S.Amdt. 1006
What it does: Inserts “: Provided further, That none of the funds made available under this heading may be used…” before the period at the end
Sen. John Thune (R-SD)What it changes
1 change to S.Amdt. 957
Inserts “: Provided further, That none of the funds made available under this heading may be used…” before the period at the end
InsertsPage 46, line 23Inserted: : Provided further, That none of the funds made available under this heading may be used to make a loan guarantee to an applicant if the value of the loan guarantee is $250,000,000 or more unless the Secretary of Energy requires a financial review of the project by an independent third party that includes a review of creditworthiness, construction factors, legal and regulatory issues, and other appropriate financial policy criteria, the third party reviewer submits to Congress, the Secretary, and the Director of the Office of Management and Budget a report on the results of the review, and a period of at least 60 days elapses after the date of the submission of the report before the loan guarantee is made
Original wording
On page 46, line 23, before the period, insert the following: “: Provided further, That none of the funds made available under this heading may be used to make a loan guarantee to an applicant if the value of the loan guarantee is $250,000,000 or more unless the Secretary of Energy requires a financial review of the project by an independent third party that includes a review of creditworthiness, construction factors, legal and regulatory issues, and other appropriate financial policy criteria, the third party reviewer submits to Congress, the Secretary, and the Director of the Office of Management and Budget a report on the results of the review, and a period of at least 60 days elapses after the date of the submission of the report before the loan guarantee is made”.
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1006. Mr. THUNE submitted an amendment intended to be proposed to amendment SA 957 proposed by Mr. Reid to the bill H.R. 2354, making appropriations for energy and water development and related agencies for the fiscal year ending September 30, 2012, and for other purposes; which was ordered to lie on the table; as follows:
On page 46, line 23, before the period, insert the following: “: Provided further, That none of the funds made available under this heading may be used to make a loan guarantee to an applicant if the value of the loan guarantee is $250,000,000 or more unless the Secretary of Energy requires a financial review of the project by an independent third party that includes a review of creditworthiness, construction factors, legal and regulatory issues, and other appropriate financial policy criteria, the third party reviewer submits to Congress, the Secretary, and the Director of the Office of Management and Budget a report on the results of the review, and a period of at least 60 days elapses after the date of the submission of the report before the loan guarantee is made”.
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Senate amendment submitted
November 15, 2011