Investing in State Energy Act of 2023

To require certain information and financial assistance under the State energy program and the Weatherization Assistance Program to be distributed without undue delay to support State and local high-impact energy efficiency and renewable energy initiatives, and for other purposes. 1. Short title This Act may be cited as the Investing in State Energy Act of 2023 2. Timing for distribution of certain information and financial assistance under the Weatherization Assistance Program and the State energy program (a) Timing for distribution of certain information and financial assistance under the weatherization assistance program Section 417 of the Energy Conservation and Production Act ( 42 U.S.C. 6867 (1) in subsection (d), by striking the subsection designation and all that follows through Payments (d) Method and timing of payments (1) In general Payments ; and (2) by adding at the end the following: (2) Timing On receipt of a plan adopted pursuant to section 415(b), the Secretary shall distribute funds to the State, Indian Tribe, or other direct recipient to which the plan applies as quickly as practicable. (e) Distribution of information Not later than 60 days after the date on which funds have been made available to provide assistance under this part, the Secretary shall— (1) release application guidance to States, Indian Tribes, and other direct recipients of assistance under this part; and (2) publish the allocation of assistance to be provided to States, Indian Tribes, and other direct recipients of assistance under this part in accordance with the applicable distribution formula for the fiscal year. . (b) Timing for distribution of certain information and financial assistance under the State energy program Section 363 of the Energy Policy and Conservation Act ( 42 U.S.C. 6323 (f) Distribution of information Not later than 60 days after the date on which funds have been made available to provide financial assistance under this section, the Secretary shall— (1) release application guidance for financial assistance for energy conservation plans under this section; and (2) publish the allocation of assistance to be provided to States under this section in accordance with the applicable distribution formula for the fiscal year, including pursuant to subsection (b). (g) Timing of payments On receipt of a State energy conservation plan submitted under section 362, the Secretary shall distribute funds to a State as quickly as practicable. .

Summary: Investing in State Energy Act of 2023 This bill revises requirements concerning the distribution of funds under the Weatherization Assistance Program (WAP) and the State Energy Program (SEP) to state agencies and local partners that implement energy initiatives. Under WAP, the Department of Energy (DOE) reduces energy costs for low-income households by increasing the energy efficiency of their homes. Under SEP, DOE supports state energy conservation plans and energy security. This bill requires DOE, upon receiving state or area plans under WAP or SEP, to distribute funds to the recipients of the funding as quickly as practicable. Within 60 days of Congress making the funds available for WAP and SEP, DOE must (1) provide application guidance for financial assistance, and (2) publish the allocation of financial assistance to be provided to states under the programs.