Section 1 Short title
This Act may be cited as the “Energy Accountability Act”.
Energy Accountability Act
A BILL
To amend title XVII of the Energy Policy Act of 2005 to specify that the Secretary of Energy may not make a loan guarantee under such title for a project if the applicable borrower has previously defaulted on an obligation guaranteed under such title, and for other purposes.
Sec. 2 Disqualification of borrowers who have previously defaulted
Section 1702 of the Energy Policy Act of 2005 (42 U.S.C. 16512) is amended by adding at the end the following:
“(r) Disqualification for previous defaults—The Secretary may not make a guarantee under this title for a project if the borrower or any related or successor entity, as determined by the Secretary, has previously defaulted on an obligation guaranteed under this title.”