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United States · Bill · HR

H.R. 12876 (95th)

Solar Energy Bank Act

referredUnited States· United States Congress· EN

Introduced

25 May 1978

Last action

25 May 1978 · Introduced

Status

Referred to House Committee on Banking, Finance and Urban Affairs.

Sponsors

Rep. Neal, Stephen L. [D-NC-5], Rep. Fraser, Donald M. [D-MN-5], Rep. Studds, Gerry E. [D-MA-12], Rep. Harris, Herbert E., II [D-VA-8], Rep. Rangel, Charles B. [D-NY-19], Rep. Akaka, Daniel K. [D-HI-2], Rep. Allen, Clifford R. [D-TN-5], Rep. Brodhead, William [D-MI-17], Rep. Dellums, Ronald V. [D-CA-8], Rep. Bonker, Don [D-WA-3], Rep. Frey, Lou, Jr. [R-FL-9], Rep. Heftel, Cecil [D-HI-1], Rep. Pressler, Larry [R-SD-1], Rep. Madigan, Edward R. [R-IL-21], Rep. Pease, Donald J. [D-OH-13], Rep. Scheuer, James H. [D-NY-11], Rep. Waxman, Henry A. [D-CA-24], Rep. Edgar, Robert W. [D-PA-7], Rep. Ford, William D. [D-MI-15], Rep. Gibbons, Sam [D-FL-7], Rep. Lent, Norman F. [R-NY-4], Rep. Stark, Fortney Pete [D-CA-9], Rep. Price, Melvin [D-IL-23], Rep. Bingham, Jonathan B. [D-NY-22], Rep. Lagomarsino, Robert J. [R-CA-19]

Subjects

Energy

Source updated

2 September 2025

Energy

Official sourceView documentsShare

Summary

Solar Energy Bank Act - Creates a Government corporation to be known as the Solar Energy Development Bank to make long-term, low-interest loans to encourage the use of solar energy in commercial and residential dwellings. Establishes procedures governing the processing and approval of loan applications by the Bank. Prohibits conflicts of interest, on the part of officers or employees of the Bank. Prohibits the Bank or its employees from utilizing the Solar Bank to finance political activities. Imposes criminal penalties for the furnishing of false or misleading information by applicants for loans under this Act. Declares that the Solar Bank and its assets shall be exempt by Federal, State, and local taxation. Establishes a Solar Energy Fund in the Treasury of the United States to pay the expenses of the Bank. Authorizes the appropriation of $5,000,000,000 to the Fund.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 25 May 1978

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  2. 25 May 1978

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 May 1978

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

Sources

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