H.R. 7611 requires the Secretary of Energy to create a loan program to support manufacturers of energy grid products and components in the U.S. The program will offer up to $8 billion in loans to help expand or establish manufacturing facilities for items like transformers...
Simple Explanation
The bill is like a big money jar set up by the Secretary of Energy to help factories make important parts for electricity, like transformers. It promises $8 billion to help build or grow these factories, with some special money set aside for small factories, but it needs to be used carefully to be fair for everyone.