SPARC Act

Hozzl · 2023-12-15T15:57:15Z

Explore the details of House Bill 2761 SPARC Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Health. Stay informed on legislative developments.

12/15/2023, 3:57 PM

Summary of Bill HR 2761

The SPARC Act, also known as Bill 118 hr 2761, is a piece of legislation introduced in the US Congress with the aim of promoting the development and deployment of solar energy technologies. The acronym SPARC stands for Solar Power and Renewable Energy Credit Act.

The main provisions of the SPARC Act include the establishment of a federal investment tax credit for solar energy systems, as well as the extension of the current tax credit for residential and commercial solar installations. The bill also aims to streamline the permitting process for solar projects and provide funding for research and development in the solar energy sector.

Additionally, the SPARC Act seeks to increase access to solar energy for low-income households and communities, as well as promote workforce development in the solar industry. The bill has received bipartisan support in Congress, with proponents arguing that it will help reduce greenhouse gas emissions, create jobs, and stimulate economic growth. Overall, the SPARC Act is seen as a key piece of legislation in the effort to transition to a more sustainable and renewable energy future in the United States.

Congressional Summary of HR 2761

Specialty Physicians Advancing Rural Care Act or the SPARC Act

This bill establishes student loan repayment programs to support the provision of specialty medical care in rural areas.

The Health Resources and Services Administration (HRSA) must carry out such a program for certain specialty medicine physicians who provide care in rural communities with shortages of such physicians. Physicians must agree to a period of obligated service and, for each year of such service, HRSA must pay one-sixth of the principal payment and interest on eligible loans up to a maximum cap of $250,000. Additionally, HRSA may carry out a similar loan repayment program for nonphysician specialty health care providers.

Current Status of Bill HR 2761

Bill HR 2761 is currently in the status of Bill Introduced since April 20, 2023. Bill HR 2761 was introduced during Congress 118 and was introduced to the House on April 20, 2023. Bill HR 2761's most recent activity was Referred to the House Committee on Energy and Commerce. as of April 20, 2023