,,ii  #aah? ,,congress  #a/ ,session    
,s4 #cd  ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$
 ,,/ates  ,janu>y #bd 7legislative day1 
,janu>y #c71 #bjbc,mr4 ,rubio introduc$ 
! foll[+ bill2 :i* 0 read twice & ref]r$
 to ! ,committee on ,en]gy & ,natural   
,res\rces  ,a ,,bill  ,to require !     
,secret>y ( ,en]gy to e/abli% a program 
to provide loans to manufactur]s ( en]gy
 grid products & compon5ts4  #a4 ,%ort  
title ,?is ,act may be cit$ z !         
,facilitat+ ! ,re%or+ ( ,en]gy ,grid    
,compon5t ,manufactur+ ,act ( #bjbc4    
#b4 ,en]gy grid product & compon5t      
manufactur+ 9 ! ,unit$ ,/ates  7a7      
,def9itions ,9 ?is section3 7#a7        
,compon5t ,! t]m compon5t means any "p  
or elem5t ( an en]gy grid product4  7#b7
 ,eligible project ,! t]m eligible      
project means a project to reequip1     
exp&1 or e/abli% 7includ+ ?r\gh new     
con/ruction7 a manufactur+ facility 9 ! 
,unit$ ,/ates to produce en]gy grid     
products or compon5ts4  7#c7 ,en]gy grid
 product ,! t]m en]gy grid product      

means-- 7,a7 a bulk-p[] sy/em 7z def9$ 9
 section #bae7;a7 ( ! ,f$]al ,p[] ,act  
7#af ,u4,s4,c4 #hbdo7a7772  7,b7 a l>ge 
p[] trans=m]2  7,c7 a swit*ge> or       
break]2  7,d7 a conv]t]2  7,e7 a direct 
curr5t filt]2  7,f7 an alt]nat+ curr5t  
swit* or swit*y>d2  7,g7 an             
insulat$-gate bipol> transi/or2  7,h7 a 
capacitor2  7,i7 an inductor2  7,j7 an  
arre/or2  7,k7 a resi/or2  7,l7 a       
di/ribution trans=m]2  7,m7 gra9-ori5t$ 
electrical /eel2  7,n7 cont9u\sly       
transpos$ conduction 7,,ctc7 copp] wire2
  7,o7 silicon /eel2  7,p7 any insulat+ 
mat]ial2 &  7,q7 any o!r electrical     
equipm5t commonly us$ = ! transmission  
or di/ribution ( electric en]gy by      
public electric utilities4  7#d7        
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ,en]gy4  7b7 ,loan program  
7#a7 ,e/abli%m5t  7,a7 ,9 g5]al ,n lat] 
?an #ahj days aft] ! date ( enactm5t (  
?is ,act1 & subject to ! availability ( 
appropriat$ funds1 ! ,secret>y %all     
e/abli% & c>ry out a program to provide 

a total ( n m ?an #h1jjj1jjj1jjj 9 loans
 to eligible individuals & entities 7z  
det]m9$ by ! ,secret>y7 = ! co/s (      
activities relat+ to eligible projects4 
7,b7 ,f9anc+ me?od  7i7 ,9 g5]al ,except
 z provid$ 9 clause 7ii71 a loan "u ?is 
subsection %all be provid$ ?r\gh !      
,f$]al ,f9anc+ ,bank1 ) ! full fai? &   
cr$it ( ! ,unit$ ,/ates ,gov]nm5t on !  
pr9cipal & int]e/4  7ii7 ,coop]ation )  
o!r in/itutions ,a loan "u ?is          
subsection may be provid$ 9 coop]ation )
 #a or m banks or o!r f9ancial          
in/itutions ?r\gh agreem5ts to          
p>ticipate on an imm$iate or def]r$     
7gu>ante$7 basis4  7,c7 ,cr$it subsidy  
,! full cr$it subsidy = ea* loan provid$
 "u ?is subsection %all be paid by !    
,secret>y us+ appropriat$ funds4  7#b7  
,application ,an individual or entity   
desir+ a loan "u ?is subsection %all    
submit to ! ,secret>y an application at 
su* "t1 9 su* mann]1 & conta9+ su*      
in=mation z ! ,secret>y may require1    
includ+ a writt5 assurance t-- 7,a7 all 

labor]s & me*anics employ$ by           
contractors or subcontractors dur+ any  
con/ruction1 alt]ation1 or repair t is  
f9anc$1 9 :ole or 9 "p1 by a loan       
provid$ "u ?is subsection %all be paid  
wages at rates n less ?an ^? prevail+ on
 projects ( a "* simil> 9 ! locality1 z 
det]m9$ by ! ,secret>y ( ,labor 9       
accordance ) sections #cada ?r\gh #cadd1
 #cadf1 & #cadg ( title #dj1 ,unit$     
,/ates ,code2 &  7,b7 ! ,secret>y (     
,labor %all1 ) respect to ! labor /&>ds 
describ$ 9 ?is p>agraph1 h ! au?ority & 
functions set =? 9 ,reorganization ,plan
 ,numb]$ #ad ( #aiej 7#e ,u4,s4,c4      
,app47 & section #cade ( title #dj1     
,unit$ ,/ates ,code4  7#c7 ,selection ( 
loan recipi5ts & eligible projects  7,a7
 ,9 g5]al ,! ,secret>y may provide a    
loan "u ?is subsection if ! ,secret>y   
det]m9es t-- 7i7 ! loan recipi5t-- 7,i7 
has a reasonable prospect ( repay+ !    
pr9cipal & int]e/ on ! loan2  7,,ii7 w  
provide suffici5t in=mation to !        
,secret>y = ! ,secret>y to ensure t !   

loan proce$s are exp5d$ effici5tly &    
effectively2 &  7,,iii7 has met su* o!r 
crit]ia z may be e/abli%$ & publi%$ by !
 ,secret>y2 &  7ii7 ! am\nt ( ! loan 7:5
 comb9$ ) am\nts available to ! loan    
recipi5t f o!r s\rces7 w be suffici5t to
 c>ry out ! eligible project = :i* !    
loan is provid$4  7,b7 ,reasonable      
prospect ( repaym5t ,! ,secret>y %all   
base a det]m9ation ( :e!r !re is a      
reasonable prospect ( repaym5t ( !      
pr9cipal & int]e/ on a loan "u          
subp>agraph 7,a77i77,i7 on a            
compreh5sive evaluation ( :e!r ! loan   
recipi5t has a reasonable prospect (    
repay+ ! pr9cipal & int]e/1 includ+1 z  
applicable1 an evaluation (-- 7i7 !     
/r5g? ( ! contractual t]ms ( !          
applicable eligible project 7if         
comm]cially reasonably available72  7ii7
 ! =eca/ ( noncontractual ca% fl[s      
support$ by m>ket projections f         
reputable s\rces1 z det]m9$ by !        
,secret>y2  7iii7 ca% sweeps & o!r      
/ructure enhancem5ts2  7iv7 ! project$  

f9ancial /r5g? ( ! loan recipi5t-- 7,i7 
at ! "t ( loan close2 &  7,,ii7 ?r\gh\t 
! loan t]m aft] ! applicable eligible   
project is complet$2  7v7 ! f9ancial    
/r5g? ( ! inve/ors & /rategic p>tn]s ( !
 loan recipi5t1 if applicable2 &  7vi7  
o!r f9ancial metrics & analyses t are   
reli$ on by ! private l5d+ community &  
nationally recogniz$ cr$it rat+ ag5cies1
 z det]m9$ to be appropriate by !       
,secret>y4  7#d7 ,rates1 t]ms1 &        
repaym5t ( loans ,a loan provid$ "u ?is 
subsection-- 7,a7 %all h an int]e/ rate 
t1 z ( ! date on :i* ! loan is provid$1 
is equal to ! co/ ( funds to ! ,dep>tm5t
 ( ! ,treasury = obligations ( comp>able
 maturity2  7,b7 %all h a t]m equal to !
 less] (-- 7i7 ! project$ life1 9 ye>s1 
( ! eligible project to be c>ri$ out us+
 proce$s f ! loan1 z det]m9$ by !       
,secret>y2 &  7ii7 #bj ye>s2  7,c7 may  
be subject to a def]ral 9 repaym5t = n m
 ?an #e ye>s aft] ! date on :i* !       
eligible project c>ri$ out us+ proce$s f
 ! loan fir/ beg9s op]ations1 z det]m9$ 

by ! ,secret>y2  7,d7 %all be made by ! 
,f$]al ,f9anc+ ,bank2 &  7,e7 %all be   
subject to ! condition t ! loan is n    
subord9ate to o!r f9anc+4  7#e7         
,conflicts ( int]e/ ,= ea* loan provid$ 
"u ?is subsection1 ! ,secret>y %all     
c]tify t political influ5ce did n affect
 ! provision ( ! loan1 includ+-- 7,a7   
selection ( ! eligible project = :i* !  
loan 0 provid$2 &  7,b7 selection ( !   
loan recipi5t4  7#f7 ,adm9i/rative fee  
,! ,secret>y may *>ge a fee = !         
adm9i/rative & clos+ co/s ( a loan      
provid$ "u ?is subsection1 subject to ! 
condition t ! fee does n exce$ ! less]  
(-- 7,a7 #ajj1jjj2 &  7,b7 #aj basis    
po9ts ( ! pr9cipal am\nt ( ! loan4  7c7 
,improvem5t ,n lat] ?an #ij days aft] ! 
date ( enactm5t ( ?is ,act1 ! ,secret>y 
%all promulgate an int]im f9al rule     
e/abli%+ regulations t ! ,secret>y      
det]m9es to be necess>y to adm9i/] ?is  
section & any loans provid$ by !        
,secret>y "u subsection 7b74  7d7       
,priority  7#a7 ,9 g5]al ,9 provid+     

loans "u ?is section to manufactur]s    
7includ+ compon5t suppli]s7 t h exi/+   
facilities1 ! ,secret>y %all give       
priority to manufactur]s t are seek+ to 
exp& manufactur+ output ?r\gh-- 7,a7 !  
e/abli%m5t ( #a or m new facilities2 or 
7,b7 ! reop5+ ( #a or m facilities4     
7#b7 ,idle facilities ,a facility       
describ$ 9 subp>agraph 7,a7 or 7,b7 (   
p>agraph 7#a7 may be sitt+ idle z ( !   
date on :i* ! applicable loan is provid$
 "u ?is section4  7e7 ,set aside = small
 en]gy grid product manufactur]s &      
compon5t suppli]s  7#a7 ,def9ition (    
cov]$ firm ,9 ?is subsection1 ! t]m     
cov]$ firm means a firm t-- 7,a7 employs
 few] ?an #ejj individuals2 &  7,b7     
manufactures en]gy grid products or     
compon5ts4  7#b7 ,set aside ,( ! am\nts 
us$ to provide loans ea* fiscal ye> "u  
subsection 7b71 ! ,secret>y %all use n  
less ?an #e p]c5t to provide loans to-- 
7,a7 cov]$ firms2 or  7,b7 consortia l$ 
by cov]$ firms4  7f7 ,appo9tm5t & pay ( 
p]sonnel  7#a7 ,9 g5]al ,! ,secret>y may

 use direct hir+ au?ority pursuant to   
section #ccjd7;a77#c7 ( title #e1 ,unit$
 ,/ates ,code1 to appo9t su* pr(essional
 & adm9i/rative p]sonnel z ! ,secret>y  
det]m9es to be necess>y to c>ry out ?is 
section & any functions ( ! ,secret>y "u
 ?is section4  7#b7 ,rate ( pay ,! rate 
( pay = a p]son appo9t$ pursuant to     
p>agraph 7#a7 %all n exce$ ! maximum    
rate payable = ,,gs-#ae ( ! ,g5]al      
,s*$ule "u *apt] #ec ( title #e1 ,unit$ 
,/ates ,code4  7#c7 ,consultants ,!     
,secret>y may reta91 pursuant to section
 #aija ( title #da1 ,unit$ ,/ates ,code1
 su* consultants z ! ,secret>y det]m9es 
to be necess>y to c>ry out ?is section &
 any functions ( ! ,secret>y "u ?is     
section4  7g7 ,outrea* ,9 c>ry+ out ?is 
section1 ! ,secret>y %all-- 7#a7 provide
 assi/ance ) ! completion ( applications
 = loans "u ?is section2 &  7#b7 conduct
 outrea*1 includ+ ?r\gh conf]5ces &     
onl9e programs1 to dissem9ate in=mation 
ab\t loans "u ?is section to pot5tial   
applicants4  7h7 ,report ,n lat] ?an #b 

ye>s aft] ! date ( enactm5t ( ?is ,act1 
& e #b ye>s !reaft]1 ! ,secret>y %all   
submit to ,congress a report on ! /atus 
( projects support$ by a loan "u ?is    
section1 includ+-- 7#a7 a li/ ( projects
 = :i* a loan 0 provid$ "u ?is section1 
includ+1 ) respect to ea* project-- 7,a7
 ! loan am\nt2 &  7,b7 ! con/ruction    
/atus ( ! project2  7#b7 ! /atus ( !    
loan repaym5t = ea* project1 includ+    
future repaym5t projections2  7#c7 data 
reg>d+ ! numb] ( direct & indirect jobs 
reta9$1 re/or$1 or creat$ by f9anc$     
projects2  7#d7 a projection ( ! numb] (
 new projects = :i* ! ,secret>y expects 
to provide a loan "u ?is section dur+ ! 
#b-ye> p]iod beg9n+ on ! date ( !       
report1 includ+ ! project$ aggregate    
loan am\nt ov] t #b-ye> p]iod2  7#e7 an 
evaluation ( ongo+ compliance ) !       
assurances & commitm5ts 7& ! accuracy ( 
any pr$ictions7 made by applicants      
pursuant to p>agraphs 7#b7 & 7#c7 (     
subsection 7b72  7#f7 ! total numb] (   
applications receiv$ by ! ,secret>y ea* 

ye>2 &  7#g7 any o!r metrics t !        
,secret>y det]m9es to be appropriate4   
7i7 ,fund+  7#a7 ,rescission ,( !       
unobligat$ balance ( am\nts made        
available by section #abi ( division ,a 
( ! ,consolidat$ ,security1 ,disa/]     
,assi/ance1 & ,cont9u+ ,appropriations  
,act1 #bjji 7,public ,law #aaj-cbi2 #abb
 ,/at4 #cegh71 #b1djj1jjj1jjj are       
resc9d$4  7#b7 ,direct appropriation ,if
 suffici5t unobligat$ am\nts made       
available by section #abi ( division ,a 
( ! ,consolidat$ ,security1 ,disa/]     
,assi/ance1 & ,cont9u+ ,appropriations  
,act1 #bjji 7,public ,law #aaj-cbi2 #abb
 ,/at4 #cegh71 are available on ! date (
 enactm5t ( ?is ,act to execute ! entire
 rescission describ$ 9 p>agraph 7#a71 on
 ! day aft] ! execution ( ! entire      
rescission1 !re is appropriat$ to !     
,secret>y1 out ( am\nts 9 ! ,treasury n 
o!rwise appropriat$1 #b1djj1jjj1jjj to  
c>ry out ?is section1 to rema9 available
 until exp5d$4