117 S3152 IS: To amend the Energy Policy Act of 2005 to disqualify certain borrowers from receiving a guarantee for a project, and for other purposes. U.S. Senate 2021-11-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II117th CONGRESS1st SessionS. 3152IN THE SENATE OF THE UNITED STATESNovember 3, 2021Mr. Barrasso introduced the following bill; which was read twice and referred to the Committee on Energy and Natural ResourcesA BILLTo amend the Energy Policy Act of 2005 to disqualify certain borrowers from receiving a guarantee for a project, and for other purposes.

1.

Disqualification of borrowers who have previously defaulted

(a)

Incentives for innovative technologies

Section 1702 of the Energy Policy Act of 2005 (42 U.S.C. 16512) is amended—(1)by redesignating subsections (i) through (q) as subsections (j) through (r), respectively; and(2)by inserting after subsection (h) the following:(i)

Disqualification for previous defaults

The Secretary may not make a guarantee under this title for a project if the borrower has previously defaulted on an obligation guaranteed under this title..(b)

Advanced technology vehicles manufacturing incentive program

Section 136(d) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17013(d)) is amended by adding at the end the following:(5)

Disqualification for previous defaults

The Secretary may not provide a loan under this subsection to an applicant for the loan if the applicant has previously defaulted on a loan provided under this subsection..