. Weber of Texas (for himself, Mr. Meadows, and Mr. Sessions) 
 introduced the following bill; which was referred to the Committee on 
  Energy and Commerce, and in addition to the Committees on Science, 
     Space, and Technology, and Appropriations, 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

_______________________________________________________________________

                                 A BILL


 
To amend the Energy Policy Act of 2005 to repeal certain loan guarantee 
     programs of the Department of Energy, 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 ``DOE Loan Guarantee Program Repeal 
Act''.

SEC. 2. REPEAL OF LOAN GUARANTEE PROGRAMS.

    (a) Repeal.--Title XVII of the Energy Policy Act of 2005 (42 U.S.C. 
16511 et seq.) is repealed.
    (b) Rescission.--
            (1) Initial rescission.--On the date of enactment of this 
        Act, any amounts made available to carry out title XVII of the 
        Energy Policy Act of 2005 (as in effect on the date before the 
        date of enactment of this Act), that are not required to pay 
        possible claims on loan guarantees made under such title before 
        the date of enactment of this Act, are rescinded.
            (2) Rescission of remaining amounts.--On the date on which 
        all outstanding loans guaranteed under such title have been 
        repaid in full, any remaining amounts made available to carry 
        out such title are rescinded.
    (c) Management.--
            (1) In general.--Notwithstanding subsection (a), the terms 
        and conditions of any loan guarantee made before the date of 
        enactment of this Act under title XVII of the Energy Policy Act 
        of 2005 (as in effect on the date before the date of enactment 
        of this Act) shall continue to apply, and the Secretary of 
        Energy shall ensure rigorous continued management and oversight 
        of each such outstanding loan, until each such loan is repaid 
        in full.
            (2) Report.--Not later than 30 days after the date of 
        enactment of this Act, the Secretary of Energy shall submit to 
        the Committee on Science, Space, and Technology of the House of 
        Representatives and the Committee on Energy and Natural 
        Resources of the Senate a report that includes, for each such 
        outstanding loan, an assessment of--
                    (A) market risk exposure and revenue contracts;
                    (B) technology, construction, and operations risk; 
                and
                    (C) risk of default.
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