ENERGY INFRASTRUCTURE REINVESTMENT FINANCING.

SEC. 50144. ENERGY INFRASTRUCTURE REINVESTMENT FINANCING.(a) Appropriation.—In addition to amounts otherwise available, there is appropriated to the Secretary for fiscal year 2022, out of any money in the Treasury not otherwise appropriated, $5,000,000,000, to remain available through September 30, 2026, 136 STAT. 2045 to carry out activities under section 1706 of the Energy Policy Act of 2005. (b) Commitment Authority.—The Secretary may make, through September 30, 2026, commitments to guarantee loans for projects under section 1706 of the Energy Policy Act of 2005 the total principal amount of which is not greater than $250,000,000,000, subject to the limitations that apply to loan guarantees under section 50141(d). (c) Energy Infrastructure Reinvestment Financing.—Title XVII of the Energy Policy Act of 2005 is amended by inserting after section 1705 (42 U.S.C. 16516) the following:“SEC. 1706. ENERGY INFRASTRUCTURE REINVESTMENT FINANCING.“(a) In General.—Notwithstanding section 1703, the Secretary may make guarantees, including refinancing, under this section only for projects that—“(1) retool, repower, repurpose, or replace energy infrastructure that has ceased operations; or “(2) enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or anthropogenic emissions of greenhouse gases. “(b) Inclusion.—A project under subsection (a) may include the remediation of environmental damage associated with energy infrastructure. “(c) Requirement.—A project under subsection (a)(1) that involves electricity generation through the use of fossil fuels shall be required to have controls or technologies to avoid, reduce, utilize, or sequester air pollutants and anthropogenic emissions of greenhouse gases. “(d) Application.—To apply for a guarantee under this section, an applicant shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require, including—“(1) a detailed plan describing the proposed project; “(2) an analysis of how the proposed project will engage with and affect associated communities; and “(3) in the case of an applicant that is an electric utility, an assurance that the electric utility shall pass on any financial benefit from the guarantee made under this section to the customers of, or associated communities served by, the electric utility. “(e) Term.—Notwithstanding section 1702(f), the term of an obligation shall require full repayment over a period not to exceed 30 years. “(f) Definition of Energy Infrastructure.—In this section, the term ‘energy infrastructure’ means a facility, and associated equipment, used for—“(1) the generation or transmission of electric energy; or “(2) the production, processing, and delivery of fossil fuels, fuels derived from petroleum, or petrochemical feedstocks.” . (d) Conforming Amendment.—Section 1702(o)(3) of the Energy Policy Act of 2005 (42 U.S.C. 16512(o)(3)) is amended by inserting “and projects described in section 1706(a)” before the period at the end.