Sec. 605.
235 words·~1 min read·
/bill/116/hr/7613/rh/section-605A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No later than 6 months after the date of enactment of this Act, the Secretary of Energy, in coordination with the Secretary of Commerce, shall— determine any geographic area within the contiguous United States that lacks a Federal power marketing agency; develop a plan or criteria for the geographic areas identified in paragraph
(1)regarding investment in renewable energy and associated infrastructure within an area identified in paragraph (1); and identify any Federal agency within an area in paragraph
(1)that has, or could develop, the ability to facilitate the investment in paragraph (2). The Secretary of Energy, in coordination with the Secretary of Commerce, shall provide the determinations made under subsection
(a)to the Committee on Appropriations and the Committee on Energy and Commerce of the House of Representatives. Based upon the determinations made pursuant to subsection (a), the Secretary of Energy, in coordination with the Secretary of Commerce, shall recommend to the Committee on Energy and Commerce of the House of Representatives the establishment of any new Federal lending authority, including authorization of additional lending authority for existing Federal agencies, not to exceed $3,500,000,000 per geographic area identified in subsection (a)(1). There is hereby appropriated $25,000,000 to carry out this section. The amounts provided by this section are designated by the Congress as being for an emergency requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985.