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Tuesday, September 21, 2010

Small Business Bill Clears US Senate

The US Senate pass long-stalled Small Business Legislation, which includes an extension through 2010 of Bonus Depreciation, one of the Solar Energy Industry Association's legislative priorities.

The US Congress continues to push through its brief session before Members return home to campaign ahead of the November election. Both the House and Senate are expected to adjourn by Sept. 30.

The Small Business Legislation must now be passed by the House before it heads to the President's desk.

The Senate Energy and Natural Resources Committee holds a hearing on the effectiveness of the Department of Energy Loan Guarantee Program this Thursday, 23 Sept. at 9:30 a.m. SEIA Member First Solar will testify.

SEIA staff continue to work with Congressional staff on finding a legislative vehicle for the Treasury Grant Program extension, but it looks increasingly likely that Congress will be unable to pass any legislation over the next two weeks and any possible movement would take place after the November elections in a lame duck session.   Via: Solar Novus Today

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