Providing Opportunities for Wider Economic Revitalization Act or the POWER Act
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.
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.
[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6065 Introduced in House (IH)]
<DOC>
117th CONGRESS
1st Session
H. R. 6065
To authorize the Secretary of Energy to release a reversionary interest
in certain real property, and for other purposes.
_______________________________________________________________________
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.
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 ``Providing Opportunities for Wider
Economic Revitalization Act'' or the ``POWER Act''.
SEC. 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.
<all>
Introduced in House
Introduced in House
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.
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.
Referred to the Subcommittee on Energy.
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