H.R. 2432: Southwestern Power Administration Fund Establishment Act
This bill, titled the Southwestern Power Administration Fund Establishment Act, proposes the creation of a dedicated fund within the U.S. Treasury known as the Southwestern Power Administration Fund. Here's how it works in simpler terms:
Establishment of the Fund
The bill establishes a new fund that will include:
- All money collected by the Southwestern Power Administration (SWPA), which is a government agency that manages power resources.
- Any additional appropriations or financial contributions made to this fund.
- Transfers from other related funds, specifically from unspent money in existing government budgets related to power administration.
- Other specified amounts authorized under existing law.
Use of Funds
The funds collected in this new account will be utilized for several key activities related to the operation and maintenance of electricity systems. Specifically, the money will be used for:
- Operating and maintaining power transmission facilities.
- Marketing electric power and energy resources.
- Building and acquiring new transmission lines and substations.
- Covering administrative expenses for the Secretary of Energy related to these operations.
Management and Oversight
The Secretary of Energy, through the Administrator of the SWPA, will oversee the fund and decide how the money is spent. Furthermore, the bill allows for the possibility of incurring obligations for authorized purposes before money is officially appropriated to ensure that operations can continue smoothly.
Handling of Excess Funds
At the end of each year, any excess funds remaining in this account beyond what is necessary for operations will be transferred to the U.S. Treasury.
Legislative Compliance
The bill ensures that the activities related to the SWPA Fund comply with existing laws governing federal financial management.
Conforming Amendments
Finally, the bill includes provisions to amend current laws to align with the establishment of the new fund, specifically changing certain existing appropriations to reflect the new title and establishment of the Southwestern Power Administration Fund.
Relevant Companies
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Sponsors
2 bill sponsors
Actions
2 actions
| Date | Action |
|---|---|
| Mar. 27, 2025 | Introduced in House |
| Mar. 27, 2025 | Referred to the Committee on Natural Resources, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
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