H.R. 3575 · 116th Congress
IMPACT for Energy Act
- Stage
- In committee
- Sponsor
- Ben Luján
- Introduced
- 2019-06-27
- Latest action
- 2019-06-27 · Introduced in House
Summary
Increasing and Mobilizing Partnerships to Achieve Commercialization of Technologies for Energy Act or the IMPACT for Energy Act
This bill requires the Department of Energy to establish a nonprofit corporation named the IMPACT for Energy Foundation to channel private sector investment into commercial innovative technologies in energy.
The foundation may establish one or more for-profit subsidiaries, including an impact investment fund to (1) stimulate economic development activities, and (2) attract for-profit investment partners for technology translation and commercialization activities.