Pollution Control Facility Loan Act
Latest action. Referred to Senate Committee on Banking, Housing and Urban Affairs.
Pollution Controll Facility Loan Act - Defines the terms used in this Act. Authorizes the Secretary of Commerce to make loans to any applicant to aid in financing any project within an eligible area for the acquisition, construction, rehabilitation, alteration, expansion, or improvement of a certified pollution control facility. Specifies the conditions of such loans, including that: (1) no loan shall be made unless it is determined that there is reasonable assurance of repayment; (2) no loan, including renewals or extensions, may be made for a period exceeding twenty-five years; (3) loans shall bear interest at the rate of 5 percent per annum; and (4) no loan shall be made which exceeds 65 percent of the aggregate cost of the project. Establishes in the Treasury a revolving fund available to the Secretary for the purpose of making loans under this Act. Authorizes to be appropriated $750,000,000 to carry out this Act and to be deposited in the revolving fund.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on January 29, 1974. 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 January 29, 1974: Referred to Senate Committee on Banking, Housing and Urban Affairs.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- 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 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 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?
THOMAS MCINTYRE (D-NH) introduced it on January 29, 1974. 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 January 29, 1974, 19217 days ago. The most recent recorded action was 19217 days ago, on January 29, 1974.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 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
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers