H.R.2150 - To increase the amount of direct loans that may be provided by the Secretary of Energy to improve facilities for advanced technology vehicles manufacturing.111th Congress (2009-2010)
Text: H.R.2150 — 111th Congress (2009-2010)
There is one version of the bill.
Introduced in House (04/28/2009)
[Congressional Bills 111th Congress] [From the U.S. Government Printing Office] [H.R. 2150 Introduced in House (IH)] 111th CONGRESS 1st Session H. R. 2150 To increase the amount of direct loans that may be provided by the Secretary of Energy to improve facilities for advanced technology vehicle manufacturing. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 28, 2009 Mr. Levin (for himself, Mr. Dingell, Mr. Kildee, Mr. Upton, Mr. Ehlers, Mr. Conyers, Mr. Rogers of Michigan, Mr. Stupak, Ms. Sutton, Mr. Kucinich, Mr. McCotter, Mr. Schauer, Mr. Peters, Mr. Hill, Mr. Gonzalez, Mr. Donnelly of Indiana, Mr. Higgins, Mr. Baca, Ms. McCollum, Ms. Kaptur, Mrs. Miller of Michigan, Mr. Gordon of Tennessee, Mr. Camp, Mr. McHugh, Mr. Wilson of Ohio, Ms. Eshoo, Mr. Souder, Ms. Kilroy, Mr. Hoekstra, and Mr. Yarmuth) introduced the following bill; which was referred to the Committee on Energy and Commerce _______________________________________________________________________ A BILL To increase the amount of direct loans that may be provided by the Secretary of Energy to improve facilities for advanced technology vehicle manufacturing. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. FINDINGS. Congress finds the following: (1) Reducing the United States dependence on foreign oil and reducing carbon emissions are urgent national priorities. (2) Automobile manufacturers and component suppliers are working together to develop the technologies necessary for advanced technology vehicles that will improve the fuel economy of our Nation's fleets. (3) Section 136 of the Energy Independence and Security Act of 2007 authorized the Advanced Technology Vehicle Manufacturing Incentive Program to assist manufacturers with retooling, expanding, or establishing new manufacturing facilities to produce advanced technology vehicles and their components. Congress fully appropriated funding to provide $25,000,000,000 in direct loans under the program as part of the fiscal year 2009 continuing resolution. (4) By December 31, 2008, the Department of Energy had received applications from component suppliers and auto manufacturers seeking loans well in excess of the $25,000,000,000 authorized. (5) The Federal Government, automakers, and suppliers must be full partners in developing the technology and investing in the manufacturing capabilities necessary to ensure that the next generation of fuel efficient automobiles is produced in the United States. (6) It is in the interest of the United States to maintain a strong manufacturing base that leads the world in advanced technologies, and as part of a comprehensive strategy to reduce our dependence on foreign oil and reduce carbon emissions, to increase the authorization for direct loans under section 136 of the Energy Independence and Security Act of 2007 to $50,000,000,000 in order to accelerate the manufacture and deployment of these highly efficient vehicles. SEC. 2. ADVANCED TECHNOLOGY VEHICLE MANUFACTURING INCENTIVE LOANS. Section 136(d)(1) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17013(d)(1)) is amended by striking ``$25,000,000,000'' and inserting ``$50,000,000,000''.