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.
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.