< Back to H.R. 6212 (111th Congress, 2009–2010)

Text of the Small Business Clean Energy Financing Act of 2010

This bill was introduced on September 23, 2010, in a previous session of Congress, but was not enacted. The text of the bill below is as of Sep 23, 2010 (Introduced).

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Source: GPO

I

111th CONGRESS

2d Session

H. R. 6212

IN THE HOUSE OF REPRESENTATIVES

September 23, 2010

(for herself, Mr. Inslee, Mrs. Capps, Mr. Blumenauer, Mr. Kissell, Mr. Rush, Mr. Michaud, Mr. Connolly of Virginia, Mrs. Dahlkemper, Ms. Bean, Mr. Foster, Ms. Linda T. Sánchez of California, Mr. Hinchey, Mr. Clay, Mr. George Miller of California, Mr. Tonko, and Ms. Pingree of Maine) introduced the following bill; which was referred to the Committee on Small Business

A BILL

To direct the Administrator of the Small Business Administration to establish a loan guarantee program to assist small business concerns that manufacture clean energy technologies in the United States, and for other purposes.

1.

Short title

This Act may be cited as the Small Business Clean Energy Financing Act of 2010.

2.

Clean energy technology loan guarantee program

(a)

Establishment

The Administrator of the Small Business Administration shall establish a program under which the Administrator is authorized to guarantee the loans of small business concerns that manufacture a clean energy technology in the United States.

(b)

Administration

Except as otherwise specified in this section and to the extent practicable, the Administrator shall carry out the program under subsection (a) in a manner similar to the loan program under section 7(a) of the Small Business Act (15 U.S.C. 636(a)).

(c)

Definitions

In this section, the following definitions apply:

(1)

Clean energy technology

The term clean energy technology means a technology related to the production, use, transmission, storage, control, or conservation of energy that will contribute to a stabilization of atmospheric greenhouse gas concentrations through reduction, avoidance, or sequestration of energy-related emissions and—

(A)

reduce the need for additional energy supplies by using existing energy supplies with greater efficiency or by transmitting, distributing, or transporting energy with greater effectiveness through the infrastructure of the United States; or

(B)

diversify the sources of the energy supply of the United States to strengthen energy security and to increase supplies with a favorable balance of environmental effects if the entire technology system is considered.

(2)

Small business concern

The term small business concern has the meaning given that term under section 3(a) of the Small Business Act (15 U.S.C. 632(a)).