A bill to amend the Energy Policy Act of 2005 to authorize the Secretary of Energy to issue conditional commitments for loan guarantees under certain circumstances.

Amends the Energy Policy Act of 2005 regarding the terms and conditions governing loan guarantees for innovative technologies.

States that, if the Secretary of Energy submits a loan guarantee for review and comment to the Director of the Office of Management and Budget (OMB), the Secretary may issue a conditional commitment to enter into such guarantee at least 30 days after that submittal, without further approval from the Director.