Bill 119 hr 144, also known as the Tennessee Valley Authority Reporting Exemption Act, is a piece of legislation that exempts certain reports required to be submitted by the Tennessee Valley Authority (TVA) from the Federal Reports Elimination and Sunset Act of 1995. This exemption allows the TVA to continue submitting these reports without being subject to the requirements of the 1995 Act.
The Tennessee Valley Authority is a federally owned corporation that provides electricity for the Tennessee Valley region. The reports in question are likely related to the TVA's operations, finances, and other important information that is necessary for oversight and accountability.
The purpose of this bill is to ensure that the TVA can continue to operate effectively and efficiently without being burdened by unnecessary reporting requirements. By exempting the TVA from the 1995 Act, Congress is acknowledging the unique role that the TVA plays in providing electricity and promoting economic development in the Tennessee Valley region.
Overall, the Tennessee Valley Authority Reporting Exemption Act is a straightforward piece of legislation that seeks to streamline reporting requirements for the TVA while still ensuring transparency and accountability. It is important for Congress to carefully consider the implications of this bill and weigh the benefits of exempting the TVA from certain reporting requirements against the need for oversight and transparency in the TVA's operations.