How HR 6413 changes current law

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill expands assistance for biorefinery and biobased product manufacturing, adding grants and modifying existing loan guarantee provisions.

• 7 U.S.C. 8103(a)

  to assist → to develop advanced biofuels (which, for purposes of this section, shall include ultra-low-carbon bioethanol and zero-carbon bioethanol), renewable chemicals, and biobased product manufacturing and assist

  The purpose of the section is updated to include specific types of advanced biofuels.

• 7 U.S.C. 8103(b)(1)

  technologically new

  The term 'biobased product manufacturing' is clarified by removing 'technologically new'.

• 7 U.S.C. 8103(b)(1)

  end-user products → end-user products, renewable chemicals, and biobased products

  The definition of biobased product manufacturing is expanded to include renewable chemicals and biobased products.

• 7 U.S.C. 8103(c)

  The Secretary shall make available to eligible entities guarantees → Subject to the availability of funding, the Secretary shall make available to eligible entities--(1) on a year-round basis, guarantees

  The provision for loan guarantees is made dependent on funding availability and is offered on a continuous basis.

• 7 U.S.C. 8103(c)

  (2) grants, on a competitive basis, to develop, construct, or retrofit pilot or demonstration-scale biorefineries to demonstrate the commercial viability of 1 or more processes for converting renewable biomass to advanced biofuels, renewable chemicals, and biobased products in accordance with subsection (e).

  New grants are introduced for pilot or demonstration-scale biorefineries to support commercial viability.

• 7 U.S.C. 8103(d)(1)(A)

  In approving a loan guarantee application → In approving an application for a loan guarantee under subsection (c)(1)

  The language is updated for clarity regarding loan guarantee applications.

• 7 U.S.C. 8103(d)(1)(A)

  (ii) Waiver.--The Secretary may waive the feasibility study under clause (i) for proven or otherwise commercially available technologies.

  The Secretary gains the authority to waive feasibility studies for already proven technologies.

• 7 U.S.C. 8103(d)(1)(B)

  loan guarantee applications → applications for loan guarantees under subsection (c)(1)

  Clarifies the reference to loan guarantee applications.

• 7 U.S.C. 8103(g)(1)(A)

  loan guarantees → loan guarantees and grants

  The types of financial assistance covered in funding announcements are broadened to include grants.

• 7 U.S.C. 8103(g)(1)(A)

  (v) $100,000,000 for each of fiscal years 2024 through 2028.

  Specific funding amounts are established for each fiscal year from 2024 to 2028.