Ask AI
Public Law95th CongressCommerce
H.R. 11713Became Law

Small Business Energy Loan Act

This bill became law

Filed
Comm.
Floor
Both
Law

What it doesSummary house agreed to senate amendment with amendment (Jun 16, 1978)

(House agreed to Senate amendments with amendments)

Small Business Energy Loan Act - Amends the Small Business Act to empower the Small Business Administration to make loans, directly or in cooperation with banks and lending institutions, to assist small business concerns in financing plant construction, conversion, expansion, or start up, and the acquisition of such items as equipment, facilities, and supplies to enable such concerns to design, manufacture, market, and install and service solar energy or renewable energy sources equipment. States that such concerns may receive loans for such energy measures as photovoltaic cells and related equipment, equipment designed to produce energy from biomass and from industrial wastes, hydroelectric power equipment, wind energy conversion equipment, and equipment and services designed to conserve energy by increasing the efficiency of existing equipment.

Makes firms which provide professional engineering or architectural services which conserve energy or apply renewable energy measures as their main objective eligible for loans. Stipulates that such loans may not be used primarily for research and development.

Establishes the ceiling for guaranteed loans at $500,000 and for direct loans at $350,000.

Sets forth criteria applicants must meet before qualifying for any loan under this Act.

Specified that the SBA not guarantee more than 90 percent of a loan. Sets the interest rate for this program. Requires loans to be of sound value as reasonably to assure repayment.

States that it is the intent of Congress that the paperwork burden and regulatory impact on applicants shall be minimized to the maximum extent practicable. Requires the SBA to: (1) issue regulations governing this program within 180 days of enactment; (2) hold seminars to inform businesses of this program; and (3) provide grants to private groups for seminars.

Authorizes the appropriations of $30,000,000 for direct loans and $45,000,000 for guaranteed loans.

Directs the Administrator to report annually on the number and amount of loans, applications, and defaults, and on the energy savings achieved and the number of jobs created by firms through loans under this program.

Authorizes appropriations to the Administration for fiscal year 1979 to carry out the programs of this Act.

What just happenedJul 4, 1978

Public Law 95-315.

Who’s behind it

Rep. Bedell, Berkley W. [D-IA-6](D-IA)Sponsor
1 cosponsor1 D
Read on Congress.gov
1cosponsors2committees28actions1related bills19subjects
  • Public LawJul 5, 1978
    PDF
  1. Jul 4, 1978PresidentE40000

    Public Law 95-315.

  2. Jul 4, 1978BecameLaw36000

    Public Law 95-315.

  3. Jul 4, 1978PresidentE30000

    Signed by President.

  4. Jul 4, 1978BecameLaw36000

    Signed by President.

  5. Jun 23, 1978FloorE20000

    Measure presented to President.

  6. Jun 23, 1978President28000

    Measure presented to President.

  7. Jun 22, 1978President

    Measure enrolled in Senate.

  8. Jun 21, 1978PresidentE05000

    Measure enrolled in House.

  9. Jun 19, 1978ResolvingDifferences

    Senate agreed to House amendment to Senate amendment.

  10. Jun 19, 1978NotUsed20500

    Resolving differences -- Senate actions: Senate agreed to House amendment to Senate amendment.

  11. Jun 16, 1978ResolvingDifferencesH41610

    House agreed to Senate amendments with amendments.

  12. Jun 16, 1978NotUsed19500

    Resolving differences -- House actions: House agreed to Senate amendments with amendments.

  13. May 24, 1978Floor

    Measure passed Senate, amended.

  14. May 24, 1978Floor17000

    Passed/agreed to in Senate: Measure passed Senate, amended.

  15. May 24, 1978Floor

    Measure considered in Senate.

  16. May 24, 1978Floor

    Call of calendar in Senate.

  17. May 15, 1978Committee

    Reported to Senate from the Select Committee on Small Business with amendment, S. Rept. 95-828.

    Small Business and Entrepreneurship Committee
  18. May 15, 1978Committee14000

    Reported to Senate from the Select Committee on Small Business with amendment, S. Rept. 95-828.

    Small Business and Entrepreneurship Committee
  19. May 3, 1978IntroReferral

    Referred to Senate Select Committee on Small Business.

    Small Business and Entrepreneurship Committee
  20. May 2, 1978FloorH37100

    Measure passed House, amended, roll call #269 (375-17).

  21. May 2, 1978Floor8000

    Passed/agreed to in House: Measure passed House, amended, roll call #269 (375-17).

  22. May 2, 1978FloorH30000

    Measure considered in House.

  23. May 2, 1978FloorH30000

    Measure called up under motion to suspend rules and pass in House.

  24. Apr 19, 1978CommitteeH12200

    Reported to House from the Committee on Small Business with amendment, H. Rept. 95-1071.

    Small Business Committee
  25. Apr 19, 1978Committee5000

    Reported to House from the Committee on Small Business with amendment, H. Rept. 95-1071.

    Small Business Committee
  26. Mar 22, 1978IntroReferralH11100

    Referred to House Committee on Small Business.

    Small Business Committee
  27. Mar 22, 1978IntroReferralIntro-H

    Introduced in House

  28. Mar 22, 1978IntroReferral1000

    Introduced in House

House agreed to Senate amendment with amendmentJun 16, 197840
(House agreed to Senate amendments with amendments)

Small Business Energy Loan Act - Amends the Small Business Act to empower the Small Business Administration to make loans, directly or in cooperation with banks and lending institutions, to assist small business concerns in financing plant construction, conversion, expansion, or start up, and the acquisition of such items as equipment, facilities, and supplies to enable such concerns to design, manufacture, market, and install and service solar energy or renewable energy sources equipment. States that such concerns may receive loans for such energy measures as photovoltaic cells and related equipment, equipment designed to produce energy from biomass and from industrial wastes, hydroelectric power equipment, wind energy conversion equipment, and equipment and services designed to conserve energy by increasing the efficiency of existing equipment.

Makes firms which provide professional engineering or architectural services which conserve energy or apply renewable energy measures as their main objective eligible for loans. Stipulates that such loans may not be used primarily for research and development.

Establishes the ceiling for guaranteed loans at $500,000 and for direct loans at $350,000.

Sets forth criteria applicants must meet before qualifying for any loan under this Act.

Specified that the SBA not guarantee more than 90 percent of a loan. Sets the interest rate for this program. Requires loans to be of sound value as reasonably to assure repayment.

States that it is the intent of Congress that the paperwork burden and regulatory impact on applicants shall be minimized to the maximum extent practicable. Requires the SBA to: (1) issue regulations governing this program within 180 days of enactment; (2) hold seminars to inform businesses of this program; and (3) provide grants to private groups for seminars.

Authorizes the appropriations of $30,000,000 for direct loans and $45,000,000 for guaranteed loans.

Directs the Administrator to report annually on the number and amount of loans, applications, and defaults, and on the energy savings achieved and the number of jobs created by firms through loans under this program.

Authorizes appropriations to the Administration for fiscal year 1979 to carry out the programs of this Act.

Introduced in HouseMar 22, 197800

Title I: Small Business Act Amendments - Empowers the Administrator of the Small Business Administration to make loans to assist any small business concern in financing plant construction and equipment acquisition for the production, installation, or maintenance of solar energy equipment or other energy conservation equipment. Permits the Administration to make grants to non-profit organizations for the establishment of training seminars that teach small business concerns methods of design, installation, and maintenance of solar energy equipment and to provide manuals on such subjects.