HYDRO Act of 2024

Hozzl · 2024-02-01T21:15:19Z

Explore the details of Senate Bill 3581 HYDRO Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

2/1/2024, 9:15 PM

Summary of Bill S 3581

The HYDRO Act of 2024, also known as Bill 118 s 3581, is a piece of legislation introduced in the US Congress with the aim of promoting the development and use of hydropower as a renewable energy source. The bill seeks to streamline the regulatory process for hydropower projects, making it easier for developers to obtain permits and licenses for new facilities.

One of the key provisions of the HYDRO Act is the establishment of a new office within the Department of Energy dedicated to overseeing and coordinating federal efforts to support hydropower development. This office will work with other federal agencies, as well as state and local governments, to identify and address barriers to hydropower development and promote the use of this clean energy source.

Additionally, the bill includes provisions to provide financial incentives for the development of new hydropower projects, such as tax credits and grants for research and development. It also calls for the modernization of existing hydropower facilities to improve efficiency and reduce environmental impacts. Overall, the HYDRO Act of 2024 aims to increase the use of hydropower as a renewable energy source in the United States, in line with the country's goals to reduce greenhouse gas emissions and combat climate change. The bill has received bipartisan support in Congress and is currently being considered for passage.

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Current Status of Bill S 3581

Bill S 3581 is currently in the status of Bill Introduced since January 11, 2024. Bill S 3581 was introduced during Congress 118 and was introduced to the Senate on January 11, 2024. Bill S 3581's most recent activity was Read twice and referred to the Committee on Energy and Natural Resources. as of January 11, 2024

Bipartisan Support of Bill S 3581

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3581

Primary Policy Focus

Energy

Alternate Title(s) of Bill S 3581

HYDRO Act of 2024HYDRO Act of 2024Hydropower Delivery Rate-reduction Offset Act of 2024A bill to direct the Administrator of the Western Area Power Administration to reduce rates for firm electric service customers due to shortfalls in generation from certain Bureau of Reclamation hydroelectric facilities, and for other purposes.

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