Bill

Bill > HR2308


US HR2308

US HR2308
ATVM Future Act Advanced Technology Vehicles Manufacturing Future Act of 2021


summary

Introduced
04/01/2021
In Committee
04/02/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To revise the advanced technology vehicles manufacturing incentive program, and for other purposes.

AI Summary

This bill, the Advanced Technology Vehicles Manufacturing (ATVM) Future Act of 2021, aims to revise the ATVM incentive program established in the Energy Independence and Security Act of 2007. The key provisions of the bill include: expanding the definition of "advanced technology vehicle" to include more environmentally-friendly vehicles and components; increasing the maximum cost-share for manufacturing facilities producing "ultra-efficient components"; extending the program from 2020 to 2031; modifying the loan application process to require more information on labor practices and job creation; and authorizing $10 million per year from 2022 to 2031 to carry out the program. The bill's goal is to support the manufacturing of advanced, energy-efficient vehicles and components in the United States.

Committee Categories

Agriculture and Natural Resources, Business and Industry

Sponsors (4)

Last Action

Referred to the Subcommittee on Energy. (on 04/02/2021)

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