Bill > S4154

This bill, the Energizing Our Communities Act, aims to support communities that host transmission lines and promote conservation and recreation. The key provisions of the bill include: 1. Establishment of the "Community Economic Development Transmission Fund" to make payments to host communities (local governments or Indian Tribes) where eligible transmission projects are carried out using certain federal loan programs. 2. Requirement for a portion of the interest charged on these federal loans to be deposited into the Fund, with the Secretary of Energy determining the appropriate portion. 3. Eligibility for host communities to receive payments from the Fund, which must be used for community support (up to 80% of the payment) and conservation, stewardship, and recreation purposes (at least 20%). 4. Reporting requirements for the Secretary of Energy to provide information on the loan programs funding eligible transmission projects and annual reports on the operation of the Fund. The bill aims to support local communities impacted by the construction of large-scale transmission infrastructure by providing funding for essential public services, conservation efforts, and recreational opportunities.

Agriculture and Natural Resources

https://www.congress.gov/bill/118th-congress/senate-bill/4154/all-info