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Support for New Industrial Technologies: Cleaner Air and Energy Savings

This Act establishes a program providing financial support (grants and loan guarantees) to companies implementing innovative technologies in industry. The goal is to reduce energy use and pollution, potentially leading to improved air quality and a more competitive US economy.
Key points
The government will provide financial help (grants, loan guarantees) for the first three times new, energy-saving, and environmentally friendly technologies are used on a large scale in factories.
Support aims to reduce energy use and greenhouse gas emissions in industry by at least 20% per project.
The program has the potential to reduce overall US industrial energy use and emissions in the future.
Significant government funds are allocated for this purpose from 2022 to 2031.
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Additional Information
Print number: 117_HR_5109
Sponsor: Rep. Castor, Kathy [D-FL-14]
Process start date: 2021-08-27