S. 308 · 108th Congress
A bill to impose greater accountability on the Tennessee Valley Authority with respect to capital investment…
Full title
A bill to impose greater accountability on the Tennessee Valley Authority with respect to capital investment decisions and financing operations by increasing Congressional and Executive Branch oversight.
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
LottSponsorNo cosponsors.
Directs the Tennessee Valley Authority (TVA) to submit a Ten-Year Business Outlook and Strategic Plan to the Director of the Office of Management and Budget and to certain congressional committees that includes: (1) estimates of power demand and capital expenditures; (2) a strategy and criteria for the development and financing of new nuclear and nonnuclear…
What it does: CRS summary · Introduced in Senate · Feb 5, 2003
Requires the financial plan to include TVA policies regarding: (1) the use of short-term and long-term debt; (2) the use of derivative or other financing instruments; and (3) risk management strategies.
Prohibits TVA, until the Director and each of the congressional committee leaders issue a written concurrence to the Plan, from: (1) expending any internally generated capital or otherwise undertake any investment in, or enter into any arrangement that would result in the development or financing of, new, additional, or replacement plant, equipment, or capacity; or (2) undertaking any financing of additional indebtedness or refinancing of debt without the written concurrence of the Director and leaders of specified congressional committees.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to impose greater accountability on the Tennessee Valley Authority with respect to capital investment decisions and financing operations by increasing Congressional and Executive Branch oversight.
Latest action (Feb 5, 2003): Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S1983)
Policy area: Water Resources Development · Origin: Senate · Introduced: Feb 5, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.