HR8437Referred to Committee

Geo POWER Act

Introduced

In Committee

Passed One Chamber

Passed Both

Signed into Law

119th

Congress

2026-04-22

Introduced

Cosponsors

ⓘ

Type

Sponsor

Nicholas J. Begich III

Republican · AK · Representative

Votes with party: 95.2% (648 recorded votes)

Top industries funding sponsor:

Conservative Groups$9k

Full profile: /officials/B001323

Source: Congress.gov · FEC

Cosponsors (7)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

2026-07-21

Source: Congress.gov

Committee Activity

Currently in

House Committee on Science, Space, and TechnologyMarkup By · 2026-07-21

Previously

Science, Space, and Technology CommitteeReferred To · 2026-04-22
House Committee on Science, Space, and TechnologyReferred To · 2026-04-22

Plain-English Summary

I don't have enough information to write an accurate summary. The bill title "Geo POWER Act" and referral to the Science, Space, and Technology Committee suggest it relates to geothermal or geospatial energy, but without the bill's actual text or stated subjects, I cannot reliably explain what it would do or who it affects. Please provide the bill's summary, key provisions, or stated purposes so I can write an accurate plain-English explanation.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Energy

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8437 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8437 To advance next-generation geothermal electricity generation demonstration projects in new regions, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 22, 2026 Mr. Begich (for himself and Ms. Lee of Nevada) introduced the following bill; which was referred to the Committee on Science, Space, and Technology _______________________________________________________________________ A BILL To advance next-generation geothermal electricity generation demonstration projects in new regions, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Geothermal Power Opportunity With Expanded Regions Act'' or the ``Geo POWER Act''. SEC. 2. PURPOSE. The purpose of this Act is to advance next-generation geothermal demonstration projects-- (1) to accelerate the commercialization of next-generation geothermal technologies in diverse geologies and regions across the United States; (2) to overcome high upfront capital costs for geothermal exploration and drilling; (3) to generate public data to de-risk future geothermal projects in new geologies and regions; and (4) to catalyze geothermal demonstration projects and innovation through milestone-based financing to de-risk future geothermal projects. SEC. 3. INNOVATIVE FINANCING FOR GEOTHERMAL DEMONSTRATION PROJECTS. Section 615 of the Energy Independence and Security Act of 2007 (42 U.S.C. 17194) is amended-- (1) in subsection (a), by inserting ``the milestone-based geothermal demonstration program for projects in low permeability and impermeable reservoirs described in subsection (e) and'' after ``including''; (2) in subsection (d), by striking paragraph (3); and (3) by adding at the end the following: ``(e) Milestone-Based Geothermal Demonstration Program.-- ``(1) Definitions.--In this subsection: ``(A) Innovative financing.--The term `innovative financing' means financial instruments used to support geothermal energy project development, including transactions that the Secretary may enter into under section 646 of the Department of Energy Organization Act (42 U.S.C. 7256). ``(B) Program.--The term `Program' means the Milestone-Based Geothermal Demonstration Program established under paragraph (2). ``(2) Establishment.--Not later than 180 days after the date of enactment of this subsection, the Secretary shall establish a program, to be known as the `Milestone-Based Geothermal Demonstration Program', to award innovative financing to geothermal projects in low-permeability and impermeable reservoirs through a competitive process based on the achievement of technical and financial milestones, prioritizing-- ``(A) geothermal projects in regions and geologies that have limited or no geothermal electricity generation as of the date of enactment of this paragraph, including on or near Indian land (as defined in section 2601 of the Energy Policy Act of 1992 (25 U.S.C. 3501)); ``(B) geothermal projects that support the collection and dissemination of data to characterize new geothermal resources and technologies to catalyze future private investment; ``(C) new geothermal electricity production facilities with aggregate electricity generation capacity potential of not less than 30 megawatts or geothermal projects that advance innovative drilling or other innovations that enable the viability of commercial-scale geothermal electricity generation of not less than 30 megawatts; and ``(D) projects with the potential for attracting significant private sector investment. ``(3) Requirements.-- ``(A) Proposals.--In carrying out the Program, the Secretary shall request proposals for projects from project sponsors that meet the criteria described in paragraph (2). ``(B) Differentiation.--The Secretary shall award innovative financing under paragraph (2)-- ``(i) to not less than 3 different proposals in at least 3 different States; and ``(ii) to not less than 3 different project sponsors. ``(C) Staffing.--The Secretary shall maintain staffing levels sufficient to administer innovative financing under paragraph (2). ``(4) Authority.--The Secretary shall carry out a project under this subsection…

Show the remaining 42 words

as a milestone-based demonstration project under section 9005 of the Energy Act of 2020 (42 U.S.C. 7256c). ``(f) Authorization of Appropriations.--There are authorized to be appropriated to the Secretary such sums as are necessary to carry out subsections (d) and (e).''. <all>

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