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Increased Loan Limits for Small Business Energy Projects

This act raises the maximum loan amount available to small businesses for energy-related projects. This means entrepreneurs can access more financial support for investments in energy efficiency or renewable energy, potentially lowering their operating costs and fostering local economic growth.
Key points
The maximum loan amount for small businesses for energy purposes increases from $5.5 million to $10 million.
This change will make it easier for small businesses to finance larger energy-saving and green technology projects.
The Small Business Administration Administrator will annually report to Congress on which industries and regions benefit from these loans.
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Status:
Expired
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Additional Information
Print number: 118_HR_1491
Sponsor: Rep. Crow, Jason [D-CO-6]
Process start date: 2023-03-09
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Small Business Energy Loan Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1491.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-09.

What are the main provisions?

Key points include:

  • The maximum loan amount for small businesses for energy purposes increases from $5.5 million to $10 million.
  • This change will make it easier for small businesses to finance larger energy-saving and green technology projects.
  • The Small Business Administration Administrator will annually report to Congress 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 Rep. Crow, Jason [D-CO-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

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.

CATEGORIES

Economy Public Investments Environment