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Support for US Energy Grid Component Manufacturing

This act establishes a loan program of up to $8 billion to help US companies manufacture critical energy grid components. The goal is to enhance national energy security and create new jobs, particularly within small businesses. Citizens may experience more stable energy supplies and new employment opportunities.
Key points
Up to $8 billion in loans available for companies manufacturing energy grid components in the US.
Support for establishing new facilities or expanding existing ones, potentially increasing job opportunities.
Priority given to manufacturers expanding output or reopening facilities.
At least 5% of funds are set aside for small firms with fewer than 500 employees.
Requirement for contractors and subcontractors to pay prevailing wages for similar work in the locality.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_4626
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2022-07-27
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

Facilitating the Reshoring of Energy Grid Component Manufacturing Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4626.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-07-27.

What are the main provisions?

Key points include:

  • Up to $8 billion in loans available for companies manufacturing energy grid components in the US.
  • Support for establishing new facilities or expanding existing ones, potentially increasing job opportunities.
  • Priority given to manufacturers expanding output or reopening facilities.
  • At least 5% of funds are set aside for small firms with fewer than 500 employees.
  • Requirement for contractors and subcontractors to pay prevailing wages for similar work in the locality.
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. Rubio, Marco [R-FL].

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 Labor