Summary of Bill S 5635
Bill 118 s 5635, also known as the Department of Energy Tribal Loan Guarantee Program Amendment Act, aims to make changes to the Energy Policy Act of 1992. The main focus of this bill is to enhance the Department of Energy's Tribal loan guarantee program. This program provides financial assistance to Native American tribes for energy development projects.
The proposed amendments in this bill seek to streamline the application process for tribes seeking loan guarantees, increase the maximum loan guarantee amount, and extend the program's authorization through 2025. Additionally, the bill includes provisions to improve transparency and accountability in the program's administration.
Overall, the Department of Energy Tribal Loan Guarantee Program Amendment Act aims to support Native American tribes in developing clean energy projects and promoting economic growth within their communities. The bill is currently under consideration in the US Congress and has bipartisan support.