HR 2389 · 110th Congress · Commerce
Small Energy Efficient Businesses Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Ordered to be Reported by Voice Vote.(2007-05-23)
Plain Language Summary
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Small Energy Efficient Businesses Act - Amends the Small Business Investment Act of 1958 to: (1) authorize financial assistance through the Small Business Administration (SBA) to state and local development companies for projects that reduce energy consumption by at least 10%, reduce the use of non-renewable energy sources, or generate renewable energy sources; and (2) provide loan limits for such projects. Amends the Small Business Act to direct the SBA Administrator to make small business loans to purchase energy efficient equipment or fixtures, or to reduce the borrower's energy consumption. Authorizes a small business development center to carry out a small business sustainability initiative (support to small businesses to evaluate their energy efficiency and achieve increased efficiency). Directs the Administrator to develop and coordinate a program to provide small business education on energy efficiency. Authorizes small business investment companies to issue Energy Saving debentures. Requires the Administrator to establish a Renewable Fuel Capital Investment Program under which the Administrator may: (1) enter into participation agreements with renewable fuel capital invest…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 2389, Small Energy Efficient Businesses Act
Jul 20, 2007<p>Cost estimate for the bill as ordered reported by the House Committee on Small Business on May 23, 2007</p>
Full CBO report ↗H.R. 2389, Small Energy Efficient Businesses Act
Jul 20, 2007Cost estimate for the bill as ordered reported by the House Committee on Small Business on May 23, 2007
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office