S. 308Senate108th Congress (2003-2005)In Committee

A bill to impose greater accountability on the Tennessee Valley Authority with respect to capital investment decisions and financing operations by increasing Congressional and Executive Branch oversight.

Sponsored by Trent LottSen. Trent Lott (R-MS)
Introduced February 5, 2003

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S1983)

February 5, 2003

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SenateIntro Referral

Introduced in Senate

February 5, 2003

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S1982-1983)

February 5, 2003

SenateIntro Referral

Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S1983)

February 5, 2003

Floor Debate

22 members

What members said about S. 308 on the floor

8 Republicans14 Democrats
Judd Gregg
Sen. Judd GreggR-NH · Feb 5, 2003

Mr. President, I rise today to introduce legislation that, if enacted, could have a monumental impact on the lives of thousands of working men, women and families in America. Today, along with…

Mary L. Landrieu
Sen. Mary L. LandrieuD-LA · Feb 5, 2003

Mr. President, today I rise, along with Senator Breaux to introduce a bill to establish the Atchafalaya National Heritage Area in Louisiana. This legislation has particularly special meaning to those…

George Allen
Sen. George AllenR-VA · Feb 5, 2003

Mr. President, I am most pleased to be joined by our esteemed colleague, Senator Dodd of Connecticut, to introduce the Aeronautics Research and Development Revitalization Act. This legislation is the…

John McCain
Sen. John McCainR-AZ · Feb 5, 2003

Mr. President, I am pleased to join Senators Rockefeller, Chafee and a bipartisan group of my colleagues in introducing a bill to restore funding which was previously allocated to the State…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Feb 5, 2003

Mr. President, I rise today to introduce the First Responders Partnership Grant Act of 2003. I thank the Democratic Leader, Senator Daschle, and Assistant Democratic Leader, Senator Reid, for joining…

Show 8 more
Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Feb 5, 2003

Mr. President, it is a privilege to join my colleagues in introducing a bipartisan bill to extend the availability of the unused funds in the Children's Health Insurance Program, so that hundreds of…

Gordon H. Smith
Sen. Gordon H. SmithR-OR · Feb 5, 2003

Mr. President, I rise today to introduce a bill that will make Medicare's Social Health Maintenance Organization, SHMO, demonstration a permanent part of the Medicare+Choice program. In this effort,…

Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · Feb 5, 2003

Mr. President, I am pleased to join with my colleagues today in introducing our legislation restoring funding for the State Children's Health Insurance Program, SCHIP. I would like to thank my…

Russell D. Feingold
Sen. Russell D. FeingoldD-WI · Feb 5, 2003

Mr. President, I am pleased to reintroduce legislation today that would increase the mileage reimbursement rate for volunteers. Under current law, when volunteers use their cars for charitable…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Feb 5, 2003

Mr. President, today, we need to address the impending crisis that may leave thousands of children in New York and around the country without health insurance or access to health care. The State…

Trent Lott
Sen. Trent LottR-MS · Feb 5, 2003

Mr. President, the Tennessee Valley Authority has long served as an engine for economic development in my part of the country and has enjoyed widespread support for its efforts to provide power that…

Trent Lott
Sen. Trent LottR-MS · Feb 5, 2003

Mr. President, the Tennessee Valley Authority has long served as an engine for economic development in my part of the country and has enjoyed widespread support for its efforts to provide power that…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Feb 5, 2003

Mr. President, I am pleased to introduce this legislation today with Senator Boxer to allow the National Park Service to extend the boundaries of the Golden Gate National Recreation Area, GGNRA, by…

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Mike DeWine
Sen. Mike DeWineR-OH · Feb 5, 2003

Mr. President, I rise today, along with my friend and colleague from Ohio, Senator George Voinovich, to introduce a bill to name the Federal building and United States courthouse in Dayton, Ohio,…

Jon S. Corzine
Sen. Jon S. CorzineD-NJ · Feb 5, 2003

Mr. President, I am honored and pleased to introduce legislation today that Senator Kennedy and I introduced with Senator Wellstone in the 107th Congress. Today, Senator Kennedy and I reintroduce the…

Craig Thomas
Sen. Craig ThomasR-WY · Feb 5, 2003

Mr. President, I am pleased to rise today to introduce the ``Seniors Mental Health Access Improvement Act of 2003'' with my distinguished colleague from Arkansas, Mrs. Lincoln. Specifically, the…

Barbara A. Mikulski
Sen. Barbara A. MikulskiD-MD · Feb 5, 2003

Mr. President, I rise today to introduce the Federal Employees Health Benefits Improvement Act of 2003 along with my colleague from Maryland, Senator Sarbanes. This bill would reduce the employee…

John F. Kerry
Sen. John F. KerryD-MA · Feb 5, 2003

Mr. President, drought continues to be a serious problem for many States in this country, and I rise to re-introduce legislation to help small businesses that need disaster assistance but can't get…

Barbara Boxer
Sen. Barbara BoxerD-CA · Feb 5, 2003

Mr. President, today I am introducing a bill that could have a significant impact on reducing the threat of terrorism towards our commercial airlines. Last November, two shoulder-fired SA-7 missiles…

Daniel K. Inouye
Sen. Daniel K. InouyeD-HI · Feb 5, 2003

Mr. President, I rise to introduce a bill that would amend the Internal Revenue Code of 1986 to exempt certain sightseeing flights from the air transportation excise tax. A clarifying amendment to…

Blanche L. Lincoln
Sen. Blanche L. LincolnD-AR · Feb 5, 2003

Mr. President, I am pleased to join my colleague Senator Craig Thomas today in introducing the ``Seniors Mental Health Access Improvement Act of 2003.'' This bill would expand Medicare coverage to…

John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Feb 5, 2003

Mr. President, I rise today to introduce a bill that would promote the health and well- being of America's children by restoring funds to the Children's Health Insurance Program, known as CHIP. CHIP…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · Feb 5, 2003

Mr. President, I am pleased to join with my colleagues Senator Kennedy, Senator Inouye, Senator Akaka, Senator Corzine, Senator Murray, and Senator Mikulski, to introduce the Family and Medical Leave…

Bill Text

Latest available legislative text

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Introduced in SenateIssued February 5, 2003
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 308 Introduced in Senate (IS)]

108th CONGRESS
1st Session
S. 308

To impose greater accountability on the Tennessee Valley Authority with
respect to capital investment decisions and financing operations by
increasing Congressional and Executive Branch oversight.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

February 5, 2003

Mr. Lott introduced the following bill; which was read twice and
referred to the Committee on Environment and Public Works

_______________________________________________________________________

A BILL

To impose greater accountability on the Tennessee Valley Authority with
respect to capital investment decisions and financing operations by
increasing Congressional and Executive Branch oversight.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. TENNESSEE VALLEY AUTHORITY.

(a) Definitions.--In this section:
(1) Authority.--The term ``Authority'' means the Tennessee
Valley Authority.
(2) Board.--The term ``Board'' means the Board of Directors
of the Authority.
(3) Committee leader.--The term ``Committee leader'' means
the chairman and ranking member of each of the Committee on
Appropriations and the Committee on the Environment and Public
Works of the Senate and the Committee on Appropriations and the
Committee on Transportation and Infrastructure of the House of
Representatives.
(4) Director.--The term ``Director'' means the Director of
the Office of Management and Budget.
(5) Plan.--The term ``Plan'' means the Ten-Year Business
Outlook and Strategic Plan submitted under subsection (b).
(b) Plan.--Not later than 90 days after the effective date of this
section, the Authority shall submit to the Director and each of the
Committee leaders, for their concurrence, a Ten-Year Business Outlook
and Strategic Plan for the Authority that includes, at a minimum--
(1) estimates of--
(A) the power demand in the service area of the
Authority during the 10-year period following the date
of the plan;
(B) the assets that the Authority anticipates will
be available to meet that demand; and
(C) capital expenditures that will be required to
meet that demand;
(2) a strategy and criteria for the development and
financing of new nuclear and nonnuclear power supply sources,
including a strategy for competitive sourcing and partnering
with the private sector for the development and financing of
new nuclear and nonnuclear power facilities; and
(3) a strategy for managing the financing, refinancing, and
repayment of the existing indebtedness of the Authority,
including a specific debt repayment schedule to which the Board
is specifically committed.
(c) Financing Strategies.--The provisions of the Plan relating to
financing strategies under subsection (b)(3) shall include a recitation
of the policies of the Board with respect to--
(1) the use of short-term and long-term debt;
(2) the use of derivative or other financing instruments;
and
(3) risk management strategies.
(d) Limitations.--
(1) In general.--The Authority shall not, until the date,
if any, on which the Director and each of the Committee leaders
issue a written concurrence to the Plan--
(A) expend any internally generated capital or
otherwise undertake any investment in, or enter into
any arrangement that would result in the development or
financing of, new, additional, or replacement plant,
equipment, or capacity; or
(B) without the written concurrence of the Director
and each of the Committee leaders, undertake any
financing of additional indebtedness or refinancing of
debt of the Authority in any public or private market.
(2) Effect.--This subsection does not preclude the
Authority from expending available funds, in the exercise of
the independent judgment of the Authority, for the repair,
maintenance, or necessary renovation to preserve the operating
capacity and efficiency of existing units and related
facilities.
(e) Effective Date.--This section takes effect on January 31, 2003.
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