IMPACT Act proposes $30 billion in loans to clean energy manufacturers
Senator Sherrod Brown (D-OH) is proposing a bill that would lend $30 billion dollars to American small and medium sized manufacturing companies who specialize in clean technology. The bill would make American manufacturers a player in the clean technology market which faces stiff overseas competition. It is estimated that 70% of the components for clean technology (much of which was invented in America) are made abroad. So far, 150 businesses have come out and endorsed the Senator’s legislation.
