Tribal Energy Investment Act of 2022

Bill: 117-hr-8068
Sponsor: full_name: Rep. Leger Fernandez, Teresa [D-NM-3]
Introduced: 2022-06-15
Policy area: Native Americans
Latest action: action_date: 2022-06-16
text: Referred to the Subcommittee on Energy.

Summaries:
action_date: 2022-06-15
action_desc: Introduced in House
text: <p><strong>Tribal Energy Investment Act of 2022</strong></p> <p>This bill authorizes the Department of Energy to provide direct loans to Indian tribes and tribal energy development organizations for energy development. These direct loans shall be made through the Federal Financing Bank.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 8068 IN THE HOUSE OF REPRESENTATIVES June 15, 2022 Ms. Leger Fernandez (for herself, Mr. Cole , Mr. O'Halleran , and Ms. Davids of Kansas ) 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 Natural Resources , 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 include in a report the amount available to the Secretary of Energy to make certain loan guarantees, to amend the Energy Policy Act of 1992 to provide for direct loans to Indian tribes and tribal energy development organizations for energy development, and for other purposes.

1. Short title This Act may be cited as the Tribal Energy Investment Act of 2022 . 2. Report on certain Department of Energy loan guarantees Section 1702(q) of the Energy Policy Act of 2005 ( 42 U.S.C. 16512(q) ) is amended— (1) in paragraph (1), by striking 3 and inserting 2 ; (2) by redesignating paragraphs (8) and (9) as paragraphs (9) and (10), respectively; and (3) by inserting after paragraph (7) the following: (8) the amount available to the Secretary to make guarantees under this title; . 3. Direct loans (a) In general Section 2602(c) of the Energy Policy Act of 1992 ( 25 U.S.C. 3502(c) ) is amended— (1) in the heading, by striking Guarantee ; (2) in paragraph (1), by inserting and in addition to the authority provided by paragraph (8), after Subject to paragraphs (2) and (4), ; (3) in paragraph (2), by inserting , or a direct loan, after providing a loan guarantee ; (4) by amending paragraph (4) to read as follows: (4) At any time, the sum of the aggregate outstanding amount guaranteed and the aggregate outstanding amount of direct loans provided pursuant to this subsection shall not exceed $2,000,000,000. ; and (5) by adding at the end the following: (8) (A) Subject to paragraphs (2) and (4), and in addition to the authority provided by paragraph (1), the Secretary of Energy may provide direct loans (as defined in section 502 of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661a )) to an Indian tribe or a tribal energy development organization for energy development. (B) Direct loans provided under this subsection shall be made through the Federal Financing Bank, with the full faith and credit of the United States Government on the principal and interest. . (b) Previous funding Amounts appropriated or otherwise made available for the cost of loan guarantees under section 2602(c) of the Energy Policy Act of 1992 ( 25 U.S.C. 3502(c) ) as in effect on the day before the date of the enactment of this Act may also be made available for the cost of direct loans as authorized by the amendments made by this Act.