Loan

Infrastructure Plan Relies On Federal Loan Programs

On March 31, 2021, President Biden released one of his most significant policy initiatives, the American Jobs Plan. The eight-year, over $2 trillion plan proposes large investments in a broadened scope of infrastructure. In addition to upgrades to traditional transportation infrastructure such as highways, bridges, ports, airports and transit systems, the plan details other priorities such as promoting electric vehicles, building a more resilient electric grid, rebuilding water infrastructure and expanding high-speed broadband access.

The plan’s implementation is expected to rely heavily on direct financing from federal loan programs in addition to tax credits and other incentive programs, and direct

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Infrastructure Plan Relies On Federal Loan Programs | Skadden, Arps, Slate, Meagher & Flom LLP

On March 31, 2021, President Biden released one of his most significant policy initiatives, the American Jobs Plan. The eight-year, over $2 trillion plan proposes large investments in a broadened scope of infrastructure. In addition to upgrades to traditional transportation infrastructure such as highways, bridges, ports, airports and transit systems, the plan details other priorities such as promoting electric vehicles, building a more resilient electric grid, rebuilding water infrastructure and expanding high-speed broadband access.

The plan’s implementation is expected to rely heavily on direct financing from federal loan programs in addition to tax credits and other incentive programs, and direct

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House Democrats seek to expand loan program for fuel-efficient vehicle projects

Washington — Two House Democrats introduced a bill April 1 that would expand a loan program within the Department of Energy for projects that are committed to the production of fuel-efficient vehicles and parts.

The bill, sponsored by Reps. Debbie Dingell of Michigan and Julia Brownley of California, would update the Energy Department’s Advanced Technology Vehicles Manufacturing loan program by broadening the definition of eligible borrowers to include “ultra-efficient vehicles,” as well as light-duty and medium-duty passenger vehicles and heavy-duty vehicles that meet emissions standards set by the EPA or emit zero emissions.

The measure — dubbed the Advanced Technology

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