Energy Accountability Act

Bill: 117-hr-5292
Sponsor: full_name: Rep. Young, Don [R-AK-At Large]
Introduced: 2021-09-17
Policy area: Energy
Latest action: action_date: 2021-09-20
text: Referred to the Subcommittee on Energy.

Summaries:
action_date: 2021-09-17
action_desc: Introduced in House
text: <p><b>Energy Accountability Act</b></p> <p>This bill prohibits the Department of Energy (DOE) from making a loan guarantee for any entity that previously defaulted on an obligation under title XVII of the Energy Policy Act of 2005. Under that title, DOE must make loan guarantees for innovative energy technologies, such as technologies to reduce or sequester greenhouse gases.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 5292 IN THE HOUSE OF REPRESENTATIVES September 17, 2021 Mr. Young introduced the following bill; which was referred to the Committee on Energy and Commerce , and in addition to the Committee on Science, Space, 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 A BILL To amend title XVII of the Energy Policy Act of 2005 to specify that the Secretary of Energy may not make a loan guarantee under such title for a project if the applicable borrower has previously defaulted on an obligation guaranteed under such title, and for other purposes.

1. Short title This Act may be cited as the Energy Accountability Act . 2. Disqualification of borrowers who have previously defaulted Section 1702 of the Energy Policy Act of 2005 ( 42 U.S.C. 16512 ) is amended by adding at the end the following: (r) Disqualification for previous defaults The Secretary may not make a guarantee under this title for a project if the borrower or any related or successor entity, as determined by the Secretary, has previously defaulted on an obligation guaranteed under this title. .