Energizing Our Communities Act

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

Full text and official record on Congress.gov

Sponsors

• Peter Welch Democrat sponsor
• 1 cosponsors