H.R. 6213 would revise the terms and conditions governing the Department of Energy’s (DOE’s) loan guarantee program for advanced energy technologies, which was established under title 17 of the Energy Policy Act of 2005. It would restrict eligibility for future guarantees to projects that submitted applications before December 31, 2011, require the Secretary of the Treasury to review those guarantees, and direct DOE to consult with the Treasury regarding any changes in the terms and conditions of a loan guarantee. The bill also would impose certain administrative sanctions and civil penalties on federal officials who violate the requirements of the title 17 program and would direct the Government Accountability Office (GAO) to prepare a comprehensive report on federal energy subsidies.
Please read full and follow at:
http://www.cbo.gov/publication/43566
Please read full and follow at:
http://www.cbo.gov/publication/43566