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The One Big Beautiful Bill Act amended the Energy Infrastructure Reinvestment Program administered by the U.S. Department of Energy’s Loan Programs Office as authorized by Title XVII of the Energy Policy Act of 2005, as amended. The One Big Beautiful Bill Act, and its Energy Dominance Financing provisions, necessitate immediate and material changes to DOE’s existing regulations set forth in 10 CFR part 609 to enable the continued processing of loan applications and issuance of loan guarantees for all categories of Title XVII projects. The loan authority and appropriations authorized under the One Big Beautiful Bill Act are available through September 30, 2028, making the implementation of the authority, and associated amendments, time-sensitive.

Statement of Need:

The Energy Dominance Financing Amendments interim final rule would amend DOE’s regulations implementing the Title XVII loan guarantee program to incorporate new categories of eligible projects and other provisions of the One Big Beautiful Bill Act. The rule would enable DOE to guarantee loans of up to a total principal amount of $250 billion through September 30, 2028, for a broad range of energy infrastructure projects.

Summary of the Legal Basis:

Title XVII of the Energy Policy Act of 2005, as amended (Title XVII) directs the Department of Energy to make loan guarantees for certain types of energy projects, after final regulations are issued. 42 U.S.C. 16515(b) & (d).

Alternatives:

N/A

Anticipated Costs and Benefits:

Reduce the reporting burden, which translates to a cost savings.

Risks:

NA