Solar Energy Development Bank Act
Latest action. Referred to House Committee on Banking, Finance and Urban Affairs.
Solar Energy Development Bank Act - Establishes the Solar Energy Development Bank, within the Department of Housing and Urban Development, to make below-market interest rate loans to encourage the use of solar energy in commercial and residential structures. Provides that such Bank shall be governed by a Board of Directors and sets forth the duties and powers of such Board. Authorizes the Bank to make payments to financial institutions for the purpose of subsidizing below-market rate loans made by such institutions to owners or builders of commercial and residential structures for the purchase and installation of solar energy systems. Sets forth requirements for such subsidies concerning the term and amount of loans to be subsidized and necessary warranties for such solar energy systems. Imposes criminal penalties for the furnishing of false or misleading information by applicants for loans assisted under this Act. Directs the Board to make annual reports to the President and to both Houses of Congress on the operation of such subsidy program. Provides that up to $35,000,000 for fiscal year 1980 and up to $150,000,000 for fiscal years 1981 through 1985 shall be made available from the Energy Security Trust Fund for the purpose of carrying out this Act.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on July 26, 1979. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on July 26, 1979: Referred to House Committee on Banking, Finance and Urban Affairs.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 96th Congress (1979-80), 613 of the 12,581 bills and joint resolutions introduced became law, about 4.9 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
STEPHEN NEAL (D-NC) introduced it on July 26, 1979. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on July 26, 1979, 17260 days ago. The most recent recorded action was 17260 days ago, on July 26, 1979.
Measures do not carry over. Anything the 96th Congress has not finished by January 3, 1981 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers