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Hydrogen Infrastructure Finance and Innovation Act

12/15/2023, 4:06 PM

Congressional Summary of S 649

Hydrogen Infrastructure Finance and Innovation Act

This bill requires the Department of Energy (DOE) to establish a hydrogen infrastructure finance and innovation pilot program. Under the program, DOE must provide grants and low-interest loans to certain entities for hydrogen infrastructure, including projects for hydrogen transportation, storage, or delivery.

Current Status of Bill S 649

Bill S 649 is currently in the status of Bill Introduced since March 2, 2023. Bill S 649 was introduced during Congress 118 and was introduced to the Senate on March 2, 2023.  Bill S 649's most recent activity was Read twice and referred to the Committee on Energy and Natural Resources. as of March 2, 2023

Bipartisan Support of Bill S 649

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
9
Democrat Cosponsors
5
Republican Cosponsors
4
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 649

Primary Policy Focus

Energy

Potential Impact Areas

- Alternative and renewable resources
- Business records
- Climate change and greenhouse gases
- Economic performance and conditions
- Energy research
- Energy storage, supplies, demand
- Environmental assessment, monitoring, research
- Government lending and loan guarantees
- Government studies and investigations
- Infrastructure development
- Interest, dividends, interest rates
- Motor carriers
- Oil and gas
- Pipelines
- Research and development
- Transportation programs funding

Alternate Title(s) of Bill S 649

Hydrogen Infrastructure Finance and Innovation Act
Hydrogen Infrastructure Finance and Innovation Act
A bill to require the Secretary of Energy to establish a hydrogen infrastructure finance and innovation pilot program, and for other purposes.

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