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New Loan Guarantee Rules: No More Funds for Defaulters.

This law introduces changes that will prevent companies that have previously defaulted on government-guaranteed loans from receiving new guarantees or loans. This aims to protect taxpayer money and ensure that support goes to responsible entities. Citizens may perceive this as greater stability in public spending.
Key points
Companies that previously defaulted on government-guaranteed obligations will not receive new guarantees.
Companies that previously defaulted on advanced technology vehicle loans will not receive new loans.
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Expired
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Additional Information
Print number: 117_S_3152
Sponsor: Sen. Barrasso, John [R-WY]
Process start date: 2021-11-03
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to amend the Energy Policy Act of 2005 to disqualify certain borrowers from receiving a guarantee for a project, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3152.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-11-03.

What are the main provisions?

Key points include:

  • Companies that previously defaulted on government-guaranteed obligations will not receive new guarantees.
  • Companies that previously defaulted on advanced technology vehicle loans will not receive new 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. Barrasso, John [R-WY].

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

Public Investments Economy