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LEGISLATION/H.R. 7422

Geothermal Cost-Recovery Authority Act of 2024

118-HR-7422118th CongressIntroduced Feb 20, 2024Energy
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.

Sponsor

Rep. Ocasio-Cortez, Alexandria [D-NY-14](D-NY-14)

Summary

Geothermal Cost-Recovery Authority Act of 2024

This bill expands the Geothermal Steam Act of 1970 to give the Department of the Interior the authority to collect certain fees from holders of geothermal leases through September 30, 2031. Specifically, Interior may direct those leaseholders to reimburse the United States for costs from (1) processing applications for geothermal leases on federal land, such as applications for geothermal drilling permits; and (2) monitoring geothermal exploration and development activities, including reclamation activities. Interior may reduce the amount of the fee if it determines that (1) the full reimbursement would impose an economic hardship on the leaseholder, or (2) a less than full reimbursement is necessary to promote the greatest use of geothermal resources.

Interior must use those fees for processing applications for geothermal leases and monitoring related exploration and development activities. 

Within five years of the bill's enactment, Interior must submit to Congress a report that includes an assessment of how the fees affect Interior's geothermal leasing program and any recommendations for updates to the fees and the program. 

Subjects

Alternative and renewable resourcesElectric power generation and transmissionEnvironmental assessment, monitoring, researchLand use and conservationMiningPollution liabilityUser charges and fees

Actions (18)

Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
Sep 25, 2024Senate
Motion to reconsider laid on the table Agreed to without objection.
Sep 24, 2024House floor actions
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5726-5727)
Sep 24, 2024House floor actions
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5726-5727)
Sep 24, 2024Library of Congress
DEBATE - The House proceeded with forty minutes of debate on H.R. 7422.
Sep 24, 2024House floor actions
Considered under suspension of the rules. (consideration: CR H5726-5727)
Sep 24, 2024House floor actions
Mr. Westerman moved to suspend the rules and pass the bill, as amended.
Sep 24, 2024House floor actions
Placed on the Union Calendar, Calendar No. 566.
Sep 12, 2024House floor actions
Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-670.
Sep 12, 2024House floor actions
Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-670.
Sep 12, 2024Library of Congress
Ordered to be Reported in the Nature of a Substitute by Unanimous Consent.
Apr 16, 2024House committee actions
Committee Consideration and Mark-up Session Held
Apr 16, 2024House committee actions
Subcommittee on Energy and Mineral Resources Discharged
Apr 16, 2024House committee actions
Subcommittee Hearings Held
Mar 6, 2024House committee actions
Referred to the Subcommittee on Energy and Mineral Resources.
Mar 4, 2024House committee actions
Referred to the House Committee on Natural Resources.
Feb 20, 2024House floor actions
Introduced in House
Feb 20, 2024Library of Congress
Introduced in House
Feb 20, 2024Library of Congress
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