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Financial Support for Tribal Energy Development

This Act aims to make it easier for Indian tribes and tribal energy development organizations to obtain direct loans for energy projects. This increases financing opportunities for energy investments on tribal lands, potentially contributing to their economic development and energy independence.
Key points
Indian tribes and tribal energy organizations can now apply for direct loans, not just loan guarantees, for energy development.
The total combined amount for outstanding loans and guarantees is set at $2 billion.
Loans will be provided through the Federal Financing Bank, with full U.S. Government backing.
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Additional Information
Print number: 117_S_4771
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2022-08-04