[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4677 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4677

 To provide additional Federal flexibility to enhance the development 
 and deployment of advanced nuclear reactor technology, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 2023

 Mr. Donalds introduced the following bill; which was referred to the 
 Committee on Energy and Commerce, and in addition to the Committee on 
    Science, Space, and Technology, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To provide additional Federal flexibility to enhance the development 
 and deployment of advanced nuclear reactor technology, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Leverage Obligated appropriations 
for Advanced Nuclear Act'' or the ``LOAN Act''.

SEC. 2. TEMPORARY EXCEPTION TO THE DENIAL OF DOUBLE BENEFIT FOR CERTAIN 
              LOAN GUARANTEES RELATED TO THE ADVANCED REACTOR 
              DEMONSTRATION PROGRAM.

    (a) Funding for Department of Energy Loan Programs Office.--Section 
50141(d)(3) of the Public Law 117-169 is amended--
            (1) in subparagraph (C), by striking the ``or'' at the end;
            (2) in subparagraph (D), by striking ``guarantee.'' and 
        inserting ``guarantee; or''; and
            (3) by adding at the end the following:
                    ``(E) during the period of 15 years that begins on 
                the date of enactment of the LOAN Act, demonstration 
                projects carried out under the program established 
                under section 959A(b) of the Energy Policy Act of 2005 
                (42 U.S.C. 16279a(b)).''.
    (b) Omnibus Appropriations Act, 2009.--The 9th proviso in the 
matter under the heading ``Department of Energy, Title 17 Innovative 
Technology Loan Guarantee Authority Loan Program'', in title III of 
division C of Public Law 111-8, is amended--
            (1) by striking ``or (d) for electric generation projects'' 
        and inserting ``(d) for electric generation projects''; and
            (2) by inserting ``; or (e) during the period of 15 years 
        that begins on the date of enactment of the LOAN Act, 
        demonstration projects carried out under the program 
        established under section 959A(b) of the Energy Policy Act of 
        2005 (42 U.S.C. 16279a(b))'' after ``independent of the project 
        receiving the guarantee''.
    (c) Department of Defense and Full-Year Continuing Appropriations 
Act, 2011.--Section 1425 of the Department of Defense and Full-Year 
Continuing Appropriations Act, 2011 is amended--
            (1) by striking ``or (4) electric generation projects'' and 
        inserting ``(4) electric generation projects''; and
            (2) by inserting ``; or (5) during the period of 15 years 
        that begins on the date of enactment of the LOAN Act, 
        demonstration projects carried out under the program 
        established under section 959A(b) of the Energy Policy Act of 
        2005 (42 U.S.C. 16279a(b))'' after ``independent of the project 
        receiving the guarantee''.

SEC. 3. ELIGIBILITY OF ADVANCED REACTOR DEMONSTRATION PROJECTS FOR 
              CERTAIN LOAN GUARANTEES.

    (a) Incentives for Innovative Technologies.--Section 1703(b) of the 
Energy Policy Act of 2005 (42 U.S.C. 16513(b)) is amended by adding at 
the end the following:
            ``(14) During the period of 15 years that begins on the 
        date of enactment of the LOAN Act, demonstration projects 
        carried out under the program established under section 
        959A(b).''.
    (b) Energy Infrastructure Reinvestment Financing.--Section 1706(b) 
of the Energy Policy Act of 2005 (42 U.S.C. 16517(b)) is amended by 
inserting ``and, during the period of 15 years that begins on the date 
of enactment of the LOAN Act, a demonstration project carried out under 
the program established under section 959A(b)'' after ``energy 
infrastructure''.
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