[20200708]IN11452_能源部贷款计划：部落能源贷款担保.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Department of Energy Loan Programs: Tribal Energy Loan Guarantee July 8, 2020 The Department of Energys (DOEs) Loan Programs Office (LPO) manages two loan guarantee programs: (1) Tribal Energy Loan Guarantee Program (TELGP), the focus of this Insight; and (2) Title XVII Innovative Technology Loan Guarantee Program, the focus of a companion CRS Insight. Table 1 provides a high-level comparison of these programs. LPO also manages the Advanced Technology Vehicles Manufacturing (ATVM) direct loan program. A loan guarantee is designed to reduce the financial risk of a project to a lender. As with all federal credit programs, TELGP requires that credit subsidy costs be paid forthrough appropriations, payment by the borrower, or a combination thereofprior to finalizing a loan guarantee agreement. The Federal Credit Reform Act of 1990 (FCRA; Section 13201 of P.L. 101-508) requires that estimated lifetime net costs of new loans and loan guarantees be recorded in the budget year in which the loans are disbursed (2 U.S.C 661c). The costs of these credit programs, referred to as subsidy costs, are measured on a net p