IMPACT for Energy Act - H.R.3575 / S.2005

Overview
Purpose
"To establish the IMPACT for Energy Foundation."
Primary Sponsors
Reps. Ben Ray Luján (D-NM) and Joe Wilson (R-SC) / Sens. Chris Coons (D-DE) and Lindsey Graham (R-SC)
Summary of Selected 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 appointed members from industry, the academic community, nonprofit organizations, and other stakeholder groups
Actions
Actions on the House bill
Bill introduced
6/27/2019
Actions on the Senate bill
Bill introduced
6/27/2019
Status update

H.R.3575 incorporated into the House's Clean Economy Jobs and Innovation Act.

Relevant FYI Bulletins

The House passed a sweeping energy policy reform package last month that includes expansive new direction to the Department of Energy’s applied R&D programs and recommends significant funding increases for renewable energy, fission and fusion energy, and carbon capture.

Democrats on the House Climate Crisis Committee have released a legislative framework for the U.S. to reach net-zero greenhouse gas emissions by 2050, recommending massive investments in clean energy technologies alongside decarbonization policy measures.