IMPACT for Energy Act - H.R.4700 / S.2257

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Overview
Purpose: 
"A bill to establish the IMPACT for Energy Foundation."
Primary sponsors: 
Rep. Ben Ray Luján (D-NM) and Rep. Joe Wilson (R-SC) / Sen. Chris Coons (D-DE) and Sen. Lindsey Graham (R-SC)
Latest major action: 
H.R.4700 and S.2257 introduced, Dec. 20, 2017
Summary of provisions
  • Directs the Department of Energy to establish a nonprofit, independent foundation to accept and channel funding for innovation initiatives from private donors
  • Specifies that the foundation can conduct and support studies, competitions, projects, research, development, commercialization, and other activities
  • Establishes that the foundation's board of directors comprise the secretary of energy, congressional committee leaders from both parties, and appointed members from industry, the academic community, nonprofit organizations, and other stakeholder groups
Actions
Actions on the House bill: 
Bill introduced
Dec. 20, 2017
Actions on the Senate bill: 
Bill introduced
Dec. 20, 2017
Relevant FYI Bulletins: