H.R. 7043: To amend the Infrastructure Investment and Jobs Act to reauthorize the transmission facilitation program.
This bill, designated as H.R. 7043, proposes an amendment to the Infrastructure Investment and Jobs Act specifically to extend the duration of the transmission facilitation program. The key provisions of the bill are as follows:
Extension of Program Duration
The bill seeks to amend the current language in Section 40106(d)(3) of the Infrastructure Investment and Jobs Act. This section currently authorizes the transmission facilitation program for the years 2022 through 2026. The proposed amendment will change this authorization period to cover the years 2026 through 2031. This means that funding and support for this program would continue for an additional five years beyond the original end date.
Purpose of the Transmission Facilitation Program
The transmission facilitation program is aimed at enhancing the infrastructure associated with energy transmission. This includes:
- Improving the reliability of energy transmission systems.
- Facilitating the development of necessary transmission projects.
- Supporting the expansion and modernization of existing transmission infrastructure.
Potential Benefits
By extending this program, the bill intends to:
- Encourage investments in energy infrastructure.
- Promote cleaner energy sources by enabling more effective transmission of renewable energy.
- Support economic growth through job creation in the energy sector.
Implementation
If passed, the bill would require relevant federal and state agencies to continue to implement the transmission facilitation program, which may involve allocating funds and overseeing projects related to energy transmission infrastructure during the extended period.
Relevant Companies
- NEE (NextEra Energy, Inc.): A major energy provider that focuses on renewable energy; likely to benefit from enhanced transmission infrastructure supporting renewable projects.
- DUK (Duke Energy Corporation): An electric power holding company that might engage in projects under the transmission facilitation program, benefiting from extended support for infrastructure.
- AEP (American Electric Power Company, Inc.): A utility holding company that could leverage the extended program to improve and expand its transmission operations.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
2 bill sponsors
Actions
2 actions
| Date | Action |
|---|---|
| Jan. 13, 2026 | Introduced in House |
| Jan. 13, 2026 | Referred to the House Committee on Energy and Commerce. |
Corporate Lobbying
0 companies lobbying
None found.
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