HR 1491 · 118th Congress · Commerce
Small Business Energy Loan Enhancement Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2023-03-09)
Plain Language Summary
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Small Business Energy Loan Enhancement Act This bill increases from $5.5 million to $10 million the maximum amount of certain Small Business Administration loans for plant acquisition, construction, conversion, and expansion. Projects eligible for these increased loan amounts must (1) reduce the borrower's energy consumption by at least 10%; or (2) generate renewable energy or renewable fuels, such as biodiesel or ethanol production.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
16 Democrats4 Republicans