legislation: 109-hr-6249

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-hr-6249 109 hr 6249 To authorize the Secretary of Energy to make price floor loans to certain low-carbon coal-to-liquid fuel projects. Energy 2006-09-28 2006-10-04 Referred to the Subcommittee on Energy. House Rep. Shimkus, John [R-IL-19] IL R S000364 1 Amends the Energy Policy Act of 2005 to authorize the Secretary of Energy to enter into agreements, in the form of price floor loans, with up to six low-carbon CTL projects (that convert coal to liquid or gaseous transportation fuels) to guarantee each project a minimum price for its output of liquid or gaseous transportation fuels in return for: (1) payment to the United States of the cost of such loan; or (2) at the borrower's election, a call option for the United States equivalent in value to such payment. Prohibits any agreement for a price floor loan unless the Office of Management and Budget (OMB) determines that the loan cost is fully offset by either certain payments or by the value of a call option. 2023-01-12T17:52:14Z  

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