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Energy PRICE Act of 2021
12/31/2022, 5:05 AM
Summary of Bill HR 4556
Bill 117 hr 4556, also known as the Energy PRICE Act of 2021, aims to address rising energy costs and promote energy efficiency in the United States. The bill focuses on several key areas, including increasing funding for energy efficiency programs, incentivizing the use of renewable energy sources, and promoting energy conservation measures.
One of the main provisions of the Energy PRICE Act is the establishment of a grant program to provide funding for energy efficiency upgrades in residential and commercial buildings. This program aims to help reduce energy consumption and lower energy bills for consumers. Additionally, the bill includes provisions to incentivize the use of renewable energy sources, such as solar and wind power, by providing tax credits and other financial incentives for individuals and businesses that invest in renewable energy technologies.
The Energy PRICE Act also includes measures to promote energy conservation, such as requiring federal agencies to implement energy-saving measures in their buildings and operations. This is aimed at reducing the government's energy consumption and setting an example for other organizations to follow. Overall, the Energy PRICE Act of 2021 seeks to address the growing concerns about rising energy costs and the need to transition to more sustainable energy sources. By promoting energy efficiency, incentivizing renewable energy investments, and encouraging energy conservation measures, the bill aims to help reduce energy consumption, lower energy bills, and promote a more sustainable energy future for the United States.
One of the main provisions of the Energy PRICE Act is the establishment of a grant program to provide funding for energy efficiency upgrades in residential and commercial buildings. This program aims to help reduce energy consumption and lower energy bills for consumers. Additionally, the bill includes provisions to incentivize the use of renewable energy sources, such as solar and wind power, by providing tax credits and other financial incentives for individuals and businesses that invest in renewable energy technologies.
The Energy PRICE Act also includes measures to promote energy conservation, such as requiring federal agencies to implement energy-saving measures in their buildings and operations. This is aimed at reducing the government's energy consumption and setting an example for other organizations to follow. Overall, the Energy PRICE Act of 2021 seeks to address the growing concerns about rising energy costs and the need to transition to more sustainable energy sources. By promoting energy efficiency, incentivizing renewable energy investments, and encouraging energy conservation measures, the bill aims to help reduce energy consumption, lower energy bills, and promote a more sustainable energy future for the United States.
Congressional Summary of HR 4556
Energy Prices Require Including Climate Externalities Act of 2021 or the Energy PRICE Act of 2021
This bill requires the Federal Energy Regulatory Commission (FERC) to direct electric utilities to take greenhouse gas emissions into account when they set their rates for the wholesale sale of electricity. Specifically, if FERC determines that the rates do not incorporate the cost of such emissions to public health, safety, or welfare, then FERC must find that the rates are unjust, unreasonable, unduly discriminatory, or preferential.
Read the Full Bill
Current Status of Bill HR 4556
Bill HR 4556 is currently in the status of Bill Introduced since July 20, 2021. Bill HR 4556 was introduced during Congress 117 and was introduced to the House on July 20, 2021. Bill HR 4556's most recent activity was Referred to the Subcommittee on Energy. as of July 21, 2021
Bipartisan Support of Bill HR 4556
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
14Democrat Cosponsors
14Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4556
Primary Policy Focus
EnergyAlternate Title(s) of Bill HR 4556
To direct the Federal Energy Regulatory Commission to find that certain rates for electricity are inherently unjust and unreasonable, and for other purposes.
Energy PRICE Act of 2021
Energy PRICE Act of 2021
Energy Prices Require Including Climate Externalities Act of 2021
Comments
Sponsors and Cosponsors of HR 4556
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