Latest action: Placed on the Union Calendar, Calendar No. 569.
Bill is filed in its originating chamber and assigned a number.
Sponsor
Alexandria Ocasio-Cortez (D-NY)
Filed in the House.
Next: In Committee
Members of the committee(s) the bill was referred to
Bill creates a cost-recovery system for geothermal energy development projects.
The problem
Geothermal energy development faces high upfront costs and financing barriers that slow project development and reduce investment in renewable energy.
The proposal
Establishes a Cost-Recovery Authority to help finance geothermal projects by allowing developers to recover costs through revenue-sharing or repayment mechanisms.
The impact
Geothermal companies, energy investors, and communities in geothermal-rich regions gain access to new funding mechanisms. Taxpayers may fund initial investments.
Lowers financial barriers to geothermal projects, encouraging more clean energy production. Geothermal provides reliable baseload power unlike intermittent renewables. Could accelerate U.S. renewable energy goals.
Geothermal development generates construction jobs and long-term operations employment. Benefits rural and Western communities where geothermal resources exist. Attracts investment capital to developing regions.
Domestic geothermal energy reduces reliance on foreign energy imports. Strengthens U.S. energy security and stabilizes prices. Provides energy sovereignty through local resource development.
Developers have incentive to manage costs carefully since they recover expenses through revenue. Builds accountability into project management. Reduces waste and inefficient spending.
If projects fail, unclear who bears financial losses—taxpayers or private investors. Could expose federal budget to unexpected costs. Accountability mechanisms appear undefined.
Only Western states and specific regions have viable geothermal resources. Creates unequal regional development benefits. Other states receive minimal economic advantage.
Geothermal drilling can trigger induced seismicity and affect groundwater. Extraction impacts local geology and water systems. Long-term environmental effects not fully understood.
New financial model unproven; may not attract sufficient private investment anyway. Expensive government structure adds overhead costs. Risk of inefficient public-private partnerships.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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