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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.

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.

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
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
48
Democrat Cosponsors
48
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4903

Primary Policy Focus

Energy

Potential 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

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