The House has passed S. 1020. This bill was introduced by Senator Steve Daines.
The vote was 394-14.
You can track corporate lobbying on this bill and relevant congressional stock trades on Quiver Quantitative's S. 1020 bill page.
Here is a short summary of a March 13, 2025 version of the bill.
S. 1020 Summary
This bill aims to provide additional time for certain hydropower projects to commence construction by allowing the Federal Energy Regulatory Commission (FERC) to extend deadlines for these projects. The key points of the bill include:
Definition of Covered Projects
The bill defines a "covered project" as any hydropower project for which FERC issued a license before March 13, 2020.
Extension Authorization
The bill allows FERC to extend the time by which licensees must start construction on covered projects. This can occur if the licensee requests it and demonstrates good cause. The extension can add up to six years beyond the standard eight-year period already authorized by the Federal Power Act.
Duration of Extensions
These extensions can be structured as follows:
- Up to three consecutive two-year periods.
- The extension starts when the prior extension, if any, expires.
- The total extension cannot exceed a six-year maximum from the latest authorized start date.
Reinstatement of Expired Licenses
If the deadline for starting construction on a covered project lapses between December 31, 2023, and the enactment of this bill, FERC has the authority to reinstate the project's license. This reinstatement would be effective from the original expiration date and would correspond with the new extension provisions outlined in the bill.
Overall Impact
This legislation is designed to assist hydropower projects that may have encountered delays by providing a more flexible timeframe for starting construction. By extending these deadlines, the bill could potentially encourage the development of renewable energy through hydropower.
Relevant Companies
- NWE - NorthWestern Corporation: Involved in energy generation, including hydroelectric facilities, and could benefit from extended project timelines.
- PLT - Plumas Sierra Rural Electric Cooperative: Participates in the development of renewable energy sources, including hydropower projects.
This article is not financial advice. Bill summaries may be unreliable. Consult Congress.gov for full bill text. See Quiver Quantitative's disclaimers for more information.
Senator Steve Daines Bill Proposals
Here are some bills which have recently been proposed by Senator Steve Daines:
- S.4314: A bill to amend the John H. Chaffee Foster Care Program for Successful Transition to Adulthood to increase the maximum education and training voucher amount, provide greater support for foster youth pursuing postsecondary education, and expand education and workforce training opportunities for youth who have experienced foster care, and for other purposes.
- S.4041: Cooperative Watershed Management Program Reauthorization Act of 2026
- S.3940: Access to Fair Financing for Opportunity and Resilient Development Act
- S.3834: Expanded Telehealth Access Act
- S.3671: Increasing Investor Opportunities Act
- S.3635: Fort Peck Water System Reauthorization Act
You can track bills proposed by Senator Steve Daines on Quiver Quantitative's politician page for Daines.
Senator Steve Daines Net Worth
Quiver Quantitative estimates that Senator Steve Daines is worth $21.4M, as of April 21st, 2026. This is the 58th highest net worth in Congress, per our live estimates.
Daines has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Senator Steve Daines's net worth on Quiver Quantitative's politician page for Daines.
Senator Steve Daines Stock Trading
We have data on up to $100.0K of trades from Senator Steve Daines, which we parsed from STOCK Act filings.
You can track Senator Steve Daines's stock trading on Quiver Quantitative's politician page for Daines.
