[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3759 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3759

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             August 5, 2010

 Mr. Bingaman (for himself, Mrs. Boxer, and Mrs. Feinstein) introduced 
the following bill; which was read twice and referred to the Committee 
                    on Energy and Natural Resources

_______________________________________________________________________

                                 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.

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

SECTION 1. CONDITIONAL COMMITMENTS FOR LOAN GUARANTEES.

    Section 1702 of the Energy Policy Act of 2005 (42 U.S.C. 16512) is 
amended by adding at the end the following:
    ``(l) Deadline for OMB Review.--If the Secretary submits to the 
Director of the Office of Management and Budget a loan guarantee for 
review and comment, the Secretary may, taking into consideration 
comments made by the Director, issue a conditional commitment to enter 
into the loan guarantee at least 30 days subsequent to the submittal, 
without further approval from the Director.''.
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