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Reclaiming the Solar Supply Chain Act of 2023
3/12/2024, 1:52 AM
Summary of Bill S 1643
Bill 118 s 1643, also known as the Reclaiming the Solar Supply Chain Act of 2023, aims to address the challenges faced by the solar energy industry in the United States. The bill focuses on promoting domestic manufacturing and supply chain development for solar energy products.
One of the key provisions of the bill is the establishment of a Solar Supply Chain Task Force, which will be responsible for developing a comprehensive strategy to strengthen the domestic solar supply chain. This task force will work with industry stakeholders, government agencies, and other relevant parties to identify barriers to domestic manufacturing and develop solutions to overcome them.
Additionally, the bill includes provisions to provide financial incentives for companies that invest in domestic solar manufacturing facilities. This includes tax credits, grants, and other forms of financial assistance to help companies establish or expand their manufacturing operations in the United States. The bill also includes measures to promote research and development in the solar energy sector, with a focus on improving the efficiency and cost-effectiveness of solar technologies. This includes funding for research projects, technology demonstrations, and workforce training programs to support innovation in the industry. Overall, the Reclaiming the Solar Supply Chain Act of 2023 aims to support the growth of the domestic solar energy industry, create jobs, and reduce reliance on foreign sources for solar products. By promoting domestic manufacturing and supply chain development, the bill seeks to strengthen the competitiveness of the United States in the global solar energy market.
One of the key provisions of the bill is the establishment of a Solar Supply Chain Task Force, which will be responsible for developing a comprehensive strategy to strengthen the domestic solar supply chain. This task force will work with industry stakeholders, government agencies, and other relevant parties to identify barriers to domestic manufacturing and develop solutions to overcome them.
Additionally, the bill includes provisions to provide financial incentives for companies that invest in domestic solar manufacturing facilities. This includes tax credits, grants, and other forms of financial assistance to help companies establish or expand their manufacturing operations in the United States. The bill also includes measures to promote research and development in the solar energy sector, with a focus on improving the efficiency and cost-effectiveness of solar technologies. This includes funding for research projects, technology demonstrations, and workforce training programs to support innovation in the industry. Overall, the Reclaiming the Solar Supply Chain Act of 2023 aims to support the growth of the domestic solar energy industry, create jobs, and reduce reliance on foreign sources for solar products. By promoting domestic manufacturing and supply chain development, the bill seeks to strengthen the competitiveness of the United States in the global solar energy market.
Congressional Summary of S 1643
Reclaiming the Solar Supply Chain Act of 2023
This bill requires the Department of Energy (DOE) to establish a program that awards grants and direct loans to support a solar component manufacturing supply chain. Under the program, DOE must award grants and loans to manufacturers and other eligible entities for (1) constructing new facilities that manufacture solar components; and (2) retooling, retrofitting, or expanding existing facilities that manufacture solar components.
Read the Full Bill
Current Status of Bill S 1643
Bill S 1643 is currently in the status of Bill Introduced since May 17, 2023. Bill S 1643 was introduced during Congress 118 and was introduced to the Senate on May 17, 2023. Bill S 1643's most recent activity was Read twice and referred to the Committee on Energy and Natural Resources. as of May 17, 2023
Bipartisan Support of Bill S 1643
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
8Democrat Cosponsors
8Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1643
Primary Policy Focus
EnergyAlternate Title(s) of Bill S 1643
Reclaiming the Solar Supply Chain Act of 2023
Reclaiming the Solar Supply Chain Act of 2023
A bill to require the Secretary of Energy to carry out a program to provide grants and loans to support and expand the domestic solar component manufacturing supply chain, and for other purposes.
Comments
Sponsors and Cosponsors of S 1643
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