A bill to amend the Energy Policy Act of 2005 to disqualify certain borrowers from receiving a guarantee for a project, and for other purposes.

Bill: 117-s-3152
Sponsor: full_name: Sen. Barrasso, John [R-WY]
Introduced: 2021-11-03
Policy area: Energy
Subjects: Advanced technology and technological innovations

Government lending and loan guarantees

Motor vehicles
Latest action: action_date: 2022-12-01
text: Committee on Energy and Natural Resources. Hearings held.

Summaries:
action_date: 2021-11-03
action_desc: Introduced in Senate
text: <p>This bill bars a recipient from receiving additional loan guarantees through the Clean Energy Financing Program or the Advanced Technology Vehicles Manufacturing Program if the recipient has previously defaulted on a loan guaranteed through those programs.</p>

tv_txt: II 117th CONGRESS 1st Session S. 3152 IN THE SENATE OF THE UNITED STATES November 3, 2021 Mr. Barrasso introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To amend the Energy Policy Act of 2005 to disqualify certain borrowers from receiving a guarantee for a project, and for other purposes.

1. Disqualification of borrowers who have previously defaulted (a) Incentives for innovative technologies Section 1702 of the Energy Policy Act of 2005 ( 42 U.S.C. 16512 ) is amended— (1) by redesignating subsections (i) through (q) as subsections (j) through (r), respectively; and (2) by inserting after subsection (h) the following: (i) Disqualification for previous defaults The Secretary may not make a guarantee under this title for a project if the borrower has previously defaulted on an obligation guaranteed under this title. . (b) Advanced technology vehicles manufacturing incentive program Section 136(d) of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17013(d) ) is amended by adding at the end the following: (5) Disqualification for previous defaults The Secretary may not provide a loan under this subsection to an applicant for the loan if the applicant has previously defaulted on a loan provided under this subsection. .