HR 7611
Facilitating the Reshoring of Energy Grid Component Manufacturing Act of 2024
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill establishes a program within the Department of Energy to provide loans to manufacturers in the United States that produce energy grid components and products. The program aims to encourage the ‘reshoring’ of this manufacturing sector by supporting projects to reequip, expand, or establish new facilities. The program will offer up to $8 billion in loans, prioritizing manufacturers with existing facilities seeking to increase production, and will be administered by the Federal Financing Bank. The bill also includes provisions for ensuring fair labor practices and reporting on the program’s impact.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.