National Energy Community Transition Act of 2022

Senate Bill 4183 - National Energy Community Transition Act of 2022: Overview, Status, and Impact

Hozzl · 2024-03-13T02:51:08Z

Explore the details of Senate Bill 4183 National Energy Community Transition Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

3/13/2024, 2:51 AM

Congressional Summary of S 4183

National Energy Community Transition Act of 2022

This bill establishes a federally chartered nonprofit corporation to assist communities that have historically relied on fossil fuel energy generation or extraction with transitioning away from that reliance.

The bill also endows the corporation initially with funds from the Treasury and then with a percentage of amounts received by the Treasury each year from fossil fuel and renewable energy leases on federal land. The corporation is responsible for investing its endowment and using a portion of the earnings to fund activities to assist communities with economic development and diversification and the provision of government services.

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Current Status of Bill S 4183

Bill S 4183 is currently in the status of Bill Introduced since May 11, 2022. Bill S 4183 was introduced during Congress 117 and was introduced to the Senate on May 11, 2022. Bill S 4183's most recent activity was Read twice and referred to the Committee on the Judiciary. as of May 11, 2022