504 Green Energy Enhancement Act

Bill: 117-s-1758
Sponsor: full_name: Sen. Hickenlooper, John W. [D-CO]
Introduced: 2021-05-20
Policy area: Commerce
Subjects: Air quality

Alternative and renewable resources

Climate change and greenhouse gases

Congressional oversight

Energy efficiency and conservation

Government lending and loan guarantees

Industrial facilities

Manufacturing

Small business
Latest action: action_date: 2021-05-20
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2021-05-20
action_desc: Introduced in Senate
text: <p><b>504 Green Energy Enhancement Act</b></p> <p>This bill increases from $5.5 million to $20 million the maximum amount of certain Small Business Administration loans for plant acquisition, construction, conversion, and expansion. Projects eligible for these increased loan amounts must (1) reduce the borrower's energy consumption by at least 10%; or (2) generate renewable energy or renewable fuels, such as biodiesel or ethanol production.</p>

tv_txt: II 117th CONGRESS 1st Session S. 1758 IN THE SENATE OF THE UNITED STATES May 20, 2021 Mr. Hickenlooper introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To amend the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans.

1. Short title This Act may be cited as the 504 Green Energy Enhancement Act . 2. Increase in certain maximum loan amounts (a) In general Section 502(2)(A) of the Small Business Investment Act of 1958 ( 15 U.S.C. 696(2)(A) ) is amended— (1) in clause (iv), by striking $5,500,000 and inserting $20,000,000 ; and (2) in clause (v), by striking $5,500,000 and inserting $20,000,000 . (b) Report Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Administrator of the Small Business Administration shall submit to Congress a report that details, for the year covered by the report, the industries and geographic areas with respect to which the Administrator has made loans under clauses (iv) and (v) of section 502(2)(A) of the Small Business Investment Act of 1958 ( 15 U.S.C. 696(2)(A) ), as amended by subsection (a).