S. 4605: Geothermal Cost-Recovery Authority Act of 2026
S. 4605 status: Referred.
What this bill does
Overall score
Bill summary
No official summary is available for this bill yet.
Key analysis
Impact analysis
Environment
Benefits
- Encourages responsible geothermal resource development through cost recovery for oversight.
- Supports reclamation of well sites and facilities.
Risks
- Potential for increased administrative costs to be passed on to developers.
Economy
Benefits
- Provides cost recovery for the Department of the Interior, potentially improving efficiency.
- May incentivize more streamlined geothermal leasing and permitting processes.
Risks
- Adds a cost burden to geothermal lease applicants and holders.
- Cost recovery authority is limited to September 30, 2032.
Society
Benefits
- Aims to ensure efficient administration of geothermal resources.
Risks
- No direct social impacts identified in the provided text.
How trustworthy & consequential it is
Confidence
highhigh
Information is complete and verified.
Analysis status
Full bill text (Congress.gov)
Source used for this bill's analysis.
The actual impact on the geothermal industry will depend on how the Secretary exercises the cost-recovery authority.
Cost recovery authority is temporary, expiring September 30, 2032.
Where it stands
Introduced
CompleteCommittee
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