To clarify the amount of loans to be guaranteed under title XVII of the Energy Policy Act of 2005, and for other purposes.

Bill: 110-hr-3241
Sponsor: Rep. Boucher, Rick [D-VA-9]
Introduced: 2007-07-31 in the House
Policy area: Energy
Subjects: Alternative energy sources
Construction industries
Construction workers
Economics and Public Finance
Energy research
Federally-guaranteed loans
Government Operations and Politics
Government contractors
Labor and Employment
Minimum wages
Research and development
Science, Technology, Communications
Subcontractors
Technological innovations
Wages

Summary:
action_date: 2007-07-31
text: 
 Amends the Energy Policy Act of 2005 to: (1) prohibit loan guarantees for innovative technologies from being less than the minimum amount determined by the Secretary of Energy to be likely to attract nonguaranteed investment adequate to capitalize the project; (2) authorize the Secretary to guarantee up to 100 % of any debt obligation of the borrower to fund an eligible project; and (3) prohibit the Secretary from issuing a rule or regulation establishing a lower percentage limit.
 
Conditions such loan guarantee upon reasonable assurances by the borrower that all laborers and mechanics employed by contractors or subcontractors in the performance of construction work financed in whole or in part with the loan will be paid wages at rates not less than those prevailing on similar work in the locality as determined by the Secretary of Labor.
 
Prohibits any appropriation authorized pursuant to the Act from excluding any category of specified eligible projects.

action_date: 2007-08-03
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Amends the Energy Policy Act of 2005 to: (1) prohibit loan guarantees for innovative technologies from being less than the minimum amount determined by the Secretary of Energy to be likely to attract nonguaranteed investment adequate to capitalize the project; (2) authorize the Secretary to guarantee up to 100 % of any debt obligation of the borrower to fund an eligible project; and (3) prohibit the Secretary from issuing a rule or regulation establishing a lower percentage limit.
 
Conditions such loan guarantee upon reasonable assurances by the borrower that all laborers and mechanics employed by contractors or subcontractors in the performance of construction work financed in whole or in part with the loan will be paid wages at rates not less than those prevailing on similar work in the locality as determined by the Secretary of Labor.
 
Prohibits any appropriation authorized pursuant to the Act from excluding any category of specified eligible projects.


Legislative actions:
action_date: 2007-08-24
text: Referred to the Subcommittee on Energy and Environment.
action_date: 2007-08-03
text: Placed on the Union Calendar, Calendar No. 196.
action_date: 2007-08-03
text: Committee on Science and Technology discharged.
action_date: 2007-08-03
text: Committee on Science and Technology discharged.
action_date: 2007-08-03
text: Reported by the Committee on Energy and Commerce. H. Rept. 110-309, Part I.
action_date: 2007-08-03
text: Reported by the Committee on Energy and Commerce. H. Rept. 110-309, Part I.
action_date: 2007-07-31
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Science 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.
action_date: 2007-07-31
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Science 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.
action_date: 2007-07-31
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Science 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.
action_date: 2007-07-31
text: Introduced in House
action_date: 2007-07-31
text: Introduced in House