Providing Recovery Opportunities & Mitigating Industry’s Shifting Economics (PROMISE) Act
Official title: To provide economic stabilization resources to distressed rural communities directly impacted by the closure of an electric generating station, and for other purposes.
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Referred to the Subcommittee on National Parks, Forests, and Public Lands.
Providing Recovery Opportunities & Mitigating Industry's Shifting Economics (PROMISE) Act
This bill addresses providing resources to communities affected by the closure of a federally-owned electric generating station.
Among other things, the bill
- authorizes the Department of the Interior to conduct land reuse studies in connection with the closure of an electric generating station to determine the next best use of the property;
- provides for a demonstration project to assist dislocated workers;
- allows Interior to provide annual payments to a state, tribal, or local government for loss of revenues due to the closing of an electric generating facility; and
- establishes a Significantly Impacted Federal Community Economic Adjustment Program to assist substantially and seriously affected communities, businesses, and workers from the effects of energy infrastructure closures.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4318: Providing Recovery Opportunities & Mitigating Industry’s Shifting Economics (PROMISE) Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-4318/
"H.R. 4318: Providing Recovery Opportunities & Mitigating Industry’s Shifting Economics (PROMISE) Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-4318/.
H.R. 4318, 116th Cong. (2026), https://openamerica.io/bill/116-HR-4318/.
[H.R. 4318: Providing Recovery Opportunities & Mitigating Industry’s Shifting Economics (PROMISE) Act](https://openamerica.io/bill/116-HR-4318/)