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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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Additional Information
Print number: 117_S_1758
Sponsor: Sen. Hickenlooper, John W. [D-CO]
Process start date: 2021-05-20
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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

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.

CATEGORIES

Economy Environment Public Investments