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Rescinding $810 Million in Funds for Green Energy Loans.

This bill proposes canceling $810 million in federal funds previously allocated for green energy loans under the Inflation Reduction Act. If enacted, this action would reduce the government financing available for renewable energy development. Citizens might see a potential slowdown in public investment in clean energy projects.
Key points
Cancellation of $810 million designated for green energy loan programs.
The funds originate from the Inflation Reduction Act (IRA).
Reduced federal financial support for renewable and environmental technology development.
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Expired
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Additional Information
Print number: 118_S_5383
Sponsor: Sen. Tillis, Thomas [R-NC]
Process start date: 2024-11-21
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to rescind funds for green energy loans.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5383.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-11-21.

What are the main provisions?

Key points include:

  • Cancellation of $810 million designated for green energy loan programs.
  • The funds originate from the Inflation Reduction Act (IRA).
  • Reduced federal financial support for renewable and environmental technology development.
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. Tillis, Thomas [R-NC].

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 2025-12-26.

CATEGORIES

Environment Public Investments Economy