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Provide for reconciliation pursuant to title II of H. Con. Res. 14 › Section 50403

Energy Dominance Financing

Section 50403 · Sec. 50403 ·

What this chapter is about

This part widens an energy loan program in a 2005 law. It adds grid reliability as a reason to lend. It rewrites what the money may support to cover energy and critical minerals. It puts up $1 billion, with 3 percent for running costs.

4 proposals indexed from this chapter.

Grid reliability becomes a reason the program may lend

The document says “is amended”Who acts: Secretary of EnergyHow: statuteSec. 50403 in the PDF
What the document says

“support or enable the provision of known or forecastable electric supply at time intervals necessary to maintain or enhance grid reliability or other system adequacy needs.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 50403

The section adds a new paragraph (3) to subsection (a) of section 1706 of the Energy Policy Act of 2005 (42 U.S.C. 16517) making support for known or forecastable electric supply at intervals needed to maintain or improve grid reliability or other system adequacy an eligible purpose, and rewrites paragraph (2) to read increase capacity or output.

What the document actually says

“support or enable the provision of known or forecastable electric supply at time intervals necessary to maintain or enhance grid reliability or other system adequacy needs.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 50403
That sentence, in plain words

A project may qualify if it helps keep power flowing. The supply must be known or able to be forecast. It must come when the grid needs it.

What this is about

This is a new reason to qualify for a loan. A second reason is reworded to cover raising capacity or output. The older law is not indexed here.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

The purpose clause is rewritten to cover energy and critical minerals

The document says “is amended”Who acts: Secretary of EnergyHow: statuteSec. 50403 in the PDF
What the document says

“for enabling the identification, leasing, development, production, processing, transportation, transmission, refining, and generation needed for energy and critical minerals.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 50403

The section strikes the old purpose wording in the redesignated subsection (e) of section 1706 of the Energy Policy Act of 2005 and inserts wording covering identification, leasing, development, production, processing, transportation, transmission, refining and generation needed for energy and critical minerals. It also strikes subsection (c), redesignates subsections (d) through (f) as (c) through (e), and drops paragraph (2) of the redesignated subsection (c).

What the document actually says

“for enabling the identification, leasing, development, production, processing, transportation, transmission, refining, and generation needed for energy and critical minerals.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 50403
That sentence, in plain words

The money is for work across the whole chain. That runs from finding land to making power. It covers energy and key minerals.

What this is about

Nine kinds of work are named. The old wording is taken out in full. What it said is not recorded here.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

$1,000,000,000 is appropriated, with 3 percent for administration

The document says “shall”Who acts: Secretary of EnergyHow: statuteSec. 50403 in the PDF
What the document says

“there is appropriated to the Secretary for fiscal year 2025, out of any money in the Treasury not otherwise appropriated, $1,000,000,000, to remain available through September 30, 2028, to carry out activities under this section.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 50403

The section adds a new subsection (f) to section 1706 of the Energy Policy Act of 2005 appropriating $1,000,000,000 to the Secretary for fiscal year 2025, available through September 30, 2028, to carry out activities under that section, of which no more than 3 percent may go to administrative expenses.

What the document actually says

“there is appropriated to the Secretary for fiscal year 2025, out of any money in the Treasury not otherwise appropriated, $1,000,000,000, to remain available through September 30, 2028, to carry out activities under this section.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 50403
That sentence, in plain words

One billion dollars goes to the Secretary. It is for fiscal year 2025. It can be spent through September 30, 2028.

What this is about

The money runs the loan program. No more than 3 percent may go to running costs. The rest must go to the work itself.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

The commitment authority runs to 2028

The document says “is amended”Who acts: CongressHow: statuteSec. 50403 in the PDF
What the document says

“Section 50144(b) of Public Law 117-169 (commonly known as the "Inflation Reduction Act of 2022") (136 Stat. 2045) is amended by striking "2026" and inserting "2028".”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 50403

The section strikes 2026 and inserts 2028 in section 50144(b) of Public Law 117-169. That law is not indexed here, so this record states the change and stops.

What the document actually says

“Section 50144(b) of Public Law 117-169 (commonly known as the "Inflation Reduction Act of 2022") (136 Stat. 2045) is amended by striking "2026" and inserting "2028".”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 50403
That sentence, in plain words

The year 2026 is taken out of a 2022 law. The year 2028 is put in.

What this is about

That gives two more years to make commitments. What the older rule says in full is not recorded here. That law is not indexed on this site.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

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What This Page Covers, and What It Leaves Out

Each distinct thing the section does: the new eligible purpose tied to grid reliability, the rewritten purpose clause, the new funding and the cap on administrative expenses, and the extension of commitment authority.

The redesignations and the mechanical edits that strike an or, add an and, or renumber a paragraph.

The section works by amending section 1706 of the Energy Policy Act of 2005 and section 50144(b) of Public Law 117-169, neither of which is indexed here, so what the loan program does cannot be checked against anything on this site.