LOAN Act
HR 4677, the LOAN Act, extends eligibility for federal loan guarantees to advanced nuclear reactor demonstration projects under the Energy Policy Act of 2005's Section 959A(b) for 15 years from its enactment. This change modifies existing provisions in the Department of Energy Loan Programs Office, the Omnibus Appropriations Act of 2009, and the Department of Defense Appropriations Act of 2011 to include these projects under the same loan guarantee rules as other energy infrastructure. It directly affects developers of advanced nuclear reactor demonstration projects seeking federal financial support through the Energy Policy Act's established program. The bill makes no new funding commitments but adjusts eligibility criteria for existing loan guarantee programs.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 17, 2023
Last action Jul 21, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Jul 21, 2023
Committee
Referred to the Subcommittee on Energy, Climate and Grid Security.
lower
Jul 17, 2023
Committee
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.
lower
Jul 17, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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