A bill to amend the Energy Policy Act of 2005 to disqualify certain borrowers from receiving a guarantee for a project, and for other purposes.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3152 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 3152

To amend the Energy Policy Act of 2005 to disqualify certain borrowers 
   from receiving a guarantee for a project, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                            November 3, 2021

 Mr. Barrasso introduced the following bill; which was read twice and 
       referred to the Committee on Energy and Natural Resources

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                                 A BILL


 
To amend the Energy Policy Act of 2005 to disqualify certain borrowers 
   from receiving a guarantee for a project, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DISQUALIFICATION OF BORROWERS WHO HAVE PREVIOUSLY DEFAULTED.

    (a) Incentives for Innovative Technologies.--Section 1702 of the 
Energy Policy Act of 2005 (42 U.S.C. 16512) is amended--
            (1) by redesignating subsections (i) through (q) as 
        subsections (j) through (r), respectively; and
            (2) by inserting after subsection (h) the following:
    ``(i) Disqualification for Previous Defaults.--The Secretary may 
not make a guarantee under this title for a project if the borrower has 
previously defaulted on an obligation guaranteed under this title.''.
    (b) Advanced Technology Vehicles Manufacturing Incentive Program.--
Section 136(d) of the Energy Independence and Security Act of 2007 (42 
U.S.C. 17013(d)) is amended by adding at the end the following:
            ``(5) Disqualification for previous defaults.--The 
        Secretary may not provide a loan under this subsection to an 
        applicant for the loan if the applicant has previously 
        defaulted on a loan provided under this subsection.''.
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