Southwestern Power Administration Fund Establishment Act
Southwestern Power Administration: New Funding System
This bill is currently being reviewed by a Senate committee after a recent hearing. It is actively moving through the early stages of the legislative process. There are no further actions scheduled at this time.
Legislative Progress
While the bill has support from regional leaders, technical changes to how agencies handle federal money often move slowly through the committee process.
Key Points
- This bill creates a new account in the U.S. Treasury specifically for the Southwestern Power Administration. This agency sells electricity from federal dams to people in states like Kansas, Missouri, Oklahoma, and Arkansas.
- The agency would be able to keep the money it makes from selling power and use it directly for repairs and upgrades. Currently, the agency often has to wait for Congress to approve spending, which can slow down important maintenance on power lines and stations.
- The fund would cover the costs of running power facilities, building new transmission lines, and marketing electricity. Any extra money left over at the end of the year would be sent back to the U.S. Treasury to help pay down national costs.
- By managing its own money more like a business, the agency could respond faster to emergencies or equipment failures. This helps ensure that the millions of people who rely on this federal power have a more reliable electricity supply.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Committee on Energy and Natural Resources Subcommittee on Water and Power. Hearings held.
Read twice and referred to the Committee on Energy and Natural Resources.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Southwestern Power Administration Fund Establishment Act
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.