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United States · Bill · HR

H.R. 3241 (110th)

To clarify the amount of loans to be guaranteed under title XVII of the Energy Policy Act of 2005, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

31 July 2007

Last action

—

Status

Referred to the Subcommittee on Energy and Environment.

Sponsors

—

Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Amends the Energy Policy Act of 2005 to: (1) prohibit loan guarantees for innovative technologies from being less than the minimum amount determined by the Secretary of Energy to be likely to attract nonguaranteed investment adequate to capitalize the project; (2) authorize the Secretary to guarantee up to 100 % of any debt obligation of the borrower to fund an eligible project; and (3) prohibit the Secretary from issuing a rule or regulation establishing a lower percentage limit. Conditions such loan guarantee upon reasonable assurances by the borrower that all laborers and mechanics employed by contractors or subcontractors in the performance of construction work financed in whole or in part with the loan will be paid wages at rates not less than those prevailing on similar work in the locality as determined by the Secretary of Labor. Prohibits any appropriation authorized pursuant to the Act from excluding any category of specified eligible projects.

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Documents

6 official files

Reported in House (text)

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