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Search Results: keywords:"h.r. 7422"

  • H.R. 7422 is aimed at changing the Geothermal Steam Act of 1970 to give the Department of the Interior the authority to recoup costs associated with managing geothermal energy leases. This bill means that those applying for or holding geothermal leases might have to pay back...

    Simple Explanation

    The bill wants to let a part of the U.S. government, called the Department of the Interior, ask people who use Earth's heat for energy to pay back some of the money the government spends to help manage their projects. This means if someone wants to use hot water from inside the Earth to make power, they might have to help the government pay some of the costs of taking care of this process.

  • H.R. 7422, also known as the “Geothermal Cost-Recovery Authority Act of 2024,” aims to amend the Geothermal Steam Act of 1970. It grants the Department of the Interior the authority to charge fees to companies for the administrative costs and monitoring activities related to...

    Simple Explanation

    The bill lets a government department charge for help in watching over companies using hot water and steam from the ground, making sure everything is fair and good until 2031. They need to check how it's working after a few years and report on it.