Overview

Title

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Energy relating to Loan Guarantees for Clean Energy Projects.

ELI5 AI

H. J. RES. 191 is about Congress wanting to say "no" to a rule that would help give money to projects that make clean energy, like wind or solar power. If Congress agrees, this rule won't happen, and that could slow down making more clean energy.

Summary AI

H. J. RES. 191 is a resolution introduced in the House of Representatives that expresses congressional disapproval of a specific rule from the Department of Energy. This rule involves "Loan Guarantees for Clean Energy Projects" and was published on May 30, 2023, in the Federal Register. If this resolution is passed, it would prevent the rule from being put into effect.

Published

2024-07-18
Congress: 118
Session: 2
Chamber: HOUSE
Status: Introduced in House
Date: 2024-07-18
Package ID: BILLS-118hjres191ih

Keywords AI

congressional disapproval department of energy loan guarantees clean energy projects 118th congress environmental implications regulatory environment financial support policy impact energy transition

Sources

Bill Statistics

Size

Sections:
1
Words:
228
Pages:
1
Sentences:
7

Language

Nouns: 81
Verbs: 17
Adjectives: 7
Adverbs: 1
Numbers: 11
Entities: 23

Complexity

Average Token Length:
4.36
Average Sentence Length:
32.57
Token Entropy:
4.31
Readability (ARI):
18.98

AnalysisAI

General Summary

The joint resolution H. J. RES. 191, introduced in the 118th Congress during its second session, proposes the disapproval of a specific rule from the Department of Energy (DOE). This rule, initially published in a Federal Register notice dated May 30, 2023, affects "Loan Guarantees for Clean Energy Projects." The resolution asserts that the rule shall be rendered ineffective, meaning it would not be enforced if the disapproval passes Congress.

Summary of Significant Issues

Several significant issues arise from this resolution. First, if Congress disapproves of the DOE's rule, financial support mechanisms for clean energy projects may be curtailed. Loan guarantees are crucial for such initiatives as they help secure funding by reducing financial risk to private investors. The resolution could thereby hinder the growth of clean energy projects.

Another issue is the lack of clarity regarding why Congress seeks to disapprove the rule. The resolution does not provide a rationale, potentially leading to ambiguity about the motivations behind this legislative action. This absence of explanation may cause speculation or concern among proponents of clean energy, who might see it as a step backward in the nation's energy transition.

Additionally, the resolution does not detail the specific repercussions of nullifying the rule. This uncertainty might cause confusion and potential instability for those involved in clean energy projects, including project developers, financial institutions, and energy consumers.

Impact on the Public

Broadly, the disapproval of this rule could slow the progress towards clean energy adoption in the United States. If financial backing becomes scarce, fewer clean energy projects may be initiated. This outcome could have environmental and economic consequences, potentially slowing efforts to curb climate change and limiting new job opportunities in the burgeoning clean energy sector.

Impact on Specific Stakeholders

For stakeholders directly involved in clean energy, such as developers and investors, this resolution could have negative implications. It may lead to increased financial uncertainty and difficulty in securing necessary capital for projects. As a consequence, innovation and deployment in the clean energy space might slow, affecting industries reliant on green technologies.

Conversely, entities favoring traditional energy sources might perceive a positive impact. If clean energy projects face increased barriers, market competition could lessen for fossil fuel-based energy providers, possibly leading to sustained or increased market share in certain energy sectors.

In summary, the proposed congressional disapproval of the DOE's rule on loan guarantees holds significant potential implications both broadly for the public and specifically for stakeholders involved with clean energy projects. The lack of clarity surrounding the resolution further complicates understanding its full impact.

Issues

  • The disapproval of the rule might limit financial support for clean energy projects, potentially affecting the growth of clean energy initiatives. This decision could have significant political and environmental implications, as it might slow down efforts to transition to clean energy sources. (Section)

  • The wording 'and such rule shall have no force or effect' is clear, but the rationale behind disapproving the rule is not provided, leading to potential ambiguity about the reasoning behind the disapproval. This lack of transparency could raise suspicions or concerns among the public and stakeholders who support clean energy projects. (Section)

  • The specific impacts of disapproving the rule are not detailed, which could lead to uncertainty among stakeholders involved in clean energy projects. This vagueness might result in legal and financial challenges as stakeholders seek to understand the new regulatory environment. (Section)

Sections

Sections are presented as they are annotated in the original legislative text. Any missing headers, numbers, or non-consecutive order is due to the original text.

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Summary AI

Congress disapproves a specific rule made by the Department of Energy about "Loan Guarantees for Clean Energy Projects," meaning the rule will not be effective or enforced.