POWER Act

Bill: 117-hr-6065
Sponsor: full_name: Rep. Turner, Michael R. [R-OH-10]
Introduced: 2021-11-19
Policy area: Public Lands and Natural Resources
Latest action: action_date: 2021-11-22
text: Referred to the Subcommittee on Energy.

Summaries:
action_date: 2021-11-19
action_desc: Introduced in House
text: <p><strong>Providing Opportunities for Wider Economic Revitalization Act or the POWER Act</strong></p> <p>This bill authorizes the Department of Energy (DOE) to release, without reimbursement or other consideration, a reversionary interest acquired by the United States when the National Nuclear Security Administration made a grant to support the acquisition of real property and construction of infrastructure located at 4170 Allium Court in Springfield, Ohio.</p> <p>The authority of DOE to release such reversionary interest is conditioned on, and may be exercised only after, the acquisition of title to the real property by the Community Improvement Corporation of Clark County.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 6065 IN THE HOUSE OF REPRESENTATIVES November 19, 2021 Mr. Turner (for himself, Mr. Davidson , Mr. Johnson of Ohio , Mr. Ryan , and Mr. Chabot ) introduced the following bill; which was referred to the Committee on Energy and Commerce , and in addition to the Committee on Armed Services , 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 A BILL To authorize the Secretary of Energy to release a reversionary interest in certain real property, and for other purposes.

1. Short title This Act may be cited as the Providing Opportunities for Wider Economic Revitalization Act or the POWER Act . 2. Release of reversionary interest in certain real property, Springfield, Ohio (a) Release of reversionary interest authorized Subject to subsection (b), the Secretary of Energy may release, without reimbursement or other consideration, a reversionary interest acquired by the United States when the National Nuclear Security Administration made a grant to support the acquisition of real property and construction of infrastructure located at 4170 Allium Court in Springfield, Ohio. (b) Condition on release The authority of the Secretary of Energy to release the reversionary interest described in subsection (a) is conditioned on, and may be exercised only after, the acquisition of title to the real property subject to the reversionary interest by the Community Improvement Corporation of Clark County, a nonprofit entity created by the City of Springfield, Ohio, Clark County, Ohio, and the Chamber of Commerce in the County.