H.R. 7422 · 118th Congress
Geothermal Cost-Recovery Authority Act of 2024
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 118th Congress ended.
D
Ocasio-CortezSponsorNo cosponsors.
- House Introduced Feb 20, 2024
- House Passed Sep 24, 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.
What it does: CRS summary · Reported to House · Sep 12, 2024
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Geothermal Cost-Recovery Authority Act of 2024
Latest action (Sep 25, 2024): Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
Policy area: Energy · Origin: House · Introduced: Feb 20, 2024
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Feb 20, 2024
- House Passed Sep 24, 2024
No recorded floor vote found.