Federal Energy Bank Act

[AI summary unavailable — showing source text] Federal Energy Bank Act - Title I: Findings and Purposes - Declares the purpose of this Act to be to provide financing for: (1) energy conservation; (2) the development of adequate energy supplies consistent with the protection of the environment; and (3) the coordination of Federal expenditures in accordance with a comprehensive energy plan. Title II: Corporate Status, General Powers, and Tax States - Establishes a Federal Energy Bank as an agency of the United States with its principal office located in the District of Columbia. Enumerates the corporate powers of the Bank. Exempts the Bank from all Federal, State and local taxes except: (1) real property taxes; and (2) taxes on any entity acquired or activity undertaken by the Bank which engages directly in the production or trade of energy-related commodities or facilities. Title III: Financial Assistance - Authorizes the Bank to provide any form of advance, extension of credit, investment, or guarantee, excluding grants-in-aid, to any public or private entity for: (1) the purchase, construction, or expansion of productive facilities; (2) the acquisition of capital assets, land and mineral rights; and (3) the purpose of providin…