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Direct Loans for Tribal Energy Development

This act aims to make it easier for Indian tribes and tribal energy development organizations to secure funding for energy projects. Instead of just loan guarantees, they will now be able to apply for direct loans, which could accelerate the development of energy infrastructure in their areas. This opens up new opportunities for local communities in terms of energy independence and job creation.
Key points
Indian tribes and tribal energy organizations can now apply for direct loans for energy development, not just loan guarantees.
The total outstanding amount of guaranteed and direct loans cannot exceed $2 billion.
Funds previously allocated for loan guarantees can now be used for direct loans, increasing funding flexibility.
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Additional Information
Print number: 117_HR_8068
Sponsor: Rep. Leger Fernandez, Teresa [D-NM-3]
Process start date: 2022-06-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Tribal Energy Investment Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8068.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-06-15.

What are the main provisions?

Key points include:

  • Indian tribes and tribal energy organizations can now apply for direct loans for energy development, not just loan guarantees.
  • The total outstanding amount of guaranteed and direct loans cannot exceed $2 billion.
  • Funds previously allocated for loan guarantees can now be used for direct loans, increasing funding flexibility.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Leger Fernandez, Teresa [D-NM-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Energy.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Public Investments Environment Economy