H.R. 1138: Small Business Clean Energy Financing Act of 2013

113th Congress, 2013–2015. Text as of Mar 13, 2013 (Introduced).

Status & Summary | PDF | Source: GPO and Cato Institute Deepbills

I

113th CONGRESS

1st Session

H. R. 1138

IN THE HOUSE OF REPRESENTATIVES

March 13, 2013

(for herself, Ms. Schakowsky, Mrs. Christensen, Ms. Lee of California, Mr. Honda, and Mr. George Miller of California) 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 2013 .

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)).