Clean Energy Deployment Financing

The Bottom Line

Under a second term of the Biden-Harris Administration

Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) implementation activities, including those of the Department of Energy (DOE) Loan Programs Office (LPO), would continue, regardless of which parties control the chambers of Congress.

Under a Republican Administration

Expect the Department of Energy’s LPO to undergo significant changes.
A new Republican Administration would likely see LPO as a political target and pause new lending activities for an extended period, across all of LPO’s authorities.

  • There would likely be a return to Trump Administration budget proposals to terminate the LPO.
    The Trump Administration proposed terminating LPO and winding down all projects. Congress did not enact these changes. An incoming Republican Administration would likely repeat these proposals, though enactment remains highly unlikely. 

  • Political pressure could help spur new lending.
    Over time, political pressure from Republican or swing states will determine if the Administration makes new loans.

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The information in this online resource is made available by Boundary Stone Partners (“BSP”) and is intended for informational and general knowledge purposes only. It is not meant to convey BSP’s official position on any specific matter or on behalf of any client, and it is not designed to be, and should not be used as, a form of legal or investment advice, or as the basis for legal or investment decisions. The information provided here is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. If you have specific questions regarding a particular fact situation, we encourage you to contact BSP or, for legal matters, to consult with competent legal counsel.