S 4183
117th Congress
Senate
Energy
National Energy Community Transition Act of 2022
Introduced: May 11, 2022
Introduced by:
Bennet, Michael F.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 11, 2022
Read twice and referred to the Committee on the Judiciary.
May 11, 2022
Introduced in Senate
Plain-English summary
National Energy Community Transition Act of 2022
This bill establishes a federally chartered nonprofit corporation to assist communities that have historically relied on fossil fuel energy generation or extraction with transitioning away from that reliance.
The bill also endows the corporation initially with funds from the Treasury and then with a percentage of amounts received by the Treasury each year from fossil fuel and renewable energy leases on federal land. The corporation is responsible for investing its endowment and using a portion of the earnings to fund activities to assist communities with economic development and diversification and the provision of government services.
What's happening now
Read twice and referred to the Committee on the Judiciary.
Committees of jurisdiction
1