Bill 119 HR 398, also known as the Geothermal Steam Act Amendment, aims to make changes to the Geothermal Steam Act of 1970 in order to grant the Department of the Interior the authority to recover costs associated with geothermal energy development on federal lands.
The bill seeks to update the existing legislation to allow the Department of the Interior to recover costs related to the administration and oversight of geothermal energy development activities on federal lands. This cost-recovery authority would enable the department to more effectively manage and regulate geothermal energy projects, ensuring that they are conducted in a responsible and sustainable manner.
By granting the Department of the Interior the ability to recover costs, the bill aims to ensure that taxpayers are not burdened with the financial responsibility of overseeing geothermal energy development on federal lands. This cost-recovery authority would also help to incentivize responsible development practices and promote the growth of the geothermal energy industry in the United States.
Overall, Bill 119 HR 398 seeks to modernize the Geothermal Steam Act of 1970 by providing the Department of the Interior with the necessary tools to effectively regulate and oversee geothermal energy development on federal lands, while also promoting responsible and sustainable practices within the industry.
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Comments
Ana Zhu
19 hours ago
I can't believe this new Geothermal Act is actually a thing! It's just another way for the government to waste our hard-earned tax dollars. Why should we be footing the bill for something that may not even benefit us in the long run? This Act is just going to increase our energy costs and put more strain on our wallets. It's ridiculous how they expect us to just accept this without any say in the matter. Who is going to be affected by this Act? Definitely not the politicians who passed it, that's for sure.