[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3241 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3241

To clarify the amount of loans to be guaranteed under title XVII of the 
           Energy Policy Act of 2005, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 31, 2007

  Mr. Boucher (for himself and Mr. Dingell) introduced the following 
 bill; which was referred to the Committee on Energy and Commerce, and 
in addition to the Committee on Science and Technology, for a period to 
      be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                                 A BILL


 
To clarify the amount of loans to be guaranteed under title XVII of the 
           Energy Policy Act of 2005, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AMOUNT OF LOANS GUARANTEED.

    Section 1702 of the Energy Policy Act of 2005 (42 U.S.C. 16512) is 
amended--
            (1) by amending subsection (c) to read as follows:
    ``(c) Amount.--
            ``(1) Percentage of project cost.--A guarantee by the 
        Secretary shall not exceed an amount equal to 80 percent of the 
        project cost of the facility that is the subject of the 
        guarantee, as estimated at the time at which the guarantee is 
        issued, and shall be no less than the minimum amount determined 
        by the Secretary to be likely to attract nonguaranteed 
        investment adequate to capitalize the project.
            ``(2) Percentage of loan.--Subject to paragraph (1), the 
        Secretary may guarantee up to 100 percent of any loan or other 
        debt obligation of the borrower to fund an eligible project, 
        and may not issue a rule or regulation establishing a lower 
        percentage limit.''; and
            (2) by adding at the end the following new subsection:
    ``(k) Wages.--No loan guarantee shall be made under this title 
unless the borrower has provided to the Secretary reasonable assurances 
that all laborers and mechanics employed by contractors or 
subcontractors in the performance of construction work financed in 
whole or in part with the loan will be paid wages at rates not less 
than those prevailing on similar work in the locality as determined by 
the Secretary of Labor in accordance with subchapter IV of chapter 31 
of title 40, United States Code (commonly referred to as the Davis-
Bacon Act).''.

SEC. 2. EXCLUSION OF CATEGORIES.

    Section 1704 of the Energy Policy Act of 2005 (42 U.S.C. 16514) is 
amended by adding at the end the following new subsection:
    ``(c) Exclusion of Categories.--No appropriation authorized 
pursuant to this section may exclude any category of eligible project 
described in section 1703.''.
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