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H.R. 1491

BillFederalHouseIn Committee
Small Business Energy Loan Enhancement Act
About This Bill
Committee
Latest Action · March 9, 2023
Referred to the House Committee on Small Business.
Congress
118th (2023–2025)
Introduced
March 9, 2023
Cosponsors (49)
42D 7R
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Summary

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Small Business Energy Loan Enhancement Act This bill increases from $5.5 million to $10 million the maximum amount of certain Small Business Administration loans for plant acquisition, construction, conversion, and expansion. Projects eligible for these increased loan amounts must (1) reduce the borrower's energy consumption by at least 10%; or (2) generate renewable energy or renewable fuels, such as biodiesel or ethanol production.

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