Summary of Bill HR 2160
Bill 119 HR 2160 aims to make changes to the Internal Revenue Code of 1986 in order to provide support for upgrades at existing hydroelectric dams. The goal of these upgrades is to increase clean energy production, improve the resiliency and reliability of the United States electric grid, and enhance the health of the nation's rivers and associated wildlife habitats.
The bill seeks to incentivize the modernization of hydroelectric dams by providing tax credits and other financial support to dam owners who invest in upgrades that will improve the efficiency and environmental impact of their facilities. By encouraging these upgrades, the bill aims to increase the amount of clean energy produced by hydroelectric dams, which can help reduce greenhouse gas emissions and combat climate change.
In addition to supporting clean energy production, the bill also aims to improve the resiliency and reliability of the US electric grid. By modernizing hydroelectric dams, which are a key component of the nation's energy infrastructure, the bill seeks to ensure that the grid can better withstand disruptions and provide reliable power to consumers.
Furthermore, the bill emphasizes the importance of protecting the health of the nation's rivers and the wildlife habitats that depend on them. By encouraging upgrades at hydroelectric dams that can improve water quality, fish passage, and habitat restoration, the bill aims to enhance the overall health and biodiversity of these important ecosystems.
Overall, Bill 119 HR 2160 seeks to promote clean energy production, improve the reliability of the electric grid, and protect the health of the nation's rivers and wildlife habitats through targeted support for upgrades at existing hydroelectric dams.