H.R. 1491 · 118th Congress
Small Business Energy Loan Enhancement Act
- Stage
- In committee
- Sponsor
- Jason Crow
- Introduced
- 2023-03-09
- Latest action
- 2023-03-09 · Introduced in House
Summary
Small Business Energy Loan Enhancement Act
This bill increases from $5.5 million to $10 million the maximum amount of certain Small Business Administration loans for plant acquisition, construction, conversion, and expansion. Projects eligible for these increased loan amounts must (1) reduce the borrower's energy consumption by at least 10%; or (2) generate renewable energy or renewable fuels, such as biodiesel or ethanol production.