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Energy Accountability: No Loan Guarantees for Defaulted Borrowers

This act aims to increase accountability in public spending on energy projects. It means that companies which previously defaulted on government-guaranteed loans for energy projects will not be eligible for new guarantees. This is intended to protect taxpayer money and ensure support goes to reliable entities.
Key points
Companies that previously defaulted on government-guaranteed energy project loans will not receive new guarantees.
The goal is to protect taxpayer money and ensure funds are used responsibly.
The act seeks to prevent recurring financial issues in state-backed energy projects.
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Expired
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Additional Information
Print number: 118_HR_5092
Sponsor: Rep. Walberg, Tim [R-MI-5]
Process start date: 2023-07-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Energy Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5092.

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 2023-07-28.

What are the main provisions?

Key points include:

  • Companies that previously defaulted on government-guaranteed energy project loans will not receive new guarantees.
  • The goal is to protect taxpayer money and ensure funds are used responsibly.
  • The act seeks to prevent recurring financial issues in state-backed energy projects.
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. Walberg, Tim [R-MI-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Energy, Climate and Grid Security.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Public Investments Economy