119th (2025–2027)
H.R. 2432
H.R. 2432 establishes a dedicated fund in the U.S. Treasury for the Southwestern Power Administration, consolidating various existing accounts into a single financial mechanism. The fund will collect all revenues from the agency's operations, including receipts from power sales and existing unexpended balances from prior appropriations, and make these amounts continuously available for spending on power transmission operations, maintenance, construction, marketing, and administrative expenses. This reorganization affects the Department of Energy and the Southwestern Power Administration, which markets electricity from federal hydroelectric facilities in the Southwest region. The bill does not specify new funding amounts but instead consolidates existing financial authorities, allowing the agency to spend accumulated revenues without needing annual Congressional appropriations, while requiring any excess funds to be returned to the Treasury annually. The legislation is intended to streamline the agency's financial management under authorities originally established in the 1944 Flood Control Act and the 2005 Energy Policy Act.