H.R. 2838, The Insular Areas Energy Act of 2007

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 2838 would enhance the Department of Energy Innovative Technology Loan Guarantee Program established under title XVII of the Energy Policy Act of 2005 by explicitly permitting its application on United States Government installations worldwide, in the Insular Areas of the United States, and in those nations in free association with the United States, as well as explicitly authorize loans for ocean thermal energy conversion projects.

Detailed Summary

Insular Areas Energy Act of 2007 - Amends the Energy Policy Act of 2005 to authorize the Secretary of Energy to make loan guarantees for target ocean thermal energy conversion systems projects.

Authorizes such guarantees for any specified eligible innovative energy projects, including ocean thermal energy conversion systems, which are located in Guam, American Samoa, the Commonwealth of the Northern Marianas Islands, the U.S. Virgin Islands, the Commonwealth of Puerto Rico, the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau, as well as any U.S. government installation worldwide (including military bases, embassies, other federally owned or leased facilities, and all territorial waters, seabed, and subsoil of submarine areas adjacent to such installations).

Status of the Legislation

Latest Major Action: 6/25/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Energy and Environment.

Points in Favor

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Points Against

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