First Three Act of 2022

Hozzl · 2022-12-29T22:48:20Z

Explore the details of Senate Bill 3987 First Three Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

12/29/2022, 10:48 PM

Congressional Summary of S 3987

First Three Act of 2022

This bill requires the Department of Energy to establish a program to provide grants or loan guarantees for certain innovative technology projects at industrial plants. The technology must (1) be technically viable at pilot scale and ready for commercial-scale implementation, (2) be able to significantly reduce energy use or greenhouse gas emissions, and (3) have the potential to significantly reduce annual U.S. industrial energy use or greenhouse gas emissions if the technology is widely implemented at appropriate industrial plants in the United States.

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Current Status of Bill S 3987

Bill S 3987 is currently in the status of Bill Introduced since March 31, 2022. Bill S 3987 was introduced during Congress 117 and was introduced to the Senate on March 31, 2022. Bill S 3987's most recent activity was Read twice and referred to the Committee on Energy and Natural Resources. as of March 31, 2022

Bipartisan Support of Bill S 3987

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3987

Primary Policy Focus

Energy

Alternate Title(s) of Bill S 3987

First Three Act of 2022

A bill to require the Secretary of Energy to provide grants and loan guarantees for commercial-scale implementation of transformative industrial technologies, and for other purposes.