To amend section 203 of the Federal Power Act.

Bill 115 hr 1109, also known as the "To amend section 203 of the Federal Power Act," is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to make changes to section 203 of the Federal Power Act, which deals with the transfer of licenses for hydroelectric projects.

The main goal of this bill is to streamline the process for transferring licenses for hydroelectric projects, making it easier for companies to buy and sell these licenses. The bill aims to reduce regulatory burdens and promote investment in the hydroelectric industry.

Specifically, the bill proposes to amend section 203 of the Federal Power Act to allow for the transfer of licenses for hydroelectric projects without requiring prior approval from the Federal Energy Regulatory Commission (FERC). Instead, the bill would require companies to notify FERC of the transfer within 30 days of the transaction. Proponents of the bill argue that these changes will help to expedite the transfer process, encourage investment in the hydroelectric industry, and promote economic growth. However, critics of the bill have raised concerns about potential environmental impacts and the need for proper oversight of license transfers. Overall, Bill 115 hr 1109 seeks to make changes to the Federal Power Act in order to facilitate the transfer of licenses for hydroelectric projects. It is currently under consideration in Congress and has sparked debate among lawmakers and stakeholders in the energy industry.