In the nature of a substitute.

SA 3343. Mr. HICKENLOOPER (for Mr. Daines) proposed an amendment to
the bill S. 3373, to require the Federal Energy Regulatory Commission
to extend the time period during which licensees are required to
commence construction of certain hydropower projects; as follows:

Strike all after the enacting clause and insert the
following:

SECTION 1. EXTENSION OF TIME TO COMMENCE CONSTRUCTION OF
CERTAIN HYDROPOWER PROJECTS.

(a) Definition of Covered Project.--In this section, the
term ``covered project'' means a hydropower project with
respect to which the Federal Energy Regulatory Commission
issued a license before March 13, 2020.
(b) Authorization of Extension.--Notwithstanding section 13
of the Federal Power Act (16 U.S.C. 806), on the request of a
licensee of a covered project, the Federal Energy Regulatory
Commission may, after reasonable notice and for good cause
shown, extend in accordance with subsection (c) the period
during which the licensee is required to commence
construction of the covered project for an additional 4 years
beyond the 8 years authorized by that section.
(c) Period of Extension.--An extension of time to commence
construction of a covered project under subsection (b)
shall--
(1) begin on the date on which the final extension of the
period for commencement of construction granted to the
licensee under section 13 of the Federal Power Act (16 U.S.C.
806) expires; and
(2) end on the date that is 4 years after the latest date
to which the Federal Energy Regulatory Commission is
authorized to extend the period for commencement of
construction under that section.
(d) Reinstatement of Expired License.--If the time period
required under section 13 of the Federal Power Act (16 U.S.C.
806) to commence construction of a covered project expires
after December 31, 2023, and before the date of enactment of
this Act--
(1) the Federal Energy Regulatory Commission may reinstate
the license for the applicable project effective as of the
date of expiration of the license; and
(2) the extension authorized under subsection (b) shall
take effect on the date of that expiration.
______