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Main Street Efficiency Act of 2021
12/31/2022, 5:03 AM
Summary of Bill HR 4903
Bill 117 HR 4903, also known as the Main Street Efficiency Act of 2021, aims to promote energy efficiency in small businesses and commercial buildings across the United States. The bill focuses on providing financial incentives and technical assistance to help these businesses reduce their energy consumption and lower their utility costs.
One key provision of the bill is the establishment of a grant program to assist small businesses in implementing energy efficiency upgrades, such as installing energy-efficient lighting, heating, and cooling systems. These grants would help offset the upfront costs of these improvements, making it more feasible for small businesses to invest in energy-saving technologies.
Additionally, the Main Street Efficiency Act of 2021 includes measures to streamline the process for small businesses to access financing for energy efficiency projects. This includes providing technical assistance to help businesses navigate the various financing options available to them, such as energy efficiency loans and tax incentives. Overall, the goal of Bill 117 HR 4903 is to support small businesses in becoming more energy efficient, ultimately reducing their carbon footprint and saving money on their energy bills. By incentivizing energy efficiency upgrades and providing resources to help businesses implement these changes, the bill aims to promote sustainability and economic growth in communities across the country.
One key provision of the bill is the establishment of a grant program to assist small businesses in implementing energy efficiency upgrades, such as installing energy-efficient lighting, heating, and cooling systems. These grants would help offset the upfront costs of these improvements, making it more feasible for small businesses to invest in energy-saving technologies.
Additionally, the Main Street Efficiency Act of 2021 includes measures to streamline the process for small businesses to access financing for energy efficiency projects. This includes providing technical assistance to help businesses navigate the various financing options available to them, such as energy efficiency loans and tax incentives. Overall, the goal of Bill 117 HR 4903 is to support small businesses in becoming more energy efficient, ultimately reducing their carbon footprint and saving money on their energy bills. By incentivizing energy efficiency upgrades and providing resources to help businesses implement these changes, the bill aims to promote sustainability and economic growth in communities across the country.
Congressional Summary of HR 4903
Main Street Efficiency Act of 2021
This bill requires the Department of Energy to establish a grant program that provides incentives for small businesses to make energy efficiency upgrades.
Read the Full Bill
Current Status of Bill HR 4903
Bill HR 4903 is currently in the status of Bill Introduced since July 30, 2021. Bill HR 4903 was introduced during Congress 117 and was introduced to the House on July 30, 2021. Bill HR 4903's most recent activity was Referred to the Subcommittee on Energy. as of August 2, 2021
Bipartisan Support of Bill HR 4903
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
48Democrat Cosponsors
48Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4903
Primary Policy Focus
EnergyPotential Impact Areas
- Congressional oversight
- Electric power generation and transmission
- Energy efficiency and conservation
- Energy storage, supplies, demand
- Military personnel and dependents
- Minority and disadvantaged businesses
- Oil and gas
- Public utilities and utility rates
- Rural conditions and development
- Small business
- Veterans' education, employment, rehabilitation
Alternate Title(s) of Bill HR 4903
To require the Secretary of Energy to establish a grant program to incentivize small business participation in demand side management programs, and for other purposes.
Main Street Efficiency Act of 2021
Main Street Efficiency Act of 2021
Comments
Sponsors and Cosponsors of HR 4903
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