To amend the Food, Conservation, and Energy Act of 2008 to clarify propane storage as an eligible use for funds provided under the storage facility loan program, and for other purposes.
12/6/2023, 4:46 AMSummary of Bill HR 1290
Bill 118 hr 1290, also known as the Propane Storage Clarification Act, aims to amend the Food, Conservation, and Energy Act of 2008 to specify that propane storage is an eligible use for funds provided under the storage facility loan program. This bill seeks to clarify and expand the types of storage facilities that can receive financial assistance through this program.The bill recognizes the importance of propane storage for ensuring energy security and stability in the United States. By including propane storage as an eligible use for funds under the storage facility loan program, the bill aims to support the development and maintenance of propane storage facilities across the country.
In addition to clarifying propane storage as an eligible use for funds, the bill also includes provisions for other purposes related to the storage facility loan program. These provisions are aimed at improving the efficiency and effectiveness of the program, as well as ensuring that funds are used in a responsible and transparent manner. Overall, the Propane Storage Clarification Act is a targeted piece of legislation that seeks to address a specific issue related to energy storage. By clarifying the eligibility of propane storage facilities for financial assistance, the bill aims to support the development of a key component of the nation's energy infrastructure.
Congressional Summary of HR 1290
This bill specifies that funds provided under the Farm Storage Facility Loan Program may be used to construct or upgrade storage facilities for propane that is primarily used for agricultural production.
This Department of Agriculture loan program provides low-interest financing for agricultural producers to build or upgrade commodity storage facilities. Some agricultural producers use propane to power agricultural operations (e.g., grain dryers, irrigation engines, and barn heating).
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Current Status of Bill HR 1290
Bill HR 1290 is currently in the status of Bill Introduced since March 1, 2023. Bill HR 1290 was introduced during Congress 118 and was introduced to the House on March 1, 2023. Bill HR 1290's most recent activity was Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. as of April 4, 2023Bipartisan Support of Bill HR 1290
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
12Democrat Cosponsors
2Republican Cosponsors
10Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1290
Primary Policy Focus
Agriculture and FoodAlternate Title(s) of Bill HR 1290
To amend the Food, Conservation, and Energy Act of 2008 to clarify propane storage as an eligible use for funds provided under the storage facility loan program, and for other purposes.To amend the Food, Conservation, and Energy Act of 2008 to clarify propane storage as an eligible use for funds provided under the storage facility loan program, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 1290
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