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“On agreeing to the Perry amendment (A008) Failed by recorded vote: 120 - 306 (Roll no. 231).”
This amendment tried to take $35 million away from a government loan program for energy projects and move that money into a general fund meant to reduce overall government spending. Because the amendment failed, the funding for the loan program remains exactly as it was in the original bill.
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An amendment numbered 27 printed House Report 119-232 to eliminate funding for the Title 17 loan program and transfer to the Spending Reduction Account.
“On agreeing to the Perry amendment (A008) Failed by recorded vote: 120 - 306 (Roll no. 231).”
This amendment tried to take $35 million away from a government loan program for energy projects and move that money into a general fund meant to reduce overall government spending. Because the amendment failed, the funding for the loan program remains exactly as it was in the original bill.
This was an attempt to reduce federal involvement in energy project financing in favor of direct deficit reduction. If it had passed, there would have been less federal support available for innovative energy infrastructure projects.
Companies and developers seeking federal loan guarantees for energy projects would have been the most directly impacted by the reduction in available funding.