Us Congress House Bill HB1290

Us Congress 2023-2024 Regular Session

• Introduced: 3/1/23
• Refer: 3/1/23
• Refer: 4/4/23

Caption

To amend the Food, Conservation, and Energy Act of 2008 to clarify propane storage as an eligible use for funds provided under the storage facility loan program, and for other purposes.

Impact

The implications of this bill could be substantial for the agricultural sector, particularly for farmers and producers who rely on propane for their operations. By including propane storage in the definition of eligible uses under the loan program, the bill aims to ease financial constraints on agricultural producers, enabling them to better manage their operational costs and resources. This could lead to improved efficiency in agricultural production and enhanced rural economic stability.

Summary

House Bill 1290 proposes an amendment to the Food, Conservation, and Energy Act of 2008. The main objective of the bill is to incorporate propane storage as an eligible expense for funds available through the storage facility loan program. This bill is significant as it seeks to clarify what constitutes eligible uses of such funds, potentially broadening access for agricultural producers who require adequate storage solutions for propane, which is vital for various agricultural activities.

Contention

However, discussions surrounding HB 1290 may draw out points of contention regarding energy use and environmental considerations. As propane is a fossil fuel, there could be debates on the sustainability of subsidizing its storage under federal agricultural programs, especially in the context of broader climate change policies. Stakeholders may voice concerns over the impact of such measures on renewable energy initiatives and the transition towards more sustainable agricultural practices.