S 1510 · 112th Congress · Energy
Clean Energy Financing Act of 2011
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 127.(2011-08-30)
Plain Language Summary
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Clean Energy Financing Act of 2011 - Establishes in the Treasury the Clean Energy Investment Fund, consisting of: (1) amounts appropriated for expenses to implement a loan guarantee program that provides incentives for innovative technologies; and (2) amounts deposited in or appropriated for the Fund. Amends the Energy Policy Act of 2005 to revise provisions concerning such program, including by revising the definition of "commercial technology," requiring payments from the borrower to not be a debt obligation that is made or guaranteed by the federal government, and authorizing the Secretary to waive requirements to provide a third-party credit report if it is not relevant to determining the credit risk of an applicant or project. Includes as an eligible category for guarantees: (1) nuclear power parts, services, and fuel suppliers, and small modular reactors, if additional loan volume authority is provided for a project for an advanced nuclear energy facility in an appropriation Act enacted after July 1, 2011; and (2) substitute natural gas production facilities, if the gas is produced from a solid feedstock through a gasification process in a manner that captures, for …
Summarized by Claude AI · Non-partisan · For informational purposes only