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Increased Loan Amounts for Green Energy Businesses

This act raises the maximum loan amount available to small businesses investing in green energy projects. This means more businesses can access larger financial support for developing eco-friendly solutions, potentially leading to job creation and reduced energy costs.
Key points
The maximum loan amount for green energy projects increases from $5.5 million to $20 million.
Businesses in the green energy sector can now apply for significantly larger financial assistance.
The Small Business Administration will report annually on which industries and regions benefit from these loans.
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Status:
Expired
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Additional Information
Print number: 117_S_1758
Sponsor: Sen. Hickenlooper, John W. [D-CO]
Process start date: 2021-05-20
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

504 Green Energy Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1758.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-20.

What are the main provisions?

Key points include:

  • The maximum loan amount for green energy projects increases from $5.5 million to $20 million.
  • Businesses in the green energy sector can now apply for significantly larger financial assistance.
  • The Small Business Administration will report annually on which industries and regions benefit from these loans.
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 Sen. Hickenlooper, John W. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Environment Public Investments