Tennessee Valley Authority Transparency Act of 2023

Hozzl · 2023-12-15T15:53:44Z

Explore the details of House Bill 404 Tennessee Valley Authority Transparency Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

12/15/2023, 3:53 PM

Summary of Bill HR 404

Bill 118 HR 404, also known as the Tennessee Valley Authority Transparency Act of 2023, aims to increase transparency and accountability within the Tennessee Valley Authority (TVA). The TVA is a federally owned corporation that provides electricity to millions of people in the Tennessee Valley region.

The bill requires the TVA to make certain financial and operational information publicly available on its website, including details on executive compensation, contracts, and expenditures. This information will help ensure that the TVA is operating efficiently and effectively with taxpayer dollars.

Additionally, the bill requires the TVA to hold public meetings at least four times a year to allow for greater public input and oversight. This will give stakeholders, including ratepayers and local communities, the opportunity to voice their concerns and provide feedback on the TVA's operations. Overall, the Tennessee Valley Authority Transparency Act of 2023 seeks to promote transparency, accountability, and public engagement within the TVA to ensure that it is serving the best interests of the people it serves.

Congressional Summary of HR 404

Tennessee Valley Authority Transparency Act of 2023

This bill revises the duties of the Tennessee Valley Authority (TVA) Board of Directors to include holding public meetings. The board must provide public notice at least six days before such a meeting, unless the meeting is designated as an emergency. The TVA provides low-cost electricity in seven southeastern states. It also provides flood control, navigation, and land management for the Tennessee River system.

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Current Status of Bill HR 404

Bill HR 404 is currently in the status of Bill Introduced since January 20, 2023. Bill HR 404 was introduced during Congress 118 and was introduced to the House on January 20, 2023. Bill HR 404's most recent activity was Referred to the Subcommittee on Water Resources and Environment. as of February 1, 2023