H.R. 7611 · 118th Congress
Facilitating the Reshoring of Energy Grid Component Manufacturing Act of 2024
- Stage
- In committee
- Sponsor
- Clay Higgins
- Introduced
- 2024-03-11
- Latest action
- 2024-03-15 · Referred to the Subcommittee on Energy, Climate and Grid Security.
Summary
Facilitating the Reshoring of Energy Grid Component Manufacturing Act of 2024
This bill directs the Department of Energy (DOE) to establish a loan program for the production of energy grid products or components. Under the program, DOE may provide loans for activities related to projects that reequip, expand, or establish manufacturing facilities to produce energy grid products or their components. Energy grid products include large power transformers or any other electrical equipment commonly used for the transmission or distribution of electric energy by public electric utilities.