Energy Accountability Act
HR 5092, the Energy Accountability Act, amends the Energy Policy Act of 2005 to disqualify borrowers from receiving federal loan guarantees for energy projects if they or related entities previously defaulted on a similar guaranteed obligation. The bill directly affects energy project developers seeking federal loan guarantees by barring those with prior defaults on projects covered under the same program. Its key mechanism requires the Secretary of Energy to deny guarantees for new projects where the borrower has a history of defaulting on prior guaranteed obligations. This change applies to all borrowers and related entities as determined by the Secretary, focusing solely on eligibility criteria for federal loan guarantees.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 28, 2023
Last action Aug 4, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Aug 4, 2023
Committee
Referred to the Subcommittee on Energy, Climate and Grid Security.
lower
Jul 28, 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 28, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tim Walberg
RRepublican
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