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S. Rept. 114-408 1 (2016-12-20)

handle is hein.congrecreports/crptxsnr0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP Calendar No. 223 114TH CONGRESS REPORT 2d Session SENATE 114-408 SMALL BUSINESS ENERGY EFFICIENCY ACT OF 2015 DECEMBER 20, 2016.-Ordered to be printed Filed, under authority of the order of the Senate of December 10 (legislative day, December 9), 2016 Mr. VITTER, from the Committee on Small Business and Entrepreneurship, submitted the following REPORT [To accompany S. 1756] The Committee on Small Business and Entrepreneurship, to which was referred the bill (S. 1756) to help small businesses take advantage of energy efficiency, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass. I. INTRODUCTION The Small Business Energy Efficiency Act of 2015 (S. 1756) was introduced by Senator Jeanne Shaheen, for herself and Senator Christopher A. Coons and Senator Mazie K. Hirono on July 14, 2015. The Act amends the Small Business Investment Act of 1958 to allow a state development company to use the economic develop- ment objective of helping small businesses achieve savings through energy efficiency to qualify for loan assistance. During the markup of the bill, the bill was approved unanimously by voice vote. II. HISTORY (PURPOSE & NEED FOR LEGISLATION) The Certified Development Company (CDC)/504 loan program at the SBA provides financing for major fixed assets such as equip- ment or real estate. To be eligible for 504 loans, applicants must meet several eligibility requirements, including, but not limited to: operating as a for-profit company; conducting or proposing to con- duct business in the United States or its possessions, and having 69-010

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