Energizing Our Communities Act

This bill creates a Community Economic Development Transmission Fund in the U.S. Treasury, run by the Secretary of Energy. A portion of the interest collected on certain Department of Energy loans for electric transmission line projects would be deposited in the fund each year. Local governments and Indian Tribes with land where these projects are built could request a one-time payment per project, made within 18 months after construction begins. Communities could use up to 80 percent of a payment for public services such as schools, roads, broadband, and law enforcement, and must use at least 20 percent for conservation, stewardship, or recreation. The Secretary would report to Congress each year on fund deposits, balances, and payments.

Full text and official record on Congress.gov

Sponsors

• Sean Casten Democrat sponsor
• 0 cosponsors