[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5092 Introduced in House (IH)]
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118th CONGRESS
1st Session
H. R. 5092
To amend title XVII of the Energy Policy Act of 2005 to specify that
the Secretary of Energy may not make a loan guarantee under such title
for a project if the applicable borrower has previously defaulted on an
obligation guaranteed under such title, and for other purposes.
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IN THE HOUSE OF REPRESENTATIVES
July 28, 2023
Mr. Walberg 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
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A BILL
To amend title XVII of the Energy Policy Act of 2005 to specify that
the Secretary of Energy may not make a loan guarantee under such title
for a project if the applicable borrower has previously defaulted on an
obligation guaranteed under such title, 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 ``Energy Accountability Act''.
SEC. 2. DISQUALIFICATION OF BORROWERS WHO HAVE PREVIOUSLY DEFAULTED.
Section 1702 of the Energy Policy Act of 2005 (42 U.S.C. 16512) is
amended by adding at the end the following:
``(s) Disqualification for Previous Defaults.--The Secretary may
not make a guarantee under this title for a project if the borrower or
any related or successor entity, as determined by the Secretary, has
previously defaulted on an obligation guaranteed under this title.''.
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